IPEDS Reporting Year Finance
2014-15 (2013-14 Data)

Institution: University of
Missouri-System Office (178439)
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: University of
Missouri-System 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 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: University of
Missouri-System Office (178439)
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.

Institution: University of
Missouri-System Office (178439)
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

1,292,455,151

1,142,034,342

Noncurrent
Assets

31

Depreciable capital
assets, net of depreciation

35,501,439

38,803,497

04

Other noncurrent
assets
CV=[A05-A31]

1,340,618,481

1,145,344,896

05

Total noncurrent assets

1,376,119,920

1,184,148,393

06

Total assets
CV=(A01+A05)

2,668,575,071

2,326,182,735

Current Liabilities

07

Long-term
debt, current portion

96,338,953

54,869,229

08

Other current liabilities

CV=(A09-A07)

1,938,459,500

1,720,783,166

09

Total current liabilities

2,034,798,453

1,775,652,395

Noncurrent
Liabilities

10

Long-term
debt

0

0

11

Other noncurrent liabilities

CV=(A12-A10)

656,274,828

182,078,343

12

Total noncurrent liabilities

656,274,828

182,078,343

13

Total liabilities
CV=(A09+A12)

2,691,073,281

1,957,730,738

Net
Assets

14

Invested
in capital assets, net of related debt

14,036,429

-9,377,003

15

Restricted-expendable

45,849,930

7,477,246

16

Restricted-nonexpendable

57,410,207

50,950,004

17

Unrestricted

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

-139,794,776

319,401,750

18

Total net assets
CV=(A06-A13)

-22,498,210

368,451,997

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

Institution: University of
Missouri-System Office (178439)
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

3,840,896

3,840,896

22

Infrastructure

371,550

371,550

23

Buildings

21,444,058

21,444,058

32

Equipment, including art and library
collections

90,643,997

92,009,591

27

Construction
in progress

0

0

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

116,300,501

117,666,095

28

Accumulated
depreciation

80,799,062

78,862,598

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

Part
B - Revenues and Other Additions

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

Report in whole dollars
only

Line No.

Source of Funds

Current year amount

Prior year amount

Operating
Revenues

01

Tuition
and fees, after deducting discounts and allowances

0

0

Grants and contracts - operating

02

Federal operating grants and
contracts

488,330

2,149,037

03

State operating grants and
contracts

0

54,716

04

Local government/private operating
grants and contracts

0

0

04a

Local government operating grants and
contracts

0

0

04b

Private operating grants and contracts

0

0

05

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

26,304,999

25,466,474

26

Sales
and services of educational activities

219,578

189,597

08

Other sources - operating
(CV)
CV=[B09-(B01+ ....+B26)]

17,662,463

6,576,723

09

Total operating revenues

44,675,370

34,436,547

Institution: University of
Missouri-System Office (178439)
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

9,709,246

10,460,740

11

State appropriations

20,355,068

23,711,154

12

Local
appropriations, education district taxes, and similar support

0

0

Grants-nonoperating

13

Federal nonoperating grants Do NOT include Federal Direct Student Loans

0

0

14

State nonoperating grants

0

0

15

Local government nonoperating
grants

0

0

16

Gifts,
including contributions from
affiliated organizations

449,758

535,120

17

Investment
income

95,315,832

16,821,347

18

Other nonoperating revenues

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

64,644,612

29,333

19

Total nonoperating revenues

190,474,516

51,557,694

27

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

235,149,886

85,994,241

28

12-month
Student FTE from E12

29

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

Institution: University of
Missouri-System Office (178439)
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

0

0

22

Additions
to permanent endowments

3,470

1,616

23

Other revenues and additions

CV=[B24-(B20+...+B22)]

0

0

24

Total other revenues and additions

3,470

1,616

25

Total all revenues and other additions

CV=[B09+B19+B24]

235,153,356

85,995,857

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

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

Part
C - Expenses and Other Deductions

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

Report in whole dollars
only

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

9,907,923

7,386

2,499,660

30,665

59,336

74,195

7,236,681

954,088

02

Research

3,451,987

198,269

894,631

25,464

49,271

61,609

2,222,743

792,246

03

Public
service

3,708,724

203,681

586,311

119,326

230,893

288,711

2,279,802

3,712,598

05

Academic
support

3,349,293

183,479

448,750

54,644

105,734

132,210

2,424,476

1,700,124

06

Student
services

3,350,369

1,093,740

451,265

88,947

172,111

215,209

1,329,097

2,767,423

07

Institutional
support

62,298,512

24,240,260

13,320,915

1,613,807

3,122,674

3,904,619

16,096,237

50,210,392

08

Operation and maintenance
of
plant (see instructions)

0

191,591

243,380

-2,946,289

73,774

92,247

2,345,297

0

10

Scholarships and fellowships

expenses, excluding discounts and
allowances

0

0

0

11

Auxiliary
enterprises

29,569,954

5,579,628

1,936,925

1,013,436

1,960,973

2,452,017

16,626,975

31,531,050

14

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

519,596

0

0

0

0

0

519,596

1,635,040

19

Total expenses and
deductions

116,156,358

31,698,034

20,381,837

0

5,774,766

7,220,817

51,080,904

93,302,961

Prior
year amount

93,302,961

31,261,388

9,968,701

6,187,485

15,834,041

30,051,346

20

12-month Student FTE from
E12

21

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

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

Institution: University of
Missouri-System Office (178439)
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)

235,153,356

85,995,857

02

Total expenses and deductions (from
C19)

116,156,358

93,302,961

03

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

118,996,998

-7,307,104

04

Net
position beginning of year

368,451,997

375,759,097

05

Adjustments to beginning net
position and other gains or losses

CV=[D06-(D03+D04)]

-509,947,205

4

06

Net position end of year (from A18)

-22,498,210

368,451,997

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

Institution: University of
Missouri-System Office (178439)
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

169,065,817

153,099,743

02

Value of endowment assets at the end
of the fiscal year

188,096,229

169,065,817

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

Institution: University of
Missouri-System Office (178439)
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

0

0

02

Sales and services

26,524,577

219,578

26,304,999

0

03

Federal grants/contracts (excludes Pell
Grants)

488,330

488,330

0

0

0

Revenue from the state
government:

04

State appropriations, current & capital

20,355,068

20,355,068

0

0

0

05

State grants and contracts

0

0

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

453,228

10

Interest earnings

16,384,587

11

Dividend
earnings

0

12

Realized
capital gains

-6,937,329

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

Institution: University of
Missouri-System Office (178439)
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

30,845,889

25,266,261

5,579,628

0

02

Employee benefits, total

10,322,002

8,385,077

1,936,925

0

03

Payment to state retirement funds (maybe
included in line 02 above)

0

0

0

0

0

04

Current expenditures other than salaries

30,878,298

14,251,323

16,626,975

0

0

Capital outlay:

05

Construction

0

0

0

0

06

Equipment purchases

2,166,439

2,166,439

0

0

0

07

Land purchases

0

0

0

0

0

08

Interest on debt outstanding, all funds and
activities

0

09

Scholarships/fellowships

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

Institution: University of
Missouri-System Office (178439)
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

0

02

Long-term debt issued during fiscal year

339,371,369

03

Long-term debt retired during fiscal year

315,588,397

04

Long-term debt outstanding at end of fiscal
year

23,782,972

05

Short-term debt outstanding at beginning of
fiscal year

55,744,794

06

Short-term debt outstanding at end of fiscal
year

71,572,350

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

Institution: University of
Missouri-System Office (178439)
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

0

09

Total cash and security assets held at end of
fiscal year in all other funds

711,902,484

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

Institution: University of
Missouri-System Office (178439)
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: University of
Missouri-System Office (178439)

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

$0

0%

N/A

State appropriations

$20,355,068

10%

N/A

Local appropriations

$0

0%

N/A

Government grants and contracts

$488,330

0%

N/A

Private gifts, grants, and
contracts

$449,758

0%

N/A

Investment income

$95,315,832

46%

N/A

Other core revenues

$92,239,369

44%

N/A

Total core revenues

$208,848,357

100%

N/A

Total revenues

$235,153,356

N/A

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

$9,907,923

11%

N/A

Research

$3,451,987

4%

N/A

Public service

$3,708,724

4%

N/A

Academic support

$3,349,293

4%

N/A

Institutional support

$62,298,512

72%

N/A

Student services

$3,350,369

4%

N/A

Other core expenses

$519,596

1%

N/A

Total core expenses

$86,586,404

100%

N/A

Total expenses

$116,156,358

N/A

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

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:
University of Missouri-System Office (178439)

User ID:
29C0011

Edit
Report

Finance

University of Missouri-System Office (178439)

Source

Description

Severity

Resolved

Options

Screen:
Financial Position

Screen Entry

The value of this field is expected to be greater than
zero. Please correct your data or explain. (Error #5148)

Explanation

Yes

Reason:

Negative is related to the early implementation of GASB
67/68. This negative in unrestricted net assets is the result of
recognizing a change in accounting principle that reduced the net
asset balance by $502.3 million.

Screen Entry

The amount of total net assets is not expected to be
negative. Please correct your data or explain why total liabilities
(line 13) exceed total assets (line 06). (Error #5156)

Explanation

Yes

Reason:

Negative is related to the early implementation of GASB
67/68. This negative in unrestricted net assets is the result of
recognizing a change in accounting principle that reduced the net
asset balance by $502.3 million.

Screen:
Revenues Part 3

Perform Edits

The calculated amount of total all revenues and other
additions in Part B, line 25 (235,153,356) is outside the expected
range of between 42,997,929 and 128,993,785 when compared with the
prior year value. Please correct your data or explain. (Error
#5165)

Explanation

Yes

Reason:

The University’s General Operating cash is held at UBank
which is reported with the UM System Unit. Investment income
increased on the administrative units from $16.8 million in 2013 to
$95.3 million in 2014 generating a $76.7 million dollar
increase.

Related Screens:

Revenues
Part 3

Screen:
Expenses

Screen Entry

The amount reported is outside the expected range of
between 477,044 and 1,431,132 when compared with the prior year
value. Please correct your data or explain. (Error #5301)

Explanation

Yes

Reason:

In the prior year, flat rate benefits were collected
from the campus in excess of expenses paid. The negative amount
was spread and reduced benefit expense on the lines Instruction,
Research, Public Service, Academic Support, Student Services,
Institutional Support, and Operations and Maintenance of Plant
reducing those categories. This was not the case in fiscal year
2014 which makes these categories look comparatively larger
compared to the prior year.

Screen Entry

The amount reported is outside the expected range of
between 850,062 and 2,550,186 when compared with the prior year
value. Please correct your data or explain. (Error #5301)

Explanation

Yes

Reason:

In the prior year, flat rate benefits were collected
from the campus in excess of expenses paid. The negative amount
was spread and reduced benefit expense on the lines Instruction,
Research, Public Service, Academic Support, Student Services,
Institutional Support, and Operations and Maintenance of Plant
reducing those categories. This was not the case in fiscal year
2014 which makes these categories look comparatively larger
compared to the prior year.

Screen Entry

The amount reported is outside the expected range of
between 4,984,351 and 14,953,051 when compared with the prior year
value. Please correct your data or explain. (Error #5301)

Explanation

Yes

Reason:

In the prior year, flat rate benefits were collected
from the campus in excess of expenses paid. The negative amount
was spread and reduced benefit expense on the lines Instruction,
Research, Public Service, Academic Support, Student Services,
Institutional Support, and Operations and Maintenance of Plant
reducing those categories. This was not the case in fiscal year
2014 which makes the total benefit expense higher compared to the
prior year.

Screen Entry

The amount reported is outside the expected range of
between 7,917,021 and 23,751,061 when compared with the prior year
value. Please correct your data or explain. (Error #5301)

Explanation

Yes

Reason:

The decrease in interest expense for fiscal year 2014
compared to fiscal year 2013 resulted from the spreading of
internal loan savings to campuses in 2013 which increased the
interest expense in the University’s bank which is reported as part
of the University’s central administration.

Screen Entry

The amount reported is outside the expected range of
between 396,123 and 1,188,369 when compared with the prior year
value. Please correct your data or explain. (Error #5301)

Explanation

Yes

Reason:

In the prior year, flat rate benefits were collected
from the campus in excess of expenses paid. The negative amount
was spread and reduced benefit expense on the lines Instruction,
Research, Public Service, Academic Support, Student Services,
Institutional Support, and Operations and Maintenance of Plant
reducing those categories. This was not the case in fiscal year
2014 which makes these categories look comparatively larger
compared to the prior year.

Perform Edits

The total amount of expenses reported for instruction in
Part C (line 01) is expected to be zero or left blank. Please
correct your data or explain. (Error #5245)

Explanation

Yes

Reason:

Instruction expenses result from E-Learning, Associated
Students of the Univ of Missouri Internship Program, Collaborative
Course Development and Faculty Performance Shares. These are all
managed centrally in the System unit (which includes University
wide resources and the University Bank).

Related Screens:

Expenses

Perform Edits

The amount of salaries and wages expenses reported for
instruction in Part C (line 01) is expected to be zero or left
blank. Please confirm that the data reported are correct. (Error
#5246)

Confirmation

Yes

Related Screens:

Expenses

Perform Edits

The amount of depreciation expenses reported for
instruction in Part C (line 01) is expected to be zero or left
blank. Please confirm that the data reported are correct. (Error
#5248)

Confirmation

Yes

Related Screens:

Expenses

Perform Edits

The amount of salaries and wages expenses reported for
public service in Part C (line 03) is expected to be zero or left
blank. Please confirm that the data reported are correct. (Error
#5250)

Confirmation

Yes

Related Screens:

Expenses

Perform Edits

The amount of depreciation expenses reported for public
service in Part C (line 03) is expected to be zero or left blank.
Please confirm that the data reported are correct. (Error #5252)

Confirmation

Yes

Related Screens:

Expenses

Screen Entry

The amount of employee fringe benefits expenses reported
for instruction in Part C (line 01) is expected to be zero or left
blank. Please confirm that the data reported are correct. (Error
#5247)

Confirmation

Yes

Related Screens:

Expenses

Screen Entry

The total amount of expenses reported for public service
in Part C (line 03) is expected to be zero or left blank. Please
confirm that the data reported are correct. (Error #5249)

Confirmation

Yes

Related Screens:

Expenses

Screen Entry

The amount of employee fringe benefits expenses reported
for public service in Part C (line 03) is expected to be zero or
left blank. Please confirm that the data reported are correct.
(Error #5251)

Confirmation

Yes

Related Screens:

Expenses

Screen: Net
Position

Perform Edits

The calculated amount of adjustments to beginning net
position and other gains or losses in Part D (line 05) is outside
the expected range. Please correct your data or explain. (Error
#5199)

Explanation

Yes

Reason:

Effective for fiscal year 2014, the University adopted
GASB Statement No. 65, Items Previously Reported as Assets and
Liabilities which generated a change in accounting principle that
decreased the2014 beginning net position by $7.6 million. In
addition the University adopted GASB Statement No 67 Financial
Reporting for Pension Plans and GASB 68 Accounting and Financial
Reporting for Pensions. In adopting these standards, the
University recognized the effect of a change in accounting
principle that reduced the beginning net position by $502.3
million.

Related Screens:

Net
Position