C our s e t y UCLA Libr ar y

TRANSMITTAL LETTER

The accompanying Financial Statements reflect the financial position and the results financial statements of operations of the University of California, Los Angeles (UCLA), for the fiscal year ended June 30, 2006.

The UCLA Financial Statements are not individually audited, but rather are audited as part of the Consolidated Annual Financial Report of the University of California by the firm of PricewaterhouseCoopers, whose report is transmitted to The Regents.

The accompanying Financial Statements and Management’s Discussion and Analysis detail only local campus activity. This separate UCLA Annual Financial Report, while not separately audited, is prepared from the official University of California records and accounts, which are maintained in accordance with the standards prescribed by the Governmental Accounting Standards Board (GASB).

In compliance with GASB Statement No. 39, Determining Whether Certain Organizations Are Component Units, the financial activity of the legally separate, tax- exempt UCLA Foundation can be found discretely recorded on the campus’ financial statements under a separate column titled “Foundation.” RespectfullyT submitted,

Susan K. Abeles

The papers of Harry Crane (1914–99), creator of “” and a prolific writer of radio, television and film comedy, include scripts, Assistant Vice Chancellor/Controller correspondence, photographs, topical humor publications and awards spanning his career from the 1940s through the 1990s. Corporate Financial Services Given to UCLA by Crane’s daughters, Stephanie Crane and Barbara Gilbert Cowan, the collection is housed in the Arts Library Special Collections.

Top (l-r): , Zsa Zsa Gabor, Harry Crane, , [unidentified], Leo Durocher in Phoenix, February 24, 1954

Bottom left (l-r): [unidentified], , [unidentified], Harry Crane, [unidentified], mid-1950s eTLower right (l-r): Harry Crane, , Peter Lawford, , 1950s 2

26 UCLA 2005-2006 ANNUAL F INANCIAL R EPORT UCLA 2005-2006 ANNUAL F INANCIAL R EPORT 27 e financial statements AS ( F F Obligations underlif Other c L Other nonc C 28 *See accompanying NotestoFinancialStatements. In NET A Acc LIABILITIE Shor C De Other nonc In In Ac In In Pledge Acc Other c In No Pledge Unr C Land, buildings Res dollar eder unds heldf ong-t ash urr urr vest ves ves ves ves v crued s f te en SET err es trict oun oun C Nonc Tot Nonc Tot C Tot None Expendable: en en UCL t s andmor tmen tmen tmen tmen t al r urr urr -t trict ed inc orie ed r s inthous erm deb t por t por s r s r erm in al liabilitie al as al ne t t urr urr S ed: S s p s r C Lo Gift Other Appr Deb Gr Endo Endo Annuit Annuit F en en e A SET xpendable: unds functioningasendo urr urr ec ec apit fundable lo alarie s ed ev t o t t ts en en an ans ec t liabilitie t as ay s heldb s heldb urr urr eiv eiv tion o tion o s or o t s sets t as en en 2005-2006 enue apit t liabilitie t as t f c eiv opriations S wmen wmen able al pr ves s andc S en en able able ervic t t t liabilitie t as y andlif y andlif sets , equipmen ash c s andbene gage able ther sets al as t liabilitie t as sets ands tmen f long-t f no oject s , ne sets y trus y trus ts ts e , ne s e inc sets s r ollat s on ans sets te ) ts t s e inc e inc s ec s andmor tr t s erm deb t t ome agr act er , ne eiv ANNUAL ee ee t s f , libr al it ome funds ome funds s s able s s t o arie f r , ne t eemen t elat gage wmen s andc t F INANCIAL ed deb s r ts t ec ollections eiv t UNIVERSITY OFCALIFORNIA able R , ne EPOR , ne t t T TA S TEMENT OFNETAS $ $ $ $ $ $ 4,290,824 3,299,511 1,274,784 5,565,608 ,3,9 ,1,1 1,067,610 3,713,014 3,931,790 ,3,8 3,571,774 3,830,488 ,3,1 1,555,335 1,633,818 ,3,6 1,071,973 1,131,767 3,8 1,7 5,3 156,329 153,234 118,073 135,386 9,5 586,622 695,855 5,2 684,639 554,848 650,825 524,414 2,5 6,4 2,3 124,106 126,531 666,149 623,959 252,837 6,8 159,651 168,683 0,2 385,698 409,223 2 41650,458 13,618 43,371 38,484 54,146 13,151 44,522 40,792 33586,573 83,355 78668,841 97,876 30643,218 43,056 6702,5 03257,118 50,372 20,759 26,730 77,833 49214,830 14,952 91054,867 59,110 09461,606 20,934 68426,647 29,663 26,894 29,383 26,680 ,6 5,766 7,461 ,0 9,937 6,306 ,9 6,290 6,453 3,298 006 2 120 120 C ------AMPUS F * or Fis $ $ $ $ $ $ , L SET 3,917,561 3,061,169 1,350,788 5,268,349 O c 269,897 147,001 al Y 2 10,034 24,910 S ANGELES 005 S e ar EndedJune3 0 , 2 006, withc $ - $ - $ $ $ $ $ 1,133,218 1,304,358 7,2 335,358 136,714 345,379 377,329 177,379 386,216 171,140 7,1 167,431 170,814 6,5 726,276 248,294 861,552 236,748 4,5 131,593 141,059 2 67216,419 24,842 16,702 19,962 46943,212 43,212 44,609 44,609 70258,030 67,002 82331,655 28,293 67648,403 57,118 36,756 50,372 ,9 1,293 2,396 ,6 5,826 6,060 ,5 1,472 1,453 1,644 ,3 9,927 6,830 ,0 2,516 3,002 ,1 7,383 3,710 1,460 006 121 8 444 389 F omp OUND ------ar ativ A TION e t $ $ $ $ $ ot als f 1,016,334 1,183,652 167,318 935,358 or 2 2 1,660 005 837 005 69 NONOPER Other oper Priv *See accompanying NotestoFinancialStatements. C Depr OPER ( S St Other oper Gr OPER S Utilitie S S B St St In Priv Ne Other Other nonoper O In Ne Los St NET A P C Tr C dollar ale upplie alarie cholar ermanen ampus f apit umulativ ene THER CHANGE ves t ans at at at uden an er t depr t as s ondispo at at Oper A E Tot Medic L Priv St F Tot Inc Ne Incr Ne e f e educ e c s and t es eciation f eder tmen al gift oc f duc s andc uxiliary en it A A e gift e gift er at s inthous sets S s inancing appr t as t nonoper s andw t e t apit ome (lo s TING RE TING EXPENSE al oper al oper s andmat ship al SET at e s e eciation inf ating lo ational activitie as oundation gr uition andf xpens al al c e e t endo t inc , beginningo A ational appr sets ating r ating e al appr s andgr s s ervic s andf e inne TING RE S on ff en s ating e ating r age ating r ect o al o ome ss tr , endo e t t VENUE e wmen ss ands ating r er act erpris ) be erials S INNETA s: ev xpens opriations s f c ello t as s an f achangeinac enue s: opriations air v ee apit f VENUE ev ev xpens ) ts or w f y an TA S ts sets opriations es s f y enue enue S ship ev es e o S , ne ts s s al as e alue o , ne , ne enue ar e ther changene ar es s TEMENT OFREVENUES t s s ( S (EXPENSE t S t sets SET e s ( f in xpens e , ne ves xpens S c oun t tmen es) UNIVERSITY OFCALIFORNIA ting principle es) S) t as ts sets $ $ , E ,1,6 ,3,7 1,016,334 3,635,478 3,917,561 4,290,824 ,8,2 3,319,166 3,385,928 ,8,4 1,733,890 1,789,945 ,4,0 2,731,691 2,849,802 5616 (587,475) (536,126) 7,0 8,8 116,884 282,083 130,332 374,908 102,394 1,5 629,830 181,929 718,055 5,1 114,181 534,214 156,719 555,888 538,008 511,563 7,5 173,765 390,956 340,206 175,956 396,795 369,690 6,1 241,450 427,451 941,850 129,715 267,418 435,099 586,312 992,385 134,248 601,537 297,434 2,6)(24,292) (24,166) 03279,861 29,535 50,392 40,193 68926,630 26,839 55581,393 60,948 85,555 56,424 74243,885 47,412 27628,678 48,386 32,796 41,473 (1,645) (2,310) XPENSES ANDCHANGESINNETAS 2 3,401 ,8 1,674 1,684 006 ------C AMPUS F $ $ * or Fis , L 3,917,561 283,964 c (12,788) 2358,5 54,367 80,559 42,355 al Y 979 557 (4,352) (5,527) (9,789) 2 O 005 e S ANGELES ar EndedJune3 - - - UCL A 2005-2006 0 , 2 $ - $ - $ 006, withc ANNUAL 1,133,218 SET 1,4 101,609 119,140 1,2 100,523 117,728 110,987 110,987 63531,313 36,325 87261,593 88,712 40123,679 14,051 01842,266 80,188 813 (7,226) (8,153) 2 ,1 1,086 1,412 006 S F omp ------OUND F INANCIAL ar ativ A TION e t $ ot als f R 1,016,334 EPOR 930,654 85,680 94,383 94,383 or 2 2 005 T 005

29 2 financial statements financial e financial statements 30 UCL C *See accompanyingNotestoFinancialStatements. C In Indir Lo R Une Re ( dollar urr urr ene ves A an tir xpended plan In Ne In In In In Indir Ne Tot en en ect c emen w tmen 2005-2006 t t tr tr tr s inthous als andr t: t ( er erfund t r t adjus al tr afund afund tr afund tr ect c c to ev os ampus t inplan t o )/ enue o ans t r fr f indeb os tmen ec om lo eplac f ans ans t r er ov ands ANNUAL t s f bondsando ec t: ery ts f f an er depr er as t emen ov edne ) ery sets ss ts F eciation INANCIAL UNIVERSITY OFCALIFORNIA ther indeb R EPOR t edne T s s pr ogr ams TRANSFERS F or Fis c al Y e ar EndedJune3 $ $ - $ , L O 1326 (147,725) (153,236) 1,6 216,231 218,563 4,2 248,150 249,420 102,394 5,4)(52,203) (59,648) 6,9)(40,659) (90,759) (61,190) (92,110) 2 (2,361) S ANGELES 2,170 006 739 0 47 , 2 - - - 006, withc C AMPUS omp ar * ativ e t ot $ als f or 2 130,332 2 (2,078) 005 (786) (660) 005 164 657 - - - Other r Gift St St CA CA Pr C St C C Pr Other r Pr Pur *See accompanying NotestoFinancialStatements. CA ( Pa Pa Pa Priv Pa Pur In Pa Princip Ref Pa C CA R Lo St Gr In dollar ommer ollection o ash, beginningo apit ec ves t at at at uden oc oc oc an ans is ymen ymen ymen ymen ymen ymen er SH FL SH FL SH SH FL inancing/ chas chas s r eip at Ne Other priv Priv In Pa Pr C C Ne In Ne Tr Shor Other in Shor Other in A Ne E Medic Ne e educ e c e f eeds fr eeds fr eeds fr t es tmen al gift duc ash, endo umulativ s andc uxiliary en t e gift t ans ec s inthous oc ymen FL t inancing appr er t c t c t ( t c t c t p er al p t apit ec ec s fr t t t t t t e o e at sued t cial p eiv eeds fr s t s t s t s f s t s f es t t ational activitie c decr OW s o OW OW OW uition andf eip eip ash pr ash us ash pr ash us -t -t aid ondeb f al c e gift ampus tr t inc er aid ondeb ational appr om s al appr s andgr t p f in or s or bene erm in erm in s o supplier o c o emplo o OPEB ed f om deb om thes om s f lo t f c ves ves t t s S F pr on S FROMNONC S FROMC S FROMINVE s o s (p s (p en e aper f aid ves at ampus andbene o s e ep apit ome as ans fr cholar tr or o s f tmen tmen om is ale f princip t f y OR OPER t o o ands e gift ale ed b ed b er act erpris a a a e vided b vided b t ff ves ves f y tmen opriations or endo ymen ymen ) incr uden ymen al as e s and s f t is , ne ect o an ther thanc y s andmat ans inancing: it ar s t andc e ale o opriations ee y oper y c ts ts ) ee om s tmen tmen t andc suanc s s andutilitie ship ar ts s suanc t o opriations es s t actions t APIT s sets e s: ts) ts) apit t o s andemplo al f changeinac , ne y nonc y in s as , ne f c f in s andf wmen t A ervic t pool t pool f out uden e apit S ating activitie TING A e inc apit al andr t e APIT apit AL ANDRELA ves TING A ves t uritie apit e f al le st t t purpo apit al as iciarie al le ting activitie tmen s o ello s andemplo ash AL FINANCINGA anding deb s al purpo s o C f: as al f elat w C as TIVITIE y sets t e ee es TIVITIE ship f in s es c inancing activitie ses ed f s xpens oun ves s s se TED FINANCINGA inancing activitie ting principle S tmen t y s: s S ee es UNIVERSITY OFCALIFORNIA s t s: C TIVITIE s s S s TA S C TIVITIE TEMENT OFCASHFL S $ $ 18865 (1,719,288) (1,858,695) 1,096,881 1,158,447 3100 (293,486) (311,040) 4479 (431,041) (414,789) 3431 (341,124) (921,313) (334,311) (986,150) 4384 (328,015) (453,874) 2,3 622,054 725,731 5,4 114,136 154,543 0,9 130,332 102,394 7,0 244,583 425,390 967,148 808,057 273,005 436,667 974,688 795,854 298,495 5,8 534,214 555,888 1,0)(14,841) (15,472) (16,304) (15,697) 1,2)(19,160) (60,948) (16,828) (56,424) (34,345) 2 15,300 61,566 63332,252 16,313 03860,585 77,907 12,815 29,645 40,338 39,009 12,817 49,387 37,857 (1,645) (5,801) 006 , L C F ------or Fis AMPUS O O WS c S ANGELES al Y F * $ $ e ar EndedJune3 UCL 1,096,881 966,476 130,405 283,649 (26,296) (14,811) (27,261) 2 A 1,727 005 (480) 2005-2006 ------0 , 2 006, withc ANNUAL $ - $ - $ 1891 (130,444) (158,971) 1262 (116,692) (122,672) 124,106 4,9)(22,873) (41,192) 2 06919,551 88,020 20,659 97,120 63531,313 36,325 63531,313 36,325 F omp 1,460 5,490 ,5 5,189 4,056 INANCIAL 006 837 623 OUND ar ------ativ e t A TION R ot $ EPOR als f (11,535) or 2 99,968 2 T (3,095) 3,932 005 837 005

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