A multifund balance sheet can readily be recast so that it conforms with FASB standards., A balance sheet of Brown University, issued prior to the effective date of FASB Statement No. 117, is presented below. Recast the fund balance (net asset) section of the balance sheet so that it presents the fund balances in the two categories required by ASU 2014-09. Show the balances in a single column, divided into two sections. Thus, for example, current undesignated funds should be reported in the without donor restrictions section; current restricted funds in the with donor restrictions section. Assume that the plant funds, other than the net investment in plant, are donor restricted, and make other appropriate assumptions as to the type of restriction that applies to each of the other fund balances.

Brown University Balance Sheet as of June 30 (in thousands)

	Total	Current Funds	Loan Funds	Endowment Funds	Plant Funds
Assets
Cash	$110,922	$45,268	$590	$61,555	$3,509
Investments	507,503	9,042		456,126	42,335
Accounts receivable	15,070	14,499		426	145
Notes receivable	26,000		26,000
Inventories and prepaid expenses	5,047	5,047
Land, buildings, and equipment (less accumulated depreciation)	196,897				196,897
Due from (to) other funds		11,338	(3,376)	3,323	(11,285)
Total assets	$861,439	$85,194	$23,640	$521,004	$231,601
Liabilities and fund balances
Accounts payableaccrued liabilities	$29,788	$20,836	$6,597	$2,355
Deferred revenues	5,424	5,424
Agency accounts	10,375	10,375
Bonds payable	88,399				88,399
Total liabilities	$133,986	$36,635		$ 6,597	$90,754
Designated	$20,445	$20,445
Restricted	28,114	28,114
Student loan funds established by gift and grants	23,640		$23,640
Quasiendowment funds	59,644			$59,644
Restricted endowment funds	68,352			68,352
Other endowment funds	369,399			369,399
Life income funds	17,012			17,012
Unexpended	19,452				19,452
Retirement of indebtedness	6,306				6,306
Net investment in plant	115,089				115,089
Total fund balances	$727,453	$48,559	$23,640	$514,407	$140,847
Total liabilities and fund balances	$861,439	$85,194	$23,640	$521,004	$231,601