UNIVERSITY COPORATION FOR ATMOSPHERIC RESEARCH
CONSOLIDATED FY99 FUNDING (AVAILABLE FOR EXPENDITURE)
As of 31 May 1999
By Funding Source
Total: $148.0
(In Millions of Dollars)
By UCAR Entity
Total: $148.0
(In Millions of Dollars)
*Other includes 3.3M from foreign sources, $3.3M from university sources,
$1.8M from commercial sources, and the remainder from 18 other funding sources.

UNIVERSITY CORPORATION FOR ATMOSPHERIC RESEARCH
Statement of General Fund Revenues and Expenses
Eight Months Ended 31 May 2000
					Actual 8 Months Ended 5/31/00		Projected FY2000
Unrestricted General Fund Balance, 10/1 (Actual)					$13,890,364		$13,890,364
	Revenues:
		Government Fees:
			NOAA		302,972		700,000
			NSF		75,000		75,000
			Other Agencies-Through NSF Coop. Agreement		316,869		700,000
			Other Agencies-Direct Contracts		344,534		450,000
				Subtotal Government Fees	1,039,374		1,925,000
		Other Direct Fees:
			WITI Contracts		43,120		45,000
			Other Direct Contracts		225,643	(1)	350,000
				Subtotal Other Direct Fees	268,763		395,000
				Subtotal Fees- All Sources	1,308,137		2,320,000
		Interest Income			402,330		534,000
		Dividend & Capital Gain Income			504,929		320,000
		Recognition of Unrealized Gains (Losses)			1,093,023		480,000
		Membership Revenues			49,600		43,000
		Condo Receipts			4,200		5,000
		FL4 Rental Revenue (WITI, CU)			80,608		91,000
		WITI Interest Revenue			31,738		50,000
		Other			17,869		25,000
				Total Revenues	3,492,433		3,863,000
	Expenses:
		Lewis Burke & Associates			22,903		35,000
		Corporate Representation Allowances			56,457		96,000
		Audit Adjustments/Bad Debt Adjustmet			(12,579)		3,000
		Lobbying Expenses			5,924		12,000
		Artowski Award Match			30,000		30,000
		Science Store			20,954		25,000
		Vehicle Operating Costs			5,887		12,800
		FL4 Rental Expenses					101,000
		Condo Expenses			12,765		13,000
		Tech Transfer Distribution to Employees					22,500
		40th Anniversary			26,940		20,000
		Science & Technology Opportunity/Risk Mitigation (STORM)			5,841		400,000
		NCAR Director Search					20,000
		Other			3,295		6,100
				Total Expenses	178,386		796,400
	Transfers:
		Internal Transfer			191,000
		Depreciation & writeoffs of Indirect Cost Equipment			(53,295)		(55,000)
		Net Increase in Fund Balance			3,176,342		3,121,600
Unrestricted General Fund Balance, End of Period					$17,066,706		$17,011,964
(1)- Includes fees from Taiwan Contract of $104,000, $28,000 for Lockheed, $16,000 HIRDLS and many other foreign, university, and commercial contracts.

UNIVERSITY CORPORATION FOR ATMOSPHERIC RESEARCH
Investments
	Annualized Effective Return		Maturity Date		5/31/00 Market Value (a)		5/31/99 Market Value (a)
Restricted Investments:
Money Market Funds	5.23%		N/A		3,910,133		1,466,117
Asset Backed Obligations	Various		Various		1,286,183		463,418
Agency Pass-Through	Various		Various		347,825		528,321
Corporate Notes					1,005,013		1,401,536
US Treasury Sec Stripped	N/A		11/5/03				202,175
Agency Obligations	5.28%		9/14/01		1,080,853		442,310
Total Restricted Investments					7,630,007		4,503,877
Unrestricted Investments:
Money Market Funds			N/A		2,193,947
L/T Fixed Income Obligations:
Asset Backed Obligations	Various		Various		394,962		109,566
US Treasury Notes	N/A		11/5/03		209,540		47,800
Agency Obligations	Various		Various		397,990		104,575
Agency Pass-Through	Various		Various		230,660		124,911
Corporate Bonds/Notes	Various		Various		197,174		290,771
Guaranteed Investment Contract	8.92%		12/1/13		3,150,000		3,150,000
Vanguard Fixed Income -GNMA Portfolio	2.96%		5.69%		1,021,374		992,022
Subtotal					5,601,699		4,819,646
Equities:	(1)		(2)
Vanguard Index 500	10.42%		19.00%		3,442,608		3,693,790
Vanguard Windsor II	6.85%*		N/A		780,827
Vanguard Wellington	0.39%		9.10%		609,854		507,597
T. Rowe Price Equity Income	-1.79%		8.58%		1,036,475		703,578
Fidelity Growth & Income	6.75%		15.38%		887,673		634,658
Cohen & Steers Realty Shares	0.15%		2.43%		513,844		438,096
Acorn	19.42%		16.61%		942,456		621,744
Dreyfus Small Co. Value	15.20%		6.95%		474,947		412,265
Common Fund Private Equity III	27.05**%		N/A		202,723		58,010
Vanguard International Growth	25.51%		12.16%		548,352		436,885
Janus Worldwide	53.53%		34.01%		2,137,238		858,032
Subtotal					11,576,999		8,364,653
Total Unrestricted Investments					19,372,644		13,184,298
Total Corporate Investments					27,002,652		17,688,175
Weighted Average Returns on Corporate Investments Compared to Indices: Last 12 mo. 3 yr. Annualized Last 12 mo. 3 yr. Annualized Average Total Return on Unrestricted Investments 12.79%   12.16% Average Total Return on Domestic Equities 8.40%   13.11% Russell 2000 9.90% 8.70% Average Total Return on Cash Equivalents 5.57%   5.37% 91 day T-Bills 5.52% 5.21% Average Total Return on Fixed Income Obligations 6.52%   6.34% Lehman 1-3 yr. 3.40% 5.42% Average Total Return on International Equities 46.27%   26.67% MSCI-EAFE 14.73% 8.75%             S&P 500   10.48%   20.45%
(1) Total return for past 12 months.		* Annualized since inception.
(2) Total annualized for past 3 years.		** IRR since 12/31/98 to 12/31/99