Profiles of Existing Government Corporations - US Government ...

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CORPORATION PROFILE
C. In accordance with generally accepted accounting principles
(CUP) for collegea and universities, depreciation of fixed
assets is not recorded. The statement Of current funds,
revenues I expenditures, and other changes, reported by GU,
relates to the current reporting period and does not purport
to present the results of operations or the net income or
loos for the period as vould a statement of revenues and
expenses.
d. Expenses do not include mandatory transfer-loan fund matching
grant.
e. Net Income is calculated as:
f.
g.
Revenues and appropriations t80,022,571
Lass: expcnsem (76,391,626)
MOE: net transfers for expenditures
in other funds -1
Total net income (net increase in
current balances) s 495.4'7
Assets are calculated as:
Current funds $ 23,582,117
Plant funds 156,093,703
Loan funds 421,145
Lemm : inter-fund receivables/payables (5,166,536)
Endowment and similar funds 9.991.3 z
Total assets d
Liabilities are calculated as:
Current fund8-unrestricted 515,782,364
Current funds-restricted 570,502
Plant funds-unewended 230.598
Lamm : inter-fund-receivablem/payables
Total liabilities
h. Total Equity and Other Equity in calculated as:
Current funds - unrestricted fund balance 9 6,244,lOl
- restricted fund balance 985,150
Plant fund8 - unrastrictad fund balance 4,931,797
- net investment in plant 150,923,308
Loan funds - fund balance 421,145
Endowment and similar funds - fund balance
Total equity
.