University of Oregon 2019 Annual Financial Report
Notes to the Financial Statements
For the Year Ended June 30, 2019 (dollars in thousands)
7. Operating Leases
A. Receivables-Revenues
The UO receives income for land, property, and
equipment that is leased to external entities. Rental
income received from leases was $2,882 and $2,932
for fiscal years 2019 and 2018, respectively. The
original cost of assets leased, net of depreciation, was
$24,597 and $25,344 for fiscal years 2019 and 2018,
respectively. Minimum future lease revenues for
noncancelable operating leases at June 30, 2019, were:
For the year ending June 30,
Currency Forward Purchases
OPEB Related Items
Pension Related Items
Total Deferred Outflows of Resources
June 30,
June 30,
2019
2018
$
438
$
289
3,049
116,825
2,575
109,345
$ 120,312 $ 112,209
9. Accounts Payable and Accrued Liabilities
Accounts payable and accrued liabilities comprised the
following:
2020
2021
2022
2023
2024
2025-2029
2030-2034
2035-2039
2040-2044
2045-2049
2050-2054
2055-2059
2060-2064
2065 and after
Total Minimum Operating Lease Revenues
June 30,
June 30,
2019
2018
$
1,542
1,255
Services and Supplies
$
44,072 $
30,794
1,034
666
Accrued Interest
15,092
15,800
Contract Retainage Payable
6,023
3,057
538
$
65,187 $
1,524
49,651
1,010
683
770
672
83
83
83
42
$
9,985
B. Payables Expenses
The UO leases building and office facilities and other
equipment under operating leases. Total costs for such
leases and rents were $6,291 and $6,614 for fiscal
years 2019 and 2018, respectively. At June 30, 2019,
minimum future lease payments for noncancelable
operating leases were:
For the year ending June 30,
2020
$
5,230
2021
3,913
2022
2,963
2023
2,462
2024
2,330
2025-2029
7,452
2030-2034
2,386
Total Minimum Operating Lease Payments $
26,736
8. Total Deferred Outflows of Resources
Deferred outflows of resources are consumptions of
the UO's net position that are applicable to a future
reporting period. The following table presents total
deferred outflows of resources:
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