UNIVERSITY OF VERMONT AND STATE AGRICULTURAL COLLEGE
(a component unit of the State of Vermont)
STATEMENT OF CHANGES IN FUND BALANCES Exhibit B
for the year ended June 30, 1996
(with comparative totals for 1995)
(in thousands of dollars)
Current Current Endowment 1996 1995
Unrestricted Restricted Loan and Similar Plant Total Total
REVENUES AND OTHER ADDITIONS
Tuition and fees 114,586 824 115,410 108,296
Federal appropriations 44,981 34 172 45,187 46,136
Vermont State appropriations for:
General University 26,346 26,346 25,742
University capital projects 8,193 8,193 4,302
Vermont State grants 5,464 5,464 5,905
Other states 382 382 535
County and municipal grants 98 98 123
Private gifts and grants 1,823 22,118 96 4,001 341 28,379 29,250
Endowment income 648 3,535 235 4,418 3,984
Income from short term investments 3,447 696 4,143 3,276
Net realized gains from sale of
investments and real property 9,262 (73) 9,189 3,810
Sales and services of educational activi 3,440 3,440 2,910
Sales and services of auxiliary enterpri 28,011 28,011 26,825
Recovery of indirect costs 10,469 (10,469)
Interest received on student loan notes 715 715 664
Change in unrealized investment apprecia (279) 389 5,944 (26) 6,028 10,639
Other sources 10,489 1,450 54 1,161 13,154 12,491
Total revenues and other additions 199,362 67,566 1,134 19,207 11,288 298,557 284,888
EXPENDITURES AND OTHER DEDUCTIONS
Educational and general expenditures (161,852) (65,877) (227,729) (218,151)
Auxiliary enterprises expenditures (22,700) (538) (23,238) (22,498)
Plant expenditures and debt retirement (3,586) (3,586) (3,942)
Interest on indebtedness (1,203) (1,203) (1,367)
Depreciation (6,803) (6,803) (6,489)
Provision for doubtful loans, cancellations
and notes returned to U.S. Government (227) (227) (197)
Other deductions, refunds, amortization (392) (128) (276) (88) (884) (783)
Total expenditures and other deductions (184,552) (66,807) (355) (276) (11,680) (263,670) (253,427)
TRANSFERS
Mandatory (5,544) 1,381 7 (1,359) 5,515
Other (4,824) (193) 922 368 3,727
Total transfers (10,368) 1,188 929 (991) 9,242
Net increase for the year 4,442 1,947 1,708 17,940 8,850 34,887 31,461
Fund balances, beginning of the year 14,191 18,395 29,376 119,320 113,253 294,535 263,074
Fund balances, end of the year 18,633 20,342 31,084 137,260 122,103 329,422 294,535
The accompanying notes are an integral part of the
financial statements.