EXHIBIT B

UNIVERSITY OF NORTH TEXAS

STATEMENT OF CHANGES IN FUND BALANCES

Year Ended August 31, 1999

(With Comparative Totals August 31, 1998)

UNAUDITED

C U R R E N T F U N D S

P L A N T F U N D S

U N R E S T R I C T E D F U N D S

TOTAL

AUXILIARY

ENDOWMENT &

RENEWALS &

RETIREMENT OF

INVESTMENT IN

(MEMORANDUM ONLY)

GENERAL

DESIGNATED

ENTERPRISES

TOTAL

RESTRICTED

LOAN FUNDS

SIMILAR FUNDS

UNEXPENDED

REPLACEMENTS

INDEBTEDNESS

PLANT

1999

1998

$

$

$

$

$

$

$

$

$

$

$

$

$

FUND BALANCES, September 1, 1998

19,527,057.36

16,010,398.37

9,909,238.97

45,446,694.70

10,737,001.11

4,534,059.19

7,245,360.22

5,315,660.57

9,328,504.90

14,701,030.53

312,888,341.13

410,196,652.35

389,378,564.70

Restatements at 9-1-97

0.00

0.00

1,906,779.95

Restated Beginning Balance

19,527,057.36

16,010,398.37

9,909,238.97

45,446,694.70

10,737,001.11

4,534,059.19

7,245,360.22

5,315,660.57

9,328,504.90

14,701,030.53

312,888,341.13

410,196,652.35

391,285,344.65

REVENUES AND OTHER ADDITIONS

Unrestricted Current Funds Rev. (Exh. C)

155,557,953.78

41,579,320.59

33,870,720.80

231,007,995.17

231,007,995.17

216,512,929.45

Bond Proceeds on Sale of Bonds

0.00

23,040,000.00

601,707.80

23,641,707.80

546,235.01

Federal Grants and Contracts

0.00

17,604,007.20

159,786.00

17,763,793.20

13,042,979.55

Fed Pass-Thru Grants from St Agencies

0.00

874,512.84

874,512.84

385,990.00

State Grants and Contracts

0.00

2,899,426.00

2,899,426.00

2,177,166.76

State Pass-Thru Grants from St Agencies

0.00

80,628.80

80,628.80

Private Gifts, Grants, Contracts

0.00

8,372,453.01

466,352.90

8,838,805.91

6,833,796.17

Net Inc/(Dec) Fair Value of Inv.

0.00

-132,530.05

-31,622.92

1,084,177.57

-158,449.97

-34,098.70

-151,247.97

576,227.96

340,198.31

Other Investment Income

0.00

80,115.48

78,929.38

285,074.03

1,171,968.52

1,616,087.41

1,950,011.75

Endowment Income

0.00

263,343.27

86,039.43

349,382.70

359,501.34

Interest on Loans Receivable

0.00

77,119.91

77,119.91

69,029.29

Net Change in Bonds Payable

0.00

3,860,000.00

3,860,000.00

2,970,000.00

Expended for Plant Facilities (Includes

0.00

$8,224,724.65 charged to Curr. Fund Expend)

0.00

17,841,063.15

17,841,063.15

26,854,523.87

Prior Year Adjustment

0.00

0.00

13,890.50

Net Decrease in Lease Payables

0.00

100,195.02

100,195.02

25,501.10

Other Additions to Plant Facilities

0.00

3,577,848.92

3,577,848.92

1,976,484.45

Reclassify from Agency Funds

0.00

8.07

10,000.00

10,008.07

114,673.85

Adjustment for Contract and Grant Awards

0.00

-6,998,974.53

-6,998,974.53

1,638,398.63

Other

0.00

9,048.34

471,237.68

480,286.02

462,081.14

TOTAL REVENUES AND OTHER ADDITIONS

155,557,953.78

41,579,320.59

33,870,720.80

231,007,995.17

23,042,990.09

124,426.37

1,170,217.00

23,175,672.40

442,254.20

2,253,452.03

25,379,107.09

306,596,114.35

276,273,391.17

EXPENDITURES AND OTHER DEDUCTIONS

Expenditures

137,022,881.63

33,324,086.04

32,624,536.43

202,971,504.10

25,620,112.52

228,591,616.62

214,149,279.98

Expended for Plant Facilities

0.00

2,864,710.27

10,273,849.47

13,138,559.74

29,689,563.90

Lapsed Appropriations

504,050.60

504,050.60

504,050.60

0.00

Indirect Costs Recovered

0.00

1,084,488.58

1,084,488.58

811,719.09

Loan Cancellations and Write-Offs

0.00

20,099.84

20,099.84

25,247.39

Administrative and Collection Costs

0.00

0.00

0.00

Retirement of Indebtedness and Expense:

0.00

Bonds

0.00

3,860,000.00

3,860,000.00

2,970,000.00

Reduction in Perkins Loan Allocation

0.00

0.00

0.00

Net Increase in Bonds Payable

0.00

20,139,001.35

3,502,706.45

23,641,707.80

546,235.01

Int & Other Financing Chgs/Fees-Indebtedness

0.00

2,477,983.70

2,477,983.70

2,251,258.20

Net Increase in Lease Payable

0.00

0.00

0.00

Disposal of Plant Facilities

0.00

3,933,847.70

3,933,847.70

1,134,644.29

Reclassification to Agency Funds

5,925.00

5,925.00

5,925.00

23,349.01

Reclassification to UNT Foundation

0.00

53,965.60

53,965.60

9,140.00

Prior Year Adj

41,519.25

41,519.25

41,519.25

165,962.79

Other

0.00

18,697.85

725,660.70

1,080,738.11

1,825,096.66

5,585,683.81

TOTAL EXPENDITURES AND OTHER DEDUCTIONS

137,568,451.48

33,330,011.04

32,624,536.43

203,522,998.95

26,704,601.10

38,797.69

53,965.60

23,003,711.62

10,273,849.47

7,063,644.40

8,517,292.26

279,178,861.09

257,362,083.47

TRANSFERS AMONG FUNDS (Additions/-Deductions)

Mandatory -

Skiles Act Funds from Tuition

-302,611.60

-302,611.60

302,611.60

0.00

0.00

Loan Funds from Tuition

-9.87

-9.87

9.87

0.00

0.00

Principal and Interest (Debt Service)

-2,677,925.00

-1,710,935.91

-4,388,860.91

4,388,860.91

0.00

0.00

Non-Mandatory -

Designated Tuition

-3,073,619.80

1,116,879.40

-1,956,740.40

1,786,531.11

170,209.29

0.00

0.00

Scholarship Funds from Tuition

-3,465,954.17

3,465,954.17

0.00

0.00

0.00

HEAF

-11,466,593.55

0.00

-11,466,593.55

500,000.00

10,966,593.55

0.00

0.00

Other

267,035.35

-1,091,012.75

985,024.38

161,046.98

226,126.03

1,250,000.00

59,509.54

-4,498,838.55

3,975,119.63

-1,172,963.63

0.00

0.00

TOTAL TRANSFERS AMONG FUNDS

-17,646,058.84

-698,678.38

390,967.87

-17,953,769.35

2,012,657.14

1,250,009.87

59,509.54

-3,998,838.55

15,111,922.47

3,518,508.88

0.00

0.00

0.00

Net Increase/-Decrease for the Year

343,443.46

7,550,631.17

1,637,152.24

9,531,226.87

-1,648,953.87

1,335,638.55

1,175,760.94

-3,826,877.77

5,280,327.20

-1,291,683.49

16,861,814.83

27,417,253.26

18,911,307.70

FUND BALANCES, Aug 31, 1999 (Exh. A)

19,870,500.82

23,561,029.54

11,546,391.21

54,977,921.57

9,088,047.24

5,869,697.74

8,421,121.16

1,488,782.80

14,608,832.10

13,409,347.04

329,750,155.96

437,613,905.61

410,196,652.35

(Sch B-2)

(Sch B-3)

(Sch B-4)

(Sch B-5)

(Sch B-6)

(Sch B-8)

(Sch B-9)

(Sch B-10)

(Sch B-11)

See accompanying Summary of Significant Accounting Policies and Notes to the Financial Statements.