Annual Report 2021

No t e s t o Co n s o l i d a t e d F i n a n c i a l S t a t eme n t s J u n e 3 0 , 2 0 2 1 a n d 2 0 2 0 issue and maturity dates. Each series is long-term in nature and restricted for capitalized assets (PP&E). The nature of the amounts capitalized include land, buildings and improvements, and various types of equipment, for numerous projects as part of the university’s capital plan. The amounts capitalized for such projects equal or exceed the amount of attributable LT Debt. Additionally, LT debt obtained for long-term purposes includes liabilities associated with finance leases, which are included in Other Liabilities, current and long-term, within the Consolidated Statements of Financial Position, as detailed in Note 19 (Finance Lease Liabilities). Right-of-use assets associated with Finance Lease Liabilities are included in PP&E (see Note 7). (in thousands) Pre- Implementation Post- Implementation Total LT debt for LT purposes, June 30, 2020 $ 465,547 $ 25,534 $ 491,081 (Note 9) Activity related to Debt: Additions - - - Principal Payments (11,438) (822) (12,260) Amortization (Premium and Issuance Costs) (2,340) 30 (2,310) Total LT Debt, June 30, 2021 $ 451,769 $ 24,742 $ 476,511 (Note 9) Activity related to Finance Lease Liabilities: Additions - 7,774 7,774 Payments - (1,314) (1,314) Modifications - (70) (70) Total Finance Lease Liabilities, June 30, 2021 $ - $ 6,390 $ 6,390 (Note 19) LT debt for LT purposes, June 30, 2021 $ 451,769 $ 31,132 $ 482,901 There is no LT debt not for PP&E or liability greater than PP&E. 42

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