1998 Financial Statements - Statement of Revenues, Expenditure and Changes in Fund Equities, Plant 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)


     
PLANT

  
     
1998

1997

  
REVENUES AND OTHER ADDITIONS
Educational and general:
  
Tuition, fees and other student charges
$- $-
  
State appropriations
66,21155,158
  
Federal support
20317
  
Other state support
27180
  
Local support
- -
  
Private support
10,3439,663
  
Investment income
3,4908,483
  
Net appreciation (depreciation) in fair value of
investments
(46)(7)
  
Sales and services
--
  
Other sources
-
-
  
Auxiliary enterprises--
  
Hospitals--
  
Interest and penalties on loans receivable--
  
Plant fund additions258,294199,621
  
Retirement of indebtedness19,477

22,518

  
TOTAL REVENUES AND OTHER ADDITIONS 357,999

295,633

  



EXPENDITURES AND OTHER DEDUCTIONS
Educational and general expenditures - -
  
Auxiliary enterprises expenditures - -
  
Hospitals expenditures --
  
Administrative and collection - -
  
Indirect costs recovered - -
  
Refunded to grantors 190 235
  
Provision for uncollectible loans - -
  
Payment to annuitants - -
  
Expended for plant facilities 217,656 129,683
  
Retirement of indebtedness (including interest) 29,550 31,553
  
Disposal of plant facilities 53,720

23,718

  
TOTAL EXPENDITURES AND OTHER DEDUCTIONS 301,116

185,189

  
TRANSFERS AMONG FUNDS - ADDITIONS/(DEDUCTIONS)
Mandatory31,32328,711
  
Non-mandatory 9,736

49,280

  
TOTAL TRANSFERS41,059

77,991

  
NET INCREASE FOR THE YEAR97,942

188,435

  
FUND EQUITY, BEGINNING OF YEAR BEFORE CUMULATIVE EFFECT OF CHANGE IN ACCOUNTING PRINCIPLE 2,204,1882,015,753
  
CUMULATIVE EFFECT OF FY97 CHANGE IN ACCOUNTING PRINCIPLE-

-

  
RESTATED FUND EQUITY, BEGINNING OF YEAR 2,204,188

2,015,753

  
FUND EQUITY, END OF YEAR $2,302,130$2,204,188
  


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


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