1998 Financial Statements - Statement of Changes in Fund Equities, Restricted Current Funds THE OHIO STATE UNIVERSITY
STATEMENT OF CHANGES IN FUND EQUITIES

Year ended June 30, 1998


     
RESTRICTED CURRENT FUNDS

     
Educational
and General

Auxiliary
Enterprises


Hospitals
Total
Restricted

REVENUES AND OTHER ADDITIONS
Unrestricted current funds revenues$- $-$- $-
State appropriations 74,248,147 -9,637,644 83,885,791
Federal appropriations 16,833,728 --16,833,728
Local appropriations14,564,504 -- 14,564,504
Federal grants and contracts 140,780,693 79,66261,740140,922,095
State grants and contracts 28,415,801 -- 28,415,801
Local grants and contracts 1,113,701 -- 1,113,701
Private grants and contracts 132,336,073 7,620,7381,742,839 141,699,650
Endowment income 11,401,884351,021973,77012,726,675
Investment income3,258,750 -- 3,258,750
Interest and penalties on loans receivable - -- -
Expended for plant facilities (including $55,043,718 charged to current funds expenditures) - -- -
Retirement of indebtedness - -- -
Net appreciation/(depreciation) of market value of investments408,883

-

-

408,883

TOTAL REVENUES AND OTHER ADDITIONS423,362,1648,051,421 12,415,993443,829,578

EXPENDITURES AND OTHER DEDUCTIONS
Educational and general expenditures391,095,631- - 391,095,631
Auxiliary enterprises expenditures-6,882,259 - 6,882,259
Hospitals expenditures-- 12,400,656 12,400,656
Indirect costs recovered36,897,507- - 36,897,507
Refunded to grantors23,938- - 23,938
Loan cancellations and write-offs-- - -
Administrative and collection costs-- - -
Provision for uncollectible loans-- - -
Annuities paid-- - -
Expended for plant facilities (including non-capitalized expenditures of $17,493,577)-- - -
Bond administrative expenditures-- - -
Retirement of indebtedness-- - -
Interest on indebtedness (including capitalized interest of $3,086,769)-- - -
Disposal and write-offs of plant facilities-

-

-



TOTAL EXPENDITURES AND OTHER DEDUCTIONS 428,017,076

6,882,259

12,400,656

447,299,991


TRANSFERS AMONG FUNDS - ADDITIONS/(DEDUCTIONS)
Mandatory:
Principal and interest
(1,068,116)(4,975,632)- (6,043,748)
Matching grants
--- -
Non-mandatory:
Support to auxiliary enterprises
--- -
Debt services
-285,689- 285,689
Capital improvements
(1,654,338)2,645,232(34,000)956,894
Endowment principal
(8,009,729)(196,717)(56,495)(8,262,941)
Interfund
21,066,384

2,482,671

633,281

24,182,336

TOTAL TRANSFERS10,334,201

241,243

542,786

11,118,230

NET INCREASE/ (DECREASE) FOR THE YEAR5,679,289

1,410,405

558,123

7,647,817

FUND EQUITY, BEGINNING OF YEAR 95,812,780

134,740

2,573,384

98,520,904

FUND EQUITY, END OF YEAR $101,492,069$1,545,145 $3,131,507 $106,168,721











Copyright © 1998 by OSU Office of the Controller, Division of Accounting.