2017 -2018

Financial Report Supporting Schedules

University of Arkansas

Fayetteville Campus Agricultural Experiment Station Cooperative Extension Service Arkansas Archeological Survey Criminal Justice Institute Clinton School ARBON Table of Contents

Supporting Exhibits

C.l University of Arkansas, Fayetteville 3 C.2 Agricultural Experiment Station 4 C.3 Cooperative Extension Service 5 C.4 Arkansas Archeological Survey 6 C.5 Criminal Justice Institute 7 C.6 Clinton School 8 C.7 AREON 9

Supporting Schedules

1 Schedule of Current Funds Revenues 10 2 Schedule of Current Funds Expenditures 13 3 Schedule of Changes in Service Operations 15 4 Schedule of Changes in Auxiliary Enterprises 16 5 Schedule of Cash, Cash Equivalents, and Investments 17 6 Schedule of Changes in Loan Funds 18 7 Schedule of Changes in Endowments and Similar Funds 19 8 Schedule of Changes in Unexpended Plant Funds 25 9 Schedule of Changes in Renewals and Replacements 31 10 Schedule of Changes in Debt Retirement Funds 43 II Schedule of Bonds Outstanding 45 12 Schedule of Capital Leases Outstanding and Notes Payable 47 13 Schedule of Net Investment in Plant 49

This document supports the University of Arkansas Annual Financial Reports issued forthe fiscal year 2017-18. It is not intended to be used stand-alone, but as support and clarificationfor the amounts reported in the Annual report.

2 Exhibit C.1 University of Arkansas - Fayetteville Statement of Current Funds Revenues, Expenditures, and Other Changes for the Year Ended June 30, 2018 "'ith Comparative Totals forthe Year Ended June 30, 2017

Fiscal 2018 Fiscal 2017 Unrestricted Restricted Total Total

Revenues Educational and General Student Tuition and Fees $ 306,218,597 $ $ 306,218,597 $ 284,797,711 State Appropriations 128,414,582 1,608,533 130,023,115 129,604,517 Federal Appropriations Endowment Earnings 527,692 1,983,118 2,510,810 2,439,329 Federal Grants and Contracts 50,319,384 50,319,384 44,286,294 State and Local Grants and Contracts 58,269,956 58,269,956 56,216,840 Private Gifts, Grants, and Contracts 5,766,229 81,047,902 86,814,131 80,521,427 Sales and Services 9,407,361 257,443 9,664,804 8,902,100 Other Sources 10,542,172 768,414 11,310,586 9,489,587 Total Educational and General $ 460,876,633 $ 194,254,750 $ 655, I 3 I ,383 $ 616,257,805

Auxiliary Enterprises 214,834,994 10.887,045 225,722,039 223,566,302 Total Revenues $ 675,71 i,627 $ 205,141,795 $ 880,853,422 $ 839,824, I 07

Expenditures and Mandatory Transfers Educational and General Instruction $ 185,995,729 $ 29,597,103 $ 215,592,832 $ I 98,652,885 Research 30,111,568 47,230,513 77,342,081 65,946,265 Public Service 10,769,385 10,149,516 20,918,901 19,843,181 Academic Support 45,893,872 13,291,386 59,185,258 52,263,899 Student Services 35,920,569 1,335,947 37,256,516 29,478,944 Institutional Support 34,293,431 5,295,819 39,589,250 59,022,627 Operation and Maintenance of Plant 22,367,823 22,367,823 24,535,813 Scholarships and Awards 19,767,791 73,359,644 93,127,435 84,302,236 Total Educational and General Expenditures $ 385, I 20,168 $ 180,259,928 $ 565,380,096 $ 534,045,850

Mandatory Transfers for: Principal and Interest $ 28,823,889 $ 801,318 $ 29,625,207 $ 28,198,102 Loans Matching Total Educational and General $ 413,944,057 $ 181,06 I ,246 $ 595,005,303 $ 562,243,952

Auxiliary Enterprises Expenditures $ 160,347,058 s 10,887,209 $ 171,234,267 $ 160,447,350 Mandatory Transfers for: Principal and Interest 35,180,525 35, I 80,525 3],]87.910 Total Auxiliary Enterprises $ 195,527,583 $ 10,887,209 $ 206,414,792 $ I 91,635,260

Total Expenditures and Mandatory Transfers $ 609,471,640 $ 191,948,455 $ 801,420,095 $ 753,879,212

Other Transfers and Additions/(Deductions) Excess of Restricted Receipts over Transfers to Revenues$ $ $ $ Plant Additions (50,770,554) (6,113,619) (56,884,173) (65,956,675) Other Transfers and Changes 10,644,997 (9,644,033) 1,000,964 1,304,466

Net lncrease/(Decrease) for the Year $ 26.114,430 $ (2,564,312) $ 23,550,118 $ 21,292,686

3 Exhibit C.2 University of Arkansas - Agri Experiment Station Statement of Current Funds Revenues, Expenditures, and Other Changes for the Year Ended June 30, 2018 \Vith Comparative Totals for the Year Ended June 30, 2017

Fiscal 2018 Fiscal 2017 Unrestricted Restricted Total Total

Revenues Educational and General State Appropriations $ 36,753,270 $ 1,597,366 $ 38,350,636 $ 38,231,601 Federal Appropriations 5,468,476 5,468,476 5,430,851 Endowment Earnings 230,467 230,467 170,014 Federal Grants and Contracts 5,745,642 5,745,642 4,752,255 State and Local Grants and Contracts 2,213,822 1,525,324 3,739,146 1,441,184 Private Gifts, Grants, and Contracts 8,037, I 8 I 8,037,181 12,253,455 Sales and Services 7,353,899 7,353,899 6,851,030 Other Sources 2,964,544 38,800 3,003,344 2,194,374 Total Educational and General $ 49,285,535 $ 22,643,256 $ 71,928,791 $ 71,324,764

Expenditures and Mandato!)'Transfers Educational and General Instruction $ $ 9,203 $ 9,203 $ 5,765 Research 44,963,992 21,957,412 66,921,404 66,170,983 Public Service Academic Support Student Services Institutional Support 57,136 57,136 39,501 Operation and Maintenance of Plant Scholarships and Awards 40,100 40,100 47,900 Total Educational and General Expenditures $ 44,963,992 $ 22,063,851 $ 67,027,843 $ 66,264,149

Mandatory Transfers for: Principal and Interest $ 19,325 $ $ 19,325 $ Total Educational and General $ 44,983,317 $ 22,063,851 $ 67,047,168 $ 66,264,149

Other Transfers and Additions/(Deductions) Excess of Restricted Receipts over Transfers to Revenues$ $ $ $ Plant Additions (1,230,833) (1,230,833) (2, I 10,200) Other Transfers and Changes 618,924 (1,683,919) (1,064,995) (1,427,462)

Net Increase/(Decrease) for the Year $ 3,690,309 $ (1,104,514) $ 2,585,795 $ 1,522,953

4 Exhibit C.3 University of Arkansas - Cooperative Extension Service Statement of Current Funds Revenues, Expenditures, and Other Changes for the Year Ended June 30, 2018 \Vith Comparative Totals for the Year Ended June 30, 2017

Fiscal 2018 Fiscal 2017 Unrestricted Restricted Total Total

Revenues Educational and General State Appropriations $ 31.995.971 $ $ 31,995,971 $ 31,939,085 Federal Appropriations 5,054,309 5,054,309 6,493,437 Endowment Earnings County Appropriations 4,460,212 4,460,212 4,144,629 Federal Grants and Contracts 6,033,328 6,033,328 4,970,333 State and Local Grants and Contracts 311,503 311,503 465,648 Private Gifts, Grants, and Contracts 359,204 4,858,603 5,217,807 6,135,194 Sales and Services 3,673,235 3,673,235 3,656,767 Other Sources (620.826) 7.777 (613,049) 1.993,128 Total Educational and General $ 35,407,584 $ 20,725,732 $ 56,133,316 $ 59,798,221

Expenditures and Mandatory Transfers Educational and General Research $ $ $ $ Public Service 37,906,445 20,022,884 57,929,329 57,643,243 Academic Support Student Services Institutional Support Operation and Maintenance of Plant Scholarships and Awards Total Educational and General Expenditures $ 37,906,445 $ 20,022,884 $ 57,929,329 $ 57,643,243

Mandatory Transfers for: Principal and Interest $ $ $ $ Total Educational and General $ 37,906,445 $ 20,022,884 $ 57,929,329 $ 57,643,243 Other Transfers and Additions/(Deductions) Excess of Restricted Receipts over Transfers to Revenues$ $ $ $ Plant Additions (969,424) (1,492,271) (2,461,695) Other Transfers and Changes (105.273) 62,806 (42,467) 23.220

Net Increase/(Decrease) forthe Year $ (3.573,558) $ (726,617) $ (4,300.175) $ 2.178.198

5 Exhibit C.4 University of Arkansas - Archeological Survey Statement of Current Funds Revenues, Expenditures, and Other Changes for the Year Ended June 30, 2018 \Vith Comparative Totals for the Year Ended June 30, 2017

Fiscal 2018 Fiscal 2017 Un restricted Restricted Total Total

Revenues Educational and General State Appropriations $ 2,470,474 $ $ 2,470,474 $ 2,538,070 Federal Appropriations Endowment Earnings 13,221 13,221 4,349 Federal Grants and Contracts 120,516 120,516 35,172 State and Local Grantsand Contracts 75,742 75,742 64,458 Private Gifts, Grants, and Contracts 33,978 46,334 80,312 44,531 Sales and Services Other Sources 8,102 8,102 I 1,541 Total Educational and General $ 2,525,775 $ 242,592 $ 2,768,367 $ 2,698,121

Expenditures and Mandatory Transfers Educational and General Instruction $ $ 75,743 $ 75,743 $ 70,948 Research 2,411,809 I 12,581 2,524,390 2,492,185 Public Service Academic Support 7,669 7,669 13,882 Total Educational and General Expenditures $ 2,419,478 $ I 88,324 $ 2,607,802 $ 2,577,015

Mandatory Transfers for: Principal and Interest $ $ $ $ Total Educational and General $ 2,419,478 $ I 88,324 $ 2,607,802 $ 2,577,015

Total Expenditures and Mandatory Transfers $ 2,4 I 9,478 $ I 88,324 $ 2,607,802 $ 2,577,015

Other Transfers and Additions/(Deductions) Excess of Restricted Receipts over Transfers to Revenues $ $ $ $ Plant Additions (130,000) Other Transfers and Changes 6 6 (206)

Net Increase/(Decrease) for the Year $ 106,297 $ 54,274 $ 160,571 $ (9,100)

6 Exhibit C.5 University of Arkansas - Criminal Justice Institute Statement of Current Funds Revenues, Expenditures, and Other Changes for the Year Ended June 30, 2018 With Comparative Totals for the Year Ended June 30, 2017

Fiscal 2018 Fiscal 2017 Unrestricted Restricted Total Total

Revenues Educational and General State Appropriations $ 2,025,769 $ $ 2,025,769 $ 2,075,769 Federal Grants and Contracts 1,605, I 03 1,605,103 1,114,603 State and Local Grants and Contracts 382,723 693,370 1,076,093 852,497 Private Gifts, Grants, and Contracts 125,000 125,000 Sales and Services 4,700 4,700 7,887 Other Sources 235,039 235,039 61,044 Total Educational and General $ 2,648,231 $ 2,423,473 $ 5,071,704 $ 4,111,800

Expenditures and Mandatory Transfers Educational and General Instruction $ $ $ $ Research Public Service 2,659,288 2,131,521 4,790,809 4,320,565 Academic Support Total Educational and General Expenditures $ 2,659,288 $ 2,131,521 $ 4,790,809 $ 4,320,565

Mandatory Transfers for: Principal and Interest $ $ $ $ Total Educational and General $ 2,659,288 $ 2,131,521 $ 4,790,809 $ 4,320,565

Total Expenditures and Mandatory Transfers $ 2,659,288 $ 2,131,521 $ 4,790,809 $ 4,320,565

Other Transfers and Additions/(Deductions) Excess of Restricted Receipts over Transfers to Revenues $ $ $ $ Plant Additions I 19,165 119,165 68,755 Other Transfers and Changes 295,026 (295,026)

Net lncrease/(Decrease) for the Year $ 403,134 $ (3.074) $ 400,060 $ (140,010)

7 Exhibit C.6 University of Arkansas - Clinton School Statement of Current Funds Revenues, Expenditures, and Other Changes for the Year Ended June 30, 2018 With Comparative Totals for the Year Ended June 30, 2017

Fiscal 2018 Fiscal 2017 Unrestricted Restricted Total Total

Revenues Educational and General Student Tuition and Fees $ 949,430 $ $ 949,430 $ 562,220 State Appropriations 2,295,575 2,295,575 2,315,575 Federal Grants and Contracts State and Local Grants and Contracts 30,296 30,296 15,000 Private Gifts,Grants, and Contracts 106,668 106,668 632,840 Sales and Services 8,226 8,226 1,860 Other Sources 21,831 147,906 169,737 23,791 Total Educational and General $ 3,275,062 $ 284,870 $ 3,559,932 $ 3,551,286

Expenditures and Mandatory Transfers Educational and General Instruction $ 2,116,963 $ 147,905 $ 2,264,868 $ 1,891,638 Research 55,305 55,305 4,582 Public Service 404,568 404,568 216,742 Academic Support 353,019 353,019 35 I ,202 Student Services 226,568 226,568 177,332 Institutional Support 258,322 258,322 257,559 Operation and Maintenance of Plant (41,097) (41,097) 32,506 Scholarships and Awards 358,291 358,291 391,677 Total Educational and General Expenditures $ 3,272,066 $ 607,778 $ 3,879,844 $ 3,323,238

Mandatory Transfers for: Principal and Interest $ $ $ $ Total Educational and General $ 3,272,066 $ 607,778 $ 3,879,844 $ 3,323,238

Total Expenditures and Mandatory Transfers $ 3,272,066 $ 607,778 $ 3,879,844 $ 3,323,238

Other Transfers and Additions/(Deductions) Excess of Restricted Receipts over Transfersto Revenues $ $ $ $ Plant Additions Other Transfers and Changes

Net Increase/(Decrease) for the Year $ 2,996 $ (322,908) $ (319,912) $ 228,048

8 Exhibit C.7 University of Arkansas - AREON Statement of Current Funds Revenues, Expenditures, and Other Changes for the Year Ended June 30, 2018 With Comparative Totals for the Year Ended June 30, 2017

Fiscal 2018 Fiscal 2017 Unrestricted Restricted Total Total

Revenues Educational and General Sltldcnt Tuition and Fees $ $ $ $ State Appropriations Federal Grants and Contracts State and Local Grants and Contracts 361.809 361,809 252,668 Private Gifts, Grants, and Contracts Sales and Services Other Sources 3,123,643 3,123,643 2,924,510 Total Educational and General s 3,485,452 $ $ 3,485,452 $ 3,177,178 Expenditures and Mandatory Transfers Educational and General Instruction $ $ $ $ Research Public Service Academic Support Student Services Institutional Support Operation and Maintenance of Plant 3,023,320 3,023,320 2,374,689 Scholarships and Awards Total Educational and General Expenditures $ 3,023,320 $ $ 3,023,320 $ 2,374,689

Mandatory Transfers for: Principal and Interest $ $ $ $ Total Educational and General $ 3,023,320 $ $ 3,023,320 $ 2,374,689

Total Expenditures and Mandatory Transfers $ 3,023,320 $ $ 3,023,320 $ 2,374,689

Other Transfers and Additions/(Deductions) Excess of Restricted Receipts over Transfers to Revenues $ $ $ $ Plant Additions (1,058,334) (1,058,334) (630,442) Other Transfers and Changes

Net lncrease/(Dccrease) for the Year $ (596,202) $ $ (596,202) $ 172,047

9 Schedule I

University of Ark:rnsas Schedule of Current Funds Revenues For the Year Entletl June 30, Z0IS

20!6-!7 Unrestricted Restricted Total Total Educational and Genernl Tuition and Fees U. of A. - Faycueville Registration• Fall s 89,997,164 s 89,997,164 s 84,93 l,664 Registration - Spring 83,616,231 83,616,231 78,881,282 Registration • Summer I 4,736,931 4,736,931 4,751,460 Registration - Summer II 3,994,857 3,994,857 4,255,212 Registration - Intersession Fa!! Registration • Intersession Spring Registration - Intersession Summer Off-CampusCenters & Distance Education 33,191,90! 33,191,901 30,482,133 Non-Resident Tuition 48,135,950 48,135,950 42,787,298 Independent Study Fees 358,744 358,744 388,731 Cultural Activity Fees 256,691 256,691 274,668 Application Fees 1,219,095 !,219,095 1,193,698 Late Payment Fee 514,524 514,524 525,372 TELE Fees 13,636,787 13,636,787 13,131,067 Network and Technology Fees 7,467,255 7,467,255 7,258,483 Freshman Orientation 620,838 620,838 813,898 Facilities Fees 12,834,014 12,834,014 11,419,394 Nationa!/lntcnmtional Credit Fees 2,365.596 2,365,596 887,424 Other 3,272.019 3,272,019 2,815,927 306,218,597 s s 306,218,597 s 284,797,711

Clinton School Registration - Spring s 949,430 s 949,430 s 562,220 Application Fees Other s 949,430 s s 949,430 s 562,220 Total Tuition and Fees s 307,168,027 s s 307,168,027 s 285,359,931

Sime of Arkansas Appropriations U. of A.• Fayetteville 128,414,582 s 1,608,533 s !30,023,115 s 129,604,517 Agricultural Experiment Station 36,753,270 1,597,366 38,350,636 38,231,601 Cooperative Extension Service 31,995,971 31,995,971 31,939,085 Arkansas Archeological Survey 2,470,474 2,470,474 2,538,070 Criminal Justice Institute 2.025,769 2,025,769 2,075,769 Clinton School 2,295,575 2,295,575 2,315,575 AREON Total State of Arkansas Appropriations 203.955,641 s 3,205,899 207,161,540 s 206,704,617

Federal Appropriations Agricultural Experiment Station Hatch s s 3,3 l 1,087 s 3,311,087 s 3,318,651 Regional Research 981,248 981,248 979,720 Animal Health 76,675 76,675 77,353 McIntire-Stennis 1,099,466 !.099,466 1,055.127 s s 5,468,476 5,468,476 s 5,430,851 Cooperative Extension Service Smith-Lever s 5,054,309 s 5,054,309 s 6,493,437 Civil Service Retirement s s 5,054.309 s 5.054.309 s 6,493,437 Tota! FederalAppropriations s s 10,522,785 s 10,522,785 s ! 1,924,288

County Appropriations Cooperative Extension Service s 4,460,212 s 4.460.212 s 4,144.629 Total County Appropriations s 4,460,212 s 4,460,212 s 4,144,629

10 Schedule 1

University of Arkansas Schedule of Current Funds Re\"Cnucs For the Year Ended ,June 30, 2018

2016-17 Unrestricted Restricted Tota! Total Endowment Income U. of A Fayetteville s 527,692 s s 527,692 s 523,429 Agricultural Experiment Station 172,135 172,135 170,014 Arkansas Archcological Survey 13,22! 13.221 4,349 Total Endowment Income s 540,913 s 172,135 s 713,048 s 697,792

Federal Grants and Contracts U. of A. Fayetteville s 27,352,276 s 27,352,276 s 22,649,558 Agricultural Experiment Station 5,745.642 5.745,642 4,752,255 Cooperative Extension Service 6,033,328 6,033,328 4,970,333 Arkansas Archeologica! Survey 120,516 120,516 35,172 Criminal Justice Institute 1,605,103 1,605,103 1,114,603 Clinton School AREON Total Federal Grants and Contracts s s 40,856,865 s 40,856,865 33,521,921

Stale and Local Grants and Contracts U. of A. Fayetteville s 29,393,418 s 29,393,418 s 29,692,844 Agricultural Experiment Station 2,213,822 1,525,324 3,739,146 1,441,184 Cooperative Extension Service 3 !1,503 3 !1,503 465,648 Arkansas Archeological Survey 75,742 75,742 64,458 Criminal Justice Institute 382,723 693,370 1,076.093 852,497 Clinton School 30,296 30,296 15,000 AREON 361,809 361,809 252.668 Total State and Local Grants and Contracts s 2,958,354 32,029,653 s 34,988,007 s 32,784,299

Private Gifts, Grams, and Contracts U. of A. Faycncvillc s 5,766,229 s 24,191,590 s 29,957,819 29,188,124 Agricultural Experiment Station 6,341,997 6,341,997 10,662,249 Cooperative Extension Service 359,204 4,858,603 5,217,807 6,135,194 Arkansas Archcological Survey 33,978 46,334 80,312 44,531 Criminal Justice Institute 125,000 125,000 Clinton School 106.668 106,668 451.000 Total Private Gifts, Grants, and Contracts s 6,159,411 s 35,670,192 41,829,603 s 46,481,098

Sales and Services U. of A. Fayetteville State of Arkansas t.-1 & R Sales s 82,314 s s 82,314 s 10,084 Transcripts 252,917 252,917 279,456 Veterans Administration Independent Study Books & Supplies Independent Study Book Rentals Administrative Cost Recovery (81) (R!) 99 Educational Departments 1,464,355 1,464,355 !,281,231 Computing Services 32,625 32,625 33,266 University of Arkansas Press 524,208 524,208 601,285 Sales to Auxiliaries Other Sales and Services 7,051.023 257.443 7.308,466 6,696,679 s 9,407,36! s 257,443 s 9,664,804 8,902,100

Agricultural Experiment Station Agricultural Products & Services 4,397,662 s 4,397,662 s 3,772,614 State of Arkansas M & R Sales 82,121 82,121 I 1,25! Other Saks and Services 1.)48,745 1.148.745 991,215 s 5,628,528 s s 5,628,528 s 4,775,080

11 Schellule I

University of Arkansas Schedule of Current Funlls Revenues For the Year Ended June 30, 2018

2016-17 Unrestricted Restricted Total Total

Cooperative Extension Service s 3,673.235 s 3,673,235 s 3,656,767 Arkansas Archeo\ogical Survey Criminal Justice Institute 4,700 4,700 7,887 Clinton School 8,226 8,226 1,860 Soils Testing State Plant Board 1,725,37! 1,725,371 2,075,950 AREON 5,411,532 s 5,411,532 s 5,742,464 Total Saks and Services 20,447,421 s 257,443 20,704,864 s 19,419,644

Other Sources U. of A. - Fnye\teville Rent s 207,170 s s 207,170 s 158,549 Investment Income 2,829,525 2,829,525 1,073,l !7 Trnffic Fines 29,862 29,862 30,369 LibrnryFines 9,498 9,498 12,286 Treasurer Fines 8,628 8,628 13,522 Administrative Service Charge 24,833 24,833 22,467 Legal Education Fund 873,476 873,476 873,476 U of A Foundation 56,157,283 56,157,283 48,995,977 lnsurnncc Settlements 57,3!7 57,317 30,403 Royalty Income 1,942 !,942 5,479 1'.·lisce!laneous Income 6,696.571 15,!60 6,711.731 6,503,538 s 10,738,822 s 56,172,443 s 66,911,265 57,719,183

Agricultural Experiment Station Royalty !ncomc s 1,913,004 s s 1,913,004 s 1,096,304 Investment Income 41,917 58,332 100,249 35,990 U of A Foundation 1,695,184 1,695,184 l,591,206 Miscellaneous Income l,009,623 38,800 1.048,423 !.062.080 2,964,544 s 1,792,316 4,756,860 s 3,785,580

Coopcrntive Extension Service s (620,826) s 7,777 s (613,049) s 1,993,128 Arkansas Archeological Survey 8,102 8,102 11,541 Criminal Justice Institute 38,389 38,389 61,044 Clinton School 2!,831 147,906 169,737 205,63 l AREON 3,123.643 3.123.643 2.924,510 s 2,571,!39 s 155,683 s 2,726,822 s 5. 195,854 Total Other Sources s 16,274,505 s 58,120,442 s 74,394,947 s 66,700,617

Student Aid U of A. - Faycnevil!e Federal Government s 22,967,108 22,967,108 s 21,636,736 Srnte of Arkansas 28,876,538 28,876,538 26,523,996 Endowrnent Income 1,983,118 1,983, I 18 1,915,900 Gifts 699,029 699,029 2,337,326 Other Sources 753.254 753.254 766.381 Total Student Aid s 55.279,047 s 55,279,047 s 53,180.339 Total Educational and General 557.504.272 s 240,574,673 s 798.078,945 s 760,919,175

AuxiliaryEnterprises Intercollegiate Athletics s 108,395,939 s 10,884,866 s 119,280,805 s I 18,748,747 Bookstore !3,982,163 13,982,163 15,130,837 Residence Life 69,069,152 2,179 69,071,33! 65,718,237 Fraternityand Sorority Housing (60,617) (60,617) (18,077) Arkansas Union 8,261 8,261 10,854 Student Health 8,713,921 8,713,921 9,757,962 Trnnsit and Parking Services I 1,484,838 11,484,838 11,339,282 Student Activities 2,706,715 2,706,715 2,358,906 Other Auxiliary Enterprises 534,622 534,622 519,554 Torn! Auxiliary Enterprises 214,834,994 s !0,887,045 s 225,722,039 s 223,566,302

Total Current Funds Revenues (to Exhibit B) s 772,339,266 s 251,461,718 1,023,800,984 s 984,485,477

12 Schedule 2 Uuinrsity or ,\rk:10,us Schedule of Current Funds F.�prndilurc, Far !he Yc:,r F.ndcd ,lune 30,2018

2016-17 Unrestricted Restricted Tom! Total Educational and General Instruction U of A - Fayetteville College of Agric11l1urc �nd I Jome Economics t!,651.919 18,lO0 11,670.019 s 11,114,648 School of Architecture 3,917.861 329,886 4,247,747 4,0!4,657 F11lbrigh1 College or Artsand Sciences 71,333.051 6,648,591 77,981,642 74,519,825 Cullcge or Business Administr:nion 31,675.107 4,254,787 35,929,894 32,941,889 College of Educmio11 20,537.533 13,174.020 33,711,553 31,550,019 College of Engineering 22,751.243 1,759.598 24,510,841 22,267,818 Graduate Sclmol 3,1 !2,123 27,758 J, 139,881 J.747,%9 School ol'Law 6,920,886 334.570 7,255,45(, 6,820,451 Division of Co,l!inuing Education 3,962,110 445,014 4,407.124 4,! l 1.545 Summer School & O1her lnstructio11 10,133,896 2,604.779 12,738.675 7,564,064 Tola! !ns1ructinn. U of A- Faycuevillc 185,995,729 29,597,103 215,592,832 198,652,885

,\gricutmral faperiinent Statimi s 9,203 9,203 5,765 Arkansas Archcological Survey 75.743 75,743 70,948 Clinton School 2.116,963 !47.906 2,264,869 1.891,638 Total Instruction 188,112.692 s 29,829.955 217.942,647 200,621.236

Research lJ nf A - Fnycuc"ille Research und Sponwrcd Programs 912.133 912,133 s 805.688 llio-MnssResearch Ccmcr College or Agriculture and I lomc Economics (,09.072 857,282 1,466.354 1,487,258 School or Archik-chirc 127.818 88,928 216,746 151.126 Fulbright College nf Aris and Sciences 8,714,661 10,248.389 18,963.050 16,327,269 College of Business ,\dministmtinn 1,355.566 2,564, I 03 3,9!9,669 3,711,200 College nfEducation 1,935,255 12.103,4!4 14,038,669 11,447,004 Cnllcgc nf Enginccri11g 9,093.520 17,793.530 26,887,050 24,629,761 Graduule School 14,156 545,002 559,!58 498,020 School of Law 650,030 1.300.648 l,950,678 1,153,589 Other Research 6,699.357 1,729.217 8,428.574 5,735,347 Tntal Research. U of,\ • l'n}'Ctlcville 30,! l 1.568 47,230,513 77,342,081 65,946,262

Agricultural Experiment Slulion 44.963,992 21,957.412 66,921,404 66,170,986 Arkansas Archcological Survey 2,411,809 l 12,581 2,524,390 2,492,185 Coopcrauvc !:xtcns1on Service Chnlon School 55,304 55,304 4,582 Criminal Justice lnslilulc To1al Research 77.487,369 69.355,810 146,843,!79 s 134,614,015

l'uhlic Services lJ nl'A- Fayellcvillc College or Agriculture und I lome Economics 1,277 l,277 60,680 School of Architecture 2,550.211 1,049.958 3,600,169 3,420,557 Fulbright College of Arts and Sciences 1,267,344 324.424 1,591.768 1.603,465 School of!.nw 616,592 572,426 l,!89,018 1,410,460 College of Business Adminis1rJtion 1.227.547 l,015,959 2,243,506 2,381,151 College of Education 655,088 4,473,401 5,128,489 4,656,809 College of Engineering 684,809 295,407 980,216 953,372 Division of Continuing Education 219,197 71.028 290,225 301,876 Other Public Service 3,547.320 2.346,9!3 5,894,233 5,054.808 Total l'uhlic Services• U of A - Fayctlevil!c 10,769,385 s 10,149,516 20,918,901 19,843,178

Agricultural fapcrimell\ S!atiml ArkanSl!S Archcological Survey Conperativc Ex1cnsion Sc1>·ice 37,906,445 20,022,884 57.929,329 57,643,245 Crimin�I Jus1ice Institute 2,659,288 2,131,521 4.790,809 4,320,566 Clinton School 404,568 404.568 216,742 AREON Winthrop RockctC!lcr ln.>litulc Tol�I Public Services 51,335.!18 32.708,489 84,043,607 82,023,731

13 Schedule 2 Uni\'crsity or Arkan.ms Schedule of Current Funds Expenditures For the \'cur Entlcll ,June JO, 2018

2016-17 Unrestricted Reslrictcd Total Total Academic Support U or A - Fayene\·illc College or Agriculture and I lomc Economics 2,009,25 ! 116.2S2 2.125,533 2,008,414 School of Architccturc 2,699.828 628,276 3,328.!04 3,088,518 Fulbright College of Arts and Scicnc.:s 3.841,673 1.552,201 5.393,874 4,663,887 College of Business Administrntion 4,221,330 1.399,975 5,621,305 5,022,672 College of Educmion 2,925,!81 143,728 3,068,909 2.738,296 College of Engineering 2,167,675 181.237 2,348,912 2.058.552 School of Law 1.850.328 71.95! 1,922,279 1.788.8!9 Graduate School 3.969,338 6,830,,-!07 10,799,745 9,691.216 l)h isi,m ofCominuing Education 2.667.532 2.667,532 2,580,943 Lihrn!")' 14,118,975 2,251,841 16.370.816 15.504,426 Ori;ani1..:dActil"ities Rclmcd to !nslruction 17.448 17,448 21,115 U11i1•ersit>" of Arkansas Press 902.083 54,067 956,150 937,388 Other Academic Suppon 4.503.230 61.42! 4.564.65 I 2,159.653 Total Academic Suppon - U of A - Fayetleville 45,893,872 13,291,386 59,185,258 52,263,899

Arkansas Archcolt>gica\ Sun'e)' 7.669 7,669 13,882 Criminal Juslice Institute Climon School 353.019 353.019 351.202 Tomi Academic Support -16,254.560 13.291,38(, 59,545,946 52.628,983

Student Services U of A - Fayetteville Admissions s Career l'l.mning and Placement 983.503 20,855 1,004,358 837.756 Education 3.546.025 58.651 3,604.676 3.166,775 General Administration 23,102,636 460.703 23.563,339 16,953.090 Computing Sen·ices General Student Services 7,630 7,630 Registmr l.833.046 1,833.046 1,851.542 Student Development 3,019 3,019 3,240 Student Financial Aid Other Student Sen·iccs 6.452.340 788,!08 7,240,448 6,666,541 T11tnl Studclll Services - U nf A - FaycHevilte 35,920.569 1.335,9-17 37,256.516 s 29.478,944

Clinton Schnol 226,568 226.568 ! 77,332 Tomi Student Services 36.147,137 1.335,9-17 37,483.084 29,656,276

Institutional S11pport U of,\ • Fayctte\·il!c Gener.ii Adminislrntion 12,695,256 280,157 !2,975,413 12,243,761 Gener.ii Institutional Expenses 21.598,!75 5.015,662 26.613.837 46,778,866 Total lnslitu1ional Suppon - U or A • Fa)·etlcl"ille 3-1.293.431 5,295,8 ! 9 39,589,250 59,022,627

1\grict1ltural E.xpcrim.:nt Stmion 57,136 57,136 s 39,501 Clinton School 258.322 258,322 257.559 Tomi !11sti111tional St1ppor1 34,551.753 5.352,955 39,904,708 59,319,687

Openuion and Main1enance ofl'lant lJ of A - Faycucville General Opcrntion and r-.faimcnance 13,090,857 13,090.857 13.452.165 Utilities 9,276,966 9.276.966 11,083.648 l'otal O & M ol'Plant - U of A - Fayctlcvillc 22.367,823 s 22,367,823 24.535,813

Clinton School (41,097) s {41,097) 32,506 ,\REON 3,023,320 3.023.320 2,374,689 "l'lltal Operation and Mnintenancc of Plaut 25,350.046 25,350,046 s 26,943,008

Schol.in;hips and Awards U of A - f'il)'Cl\eville General Scholan.hips and Awards 19.767,791 73,359.644 93,127.435 84,302,236 Total Scholarships and ,\wards - U or,\ - foyclleville 19,767.791 73,359,644 93,127.435 84.302.236

Agricullural Expcrimcnl Smtion 40,100 40.100 47,900 Clinton School 358.291 358,291 391.677 Tolal Scholarships and ,\wards 20,126.082 s 73.399.744 93,525,826 84,7-11.813 Tota! Edurn1ional .ind General 479.36�.757 s 225.274.286 704,639.043 670.548,749

Au:,.ilia!")' Enterprises U of A. Fuycltcl"illc Intercollegiate Athletics 89.013,!84 !0,884,866 99,898,050 89,910,860 13ookstorc l-1,487,188 14.487,188 14,677.520 Residence Life 39,732,547 2.343 39.734,890 38,602,934 Frmemity und Sororit} ! lou,ing 2,312 2,3!2 2,333 Arkansas Union 643,717 643,717 624.989 S1udent I kalth 7,806,341 7,806.341 8,474,192 Transit nnd Par�ing Scr1·iccs 5,018.845 5,018,845 4.335,473 Student Accivitics 1.886,237 1.886,237 1,877,764 Other Au.xiliury Enterprises 1.756,687 1.756.687 1.9-11.285 Total Auxiliary Enlcrprises s !60.347.058 10,887.209 s 171,234,267 s 160.447,350 Tomi Currcot Fumls Expenditures s 639.711.815 236.161.495 s 875,873.310 s 830.996.099

14 Schedule 3 Unhcnity of Arknn,,,� Schedule ofClmn�cs in Scn·icc 011cr,,1ion, For t11c Year Ended June JO, 20111

Balance Balance Juhl.2017 Rc,cnucs Transfrr,; fapcnduurcs Junc30, 2013

Anal) tical $cr\1ccs Lab 12,143 200 (IU20) (18,824) lice AR Ek-ctncal Characten,auon (AREC) Lab c MASC Stallillcs Consuhmg Cenler Mass Spc"Clromc!ry 82,727 (15,000) !4,47! 53,256 Matena!s Charnctcro,..iuonLab IO8 NMR Fac,h!) (8,808) &,80& Passport$er, ICC$ 15,%0 (I 1,326) 4,634 Ph) s,eal Plant Accounls Rccc1,ablc 27.1% 7,234 34,430 Physical Plant Adnton,strat1''C Cos I Rcco,·el) (21,666) (21,666) Ph) s,cal Plnnl Contract Clcarmg 12,623 (M,297) (11,674) Ph)Stcal Pbnl Ele.:mc,l) Clearing Pll)Stcal Plan! Stoel.. ln,cntory 456,27& 68,776 387,506 Ph)s1cal Pl�nt Water Clcarmg Ph) S1es $hop 13,949 2,6H 3,05! 13,542 Pos1agc Due ' 545 550 Postage Meter $cr,1cc 20,617 20,617 Prm1,ng Scmces l 17.392 (41.388) (383,803) 459,807 Prmung Ser,,ccs ln,cntoncs 55,998 1.275 54,723 Pnnlmg Scr,1ccs Rcscr,·c 605,360 (%,046) 7,551 501,763 Research lnstrnmcnlat,on Scr>i-cs '93 '" "" R W,lloams - ASL -CVEG Sale of Air Force Umfom1s Son"a,c L,ccnscs 76.155 CS 1,076,959 1,076,959 Tcsllng Scr>tCCS 68,070 328,553 (16

15 Schedule 4 University of Arkansas Schedule of Changes in Auxiliary Enterprises For the Vear Ended June 30, 2018 Additions Deductions Net Transfers Balance Revenues and Debt Balance Jul� I, 2017 Other Additions ExQenditures Service lnterfund lntrafund June 30, 2018 Intercollegiate Athletics $ 5,689,342 $ I 08,395,939 $ 89,013,184 $ 12,421,363 $ (6,910,358) $ $ 5,740,376 Bookstore (69,854) 13,982,163 14,487,188 1,030,723 1,534,646 (70,956) Residence Life 13,364,944 69,069,152 39,732,547 16,468,276 (14,651,957) (1,438,653) 10,142,663 Fraternity and Sorority Housing 386,286 (60,617) 2,312 158,934 164,423 Arkansas Union 29,471 8,261 643,717 19,932 645,669 59,616 Student Health 683,452 8,713,921 7,806,341 467,699 (336,912) 786,421 Transit and Parking Services 6,389,586 11,484,838 5,018,845 4,275,953 (3,222,047) 5,357,579 Student Activities 279,451 2,706,715 1,886,237 21,843 (564,338) 557,434 Other Auxiliary Enterprises (405,663) 534,622 1,756,687 357,577 1,211,529 1,357,322 583,546 $ 26,347,()_li_ $ 214,834,994 $ 160,347,058 $ 35,180,525 $ (22,333,324) $ $ 23,321,102

16 Schedule 5 University of Arkansas Schetlule of Cash, Cash Ec111ivalents, and Investments As of .June 30, 2018 Plant Funds Current Funds Endowment Renewals and Debt Agency Total Unrestricted Restricted Loan Funds Funds Unexeended �lacements Retirement Funds Cash and Cash Equivalents Cash and Cash Equivalents s 146,205,885 $ 128,128,932 s 16,696,845 $ s s 2,463,645 $ $ s (1,083,537) State Treasury Cash 1,393,861 1.376,212 17,649 Total Cash s 147,599,746 $ 129,505,144 $ 16,696,845 $ $ $ 2,481,294 s s s (1,083,537)

Investments Mutual Treasury MM Funds s 864,927 s 861,240 s $ s 3,687 $ $ s s U.S Treasuries 105,753,213 105,753,213 Federal Agencies 16,635,500 16,635,500 Commercial Paper 62,070,045 62,070,045 Mutual Bond Fund 153,903 153,903 Corporate Notes/Bonds 35,319,114 35,319,114 Non-negotiable CD 54,000 54,000 Negotiable CD 21,104,988 21,104,988 External Investment Pool 162,132,891 79,690,098 82,442,793 Other Investment 984,553 383,00 I 601,552 Total Investments s 405,073,134 s 321,817,199 s s s 83,255,935 s $ $ s

Total Cash and Investments s 552,672,880 $ 451,322.34}_ s 16,696,845 s s 83,255,935 $ 2.481,294 $ $ .!____J!,983�53 7)

17 Schedule 6 University of Ark:ms:1s Schedule ofCh:mges in Loan Funds For the Yc:1r Ended ,June JO, 2018

ADDITIONS DEDUCTIONS COMPOSITION OF BALANCE Gilis Interest and Transfers Balance Appropriations, Investment and Other Notes Balance Cash and Other Net July I. 2017 and Other Income Income Changes Charged Off Other June 30, 2018 Investments Assets U.S. Govcmmcnt Participationin Loan Funds: Perkins Loan s 16,410,889 s 2,11,046 s 274.533 s s 164.059 s 232,659 $ 16,529,750 s 1,510,964 $ 15.018,786 Nursing Student Loan Funds 3,377 ,17 3,424 3,424 �4!4,26§_ $ 241,046 s 274,580 s s 164,059 s ______1R659 s 16._?33,174 s 1.514,388 s 15,018,786

Institutional Loan Funds: Matching Fund for U.S. Gov't Participation S 55.697 s $ s s $ s 55,697 s 55,697 s Ben J. Altheimer Fund 25,237 25,237 25,237 American Federation of Women's Clubs 3,255 3,255 3,255 Ray Anderson Loan Fund 1,576 1,576 1,576 Donald P. Callaway Loan Fund 5,000 5,000 5,000 Carter Loan Fund 412 412 412 Christian Science Foundation 556 556 556 Civic Club 512 512 512 Corps ofEugincers Fund 2,284 2,284 2.284 Elmer C. & Emma Z. Davidson Fund 53,752 (4) 53,756 53.756 Robert Dean Joumalism Loan Fund 41,282 1,485 42,767 42,767 7 Early Loan Fund 247 247 24 Emergency Loan Fund (181) (181) (181) Frost Loan Fund 1,275 1,275 1,275 Jack Galloway Memorial Loan Fund 870 870 870 W.J. and Jenny York Hamilton 10.146 10.146 10,146 Neil F. Hamion Memorial 3,742 3,742 3,742 Roscoe C. Hobbs Loan Fund 4,242 4.242 4,242 Judge Scabo111 & Lucille Miles Holt Memorial 10,865 10,865 10,865 IFC- Panhcllcnic Loan Fund 3,482 3,482 3,482 LEAA Loan Fund (294) (294) (294) Bmcc Mitchell Memorial Loan Fund 66,783 2,219 9 (97) 69,108 67,767 1,341 Polk Nunneley Family Loan Fund 463 463 463 Donald \V. Reynolds Loan Fund 78 78 78 Semi-Centennial Loan Fund 8,368 8,368 8,368 Erwin H. Shinn Student Loan Fund 8,761 8,761 8,761 State Student Loan Fund 127,714 (48) 127,762 127,762 Henry Thana Loan Fund 4,899 4,899 4,899 Samuel. Bertha J. & Alvin S. Tillcs Loan Fund 102,120 102,120 !02,120 Marie M. Waits Fund 536 536 536 E.A. Walker Memorial Loan Fund 28,544 28.544 28,544 Alexander Dixon & Martha R. Whitehead Loa 73.821 2,295 4 76,112 76,112 Col. O.S. Wood Scholarship 8,918 8,918 8,918 Loan Funds Undistributed 11.401 11,401 I 1,401 United Student Aid Deposit Rccci\'able 5,000 5,000 5,000 Jesse \V. Cannon Foundation 500 500 500 Nurse Faculty Loan Program 98.088 163.4!6 2.657 18.157 282.318 171,048 111.270 $ 769.:21.!__ s 169.415 s 2,666 s 18,157 s (145) $ s 960,334 s 847.723 s 112,611

Cash $ (1,453,049) s s $ 21,691 s $ 930,850 $ (2,362,208) $ (2,362,111) s (97) Pooled Investments 1,441,239 (893,068) 2.334,307 2,334,307 Interest Receivable 974,297 1,169 72,640 1,048,106 1,048,106 Accounts Receivable 7,142 (16,142) 23.284 23,284 Accounts Payable 39 (39) {39) Doubtful accounts (840,157) (21,679) (818,478) (818,478) Total (to Exhibit B) s l]_.313.689 $ 4 J__!.,_630 $ 349.886 s 39,848 s 163.914 s 232,659 $ l7,718,48Q__ s $ 17,718.480 18 Schedule 7 University of Arkansas Schedule of Changes in Endowments and Similar Funds For the Vear Ended .June 30, 2018 Exf)enditures Balance Distributions to and Fund Balance Jul_rl, 2017 Gifts Revenues Current Funds Transfers ,June 30, 2018

True Endowments Governor Homer M. Adkms Fund s 33,957 s s 2,991 s (1,344) s s 35,604 Lila M. Adkisson Memorial Fund 54,802 4,826 (2,169) 57,459 Henry Alexander Memorial Fund 10,847 1,000 993 (443) 12,397 AlfredAllen Scholarship Fund 106,639 9,389 (4,220) 111,808 Roy B. Allen Scholarship 33,801 300 2,986 (1,342) 35,745 Ben J. Altheimer Chair - Cotton 1,207,484 106,334 (47,796) 1,266,022 Ben J. Altheimer Chair - Soybean 1,842,804 162,282 (72,944) !,932,142 Louis Alton Endowed Athletic Scholarship 76,293 6,718 (3,020) 79,991 Alumni Endowed Chair 538,930 47,459 (21,332) 565,057 Ark. Territorial Sesquicentennial 143,646 12,650 (5,686) 150,610 W. l Arnold Memorial Fund 16,551 1,457 (6SS) 17,353 Etna McGaugh Atkinson Fund 2,043,378 179,944 (80,883) 2,142,439 Baerg Award 7,277 641 (288) 7,630 Charles & Anieta Baker Scholarship 25,248 2,223 (999) 26,472 Virgil Baker Scholarship Fund 46,111 4,083 {1,835) 48,359 Marvin & Reva Bass Scholarship-Men's Athletic 174,572 15,897 190,469 Marvin & Reva Bass Scholarship-Women's Athletic 174,572 15,897 190,469 Aubrey Jane Batson Memorial 60,61 I 5,338 (2,399) 63,550 Baucum-Fulkerson Memorial Fund 6,197 S4S (24S) 6,497 Ray L. Belknap Class Of 1919 Fund 456,150 40,171 (18,057) 478,264 James Hand Betty J Bennett Endowed Scholarship Total 91,941 8,284 (949) 99,276 Dr Rudyard & Marguerite Bent Endowment 41,235 3,632 (1,632) 43,235 Roy C. Biggadike Memorial Fund 45,408 3,998 (1,797) 47,609 Lanie Black Scholarship Fund 76,457 6,733 (3,026) 80,164 Samuel T & MaryI Blair Fund 10,001 3 10,004 Samuel T & M:iry I Blair Fund 57,143 4,962 (2,257) 59,848 A.W. Blake Memorial Fund 20,826 1,834 (824) 21,836 Vol Boatwright Trust 61,692 5,433 (2,442) 64,683 Vol Boatwright Trust - Law 61,692 5,433 (2,442) 64,683 Boles-Vaulx Scholarship Fund 265,820 23,409 (10,522) 278,707 Katherine Bolenbacher Memorial Fund 78,413 6,905 (3,104) 82,214 Hazel Hinds Briggs Fund 8,073 711 (320) 8,464 William Jennings Bryan Fund 8,221 723 (325) 8,619 Mamie Bull Memori:il 63,506 5,592 (2,514) 66,584 Barbara Wertheim Campbell Fund 46,410 4,087 (1,837) 48,660 T.C. & Rosemary Carlson Memorial 22,132 1,949 (876) 23,205 Mr. & Mrs. Cy Carney Scholarship 410,004 36,106 (16,229) 429,881 GovernorFrancis A. Cherry Fund 32,359 2,849 (1,281) 33,927

19 E.E Walker & G L Cleveland 226,733 19,966 (8,975) 237,724 Verda Barnett Coker Mem Fund - UT 40,638 3)00 44,338 Virginia Cole Education Fund 147,781 !3,0!4 (5,849) 154,946 John Davenport Memorial Scholarshi 30,874 30,100 2,972 (1.272) 62,674 I-lester A. Davis End0\\1ncnt forARAS 442,926 39,247 (13,221) 468,952 Jun Davis Memorial Fund 6,486 571 (257) 6,800 Robert Dean Trust Fund 37,516 3,304 (1,485) 39,335 Fred L Delzell Memorial Fund 43,304 3,828 (1,721) 45,411 J.W. Dickey Sr Scholarship 58,639 5,164 (2,321) 61,482 William E. Dickson Memorial Fund 39,784 3,503 (1,575) 41,712 Droke-Dunn Scholarship 13,785 1,214 (546) !4,453 I !al C Douglas Endowed Scholarship 142,109 12,538 (5,636) 149,01 I Dulan Distinguished Chair Finance 459,085 40,428 (18,172) 481.341 Lynn Waite Dunlap Fund 7,667 675 (303) 8,039 David Durst Art Award 10,632 937 (421) 11,148 Earl J &Lillian P Dyess Endw Chair 1,707,922 152,377 {51,149) 1,809,150 Charles H. Earl Scholarship Fund I 9,441 1,712 (770) 20,383 Orpha Eden Memorial Fund 18,925 1,723 20,648 Blanche Hanks Elliot Fund 75,173 6,620 (2,976) 78,817 Lester Elliot Fund 49,085 4,323 (1,943) 51,465 Elms Farming - R.S. Barnett 1,272,895 112,094 (50,385) 1,334,604 Norn Hill English Memorial Trust 329,210 28,992 (13,032) 345,170 NinaJ. Erickson Memorial Art Sehl 78,024 6,871 (3,088) 81,807 Nina J. Erickson Memorial Music Sehl 78,024 6,871 (3,088) 81,807 L W & EL Estelle Sehl Trust Agri 32,599 2,871 (1,291) 34,179 L W & EL Estelle Sehl Trust A&S 32,599 2,871 (1,291) 34,179 L W & EL Estelle Sehl Trust BA 32,603 2,872 (1,291) 34,184 L W & E L Estelle Sehl Trust Educ 32,599 2,871 (1,291) 34,179 L W & E L Estelle Sehl Trust Engr 32,599 2,871 (1,291) 34,179 Dr/Mrs James Burns Ewart Mem Fund 468,569 51,592 (18,916) 501,245 Dr & Mrs James B Ewart Fund 221,291 12,086 (4,481) 228,896 Farison Athletic Scholarship 44,308 4,034 48,342 James J. Hudson Fellowship 60,291 5,309 (2,386) 63,214 Jim G. Ferguson Fund 314,959 27,737 (12,467) 330,229 Virgil & Inez Fielder Fund 33,371 2,939 (1,321) 34,989 Mario William Fields Jr Endowed Award 26,904 2,369 (1,065) 28,208 Henry Finkbeiner Memorial - UT 303,301 24,312 (11,952) 315,661 Henl}'Finkbeiner Memorial Athletic 394,271 (661) 393,610 Lester Fisher Endowed Scholarship 25,167 2,216 (996) 26,387 First Arkansas Bankstock Corp 515,924 45,434 (20,422) 540,936 Joseph F Fleming Fund 254,200 10,748 (3,045) 261.903

20 Schedule 7 University of Arkansas Schedule of Changes in Endowments anti Similar Funds For the Ye:1r Ended June 30, 2018 Expenditures Balance Distributions to and Fund Balance Revenues Current Funds Transfers ,June 30, 2018 ,July}! 2017 Gifts True Endowments (cont.)

Joseph F Flemmg Chancellors Fund s 280,376 s s 11,259 $ s (3,307) $ 288,328 330,089 Edsel Ford Memorial Fund 314,827 27,724 (12,462) W Gatewood History Graduate Fellow 85,159 7,600 7,711 (3,444) 97,026 7,780 Gatchell Memorial Fund 7,420 654 (294) Gerber Endowed Scholarship l01,237 8,915 (4.007) 106,145 Rebecca Sholley Gifford Fund 42,145 3,712 (1,669) 44,188 William Wnrd Goodman Fund 13,101 1,154 (519) 13.736 5,605 Eva Dickson Greene Fund 5,346 471 (212) Harold D. Hantz Award Fund 20,\ 19 1,772 (796) 21,095 Dr Harold Hantz Scholarship Fund 30,979 2,727 (1,226) 32,480 5,012,421 Harris Chair In Transportation 4,780,659 420,997 (189,235) 1,096,120 Oren Harris Chair In Logistics 1,045,438 92,064 (41,382) 324,198 T. Harrod Athletic Scholarship Fund 297,140 27,058 30,724 Adele Ramsey 1-leerwagen Scholarship 28,159 2,565 Irving N Hepner Memorial Scholarsh1p 38,657 3,405 (1,530) 40,532 Daisy Y & Richard Y Holcombe Mem Sehl 36,282 300 3,217 (1,444) 38,355 23,076 Fred W. Holt Fund 22,009 1,938 (871) 717,378 Paul V Horton Endowed Student 657,505 59,873 (4,915) 130,179 1--L G. Hotz Scholarship Fund 124,160 10,934 6,424,713 Marie Wilson Howells Trust Fund 6,127,647 539,620 (242,554) 48,723 Mary D. Hudgins Scholarship 46,470 4,092 (1,839) 86,523 Mary Dengler Hudgins Music Fund 82,522 7,267 (3,266) Mary D. Hudgins Music - Library 121,516 10,701 (4,8IO) 127,407 16,626 Donnan: BH,RD Hudson, MD Cook Fund 15,858 1,396 (628) Evans R Hudson Memorial Fund 87,370 7,956 95,326 43,900 Ingalls Drama Scholarship/Wallie B & Mar 41,870 3,687 (1,657) 39,769 W B & M Ingalls Music Sehl 37,926 3,347 (1,504) 111,353 AC & MB Jennings Endowed Scholarsh 106,204 9,353 (4,204) 69,189 Michael JoITc Scholarship Fund 65,973 5,842 (2,626) 148,777 Coulter Jones Fund 141,898 12,496 (5,617) Isabel Elias & Virgil L. Jones Fund 152,976 100 14,067 (6,323) !60,820 26,721 Kanady-Schaller Horticulture Fund 25,486 2,244 (1,009) 74,573 Keith Kennedy Scholarship Fund 71,125 6,263 (2,815) 2,265,026 AGRI Land Grant Scholarships 2,160,297 190,241 (85,512) WJ. Lemke Fund 86,812 7,658 (3,442) 91,028 1,055,090 Gus Lewis Endowment 1,006,306 88,617 (39,833)

21 Bnck LIie Trust Fund 1,053,312 95,916 1,149,228 George D. Lingelbach Mcmorrnl 11,124 300 981 (441) 11,964 Berry Dean & Ova Loftis Fund 27,820 2,450 (1,101) 29,169 Main Library Endowment Fund 19,183 1,689 (759) 20,113 R. Coin Mason Fund !09,345 9,630 (4,328) 114,647 Felix C. McKean Memorial Award 35,390 3,! 16 (1,401) 37,105 Ed. I. McKinley Fund 35,874 3,159 (1,420) 37,613 McMahan Memorial Scholarship 27,906 2,458 (1,105) 29,259 Francis Mcdaris Orchestra Sehl Endowment 807,551 71,329 (32,062) 846,818 I-lolly Turner Meeks Scholarship Fund 176,777 25 15,570 (6,998) 185,374 Memphis Journalism EndO\\�ncnt 31,014 2,757 (1,239) 32,532 Edward Baylor Meriwether Fund 28,863 2,542 (1,143) 30,262 Don Miller Memorial Fund 86,449 500 7,653 (3,436) 91,166 Dr. Jennie Lou Milton Fund 69,499 6,120 (2,751) 72,868 Bruce Mitchell Memorial Fund 56,065 4,937 (2,219) 58,783 James P. ModiseHe Scholarship 83,277 3,490 7,517 (3,353) 90,931 Max S. Moody Memorial Fund 94,206 8,296 (3,729) 98,773 Jimmie Lee Morgan Estate 30,35 I 2,673 (1,202) 31,822 Jimmie Lee Morgan Estate 30,351 2,673 (1,202) 31,822 Dorothy M Morsani Memorial Endowed Scholarship 59,487 5,255 (2,362) 62,380 Dorothy M MorsaniMemorial Endowed Scholarship 56,078 4,953 (2,226) 58,805 Roscoe & Emma Mullins Memorial 91,798 8,084 (3,633) 96,249 National Endowment for Humanities I-IUMN !,055,434 92,945 (41,778) 1,106,601 National EndO\\�ncnt for Humanities CARS 1,055,434 92,945 (41,778) 1,106,601 Frank Newell Memorial Fund 27,447 2,417 (1,086) 28,778 Osher Lifelong Leaming Fund 1,304,931 134,958 (55,499) 1,384,390 Angie K. Payne Memorial Fund 20,763 1,828 (822) 21,769 Vernon Peppard Fund 254,342 22,398 (10,068) 266,672 TC PerryEndowed Scholarship Fund 19,205 1,692 (760) 20,137 Phillips Petroleum Chair 549,785 48,415 (21,762) 576,438 W.J. Pollard Memorial Fund 42,874 3,775 (1,697) 44,952 John J Pope Fund 100,453 9,147 109,600 Gene Porter Scholarship Fund 56,431 4,970 (2,234) 59,167 Jim Porter Scholarship Fund 57,503 5,064 (2,276) 60,291 James Clayton Portis Jr. Memorial 84,905 7,559 (3,398) 89,066 Henry D. Powell Fund 167,856 14,782 (6,644) !75,994 Cecil & Becky Powers Memorial 404,669 35,636 (16,018) 424,287 James Harrison Quinn Memorial 57,127 5,034 (2,263} 59,898 Razorback Educational Trust 1,867,602 1,271 164,507 (73,942) 1,959,438 Benjamin C. Recd Scholarship 288,099 26,235 314,334 Walter Richards Memorial Fund 21,317 1,879 (845) 22,351 Yvonne Richardson Endowed Scholars 16,910 1,489 (670) 17,729 Alfred B. Rhode Scholarship i 100,000 381 100,381 Jo An Johnson Rhode Scholarship 100,000 381 100,381

22 University of Arluinsas Schedule 7 Schedule of Changes in Endowments and Similar Funds For the Year Ended .June 30, 2018 Expenditures Balance Distributions to and Fund Balance .Jul,rt,_2017 Gifts Revenues Current Funds Trnnsfcrs ,June 30 1 2018 True Endowments (cont.)

Charles Richardson Physics Scholarship $ 28,855 $ $ 2,541 s (1.142) s $ 30,254 Wimhrop Rockcfel!or Fund 437,527 38,529 (17,319) 458,737 Robert Rowden Scholarship Fund 35,261 3,105 (1,396) 36,970 Davidson Cochran Roy Est:ite 43,917 3,919 (1,762) 46,074 Cecilia Russell Memorial Fund 57,649 5,077 (2,282) 60,444 Seamster Memorial Fund 26,422 2,327 (1,046) 27,703 James Elllot Sherman Fund 34.782 3,063 (1,377) 36,468 AFB Romeo E Short Scholarship 66,994 6,008 (2,701) 70,301 R.L. & R.E. Smith Student Lmm Fund 429,510 39,112 468,622 James Victor Spencer Jr. Memorial 38,207 3,365 (1,512) 40,060 Jackson & Mary Anne Stephens Fund 3,572,421 314,597 (141,409) 3,745,609 Wayne Alan Stevens Memorial Fund 111,867 9,956 (4,475) 117,348 Delbert Swartz Memorial Fund 6,919 609 (274) 7,254 George W. Swilley Memorial Fund 60,169 5.299 (2,382) 63,086 Joseph A. Th:ilheimerFund 143,591 12,645 (5,683) 150,553 Herbert Thomas Memorial fund 43,406 3,822 (1,718) 45,510 Tudor Endowed Chancellors Sehl 222,826 19,623 (8,820) 233.629 Upchurch Scho!:irship Fund 23,601 2,083 (936) 24.748 US Land Grant Fund - UT 286.482 25,228 (11,340) 300,370 Vescolani Scholarship 70,486 6,208 (2.790) 73,904 Emeline Vincent Scholarship Fund 85,084 7.920 (3,560) 89,444 Emeline Vincent Scholarship Fund 85,278 7,084 (3,184) 89,178 Peg!:_,')' Walker Scholarship Fund 28.624 2,520 (1,133) 30,011 Wakefield Endowment Fund 77,158 6,795 (3,054) 80,899 War Eagle Fo!klife Scholarship 66,359 5,843 (2,627) 69,575 Waterman Memorial Fund 47,007 4,140 (1,861) 49,286 Edgar Wertheim Memorial Fund 168,609 14,849 (6,674) 176,784 Mary Elizabeth Westpheling Fund 29.153 2,568 (1,154) 30,567 Lulu & James Westpha!ing Endowment 35,547 3,130 (1,407) 37,270 Alexander D. & Martha Whitehead 57,617 5,074 (2,281) 60,410 Alex. D. & Martha Whitehead Loan 57.980 5,106 (2,295) 60,791 Jc:inne Wylie Student Fellowship Fund 325,151 28,634 (12,871) 340,914 Ivan & Ellen Scott Williams Fund 44,435 3,913 (1,759) 46,589 James A. William Memorial 22,705 2,000 (899) 23,806

23 Romola Williams Memorial Fund 63,493 5,591 (1.513) 66,571 Anna Powell Wood Award 82,206 7,239 (3,254) 86,191 Bank of America Case Program 167,821 14,779 (6,643) 175,957 Laura J. Yeater Award 714,609 62,931 (28,287) 749,253 Maud Young Award 104,863 9,235 (4,151) 109,947 R.A. Young Jr. Endowed Chair 672,781 59,246 (26,631) 705,396 Total True Endowments s 54,084,569 s 24�986 s 4,737,487 s (l,9�2,096) s (10,833) s 57,114,113

Restricted Quasi•endowments

Acacia Scholarship· Genera! s 39,437 $ s 3,473 $ (1,561) $ s 41,349 Diane BlairCenter Endowment 3,260,949 287.167 (129,079) 3,419,037 Bank of America FBLA Scholarship Fund 52,949 4,663 (2,096) 55,516 Kate Hadley & Grace Baker Fund 363,060 32,282 (14,510) 380,832 Hugh T. Henry Memorial Fund 45,176 4,237 (1,904) 47,509 Ruth M. Hill Memorial Fund 2,010,779 183,105 2,193,884 Joy P Markham Fund 1,912,433 168,413 (75,700) 2,005,146 JC Massie Memorial Fund 144.574 12,732 (5,723) !51,583 Margaret F Schamer Scholarship 552,332 48,640 (21,863) 579,!09 Mnrgarct Steams Dean's Scholarship 219,391 19,320 (8,684) 230,027 Robert& Juanita Fnirchild Fund 6,945 612 (275) 7,282 James Jones Memorinl Fund 21,654 1,915 (861) 22,708 Gnr!nnd Dix Hamm Memorial 27,673 2,437 (1,095) 29,015 Selma Roe Hatley Fund 281,411 25,625 307,036 John & Lois ImhoffEndowment Fund 65,433 5,762 (2,590) 68,605 Richard Koch Memorial Fund 17,722 10 1,559 (697) 18,594 The Levi Strauss Scholarship 47,055 4,144 (1,863) 49,336 Sigma Chi Omegn Omega Sch! Fund 235,425 20,774 (10,000) 246,!99 Sigma Chi Replacement Fund 895,358 40,740 84,681 1,020,779 James C. & Wiley G. McDonald Ill 122,970 10,829 (4,868) 128,931 Robert Clifton Robinson Mem Schohuship 170,186 15,026 (6,754) 178,458 Hal Sutton Fund 248,684 22,646 271,330 Jack Williamson Endowed Scholarship Fund 70,013 6,163 (2,770) 73,406 Total Restricted Quasi•cndowments s 10,811,609 s 40.!.750 s 966,205 s (292,893) s s 11,525,671 llnrcstricted Quasi•cndowmcnts

Robert E Hill Chancellor's Seholnr s 225,510 s s 19,859 s (8,926) s s 236,443 Steven L Anderson Design Center Mnint 286,451 24,268 37.983 348,702 Agnes Dobbs Fund 257,139 7,239 264,378 lscly EntomolOb'Y Scholarship 27,263 2,401 (1,079) 28,585 Biscoe C Hindman Fund 5,447,196 470,674 (211,564) 5,706,306 Linda K. Overstreet Scholarship Fun 66 23 (89) ST[ Royalty EndO\vnlent 3,404,430 299,802 (134,759) 3,569,473 Union Mutual 4,145,606 363,506 {163,393) 4,345.719 Lon Farrell Memorial Fund 22,515 2,050 24,565 G T Johnson Memorial Endowed Fund 93,905 8,269 (3,717) 98,457 Joseph C. Kemp LawSchool 12,379 1,117 (502) 12,994 Wilfred L Smith Estate 226,737 19,966 (8,975) 237,728 Total Unrestricted Quasi•endowmcnts s 13,892,058 s 257,139 s 1,219,174 s (533,004) s 37,983 s 14,873,350 Total (to Exhibit B) s �788,236 s 542,875 s -- 6,922,866 s (2,767,993) s 27,J?Q_ s 83,513,134

24 Schedule 8 University of Ark:insas Schedule of Changes in Une:wended Plant Funds For the Ye:ir Ended .June JO, 2018

Additions Net Transfers Deductions Income/ turcsi Balance State of Other Other Balance July I, 2017 Arkansas Additions lnterfund lntrafund Deductions June 30, 2018 UNIVERSITY OF ARKANSAS - FA YErrEVILLE RESTRICTED From State of Arkansas - A1111ro11riated Funds Faye Jones House Restoration/Upgrades s 233,242 $ s s s s 233,242 $ Old Main Portico - 2016 ANCRC Grant 510,000 510,000

s 233,242 $ 510,000 s $ $ s 743,242 s 233,242 510,000 743,242 From Bonds Issued CVEG Research & Education Ctr - 2016 Bonds $ 7,431 s s $ 559,962 $ (373,308) s 194,085 s Off-Site Library Storage - 2016 Bonds 365,878 1,003,301 (637,423) Entrance Monument Signs 4!,615 ,l\,615 Kimpel Hall Renovations- 2016 Bonds 835,063 472,664 1,307,727 Offsite LibraryStorage - 2016 Bonds 1,678,000 47,129 (336) 1,724,792 Govt St Warehouse Fab Lab Rem 2016 Bnd 170 336 506 UREC- Mitchell Fields- 2016 Bonds 355,318 1,797,336 (123,438) 2,029,215 UREC- Indian Trails- Tennis 2016 Bonds 15,372 15,372 UREC- Cato Springs 2016 Bonds 85,308 85,308 UREC - Lewis Fields - 2016 Bonds 22,758 22,758 Discovery Hall 2016 Bonds (81,362) 1,423,654 (1,339,966) 2,326 LibraryStorage Utility Infras. 2016 Bonds 900,000 900,000 HOEC Renovation - 2016 Bonds 348,638 348,638 Library Storage Facility- 2016 Bonds 91,329 91,329 Sereis 2016 Investment Earnings 63,191 235,739 (o) 7,431 306,361 Library Storage Facility- 2016 Bonds 114,583 (114,583) DWRRS NEZ Expan/Stad Upgrades/2016A TE 6,104,063 90,891 (o) 9,286,602 143,804 15,625,360 DWRRS NEZ Expanrrax Exempt lnves( (31,684) 178,616 (a) (143,804) 3,128 DWRRS NEZJStad Upgraes 2016 Bond Tax 461,499 206,439 (a) 57,895,030 335,349 58,898,317 DWWRRS NEZJATHL Tax lnves! (181,180) 525,801 (o) (335,350) 9,271 Pat Walker Health Center - 2017 Bonds 6,768,859 (39,905) 6,728,954 SAE Renovation/Addition - 2017 Bonds 2,108,924 (8,915) 2,100,009 Library Storage Facility - 2017 Bonds 8,967,126 (466,374) 8,500,752 Library Storage Facility Utility Portion 428,167 500,000 (71,833) Kimpel Hall Renovations - 2017 Bonds 6,025,639 (25,471) 6,000,168 CVEG Research & Education Ctr - 2017 Bonds 300,879 (8,491) 292,388 UREC - Mitchell Fields - 2017 Bonds 1,486,109 (390,172) 1,095,937 UREC - Indian Trails - Tennis 2017 Bonds 15,187 15,187 UREC - Cato Springs 2017 Bonds 10,125 10,125 UREC - Lewis Fields - 2017 Bonds 352,123 352,123 Library Renovations - 2017 Bonds 150,440 (4,245) 80,788 65,407 Student Success Design - 2017 Bonds 150,440 (4,245) 64,943 81,252 South Campus Steam Improvement 2017 bnd 610,783 (11,462) 599,321 Stadium Drive Residence Halls 2017 Bonds 21,902,386 (314,148) 21,669,238 (81,000) GLBL Blackbox Thea!re - 2017 Bonds 1,782,664 (782,275) 1,000,389 GLBL Black Box Theatre Equipment 773,784 767,718 6,066 Sereis 2017 Investment Earnings 668,885 (o) 476,316 518,259 626,942 s 9,210509 s s 1,906,371 s 121.778,241 s s 132,409,143 $ 485,978

25 From Other Funds GWG WildflowerMeadow Pro1ect $ 32,430 $ $ $ s s 8,726 s 23,704 GWG Tree House Project 4,914 620 (b) 2,542,063 2,307,363 240,234 Old Main Plug and Teach Room Install 140 140 Child Development Research Center - Gift 57,100 57,100 ATHL Academic Dining Project - Gifts 647,503 (647,503) ATI-ILAcademic Dinmg Project- Dining 48,187 (44,004) 4,183 GWG Klipsch Amphiheatre Improvements 1,354 1,3511 Baseball and Indoor Tract Practice 2016 Phi Mu House 52,955 368,145 (b) 50,773 370,327 Burnett Journalism & S111dent Media Ctr 1,013,502 !75,000 838,502 Faye Jones House Renovations 31,900 3!,900 DOE/SEFOR Decommissionmg Demolition 13,697,089 (e) 13,697,089 DWRRS NEZ Expansion/Siad Upgrade Gifts 10,000,000 13,000,000 (b) 852,000 22,148,000 Enterprise Hub Project - Gifts 350,000 412,883 (b) (267,000) 324,983 170,900 Della Delta Delta 247,226 2,167,450 (b) 111,974 2,302,702 VRIC OfficeSpace - Garland Center 1,100 3,000 (b) 2,100 2,000 SAE Renovations 50,926 411,511 (b) 2,049,919 2,512,356 Delta Gamma I-louse 965,935 828,581 (b) 575,069 1,219,447 Alpha Chi Omega 384,324 (b) 89,190 295,134 Arts & Design District Windgate 40,000,000 (b) 3,034 39,996,966 Zeta Tau Alpha Renovation 1,000 (bl 1,000 Sigma Nu Flagpole 14,111 13,584 527 UA Executive Education Center - LR 466,450 314,428 152,022 KUAF Tower Installation 501,850 5,225 496,625 ARKU Food Court Renovation 5,600,000 (b) 432,353 5,167,647 Pomfort Dining Renovations 5,000,000 (b) 1,144,402 3,855,598 Campus Trail System- Gift 355,374 {b) 355,374 Anthony Timberlands Ctr for Design lnnov 7,500,000 (b) 7,500,000 s 13,448,072 s s 89,729,977 s 4,672,986 $ s 22,681,932 s 85,169,103 Total Restricted s 22,891,823 s 510,000 s 91,636,348_ $ 126,451,227 $ s 155,834,317 s 85,655,081

UNRESTRICTED From General Funds Land and Property Purchases s s $ s 1,1,soo s 1,000 s 9,826 s 5,674 Land & Property Purchases FY2018 600,000 50 (c) 2,858, 113 2,862,443 595,720 Central Utilities Air Permit 12,333 12,333 BHKEA Nenleship Meter Station/Source Gas 33,312 (33,226) 86 NANO Science & Tech. Bldg Third Floor 1,658,894 1,106,557 552,337 Campus Gales and Drive Extension 233 (233) Child Development Research Center (57,100) (57,100) ENRC Small Animal Facility 77,633 30,093 107,726 ENRC Building Security Upgrades 43,838 21,210 22,628 Classroom and Teaching Lab Building 202,479 (200,988) 1,491 Jim && Joyce Faulkner Performing Arts Ctr 5,793 (5,667) 126 Leroy Pond Utility Plant 17,805 4,194 13,611 Leroy Pond Utility Plant - Phase 2 1,800,000 548,801 1,251,199 One East Center Plaza Renovations 52,376 8,735 43,641 Combined Heat & Power Plant 602,511 (529,000) 33,375 40.136 Senior Walk Construction 2016-2018 (31,100) {31,100) Senior Walk Arkansas Ave West 478,477 162,600 (10,000) 613,012 18,065 Senior Walk Ark Ave Reagen to Dickson 375,000 41,100 44,905 371,195 SernorWalk Ark Ave Reagen to Dickson 607,515 67,476 540,039 Arts & Design District 149,084 18,000 82,678 84,406 ENGR Design & Renovation 1,632 1,632

26 Schedule 8 Univcn;ity of Arkansas Schedule of Changes in Unexpended Plant Funds For the Year Ended ,June 30, 2018

Additions Net Transfers Deductio� Income/ tu res/ Balance St:1te of Other Other Balance July I, 2017 Arkansas Additions lntcrfund lntr:ifund Deductions .June 30, 2018 Basketball Practice Utility Operations $ 25,909 $ s $ (25,908) $ $ s I Razorback Road Landscaping Phase I I I Razorback Road WidernngPhase 2 & 3 240,674 300,000 408,164 132,510 RazorbackRoad II Utility Relocation 800,000 800,000 CVEG Research and Education Center 548,537 548,537 MLK Parking 83,940 4,189 79,751 MLK Parking - Lot 54A Paving 250,000 750,000 442,213 557,787 Fowler House Garden/Conservatory 248,764 (247,763) !,00! Parking West of Razorback Road 26,800 26,800 Kimpt:1Ha!! Renovation 200,000 400,000 500,000 1,078,913 21,087 Art & Design District Site lnfrastruct 125,000 275,000 126,853 273,147 Global Campus Renovation 4,112,093 432,361 3,863,213 681,241 NCREPT Addition 2,920,535 11,047 2,712,148 219,434 Ans & Design District Labs 404,500 18,000 398,725 23,775 Acts & Design District Labs - UITS 30,000 30,000 ARTP/AHTD Trail Links 93,500 100,000 20,902 172,598 KIMP Mechanical Systems Upgrade 1,500,000 1,500,000 GLBL Black Box Theatre 700,000 314,507 385,493 SAE Renovations - Steam/Drainage 102,397 102,397 S!adium Dr. Res Halls Util Infrastructure 1,900,000 1,900,000 Trail ofTears Memorial 4,000 (e) 4,000 Satellite Student Success Center - Garia 400,000 400,000 Pomfret Dining Hall Steam 296,000 296,000 Stadium Drive MLK Lighting 179,000 160,983 18,017 Off.Site LibraryStorage Facility 1,000,000 3,500 I,1 22,620 (I 19,120) Print/Press PrintmakingAn Lab (52,500) 243,000 14,596 175,904 HOEC Exterior Restoration 288,748 8,748 280,000 State Rt. 112 Phase 2 Support 700,000 700,000 Campus Signage & Way Finding 6,715 1,407 5,308 Campus Signage & Way Finding Phase 2 55,963 104,128 160,090 I Campus Signage & Way Finding Phase 3 275,253 (104,128) 171,125 Campus Signage & Way Finding Phase 4 300,000 5,429 294,571 Vehicle Insurance Proceeds/Refer to MMV 190 14,960 {c) 1,050 14,100 Roads/Parking/Other Projects Reserves 5,519,664 {3,026,664) (2,493,000)

$ $ s ?0.?97.638 s $ 19,010 .. $ 9.196,125 s 4,500 16,695,663 12,821.610

from Auxiliary Sen•iccs Pomfret Hall Renovations s 24,071 $ s $ (86,683) $ s (62,612) $ Athletic Academic and Dinding Facility 38,450 (38,450) Basketball Practice Facility 390,175 (242,388) 1,221 146,566 Parking West of Razorback Road 39,603 37,677 1,926 DWRRS North End Zone Project 4,053,765 4,053,370 395 Parking Infrastructure 2,720,828 (2,000,000) (471,000) 1,191,828 MLK Parking 37,545 481 37,064 Yocum Summer2015 Renovation 32,824 (32,824) Yocum Summer 2016 Renovation 241,736 (241,736) Parking Expansion at Baseball 14,362 14,362 Pat Walker Health Center Addition 3,231,188 150,301 1,076,058 2,305,431 Kimpel Hall Renovation (Student Media) 100,000 100,000 Build Out OfficeSpace BWAR 10,463 (10,065) 398

27 Pomfret Sumnmer 17 Renovattons 687,105 588,599 98,506 Outdoor Track Locker Room Study 7,787 7,088 699 Stadium Drive Residence Halls 555,023 (2,000,000) (1,444,977) PomfretDining Renovatons/Expansion 1,000,000 !,000,000 PomfretC Improvement 2,206,126 1,087,271 1,118,855 Student Success Center Satellite Office 200,000 189,663 10,337 Beechwood Remote Parking (lot 99) 1,500,000 426,121 1,073,879 ARKU Food Court Renovation 263,000 263,000 Athletic Dept Plant Fund Reserves 6,333,006 67,071 (a) (1,930,436) 10,065 669,691 3,810,015 s 18.517,931 $ s 67,071 s I U53.090} $ s 7,159,049 $ 10,172,863 Total Unrestricted s 38,815,569 s s 86,081 $ 7,943,035 s 4,500 s 23,854,712 $ 22,994,473 Plant Fund Reserves s 10,197 s $ s 4?,921 $ (4.500) s $ 48,618 Total s 61,717,589 s 510,000 $ 91,722,429 $ 134,437,.!fil_ $ s 179,689,029 $ I 08,698,172

UNIVERSITY OF ARKANSAS- AGRI EXPERll\lENT STATION RESTRICTED From State of Arkansas -A1111ro11riated Funds s $ s s s s $ From Other Funds AgriScience Building - Gifts s 1,225,623 s $ 200,000 (b) s s s 1,424,923 s 700 POSC Poultry Research Fann Improvements 200,000 200,000 rose Pilot Processing Plant 375,000 250,000 (b) 5,337 619,663 rose Anitbiotie-Free Research Facility 200,000 200,000 POSC House A259 167,000 33,000 (b) 153,713 46,287 POSC Disease Research Facility 150,000 150,000 (b) 109,593 190,407 POSC Broiler Fann House A234 75,000 765 74,235 POSC Broiler Fann House A236 75,000 867 74,133 POSC House A246 100,000 100,000 POSC Student Education Center 200,000 200,000 RRPB Real Estate 4,000,000 (d) (7,000) 3,715,016 277,984 DTAS Pase I! - Gills 1,000,000 (b) 1,000,000 NERE Harrisburg/Jonesboro 7,000 3,250 3,750 RIRE Seed Plant Facility 580,000 (d) 580,000 2,767,623 6,213,000 5,993,46<1 2,987,159 Total Restricted s 2,767,623 $ s 6,213,000 $ $ s 5,993,464 s 2,987,159 UNRESTRICTED From Aj!riculturalExperiment Station Major Improvements s 681,729 s $ 2,557,025 {e) s 3,733 s 450,507 s (16) s 3,693,010 PCEX/Ccnter FumishinA & Equipment 1,077,617 1,077,617 AFLS Auditorium Renovation 28,988 49 28,939 Seed Plant Design - RIRE 21,307 (580,000.00) (580,000.00) 21,307

28 Schedule 8 Uni\'crsityof Arkansas Schedule of Changes in Unexpended Plant Funds For the Ye:ir Ended ,June 30, 2018

Additions Net Transfers Deductions Income/ turesf Balance State of Other Other Biilance July I, 2017 Arkansas Additions lnterfuntl lntrafund Deductions June 30, 2018 CTST Tract/Land Grading $ 4,380 $ s s $ s $ 4,380 Soil Testing Lab/Office 124,854 320,000 (316,196) !28,659 (I) ST&R ICAP Macinnes 139,097 70,000 209,097 Drex Agrlsciences Building 958,867 41,000 457,528 1,413,591 43,804 FRSS Prod Tech and Irrigation 28 28 CTST Tractor 20,750 (20,750) SERE Utility Tractor 30,000 (8,494) 21,506 AREC Dump Trailer 12,100 12,IOO RIRE- Sha Planter and Tractor 63,778 63,778 RIRE - Greenhouse & Growth Chamber 975,029 975,029 RIRE - Growth Chamber 886,000 873,214 12,786 RRPB TRQ Equipment 180,000 180,000 SEST Cotton Picker 110,000 I I0,000 CSES Lab/Altheimer 9,000 1,846 7,154 AREC Entrance Signs 2,500 2,500 AREC New Holland Power S!ar 90 21,000 21,000 CTST Sunflower Disk Blades/Forkllfi 22,000 22,000 FRSS Tractor/Kubota RTV 67,450 16,991 50,459 LFST Hay Rake 22,500 22,500 NERE Tracek Hoe/GPS System 99,000 75,000 24,000 PTST Tractor 100,000 100,000 R!RE Mower/Disk 59,000 1,285 57,715 SEST Truck/Applicator 36,500 16,048 20,452 SWRE Feed Mixer 47,600 47,600 VGSS Kubota Tractor/JD Flail Mower 27,742 (3,095) 24,647 POSC Disease Research Facility 9,000 9,000 Experiment Station Contingency 3,600,000 3,600,000 $ 8,624,5?4 $ s ?,557,025 s 1,227,5?5 $ s 3,223,755 s 9.185,319 $ Total s 11,392,147 ------s 8,770,025 1,227,525 s jS_ 9.217,219 $ 12.172.478

UNIVERSITY OF ARKANSAS- COOPERATIVE EXTENSION SERVICE UNRESTRICTED From General Funds Balance Sheet s s $ s 2,463,645 s s s 2,463,645

s $ $ $ 2,463,645 $ s $ 2,463,645 Total s $ $ $ 2,463,645 $ s $ 2,463,645

UNIVERSITY OF ARKANSAS-ARKANSAS ARCJ-IEOLOGICAL SURVEY UNRESTRICTED From Gcncn1l Funds 978 AR.AS Fire Alarm Upgrades $ 978 $ s s $ s s ARAS Chiller Replacement 100,000 100,000 978 $ 100,978 $ s s $ s 100,000 $ 978 Total $ 100,978 s s s s s !00,000 $

29 UNIVERSITY OF ARKANSAS - CRIMINAL .JUSTICE INSTITUTE UNRESTRICTED From General Funds Building Renovations $ 747,869 s $ s s $ s 747,869 CJ! Plane Fund Reseives 2,155.174 705 (a) (119.166) ? ,036.713 s 2,903,043 s s 705 s (! 19,166) s $ s 2.784.582 Total s 2,903,043 $ $ 705 $ (I 19.166) s $ s 2,784,582

UNIVERSITY OF ARKANSAS -CLINTON SCHOOL OF PUBLIC SERVICE RESTRICTED From State of Arkansas - A11pro11ri11ted Funds CSPS Lecture Hall Construction - GIF s $ $ $ $ $ $ s s $ s -' s $

From Other Funds CSPS Improvements/ARRA $ s s s s s $ $ s s s $ $ $ Total Restricted $ __i '- '- $ s $ UNRESTRICTED From General Funds Clinton School Buildin!-\ s 186,205 $ s s $ s $ 186,205 CSPS Reserve 526.393 74,347 452,046 s 712.598 $ s s s s 74,347 $ 638,251 Total s --______l!b598 $ $ s s s 74.347 $ 638.251

UNIVERSITY OF ARKANSAS-AREON RESTRICTED From Other Funds ARRA AREAON Backbone Expansion $ s s $ $ s s $ s s $ $ $ s

UNRESTRICTED From General Funds AREON Arknnsas Children's Hospital s 101,677 s $ s 408,334 s (10,898) s 499,113 s ARON Resel"\'e 1.596,796 650,000 10,898 2.257.694 $ 1,698,473 $ $ $ !,058,334 s s 499,113 $ 2.257,694 Total $ 1.698,473 $ $ $ 1,058,334 s s 499,113 $ ? ,257,694

Totals (to Exhibit B) $ 78.524,828 s 510,000 s 100,493,159 $ 139.067.521 :s_ s 189.579,708 s 129,015,800

(a) Net Investment Income 1,974,147 {bl Capital Gins 77,665,888 (c) Other Receipts 2,576,035 (

Total 100.493,159

30 Schedule 9 University or Arkansas Schedule or Changes in Renewals and Replacements For the Year Ended June 30, 2018

Additions Net Transfers Deductions Balance Balance Jul)_'. I, 2017 Income lntcrfond lntrafund Execnditurcs June 30, 2018 UNIVERSITY OF ARKANSAS - FAYETTEVILLE Restricted Other Funds ADMN ConferenceRoom Renovation $ 1,197 $ $ $ $ $ 1,197 Inn at Carnall Major Repair & Replacement 50,265 98,657 (c) 148,922 HES Maudine Saunders Commons 5,069 4,108 961 APLS Terrace/Patio Renovations 25,622 10,068 15,554 UNHS Replace Carpet 2nd & 3rd Floor 175 ( 175) W J\TR 107 Install Security Carner & Panic 6,914 (6,914) 1-lAPG Renovate Retail Space for WCOB Lab 7,943 (7,943) PRES Carpet and Paint 23,691 (23,691) Vol Walker AV Improvements 2,400 (2,400) EAWI-1 Renovation (AirGas) 618 (617) 1 GWG Roof Repairs 45,000 45,000 Old Main Interior Renovation - Labs 38,938 (34,415) 4,523 ALUM Exterior Improvements 5,020 (5,020) ALUM Lot 76 Tailgate/Parking 450,000 2,000 (b) 445,158 6,842 BELL 2258 Remodel Room to Office Space 10,100 (8,886) 1,214 MAIN Interior Renovation 518 & 521 159,847 159,847 WATR Court Rm 240 AV Upgrade 126,883 6,914 lJl,026 2,771 WCOB Belzung Lounge 40,000 40,000 BKST Phone Medic Space (2,374) 2,374 Old Main 203 Renovation 101,350 7,289 94,061 ENRC 2402-2408 Chem-Lab Cult Lab 61,000 61,000

Total Restricted $ 672,952 $ 100,657 $ 405,933 $ $ 800,859 $ 378,683 672,950 100,657 405,933 800,859 378,680 Unrestricted From General Funds Primal)' Dist. Alteration/Improvements - 2015 $ 5,557 $ $ $ (5,557) 4 $ Primary Dist. Alteration/Improvements - 2017 66,789 63,427 3,362 Primary Dist. Altcration/hnprovements - 2018 252,382 5,557 137,672 120,267 Utility Distribution General Improvement -2015 50,085 (50,085) Utility Distribution General Improvement -2017 62,421 35,304 27,117 Utility Distribution General Improvement -2018 195,000 45,085 85,700 154,385 I-IYAC System General Improvements- 2016 6,510 (6,233) 277 J-IVAC System General Improvements - 2017 1,420 5,800 4,084 3,136 HVAC System General Improvements - 2018 115,000 (23,767) 7,757 83,476 Campus Dist Energy System Eff. & Cap. Imp. 90,182 (90,181) 1 BWAR Cooling Tower Replacement 9,092 (11,741) (2,649)

ALUM - License Agreement (459 Razorback) (266,104) (898) (c) 36,634 (230,368) Old Main East/Steps Portico 144,282 (10,443) 154,725

31 Campus Install Trash & Recycle Bins 660 (660) Mullins Branch Stream Restoration 3,544 3,544 Greek Theatre Renovation 2,584 (2,584) Stadium Drive Connection 971,174 965,436 1,417,571 519,039 East Square Plaza Minor Maintenance 3,372 3,372 ADMN Fourth Floor Renovation 73,990 69,673 4,317 FNAR Roof Replacement Phase 2 526,450 (29,J 17) 497,133 FNAR Roof Replacement Phase 3 517,000 29,317 46,931 499,386 WATR Fan Coil Replacement 37,972 (37,973) ( 1) FNAR/SCIE Pwr Wash forS1gnage & Lights 44 44 WALK Gallery Lighting Remediation 84,341 (17,335) 67,006 UA Theatre Portable Lighting 6,891 (6,891) Wesley Foundation Building Demo 476 (476) One East Center Envelope Repairs 121,656 (121,564) 92 FNAR Concert Hal! HHW Service 75,000 75,000 Nettleship Gas Yard 10,938 (10,938) Faye Jones House 67,735 47,389 20,346 Alumni Houe Exterior 54,597 (47,120) 7,477 Government Street Exterior Clean up 37,590 (37,590) Oliver St I-louse Demos/Parking 62,009 (48,862) 13,147 Ceramic Studio Canopy 2,816 (2,816) WCOB 335 Construction Remodel 41,455 (41,455) CHW Loop Hydraulic Mode! 158,J 13 158,313 Power Station 15 Switch Replacement 8,218 (8,218) Demolition 645 MLK & 643 Hill St. 2,300 (2,300) Campus Academic Wireless Network 995,561 (48,000) 436,964 510,597 ARKU AHU Replacement 35,822 (35,822) ARKU AHU 9 & 4 Replaceme111 310,699 38,000 35,822 369,390 15,131 Testing ServicesExterior Stairs Repa 4,712 (2,977) 1,735 ADSB UITS Space Remodel 96,975 (30,546) 66,428 FNAR Building Remodel 91,973 (91,973) PRINT/PRESS Exterior Renovations 147,836 (147,836) Enterprise Energy Management Sollware 400,000 (100,000) 97,140 202,860 FNAR Gallery HVAC Improvements 24,001 2,740 21,261 GRAD ED Main AHU Replacement 1,199,830 455,000 600,000 41,596 2,213,234 Stadium Drive Steam Main Replacement 1,971,764 (2,000,000) (73,752) 45,516 Stadium Tunnel CHW Piping Replacement 50,000 50,000 HEAT AHU Addition and Service Deck 131,844 (16,553) 115,292 ( 1) Garvan Gardens Roof Replacements 20,017 (24,888) 44,905 Clinton Dr&Virginia St Prop Demolitio 1,000 (1,000) HOEC 21 Remodel 12,746 (12,746) HOEC Renovation Summer 2017 12,746 5,381 7,365 MAIN Interior Signage Package 250 (250) ADSB UITS Executive Suite Renovation 40,009 1,045,000 1,038,731 46,278 ARKU Security System !nstallation(CCT 12,480 12,480 MULN Renovations 148,118 (96,759) 44,474 6,885 CCHP/12 Tower Gearbox Replacement 13,614 (13,614) Williams Gas Yard Safety Barriers 120,565 120,565 OLD MAIN Interior Renovation-Office 44,517 (44,517) CHEM/Iv!AINAHU Control Valve Upgrade 50,000 (48,535) 1,465 Demolition Reagan/Maple/Gregg St. 17,035 (17,035)

32 Schedule 9 University of Arkansas Schedule of Changes in Renewals and Replacements For the Year Ended June 30, 2018

Additions Net Transfers Deductions Balance Balance .Julr I, 2017 Income lnterfund lntrafund Exeenditures .June 30, 2018 Dcmohtion 214 & 228 EasternA vc $ 10,740 $ $ (10,740) $ $ $ ENRC Power Study 6,000 25,000 19,359 11,641 FNAR Due! Silencer Replacement 4,120 (4,120) PRESS Warehouse Theater Storage 35,000 (35,000) BELL 2284 Carpet 27,403 (27,403) UAPD Camera and Access Control System Upgrade 3,436 6,278 9,714 GRAD 124 Restroom Renovations ( 140) (140) SCEN 608 Remove Cabinets & Cut in l'loor 1,343 (1,343) Mcilroy House Renovations 244,735 98,000 205,166 137,569 Old Main East Lawn Lightmg Replacement 260,063 (1,792) 258,271 Campus Wide Access Controls Upgrades 459,442 75,521 441,172 93,791 MEEG ENRC Ulb Renovations 508,097 (3,430) 504,667 JBHT Fire Alam1 System Upgrades 92,174 (1,141) (23,066) 67,967 CI-IEM Fire Alarm System Upgrades 4,272 (4,272) Occupational Therapy House 355,829 321,013 14,124 662,718 ENRC RTU Replacement 3,588 (3,588) ARKU Floor Finishes Replacement 9,351 147,045 83,588 72,808 WATR Repair Stonn Drains 80,923 (32,409) 48,514 STOS Repair West Wa!! 22,333 (4,521) 17,812 ENRC Boilers Replacement 69,628 (61,227) 8,401 ADMN Security System Upgrade 149 (149) FERR 2-B Mass Spec/Clcanroom Mod & Demo 7,686 (444) 7,242 ROSE - Transformer Replacement 75,000 75,000 Stadium Dr. Garage - TransformerReplace 75,000 75,000 Wilson/Sharp Transfom1cr Replacement 75,000 75,000 Meadow/Srndium Dr. Sanitary Line Replacement 75,000 75,000 RCED NE Patio Rcnova!ion 20,528 12,269 8,259 HPER Racquetball Court Repair 627 (3,280) (2,653) ESPL (ECEN) Work on Various Rooms 2,153 (1,845) 308 Leroy Pond Extemsion/Razorback Rd 38,796 1,475,000 40,577 1,473,219 Beechwood Parking Lot 425 (342) 83 BAUM East Feasibility Study for Band Pract 10 585,000 554,450 30,560 Band Storage Building 733,000 549,548 183,452 CCTV Upgrades Fulbright College 2017 59,465 53,141 6,324 HOEC RM 112 Flooring Remodel 19,304 (1,805) 17,499 BELL Combine Rooms 2267 and 2268 224,385 (89,161) 135,224 Alumni Boiler Replacement 141,322 (17,119) 124,203 Gibson Hall Steam Upgrades 123,894 (11,509) 112,385 ECEN - El BurritoLoco 1,348 (1,348) CHPN Workspace Upgrades 2,195 (4,463) (2,268) WCOt3 Controls Upgrade Phase I 53,859 47,583 6,276 ENRC Compressed Air Improvement 25,000 21,736 3,264 ENRC Madga Lab Humidity Resolution 8,569 (3,629) 4,940

33 ENRC Makeup Air 50%, 50,000 230,000 11,505 268,495 ENRC Safety/Eyewash Station 50,000 50,000 RCED 103 AV Upgrades 186 (186) GRAD Various Exterior Work 11,811 (573) 11,238 HPER 308 Remodel 1,991 (1,682) 309 Maple St Lighting lmprovemen!s 345,670 (25,258) 320,412 HOEC Rm 23 Remodel 56,735 50,429 (50,429) 51,941 4,794 Demolition Study Abroad I-louse 9,938 (9,921) 17 FNAR Theatre Stage Reinforcement 11,556 (8,545) 3,012 (1) PHYS AHU 5 Retrofit 16,412 (28) 16,384 COE J!-18 lnnov3tion Bell I neg Lab 3,470 (3,368) 102 N. Chiller Plant Tunnel Hatch Removal 50,000 (9,065) 40,935 Fulbright College CR AV Upgrades Sum 20 I 7 4,390 (4,390) HPER Natatorium Repairs 79,888 (4,280) 75,608 MAIN CHWP Air and Dirt Separator 44,022 (13,729) 30,293 MEEG Room 227 Rcnova!1on 42,000 (7,411) 34,589 Nenlcship Gas Yard Electrical 6,147 (4,437) 1,710 Home Management House Renovation 217,049 (6,345) 210,704 WCOB/RCED Classroom AV Upgrades 32,271 (4,872) 27,399 CHEM/MAIN High Performance CHW Valve Ins 64,000 (4,392) 59,608 ARKU Treasurer Office Security System 1 ( 1) COEHP Classroom Whiteboard Upgrades 38,899 2,922 41,821 POSC /\211and 1-IOEC I 02 AV Upgrades 19,979 (3,374) 16,605 WCOB Classroom Carpet Replacement 14,172 6,158 8,014 UIT Help Center and Info Desk 272,447 (22,326) 250,121 ARTP Masterplan 30,530 30,530 MISC 532 N Lindell 1-lousc Renovation 22,302 5,626 27,928 Demolition 2300 Razorback Road 45,500 (4,078) 41,422 HPER Fitness Center Renovation 10,285 5,627 4,658 HEAT Condensate Pumps Replacement 97,612 97,612 ECEN Colling AHU Replacement 626,299 70,000 579,320 116,979 WCOB/RCED/WJWH CCTV Upgrade 183,392 183,392 Demolition 446 Cato Springs Road 39,900 (3,654) 36,246 INFR Athle!ics Primary Power Replace Phi 93,447 82,160 11,287 HPER Mechanical Room Insulation Repairs 75,000 (75,000) ADMN Replncc CHW Pumps 40,000 (40,000) ADMN Replace AI-IU 2 100,000 (100,000) Memorinl Hall Interior Renovation 217,990 156,885 61,105 Arkansas Avenue Sandstone Wall Restoration 390,000 134,982 255,018 Enterprise Hub Building Renovation 395,502 (45,502) 332,885 17,115 Enterprise Hub Building Renovation TELE 143,000 45,502 139,118 49,384 Senior Walk Repairs { 1876 to 1925) 600,000 36,728 563,272 Old Main Classroom Renovation 443,000 178,067 264,933 CCI-IP& 8WAR VFD Replacements 40,200 40,184 16 HUNT Repaint 2nd Floor Offices 16,668 16,668 CERM RoofRcpair 29,615 29,615 WCO13 DOW Hot W3tcr Tank Replacement 94,502 94,502 ECEN Replace !-!eating Al-lUS's 650,000 (600,000) 18,839 31,161 SCEN 320 AV System 18,888 18,888 HEAT Turbine Cooling Coil Replacement 307,000 275,009 31,991 Utility Tunnel Steam Line Shutdown Repair 43,460 43,460

34 Schedule 9 Univcrsit)' or Arkansas Schedule of Ch:rnges in Renewals and Replacements For the Year Ended .June 30, 2018

Additions Net Transfers Deductions Balance Balance .Jul2'.....!.!2017 Income lnterfund Intrafund Exn_enditures .June 30.! 2018 ARAS Chillers Replacement $ $ $ 47,500 $ $ 36,280 $ 11,220 ADSB 248 Renovanons for Locker Room 14,883 14,883 RCED l 03 Replace Carpet 14,762 14,762 RCED Replace Carpet Hallways and Lobby 44,536 44,536 JBHT 239 AV Upgrades 47,086 47,086 SW Chiller Plant VFD Replacement 107,283 107,283 CSRC Add Cubicles for Dr_ Wickramasinghe 4,944 4,944 KIMP 3rd Floor AV Upgrades {Room 301-314) 132,142 123,575 8,567 Gearhart Hall Ollice Renovation 195,000 193,870 1,130 POMF Summer 2017 Sceam lmprovemcllls 191,000 191,000 WCOB 106 Suite Renovations 24,722 24,722 WJWH Fire Alarm System Upgrades 147,854 (22,586) 85,276 39,992 WATR Fire Alarm System Upgrades 84,398 (9,062) 75,336 Three Benches at Hunt all & LeflarLaw 22,555 22,555 WATR LL 254 Rack and Lifcsize Codec Repl 21,436 21,436 SCEN 502-503 AV Upgrades 12,666 12,666 Gearhart Hall Cepha!opod 23,000 23,000 ARKU Powenvash Concrete 15,256 15,256 GRAD Planning Study - Classroom/Offices 715,000 417,239 297,761 Renovalion FNAR Room 303 13,419 13,419 Demolition 1905 S. School Avenue 35,314 35,314 WCOB MGMT/ECON Office & Belzung Renovation 130,406 130,406 POSC Fire Alarm Upgrades 58,986 31,325 27,661 ADSB Cooling Tower Improvements 40,000 4,740 35,260 Low Pressure Gas PtvSkid 500,000 93,747 406,253 HUNT Oil Switch/Cable Replacement 110,000 110,000 AFLS Replace Carpet/Pain!2nd Floor 82,355 82,355 Camp Ext Lights on Garland Near WATR/HUN 37,169 30,515 6,654 Linde!! House Repaint 2nd Floor 14,798 14,798 MUSC Rc!amp Building 21,296 21,296 Campus Cycle Track Study 61,000 55,688 5,312 E ofStadium Dr. Creek Restoration 85,000 5,788 79,212 Thomas Avc/Center Street Panning 11,600 10,369 1,231 Watershed & Drainage Basin Eval & Slope 903,000 80,860 822,140 JBHunt Install MicroCT Scanner 111,606 90,808 20,798 WJWH 124-114 AV Upgrades 32,907 32,907 Demolition 661 & 655 South Government St 42,659 42,659 MAIN 51h Floor Renovation 400,000 315,847 84,153 DISC 216 Remove Cabinets & Install Vent 16,962 16,962 Alum/Sturgis Hall Rep! Acoustical Panels 43,606 43,606 BAND UNST Steam Seivicc Replacement 55,400 38,562 16,838 JC!-EOS Utility Plant Optimization 2,647,800 901 2,646,899 CAT-ISO Switchgear & Paralleling Control 122,940 122,940

35 ARKU Mall Replace Benches at Trees 16,206 16,206 Indigenous Food & Agri !nitativc Ent Ctr 353,228 280,805 72,423 Pryor Center Basement Renovation 90,000 1,139 88,861 PR\ 18498 FAMA EH&S Renovation 138,887 133,924 4,963 BELL 2291 Replace Carpet and Paint 34,272 672 33,600 ENRC 2203 • Fang Luo Lab Upgrades 50,000 29,404 20,596 ADSB ]00A Remodel 50,000 50,429 4,942 95,487 HEAT Security Cameras lns1allation 4,372 5,000 9,372 Install 58 sc!s of Banner Brackets 43,078 965 42,113 Install Card Readers Various Buildings 15,502 12,094 3,408 Ferritor Geo Chem Lab 98,500 30,000 31,652 96,848 Demolition 790 Cato Springs Road 14,972 14,972 PRl20 I !9 SCSW Carpet Replacement 35,653 35,653 MAIN 210 Replace CarpeVAdd Outlets 11,972 7,925 4,047 MEEG Water Relill Station and Founlain 10,692 10,692 HUNT First Floor Paint Multiple Room 14,023 9,245 4,778 I-IUNT 114 Install Wood Plank Flooring 11,854 11,854 ARTP Solar PV Installation 20,000 987 19,013 SCEN 713 Bird Housing Room 5,700 4,328 1,372 I-IPER Pool Lighting 8,000 8,000 Physics Synthesis Lab 368,000 16,382 351,618 Lot 44 Parking Recongiguration/Restore 1,000,000 82,966 917,034 ENRC RTU 4623 Rcplocement 12,700 11,522 1,178 AGRJ Ventil3tion Improvement 50,000 50,000 KIMP/SCEN/CHBC Security Cameras 51,484 51,484 ARKU AHU I. 2. 3 Replaement 800,000 3,230 796,770 WCOB Space and Finsh Standard Study 10,000 10,000 BELL Step Repair 45,000 34,537 10,463 FNAR Evaluation\Studey for Renovation 45,000 36,310 8,690 ADSB UAPD OfficesCable Runs in ADSB 23,644 23,644 WAHR Greek Life Renovation 150,000 16,026 133,974 CSRC Boiler Replacement 5,500 4,404 1,096 Holcombe Renovations ISS 92,024 55,159 36,865 BIOR I 10 Hood Options for BIOR 42,381 42,381 KIMP* 4th Floor Classroom AV Upgrades 145,000 145,000 WCOB 234. 235, 240, 241 Rooms AV Upgrades 145,000 117,325 27,675 ENGR Conference Room AV Upgrades 13,200 13,200 NANO L1b 223 Renovations 659,000 659,000 Bud Walton Chiller Plant 30,000 30,000 MLKG RSCP/RSSP Space Renovations 31,383 J 1,383 JW Eng Room 307 Ceilitn/SCEN Sewer Repair 229,500 99,807 129,693 CHEM L1b 007 Phonenix Controls Upgrade 50,000 50,000 WCOB Paint Various Offices 20,000 20,000 WCOB Restroom Renovation 1,105,000 72,656 1,032,344 BELL 4136 Remodel 30,000 30,000 Demolition 633 Government Avenue 20,500 20,500 Vol Walker AV Upgrades Summer of 18 45,397 45,397 Old Main Painting/Repairs Research Only 15,000 15,000 MLKB 639 Improvements Castle Rental Spac 13,775 13,775 Rosen 110 Renovation 83,200 2,483 80,717 CHEM AV Upgrades 25,500 25,500

36 Schedule 9 Univcrsit)' of Arkansas Schedule of Changes in Renewals and Replacements For the Year Ended ,June JO, 2018

Additions Net Transfers Deductions Balance Balance .Jul� I, 2017 Income lntcrfund Intra fund Exeenditurcs ,June 30, 2018 Meadow Sewer Replacement $ $ $ 565,000 $ $ $ 565,000 !3ELL 3139 Renovation Project 273,659 273,659 POSC Auditorium Lightmg Upgrades 43,600 7,527 36,073 Epley Condenser Replacement Project 43,686 43,686 Campus Lightmg Upgrades 156,635 156,635 UA L1nd Limb Up/Cleanup 300,000 300,000 PRES Rcnova!ions 498,000 498,000 NANO ADI-IE Stewardship 1,165,368 194,228 1,359,596 ECI-IP ADHE Stewardship 320,313 64,062 384,375 Hillside Auditorium ADHE Stewardship 351,752 87,938 439,690 Jean Tyson Child Development ADJ-IE Stewardship 233,980 58,495 292,475 Uptown Campus ADI-IE Stewardship 586,552 146,638 733,190 Cato Springs Research Ctr ADHE Stewardship 216,129 72,043 288,172 East Square Plaza ADHE Stewardship 756,890 206,970 963,860 Stephen L Anderson Dcsg. ADHE Stewardship 255,900 85,300 341,200 Ozark Hall ADI-IE Stewardship 137,325 45,775 183,100 Champions Hall ADHE Asset Management 165,475 165,475 330,950 Sculpture Studio ADHE Asset Management 86,208 86,208 Biology Greenhouse ADHE Asset Management 30,420 10,140 40,560 ECHP Stewardship (UA) 246,378 49,275 295,653 Vol Walker Stewardship (UA) 424,764 141,588 566,352 Ozark Hall Stewardship (UA) 511,995 170,665 682,660 Faulkner Center Stewardship (UA) 103,750 103,750 207,500 Davis Hall Stewardship (UA) 128,318 86,769 215,087 Peabody Hall Stewardship (UA) 153,373 186,989 340,362 Discovery Hall Stewardship (UA) 134,370 134,370 MLK Geo Science Stewardship (UA) 16,490 8,245 24,735 FWLR Garden Conservatory Stewardship (UA) 12,590 12,590

$ 20,108,425 $ (898) $ 24,978,168 $ $ 15,298,764 $ 29,786,931 20,108,419 (898) 24,978,170 15,298,764 29,786,930 From Auxiliary Services Facilities Vehicles $ 2,112 $ $ 78,844 $ $ 80,956 $ Upgrade CCTV Halls Multi 13,987 (13,987) Multi Buildings - Single Mode Fiber Optic 190,312 (190,312) Pomfret C/D - Windows/ Storefronts/Doors 44,579 (44,580) (I) Futra\l Classroom 14,288 (3,983) 10,305 Walkin Coolers/Freezers Brough/Pomfret 41,453 (40,863) 590 Data Switches Multi Building 29,483 (29,483) Gibson Bathroom Remodel 403,880 (2,041) 401,839 Billingsley Tennis Courts Study 47,476 (12,464) 35,012 Gregson Wireless 65,594 (65,594) Holcombe Wireless 35,569 (35,568)

37 Walton Wireless I 13,924 113,924 Futra\l Wireless 55,899 (55,898) I Gibson Wireless 65,965 (65,964) I Multi Epoxy Projects 12,353 1,406 13,756 3 Asbestos Multi Arca 2,500 (1,405) 1,095 Bookstore Reset of General Book Arca 1,338 (1,338) Holcombe Replace Stcamvalvcs 445 (445) SASC Site Work 38,450 (38,450) NWQA Paint Community Spaces 43,200 43,200 Laundry Room Improvements-Various 33,626 12,841 20,785 NWQA-Student Room Flooring 4,917 (4,917) Multi Mattress Replacements 79,350 77,071 2,279 FUTRALL- Repair East Patio & Carree 61,882 (6 I ,882) fUTRALL- Replace Exterior Doors 31,250 (31,250) GREGSON Paint Student Rooms 120 (120) HUMPHREYS- Roof Replacement 52 (52) Gibson- Repair Leaking Wall 8 (8) Multi- Lifecycle Replaccments/hnprovc 32,032 42,971 47,253 27,750 Holcombe West Ent!)'Repair 13,988 (13,943) 45 Wireless Retrofit Project-Hotz Hall 424,848 (399,475) 25,373 Wireless Retrofit Project-Maple Hill 332,370 (279,570) 52,800 Wireless Retrofit Project-Maple Hill 399,884 (347,084) 52,800 Wireless Retrofit Project-Humphreys 378,618 (3 I 9,390) 59,228 Wireless Retrofit Project-Maple Hill 470,392 (355,271) 72,221 42,900 Wireless Retrofit Project-NWQB 61,251 61,251 Wireless RetrofitProject-Pomfret A 2,595 (2,595) Wireless RetrofitProject-Pomfret C (74,845 (141,239) 21,187 12,419 Wireless Retrofit Project-Reid 22,402 (24,838) 9,983 (12,419) Wireless Retrofit Project-Pomfret B 524,536 (482,161) 42,375 Wireless Retrofit Project-Pomfret D 174,845 (153,658) 21,187 Wireless Retrofit Project-Yocum 621,241 (560,251) 60,990 Wireless Retrofit Project-BuchDroke 26,285 (26,285) Wireless RetrofitProject-Gatewood I-la 281,381 (248,791) 32,590 Wireless RetrofitProject-founders 237,394 (231,404) 5,990 Wireless Retrofit Project-Glad/Rip 30,613 (30,613) Transit Maintenance Facility 8,712 (8,712) Markham I-louse Improvements 60,185 22,103 82,288 BucDroke Kitchen Remodel 7,440 (7,440) GladRip Kitchen Remodel 7,457 (7,457) Stadium Garage Summer 2016 Repairs 62,811 (62,658) 153 Garland Garage Summer 2016 Repairs 3,028 (3,028) Duncan Ave Fire Repair(Stove, Hood Ve 1,158 ( I ,158) PomfretERU System Recommissioning 12,524 (12,524) LOTO-Brady 40 Procedure 1,319 (1,319) Duncan Ave Apartments FurnitureReplace 10,570 159,500 93,745 76,325 Football Center Upgrades 15,781 (15,781) Brough Re-roof 323,770 125,000 408,264 40,506 NWQ Facilities Assessment 9,572 (9,572) NWQB Carpet Replacement 3,736 (3,736) Yocum Concrete Step Repair 507 (507) Walton Yard Drain Installation 869 (869)

38 Schedule 9 Universit)• or Arkansas Schedule of Changes in Renewals and Replacements For the Year Ended June 30, 2018

Additions Net Transfers Deductions Balance Balance Julr I, 2017 Income lnterfund lntrafund Exeenditures June 30, 2018 Pomfret Humidity Sensors $ 168 $ $ ( 168) $ $ $ Bus Barn Parking Expansion 302,436 259,707 42,729 NWQB Painting 197,826 (3,751) 194,075 Reid Roof Assessment (East Side) 52,974 (9,363) 43,61 I NWQB Computer Lab Seating 585 (585) NWQB Room 108 Tables/Chairs 601 (601) NWQB Window Blind Replacements 30,800 30,800 NWQB Carpet Replacement 9,371 (400) 8,971 NWQB Resident Flooring 163,256 (5,679) 157,577 Pomfret C Student Chair Replace 55,000 I 10,067 165,067 NWQB Painting & Reseal 22,000 (22,000) Garland Ave. Curb Line Adjustment 10,129 (8,365) 1,764 Union Station Canopy 4,356 4,356 I-IOUS Multi Roof Repairs 19,810 (8,445) 11,365 HOUS-Multi Staff Break Room Improvements 105,925 57,897 48,028 ARKU Bakel)' Freezer/Cooler Replacement 6,794 (9,244) (2,450) Yocum - CRE Apartment Renovation 36,893 (36,421) 472 Gravel Parking at N Store! and Maple St. 37,495 (24,122) 13,373 VRIC OfficeSpace 42,790 42,053 84,843 Founders-Repair Trash Compactor Floor 24 (24) GAPG Renumber the Spaces 36,890 (13,243) 23,647 Lot 17 (Scooter Lot) Install Exler Lights Harmon Garage 2017 Repairs 38,454 (25,506) 12,948 Garland Garage 2017 Repairs 36,641 (12,650) 23,991 Ml-IE Chilled Water System Controls 7,634 ( 164) 7,470 HOUS Smart Room Video Technology Upgrade 10,000 10,000 IT Mobile Warehouse & Computing Project 9,661 7,191 2,470 IT Network Switch Upgrades 177,500 238,000 415,500 IT VirtualizationInfrastructure "Project 971 (971) Athletic Venue Cameras 2017 21,211 21,211 HAPG Slope Stabilization Project 834,13 I 741,682 92,449 I-IAPG Slope Stabilization Project Phase 2 401,000 401,000 HOUS S Campus Tools/Equip Start Up 836,927 1,249,416 180,124 2,266,467 Summer 2017 Parking Lot Maintenance 125,500 (13,972) I 11,528 DWRRS SEZ Locker Room/Kitchen Remodel 857,804 796,966 60,838 Douglas St Parking Deck Feasibility Study 3,683 1,435 5,118 HOUS Office AV Upgrades 37,734 (794) 36,940 Au Bon Pain Renovation 18,543 (1,686) 16,857 Brough Drain Linc Repair 10,800 (6,090) 4,710 Phi Delta Theta Plumbing & Gas Linc Repr 48,808 48,808 Humphrey Masonry Repairs 29,047 29,047 BWAR Lighting Upgrades 272,455 272,455 Concession/Catering Upgrades 193,926 193,926

39 BWAR Locker Room Remodel 257,300 257,300 Beechwood Gravel Parking Lot 412,183 398,743 13,440 Maple Hill E, W, S Facilities Assessments 14,827 14,827 Pomfret Trash Chute Doors (3) Dock Doors 27,026 27,026 Yocum - Replace Trash/Dock Room Door 5,380 5,380 founders - Re place Elevator Floor 3,300 3,300 Humphreys Bathroom Door Grilles 6,278 6,278 Holcombe Trash Chure Door 9,164 9,164 Walton North Ext Lights & Hot Water Syst 343,750 323,262 20,488 HAPG Lighting Replacement 400,000 379,769 20,231 NWQC Carpet Replacement & Painting 141,095 141,095 Pomfret Dirt Room HYAC 12,808 12,808 Holcombe Domestic Cold Water Linc Attic 21,328 21,328 Duncan OfficeAre a Paint 8,495 8,495 Avigilon Upgrade - Warehouse 54,993 54,993 Avigilon Upgrade - Buch/Droke 57,022 57,022 Avigilon Upgrade- Duncan 84,823 84,823 Avigilon Upgrade- Futrall 131,698 131,698 Avigiton Upgrade-Gibson 54,993 54,993 Avigilon Upgrade-Glad/Rip 61,283 61,283 Avigilon Upgrade -Gregson 61,283 61,283 Avigilon Upgrade- Holcombe 76,300 76,300 Avigilon Upgrade- Humphreys 123,175 123,175 Avigilon Upgrade- Maple Hill East 123,175 123,175 Avigilon Upgrade - Maple Hill South 229,711 229,711 Avigilon Upgrade - Maple Hill West 106,130 106,130 Avigilon Upgrade- NWQA 76,300 76,300 Avigilon Upgrade - NWQB 144,482 144,482 Avigilon Upgrade - NWQC 72,038 72,038 Avigilon Upgrade - NWQD 76,300 76,300 Avigilon Upgrade - Pomfret 193,387 I 93,387 Avigilon Upgrade- Reid 131,698 131,698 Avigilon Upgrade - Walton 155,035 155,035 Avigilon Upgrade - Yocum 131,698 131,698 Lenci onGuard Upgrades 40,542 1,500,000 1,540,542 MHSR The HillGrill 67,602 67,602 NWQC Student Space Floor- Paint & Blinds 574,865 150,925 423,940 Maple Hill E, W Mixing Valves 16,500 16,500 FB Center Renovations & Upgrades 750,000 279,848 470,152 Reid Hall Emergency 100,000 51,954 48,046 Pomfret C Furniture Replacement 311,325 311,325 REID Hall HVAC Conversion Upgrade 714,000 423,667 290,333 Holcombe Base ment Improve-Repair Walls 10,000 8,718 1,282 Walton North Room Upgrades 570,125 229,860 340,265 Tyson Indoor Track Building Renovation 80,000 71,818 8,182 Gibson-Bathroom Remodel Center Stack 504,597 33,626 470,971 HOUS Multi Fire Alann Test Switches 6,800 6,659 141 I-IOUS - HVAC and ERU Upgrades/Repairs 2,236,446 2,236,446 HOU$ - Multi Heatlh & Safety Corrections 758,683 758,683 Walker Weight Room Floor Replacement 410,000 402,978 7,022 DWRRS Football Field Replacement 50,000 15,976 34,024

40 Schedule 9 Universit)' of Arkansas Schedule of Changes in Renewals and Replacements For the Year Ended June 30, 2018

Additions Net Transfers Deductions Bal:tnce Balance

.Jul}_'.J..1. 2017 Income lnterfund lntrafund Exeenditures .June 30, 2018 BWAR Hot Water Infrastructure $ $ $ 15,000 $ $ $ 15,000 Stadium Dr. Parking Garage Light Replace 212,000 76,610 135,390 Humphreys Interior Light Conversion 25,000 9,456 15,544 Humphreys Exterior Doors 40,625 40,625 Humphreys Elevator Lobby Flooring 13,299 13,299 Dunean-Stonecast Repair 43,542 43,542 HOTZ Window Leak Repairs 29,237 29,237 Yocum Sidewalk Curb Repair 16,000 16,000 Futrall Roof Replacement 250,000 9,953 240,047 Yocum Exterior Doors 37,500 37,500 NWQuad Exterior Door Sealants - ALL 97,326 17,159 80,167 NWQuad Pergola & Entryway Refurbishment 52,500 15,494 37,006 Duncan-Exterior Metal Paint 22,702 22,650 52 Sigma Nu Interior Door Replacements 18,255 18,255 DWRRS Water Infiltration Repair 170,000 170,000 Volleyball Locke r Room Remodel 100,000 1,536 98,464 HPER Video Board Replacement 310,000 310,000 Tennis Roof and Lighting Replacement 250,000 250,000 Fae. Cond Assessments, HUMP & REID 17,800 17,800 Phi Gamma Delta (FIJI) Door Replacement 24,175 24,175 Walker Indoor Turf Replacement 650,000 5,037 644,963 Housing Warehouse Updates/Improvements 103,385 I 03,385 Parking Lot Maintenance 2018 214,500 33,489 181,01 I Smith Center Graphics Update 750,000 101,076 648,924 Humphreys & Yocum ADA Room Upgrades 230,000 230,000 Quad Hammock Park 8,800 8,01 I 789 Parking Lot 31 - 35 Improvements 374,000 23,793 350,207 FSBC Sushi Remodel 17,000 17,000 NWQD Intake Tr ash Chute Door Replacement 23,100 23,100 Maple Hill Shingles Replace forWater Pr 14,81 I 14,81 I Fire & Sprinkler System Upgrades 1,901,875 1,901,875 Fred W. Smith ADHE Stewardship 301,500 l00,500 402,000 Fowler Family BBffrack ADI-IEStewardship 201,112 67,037 268,149 Basketball Perfromance Center 82,838 242,388 325,226 Student Athlete Success Center 73,125 691,507 764,632 Broadcast Control Center Stewardship (UA) 1,258,715 625,000 1,883,715 Hotz Hall ADHE Stewardship 120,471 (120,471) Founders Hall ADHE Stewardship 293,625 97,875 391,500

41 I-lousingOffice ADHE Stewardship 73,722 24,574 98,296 Pi Kappa Alpha ADHE Stewardship 32,700 16,350 49,050 Pi Kappa Alpha Stewardship (UA) 39,602 19,801 (38,000) 21,403 Pi Kappa Alpha HYAC Repairs 38,000 38,000 Lambda Chi Stewardship 25,576 25,576 HOTZ Hall Stewardship (UA) 361,413 120,471 481,884

$ 12,975,290 $ $ 19,192,782 $ $ 8,780,174 $ 23,387,898 Total Unrestricted $ 33,083,715 $ (898) $ 44,170,950 $ $ 24,078,938 $ 53,174,829 Total University of Arkansas - Fayetteville $ 33,756,667 $ _____')')_,759 $ 44,576,883 $ $ 24,879,797 _ $ _ 53,553,512

UNIVERSITY OF ARKANSAS- AGRI EXPERIMENT STATION Unrestricted From Agriculture Experiment Station SEST Repair Chemical Storage Facility $ 20,000 $ $ $ $ $ 20,000 LFST Fire Bldg Insurance Proceeds 205,538 14,040 191,498 CTST Barn and Dwell # 12 Roof Replacement 17,000 17,000 ANSC Lab Remodel 4,769 (4,769) POSC L209 Install Exhaust Equipment 3,484 (3,484) Altheimer Lab Fire J\lanns Upgrades 875 (875) LFST Barn Stabilization 177,032 (d) 35,000 18,270 193,762 LFST BarnStabilization Cralley-Warren IT 571 1,035 1,606 Soil Barn & Carpet Re-roof 67,266 67,266 SEST - Irrigation Well 39,833 39,833 AGRI 112 Install Door Into Hallway 12,304 4,345 16,649 SWRE J\dmin Roof Repair 11,400 11,400

Total Unrestricted $ 371,640 $ 177,032 $ 42,652 $ $ 169,064 $ 422,260 Total Agriculture Experiment Station $ 371,640 $ 177,032 $ 42,652 $ $ 169,064 $ 422,260

Totals (to Exhibit B) $ 34,128,307 $ 276,791 $ _ 44,619,535 $ $ 25,048,861 $ _ -�3,975,772

{a) Investment Income 1,234 (b) Gift Funds 2,000 (c) Other Revenue 96,525 (d) Insurance Proceeds 177,032 Total 276,791

42 �.

•.

a

43 THIS PAGE INTENTIONALLY LEFT BLANK

44 Schetluk 11

Unhcr,il) of Ark,on,�• Schedule of Bon tis Ou1,1,1ndin1: June 30,20Jk

Prindpal Pri11cip,il ,\muunc of Amoum Amount Dcscri111ioo Pur110sc for Oril!in:tl Rctirctl to Ou1itanding of llond, Whic!t Issued [,.u_e ___ June30.lUlll June JO. 2018

70 300,500 Unncrslh of Arl:insasVanous Facih1, Nnno Seale Build mg. C!assroon, ln,1,rmcmcnts, 52.430,000 7.640.000 44,790,000 Rc,·cnuc Bonds (Fa,<:uc,1llcCampus). Scncs 20()<),\ Lab lmpro,-.::mcnts, Dam Hall. Darb, lfoll, Wilson Sharp.Old Health Ccn1cr. Pcabod,, U11h1' Renewal. !frn1smg, Pin Della 11,cta Unamom,.cd Bond Prcnuum 521.936 !50.265 371/,71

7! I 00-1 �2 Unl\'CfS>h of A,�ansas Athkuc Fac1httcs Refund$19.145,000 ofScnc'S 19'.I') Bonds 23,965.000 16)10,000 7,655,000 Rc\'cnuc Rcfund,n/\ Bonds (Fa,cttc,1lk Cam1ms), (Bond 59) for Donald W Rc\'nolds Scncs 2010 (Ta.,ablc) R:t,.orbnckStadiums and S�,000,000 of Scncs 2001 Sulwd,nalc Series (Bond (,I) for Donald W RC\11olds Ro,.orback S1adrnm

72 2 00,5 o�;.Unncrsu, of Ar�ansas Vanou.s Fac1!m Rc,cnuc Bonds (fa\'cllcnltc Campus), Sones201 IA Vo! Waller lfall, O,.arl. Hall. Hillside l0l.225.000 12,855.0(10 88,370,000 Aud,lonum, Classroom lmpro,cn\Cn(s, Lab lmpro,cmcnts. Science Brnld,n.�. Cluld Dc,clop· Ccnlcr. ,\rknnsosUmon. ART!' Ha,.ardous Waste Fae, U11hty lnfrnslruclurc, !!ousmi:and Dmmg 1"1p

3 {)O..;i 00% Um1crsi1v of A,�ansas Vanou.s Fac,!m Refund S3,5io.ooo ofSencs 1997 Bonds 8.895,000 1.105,000 7.790,1100 Rc,cnuc Bonds (Fa,c11c\'1ltc· Campus) Refund mg (Bond 5S) and $6.270,000 of Sones 2001,\ Sones 2011 B Bonds {Bond 60)

Unamort,,,:d Bond Prcm,um 5.061.90K 1,651.255 3.4!0.653

7� I 00•:i o�; Unl\crsu, of Ar�ansas Vanous Fac1lm RefundSH,555.000 ofSencs 2002 Bonds :i6.96:i.000 9,660.000 H.305,000 Rc,·cnuc Bonds (Fa\'cl1cn!lc Campus) Rcfundmg (Bond 62) and $17,080,000 of Series 200�A Scnes 2012A Bonds (Bond 63A)

Unnmort11.c..! Bond Prcm1un1 9.ZH,517 2,7'H,888 6.452,629

75 2 00-5 00% Untwrsn, of Arbn.sas Vanous Fac1lm Jim,. Hall, Uplo"n Campus, Housing Office. 60,540.000 4.795,000 55,745,000 Rc,-.::nuc Bonds{Fa\'C1tcv1llc Compu.s), Sones 20128 Founders lfa!!/Brough Commons, Uu!m lnfrastructun:, John,\ \Vlulc Engmccnng Hall, Science Bm!dmg. Various Roofs,MEEG HVAC, Somor Wall. S,gna)lc.ADA Compliance. Upper/Lo""'Service Dm·c. Propcrl\' Purchases. JcM T\'son Cluld Dc,clopmcnl Center. Vol Walker

Unan,om,.cd Bond Prcnuum S.0W.621 1,553.536 6,527,085

76 I 00•:i 00% Unl\crstl)'· of Arl.MS'1S Vanous Fac,hl\ Classroom& Lol>oralo""Bu1ldmg , Leroy Pond 54,450.000 5.685,000 4�.765.000 Rc,cnuc Bonds (Fa,-.::uc,·illcCampus). Scncs 2013A Uhhh Plant. Jim & Joyce Faulkner Pcrfomung Ans Center, Comb med Heat & Po\\-.::r

Unamom,.cd Bond Prcnuum 6.451.658 1,122.�25 5.329,233

77 1 00-5 00% Un!\'crs,ly of Arkansas Athlchc Facihucs A1l,lcl1c Acadcnuc and Dmmg Factlil)·. Bas.cball 30.355,000 7,650,000 22.705.000 Re,<:nucBonds (Fa,cltcn!!c Campus) Scncs2013 Athlcuc and Track l11doorTrnmin)l Facility. Baslclba!! Prncllcc Fac1hlv

Unamon11"d Bond P,-.::n11un, 5,294.718 J.R93,170 3.401.548

45 " 2 (H).5 00% Um,rnm of Arl.lnsas Vanous Fac,hl, Calo Spr1n11s Rcsc:uch Ccmcr, Central He,,\mg 24.730.000 1.575,000 23.155.000 Rc,-cnuc Bonds(Favcllc\11lc Camp,us). Scncs2014A Plant. J,m & Joyce Faulkner Pdonn,ng Arts Ccu1cr. Ai:ncutlural Food and Life Sc,cncc Bmldmg. Art and Design D,w,ct

Unamonw:d Bond Prcmmm 2345.740 319,H74 2,025.&M,

85--1 5% Um,·rn11\· ofArkansas Vanous Fac,hl} P, Kappa Alpha Fratcmm Rcs,dcne<: 5,020.000 365,000 H,55,000 Rc";:nucBonds (Fa,·c11c,·1llc Camus) Scncs 2014B {Ta�ablc)

" 2 00 • 5 00",0 Um,crs,t, of Arl-ansas Vanous Fac,lm Refund S2.750,000 ofScrws 200.J(B)(Bond 70,360,000 8,685,000 6!.675.000 Rc,cnuc Refund mg Bonds (Favcuc,·,llc Campus) 63), $13.5!0,000 ofScncs 2005(A) (llond Scncs 2015A MA), and $60.475.000 ofScncs2006, (BondM,)

Unamon11cd Bond Prcn11um 11,921.267 1.853A0J 10,067,864 "" 2 00 - 5 00% Un!\ersn, of Ar�nnsas Alhk1,c Fac,ht, Refund $4,770.000 ofScncs 2006 Alhlcuc 14.180,000 3,270.ll00 l0.910,000 Rc,-cnuc Rcfundmi: Bonds (Fa,c11cnllc Campus) Bonds {Bond (,7) and $10,475.000 of Scncs2015 Series 2011 A!hlwc Bonds (Bond 73)

Unamor111.cd Bond Prcmrnm 2.204.435 981,095 1.223,340 "' I 02 • 4 40% Unn-crs1t\' of Arlmnsa, Vanous Fac,hl, Lambda Cl11 Alpha Fra1cmll\' Residence, 7.510,000 295,000 7,215,000 Rc,cnuc Bonds. (Fa,cnc, ,lie Campus) Scncs 20158 P, Kappa Alpha Fratcm,ti Rcs,dcncc. (Taxable) Na1ural Gas Scrv,cc Lmc " 2 00 • S 00% Um,crs,1, of Arkansas VanollS Fac,hl\ Refund S45,9U.OOO ofScncs 200513 3(,,675.000 16.245,000 20.430,000 Rc,cnuc Refunding Bonds(F,i,·cttcv,llc Campus) Bonds, (Bond413) Scncs 20l5C

Unamorlmod Bond Prcmmm 3,580,610 l.6H,757 1.932,853 "' J 00 - 5 00%, Um,crs,t\ of Mansas Vanous Fac,lily Refund $38.200.000 of Series 2007A Bonds 93,590,000 3.740,000 89,850.000 Revenue Bonds (Fa,·cttc,·,llc Campus), Rcfund;nr,and {Bond 68). and $35,545,000of Series 2008A lmpro,·cmcntScncs 2016A Bonds (Bond69A) Also pro,·,dc funding forC,nl Eni:mceringResearch and Educ:,l!onCenter. KimpelHall Rcno,·atton. L,br.ory S1orngc, Monument Signs. lntr• mural SpOrtSFac,hues, D,sco,·cry Hall Rcno,·ation. Pm Walker Health Ccn1cr Expansion. Sii:ma Alpha Ep5,lon Fratcm11i·. and olhcr Capita! lmpro,·cn,cnts

Unamonucd Bond Prcnunl!I 15,213.500 !,424,528 13.788,972 "' 87 - 3.25% Unm:,s,h of ArkMsas Vanous Fac,hl\' Refund $13.500.000 of Scncs 2008B 15,280.000 2,0&5,00(1 !J,195,000 Rc,·cnuc Bonds (Fa,·ct1c\'!1!c Campus, Refunding Bonds (Bond 6913) Scncs 20168 (Taxable) "' 5 00%Un!\crs1lY of Arkansas Athlcl!c Facihtics Expans,on of Donald W R�nolds 24,845,000 24.845,0llO Rc,·cnuc Bonds (Fa,cuc,·,llc Campus) ScnC'.!2016A Rawrbacl Stad,um • North End Zone (Tax-Excn,pl) Mw sea long, connccuon of cast and \\CSl.clcrnlors. admimstrall\ 'C offices, etc

Unanmm,.cd BondPrcnuum 5,154,015 H0,!08 4,713,907 "' &7 - 3 25% Unl\'crsuy of Arkansas Athletic Fac,hucs Expans,on of Donald W. Re>nolds 90,ll00,000 90.00·ollc Campus) Scnes2017 K,mpclHall, O!Tsilc Libra!)' Stora,:cBui!dini:. lntcrnmuralSports Facilittcs. C"·il Engmccring RcscarcliCcntcr, Pat Walker Hcallh Ccmcr, S,,:ma,\lpha Ep5ilon Fraternity

Unamorlu<'

'J5K.777.2__!!_L ' 118.303.7')') ' 840A73AK3

46 Schedule 12 llniversity of Arkansas Schedule of Cariital Leases Outstanding and Notes Paynble ,June 30, 2018

Princi1ml Principal Amount of Amount Amount Description Purpose for Original Retired to Outstnnding of Liability Which Issued Issue June 30, 2018 June 30, 2018

Capital Lease CES Utility Cab Tractor s !20,447 s 25,802 s 94,645

Capital Lease IBM Mainframe 530,400 530,400

Capital Lease BMEG Vantage - Xray Machine 238,148 238,148

Capital Lease U!TS IBM Palo Alto 730,624 137,681 592.943

Capital Lease urrs Rubrik 485,364 99,454 385,910

Capital Lease CSES Tractor Lease 33,683 33,683

Capital Lease rose Agilent 1260 61,563 19,804 41,759

Installment Contract ESPC - Steam Plant 4,935,766 1,244,305 3,691,461

Installment Contract ESPC - Campus Wide ($23M) 16,969,012 5,709,149 11,259,863

Installment Contract ESPC - Phase Ill 6,844,590 2,399,812 4,444,778

Note Payable SJM Housing Loan 3,000,000 2,271,697 728,303

Note Payable (a) Sigma Chi Loan 2,071,140 1,395,209 675,931 s 36,020,737 s 14,105.144 s 21,915.593

(a) This note payable to UAMS is related 10 a UAMS bond issue.

47 THIS PAGE INTENTIONALLY LEFT BLANK

48 University of Ark:rnsns Schedule of Net Investment in Plant For the Yenr Ended ,June 30, 2018 Infrnstrueturc & Furniture Improvements Construction nnd Other Thnn ;, Land Buildings Equipment Buildings Progress

Balance July I, 2017 59.952,818 s 1,592. 760,259 s 249.281, 708 s 160,959.210 83,5! 7.982

Add or {Deduct): Gifts/Grnnls 996,382 2.394,244

Additions from Pinnt Funds 6,577,460 1,401,224 2,001,966 l,021,989 165,145,981 Current Funds 330,962 12,741,219 1,079,088

Net Cnpitalized Interest Exp 5,355,064

Reclassified from Other Assets

Net lncrense/{Decrease) in Livestock

Lease Purchnses 574583

Construction in Progress 24,861,627 5,185,077 (31,453,606) Completed/Reclassify Intangible Assets

lnterunit Transfers

Trnnsfer/Dispos:11of Property (150,000) (782.581) (10,048,858)

Bonds Pnynble Trnnsferred to Net lm·estment in Pinnt

Deferred Loss on Refinanced Bonds

Bond lssunnce Costs

Bond Premium/Discount

Bonds Retired/Defensed {Schedule 10)

Notes and Capital Leases Payable Assumed

Notes and Capital Leases Paynble Retired (Schedule IO)

Prepnid Mnintennnce on Lease Purchnsc Expenses in FY20l8

C.I.P. Expenditures Expensed in FY20J8

Adjustments 43.291 1,000 Bnlancc June 30, 2018 s 66,380,278 s 1,618,571,491 255,590.291 l 67,166.276 s 226,039,753

49 Schedule 13

Other Totnl Net Library Intangible l'hysicnl Physical Bonds Other Investment lloldiags Assets Property Properties Pnvnble Pavnblcs in Pinnt

90,521,260 77,423,614 s 2,208,321 s 2,316,625,!72 653,195,461 24,786,584 s 1,638,643,127

267,067 3,657,693 3,657,693

! 76,148,620 l 76,148,620 756,170 14,907,439 14,907,439

5,355,06-t 5,355,064

(185.503) (185.503) (185,503)

641,405 1,215,988 1,215,988

1,406,902

{95,495) (11,076,934) (11,076,934)

104,898,884 (104,898,884)

1,410,138 (1,410,138}

12,412,8S9 (12,412,889)

(25,705,000) 25,705,000

l,215,988 (1,215,988}

(4,181,625) 4,181,625

(132,267) (132,267) (132,267) 332,034 287,743 332,034 1.738,813,987 s 91,736,745 78,830.516 2,531,956 s 2,506,847,306 746.212.372 21,820.947

50