Annual Financial Report 2024 2025

Virginia Tech Financial Report 2024-2025

Long-term Debt Payable Activity As of June 30, 2025 (all dollars in thousands)

Beginning Balance

Ending Balance

Current Portion

Additions

Retirements

Bonds payable Section 9(c) general obligation revenue bonds

$

246,189 $

4,179 $

21,914 $

228,454 $

16,859 4,320 15,805

Section 9(d) revenue bonds

74,343 241,386 10,045 571,963

36,593

43,139 16,760

67,797 224,626

Notes payable

- -

Finance purchase obligation

530

9,515

560

$

530,392 $

37,544

Total long-term debt payable Less current year debt defeasance

40,772 40,772

82,343 $

42,467 39,876

$

- $

Total additions and retirements, net of current year defeasance

Future Principal Commitments For fiscal years subsequent to 2025

Section

Section

Notes Payable

Finance Purchase

Total Long-term Debt Payable

9(c) Bonds

9(d) Bonds

Obligations

(all dollars in thousands)

2026 2027 2028 2029 2030

$

16,859 $

4,320 $

15,805 $

560 $

37,544 38,074 36,835 36,470 34,390 142,760 104,185 39,355 21,500 7,910 31,369 530,392

17,524 16,735 15,840 13,135 53,345 53,210 16,285 7,685 3,630 14,206

4,470 4,630 4,790 4,965 28,075 10,730 2,300

15,495 14,865 15,200 15,620 57,560 37,570 20,770 13,815 4,280 13,646

585 605 640 670

2031 - 2035 2036 - 2040 2041 - 2045 2046 - 2050 2051 - 2053

3,780 2,675

- - - -

- -

Unamortized premiums (discounts) Total future principal requirements

3,517

$

228,454 $

67,797 $

224,626 $

9,515 $

Future Interest Commitments For fiscal years subsequent to 2025

Section

Section

Notes Payable

Finance Purchase

Total Long-term Debt Payable

9(c) Bonds

9(d) Bonds

Obligation

(all dollars in thousands)

2026 2027 2028 2029 2030

$

8,051 $

2,224 $

7,666 $

414 $

18,355 16,966 15,499 14,147 12,713 46,573 23,795 9,833 4,031

7,340 6,572 5,977 5,339 20,142 11,505 4,265 2,074

2,079 1,924 1,758 1,582 4,891

7,161 6,637 6,077 5,489 20,451 11,103 5,539 1,957

386 366 335 303

2031 - 2035 2036 - 2040 2041 - 2045 2046 - 2050 2051 - 2053

1,089

943

244

29

- - -

- -

274

261

535

$

71,539 $

15,430 $

72,341 $

3,137 $

162,447

Total future interest requirements

Future Principal Commitments by System For fiscal years subsequent to 2025

Section

Section

Notes Payable

Finance Purchase

Total Long-term Debt Payable

9(c) Bonds

9(d) Bonds

Obligations

(all dollars in thousands)

Athletic system Principal

$

- $

31,780 $

- $

- $

31,780

Unamortized premiums (discounts)

- -

36

- -

- - - - - - - - - - - - - -

36

Total for athletic system

31,816

31,816

Dormitory and dining hall system Principal Unamortized premiums (discounts)

171,561 11,803 183,364

28,400 3,042 31,442

15,355

215,316 15,843 231,159

998

Total for dormitory and dining hall system

16,353

Electric service utility system Principal

- - - - - -

2,365

- - -

2,365

Unamortized premiums (discounts)

253

253

Total for utility system

2,618

2,618

University services system Principal

1,735

74,505 4,762 79,267 89,860 5,760 95,620

76,240 4,948 81,188 325,701 21,080 346,781 173,322 10,289 183,611

Unamortized premiums (discounts) Total for university services system

186

1,921

All systems Principal

171,561 11,803 183,364 42,687 2,403 45,090

64,280 3,517 67,797

Unamortized premiums (discounts)

Total for all systems

Other nonsystem debt Principal

- - -

121,120

9,515

Unamortized premiums (discounts) Total for other nonsystem debt

7,886

-

129,006

9,515

$

228,454 $

67,797 $

224,626 $

9,515 $

530,392

Total future principal requirements

34