University of Oregon 2019 Annual Financial Report
Notes to the Financial Statements
For the Year Ended June 30, 2019 (dollars in thousands)
10. Long-Term Liabilities
Long-term liability activity was as follows:
Balance
July 1,
Balance
June 30,
Amount Due
Within One
2018
Additions Reductions
2019
Year
Long-Term
Portion
Long-Term Payment Obligations
State of Oregon Note Payable
$ 483,418
$ (18,341) $ 465,077
$
18,568
$ 446,509
University of Oregon Revenue Bonds
170,000
170,000
170,000
UO Revenue Bonds premiums/discounts
29,116
(1,024)
28,092
1,024
27,068
Oregon Department of Energy Loans (SELP)
36,536
(1,955)
34,581
2,053
32,528
PERS Pre-SLGRP Pooled Liability
Capital Leases
25,746
(1,980)
23,766
2,254
21,512
48,713
(1,117)
47,596
1,172
46,424
Total Long-Term Payment Obligations
793,529
(24,417)
769,112
25,071
744,041
Other Noncurrent Liabilities
Compensated Absences
Employee Deferred Compensation
Employee Termination Liabilities
Unearned Revenue
Total Other Noncurrent Liabilities
Total Long-Term Liabilities
26,747
18,836
(16,939)
28,644
27,101
1,543
9,560
809
(2,002)
8,367
1,967
6,400
1,717
1,717
750
967
1,987
(117)
1,870
38.294
21,362
(19,058)
40,598
117
29,935
1,753
10,663
$
55,006 $ 754,704
$ 831,823 $ 21,362 $ (43,475) $ 809,710
Balance
July 1,
2017
Additions Reductions
Balance
June 30,
2018
Amount Due
Within One
Year
Long-Term
Portion
Long-Term Payment Obligations
State of Oregon Note Payable
University of Oregon Revenue Bonds
UO Revenue Bonds premiums/discounts
Oregon Department of Energy Loans (SELP)
PERS Pre-SLGRP Pooled Liability
Capital Leases
$ 501,837 $
$ (18,419) $ 483,418
$
18,341
$ 465,077
110,000
19,158
60,000
10,693
170,000
170,000
(735)
29,116
1,024
28,092
38,423
(1,887)
36,536
1,968
34,568
27,357
(1,611)
25,746
1,611
24,135
49,783
(1,070)
48,713
1,117
47,596
Total Long-Term Payment Obligations
746,558
70,693
(23,722) 793,529
24,061
769,468
Other Noncurrent Liabilities
Compensated Absences
Employee Deferred Compensation
Employee Termination Liabilities
Unearned Revenue
Total Other Noncurrent Liabilities
Total Long-Term Liabilities
Other Postemployment Benefits
Total Long-Term Liabilities
21,818
53,060
(48,131)
26,747
25,158
1,589
10,473
(913)
9,560
1,899
7,661
867
2,104
(867)
35,262
53,060
(117)
(50,028)
1,987
117
38,294
27,174
1,870
11,120
$ 781,820 $ 123,753 $ (73,750) $ 831,823
$
51,235
$ 780,588
6,472
$ 788,292
With the implementation of GASB 75, the category Other Postemployment Benefits is now in another noncurrent
liabilities classification called Net Pension & OPEB Liabilities. Refer to Note 14. Other Postemployment Benefits.
2019 Annual Financial Report | 33View entire presentation