IPEDS Reporting Year Finance 2014-15 (2013-14 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 changes made to the 2014-15 Finance data collection from the 2013-14 collection. The finance form for private for-profit schools have been revised to make it more comparable with the finance public and private not-for-profit forms. |
| |
| |

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, 2014.)
Beginning: month/year (MMYYYY) | Month: | 7 | Year: | 2013
And ending: month/year (MMYYYY) | Month: | 6 | Year: | 2014

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.

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

Part A - Statement of Financial Position

Fiscal Year: July 1, 2013 - June 30, 2014
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
| Current Assets | |
01 | Total current assets | 131,913,176 | 138,511,797

| Noncurrent Assets | |
31 | Depreciable capital assets, net of depreciation | 264,076,983 | 249,534,832

04

Other noncurrent assets
CV=[A05-A31]

199,084,435

164,792,322

05 | Total noncurrent assets | 463,161,418 | 414,327,154

06

Total assets
CV=(A01+A05)

595,074,594

552,838,951

| Current Liabilities | |
07 | Long-term debt, current portion | 3,602,998 | 3,311,040

08

Other current liabilities
CV=(A09-A07)

23,497,205

23,218,822

09 | Total current liabilities | 27,100,203 | 26,529,862

| Noncurrent Liabilities | |
10 | Long-term debt | 120,841,636 | 112,029,628

11

Other noncurrent liabilities
CV=(A12-A10)

0

0

12 | Total noncurrent liabilities | 120,841,636 | 112,029,628

13

Total liabilities
CV=(A09+A12)

147,941,839

138,559,490

| Net Assets | |
14 | Invested in capital assets, net of related debt | 179,042,245 | 169,429,056
15 | Restricted-expendable | 55,738,236 | 53,568,427
16 | Restricted-nonexpendable | 125,990,740 | 109,867,231

17

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

86,361,534

81,414,747

18

Total net assets
CV=(A06-A13)

447,132,755

414,279,461

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 A - Statement of Financial Position (Page 2)

Fiscal Year: July 1, 2013 - June 30, 2014

Line No.

Description

Ending balance

Prior year
Ending balance

| Capital Assets | |

21 | Land and land improvements | 6,270,574 | 6,221,270
22 | Infrastructure | 21,132,669 | 20,519,630
23 | Buildings | 307,040,841 | 300,227,911
32 | Equipment, including art and library collections | 98,073,559 | 95,202,368
27 | Construction in progress | 23,462,970 | 8,079,649

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

455,980,613

430,250,828

28 | Accumulated depreciation | 191,903,630 | 180,715,995
33 | Intangible assets, net of accumulated amortization | 0 | 0
34 | Other capital assets | 0 | 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 E - Scholarships and Fellowships

Fiscal Year: July 1, 2013 - June 30, 2014
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) | 6,425,529 | 6,089,308
02 | Other federal grants (Do NOT include FDSL amounts) | 1,097,301 | 1,138,228
03 | Grants by state government | 3,775,600 | 3,182,605
04 | Grants by local government | 0 | 0
05 | Institutional grants from restricted resources | 2,479,137 | 2,236,695

06

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

25,817,692

24,366,307

07 | Total gross scholarships and fellowships | 39,595,259 | 37,013,143

| Discounts and Allowances | |
08 | Discounts and allowances applied to tuition and fees | 31,208,584 | 29,815,734

09

Discounts and allowances applied to sales and services of
auxiliary enterprises

1,206,675

518,409

10

Total discounts and allowances
CV=(E08+E09)

32,415,259

30,334,143

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.

7,180,000

6,679,000

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 and Other Additions

Fiscal Year: July 1, 2013 - June 30, 2014

Line No. | Source of Funds | Current year amount | Prior year amount
| Operating Revenues | |
01 | Tuition and fees, after deducting discounts & allowances | 76,680,175 | 66,493,653
| Grants and contracts - operating | |
02 | Federal operating grants and contracts | 17,792,243 | 21,590,331
03 | State operating grants and contracts | 2,593,407 | 2,169,348
04 | Local government/private operating grants and contracts | 16,841,628 | 11,780,837
| 04a | Local government operating grants and contracts | | 0
| 04b | Private operating grants and contracts | 16,841,628 | 11,780,837

05

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

20,212,075

18,241,612

06

Sales and services of hospitals,
after deducting patient contractual allowances

0

0

26 | Sales and services of educational activities | 856,902 | 1,017,593
07 | Independent operations | 0 | 0

08

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

0

5,040,563

09 | Total operating revenues | 134,976,430 | 126,333,937

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

Part B - Revenues and Other Additions

Fiscal Year: July 1, 2013 - June 30, 2014

Line No. | Source of funds | Current year amount | Prior year amount
| Nonoperating Revenues | |
10 | Federal appropriations | 0 | 0
11 | State appropriations | 46,153,240 | 43,850,220
12 | Local appropriations, education district taxes, and similar support | 0 | 0
| Grants-nonoperating | |
13 | Federal nonoperating grants Do NOT include Federal Direct Student Loans | 6,425,529 | 6,089,308
14 | State nonoperating grants | 0 | 0
15 | Local government nonoperating grants | 0 | 0
16 | Gifts, including contributions from affiliated organizations | 4,956,382 | 4,486,393
17 | Investment income | 22,623,010 | 16,800,389

18

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

716

37,671

19 | Total nonoperating revenues | 80,158,877 | 71,263,981
27 | Total operating and nonoperating revenues CV=[B19+B09] | 215,135,307 | 197,597,918
28 | 12-month Student FTE from E12 | 6,883 | 6,486
29 | Total operating and nonoperating revenues per student FTE CV=[B27/B28] | 31,256 | 30,465

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

Part B - Revenues and Other Additions

Fiscal Year: July 1, 2013 - June 30, 2014

Line No. | Source of funds | Current year amount | Prior year amount
| Other Revenues and Additions | |
20 | Capital appropriations | 0 | 0
21 | Capital grants and gifts | 733,806 | 1,898,845
22 | Additions to permanent endowments | 3,735,299 | 4,148,991

23

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

0

0

24 | Total other revenues and additions | 4,469,105 | 6,047,836

25

Total all revenues and other additions
CV=[B09+B19+B24]

219,604,412

203,645,754

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 - Expenses and Other Deductions

Fiscal Year: July 1, 2013 - June 30, 2014
Report Total Operating AND Nonoperating Expenses in this section

| | 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8

Line No.

Description

Total amount

Salaries and wages

Employee
fringe benefits

Operation and
maintenance of plant

Depreciation

Interest

All other

PY Total
Amount

| Expenses and Deductions |
01 | Instruction | 91,801,004 | 48,230,890 | 13,833,437 | 7,076,670 | 6,216,849 | 1,634,075 | 14,809,083 | 87,628,520
02 | Research | 28,424,546 | 13,090,306 | 2,437,523 | 2,191,165 | 1,924,937 | 505,962 | 8,274,653 | 27,806,154
03 | Public service | 4,122,449 | 1,860,336 | 548,623 | 317,788 | 279,176 | 73,380 | 1,043,146 | 3,488,216
05 | Academic support | 8,143,642 | 4,348,951 | 1,352,867 | 627,769 | 551,495 | 144,958 | 1,117,602 | 6,373,747
06 | Student services | 20,629,140 | 8,545,738 | 2,536,143 | 1,590,240 | 1,397,025 | 367,203 | 6,192,791 | 17,517,637
07 | Institutional support | 12,061,385 | 7,173,367 | 2,386,995 | 929,777 | 816,808 | 214,696 | 539,742 | 10,561,631

08

Operation and maintenance
of plant (see instructions)

0

7,022,133

2,321,305

-13,834,712

716,804

188,409

3,586,061

0

10

Scholarships and fellowships
expenses, excluding discounts and allowances (from E11)

7,180,000

7,180,000

6,679,000

11 | Auxiliary enterprises | 14,286,485 | 3,211,145 | 887,453 | 1,101,303 | 967,494 | 254,302 | 7,864,788 | 12,599,318
12 | Hospital services | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0
13 | Independent operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0

14

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

102,467

0

0

0

0

0

102,467

98,098

19 | Total expenses and deductions | 186,751,118 | 93,482,866 | 26,304,346 | 0 | 12,870,588 | 3,382,985 | 50,710,333 | 172,752,321
| Prior year amount | 172,752,321 | 86,883,939 | 23,687,109 | | 12,910,867 | 2,991,489 | 46,278,917 |
20 | 12-month Student FTE from E12 | 6,883 | | 6,486
21 | Total expenses and deductions per student FTE CV=[C19/C20] | 27,132 | | 26,635

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, 2013 - June 30, 2014

Line No. | Description | Current year amount | Prior year amount
01 | Total revenues and other additions (from B25) | 219,604,412 | 203,645,754

02 | Total expenses and deductions (from C19) | 186,751,118 | 172,752,321

03

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

32,853,294

30,893,433

04 | Net position beginning of year | 414,279,461 | 383,386,028

05

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

0

0

06 | Net position end of year (from A18) | 447,132,755 | 414,279,461

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 H - Details of Endowment Assets

Fiscal Year: July 1, 2013 - June 30, 2014
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 | 154,064,400 | 137,962,685
02 | Value of endowment assets at the end of the fiscal year | 175,067,774 | 154,064,400

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 Bureau of Census

Fiscal Year: July 1, 2013 - June 30, 2014
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 | 107,888,759 | 107,888,759 | | |
02 | Sales and services | 22,275,652 | 856,902 | 21,418,750 | 0 | 0
03 | Federal grants/contracts (excludes Pell Grants) | 17,792,243 | 17,792,243 | 0 | 0 | 0
| Revenue from the state government:
04 | State appropriations, current & capital | 46,153,240 | 46,153,240 | 0 | 0 | 0
05 | State grants and contracts | 2,593,407 | 2,593,407 | 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, including capital grants | 26,267,115 |
10 | Interest earnings | 2,990,217 |
11 | Dividend earnings | 0 |
12 | Realized capital gains | 7,891,806 |

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 Bureau of Census

Fiscal Year: July 1, 2013 - June 30, 2014
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 | 93,122,182 | 89,911,037 | 3,211,145 | 0 | 0
02 | Employee benefits, total | 26,185,115 | 25,297,662 | 887,453 | 0 | 0
03 | Payment to state retirement funds (maybe included in line 02 above) | 0 | 0 | 0 | 0 | 0
04 | Current expenditures other than salaries | 58,248,256 | 50,383,468 | 7,864,788 | 0 | 0
| Capital outlay: |
05 | Construction | 15,099,301 | 15,099,301 | 0 | 0 | 0
06 | Equipment purchases | 4,335,878 | 4,335,878 | 0 | 0 | 0
07 | Land purchases | 49,304 | 49,304 | 0 | 0 | 0
08 | Interest on debt outstanding, all funds and activities | 3,382,985 |
09 | Scholarships/fellowships | 39,595,259 | 39,595,259 |

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, page 1

Fiscal Year: July 1, 2013 - June 30, 2014

Debt
Category | Amount
01 | Long-term debt outstanding at beginning of fiscal year | 111,835,812
02 | Long-term debt issued during fiscal year | 12,342,628
03 | Long-term debt retired during fiscal year | 2,888,899
04 | Long-term debt outstanding at end of fiscal year | 121,289,541
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, page 2

Fiscal Year: July 1, 2013 - June 30, 2014
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 | 155,540
09 | Total cash and security assets held at end of fiscal year in all other funds | 273,078,580

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

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

How long did it take to prepare this survey component? | | hours | | minutes |

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.

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 2015.

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 | $76,680,175 | 38% | $11,141
State appropriations | $46,153,240 | 23% | $6,705
Local appropriations | $0 | 0% | $0
Government grants and contracts | $26,811,179 | 13% | $3,895
Private gifts, grants, and contracts | $21,798,010 | 11% | $3,167
Investment income | $22,623,010 | 11% | $3,287
Other core revenues | $5,326,723 | 3% | $774
Total core revenues | $199,392,337 | 100% | $28,969

Total revenues | $219,604,412 | | $31,905

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.

Core Expenses

Expense function | Reported values | Percent of total core expenses | Core expenses per FTE enrollment
Instruction | $91,801,004 | 53% | $13,337
Research | $28,424,546 | 16% | $4,130
Public service | $4,122,449 | 2% | $599
Academic support | $8,143,642 | 5% | $1,183
Institutional support | $12,061,385 | 7% | $1,752
Student services | $20,629,140 | 12% | $2,997
Other core expenses | $7,282,467 | 4% | $1,058
Total core expenses | $172,464,633 | 100% | $25,057

Total expenses | $186,751,118 | | $27,132

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.

| Calculated value
FTE enrollment | 6,883

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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