Current funds provide the resources used for the current operations of the university in meeting its goals of providing instruction, research, patient services, and public service.

Revenues
The current funds group is divided into two subgroups: unrestricted funds, which are available for any university-designated purpose, and restricted funds, for which an outside agency or donor has specified a purpose. The university accounts for state appropriations and certain other revenues, such as student fees and UCSD Medical Center income, in the unrestricted funds subgroup. The restricted funds subgroup contains primarily extramural funds, in the form of contracts, grants and gifts, earmarked for research, student aid, and other purposes. In fiscal year 2000, total current fund revenues and other additions were $1.5 billion, of which $1.1 billion was unrestricted and $428.4 million was restricted. The largest provider was the UCSD Medical Center with $370.6 mill-ion in total revenues followed by the federal government, $358.6 million and the state of California, $299 million.

Expenditures
For the year ended June 30, 2000, current funds expenditures totaled $1.4 billion. Expenditures are grouped into functional categories, the largest being research, $387.9 million, the UCSD Medical Center, $333.8 million, and instruction, $267.9 million.

The plant funds group includes four subgroups: unexpended plant funds, re-newal and replacement funds, retirement of indebtedness funds, and investment in plant funds. Unexpended plant funds are designat-ed to finance the acquisition, construction, and renovation of capital assets. Funds come from several sources, including state appropriations, gifts and grants, transfers from current funds, and external financing. Funds available during fiscal year 2000 totaled $118.8 million; at year end $35.7 million remained available. Renewal and replacement funds are set aside to provide resources for the renewal and replacement of capital assets. At year-end, $12.9 million remained available. As projects are completed and capital-ized, the capitalized amounts and any related liabilities are transferred to the investment in plant subgroup. Within this subgroup is recorded the original cost, or in the case of gifts the fair market value, of the land, buildings, library collections, and equipment assets of the university. Assets in the investment in plant subgroup totaled $2.4 billion, and related liabilities $695.1 million, as of June 30, 2000. Retirement of indebtedness funds have been established to accumulate monies for the retirement of specific outstanding loans, bonds, and certificates of participation. At year-end, retirement funds totaled $49.3 million.

Endowment and similar funds consist of endowments, funds functioning as endowments, and life income funds. Endow-ment funds are invested in perpeuity and only the income is used in accordance with conditions, if any, stipulated by the donor. UC San DiegoÕs endowment funds, which had a book value of $44.7 million (market value $124.3 million) at June 30, 2000, are controlled by the University of California Office of the President and are not included in these financial statements. However, income from these funds that has been transferred to the San Diego campus is included as additions to current funds. Additionally, endowment funds of the UC San Diego Foundation, which had a book value of $81.1 million (market value $155.9 million) at June 30, 2000, are not included in the financial statements of the university.

Loan funds consist of monies designated for loans to students, faculty, and staff. Student loan funds are provided from federal student loan programs (83.3 percent), university funds, and private donations. As of June 30, 2000, outstand-ing loans totaled $25.7 million, with stud-ent loans accounting for 98.8 percent of the total.