Universal Service Administrative Company
Statement of Financial Position
December 31, 1998
(in thousands)
ASSETS
| CASH AND CASH EQUIVALENTS (Note 2) | $5,665 |
| RESTRICTED NET ASSETS APPLICABLE TO UNIVERSAL SERVICE FUND (USF) (Note 1) | 1,403,645 |
| Total assets | $1,409,310 |
LIABILITIES AND FUND BALANCE
| ACCOUNTS PAYABLE (Note 2) | $5,665 |
| RESTRICTED FUND BALANCE APPLICABLE TO USF (Note 1) | 1,403,645 |
| Total liabilities and fund balance | $1,409,310 |
The accompanying notes to financial statements
are an integral part of this statement.
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