Finance 2006-07
Institution: University of Wisconsin Colleges (240055) User ID: 55A0011
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 Wisconsin Colleges (240055) User ID: 55A0011
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, 2006.)
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.)
    UnqualifiedQualifiedDon'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 institution’s 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 Wisconsin Colleges (240055) User ID: 55A0011
Part A - Statement of Net Assets
Fiscal Year 2006
 Report in whole dollars only
 
Line no. Current year amountPrior year amount
 Current Assets  
01Total Current Assets12,992,331
 
 Noncurrent Assets  
02Capital assets - depreciable (gross)34,922,975
03Accumulated depreciation (enter as a positive amount)4,942,346
04Other noncurrent assets (CV)
CV=[A05-(A02-A03)]		2,314,4852,526,220
05Total noncurrent assets32,506,849
 
06Total assets (CV)
CV=(A01+A05)		43,237,66245,499,180
 
 Current Liabilities  
07Long-term debt, current portion160,767
08Other current liabilities (CV)
CV=(A09-A07)		5,077,2036,631,327
09Total current liabilities6,792,094
 
 Noncurrent Liabilities  
10Long-term debt1,418,478
11Other noncurrent liabilities (CV)
CV=(A12-A10)		668,482576,046
12Total noncurrent liabilities1,994,524
 
13Total liabilities (CV)
CV=(A09+A12)		7,179,3148,786,618
 
 Net Assets  
14Invested in capital assets, net of related debt28,401,385
15Restricted-expendable3,573,546
16Restricted-nonexpendable240,692
17Unrestricted (CV)
CV=[A18-(A14+A15+A16)]		3,639,3384,496,939
18Total Net assets (CV)
CV=(A06-A13)		36,058,34836,712,562
 
 
CV= Calculated Value
 
CAVEATS
 
Institution: University of Wisconsin Colleges (240055) User ID: 55A0011
Part A - Plant, Property, and Equipment
Fiscal Year 2006
 Report in whole dollars only    
 
Line No.DescriptionBeginning
balance		AdditionsRetirements
(CV)		Ending balance
 Plant,Property, and Equipment    
 
21Land & land improvements0
22Infrastructure0
23Buildings0
24Equipment135,286
25Art and library collections347,372
26Property obtained under capital leases
(if not included in equipment)		0
27Construction in progress0
28Accumulated depreciation134,510
 
 CV = (Beginning Balance + Additions - Ending Balance)  
 
CAVEATS
 
Institution: University of Wisconsin Colleges (240055) User ID: 55A0011
Part B - Revenues and Other Additions
Fiscal Year 2006
 Report in whole dollars only  
 
Line No.Source of FundsCurrent year amountPrior year amount
 Operating Revenues  
01Tuition & fees, after deducting discounts & allowances32,507,872
 Grants and contracts - operating  
02Federal operating grants and contracts1,773,301
03State operating grants and contracts12,657
04Local/private operating grants and contracts290,157
05Sales & services of auxiliary enterprises,
after deducting discounts & allowances		2,986,468
08Other sources - operating (CV)
CV=[B09-(B01+ ....+B07)]		8,356,4288,845,693
09Total operating revenues46,416,148
 
 
 
Institution: University of Wisconsin Colleges (240055) User ID: 55A0011
Part B - Revenues and Other Additions
Fiscal Year 2006
 Report in whole dollars only   
 
Line No.Source of fundsCurrent year amountPrior year amount
 Nonoperating Revenues  
10Federal appropriations0
11State appropriations35,124,164
12Local appropriations, education district taxes, & similar support0
 Grants-nonoperating  
13Federal nonoperating grants6,528,538
14State nonoperating grants0
15Local nonoperating grants0
16Gifts, including contributions from affiliated organizations1,133,415
17Investment income216,642
18Other nonoperating revenues (CV)
CV=[B19-(B10+...+B17)]		00
19Total nonoperating revenues43,002,759
 
 
 
Institution: University of Wisconsin Colleges (240055) User ID: 55A0011
Part B - Revenues and Other Additions
Fiscal Year 2006
 Report in whole dollars only  
 
Line No.Resource of fundsCurrent year amountPrior year amount
 Other Revenues and Additions  
20Capital appropriations804,114
21Capital grants & gifts0
22Additions to permanent endowments0
23Other revenues & additions (CV)
CV=[B24-(B20+...+B22)]		184,405640,653
24Total other revenues and additions1,444,767
 
25Total all revenues and other additions (CV)
CV=(B09+B19+B24)		92,042,98690,863,674
 
CV = Calculated Value
 
CAVEATS
 
Institution: University of Wisconsin Colleges (240055) User ID: 55A0011
Part C - Expenses and Other Deductions
Fiscal Year 2006
 Report in whole
dollars only                              		     
  12345
Line No.DescriptionCurrent year totalSalaries & wagesEmployee fringe benefitsDepreciationAll other                    
 Operating Expenses 
01Instruction3,352,725
02Research34,603
03Public service1,030,494
05Academic support1,940,584
06Student services2,510,574
07Institutional support986,400
08Operation & maintenance
of plant		4,086,388
09Depreciation  778,472
10Scholarships and fellowships
expenses, excluding discounts & allowances (do not include work study here)		 3,845,958
11Auxiliary enterprises2,463,805
14Other expenses
& deductions (CV)
CV=[C15-(C01+...+C13)]		34,22829,9772604,225
15Total operating expenses20,255,756
 Prior year amount82,066,36444,160,88616,809,757794,44320,301,278
 
 
 
Institution: University of Wisconsin Colleges (240055) User ID: 55A0011
Part C - Expenses and Other Deductions
Fiscal Year 2006
 Report in whole dollars only                                   
  12345
Line No.DescriptionCurrent year totalSalaries & wagesEmployee fringe benefitsDepreciationAll other                    
 Nonoperating Expenses and
Deductions		     
16Interest   91,268
17Other nonoperating
expenses & deductions (CV)
CV=(C18-C16)		8,430,6690008,430,669
18Total nonoperating
expenses & deductions (CV)
CV=(C19-C15)		8,521,9370008,521,937
 
19Total expenses & deductions28,777,693
 Prior year amount89,283,74744,160,88616,809,757794,44327,518,661
 
CV = Calculated Value
 
CAVEATS
 
Institution: University of Wisconsin Colleges (240055) User ID: 55A0011
Part D - Summary of Changes In Net Assets
Fiscal Year 2006
 
Line No.DescriptionCurrent year amountPrior year amount
01Total revenues & other additions (from B25)92,042,98690,863,674
 
02Total expenses & deductions (from C19)92,697,20089,283,747
 
03Increase in net assets during year (CV)
CV=(D01-D02)		  -654,2141,579,927
04Net assets beginning of year35,569,064
05Adjustments to beginning net assets (CV)
CV=[D06-(D03+D04)]		0-436,429
06Net assets end of year (from A18)36,058,34836,712,562
 
CV = Calculated Value
 
CAVEATS
 
Institution: University of Wisconsin Colleges (240055) User ID: 55A0011
Part E - Scholarships and Fellowships
Part E - Scholarships and Fellowships
Fiscal Year 2006
 Report in whole dollars only  
 
Line No.SourceCurrent year amountPrior year amount
 Institutional Expenses and Discounts & Allowances  
 Gross Scholarships and Fellowships (no loans included)  
01Pell grants (federal)6,522,206
02Other federal grants625,880
03Grants by state government94,252
04Grants by local government0
05Institutional grants from restricted resources562,956
06Institutional grants from unrestricted resources (CV)
CV=[E07-(E01+...+E05)]		14,16858,096
07Total gross scholarships and fellowships7,863,390
 
 Discounts and Allowances  
08Discounts & allowances applied to tuition & fees3,898,148
09Discounts & allowances applied to sales & services of
auxiliary enterprises (CV)
CV= (E10-E08)		31,56431,229
10Total Discounts & Allowances (CV)
CV=(E07-E11)		3,917,7973,929,377
 
11Net scholarships and fellowships expenses after deducting
discount & allowances (from C10)		3,845,9583,934,013
 
CV = Calculated Value
 
CAVEATS
 
Institution: University of Wisconsin Colleges (240055) User ID: 55A0011
Part H - Details of Endowment Assets
Fiscal Year 2006
Report in whole dollars only
Line No.Value of Endowment AssetsMarket ValuePrior Year Amounts
   
01Value of endowment assets at the beginning of the fiscal year1,003,747
02Value of endowment assets at the end of the fiscal year1,034,962
 
Institution: University of Wisconsin Colleges (240055) User ID: 55A0011
Part J - Revenue Data for Bureau of Census
Part J - Revenues (Census Bureau)
Fiscal Year 2006
Source and typeAmount
Total for all funds
and operations
(includes
endowment funds,
but excludes component units)		Education and general/independent operationsAuxiliary enterprises Hospitals Agriculture extension/experiment services
 (1)  (2)(3)(4)(5)
01Tuition and fees38,452,33738,452,337   
02Sales and services8,066,8172,978,578
03Federal grants/contracts (excludes Pell Grants)2,275,065
 Revenue from the state government:
04State appropriations, current & capital35,206,419
05State grants and contracts25,795
 Revenue from local governments:
06Local appropriation, current & capital0
07Local government grants/contracts95,424
08Receipts from property and non-property taxes 
09Gifts and private grants, including capital grants 
10Interest earnings 
11Dividend earnings 
12Realized capital gains 
 
CAVEATS
 
Institution: University of Wisconsin Colleges (240055) User ID: 55A0011
Part K - Expenditure Data for Bureau of Census
Part K - Expenditures
Fiscal Year 2006
CategoryAmount
Total for all funds and operations (includes endowment funds, but excludes component units)Education and general/
independent operations		Auxiliary enterprisesHospitals Agriculture extension/
experiment services
 (1)(2)(3)(4)(5)
01Salaries and wages45,276,673392,959
02Employee benefits, total17,864,363162,456
03Payment to state retirement funds (maybe included in line 02 above)4,418,366
04Current expenditures other than salaries16,126,758
 Capital outlay: 
05Construction0
06Equipment purchases508,540
07Land purchases0
08Interest on debt outstanding, all funds & activities 
09Scholarships/fellowships7,763,7557,763,755 
 
CAVEATS
 
Institution: University of Wisconsin Colleges (240055) User ID: 55A0011
Part L - Debt and Assets, page 1
Part L - Debt and Assets
Fiscal Year 2006
Debt
CategoryAmount
01Long-term debt outstanding at beginning of fiscal year
02Long-term debt issued during fiscal year
03Long-term debt retired during fiscal year
04Long-term debt outstanding at end of fiscal year
05Short-term debt outstanding at beginning of fiscal year
06Short-term debt outstanding at end of fiscal year
 
CAVEATS
 
Institution: University of Wisconsin Colleges (240055) User ID: 55A0011
Part L - Debt and Assets, page 2
Part L - Debt and Assets (page 2)
Fiscal Year 2006
Assets
CategoryAmount
07Total cash and security assets held at end of fiscal year in sinking or debt service funds
08Total cash and security assets held at end of fiscal year in bond funds
09Total cash and security assets held at end of fiscal year in all other funds
 
CAVEATS
 
Institution:  University of Wisconsin Colleges (240055) User ID:  55A0011
Explanation Report
There are no explanations for selected survey and institution