IPEDS Reporting Year Finance 2007-08 (2006-07 Data)
Institution: University of Missouri-Systems Office (178439)
User ID: 29C0011
Finance - Public institutions
Reporting Standard
Please indicate which reporting standards are used to prepare your financial statements:
       GASB (Governmental Accounting Standard Board), using standards of GASB 34 & 35
  FASB (Financial Accounting Standard 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.

Institution: University of Missouri-Systems Office (178439)
User ID: 29C0011

 
Finance - Public institutions
General Information
Finance - Public Institutions
To the extent possible, the finance data requested in this report should be provided from your institution's audited General Purpose Financial Statement (GPFS). Please refer to the instructions specific to each page of the survey for detailed instruction 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, 2007.)
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 Don't know               
3. 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. 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 caveats box below)               
5. Does this institution or any of its foundations or other affiliated organizations own endowment assets ?
     Yes - (report endowment assets)               
  No
6.Component Units
Each discretely presented component unit should be reported in the same manner and amounts as included on the face of the institutionís GPFS. There should be one Finance Survey component unit form (Part F or G) completed for each column on the face of the GPFS other than the institution itself, whether that column represents a single component unit or a combination of component units.
     Number of component unit columns on GPFS using FASB standards
  Number of component unit columns on GPFS using GASB standards
Caveats:

Institution: University of Missouri-Systems Office (178439)
User ID: 29C0011
Part A - Statement of Net Assets
Fiscal Year 2007
  Report in whole dollars only
 
Line no.   Current year amount Prior year amount
  Current Assets    
01 Total Current Assets  171,764,717
 
  Noncurrent Assets    
02 Capital assets - depreciable (gross)  81,943,151
03 Accumulated depreciation (enter as a positive amount)  38,065,838
04 Other noncurrent assets (CV)
CV
=[A05-(A02-A03)]
313,478,006  270,593,522
05 Total noncurrent assets  314,470,835
 
06 Total assets (CV)
CV
=(A01+A05)
585,206,004  486,235,552
 
  Current Liabilities    
07 Long-term debt, current portion  0
08 Other current liabilities (CV)
CV=(A09-A07)
217,995,971  199,868,290
09 Total current liabilities  199,868,290
 
  Noncurrent Liabilities    
10 Long-term debt  8,220,000
11 Other noncurrent liabilities (CV)
CV
=(A12-A10)
0  0
12 Total noncurrent liabilities  8,220,000
 
13 Total liabilities (CV)
CV
=(A09+A12)
226,215,971  208,088,290
 
  Net Assets    
14 Invested in capital assets, net of related debt  35,933,757
15 Restricted-expendable  14,077,193
16 Restricted-nonexpendable  50,966,330
17 Unrestricted (CV)
CV
=[A18-(A14+A15+A16)]
250,541,641  177,169,982
18 Total Net assets (CV)
CV
=(A06-A13)
358,990,033  278,147,262
 
 
CV= Calculated Value
 
 
CAVEATS
 

Institution: University of Missouri-Systems Office (178439)
User ID: 29C0011
Part A - Plant, Property, and Equipment
Fiscal Year 2007
  Report in whole dollars only        
 
Line No. Description Beginning
balance
Additions Retirements
(CV)
Ending balance
  Plant, Property, and Equipment        
 
21 Land & land improvements 0
22 Infrastructure 0
23 Buildings 139,047
24 Equipment 4,499,640
25 Art and library collections 0
26 Property obtained under capital leases
(if not included in equipment)
0
27 Construction in progress 0
28 Accumulated depreciation 0
 
  CV = (Beginning Balance + Additions - Ending Balance)    
 
 
CAVEATS
 

Institution: University of Missouri-Systems Office (178439)
User ID: 29C0011
Part B - Revenues and Other Additions
Fiscal Year 2007
  Report in whole dollars only    
 
Line No. Source of Funds Current year amount Prior year amount
  Operating Revenues    
01 Tuition & fees, after deducting discounts & allowances 0
  Grants and contracts - operating    
02 Federal operating grants and contracts 4,397,613
03 State operating grants and contracts 2,446,289
04 Local/private operating grants and contracts 0
05 Sales & services of auxiliary enterprises,
after deducting discounts & allowances
1,500,489
08 Other sources - operating (CV)
CV
=[B09-(B01+ ....+B07)]
38,628,145 0
09 Total operating revenues 8,344,391
 
 
 

Institution: University of Missouri-Systems Office (178439)
User ID: 29C0011
Part B - Revenues and Other Additions
Fiscal Year 2007
  Report in whole dollars only    
 
Line No. Source of funds Current year amount Prior year amount
  Nonoperating Revenues    
10 Federal appropriations 0
11 State appropriations 31,526,484
12 Local appropriations, education district taxes, & similar support 0
  Grants-nonoperating    
13 Federal nonoperating grants 0
14 State nonoperating grants 0
15 Local nonoperating grants 0
16 Gifts, including contributions from affiliated organizations 26,044
17 Investment income 17,956,057
18 Other nonoperating revenues (CV)
CV
=[B19-(B10+...+B17)]
0 0
19 Total nonoperating revenues 49,508,585
 
 
 

Institution: University of Missouri-Systems Office (178439)
User ID: 29C0011
Part B - Revenues and Other Additions
Fiscal Year 2007
  Report in whole dollars only    
 
Line No. Resource of funds Current year amount Prior year amount
  Other Revenues and Additions    
20 Capital appropriations 0
21 Capital grants & gifts 0
22 Additions to permanent endowments 192,324
23 Other revenues & additions (CV)
CV
=[B24-(B20+...+B22)]
0 0
24 Total other revenues and additions 192,324
 
25 Total all revenues and other additions (CV)
CV
=(B09+B19+B24)
128,898,408 58,045,300
 
CV = Calculated Value
 
 
CAVEATS
 

Institution: University of Missouri-Systems Office (178439)
User ID: 29C0011
Part C - Expenses and Other Deductions
Fiscal Year 2007
  Report in whole
dollars only
                              
         
    1 2 3 4 5
Line No. Description Current year total Salaries & wages Employee fringe benefits Depreciation All other                    
  Operating Expenses  
01 Instruction 0
02 Research 99,273
03 Public service 16,734,473
05 Academic support 6,597,373
06 Student services 1,990,165
07 Institutional support -22,266,665
08 Operation & maintenance
of plant
360,773
09 Depreciation     6,257,977
10 Scholarships and fellowships
expenses
, excluding discounts & allowances (do not include work study here)
  0
11 Auxiliary enterprises 977,610
14 Other expenses
& deductions (CV)
CV=[C15-(C01+...+C13)]
3,803,999 0 0 0 3,803,999
15 Total operating expenses 8,297,001
  Prior year amount 71,834,472 12,656,136 5,653,895 6,324,331 47,200,110
 
 

Institution: University of Missouri-Systems Office (178439)
User ID: 29C0011
Part C - Expenses and Other Deductions
Fiscal Year 2007
  Report in whole dollars only                                        
    1 2 3 4 5
Line No. Description Current year total Salaries & wages Employee fringe benefits Depreciation All other                    
  Nonoperating Expenses and Deductions          
16 Interest       723,954
17 Other nonoperating expenses & deductions (CV)
CV=(C18-C16)
8,016 0 0 0 8,016
18 Total nonoperating
expenses & deductions (CV)
CV=(C19-C15)
731,970 0 0 0 731,970
 
19 Total expenses & deductions 9,028,971
  Prior year amount 73,538,573 12,656,136 5,653,895 6,324,331 48,904,211
 
CV = Calculated Value
 
CAVEATS
 

Institution: University of Missouri-Systems Office (178439)
User ID: 29C0011
Part D - Summary of Changes In Net Assets
Fiscal Year 2007
 
Line No. Description Current year amount Prior year amount
01 Total revenues & other additions (from B25) 128,898,408 58,045,300
 
02 Total expenses & deductions (from C19) 48,055,639 73,538,573
 
03 Increase in net assets during year (CV)
CV=(D01-D02)
80,842,769 -15,493,273
04 Net assets beginning of year 293,640,535
05 Adjustments to beginning net assets (CV)
CV=[D06-(D03+D04)]
0 0
06 Net assets end of year (from A18) 358,990,033 278,147,262
 
CV = Calculated Value
 
 
CAVEATS
 

Institution: University of Missouri-Systems Office (178439)
User ID: 29C0011
Part H - Details of Endowment Assets
Fiscal Year 2007
Report in whole dollars only
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    155,950,416
02 Value of endowment assets at the end of the fiscal year    142,677,009

Institution: University of Missouri-Systems Office (178439)
User ID: 29C0011
Part J - Revenue Data for Bureau of Census
Part J - Revenues (Census Bureau)
Fiscal Year 2007
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 0 0      
02 Sales and services 2,431,723 1,535,402
03 Federal grants/contracts (excludes Pell Grants) 0
  Revenue from the state government:
04 State appropriations, current & capital 33,739,087
05 State grants and contracts 4,240,787
  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  
 
CAVEATS
 

Institution: University of Missouri-Systems Office (178439)
User ID: 29C0011
Part K - Expenditure Data for Bureau of Census
Part K - Expenditures
Fiscal Year 2007
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 26,359,698 1,074,151
02 Employee benefits, total 5,363,731 313,117
03 Payment to state retirement funds (maybe included in line 02 above) 0
04 Current expenditures other than salaries 67,131,221
  Capital outlay:  
05 Construction 0
06 Equipment purchases 0
07 Land purchases 0
08 Interest on debt outstanding, all funds & activities  
09 Scholarships/fellowships  
 
CAVEATS
 

Institution: University of Missouri-Systems Office (178439)
User ID: 29C0011
Part L - Debt and Assets, page 1
Part L - Debt and Assets
Fiscal Year 2007
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
 
 
CAVEATS
 

Institution: University of Missouri-Systems Office (178439)
User ID: 29C0011
Part L - Debt and Assets, page 2
Part L - Debt and Assets (page 2)
Fiscal Year 2007
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
 
 
CAVEATS
 

Institution:  University of Missouri-Systems Office (178439) User ID:  29C0011
Explanation Report
Number Source Location Description Severity Accepted
Screen: Part 1
1 Row 15
Column 3
Screen Entry The number entered, 44631905, has an expected range of between 4172196 and 12516586 based on last year's amount. Please explain this difference. Explanation Yes
Reason: Much of this increase was due to the timing of funding approval from the Universal Service Administrative Company on MOREnetís e-rate program.
Screen: Part 1
2 Row 11
Column 3
Screen Entry This number should be greater than zero. Please explain. Explanation Yes
Reason: Institutional Support is received by UM System from other campus and covers expenses in the various catagories.
Screen: Part 3
3 Row 37
Column 3
Screen Entry The number entered, 118633524, has an expected range of between 29022650 and 87067950 based on last year's amount. Please explain this difference. Explanation Yes
Reason: Revenues are up significantly due to other operating income previously discussed and large investment income gains.