Overview

Finance Overview
	Purpose
	The purpose of the IPEDS Finance component is to collect basic financial information from items associated with the institution's General Purpose Financial Statements.
	Resources: To download the survey materials for this component: Survey Materials
	To access your prior year data submission for this component: Reported Data
If you have questions about completing this survey, please contact the IPEDS Help Desk at 1-877-225-2568.

Finance - Public institutions

Reporting Standard
Please indicate which reporting standards are used to prepare your financial statements:
		GASB (Governmental Accounting Standards Board), using standards of GASB 34 & 35
		FASB (Financial Accounting Standards Board)
Please consult your business officer for the correct response before saving this screen. Your response to this question will determine the forms you will receive for reporting finance data.

Finance - Public institutions

General Information GASB-Reporting Institutions (aligned form)

To the extent possible, the finance data requested in this report should be provided from your institution's audited General Purpose Financial Statements (GPFS). Please refer to the instructions specific to each screen of the survey for details and references.

1. Fiscal Year Calendar
This report covers financial activities for the 12-month fiscal year: (The fiscal year reported should be the most recent fiscal year ending before October 1, 2011.)
Beginning: month/year (MMYYYY)	Month:		Year:
And ending: month/year (MMYYYY)	Month:		Year:

2. Audit Opinion
Did your institution receive an unqualified opinion on its General Purpose Financial Statements from your auditor for the fiscal year noted above? (If your institution is audited only in combination with another entity, answer this question based on the audit of that entity.)
		Unqualified		Qualified (Explain in box below)		Don't know (Explain in box below)

3. Reporting Model GASB Statement No. 34 offers three alternative reporting models for special-purpose governments like colleges and universities. Which model is used by your institution ?
		Business Type Activities
		Governmental Activities
		Governmental Activities with Business-Type Activities
4. Intercollegiate Athletics If your institution participates in intercollegiate athletics, are the expenses accounted for as auxiliary enterprises or treated as student services?
		Auxiliary enterprises
		Student services
		Does not participate in intercollegiate athletics
		Other (specify in box below)
5. Endowment Assets Does this institution or any of its foundations or other affiliated organizations own endowment assets ?
		Yes - (report endowment assets)
		No

You may use the space below to provide context for the data you've reported above.

Intercollegiate Athletics is a department.

Part A - Statement of Net Assets

Fiscal Year: July 1, 2010 - June 30, 2011
Line no.		Current year amount	Prior year amount
	Current Assets
01	Total current assets		109,864,544
	Noncurrent Assets
31	Depreciable capital assets, net of depreciation		222,400,808
04	Other noncurrent assets CV=[A05-A31]	125,565,106	99,266,373
05	Total noncurrent assets		321,667,181
06	Total assets CV=(A01+A05)	505,391,447	431,531,725
	Current Liabilities
07	Long-term debt, current portion		23,400,325
08	Other current liabilities CV=(A09-A07)	17,580,057	17,589,680
09	Total current liabilities		40,990,005
	Noncurrent Liabilities
10	Long-term debt		50,549,583
11	Other noncurrent liabilities CV=(A12-A10)	84,633	0
12	Total noncurrent liabilities		50,549,583
13	Total liabilities CV=(A09+A12)	128,710,831	91,539,588
	Net Assets
14	Invested in capital assets, net of related debt		157,735,549
15	Restricted-expendable		44,879,695
16	Restricted-nonexpendable		82,019,088
17	Unrestricted CV=[A18-(A14+A15+A16)]	66,488,419	55,357,805
18	Total net assets CV=(A06-A13)	376,680,616	339,992,137
You may use the space below to provide context for the data you've reported above.

Part A - Statement of Net Assets (Page 2)

Fiscal Year: July 1, 2010 - June 30, 2011
Line No.	Description	Ending balance	Prior year Ending balance
	Capital Assets
21	Land & land improvements		5,801,270
22	Infrastructure		18,785,815
23	Buildings		250,153,980
32	Equipment, including art and library collections		79,515,478
27	Construction in progress		12,767,976
	Total for Plant, Property and Equipment CV = (A21+ .. A27)	391,941,061	367,024,519
28	Accumulated depreciation		144,623,711
33	Intangible assets, net of accumulated amortization		0
34	Other capital assets		0
You may use the space below to provide context for the data you've reported above.

Part B - Revenues and Other Additions

Fiscal Year: July 1, 2010 - June 30, 2011
Line No.	Source of Funds		Current year amount	Prior year amount
	Operating Revenues
01	Tuition & fees, after deducting discounts & allowances			47,795,648
	Grants and contracts - operating
02	Federal operating grants and contracts			22,531,636
03	State operating grants and contracts			3,576,928
04	Local government/private operating grants and contracts		11,653,743	13,376,352
	04a	Local government operating grants and contracts		0
	04b	Private operating grants and contracts		13,376,352
05	Sales & services of auxiliary enterprises, after deducting discounts & allowances			14,992,079
06	Sales & services of hospitals, after deducting patient contractual allowances			0
26	Sales & services of educational activities			602,994
07	Independent operations			0
08	Other sources - operating CV=[B09-(B01+ ....+B07)]		2,353,865	2,703,268
09	Total operating revenues			105,578,905

Part B - Revenues and Other Additions

Fiscal Year: July 1, 2010 - June 30, 2011
Line No.	Source of funds		Current year amount	Prior year amount
	Nonoperating Revenues
10	Federal appropriations			0
11	State appropriations			50,854,013
12	Local appropriations, education district taxes, & similar support			0
	Grants-nonoperating
13	Federal nonoperating grants			4,994,623
14	State nonoperating grants			0
15	Local government nonoperating grants			0
16	Gifts, including contributions from affiliated organizations			3,980,264
17	Investment income			12,245,337
18	Other nonoperating revenues CV=[B19-(B10+...+B17)]		73,850	0
19	Total nonoperating revenues			72,074,237
27	Total operating and nonoperating revenues CV=[B19+B09]		191,127,148	177,653,142
28	12-month Student FTE from E12 CV=[B28a+B28b]		6,205
	28a	Undergraduates	5,034
	28b	Graduates	1,171
29	Total operating and nonoperating revenues per student FTE CV=[B27/B28]		30,802

Part B - Revenues and Other Additions

Fiscal Year: July 1, 2010 - June 30, 2011
Line No.	Source of funds	Current year amount	Prior year amount
	Other Revenues and Additions
20	Capital appropriations		0
21	Capital grants & gifts		3,340,689
22	Additions to permanent endowments		7,064,769
23	Other revenues & additions CV=[B24-(B20+...+B22)]	0	0
24	Total other revenues and additions		10,405,458
25	Total all revenues and other additions CV=[B09+B19+B24]	202,308,526	188,058,600
You may use the space below to provide context for the data you've reported above.

Part C - Expenses and Other Deductions

Fiscal Year: July 1, 2010 - June 30, 2011
			1	2	3	4	5	6	7	8
Line No.	Description		Total amount	Salaries & wages	Employee fringe benefits	Operation and maintenance of plant	Depreciation	Interest	All other	PY Total Amount
	Expenses and Deductions
01	Instruction								11,942,947	73,990,090
02	Research								11,221,771	32,235,557
03	Public service								815,444	3,250,003
05	Academic support								1,752,041	6,953,685
06	Student services								5,472,433	16,665,558
07	Institutional support								756,626	10,128,230
08	Operation & maintenance of plant (see instructions)		0						0	0
10	Scholarships and fellowships expenses, excluding discounts & allowances								5,956,000	5,265,000
11	Auxiliary enterprises								7,509,734	11,419,106
12	Hospital services								0	0
13	Independent operations								0	0
14	Other expenses & deductions CV=[C19-(C01+...+C13)]		112,768	0	0	0	0	0	112,768	726,933
19	Total expenses & deductions					0			45,539,764	160,634,162
	Prior year amount		160,634,162	85,453,546	19,225,140		11,662,774	2,688,277	41,604,425
20	12-month Student FTE from E12 CV=[C20a+C20b]		6,205
	20a	Undergraduates	5,034
	20b	Graduates	1,171
21	Total expenses and deductions per student FTE CV=[C19/C20]		26,691
You may use the space below to provide context for the data you've reported above.

Part D - Summary of Changes In Net Assets

Fiscal Year: July 1, 2010 - June 30, 2011
Line No.	Description	Current year amount	Prior year amount
01	Total revenues & other additions (from B25)	202,308,526	188,058,600
02	Total expenses & deductions (from C19)	165,620,047	160,634,162
03	Change in net assets during year CV=(D01-D02)	36,688,479	27,424,438
04	Net assets beginning of year		312,567,700
05	Adjustments to beginning net assets and other gains or losses CV=[D06-(D03+D04)]	0	-1
06	Net assets end of year (from A18)	376,680,616	339,992,137
You may use the space below to provide context for the data you've reported above.

Part E - Scholarships and Fellowships

Fiscal Year: July 1, 2010 - June 30, 2011
Line No.	Source	Current year amount	Prior year amount
01	Pell grants (federal)		4,994,623
02	Other federal grants		2,554,151
03	Grants by state government		3,474,590
04	Grants by local government		0
05	Institutional grants from restricted resources		2,188,500
06	Institutional grants from unrestricted resources CV=[E07-(E01+...+E05)]	20,105,075	18,792,473
07	Total gross scholarships and fellowships		32,004,337
	Discounts and Allowances
08	Discounts & allowances applied to tuition & fees		26,285,024
09	Discounts & allowances applied to sales & services of auxiliary enterprises CV= (E10-E08)	52,522	454,313
10	Total discounts & allowances CV=(E07-E11)	28,651,923	26,739,337
11	Net scholarships and fellowships expenses after deducting discount & allowances (from C10)	5,956,000	5,265,000
You may use the space below to provide context for the data you've reported above.

Part H - Details of Endowment Assets

Fiscal Year: July 1, 2010 - June 30, 2011
Line No.	Value of Endowment Assets	Market Value	Prior Year Amounts
	Include not only endowment assets held by the institution, but any assets held by private foundations affiliated with the institution.
01	Value of endowment assets at the beginning of the fiscal year		100,115,729
02	Value of endowment assets at the end of the fiscal year		115,825,472
You may use the space below to provide context for the data you've reported above.

Part J - Revenue Data for Bureau of Census

Fiscal Year: July 1, 2010 - June 30, 2011
Source and type		Amount
		Total for all funds and operations (includes endowment funds, but excludes component units)	Education and general/independent operations	Auxiliary enterprises	Hospitals	Agriculture extension/experiment services
		(1)	(2)	(3)	(4)	(5)
01	Tuition and fees	80,664,284	80,664,284
02	Sales and services	16,701,241		16,032,699	0
03	Federal grants/contracts (excludes Pell Grants)	25,204,925
	Revenue from the state government:
04	State appropriations, current & capital	47,698,395
05	State grants and contracts	2,737,836
	Revenue from local governments:
06	Local appropriation, current & capital	0
07	Local government grants/contracts	0
08	Receipts from property and non-property taxes
09	Gifts and private grants, including capital grants
10	Interest earnings
11	Dividend earnings
12	Realized capital gains
You may use the space below to provide context for the data you've reported above.

Part K - Expenditure Data for Bureau of Census

Fiscal Year: July 1, 2010 - June 30, 2011
Category		Amount
		Total for all funds and operations (includes endowment funds, but excludes component units)	Education and general/ independent operations	Auxiliary enterprises	Hospitals	Agriculture extension/ experiment services
		(1)	(2)	(3)	(4)	(5)
01	Salaries and wages	84,850,587		2,465,189	0
02	Employee benefits, total	19,698,454		586,974	0
03	Payment to state retirement funds (maybe included in line 02 above)	0
04	Current expenditures other than salaries	52,800,183
	Capital outlay:
05	Construction	16,174,160
06	Equipment purchases	4,937,978
07	Land purchases	0
08	Interest on debt outstanding, all funds & activities
09	Scholarships/fellowships	34,607,923	34,607,923
You may use the space below to provide context for the data you've reported above.

Part L - Debt and Assets, page 1

Fiscal Year: July 1, 2010 - June 30, 2011
Debt
Category		Amount
01	Long-term debt outstanding at beginning of fiscal year
02	Long-term debt issued during fiscal year
03	Long-term debt retired during fiscal year
04	Long-term debt outstanding at end of fiscal year
05	Short-term debt outstanding at beginning of fiscal year
06	Short-term debt outstanding at end of fiscal year
You may use the space below to provide context for the data you've reported above.

Part L - Debt and Assets, page 2

Fiscal Year: July 1, 2010 - June 30, 2011
Assets
Category		Amount
07	Total cash and security assets held at end of fiscal year in sinking or debt service funds
08	Total cash and security assets held at end of fiscal year in bond funds
09	Total cash and security assets held at end of fiscal year in all other funds
You may use the space below to provide context for the data you've reported above.

IPEDS collects important information regarding your institution. All data reported in IPEDS survey components become available in the IPEDS Data Center and appear as aggregated data in various Department of Education reports. Additionally, some of the reported data appears specifically for your institution through the College Navigator website and is included in your institution’s Data Feedback Report (DFR). The purpose of this summary is to provide you an opportunity to view some of the data that, when accepted through the IPEDS quality control process, will appear on the College Navigator website and/or your DFR. College Navigator is updated approximately three months after the data collection period closes and Data Feedback Reports will be available through the ExPT and sent to your institution’s CEO in November 2012.

Please review your data for accuracy. If you have questions about the data displayed below after reviewing the data reported on the survey screens, please contact the IPEDS Help Desk at: 1-877-225-2568 or ipedshelp@rti.org.

Core Revenues
Revenue Source Reported values Percent of total core revenues Core revenues per FTE enrollment Tuition and fees $52,064,883 28% $8,391 Government appropriations $47,698,395 26% $7,687 Government grants and contracts $33,936,551 18% $5,469 Private gifts, grants, and contracts $15,962,869 9% $2,573 Investment income $22,388,016 12% $3,608 Other core revenues $14,277,635 8% $2,301 Total core revenues $186,328,349 100% $30,029   Total revenues $202,308,526   $32,604
Core revenues include tuition and fees; government appropriations (federal, state, and local); government grants and contracts; private gifts, grants, and contracts; investment income; other operating and nonoperating sources; and other revenues and additions. Core revenues exclude revenues from auxiliary enterprises (e.g., bookstores, dormitories), hospitals, and independent operations.

 

Core Expenses
Expense function Reported values Percent of total core expenses Core expenses per FTE enrollment Instruction $77,183,764 50% $12,439 Research $31,792,243 21% $5,124 Public service $2,955,911 2% $476 Academic support $7,814,393 5% $1,259 Institutional support $10,601,088 7% $1,708 Student services $16,793,419 11% $2,706 Other core expenses $6,068,768 4% $978 Total core expenses $153,209,586 100% $24,691   Total expenses $165,620,047   $26,691
Core expenses include expenses for instruction, research, public service, academic support, institutional support, student services, operation and maintenance of plant, depreciation, scholarships and fellowships expenses, other expenses, and nonoperating expenses.

 

Calculated value FTE enrollment 6,205

The full-time equivalent (FTE) enrollment used in this report is the sum of the institution’s FTE undergraduate enrollment and FTE graduate enrollment (as calculated from or reported on the 12-month Enrollment component). FTE is estimated using 12- month instructional activity (credit and/or contact hours). All doctor’s degree students are reported as graduate students.