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Finance 2006-07

Institution: University of Wisconsin-System Administration (240435)

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-System Administration (240435)

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-System Administration (240435)

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		22,996,319

	Noncurrent Assets
02	Capital assets - depreciable (gross)		694,910
03	Accumulated depreciation (enter as a positive amount)		455,004
04	Other noncurrent assets (CV) CV=[A05-(A02-A03)]	4,304,187	4,602,325
05	Total noncurrent assets		4,842,231

06	Total assets (CV) CV=(A01+A05)	79,490,954	27,838,550

	Current Liabilities
07	Long-term debt, current portion		0
08	Other current liabilities (CV) CV=(A09-A07)	45,884,546	4,038,159
09	Total current liabilities		4,038,159

	Noncurrent Liabilities
10	Long-term debt		0
11	Other noncurrent liabilities (CV) CV=(A12-A10)	752,131	774,682
12	Total noncurrent liabilities		774,682

13	Total liabilities (CV) CV=(A09+A12)	46,636,677	4,812,841

	Net Assets
14	Invested in capital assets, net of related debt		239,906
15	Restricted-expendable		6,087,349
16	Restricted-nonexpendable		536,764
17	Unrestricted (CV) CV=[A18-(A14+A15+A16)]	22,734,082	16,161,690
18	Total Net assets (CV) CV=(A06-A13)	32,854,277	23,025,709


CV= Calculated Value


CAVEATS

Institution: University of Wisconsin-System Administration (240435)

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			173,084
25	Art and library collections			0
26	Property obtained under capital leases (if not included in equipment)			0
27	Construction in progress			0
28	Accumulated depreciation			170,919

	CV = (Beginning Balance + Additions - Ending Balance)


CAVEATS

Institution: University of Wisconsin-System Administration (240435)

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		0
	Grants and contracts - operating
02	Federal operating grants and contracts		3,235,940
03	State operating grants and contracts		1,299,109
04	Local/private operating grants and contracts		670,960
05	Sales & services of auxiliary enterprises, after deducting discounts & allowances		0
08	Other sources - operating (CV) CV=[B09-(B01+ ....+B07)]	0	0
09	Total operating revenues		5,206,009

Institution: University of Wisconsin-System Administration (240435)

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		12,492,539
12	Local appropriations, education district taxes, & similar support		0
	Grants-nonoperating
13	Federal nonoperating grants		0
14	State nonoperating grants		0
15	Local nonoperating grants		0
16	Gifts, including contributions from affiliated organizations		153,107
17	Investment income		1,827,355
18	Other nonoperating revenues (CV) CV=[B19-(B10+...+B17)]	0	0
19	Total nonoperating revenues		14,473,001

Institution: University of Wisconsin-System Administration (240435)

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		639,903
21	Capital grants & gifts		0
22	Additions to permanent endowments		0
23	Other revenues & additions (CV) CV=[B24-(B20+...+B22)]	5,417,272	34,097,756
24	Total other revenues and additions		34,737,659

25	Total all revenues and other additions (CV) CV=(B09+B19+B24)	31,897,758	54,416,669

CV = Calculated Value


CAVEATS

Institution: University of Wisconsin-System Administration (240435)

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					397,929
02	Research					31,645
03	Public service					0
05	Academic support					5,866,803
06	Student services					0
07	Institutional support					0
08	Operation & maintenance of plant					1,248,864
09	Depreciation				88,163
10	Scholarships and fellowships expenses, excluding discounts & allowances (do not include work study here)					0
11	Auxiliary enterprises					309,191
14	Other expenses & deductions (CV) CV=[C15-(C01+...+C13)]	2,501	0	0	0	2,501
15	Total operating expenses					7,856,933
	Prior year amount	67,148,198	15,467,620	14,457,088	311,032	36,912,458

Institution: University of Wisconsin-System Administration (240435)

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					0
17	Other nonoperating expenses & deductions (CV) CV=(C18-C16)	0	0	0	0	0
18	Total nonoperating expenses & deductions (CV) CV=(C19-C15)	0	0	0	0	0

19	Total expenses & deductions					7,856,933
	Prior year amount	67,450,048	15,467,620	14,457,088	311,032	37,214,308

CV = Calculated Value

CAVEATS

Institution: University of Wisconsin-System Administration (240435)

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)	31,897,758	54,416,669

02	Total expenses & deductions (from C19)	26,576,221	67,450,048

03	Increase in net assets during year (CV) CV=(D01-D02)	5,321,537	-13,033,379
04	Net assets beginning of year		38,796,417
05	Adjustments to beginning net assets (CV) CV=[D06-(D03+D04)]	4,507,031	-2,737,329
06	Net assets end of year (from A18)	32,854,277	23,025,709

CV = Calculated Value


CAVEATS

Institution: University of Wisconsin-System Administration (240435)

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		4,159,336
02	Value of endowment assets at the end of the fiscal year		4,672,004

Institution: University of Wisconsin-System Administration (240435)

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	0	0
02	Sales and services	0		0
03	Federal grants/contracts (excludes Pell Grants)	0
	Revenue from the state government:
04	State appropriations, current & capital	20,817,941
05	State grants and contracts	1,061,659
	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-System Administration (240435)

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	13,921,765		0
02	Employee benefits, total	4,709,360		0
03	Payment to state retirement funds (maybe included in line 02 above)	2,078,021
04	Current expenditures other than salaries	8,333,809
	Capital outlay:
05	Construction	0
06	Equipment purchases	116,388
07	Land purchases	0
08	Interest on debt outstanding, all funds & activities
09	Scholarships/fellowships

CAVEATS

Institution: University of Wisconsin-System Administration (240435)

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-System Administration (240435)

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-System Administration (240435)

User ID: 55A0011

Explanation Report

Number

Source

Location

Description

Severity

Accepted

Global Edits

1

Perform Edits

The number entered, 26576221, has an expected range of between 33574099 and 100722297 based on last year's amount. Please explain this difference.

Explanation

Yes

Reason:

FY 2005 operating expenses were larger than normal due to [1] a timing issue with HEAB payments, and [2] 'Retirement Prior Service Cost' payments to the state in excess of amounts collected from the UW system campuses.

Global Edits

2

Perform Edits

The number entered, 26576221, has an expected range of between 33725024 and 101175072 based on last year's amount. Please explain this difference.

Explanation

Yes

Reason:

FY 2005 operating expenses were larger than normal due to [1] a timing issue with HEAB payments, and [2] 'Retirement Prior Service Cost' payments to the state in excess of amounts collected from the UW system campuses.