1998 Financial Statements - Statement of Revenues, Expenditure and Changes in Fund Equities, Loan and Endowment and Annuity 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)


     

LOAN

  
ENDOWMENT & ANNUITY

     
1998

1997

  
1998

1997

REVENUES AND OTHER ADDITIONS
Educational and general:
  
Tuition, fees and other student charges
$- $-
  
$- $-
State appropriations
--
  
- -
Federal support
137140
  
- -
Other state support
--
  
- -
Local support
- -
  
- -
Private support
883
  
34,561 39,832
Investment income
388451
  
20114
Net appreciation (depreciation) in fair value of
investments
--
  
134,38493,617
Sales and services
--
  
--
Other sources
-
-
  
-
-
Auxiliary enterprises--
  
- -
Hospitals--
  
- -
Interest and penalties on loans receivable2,4681,940
  
- -
Plant fund additions--
  
- -
Retirement of indebtedness-

-

  
-



TOTAL REVENUES AND OTHER ADDITIONS 3,001

2,614

  
169,146

133,463




EXPENDITURES AND OTHER DEDUCTIONS
Educational and general expenditures - -
  
- -
Auxiliary enterprises expenditures - -
  
- -
Hospitals expenditures --
  
- -
Administrative and collection 1,089 1,160
  
- -
Indirect costs recovered - -
  
- -
Refunded to grantors - -
  
- -
Provision for uncollectible loans 230 545
  
- -
Payment to annuitants - -
  
437 679
Expended for plant facilities - -
  
- -
Retirement of indebtedness (including interest) - -
  
- -
Disposal of plant facilities -

-

  
-

-

TOTAL EXPENDITURES AND OTHER DEDUCTIONS 1,319

1,705

  
437

679

TRANSFERS AMONG FUNDS - ADDITIONS/(DEDUCTIONS)
Mandatory1621
  
- -
Non-mandatory -

-

  
(6,616)

(10,739)

TOTAL TRANSFERS16

21

  
(6,616)

(10,739)

NET INCREASE FOR THE YEAR1,698

930

  
162,093

122,045

FUND EQUITY, BEGINNING OF YEAR BEFORE CUMULATIVE EFFECT OF CHANGE IN ACCOUNTING PRINCIPLE 62,89461,964
  
755,174633,129
CUMULATIVE EFFECT OF FY97 CHANGE IN ACCOUNTING PRINCIPLE-

-

  
-

-

RESTATED FUND EQUITY, BEGINNING OF YEAR 62,894

61,964

  
755,174

633,129

FUND EQUITY, END OF YEAR $64,592$62,894
  
$917,267 $755,174


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


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