Overview

Finance Overview
	Purpose
	The purpose of the IPEDS Finance component is to collect basic financial information from items associated with the institution's General Purpose Financial Statements.
	Resources: To download the survey materials for this component: Survey Materials
	To access your prior year data submission for this component: Reported Data
If you have questions about completing this survey, please contact the IPEDS Help Desk at 1-877-225-2568.

Finance - Public institutions

Reporting Standard
Please indicate which reporting standards are used to prepare your financial statements:
		GASB (Governmental Accounting Standards Board), using standards of GASB 34 & 35
		FASB (Financial Accounting Standards 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.

Finance - Public institutions

General Information GASB-Reporting Institutions (aligned form)

To the extent possible, the finance data requested in this report should be provided from your institution's audited General Purpose Financial Statements (GPFS). Please refer to the instructions specific to each screen of the survey for details 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, 2010.)
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 (Explain in box below)		Don't know (Explain in box below)

3. Reporting Model 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. Intercollegiate Athletics 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 box below)
5. Endowment Assets Does this institution or any of its foundations or other affiliated organizations own endowment assets ?
		Yes - (report endowment assets)
		No

You may use the space below to provide context for the data you've reported above.

Part A - Statement of Net Assets

Line no.		Current year amount	Prior year amount
	Current Assets
01	Total current assets		21,491,908
	Noncurrent Assets
31	Depreciable capital assets, net of depreciation		30,564,832
04	Other noncurrent assets CV=[A05-A31]	1,049,815	2,043,808
05	Total noncurrent assets		32,608,640
06	Total assets CV=(A01+A05)	56,449,016	54,100,548
	Current Liabilities
07	Long-term debt, current portion		163,081
08	Other current liabilities CV=(A09-A07)	8,330,385	7,741,623
09	Total current liabilities		7,904,704
	Noncurrent Liabilities
10	Long-term debt		851,439
11	Other noncurrent liabilities CV=(A12-A10)	1,001,585	943,467
12	Total noncurrent liabilities		1,794,906
13	Total liabilities CV=(A09+A12)	10,218,912	9,699,610
	Net Assets
14	Invested in capital assets, net of related debt		29,550,312
15	Restricted-expendable		5,276,548
16	Restricted-nonexpendable		222,203
17	Unrestricted CV=[A18-(A14+A15+A16)]	13,356,137	9,351,875
18	Total net assets CV=(A06-A13)	46,230,104	44,400,938
You may use the space below to provide context for the data you've reported above.

Part A - Statement of Net Assets (Page 2)

Line No.	Description	Ending balance	Prior year Ending balance
	Capital Assets
21	Land & land improvements		145,352
22	Infrastructure		34,672
23	Buildings		1,843,452
32	Equipment, including art and library collections		35,813,066
27	Construction in progress		0
	Total for Plant, Property and Equipment CV = (A21+ .. A27)	38,075,230	37,836,542
28	Accumulated depreciation		7,271,710
33	Intangible assets, net of accumulated amortization
34	Other capital assets
You may use the space below to provide context for the data you've reported above.

Part B - Revenues and Other Additions

	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			37,012,299
	Grants and contracts - operating
02	Federal operating grants and contracts			2,181,079
03	State operating grants and contracts			122,437
04	Local government/private operating grants and contracts		451,747	566,856
	04a	Local government operating grants and contracts
	04b	Private operating grants and contracts
05	Sales & services of auxiliary enterprises, after deducting discounts & allowances			3,204,757
26	Sales & services of educational activities
08	Other sources - operating (CV) CV=[B09-(B01+ ....+B07)]		3,798,407	10,646,402
09	Total operating revenues			53,733,830

Part B - Revenues and Other Additions

Line No.	Source of funds		Current year amount	Prior year amount
	Nonoperating Revenues
10	Federal appropriations			0
11	State appropriations			34,134,675
12	Local appropriations, education district taxes, & similar support			0
	Grants-nonoperating
13	Federal nonoperating grants			9,447,480
14	State nonoperating grants			0
15	Local government nonoperating grants			0
16	Gifts, including contributions from affiliated organizations			1,433,632
17	Investment income			-98,977
18	Other nonoperating revenues CV=[B19-(B10+...+B17)]		1	0
19	Total nonoperating revenues			44,916,810
27	Total operating and nonoperating revenues CV=[B19+B09]		106,524,988	98,650,640
28	12-month Student FTE from E12 CV=[B28a+B28b]		10,243
	28a	Undergraduates	10,243
	28b	Graduates
29	Total operating and nonoperating revenues per student FTE CV=[B27/B28]		10,400

Part B - Revenues and Other Additions

Line No.	Source of funds	Current year amount	Prior year amount
	Other Revenues and Additions
20	Capital appropriations		2,791,175
21	Capital grants & gifts		0
22	Additions to permanent endowments		5,975
23	Other revenues & additions CV=[B24-(B20+...+B22)]	0	1,486,832
24	Total other revenues and additions		4,283,982
25	Total all revenues and other additions CV=[B09+B19+B24]	109,278,927	102,934,622
You may use the space below to provide context for the data you've reported above.

Part C - Expenses and Other Deductions

	Report in whole dollars only
			1	2	3	4	5	6	7	8
Line No.	Description		Total amount	Salaries & wages	Employee fringe benefits	Operation and maintenance of plant	Depreciation	Interest	All other	PY Total Amount
	Expenses and Deductions
01	Instruction								3,808,884	37,173,090
02	Research								51,291	80,907
03	Public service								1,430,893	2,868,863
05	Academic support								2,375,460	12,479,052
06	Student services								2,902,878	13,580,275
07	Institutional support								1,192,024	8,060,986
08	Operation & maintenance of plant (see instructions)		0						4,601,935	10,415,463
10	Scholarships and fellowships expenses, excluding discounts & allowances								8,906,210	6,098,870
11	Auxiliary enterprises								2,600,032	3,717,555
14	Other expenses & deductions CV=[C19-(C01+...+C13)]		7,453,706	46,075	320	0	61,564	1	7,345,746	81,819
19	Total expenses & deductions					0			35,215,353	98,795,418
	Prior year amount		98,795,418	50,539,552	19,667,298		816,507		27,772,061
20	12-month Student FTE from E12 CV=[C20a+C20b]		10,243
	20a	Undergraduates	10,243
	20b	Graduates
21	Total expenses and deductions per student FTE CV=[C19/C20]		10,490
You may use the space below to provide context for the data you've reported above.

Part D - Summary of Changes In Net Assets

Line No.	Description	Current year amount	Prior year amount
01	Total revenues & other additions (from B25)	109,278,927	102,934,622
02	Total expenses & deductions (from C19)	107,449,761	98,795,418
03	Change in net assets during year CV=(D01-D02)	1,829,166	4,139,204
04	Net assets beginning of year		40,261,734
05	Adjustments to beginning net assets and other gains or losses CV=[D06-(D03+D04)]	0	0
06	Net assets end of year (from A18)	46,230,104	44,400,938
You may use the space below to provide context for the data you've reported above.

Part E - Scholarships and Fellowships

Line No.	Source	Current year amount	Prior year amount
01	Pell grants (federal)		9,426,251
02	Other federal grants		684,871
03	Grants by state government		163,723
04	Grants by local government		0
05	Institutional grants from restricted resources		1,209,476
06	Institutional grants from unrestricted resources CV=[E07-(E01+...+E05)]	142,914	20,849
07	Total gross scholarships and fellowships		11,505,170
	Discounts and Allowances
08	Discounts & allowances applied to tuition & fees		5,365,786
09	Discounts & allowances applied to sales & services of auxiliary enterprises CV= (E10-E08)	58,903	40,514
10	Total discounts & allowances CV=(E07-E11)	8,124,654	5,406,300
11	Net scholarships and fellowships expenses after deducting discount & allowances (from C10)	8,906,210	6,098,870
You may use the space below to provide context for the data you've reported above.

Part H - Details of Endowment Assets

Line No.	Value of Endowment Assets	Market Value	Prior Year Amounts
	Include not only endowment assets held by the institution, but any assets held by private foundations affiliated with the institution.
01	Value of endowment assets at the beginning of the fiscal year		14,333,636
02	Value of endowment assets at the end of the fiscal year		13,234,594
You may use the space below to provide context for the data you've reported above.

Part J - Revenue Data for Bureau of Census

Source and type		Amount
		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	44,866,037	44,866,037
02	Sales and services	10,380,479		3,052,877
03	Federal grants/contracts (excludes Pell Grants)	2,243,052
	Revenue from the state government:
04	State appropriations, current & capital	36,438,395
05	State grants and contracts	127,919
	Revenue from local governments:
06	Local appropriation, current & capital	0
07	Local government grants/contracts	57,865
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
You may use the space below to provide context for the data you've reported above.

Part K - Expenditure Data for Bureau of Census

Category		Amount
		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	49,901,922		408,864
02	Employee benefits, total	21,440,500		216,647
03	Payment to state retirement funds (maybe included in line 02 above)	3,839,804
04	Current expenditures other than salaries	19,067,650
	Capital outlay:
05	Construction	0
06	Equipment purchases	717,109
07	Land purchases	0
08	Interest on debt outstanding, all funds & activities
09	Scholarships/fellowships	17,030,864	17,030,864
You may use the space below to provide context for the data you've reported above.

Part L - Debt and Assets, page 1

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
You may use the space below to provide context for the data you've reported above.

Part L - Debt and Assets, page 2

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
You may use the space below to provide context for the data you've reported above.

IPEDS collects important information regarding your institution. All data reported in IPEDS survey components become available in the IPEDS Data Center and appear as aggregated data in various Department of Education reports. Additionally, some of the reported data appears specifically for your institution through the College Navigator website and is included in your institution’s Data Feedback Report (DFR). The purpose of this summary is to provide you an opportunity to view some of the data that, when accepted through the IPEDS quality control process, will appear on the College Navigator website and/or your DFR. College Navigator is updated approximately three months after the data collection period closes and Data Feedback Reports will be available through the ExPT and sent to your institution’s CEO in November 2011.

Please review your data for accuracy. If you have questions about the data displayed below after reviewing the data reported on the survey screens, please contact the IPEDS Help Desk at: 1-877-225-2568 or ipedshelp@rti.org.

Core Revenues
Revenue Source Reported values Percent of total core revenues Core revenues per FTE enrollment Tuition and fees $36,800,286 35% $3,593 Government appropriations $36,426,875 34% $3,556 Government grants and contracts $17,318,298 16% $1,691 Private gifts, grants, and contracts $1,741,655 2% $170 Investment income $117,890 0% $12 Other core revenues $13,879,949 13% $1,355 Total core revenues $106,284,953 100% $10,376   Total revenues $109,278,927   $10,669
Core revenues include tuition and fees; government appropriations (federal, state, and local); government grants and contracts; private gifts, grants, and contracts; investment income; other operating and nonoperating sources; and other revenues and additions. Core revenues exclude revenues from auxiliary enterprises (e.g., bookstores, dormitories), hospitals, and independent operations.

Core Expenses
Expense function Reported values Percent of total core expenses Core expenses per FTE enrollment Instruction $44,571,879 43% $4,351 Research $105,031 0% $10 Public service $3,703,833 4% $362 Academic support $14,228,421 14% $1,389 Institutional support $9,539,892 9% $931 Student services $15,271,051 15% $1,491 Other core expenses $16,359,916 16% $1,597 Total core expenses $103,780,023 100% $10,132   Total expenses $107,449,761   $10,490
Core expenses include expenses for instruction, research, public service, academic support, institutional support, student services, operation and maintenance of plant, depreciation, scholarships and fellowships expenses, other expenses, and nonoperating expenses.

Calculated value FTE enrollment 10,243

The full-time equivalent (FTE) enrollment used in this report is the sum of the institution’s FTE undergraduate enrollment and FTE graduate enrollment (as calculated from or reported on the 12-month Enrollment component). FTE is estimated using 12- month instructional activity (credit and/or contact hours). All doctor’s degree students are reported as graduate students.