Finance 2007-08
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, 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-System Administration (240435)
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 74,927,864
 
 Noncurrent Assets  
02Capital assets - depreciable (gross) 1,546,785
03Accumulated depreciation (enter as a positive amount) 1,287,882
04Other noncurrent assets (CV)
CV=[A05-(A02-A03)]		5,727,965 4,304,187
05Total noncurrent assets 4,563,090
 
06Total assets (CV)
CV=(A01+A05)		70,093,156 79,490,954
 
 Current Liabilities  
07Long-term debt, current portion 0
08Other current liabilities (CV)
CV=(A09-A07)		8,481,967 45,884,546
09Total current liabilities 45,884,546
 
 Noncurrent Liabilities  
10Long-term debt 0
11Other noncurrent liabilities (CV)
CV=(A12-A10)		834,061 752,131
12Total noncurrent liabilities 752,131
 
13Total liabilities (CV)
CV=(A09+A12)		 9,316,028 46,636,677
 
 Net Assets  
14Invested in capital assets, net of related debt 258,903
15Restricted-expendable 9,290,028
16Restricted-nonexpendable 571,264
17Unrestricted (CV)
CV=[A18-(A14+A15+A16)]		46,820,657 22,734,082
18Total Net assets (CV)
CV=(A06-A13)		60,777,128 32,854,277
 
 
CV= Calculated Value
 
CAVEATS
 
Institution: University of Wisconsin-System Administration (240435)
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 improvements0
22Infrastructure0
23Buildings0
24Equipment194,987
25Art and library collections0
26Property obtained under capital leases
(if not included in equipment)		0
27Construction in progress0
28Accumulated depreciation194,987
 
 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 2007
 Report in whole dollars only  
 
Line No.Source of FundsCurrent year amountPrior year amount
 Operating Revenues  
01Tuition & fees, after deducting discounts & allowances0
 Grants and contracts - operating  
02Federal operating grants and contracts1,931,252
03State operating grants and contracts1,061,659
04Local/private operating grants and contracts530,378
05Sales & services of auxiliary enterprises,
after deducting discounts & allowances		0
08Other sources - operating (CV)
CV=[B09-(B01+ ....+B07)]		2,502,6580
09Total operating revenues 3,523,289
 
 
Institution: University of Wisconsin-System Administration (240435)
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 appropriations0
11State appropriations20,817,941
12Local appropriations, education district taxes, & similar support0
 Grants-nonoperating  
13Federal nonoperating grants0
14State nonoperating grants0
15Local nonoperating grants0
16Gifts, including contributions from affiliated organizations0
17Investment income1,842,677
18Other nonoperating revenues (CV)
CV=[B19-(B10+...+B17)]		00
19Total nonoperating revenues22,660,618
 
 
Institution: University of Wisconsin-System Administration (240435)
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 appropriations296,579
21Capital grants & gifts0
22Additions to permanent endowments0
23Other revenues & additions (CV)
CV=[B24-(B20+...+B22)]		21,398,1225,417,272
24Total other revenues and additions5,713,851
 
25Total all revenues and other additions (CV)
CV=(B09+B19+B24)		 57,506,13531,897,758
 
CV = Calculated Value
 
CAVEATS
 
Institution: University of Wisconsin-System Administration (240435)
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 
01Instruction 399,406
02Research45,065
03Public service0
05Academic support6,871,457
06Student services0
07Institutional support0
08Operation & maintenance
of plant		472,582
09Depreciation  111,433
10Scholarships and fellowships
expenses, excluding discounts & allowances (do not include work study here)		 0
11Auxiliary enterprises0
14Other expenses
& deductions (CV)
CV=[C15-(C01+...+C13)]		23,95200023,952
15Total operating expenses7,812,462
 Prior year amount26,576,22113,921,7654,709,36088,1637,856,933
 
 
Institution: University of Wisconsin-System Administration (240435)
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   0
17Other nonoperating expenses & deductions (CV)
CV=(C18-C16)		2,228,6040002,228,604
18Total nonoperating
expenses & deductions (CV)
CV=(C19-C15)		2,228,6040002,228,604
 
19Total expenses & deductions10,041,066
 Prior year amount26,576,22113,921,7654,709,36088,1637,856,933
 
CV = Calculated Value
 
CAVEATS
 
Institution: University of Wisconsin-System Administration (240435)
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)57,506,13531,897,758
 
02Total expenses & deductions (from C19)28,927,72026,576,221
 
03Increase in net assets during year (CV)
CV=(D01-D02)		28,578,4155,321,537
04Net assets beginning of year23,025,709
05Adjustments to beginning net assets (CV)
CV=[D06-(D03+D04)]		-655,5644,507,031
06Net assets end of year (from A18)60,777,12832,854,277
 
CV = Calculated Value
 
CAVEATS
 
Institution: University of Wisconsin-System Administration (240435)
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  4,099,693
02Value of endowment assets at the end of the fiscal year  4,805,953
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 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 fees00   
02Sales and services807,94524,180
03Federal grants/contracts (excludes Pell Grants)9,214,563
 Revenue from the state government:
04State appropriations, current & capital16,444,192
05State grants and contracts129,103
 Revenue from local governments:
06Local appropriation, current & capital0
07Local government grants/contracts0
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-System Administration (240435)
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 wages13,617,9940
02Employee benefits, total5,157,2270
03Payment to state retirement funds (maybe included in line 02 above)2,069,574
04Current expenditures other than salaries7,802,463
 Capital outlay: 
05Construction0
06Equipment purchases260,972
07Land purchases0
08Interest on debt outstanding, all funds & activities 
09Scholarships/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 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-System Administration (240435)
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-System Administration (240435) User ID:  55A0011
Explanation Report
Number Source Location Description Severity Accepted
Screen: Part 1
1 Row 15
Column 3 		Upload File The number entered, 13520237, has an expected range of between 1761645 and 5284933 based on last year's amount. Please explain this difference. Explanation Yes
Reason: The increase in operating revenues is the result of accrual entries and system-wide allocations.
Screen: Part 3
2 Row 37
Column 3 		Upload File The number entered, 57506135, has an expected range of between 15948879 and 47846637 based on last year's amount. Please explain this difference. Explanation Yes
Reason: The increase in Total Revenues is the result of accrual entries and system-wide allocations.