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Finance 2006-07

Institution: University of Wisconsin-Superior (240426)

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-Superior (240426)

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-Superior (240426)

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		6,884,304

	Noncurrent Assets
02	Capital assets - depreciable (gross)		91,766,539
03	Accumulated depreciation (enter as a positive amount)		33,869,457
04	Other noncurrent assets (CV) CV=[A05-(A02-A03)]	3,110,164	3,165,176
05	Total noncurrent assets		61,062,258

06	Total assets (CV) CV=(A01+A05)	63,718,551	67,946,562

	Current Liabilities
07	Long-term debt, current portion		331,227
08	Other current liabilities (CV) CV=(A09-A07)	2,597,704	3,355,357
09	Total current liabilities		3,686,584

	Noncurrent Liabilities
10	Long-term debt		6,038,262
11	Other noncurrent liabilities (CV) CV=(A12-A10)	307,058	252,128
12	Total noncurrent liabilities		6,290,390

13	Total liabilities (CV) CV=(A09+A12)	8,864,790	9,976,974

	Net Assets
14	Invested in capital assets, net of related debt		52,250,651
15	Restricted-expendable		3,826,059
16	Restricted-nonexpendable		747,162
17	Unrestricted (CV) CV=[A18-(A14+A15+A16)]	-5,454,281	1,145,716
18	Total Net assets (CV) CV=(A06-A13)	54,853,761	57,969,588


CV= Calculated Value


CAVEATS

Institution: University of Wisconsin-Superior (240426)

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			2,942,052
24	Equipment			368,532
25	Art and library collections			1,058,719
26	Property obtained under capital leases (if not included in equipment)			0
27	Construction in progress			0
28	Accumulated depreciation			243,625

	CV = (Beginning Balance + Additions - Ending Balance)


CAVEATS

Institution: University of Wisconsin-Superior (240426)

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		9,178,306
	Grants and contracts - operating
02	Federal operating grants and contracts		2,069,141
03	State operating grants and contracts		252,558
04	Local/private operating grants and contracts		211,213
05	Sales & services of auxiliary enterprises, after deducting discounts & allowances		4,652,006
06	Sales & services of hospitals, after deducting patient contractual allowances		0
07	Independent operations		0
08	Other sources - operating (CV) CV=[B09-(B01+ ....+B07)]	3,877,450	3,579,481
09	Total operating revenues		19,942,705

Institution: University of Wisconsin-Superior (240426)

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		15,630,576
12	Local appropriations, education district taxes, & similar support		0
	Grants-nonoperating
13	Federal nonoperating grants		2,373,288
14	State nonoperating grants		0
15	Local nonoperating grants		0
16	Gifts, including contributions from affiliated organizations		547,252
17	Investment income		331,033
18	Other nonoperating revenues (CV) CV=[B19-(B10+...+B17)]	0	0
19	Total nonoperating revenues		18,882,149

Institution: University of Wisconsin-Superior (240426)

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		1,607,515
21	Capital grants & gifts		10,875
22	Additions to permanent endowments		0
23	Other revenues & additions (CV) CV=[B24-(B20+...+B22)]	0	0
24	Total other revenues and additions		1,618,390

25	Total all revenues and other additions (CV) CV=(B09+B19+B24)	42,865,654	40,443,244

CV = Calculated Value


CAVEATS

Institution: University of Wisconsin-Superior (240426)

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					814,971
02	Research					745,913
03	Public service					382,633
05	Academic support					727,446
06	Student services					1,583,354
07	Institutional support					490,920
08	Operation & maintenance of plant					2,536,620
09	Depreciation				1,796,362
10	Scholarships and fellowships expenses, excluding discounts & allowances (do not include work study here)					323,843
11	Auxiliary enterprises					3,796,984
12	Hospital services					0
13	Independent operations					0
14	Other expenses & deductions (CV) CV=[C15-(C01+...+C13)]	63,776	23,150	310	0	40,316
15	Total operating expenses					11,443,000
	Prior year amount	38,548,576	18,794,297	7,261,511	1,895,069	10,597,699

Institution: University of Wisconsin-Superior (240426)

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					240,358
17	Other nonoperating expenses & deductions (CV) CV=(C18-C16)	5,945,117	0	0	0	5,945,117
18	Total nonoperating expenses & deductions (CV) CV=(C19-C15)	6,185,475	0	0	0	6,185,475

19	Total expenses & deductions					17,628,475
	Prior year amount	39,725,064	18,794,297	7,261,511	1,895,069	11,774,187

CV = Calculated Value

CAVEATS

Institution: University of Wisconsin-Superior (240426)

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)	42,865,654	40,443,244

02	Total expenses & deductions (from C19)	45,981,480	39,725,064

03	Increase in net assets during year (CV) CV=(D01-D02)	-3,115,826	718,180
04	Net assets beginning of year		57,575,347
05	Adjustments to beginning net assets (CV) CV=[D06-(D03+D04)]	0	-323,939
06	Net assets end of year (from A18)	54,853,761	57,969,588

CV = Calculated Value


CAVEATS

Institution: University of Wisconsin-Superior (240426)

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)		2,373,288
02	Other federal grants		289,242
03	Grants by state government		77,819
04	Grants by local government		0
05	Institutional grants from restricted resources		66,938
06	Institutional grants from unrestricted resources (CV) CV=[E07-(E01+...+E05)]	5,425	39,151
07	Total gross scholarships and fellowships		2,846,438

	Discounts and Allowances
08	Discounts & allowances applied to tuition & fees		2,078,686
09	Discounts & allowances applied to sales & services of auxiliary enterprises (CV) CV= (E10-E08)	332,320	333,236
10	Total Discounts & Allowances (CV) CV=(E07-E11)	2,420,660	2,411,922

11	Net scholarships and fellowships expenses after deducting discount & allowances (from C10)	323,843	434,516

CV = Calculated Value


CAVEATS

Institution: University of Wisconsin-Superior (240426)

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		2,101,649
02	Value of endowment assets at the end of the fiscal year		2,156,487

Institution: University of Wisconsin-Superior (240426)

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	11,927,731	11,927,731
02	Sales and services	6,432,622		5,033,508	0
03	Federal grants/contracts (excludes Pell Grants)	2,420,875
	Revenue from the state government:
04	State appropriations, current & capital	16,222,259
05	State grants and contracts	178,480
	Revenue from local governments:
06	Local appropriation, current & capital	0
07	Local government grants/contracts	0
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-Superior (240426)

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	19,021,389		899,238	0
02	Employee benefits, total	7,535,253		338,333	0
03	Payment to state retirement funds (maybe included in line 02 above)	1,868,161
04	Current expenditures other than salaries	11,031,535
	Capital outlay:
05	Construction	1,205,197
06	Equipment purchases	153,449
07	Land purchases	0
08	Interest on debt outstanding, all funds & activities
09	Scholarships/fellowships	2,744,503	2,744,503

CAVEATS

Institution: University of Wisconsin-Superior (240426)

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-Superior (240426)

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-Superior (240426)

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).