Finance 2007-08
Institution: University of Wisconsin-Madison (240444)
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-Madison (240444)
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, 2007.)
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-Madison (240444)
User ID: 55A0011

Part A - Statement of Net Assets
Fiscal Year 2007
 Report in whole dollars only
 
Line no. Current year amountPrior year amount
 Current Assets  
01Total Current Assets 470,937,273
 
 Noncurrent Assets  
02Capital assets - depreciable (gross) 3,056,614,637
03Accumulated depreciation (enter as a positive amount) 1,110,107,121
04Other noncurrent assets (CV)
CV=[A05-(A02-A03)]		418,218,134 360,284,244
05Total noncurrent assets 2,306,791,760
 
06Total assets (CV)
CV=(A01+A05)		3,164,903,387 2,777,729,033
 
 Current Liabilities  
07Long-term debt, current portion 17,871,032
08Other current liabilities (CV)
CV=(A09-A07)		252,477,755 272,513,316
09Total current liabilities 290,384,348
 
 Noncurrent Liabilities  
10Long-term debt 325,446,980
11Other noncurrent liabilities (CV)
CV=(A12-A10)		34,341,708 30,040,986
12Total noncurrent liabilities 355,487,966
 
13Total liabilities (CV)
CV=(A09+A12)		807,945,322 645,872,314
 
 Net Assets  
14Invested in capital assets, net of related debt 1,639,908,974
15Restricted-expendable 353,136,009
16Restricted-nonexpendable 130,825,535
17Unrestricted (CV)
CV=[A18-(A14+A15+A16)]		86,711,801 7,986,201
18Total Net assets (CV)
CV=(A06-A13)		2,356,958,065 2,131,856,719
 
 
CV= Calculated Value
 
CAVEATS
 
Institution: University of Wisconsin-Madison (240444)
User ID: 55A0011

Part A - Plant, Property, and Equipment
Fiscal Year 2007
 Report in whole dollars only    
 
Line No.DescriptionBeginning
balance		AdditionsRetirements
(CV)		Ending balance
 Plant, Property, and Equipment    
 
21Land & land improvements443,338
22Infrastructure81,861
23Buildings876,345
24Equipment13,622,549
25Art and library collections715,269
26Property obtained under capital leases
(if not included in equipment)		0
27Construction in progress0
28Accumulated depreciation11,724,788
 
 CV = (Beginning Balance + Additions - Ending Balance)  
 
CAVEATS
 
Institution: University of Wisconsin-Madison (240444)
User ID: 55A0011

Part B - Revenues and Other Additions
Fiscal Year 2007
 Report in whole dollars only  
 
Line No.Source of FundsCurrent year amountPrior year amount
 Operating Revenues  
01Tuition & fees, after deducting discounts & allowances273,069,126
 Grants and contracts - operating  
02Federal operating grants and contracts503,378,570
03State operating grants and contracts23,362,762
04Local/private operating grants and contracts151,986,108
05Sales & services of auxiliary enterprises,
after deducting discounts & allowances		150,821,326
06Sales & services of hospitals,
after deducting patient contractual allowances		0
07Independent operations0
08Other sources - operating (CV)
CV=[B09-(B01+ ....+B07)]		227,057,148210,923,540
09Total operating revenues1,313,541,432
 
 
Institution: University of Wisconsin-Madison (240444)
User ID: 55A0011

Part B - Revenues and Other Additions
Fiscal Year 2007
 Report in whole dollars only   
 
Line No.Source of fundsCurrent year amountPrior year amount
 Nonoperating Revenues  
10Federal appropriations6,594,522
11State appropriations359,015,771
12Local appropriations, education district taxes, & similar support0
 Grants-nonoperating  
13Federal nonoperating grants8,497,912
14State nonoperating grants0
15Local nonoperating grants0
16Gifts, including contributions from affiliated organizations197,064,879
17Investment income41,157,282
18Other nonoperating revenues (CV)
CV=[B19-(B10+...+B17)]		00
19Total nonoperating revenues612,330,366
 
 
Institution: University of Wisconsin-Madison (240444)
User ID: 55A0011

Part B - Revenues and Other Additions
Fiscal Year 2007
 Report in whole dollars only  
 
Line No.Resource of fundsCurrent year amountPrior year amount
 Other Revenues and Additions  
20Capital appropriations60,414,167
21Capital grants & gifts26,646,762
22Additions to permanent endowments185,874
23Other revenues & additions (CV)
CV=[B24-(B20+...+B22)]		20,178,35512,579,353
24Total other revenues and additions99,826,156
 
25Total all revenues and other additions (CV)
CV=(B09+B19+B24)		2,214,790,5122,025,697,954
 
CV = Calculated Value
 
CAVEATS
 
Institution: University of Wisconsin-Madison (240444)
User ID: 55A0011

Part C - Expenses and Other Deductions
Fiscal Year 2007
 Report in whole
dollars only                              		     
  12345
Line No.DescriptionCurrent year totalSalaries & wagesEmployee fringe benefitsDepreciationAll other                    
 Operating Expenses 
01Instruction41,671,855
02Research173,224,864
03Public service52,991,317
05Academic support27,358,017
06Student services20,012,045
07Institutional support29,604,131
08Operation & maintenance
of plant		65,325,901
09Depreciation  105,777,753
10Scholarships and fellowships
expenses, excluding discounts & allowances (do not include work study here)		 40,271,471
11Auxiliary enterprises87,996,291
12Hospital services0
13Independent operations0
14Other expenses
& deductions (CV)
CV=[C15-(C01+...+C13)]		46,342,88523,240,36812,258,416010,844,101
15Total operating expenses549,299,993
 Prior year amount1,896,039,036949,035,026301,162,443100,495,554545,346,013
 
 
Institution: University of Wisconsin-Madison (240444)
User ID: 55A0011

Part C - Expenses and Other Deductions
Fiscal Year 2007
 Report in whole dollars only                                   
  12345
Line No.DescriptionCurrent year totalSalaries & wagesEmployee fringe benefitsDepreciationAll other                    
 Nonoperating Expenses and Deductions     
16Interest   17,306,453
17Other nonoperating expenses & deductions (CV)
CV=(C18-C16)		18,370,91800018,370,918
18Total nonoperating
expenses & deductions (CV)
CV=(C19-C15)		35,677,37100035,677,371
 
19Total expenses & deductions584,977,364
 Prior year amount1,931,143,253949,035,026301,162,443100,495,554580,450,230
 
CV = Calculated Value
 
CAVEATS
 
Institution: University of Wisconsin-Madison (240444)
User ID: 55A0011

Part D - Summary of Changes In Net Assets
Fiscal Year 2007
 
Line No.DescriptionCurrent year amountPrior year amount
01Total revenues & other additions (from B25)2,214,790,5122,025,697,954
 
02Total expenses & deductions (from C19)1,988,673,5061,931,143,253
 
03Increase in net assets during year (CV)
CV=(D01-D02)		226,117,00694,554,701
04Net assets beginning of year2,000,372,568
05Adjustments to beginning net assets (CV)
CV=[D06-(D03+D04)]		-1,015,66036,929,450
06Net assets end of year (from A18)2,356,958,0652,131,856,719
 
CV = Calculated Value
 
CAVEATS
 
Institution: University of Wisconsin-Madison (240444)
User ID: 55A0011

Part E - Scholarships and Fellowships
Part E - Scholarships and Fellowships
Fiscal Year 2007
 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)8,497,912
02Other federal grants21,002,473
03Grants by state government5,939,331
04Grants by local government0
05Institutional grants from restricted resources31,856,134
06Institutional grants from unrestricted resources (CV)
CV=[E07-(E01+...+E05)]		5,043,6604,179,268
07Total gross scholarships and fellowships71,475,118
 
 Discounts and Allowances  
08Discounts & allowances applied to tuition & fees26,981,053
09Discounts & allowances applied to sales & services of
auxiliary enterprises (CV)
CV= (E10-E08)		4,514,0384,078,199
10Total Discounts & Allowances (CV)
CV=(E07-E11)		35,321,36031,059,252
 
11Net scholarships and fellowships expenses after deducting
discount & allowances (from C10)		40,271,47140,415,866
 
CV = Calculated Value
 
CAVEATS
 
Institution: University of Wisconsin-Madison (240444)
User ID: 55A0011

Part H - Details of Endowment Assets
Fiscal Year 2007
Report in whole dollars only
Line No.Value of Endowment AssetsMarket ValuePrior Year Amounts
  Include not only endowment assets held by the institution, but any assets held by private foundations affiliated with the institution.  
01Value of endowment assets at the beginning of the fiscal year  1,375,677,304
02Value of endowment assets at the end of the fiscal year  1,698,734,791
Institution: University of Wisconsin-Madison (240444)
User ID: 55A0011

Part J - Revenue Data for Bureau of Census
Part J - Revenues (Census Bureau)
Fiscal Year 2007
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 fees324,542,049324,542,049   
02Sales and services323,509,144176,616,3890
03Federal grants/contracts (excludes Pell Grants)472,298,651
 Revenue from the state government:
04State appropriations, current & capital363,900,811
05State grants and contracts25,969,656
 Revenue from local governments:
06Local appropriation, current & capital0
07Local government grants/contracts2,634,930
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-Madison (240444)
User ID: 55A0011

Part K - Expenditure Data for Bureau of Census
Part K - Expenditures
Fiscal Year 2007
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 wages979,629,32948,864,5770
02Employee benefits, total318,289,06114,081,9480
03Payment to state retirement funds (maybe included in line 02 above)92,144,923
04Current expenditures other than salaries507,388,244
 Capital outlay: 
05Construction304,355,824
06Equipment purchases50,433,112
07Land purchases2,672,100
08Interest on debt outstanding, all funds & activities 
09Scholarships/fellowships75,592,83175,592,831 
 
CAVEATS
 
Institution: University of Wisconsin-Madison (240444)
User ID: 55A0011

Part L - Debt and Assets, page 1
Part L - Debt and Assets
Fiscal Year 2007
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-Madison (240444)
User ID: 55A0011

Part L - Debt and Assets, page 2
Part L - Debt and Assets (page 2)
Fiscal Year 2007
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-Madison (240444) User ID:  55A0011
Explanation Report
There are no explanations for selected survey and institution