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UNIVERSITY CORPORATION FOR ATMOSPHERIC RESEARCH

CONSOLIDATED STATEMENT OF PROGRAM FUNDING AND EXPENDITURES

EIGHT MONTHS ENDED MAY 31, 2000

 

 

 

 

 

 


UNIVERSITY CORPORATION FOR ATMOSPHERIC RESEARCH
Statement of Program Funding Available by Sponsor and UCAR Entity
(In Thousands of Dollars)

As of
5/31/98

As of
5/31/99

As of
5/31/00

By Source:

NSF Regular (1)

53,393

60,363

75,850

NSF Named Programs (2)

20,757

20,588

23,837

NSF Special & Grants (3)

3,413

6,017

5,375

Total NSF

77,563

86,968

105,062

NOAA

18,384

13,429

18,227

NASA

10,698

16,757

15,934

FAA

5,941

7,481

7,543

DOD

6,379

6,177

7,034

EPA

1,735

1,495

1,283

DOE

3,455

3,609

4,581
Foreign  2,388 3,307 5,753
Commercial  1,038 1,841 4,690
University  1,667 3,276 2,770

Other (Gov't and Non-Gov't)

2,706

3,624

4,565

TOTAL

131,954 147,964 177,442

By UCAR Entity:

NCAR

101,324 114,791 127,161

UCAR Office of Programs

28,419 30,569 38,347

All Other

2,211 2,604 11,934

     

TOTAL

131,954 147,964 177,442

(1) NSF Regular includes NCAR's base or core funding including USWRP and NSWP Initiatives. UOP's funding includes UNIDATA, UNAVCO, Visiting Scientist Program, COMET, IITA, and JOSS. Also includes $8M in ML refurbishment funds at 5/31/00.

(2) Named programs includes the NCAR's High Performance Computing & Communications (HPCC) and the Global Change Research Program (USGCRP) 

(3) Includes all the ATD Deployment Pool funds and HAO's Space Weather, CEDAR, SUNRISE programs. Also includes ATD's FASTEX, SCD's Applied Network Research and Distributed CSL, and numerous others. 


UNIVERSITY CORPORATION FOR ATMOSPHERIC RESEARCH
Statement of Program Funding and Expenditures/Commitments
FYTD 2000
Eight Months Ended May 31, 2000
(In Thousands of Dollars)

Funding Received (a)

Expenditures/
Commitments

Not Yet
Committed

Funds to be
Received



By Entity:

NCAR

127,161 102,698 24,463

5,885

UCAR Office of Programs (b)

38,347 30,458 7,889

21,246

UCAR Foundation

2,214 59 2,155

 

Other

9,720 1,811 7,909

156

   

 

TOTAL

177,442 135,026 42,416

27,287



By Funding Source:

NCAR:

NSF Regular

53,555 45,003 8,552

 

NSF Named Programs

23,833 20,050 3,783

 

NSF Special & Grants

4,978 4,379 599

2,147

NASA

11,293 9,004 2,289

825

NOAA

3,079 2,022 1,057

1,365

DOD

6,099 5,131 968

179

FAA

7,343 6,698 645

543

EPA

808 367 441

101

DOE

3,724 2,549 1,175

337

Foreign

5,185 3,574 1,611

0

Commercial

2,258 1,101 1,157

0

University

2,082 2,022 60

131

Other (Gov't and Non-Gov't)

2,924 798 2,126

257



Subtotal

127,161 102,698 24,463

5,885

UCAR Office of Programs:

NSF

13,781 9,308 4,473

9,491

NOAA

15,105 14,308 797

8,462

NASA

4,383 2,314 2,069

(c)

59

DOD

934 1,074 (140)

1,638
DOE 824 458 366  

Foreign

556 232 324

35

University

688 726 (38)

(c)

856

Other (Gov't and Non-Gov't)

2,076 2,038 38

705



Subtotal

38,347 30,458 7,889

21,246

UCAR Foundation:

2,214 59 2,155

(d)

Other:

NSF

8,915 1,669 7,246

0

NASA

257 121 136

9

Non-NSF

548 21 527

147

Subtotal

9,720 1,811 7,909

156

TOTAL

177,442 135,026 42,416

27,287



(a) Funds received including committed and uncommitted carryover from FY 1999.

(b) Includes UNIDATA, JOSS, TOGA-COARE, VSP, COMET, IITA, OFPS, COSMIC and UNAVCO.

(c) Programs approved but funding not yet received during FY00.

(d) Includes cash proceeds from sale of Weather Information Technologies, Inc. to LifeMinders.com

 

 


 

UNIVERSITY COPORATION FOR ATMOSPHERIC RESEARCH

CONSOLIDATED FY00 FUNDING (AVAILABLE FOR EXPENDITURE)
As of 31 May 2000

By Funding Source  
 

Total: $177.4

(In Millions of Dollars)

 

 

 

 

 

 

 

By UCAR Entity  
 

Total: $177.4

(In Millions of Dollars)

*Other includes $5.7M from foreign sources, $2.8M from university sources,

$4.7M from commercial sources, and the remainder from 15 other funding sources.


 

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