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		70,254,563
	Noncurrent Assets
31	Depreciable capital assets, net of depreciation		148,582,484
04	Other noncurrent assets CV=[A05-A31]	11,767,964	12,215,941
05	Total noncurrent assets		160,798,425
06	Total assets CV=(A01+A05)	264,436,525	231,052,988
	Current Liabilities
07	Long-term debt, current portion		2,058,990
08	Other current liabilities CV=(A09-A07)	14,185,471	16,792,184
09	Total current liabilities		18,851,174
	Noncurrent Liabilities
10	Long-term debt		32,298,783
11	Other noncurrent liabilities CV=(A12-A10)	1,086,035	987,554
12	Total noncurrent liabilities		33,286,337
13	Total liabilities CV=(A09+A12)	55,843,792	52,137,511
	Net Assets
14	Invested in capital assets, net of related debt		114,224,711
15	Restricted-expendable		28,414,406
16	Restricted-nonexpendable		1,021,709
17	Unrestricted CV=[A18-(A14+A15+A16)]	50,058,840	35,254,651
18	Total net assets CV=(A06-A13)	208,592,733	178,915,477
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		7,815,613
22	Infrastructure		10,177,123
23	Buildings		141,957,555
32	Equipment, including art and library collections		60,038,150
27	Construction in progress		5,343,954
	Total for Plant, Property and Equipment CV = (A21+ .. A27)	250,818,018	225,332,395
28	Accumulated depreciation		76,749,911
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

Line No.	Source of Funds		Current year amount	Prior year amount
	Operating Revenues
01	Tuition & fees, after deducting discounts & allowances			48,785,245
	Grants and contracts - operating
02	Federal operating grants and contracts			3,623,406
03	State operating grants and contracts			1,012,270
04	Local government/private operating grants and contracts		3,364,771	3,029,703
	04a	Local government operating grants and contracts
	04b	Private operating grants and contracts
05	Sales & services of auxiliary enterprises, after deducting discounts & allowances			18,339,770
06	Sales & services of hospitals, after deducting patient contractual allowances			0
26	Sales & services of educational activities
07	Independent operations			0
08	Other sources - operating CV=[B09-(B01+ ....+B07)]		10,475,911	19,131,074
09	Total operating revenues			93,921,468

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			35,377,616
12	Local appropriations, education district taxes, & similar support			0
	Grants-nonoperating
13	Federal nonoperating grants			5,013,881
14	State nonoperating grants			0
15	Local government nonoperating grants			0
16	Gifts, including contributions from affiliated organizations			3,928
17	Investment income			363,187
18	Other nonoperating revenues CV=[B19-(B10+...+B17)]		1	0
19	Total nonoperating revenues			40,758,612
27	Total operating and nonoperating revenues CV=[B19+B09]		146,104,201	134,680,080
28	12-month Student FTE from E12 CV=[B28a+B28b]		9,460
	28a	Undergraduates	8,595
	28b	Graduates	865
29	Total operating and nonoperating revenues per student FTE CV=[B27/B28]		15,444

Part B - Revenues and Other Additions

Line No.	Source of funds	Current year amount	Prior year amount
	Other Revenues and Additions
20	Capital appropriations		0
21	Capital grants & gifts		11,797,738
22	Additions to permanent endowments		0
23	Other revenues & additions CV=[B24-(B20+...+B22)]	0	0
24	Total other revenues and additions		11,797,738
25	Total all revenues and other additions CV=[B09+B19+B24]	168,529,683	146,477,818
You may use the space below to provide context for the data you've reported above.

Part C - Expenses and Other Deductions

			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								8,981,497	49,117,496
02	Research								1,063,562	2,639,501
03	Public service								1,231,231	3,931,498
05	Academic support								3,537,456	14,172,388
06	Student services								5,012,489	14,697,877
07	Institutional support								23,526	6,312,600
08	Operation & maintenance of plant (see instructions)		0						3,034,199	9,719,723
10	Scholarships and fellowships expenses, excluding discounts & allowances								1,897,022	738,312
11	Auxiliary enterprises								8,644,678	16,060,752
12	Hospital services								0	0
13	Independent operations								0	0
14	Other expenses & deductions CV=[C19-(C01+...+C13)]		17,873,775	0	0	0	652,225	0	17,221,550	194,178
19	Total expenses & deductions					0			50,647,210	129,042,090
	Prior year amount		129,042,090	57,928,821	22,791,323		4,501,277		43,820,669
20	12-month Student FTE from E12 CV=[C20a+C20b]		9,460
	20a	Undergraduates	8,595
	20b	Graduates	865
21	Total expenses and deductions per student FTE CV=[C19/C20]		14,678
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)	168,529,683	146,477,818
02	Total expenses & deductions (from C19)	138,852,427	129,042,090
03	Change in net assets during year CV=(D01-D02)	29,677,256	17,435,728
04	Net assets beginning of year		161,479,749
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)	208,592,733	178,915,477
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)		5,013,880
02	Other federal grants		904,677
03	Grants by state government		864,879
04	Grants by local government		0
05	Institutional grants from restricted resources		298,704
06	Institutional grants from unrestricted resources CV=[E07-(E01+...+E05)]	446,928	251,540
07	Total gross scholarships and fellowships		7,333,680
	Discounts and Allowances
08	Discounts & allowances applied to tuition & fees		5,332,903
09	Discounts & allowances applied to sales & services of auxiliary enterprises CV= (E10-E08)	1,523,785	1,262,465
10	Total discounts & allowances CV=(E07-E11)	8,431,387	6,595,368
11	Net scholarships and fellowships expenses after deducting discount & allowances (from C10)	1,897,022	738,312
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		16,162,523
02	Value of endowment assets at the end of the fiscal year		13,348,893
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	61,729,067	61,729,067
02	Sales and services	28,352,269		18,485,705	0
03	Federal grants/contracts (excludes Pell Grants)	4,154,337
	Revenue from the state government:
04	State appropriations, current & capital	38,383,877
05	State grants and contracts	653,584
	Revenue from local governments:
06	Local appropriation, current & capital	0
07	Local government grants/contracts	121,741
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	57,832,705		2,533,527	0
02	Employee benefits, total	24,016,149		999,908	0
03	Payment to state retirement funds (maybe included in line 02 above)	4,917,281
04	Current expenditures other than salaries	31,445,554
	Capital outlay:
05	Construction	23,193,753
06	Equipment purchases	2,385,812
07	Land purchases	0
08	Interest on debt outstanding, all funds & activities
09	Scholarships/fellowships	10,328,409	10,328,409
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 $54,821,465 36% $5,795 Government appropriations $38,383,877 25% $4,057 Government grants and contracts $12,050,535 8% $1,274 Private gifts, grants, and contracts $3,243,030 2% $343 Investment income $300,898 0% $32 Other core revenues $42,767,958 28% $4,521 Total core revenues $151,567,763 100% $16,022   Total revenues $168,529,683   $17,815
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 $56,591,619 45% $5,982 Research $3,243,455 3% $343 Public service $4,156,873 3% $439 Academic support $14,581,954 12% $1,541 Institutional support $7,636,028 6% $807 Student services $18,440,733 15% $1,949 Other core expenses $19,770,797 16% $2,090 Total core expenses $124,421,459 100% $13,152   Total expenses $138,852,427   $14,678
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 9,460

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.