1998 Financial Statements - Statement of Revenues, Expenditure and Changes in Fund Equities, Current Funds THE OHIO STATE UNIVERSITY
STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND EQUITIES

Year ended June 30, 1998 with Comparative Financial Information for 1997
(in thousands)


     
CURRENT

     
UNRESTRICTED

  
RESTRICTED

     
1998

1997

  
1998

1997

REVENUES AND OTHER ADDITIONS
Educational and general:
  
Tuition, fees and other student charges
$308,180 $289,627
  
$- $-
State appropriations
322,710307,367
  
74,248 59,817
Federal support
25,12824,731
  
157,614 154,544
Other state support
3,2732,990
  
28,416 26,390
Local support
10 120
  
15,678 14,959
Private support
16,06912,542
  
132,336 127,252
Investment income
28,99423,905
  
14,6615,986
Net appreciation (depreciation) in fair value of
investments
-58
  
409904
Sales and services
47,93842,029
  
--
Other sources
10,825

11,470

  
-

-

Total educational and general current fund revenues763,127714,839
  
423,362 389,852
Auxiliary enterprises123,156116,888
  
8,052 6,853
Hospitals457,217391,324
  
12,416 11,491
Interest and penalties on loans receivable--
  
- -
Plant fund additions--
  
- -
Retirement of indebtedness-

-

  
-



TOTAL REVENUES AND OTHER ADDITIONS $1,343,500

$1,223,051

  
$443,830

$408,196




EXPENDITURES AND OTHER DEDUCTIONS
Educational and general expenditures 703,348 659,263
  
391,096 365,168
Auxiliary enterprises expenditures 106,131 103,208
  
6,882 6,905
Hospitals expenditures 419,202334,879
  
12,401 10,457
Administrative and collection - -
  
- -
Indirect costs recovered - -
  
36,897 35,811
Refunded to grantors - -
  
24 5
Provision for uncollectible loans - -
  
- -
Payment to annuitants - -
  
- -
Expended for plant facilities - -
  
- -
Retirement of indebtedness (including interest) - -
  
- -
Disposal of plant facilities -

-

  
-

-

TOTAL EXPENDITURES AND OTHER DEDUCTIONS 1,228,681

1,097,350

  
447,300

418,346

TRANSFERS AMONG FUNDS - ADDITIONS/(DEDUCTIONS)
Mandatory(25,295)(25,785)
  
(6,044) (2,947)
Non-mandatory (20,282)

(54,635)

  
17,162

16,094

TOTAL TRANSFERS(45,577)

(80,420)

  
11,118

13,147

NET INCREASE FOR THE YEAR69,242

45,281

  
7,648

2,997

FUND EQUITY, BEGINNING OF YEAR BEFORE CUMULATIVE EFFECT OF CHANGE IN ACCOUNTING PRINCIPLE 211,072158,577
  
98,52193,484
CUMULATIVE EFFECT OF FY97 CHANGE IN ACCOUNTING PRINCIPLE-

7,214

  
-

2,040

RESTATED FUND EQUITY, BEGINNING OF YEAR 211,072

165,791

  
98,521

95,524

FUND EQUITY, END OF YEAR $280,314$211,072
  
$106,169 $98,521


The accompanying notes are an integral part of these financial statements.


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