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Finance 2006-07

Institution: University of Wisconsin-Parkside (240374)

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-Parkside (240374)

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.)
	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 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-Parkside (240374)

User ID: 55A0011

Part A - Statement of Net Assets

Fiscal Year 2006
	Report in whole dollars only

Line no.		Current year amount	Prior year amount
	Current Assets
01	Total Current Assets		8,870,274

	Noncurrent Assets
02	Capital assets - depreciable (gross)		114,713,129
03	Accumulated depreciation (enter as a positive amount)		43,471,760
04	Other noncurrent assets (CV) CV=[A05-(A02-A03)]	2,894,322	3,018,056
05	Total noncurrent assets		74,259,425

06	Total assets (CV) CV=(A01+A05)	82,481,504	83,129,699

	Current Liabilities
07	Long-term debt, current portion		1,111,897
08	Other current liabilities (CV) CV=(A09-A07)	3,499,108	4,608,568
09	Total current liabilities		5,720,465

	Noncurrent Liabilities
10	Long-term debt		10,996,935
11	Other noncurrent liabilities (CV) CV=(A12-A10)	331,985	250,028
12	Total noncurrent liabilities		11,246,963

13	Total liabilities (CV) CV=(A09+A12)	14,855,863	16,967,428

	Net Assets
14	Invested in capital assets, net of related debt		65,811,855
15	Restricted-expendable		4,310,466
16	Restricted-nonexpendable		514,656
17	Unrestricted (CV) CV=[A18-(A14+A15+A16)]	-3,399,039	-4,474,706
18	Total Net assets (CV) CV=(A06-A13)	67,625,641	66,162,271


CV= Calculated Value


CAVEATS

Institution: University of Wisconsin-Parkside (240374)

User ID: 55A0011

Part A - Plant, Property, and Equipment

Fiscal Year 2006
	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			0
24	Equipment			82,839
25	Art and library collections			230,991
26	Property obtained under capital leases (if not included in equipment)			0
27	Construction in progress			0
28	Accumulated depreciation			78,441

	CV = (Beginning Balance + Additions - Ending Balance)


CAVEATS

Institution: University of Wisconsin-Parkside (240374)

User ID: 55A0011

Part B - Revenues and Other Additions

Fiscal Year 2006
	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		14,659,146
	Grants and contracts - operating
02	Federal operating grants and contracts		2,362,307
03	State operating grants and contracts		5,093
04	Local/private operating grants and contracts		383,211
05	Sales & services of auxiliary enterprises, after deducting discounts & allowances		4,478,859
06	Sales & services of hospitals, after deducting patient contractual allowances		0
07	Independent operations		0
08	Other sources - operating (CV) CV=[B09-(B01+ ....+B07)]	7,167,852	6,874,972
09	Total operating revenues		28,763,588

Institution: University of Wisconsin-Parkside (240374)

User ID: 55A0011

Part B - Revenues and Other Additions

Fiscal Year 2006
	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		21,636,545
12	Local appropriations, education district taxes, & similar support		0
	Grants-nonoperating
13	Federal nonoperating grants		3,489,798
14	State nonoperating grants		0
15	Local nonoperating grants		0
16	Gifts, including contributions from affiliated organizations		238,152
17	Investment income		161,879
18	Other nonoperating revenues (CV) CV=[B19-(B10+...+B17)]	0	0
19	Total nonoperating revenues		25,526,374

Institution: University of Wisconsin-Parkside (240374)

User ID: 55A0011

Part B - Revenues and Other Additions

Fiscal Year 2006
	Report in whole dollars only

Line No.	Resource of funds	Current year amount	Prior year amount
	Other Revenues and Additions
20	Capital appropriations		1,483,125
21	Capital grants & gifts		65,313
22	Additions to permanent endowments		20,150
23	Other revenues & additions (CV) CV=[B24-(B20+...+B22)]	40,196	500
24	Total other revenues and additions		1,569,088

25	Total all revenues and other additions (CV) CV=(B09+B19+B24)	58,916,283	55,859,050

CV = Calculated Value


CAVEATS

Institution: University of Wisconsin-Parkside (240374)

User ID: 55A0011

Part C - Expenses and Other Deductions

Fiscal Year 2006
	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					1,296,836
02	Research					124,388
03	Public service					921,423
05	Academic support					1,142,153
06	Student services					2,669,715
07	Institutional support					256,942
08	Operation & maintenance of plant					3,414,814
09	Depreciation				2,227,809
10	Scholarships and fellowships expenses, excluding discounts & allowances (do not include work study here)					2,034,965
11	Auxiliary enterprises					3,133,459
12	Hospital services					0
13	Independent operations					0
14	Other expenses & deductions (CV) CV=[C15-(C01+...+C13)]	85,146	21,445	4	0	63,697
15	Total operating expenses					15,058,392
	Prior year amount	53,889,075	26,427,413	9,793,181	2,225,326	15,443,155

Institution: University of Wisconsin-Parkside (240374)

User ID: 55A0011

Part C - Expenses and Other Deductions

Fiscal Year 2006
	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					651,759
17	Other nonoperating expenses & deductions (CV) CV=(C18-C16)	2,303,966	0	0	0	2,303,966
18	Total nonoperating expenses & deductions (CV) CV=(C19-C15)	2,955,725	0	0	0	2,955,725

19	Total expenses & deductions					18,014,117
	Prior year amount	56,164,690	26,427,413	9,793,181	2,225,326	17,718,770

CV = Calculated Value

CAVEATS

Institution: University of Wisconsin-Parkside (240374)

User ID: 55A0011

Part D - Summary of Changes In Net Assets

Fiscal Year 2006

Line No.	Description	Current year amount	Prior year amount
01	Total revenues & other additions (from B25)	58,916,283	55,859,050

02	Total expenses & deductions (from C19)	57,452,913	56,164,690

03	Increase in net assets during year (CV) CV=(D01-D02)	1,463,370	-305,640
04	Net assets beginning of year		66,804,446
05	Adjustments to beginning net assets (CV) CV=[D06-(D03+D04)]	0	-336,535
06	Net assets end of year (from A18)	67,625,641	66,162,271

CV = Calculated Value


CAVEATS

Institution: University of Wisconsin-Parkside (240374)

User ID: 55A0011

Part E - Scholarships and Fellowships

Part E - Scholarships and Fellowships Fiscal Year 2006
	Report in whole dollars only

Line No.	Source	Current year amount	Prior year amount
	Institutional Expenses and Discounts & Allowances
	Gross Scholarships and Fellowships (no loans included)
01	Pell grants (federal)		3,489,798
02	Other federal grants		541,933
03	Grants by state government		280,451
04	Grants by local government		0
05	Institutional grants from restricted resources		251,717
06	Institutional grants from unrestricted resources (CV) CV=[E07-(E01+...+E05)]	0	141,275
07	Total gross scholarships and fellowships		4,705,174

	Discounts and Allowances
08	Discounts & allowances applied to tuition & fees		2,209,974
09	Discounts & allowances applied to sales & services of auxiliary enterprises (CV) CV= (E10-E08)	378,583	358,186
10	Total Discounts & Allowances (CV) CV=(E07-E11)	2,752,810	2,568,160

11	Net scholarships and fellowships expenses after deducting discount & allowances (from C10)	2,034,965	2,137,014

CV = Calculated Value


CAVEATS

Institution: University of Wisconsin-Parkside (240374)

User ID: 55A0011

Part H - Details of Endowment Assets

Fiscal Year 2006 Report in whole dollars only
Line No.	Value of Endowment Assets	Market Value	Prior Year Amounts

01	Value of endowment assets at the beginning of the fiscal year		871,747
02	Value of endowment assets at the end of the fiscal year		949,351

Institution: University of Wisconsin-Parkside (240374)

User ID: 55A0011

Part J - Revenue Data for Bureau of Census

Part J - Revenues (Census Bureau) Fiscal Year 2006
Source and type		Amount
Source and type		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	17,725,791	17,725,791
02	Sales and services	7,179,941		5,018,670	0
03	Federal grants/contracts (excludes Pell Grants)	2,124,523
	Revenue from the state government:
04	State appropriations, current & capital	23,078,676
05	State grants and contracts	27,410
	Revenue from local governments:
06	Local appropriation, current & capital	0
07	Local government grants/contracts	1,196
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 Wisconsin-Parkside (240374)

User ID: 55A0011

Part K - Expenditure Data for Bureau of Census

Part K - Expenditures Fiscal Year 2006
Category		Amount
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)
01	Salaries and wages	26,667,762		540,219	0
02	Employee benefits, total	10,543,225		224,276	0
03	Payment to state retirement funds (maybe included in line 02 above)	2,629,105
04	Current expenditures other than salaries	12,955,781
	Capital outlay:
05	Construction	1,432,433
06	Equipment purchases	318,279
07	Land purchases	0
08	Interest on debt outstanding, all funds & activities
09	Scholarships/fellowships	4,787,775	4,787,775

CAVEATS

Institution: University of Wisconsin-Parkside (240374)

User ID: 55A0011

Part L - Debt and Assets, page 1

Part L - Debt and Assets Fiscal Year 2006
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 Wisconsin-Parkside (240374)

User ID: 55A0011

Part L - Debt and Assets, page 2

Part L - Debt and Assets (page 2) Fiscal Year 2006
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 Wisconsin-Parkside (240374)

User ID: 55A0011

Explanation Report

Number

Source

Location

Description

Severity

Accepted

Global Edits

Perform Edits

This number should be greater than zero. Please explain.

Explanation

Yes

Reason:

Negative Unrestricted Net Assets result primarily from timing differences between bond proceeds and project expenditures (Plant Funds).