FY22 financial report print.indd

Virginia Tech Financial Report 2021-2022

Consolidating Schedule of Net Position As of June 30, 2022 (all dollars in thousands)

Current Funds

Loan Funds

Endowment & Similar Funds

Plant Funds

Custodial

Unrestricted Restricted

Funds

Total

Assets Current assets Cash and cash equivalents (Note 4)

$ 242,280 $ 21,302 $ 3,000 $

- $

- $ 13,628 $ 280,210

Accounts and contributions receivable, net (Notes 1, 5, 26)

21,214

65,853

-

- - - - -

- - - - -

- - - - - -

87,067

Notes receivable, net (Notes 1, 6)

206

- - -

907

1,113

Due from Commonwealth of Virginia (Note 10)

18,069 17,626 22,547

- - - -

18,069 17,626 23,318

Inventories

Prepaid expenses

771

Due to (from) other funds

(104,864)

47,529 135,455

(542) (542)

57,877 57,877

-

Total current assets

217,078

3,907

13,628

427,403

Noncurrent assets Cash and cash equivalents (Note 4)

6

- - - - - - - -

- - - - - - - -

356

40,746 13,120

- - - - - - - - - -

41,108 13,120

Due from Commonwealth of Virginia (Note 10) Accounts and contributions receivable, net (Notes 1, 5, 26)

-

-

871

2

2,395

3,268 9,770

Notes receivable, net (Note 1, 6) Long-term investments (Notes 4, 26)

4,413

5,357

-

-

673,686

68,179

35,997 126,812

777,862 126,812

Long-term right-to-use leases, net (Note 15) Depreciable capital assets, net (Notes 7, 26) Nondepreciable capital assets (Notes 7, 26)

- - -

- - - -

1,787,647

1,787,647

365,221

365,221 13,095

Other assets

91

12,804 12,804 148,259

200

Total noncurrent assets

679,067 896,145

5,357 9,264

68,537 67,995

2,372,138 2,430,015

3,137,903 3,565,306

Total assets

13,628

Deferred outflows of resources (Note 24)

96,755

7,875

-

-

3,970

-

108,600

Liabilities Current liabilities Accounts payable and accrued liabilities (Note 8)

115,639 24,648 26,425

19,722

- - - - - - - - -

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

36,938

2,871

175,170 29,503 62,219 10,757 46,449 17,099 21,483

Accrued compensated absences (Notes 1, 16)

4,855

- - -

- -

Unearned revenue (Notes 1, 9)

35,794

Funds held in custody for others

- - - -

- - - -

10,757

Commercial paper (Note 11)

46,449 17,099 21,483

- - - -

Long-term leases payable (Note 15) Long-term debt payable (Notes 12, 13, 26)

Other postemployment benefits liabilities (Notes 16, 20)

2,568

407

-

2,975

Total current liabilities

169,280

60,778

121,969

13,628

365,655

Noncurrent liabilities Accrued compensated absences (Notes 1, 16)

20,309

3,973

-

- -

- - - - - - - -

24,282

Federal student loan program contributions refundable (Note 16)

- - -

- - -

6,240

6,240

Long-term leases payable (Note 15) Long-term debt payable (Notes 12, 13, 26)

- - - - -

104,471 406,073

104,471 406,073 231,055 146,986

Pension liability (Notes 16, 18)

232,238 151,747

(1,183) (4,761)

- - -

Other postemployment benefits liabilities (Notes 16, 20)

Other liabilities

3,124

-

3,124

Total noncurrent liabilities

407,418 576,698

(1,971)

6,240 6,240

510,544 632,513

922,231

Total liabilities

58,807

13,628

1,287,886

Deferred inflows of resources (Note 24) Net position Net investment in capital assets

255,775

4,753

-

-

1,550

-

262,078

- -

- -

- -

-

1,704,367

- -

1,704,367

Restricted, nonexpendable

13,588

-

13,588

Restricted, expendable Scholarships, research, instruction, and other

- - -

92,574

3,024

54,407

-

- - - -

150,005 10,194 85,361 160,427

Capital projects

- - -

- - -

- - -

10,194 85,361

Debt service and auxiliary operations

Unrestricted

160,427

-

$ 160,427 $ 92,574 $ 3,024 $

67,995 $ 1,799,922 $

- $ 2,123,942

Total net position

68

Optional Supplementary Information