FY22 financial report print.indd

Virginia Tech Financial Report 2021-2022

Long-term Debt Payable Activity As of June 30, 2022 (all dollars in thousands)

Beginning Balance (restated)

Ending Balance

Current Portion

Additions

Retirements

Bonds payable Section 9(c) general obligation revenue bonds

$

188,792 $

- $

12,399 $

176,393 $

12,818 2,650 5,525

Section 9(d) revenue bonds

84,576 165,632 11,520

- - -

2,743 7,352

81,833 158,280 11,050

Notes payable

Finance purchase obligations Total long-term debt payable

470

490

$

450,520 $

- $

22,964 $

427,556 $

21,483

Future Principal Commitments For fiscal years subsequent to 2022 (all dollars in thousands)

Finance Purchase Obligations

Total Long-term Debt Payable

Section 9(c) Bonds

Section 9(d) Bonds

Notes Payable

2023 2024 2025 2026 2027

$

12,818 $

2,650 $

5,525 $

490 $

21,483 31,184 31,945 32,395 32,667 135,971 83,670 34,505 23,736 427,556

13,304 13,445 13,985 14,507 49,821 28,280 16,170 14,063

4,475 4,870 4,745 4,910 26,605 22,345 8,860 2,373

12,890 13,100 13,105 12,665 56,210 28,940 8,545 7,300

515 530 560 585

2028-2032 2033-2037 2038-2041

3,335 4,105

930

Unamortized premiums (discounts) Total future principal requirements

-

$

176,393 $

81,833 $

158,280 $

11,050 $

Future Interest Commitments For fiscal years subsequent to 2022 (all dollars in thousands)

Finance Purchase Obligations

Total Long-term Debt Payable

Section 9(c) Bonds

Section 9(d) Bonds

Notes Payable

2023 2024 2025 2026 2027

$

5,258 $

2,288 $

4,631 $

482 $

12,659 11,693 10,629 9,569 8,454 26,931 9,862 1,396 91,193

4,747 4,210 3,673 3,108 8,464 2,974

2,181 2,038 1,899 1,742 6,651 2,557

4,308 3,940 3,583 3,218 10,287 3,565

457 441 414 386

2028-2032 2033-2037 2038-2041

1,529

766

610

449

295

42

$

33,044 $

19,805 $

33,827 $

4,517 $

Total future interest requirements

Future Principal Commitments by System For fiscal years subsequent to 2022 (all dollars in thousands)

Finance Purchase Obligations

Total Long-term Debt Payable

Section 9(c) Bonds

Section 9(d) Bonds

Notes Payable

Athletic system Principal

$

- $

35,505 $

- $

- $

35,505

Unamortized premiums (discounts)

- -

(3)

- -

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

(3)

Total for athletic system

35,502

35,502

Dormitory and dining hall system Principal Unamortized premiums (discounts) Electric service utility system Principal Total for utility system University services system Principal Unamortized premiums (discounts) Unamortized premiums (discounts) Total for university services system

145,163 12,335 157,498

38,355 2,246 40,601

17,675 1,193 18,868

201,193 15,774 216,967

Total for dormitory and dining hall system

- - - - - -

3,230

225

3,455

99

7

106

3,329

232

3,561

2,370

41,035 1,605 42,640 58,935 2,805 61,740 92,045 4,495 96,540

43,405 1,636 45,041 283,558 17,513 301,071

31

2,401

All systems Principal

145,163 12,335 157,498 17,167 1,728 18,895

79,460 2,373 81,833

Unamortized premiums (discounts)

Total for all systems

Other nonsystem debt Principal

- - -

11,050

120,262

Unamortized premiums (discounts) Total for other nonsystem debt

-

6,223

11,050

126,485 427,556

$

176,393 $

81,833 $

158,280 $

11,050 $

Total future principal requirements

29

Notes to Financial Statements