IPEDS Reporting Year Finance 2017-18 (2016-17 Data)

Institution: Missouri University of Science and Technology (178411)
User ID: 29C0011

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. |
| |

There are no new changes to the 2017-18 Finance data collection, only clarification of instructions:

• For all institutions, instructions have been added to the expense section to clarify that Operation and Maintenance expenses should be excluded from the other natural classification categories (e.g., salaries and wages, benefits, depreciation, etc.)
• For GASB institutions, clarifications have been added to the pension section for institutions with jointly audited 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.

Institution: Missouri University of Science and Technology (178411)
User ID: 29C0011

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.

Institution: Missouri University of Science and Technology (178411)
User ID: 29C0011

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, 2017.)
Beginning: month/year (MMYYYY) | Month: | 7 | Year: | 2016
And ending: month/year (MMYYYY) | Month: | 6 | Year: | 2017

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 OR in progress
(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 ?

| | No
| | Yes - (report endowment assets)

6. Pension
Does your institution include pension liabilities, expenses, and/or deferrals for one or more defined benefit pension plans in its General Purpose Financial Statements?

| | No
| | Yes

You may use the space below to provide context for the data you've reported above.
Intercollegiate Athletics is a department.

Institution: Missouri University of Science and Technology (178411)
User ID: 29C0011

Part A - Statement of Net Position Page 1

Fiscal Year: July 1, 2016 - June 30, 2017
If your institution is a parent institution then the amounts reported in Parts A and D should include ALL of your child institutions

Line no. | | Current year amount | Prior year amount
| Assets | |
01 | Total current assets | 162,018,264 | 159,657,704

31 | Depreciable capital assets, net of depreciation | 305,377,971 | 296,776,740

04

Other noncurrent assets
CV=[A05-A31]

179,803,953

170,509,557

05 | Total noncurrent assets | 485,181,924 | 467,286,297

06

Total assets
CV=(A01+A05)

647,200,188

626,944,001

19 | Deferred outflows of resources | 0 | 0

| Liabilities | |
07 | Long-term debt, current portion | 4,793,975 | 4,389,305

08

Other current liabilities
CV=(A09-A07)

19,250,441

23,395,343

09 | Total current liabilities | 24,044,416 | 27,784,648

10 | Long-term debt | 137,571,063 | 142,567,726

11

Other noncurrent liabilities
CV=(A12-A10)

0

0

12 | Total noncurrent liabilities | 137,571,063 | 142,567,726

13

Total liabilities
CV=(A09+A12)

161,615,479

170,352,374

20 | Deferred inflows of resources | 0 | 0

| Net Position | |
14 | Invested in capital assets, net of related debt | 189,234,980 | 180,478,227
15 | Restricted-expendable | 61,473,823 | 57,932,550
16 | Restricted-nonexpendable | 131,433,922 | 120,659,972

17

Unrestricted
CV=[A18-(A14+A15+A16)]

103,441,984

97,520,878

18

Net position
CV=[(A06+A19)-(A13+A20)]

485,584,709

456,591,627

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

Institution: Missouri University of Science and Technology (178411)
User ID: 29C0011

Part A - Statement of Net Position Page 2

Fiscal Year: July 1, 2016 - June 30, 2017

Line No.

Description

Ending balance

Prior year
Ending balance

| Capital Assets | |

21 | Land and land improvements | 6,694,574 | 6,694,574
22 | Infrastructure | 39,442,887 | 36,430,795
23 | Buildings | 370,145,065 | 355,505,690
32 | Equipment, including art and library collections | 100,567,595 | 101,718,800
27 | Construction in progress | 10,685,788 | 7,356,630

Total for Plant, Property and Equipment
CV = (A21+ .. A27)

527,535,909

507,706,489

28 | Accumulated depreciation | 223,109,138 | 211,880,949
33 | Intangible assets, net of accumulated amortization | 0 | 0
34 | Other capital assets | 951,200 | 951,200

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

Institution: Missouri University of Science and Technology (178411)
User ID: 29C0011

Part D - Summary of Changes In Net Position

Fiscal Year: July 1, 2016 - June 30, 2017
If your institution is a parent institution then the amounts reported in Parts A and D should include ALL of your child institutions

Line No. | Description | Current year amount | Prior year amount
01 | Total revenues and other additions for this institution AND all of its child institutions | 248,862,371 | 216,748,461

02 | Total expenses and deductions for this institution AND all of its child institutions | 219,869,289 | 214,618,142

03

Change in net position during year
CV=(D01-D02)

28,993,082

2,130,319

04 | Net position beginning of year for this institution AND all of its child institutions | 456,591,627 | 454,461,308

05

Adjustments to beginning net position and other gains or losses
CV=[D06-(D03+D04)]

0

0

06 | Net position end of year for this institution AND all of its child institutions (from A18) | 485,584,709 | 456,591,627

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

Institution: Missouri University of Science and Technology (178411)
User ID: 29C0011

Part E - Scholarships and Fellowships

Fiscal Year: July 1, 2016 - June 30, 2017
DO NOT REPORT FEDERAL DIRECT STUDENT LOANS (FDSL) ANYWHERE IN THIS SECTION

| | |

Line No. | Scholarships and Fellowships | Current year amount | Prior year amount
01 | Pell grants (federal) | 6,927,960 | 6,912,264
02 | Other federal grants (Do NOT include FDSL amounts) | 2,170,350 | 1,967,594
03 | Grants by state government | 5,414,543 | 5,965,146
04 | Grants by local government | 0 | 0
05 | Institutional grants from restricted resources | 0 | 317,564

06

Institutional grants from unrestricted resources
CV=[E07-(E01+...+E05)]

34,852,535

30,650,591

07 | Total revenue that funds scholarships and fellowships | 49,365,388 | 45,813,159

| Discounts and Allowances | |
08 | Discounts and allowances applied to tuition and fees | 39,993,816 | 37,063,318

09

Discounts and allowances applied to sales and services of
auxiliary enterprises

718,572

662,841

10

Total discounts and allowances
CV=(E08+E09)

40,712,388

37,726,159

11

Net scholarships and fellowships expenses after deducting
discounts and allowances
CV= (E07-E10) This amount will be carried forward to C10 of the expense section.

8,653,000

8,087,000

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

Institution: Missouri University of Science and Technology (178411)
User ID: 29C0011

Part B - Revenues by Source (1)

Fiscal Year: July 1, 2016 - June 30, 2017

Line No. | Source of Funds | Current year amount | Prior year amount
| Operating Revenues | |
01 | Tuition and fees, after deducting discounts & allowances | 87,512,576 | 86,038,425
| Grants and contracts - operating | |
02 | Federal operating grants and contracts | 16,222,790 | 16,734,051
03 | State operating grants and contracts | 2,420,897 | 2,551,753
04 | Local government/private operating grants and contracts | 12,109,986 | 10,604,020
| 04a | Local government operating grants and contracts | 0 | 0
| 04b | Private operating grants and contracts | 12,109,986 | 10,604,020

05

Sales and services of auxiliary enterprises,
after deducting discounts and allowances

24,385,126

22,788,240

06

Sales and services of hospitals,
after deducting patient contractual allowances

0

0

26 | Sales and services of educational activities | 1,164,569 | 999,502
07 | Independent operations | 0 | 0

08

Other sources - operating
CV=[B09-(B01+ ....+B07)]

10,846,135

6,639,510

09 | Total operating revenues | 154,662,079 | 146,355,501

Institution: Missouri University of Science and Technology (178411)
User ID: 29C0011

Part B - Revenues by Source (2)

Fiscal Year: July 1, 2016 - June 30, 2017

Line No. | Source of funds | Current year amount | Prior year amount
| Nonoperating Revenues | |
10 | Federal appropriations | 0 | 0
11 | State appropriations | 51,360,312 | 52,452,382
12 | Local appropriations, education district taxes, and similar support | 0 | 0
| Grants-nonoperating | |
13 | Federal nonoperating grants Do NOT include Federal Direct Student Loans | 6,927,960 | 6,912,264
14 | State nonoperating grants | 0 | 0
15 | Local government nonoperating grants | 0 | 0
16 | Gifts, including contributions from affiliated organizations | 5,312,665 | 5,937,122
17 | Investment income | 19,918,198 | 842,480

18

Other nonoperating revenues
CV=[B19-(B10+...+B17)]

456,865

40,387

19 | Total nonoperating revenues | 83,976,000 | 66,184,635

27

Total operating and nonoperating revenues
CV=[B19+B09]

238,638,079

212,540,136

28 | 12-month Student FTE from E12 | 7,383 | 7,416

29

Total operating and nonoperating revenues per student FTE
CV=[B27/B28]

32,323

28,660

Institution: Missouri University of Science and Technology (178411)
User ID: 29C0011

Part B - Revenues by Source (3)

Fiscal Year: July 1, 2016 - June 30, 2017

Line No. | Source of funds | Current year amount | Prior year amount
| Other Revenues and Additions | |
20 | Capital appropriations | 7,901,733 | 1,688,318
21 | Capital grants and gifts | 798,602 | 1,420,952
22 | Additions to permanent endowments | 1,523,957 | 1,099,055

23

Other revenues and additions
CV=[B24-(B20+...+B22)]

0

0

24

Total other revenues and additions
CV=[B25-(B9+B19)]

10,224,292

4,208,325

25 | Total all revenues and other additions | 248,862,371 | 216,748,461

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

Institution: Missouri University of Science and Technology (178411)
User ID: 29C0011

Part C-1 - Expenses by Functional Classification

Fiscal Year: July 1, 2016 - June 30, 2017
Report Total Operating AND Nonoperating Expenses in this section

Line No.

Expense: Functional Classifications

Total amount

Prior Year
Total Amount

Salaries and wages

Prior Year
Salaries and wages

| (1) | | (2) |
01 | Instruction | 104,422,996 | 101,493,488 | 55,524,877 | 54,831,514
02 | Research | 28,134,442 | 26,695,097 | 12,705,021 | 11,553,963
03 | Public service | 4,701,863 | 4,594,506 | 2,085,917 | 2,116,303
05 | Academic support | 10,372,854 | 12,113,665 | 4,870,522 | 5,313,991
06 | Student services | 24,852,216 | 23,340,341 | 10,288,897 | 9,654,083
07 | Institutional support | 18,739,384 | 17,875,134 | 10,706,604 | 9,990,511

10

Scholarships and fellowships expenses,
net of discounts and allowances
(from Part E, line 11)

8,653,000

8,087,000

11 | Auxiliary enterprises | 19,917,844 | 20,340,456 | 3,943,040 | 3,629,080
12 | Hospital services | 0 | 0 | 0 | 0
13 | Independent operations | 0 | 0 | 0 | 0

14

Other Functional Expenses and deductions
CV=[C19-(C01+...+C13)]

74,690

78,455

0

0

19 | Total expenses and deductions | 219,869,289 | 214,618,142 | 100,124,878 | 97,089,445

Institution: Missouri University of Science and Technology (178411)
User ID: 29C0011

Part C-2 - Expenses by Natural Classification

Fiscal Year: July 1, 2016 - June 30, 2017
Line No. | Expense: Natural Classifications | Total Amount | Prior year amount
| |
19-2 | Salaries and Wages(from Part C-1,Column 2 line 19) | 100,124,878 | 97,089,445
19-3 | Benefits | 27,883,164 | 27,249,841
19-4 | Operation and Maintenance of Plant (as a natural expense) | 15,976,838 | 10,997,271
19-5 | Depreciation | 15,314,270 | 15,215,059
19-6 | Interest | 5,438,948 | 3,703,300

19-7

Other Natural Expenses and Deductions
CV=[C19-1 - (C19-2 + ... + C19-6)]

55,131,191

60,363,226

19-1

Total Expenses and Deductions
(from Part C-1, Line 19)

219,869,289

214,618,142

20-1 | 12-month Student FTE (from E12 survey) | 7,383 | 7,416

21-1

Total expenses and deductions per student FTE
CV=[C19-1/C20-1]

29,780

28,940

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

Institution: Missouri University of Science and Technology (178411)
User ID: 29C0011

Part H - Details of Endowment Assets

Fiscal Year: July 1, 2016 - June 30, 2017
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 | 175,957,693 | 177,780,063
02 | Value of endowment assets at the end of the fiscal year | 179,390,242 | 175,957,693

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

Institution: Missouri University of Science and Technology (178411)
User ID: 29C0011

Part J - Revenue Data for the Census Bureau

Fiscal Year: July 1, 2016 - June 30, 2017
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 | 127,506,392 | 127,506,392 | | |
02 | Sales and services | 26,268,267 | 1,164,569 | 25,103,698 | 0 | 0
03 | Federal grants/contracts (excludes Pell Grants) | 16,222,790 | 16,222,790 | 0 | 0 | 0
| Revenue from the state government:
04 | State appropriations, current & capital | 59,262,045 | 59,262,045 | 0 | 0 | 0
05 | State grants and contracts | 2,420,897 | 2,420,897 | 0 | 0 | 0
| Revenue from local governments:
06 | Local appropriation, current & capital | 0 | 0 | 0 | 0 | 0
07 | Local government grants/contracts | 0 | 0 | 0 | 0 | 0
08 | Receipts from property and non-property taxes | 0 |

09

Gifts and private grants,
NOT including capital grants

18,946,608

10 | Interest earnings | 3,126,487 |
11 | Dividend earnings | 0 |
12 | Realized capital gains | 5,774,037 |

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

Institution: Missouri University of Science and Technology (178411)
User ID: 29C0011

Part K - Expenditure Data for the Census Bureau

Fiscal Year: July 1, 2016 - June 30, 2017

Category

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)
02 | Employee benefits, total | 27,883,164 | 26,767,658 | 1,115,506 | 0 | 0
03 | Payment to state retirement funds (maybe included in line 02 above) | 0 | 0 | 0 | 0 | 0
04 | Current expenditures including salaries | 175,296,586 | 163,902,183 | 11,394,403 | 0 | 0
| Capital outlays |
05 | Construction | 14,341,971 | 14,341,971 | 0 | 0 | 0
06 | Equipment purchases | 2,798,103 | 2,798,103 | 0 | 0 | 0
07 | Land purchases | 0 | 0 | 0 | 0 | 0
08 | Interest on debt outstanding, all funds and activities | 5,438,948 |

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

Institution: Missouri University of Science and Technology (178411)
User ID: 29C0011

Part L - Debt and Assets for Census Bureau, page 1

Fiscal Year: July 1, 2016 - June 30, 2017

Debt
Category | Amount
01 | Long-term debt outstanding at beginning of fiscal year | 144,281,540
02 | Long-term debt issued during fiscal year | 0
03 | Long-term debt retired during fiscal year | 4,026,388
04 | Long-term debt outstanding at end of fiscal year | 140,255,152
05 | Short-term debt outstanding at beginning of fiscal year | 0
06 | Short-term debt outstanding at end of fiscal year | 0

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

Institution: Missouri University of Science and Technology (178411)
User ID: 29C0011

Part L - Debt and Assets for Census Bureau, page 2

Fiscal Year: July 1, 2016 - June 30, 2017
Assets
Category | Amount
07 | Total cash and security assets held at end of fiscal year in sinking or debt service funds | 0
08 | Total cash and security assets held at end of fiscal year in bond funds | 576,463
09 | Total cash and security assets held at end of fiscal year in all other funds | 301,833,568

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

Institution: Missouri University of Science and Technology (178411)
User ID: 29C0011

Prepared by

The name of the preparer is being collected so that we can follow up with the appropriate person in the event that there are questions concerning the data. The Keyholder will be copied on all email correspondence to other preparers.
The time it took to prepare this component is being collected so that we can continue to improve our estimate of the reporting burden associated with IPEDS. Please include in your estimate the time it took for you to review instructions, query and search data sources, complete and review the component, and submit the data through the Data Collection System.
Thank you for your assistance.

This survey component was prepared by:
| | Keyholder | | SFA Contact | | HR Contact |
| | Finance Contact | | Academic Library Contact | | Other |
| Name: | |
| Email: | |

How many staff from your institution only were involved in the data collection and reporting process of this survey component?
| | Number of Staff (including yourself) |

How many hours did you and others from your institution only spend on each of the steps below when responding to this survey component?

Exclude the hours spent collecting data for state and other reporting purposes.

Staff member

Collecting Data Needed

Revising Data to Match
IPEDS Requirements

Entering Data

Revising and Locking Data

| Your office | | hours | | hours | | hours | | hours |
| Other offices | | hours | | hours | | hours | | hours |

Institution: Missouri University of Science and Technology (178411) | User ID: 29C0011

Summary

Finance Survey Summary

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 Data Center and sent to your institution’s CEO in November 2017.

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 [email-masked].

Core Revenues

Revenue Source | Reported values | Percent of total core revenues | Core revenues per FTE enrollment
Tuition and fees | $87,512,576 | 39% | $11,853
State appropriations | $51,360,312 | 23% | $6,957
Local appropriations | $0 | 0% | $0
Government grants and contracts | $25,571,647 | 11% | $3,464
Private gifts, grants, and contracts | $17,422,651 | 8% | $2,360
Investment income | $19,918,198 | 9% | $2,698
Other core revenues | $22,691,861 | 10% | $3,074
Total core revenues | $224,477,245 | 100% | $30,405

Total revenues | $248,862,371 | | $33,707

Other core revenues include federal appropriations; sales and services of educational activities; other operating and nonoperating sources; and other revenues and additions (e.g., capital appropriations, capital grants and gifts, etc.). Core revenues exclude revenues from auxiliary enterprises (e.g., bookstores, dormitories), hospitals, and independent operations. For institutions reporting in Full parent/child relationships, core revenues per FTE enrollment amounts will not be allocated to child institutions.

Core Expenses

Expense function | Reported values | Percent of total core expenses | Core expenses per FTE enrollment
Instruction | $104,422,996 | 52% | $14,144
Research | $28,134,442 | 14% | $3,811
Public service | $4,701,863 | 2% | $637
Academic support | $10,372,854 | 5% | $1,405
Institutional support | $18,739,384 | 9% | $2,538
Student services | $24,852,216 | 12% | $3,366
Other core expenses | $8,727,690 | 4% | $1,182
Total core expenses | $199,951,445 | 100% | $27,083

Total expenses | $219,869,289 | | $29,780

Other core expenses include scholarships and fellowships, net of discounts and allowances, and other expenses. Core expenses exclude expenses from auxiliary enterprises (e.g., bookstores, dormitories), hospitals, and independent operations. For institutions reporting in Full parent/child relationships, core expenses per FTE enrollment amounts will not be allocated to child institutions.

| Calculated value
FTE enrollment | 7,383

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.

Institution:  Missouri University of Science and Technology (178411) | User ID:  29C0011

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Finance

Missouri University of Science and Technology (178411)

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