UNIVERSITY CORPORATION FOR ATMOSPHERIC RESEARCH

CONSOLIDATED STATEMENT OF PROGRAM FUNDING AND EXPENDITURES

ELEVEN MONTHS ENDED AUGUST 31, 2000



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

 

 

As of
8/31/00

As of
8/31/99

As of
8/31/98

By Source:

NSF Regular (1)

77,214   66,229   55,972

NSF Named Programs (2)

23,971   21,114   21,303

NSF Special & Grants (3)

6,595   7,637   8,001

Total NSF

107,780   94,980   85,276

NOAA

24,517   21,978   19,903

NASA

17,287   20,035   17,596

FAA

8,810   8,039   5,597

DOD

8,332   7,173   6,512

EPA

1,283   1,598   1,885

DOE

5,038   4,233   3,846

Foreign  5,821   4,542   4,472
Commercial  12,969   2,266   1,114
University  4,125   5,147   2,468

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

5,457   4,301   3,632

TOTAL (5)

201,419   174,292   152,301

By UCAR Entity:

NCAR

135,646   125,566   114,645

UCAR Office of Programs

45,720   42,584   34,637

All Other (1)(4) 

20,053   6,142   3,019

         

TOTAL (5)

201,419   174,292   152,301

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

(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.                 

(4) Includes equity and cash value of sale of WITI Corp., a UCAR Foundation Subsidiary, to Lifeminders.com.                 

(5) Includes uncommitted and committed carryover of $45.4M and $20.9M for FY00, $35.4M and $12.5M for FY99, and $30M and $11.9M for FY98.

 

 


 

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

 

 

 

 

Funding Received (a)

Expenditures/
Commitments

Funds Programmed
But Not Yet
Committed

Projected
Funds to be
Received

 



 

By Entity:

 

NCAR

135,646 109,497 26,149

16,248  

UCAR Office of Programs (b)

45,720 35,316 10,404

13,069  

UCAR Foundation

10,042 187 9,855

   

Other

10,011 2,315 7,696

   

 

TOTAL

201,419 147,315 54,104

29,317

 



 

 

 

By Funding Source:

 

NCAR:

 

NSF Regular

53,711 46,419 7,292

   

NSF Named Programs

23,950 20,713 3,237

   

NSF Special & Grants

6,198 5,461 737

10,398 (d)

NASA

13,152 8,963 4,189

1,937  

NOAA

4,172 2,548 1,624

1,132  

DOD

6,680 5,687 993

428  

FAA

8,610 7,858 752

289  

EPA

808 427 381

57  

DOE

4,181 2,700 1,481

243  

Foreign

5,199 3,787 1,412

130  

Commercial

2,683 1,348 1,335

1,524  

University

3,105 2,272 833

50  

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

3,197 1,314 1,883

60  



Subtotal

135,646 109,497 26,149

16,248

 

UCAR Office of Programs:

NSF

14,776 11,466 3,310

8,056

NOAA

20,302 15,975 4,327

4,364

NASA

3,870 2,633 1,237

 

DOD

1,740 1,289 451

 
DOE 824 579 245  

Foreign

610 246 364

20

University

1,021 730 291

409

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

2,577 2,398 179

220



Subtotal

45,720 35,316 10,404

13,069

UCAR Foundation:

10,042

187 9,855 (c)

Other:

NSF

9,127 2,762 6,365

NASA

266 161 105

Non-NSF

618 (608) 1,226

Subtotal

10,011

2,315 7,696

0

TOTAL

201,419

147,315 54,104

29,317



 

 

 

 

 

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

(b) Includes UNIDATA, JOSS, DLESE, VSP, COMET, IITA, COSMIC and GST.                      

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

(d) Includes $8.5M of funding for HAIPER.

 

 

 

 

 

UNIVERSITY COPORATION FOR ATMOSPHERIC RESEARCH

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

By Funding Source  
 

Total: $201.4

(In Millions of Dollars)

 

 

 

 

 

 

 

By UCAR Entity  
 

Total: $201.4

(In Millions of Dollars)

*Other includes $5.8M from foreign sources, $4.1M from university sources,

$13.0M 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 August 1999

 

 

By Funding Source  
 

Total: $174.3

(In Millions of Dollars)

 

 

 

 

 

 

 

By UCAR Entity  
 

Total: $174.3

(In Millions of Dollars)

*Other includes 4.5M from foreign sources, $5.1M from university sources,

$2.3M from commercial sources, and the remainder from 20 other funding sources.

 

 


 

UNIVERSITY CORPORATION FOR ATMOSPHERIC RESEARCH  

Statement of General Fund Revenues and Expenses  

Eleven Months Ended 31 August 2000

 

Actual
11 Months
Ended 8/31/00

Projected
FY2000

 

Unrestricted General Fund Balance, 10/1 (Actual)

$13,890,364   $13,890,364

Revenues:

Government Fees:

NOAA

431,251   700,000

NSF

75,000   75,000

Other Agencies-Through NSF Coop. Agreement

385,065   700,000

Other Agencies-Direct Contracts

397,021   450,000



Subtotal Government Fees

1,288,337   1,925,000



Other Direct Fees:

WITI Contracts

42,697   45,000

Other Direct Contracts

260,638 (1) 350,000



Subtotal Other Direct Fees

303,335   395,000



Subtotal Fees- All Sources

1,591,672   2,320,000



Interest Income

620,422   534,000

Dividend & Capital Gain Income

615,514   320,000

Recognition of Unrealized Gains (Losses)

1,067,787   480,000

Membership Revenues

50,000   43,000

Condo Receipts

5,550   5,000

FL4 Rental Revenue (Grasp, WITI, CU)

91,156   91,000

WITI Interest Revenue

44,636   50,000

467,071    

Other

2,275   25,000

Total Revenues

4,556,083   3,863,000



Expenses:

Lewis Burke & Associates   30,275   35,000

Corporate Representation Allowances   69,416   96,000

Audit Adjustments/Bad Debt Adjustmet   (12,579)   3,000

Lobbying Expenses   9,854   12,000

Artowski Award Match   30,000   30,000

Science Store (net)   25,475   25,000

Vehicle Operating Costs   36,629   12,800

FL4 Rental Expenses   73,691   101,000

Condo Expenses   14,170   13,000

Tech Transfer Distribution to Employees       22,500

NCAR 40th Anniversary/HAO 60th Anniversary   44,226   20,000

Science & Technology Opportunity/Risk Mitigation (STORM)    26,378   400,000

Windows to Universe   50,000    

Women Scientist Support   8,572    

Salary Bonuses   42,101   20,000

Other   3,383   6,100



Total Expenses

451,590   796,400



Transfers:  

Internal Transfer

(449,000)    

Depreciation & writeoffs of Indirect Cost Equipment

(54,265)   (55,000)


 


 

Net Increase in Fund Balance

4,607,759   3,121,600


 


 

Unrestricted General Fund Balance, End of Period

$18,498,123   $17,011,964

 


 


 

(1)- Includes fees from Taiwan Contract of $104,000, $31,300 for Lockheed, $16,000 HIRDLS and many other foreign, university, and commercial contracts.     


 

UNIVERSITY CORPORATION FOR ATMOSPHERIC RESEARCH 

Investments

Annualized Effective Return

Maturity Date  

8/31/00
Market Value (a)

8/31/99 Market Value (a)

 


 



 


Restricted Investments:

 

 

 

 

 

 

Money Market Funds 5.23%   N/A

4,718,439   4,050,243
Mortgage Backed Obligations Various   Various

    305,741
Asset Backed Obligations Various   Various

1,616,641   1,246,873
US Treasury Notes Various   Various

1,037,405   310,218
Agency Obligations Various   Various

2,038,412   792,947
Agency Pass-Through Various   11/5/03

271,997   206,570
Corporate Bonds/Notes Various   Various

913,065   1,145,844


 


 

Total Restricted Investments

10,595,958   8,058,436

 


 


 

Unrestricted Investments:

UCAR Foundation Money Market Funds

2,021,212

L/T Fixed Income Obligations:

Mortgage Backed Obligations Various   Various

    54,852
Asset Backed Obligations Various   Various

    223,697
US Treasury Notes N/A   11/5/03

174,352   37,060
Agency Obligations Various   Various

    205,572
Agency Pass-Through Various   Various

    55,655
Corporate Bonds/Notes Various   Various

    142,260
Guaranteed Investment Contract 8.92%   12/1/13

3,150,000   3,150,000
Vanguard Inflation Protected Securities N/A   N/A

753,698    
Vanguard Fixed Income -GNMA Portfolio 8.50%   6.00%

1,060,199   977,130



Subtotal

7,159,461   4,846,226


 


Equities:

(1)

(2)

Vanguard Index 500 16.50%

20.70%

3,188,077   3,758,218
Vanguard Windsor II 6.85%*

N/A

803,129    
Vanguard Wellington 3.60%

9.10%

628,689   503,113
Vanguard Extended Market Index Fund N/A

N/A

1,023,548    
T. Rowe Price Equity Income 0.50%

8.50%

1,044,718   831,048
Fidelity Growth & Income 13.10%

17.40%

955,700   636,575
Cohen & Steers Realty Shares 18.00%

3.10%

564,603   399,979
Acorn 28.80%

17.10%

1,054,460   768,086
Dreyfus Small Co. Value 21.60%

7.70%

510,919   420,072
Common Fund Private Equity III 27.05**%

N/A

218,017   83,010
Vanguard International Growth 18.70% 11.90% 547,613   461,416
Janus Worldwide 52.60% 30.80% 2,313,151   1,218,091



Subtotal

12,852,625   9,079,608

 


 


 



Total Unrestricted Investments

20,012,086   13,925,834


 




Total Corporate Investments

30,608,044   21,984,270

  



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

14.08%

13.18%

Average Total Return on Domestic Equities

10.94%

13.84%

Russell 2000

27.15%

9.57%
Average Total Return on Cash Equivalents

6.01%

5.42%

91 day T-Bills

5.70%

5.26%
Average Total Return on Fixed Income Obligations

6.05%

6.21%

Lehman 1-3 yr.

5.71%

5.63%
Average Total Return on International Equities

45.12%

28.32%

MSCI-EAFE

9.55%

11.19%

S&P 500

16.33%

20.69%

(1) Total return for past 12 months.

 

* Annualized since inception.

(2) Total annualized return since held by UCAR.

 

** IRR since 12/31/98 to 12/31/99


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