Presidents Report

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President’sReport 2008–09 FinancialReport e. Goodwill: In May 2000, the Medical Center acquired from Augusta Health Care, Inc., the kidney dialysis assets in a transaction accounted for as a purchase. Accordingly,$987,188wasrecordedasgoodwillforthepurchaseoftheassetsandwasamortizedoverfiveyears.Anadditional$800,000wasrecordedasgoodwill for a noncompetition agreement and is being amortized over its ten-year life. In July 2004, the Medical Center purchased Virginia Ambulatory Surgery Center (VASI), now known as Virginia Outpatient Surgery Center. As a result of the purchase, the Medical Center recorded $6,980,198 of goodwill to be amortized over a period of forty years. In November 2004, the Medical Center purchased Amherst and Lynchburg renal facilities. As a result of the purchase, the Medical Center recorded goodwill of $3,476,068 and $4,017,321, respectively, for the Amherst and Lynchburg f<a title="Presidents Report page 59" href="http://catalog.proemags.com/publication/504940a6?page=59">FinancialReporte. Goodwill: In May 2000, the Med</a> FinancialReporte. Goodwill: In May 2000, the Med<a title="Presidents Report page 40" href="http://catalog.proemags.com/publication/504940a6?page=40">CURRENT ASSETS AND LIABILITIESCurrent assets, wh</a> CURRENT ASSETS AND LIABILITIESCurrent assets, wh<a title="Presidents Report page 29" href="http://catalog.proemags.com/publication/504940a6?page=29">HealthSystempresident’s report 2008–09 </a> HealthSystempresident’s report 2008–09 <a title="Presidents Report page 2" href="http://catalog.proemags.com/publication/504940a6?page=2">ArtinthePresident’sReportThe artwork accompanyin</a> ArtinthePresident’sReportThe artwork accompanyin<a title="Presidents Report page 71" href="http://catalog.proemags.com/publication/504940a6?page=71"></a> <a title="Presidents Report page 52" href="http://catalog.proemags.com/publication/504940a6?page=52">university of virginiaStatement of Cash Flows (i</a> university of virginiaStatement of Cash Flows (i<a title="Presidents Report page 24" href="http://catalog.proemags.com/publication/504940a6?page=24">version of their successful PhonologicalAwarenes</a> version of their successful PhonologicalAwarenes<a title="Presidents Report page 6" href="http://catalog.proemags.com/publication/504940a6?page=6"> TheYearataGlance </a> TheYearataGlance <a title="Presidents Report page 18" href="http://catalog.proemags.com/publication/504940a6?page=18">Educated forthe Useful SciencesT </a> Educated forthe Useful SciencesT <a title="Presidents Report page 4" href="http://catalog.proemags.com/publication/504940a6?page=4">ContinuingMr.Jefferson’sWorkT he past</a> ContinuingMr.Jefferson’sWorkT he past<a title="Presidents Report page 8" href="http://catalog.proemags.com/publication/504940a6?page=8">TheYearataGlanceDecember2008u Several faculty m</a> TheYearataGlanceDecember2008u Several faculty m<a title="Presidents Report page 53" href="http://catalog.proemags.com/publication/504940a6?page=53">FinancialReportNote 1: Summary of Significant Ac</a> FinancialReportNote 1: Summary of Significant Ac<a title="Presidents Report page 3" href="http://catalog.proemags.com/publication/504940a6?page=3">Contents24121620242631u Mali</a> Contents24121620242631u Mali<a title="Presidents Report page 36" href="http://catalog.proemags.com/publication/504940a6?page=36">PreparedfortheChallengesWeFaceT he </a> PreparedfortheChallengesWeFaceT he <a title="Presidents Report page 37" href="http://catalog.proemags.com/publication/504940a6?page=37">the work of units where appropriate. Withan extr</a> the work of units where appropriate. Withan extr<a title="Presidents Report page 46" href="http://catalog.proemags.com/publication/504940a6?page=46">ManagementResponsibilityNovember 20, 2009</a> ManagementResponsibilityNovember 20, 2009<a title="Presidents Report page 41" href="http://catalog.proemags.com/publication/504940a6?page=41">FinancialReportNET ASSETSThe four net asset cat</a> FinancialReportNET ASSETSThe four net asset cat<a title="Presidents Report page 55" href="http://catalog.proemags.com/publication/504940a6?page=55">REVENUE RECOGNITIONRevenues,asreflectedontheStat</a> REVENUE RECOGNITIONRevenues,asreflectedontheStat<a title="Presidents Report page 27" href="http://catalog.proemags.com/publication/504940a6?page=27">u Australia Yarrpany (Dhuwa Honey) S</a> u Australia Yarrpany (Dhuwa Honey) S<a title="Presidents Report page 63" href="http://catalog.proemags.com/publication/504940a6?page=63">FinancialReportNote 7: Component UnitsSummary </a> FinancialReportNote 7: Component UnitsSummary <a title="Presidents Report page 70" href="http://catalog.proemags.com/publication/504940a6?page=70">University AdministrationJohn T. Casteen III, Pr</a> University AdministrationJohn T. Casteen III, Pr<a title="Presidents Report page 50" href="http://catalog.proemags.com/publication/504940a6?page=50">university of virginiaStatement of Revenues, Exp</a> university of virginiaStatement of Revenues, Exp<a title="Presidents Report page 17" href="http://catalog.proemags.com/publication/504940a6?page=17">LasMinas,Hondurasp Honduras is the site of vari</a> LasMinas,Hondurasp Honduras is the site of vari<a title="Presidents Report page 1" href="http://catalog.proemags.com/publication/504940a6?page=1">President’sReport2008–09</a> President’sReport2008–09<a title="Presidents Report page 69" href="http://catalog.proemags.com/publication/504940a6?page=69">FinancialReportNote 12: Self-InsuranceAll Univ</a> FinancialReportNote 12: Self-InsuranceAll Univ<a title="Presidents Report page 43" href="http://catalog.proemags.com/publication/504940a6?page=43">FinancialReport State appropriations decrea</a> FinancialReport State appropriations decrea<a title="Presidents Report page 20" href="http://catalog.proemags.com/publication/504940a6?page=20">p Tibet View of Lhasa Provided </a> p Tibet View of Lhasa Provided <a title="Presidents Report page 65" href="http://catalog.proemags.com/publication/504940a6?page=65">FinancialReportNOTES PAYABLEThe University of V</a> FinancialReportNOTES PAYABLEThe University of V<a title="Presidents Report page 32" href="http://catalog.proemags.com/publication/504940a6?page=32">received a $238,707 NIH grant to leadan NIH Nati</a> received a $238,707 NIH grant to leadan NIH Nati<a title="Presidents Report page 26" href="http://catalog.proemags.com/publication/504940a6?page=26">Restoring a Sense of PlaceT h</a> Restoring a Sense of PlaceT h<a title="Presidents Report page 28" href="http://catalog.proemags.com/publication/504940a6?page=28">Looking Ahead in Health CareA s health</a> Looking Ahead in Health CareA s health<a title="Presidents Report page 19" href="http://catalog.proemags.com/publication/504940a6?page=19">Students These are emblematic of the many</a> Students These are emblematic of the many<a title="Presidents Report page 58" href="http://catalog.proemags.com/publication/504940a6?page=58">b. Notes receivable: The composition of notes rec</a> b. Notes receivable: The composition of notes rec<a title="Presidents Report page 23" href="http://catalog.proemags.com/publication/504940a6?page=23">in more than 475 schools in twelve statesto help</a> in more than 475 schools in twelve statesto help<a title="Presidents Report page 15" href="http://catalog.proemags.com/publication/504940a6?page=15">GlobalProgramsan educational organization in</a> GlobalProgramsan educational organization in<a title="Presidents Report page 35" href="http://catalog.proemags.com/publication/504940a6?page=35">FinancialReport2008–09Conten</a> FinancialReport2008–09Conten<a title="Presidents Report page 9" href="http://catalog.proemags.com/publication/504940a6?page=9">September 2008–September 2009u More than 170 p</a> September 2008–September 2009u More than 170 p<a title="Presidents Report page 57" href="http://catalog.proemags.com/publication/504940a6?page=57">FinancialReportINVESTMENTSFor endowment investm</a> FinancialReportINVESTMENTSFor endowment investm<a title="Presidents Report page 16" href="http://catalog.proemags.com/publication/504940a6?page=16">can have. Since the Valencia program’s in-ceptio</a> can have. Since the Valencia program’s in-ceptio<a title="Presidents Report page 34" href="http://catalog.proemags.com/publication/504940a6?page=34">Michael Shabaz and Dominic InglotJa</a> Michael Shabaz and Dominic InglotJa<a title="Presidents Report page 54" href="http://catalog.proemags.com/publication/504940a6?page=54"> Unrestricted represents those net assets tha</a> Unrestricted represents those net assets tha<a title="Presidents Report page 14" href="http://catalog.proemags.com/publication/504940a6?page=14">G lobalization poses a major chal- </a> G lobalization poses a major chal- <a title="Presidents Report page 66" href="http://catalog.proemags.com/publication/504940a6?page=66">Statement ofActivities (in thousands)for the ye</a> Statement ofActivities (in thousands)for the ye<a title="Presidents Report page 51" href="http://catalog.proemags.com/publication/504940a6?page=51">FinancialReportuniversity of virginiaCOMPONENT </a> FinancialReportuniversity of virginiaCOMPONENT <a title="Presidents Report page 62" href="http://catalog.proemags.com/publication/504940a6?page=62">UNIVERSITY OF VIRGINIA/HEALTHSOUTH, L.L.C.The Me</a> UNIVERSITY OF VIRGINIA/HEALTHSOUTH, L.L.C.The Me<a title="Presidents Report page 60" href="http://catalog.proemags.com/publication/504940a6?page=60">Note 5: Long-Term Obligationsa. Long-term debt:</a> Note 5: Long-Term Obligationsa. Long-term debt:<a title="Presidents Report page 39" href="http://catalog.proemags.com/publication/504940a6?page=39">FinancialReportThe University saw a significant </a> FinancialReportThe University saw a significant <a title="Presidents Report page 5" href="http://catalog.proemags.com/publication/504940a6?page=5">impact on many study-abroad activities, in-creas</a> impact on many study-abroad activities, in-creas<a title="Presidents Report page 30" href="http://catalog.proemags.com/publication/504940a6?page=30">Quetzaltenango,Guatemalap Jason Franasiak (Medi</a> Quetzaltenango,Guatemalap Jason Franasiak (Medi<a title="Presidents Report page 47" href="http://catalog.proemags.com/publication/504940a6?page=47"> </a> <a title="Presidents Report page 25" href="http://catalog.proemags.com/publication/504940a6?page=25">Falmouth,Jamaicap Falmouth, Jamaica, is celebra</a> Falmouth,Jamaicap Falmouth, Jamaica, is celebra<a title="Presidents Report page 13" href="http://catalog.proemags.com/publication/504940a6?page=13">September 2008–September 2009u The University ar</a> September 2008–September 2009u The University ar<a title="Presidents Report page 67" href="http://catalog.proemags.com/publication/504940a6?page=67">FinancialReportNote 8: Expense Classification Ma</a> FinancialReportNote 8: Expense Classification Ma<a title="Presidents Report page 33" href="http://catalog.proemags.com/publication/504940a6?page=33">Tremendous Depth of FieldO ne o</a> Tremendous Depth of FieldO ne o<a title="Presidents Report page 72" href="http://catalog.proemags.com/publication/504940a6?page=72">Office of the PresidentPost Office Box 400229Ch</a> Office of the PresidentPost Office Box 400229Ch<a title="Presidents Report page 49" href="http://catalog.proemags.com/publication/504940a6?page=49">FinancialReportuniversity of virginiaCOMPONENT </a> FinancialReportuniversity of virginiaCOMPONENT <a title="Presidents Report page 7" href="http://catalog.proemags.com/publication/504940a6?page=7">q More than 1,200 University employees take</a> q More than 1,200 University employees take<a title="Presidents Report page 64" href="http://catalog.proemags.com/publication/504940a6?page=64">INVESTMENTSInvestments are recorded at market va</a> INVESTMENTSInvestments are recorded at market va<a title="Presidents Report page 42" href="http://catalog.proemags.com/publication/504940a6?page=42">Under GASB principles, revenues and expenses are </a> Under GASB principles, revenues and expenses are <a title="Presidents Report page 45" href="http://catalog.proemags.com/publication/504940a6?page=45">FinancialReportFUTURE ECONOMIC OUTLOOKThe past </a> FinancialReportFUTURE ECONOMIC OUTLOOKThe past <a title="Presidents Report page 12" href="http://catalog.proemags.com/publication/504940a6?page=12">PresidentJohnT.Casteen IIITheYearataGlanceSe</a> PresidentJohnT.Casteen IIITheYearataGlanceSe<a title="Presidents Report page 61" href="http://catalog.proemags.com/publication/504940a6?page=61">FinancialReportPRIOR YEAR REFUNDINGSIn previous</a> FinancialReportPRIOR YEAR REFUNDINGSIn previous<a title="Presidents Report page 21" href="http://catalog.proemags.com/publication/504940a6?page=21"> received three-year National Science Foundation</a> received three-year National Science Foundation<a title="Presidents Report page 44" href="http://catalog.proemags.com/publication/504940a6?page=44">Following is a graphic illustration of expenses (</a> Following is a graphic illustration of expenses (<a title="Presidents Report page 10" href="http://catalog.proemags.com/publication/504940a6?page=10">TheYearataGlanceApril2009u At Founder’s Day, th</a> TheYearataGlanceApril2009u At Founder’s Day, th<a title="Presidents Report page 11" href="http://catalog.proemags.com/publication/504940a6?page=11">September 2008–September 2009u A two-day resea</a> September 2008–September 2009u A two-day resea<a title="Presidents Report page 48" href="http://catalog.proemags.com/publication/504940a6?page=48">university of virginiaStatement of Net Assets (i</a> university of virginiaStatement of Net Assets (i<a title="Presidents Report page 56" href="http://catalog.proemags.com/publication/504940a6?page=56">Note 2: Cash, Cash Equivalents, and Investments</a> Note 2: Cash, Cash Equivalents, and Investments<a title="Presidents Report page 22" href="http://catalog.proemags.com/publication/504940a6?page=22">Distinguished Teachersand Leaders S </a> Distinguished Teachersand Leaders S <a title="Presidents Report page 38" href="http://catalog.proemags.com/publication/504940a6?page=38">Management’s Discussionand Analysis (Unaudited)</a> Management’s Discussionand Analysis (Unaudited)<a title="Presidents Report page 31" href="http://catalog.proemags.com/publication/504940a6?page=31">case of diseases and conditions such as dia-bete</a> case of diseases and conditions such as dia-bete<a title="Presidents Report page 68" href="http://catalog.proemags.com/publication/504940a6?page=68">Note 11: Postemployment Benefits Other Than Pensi</a> Note 11: Postemployment Benefits Other Than Pensi