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		607,115,102
	Noncurrent Assets
31	Depreciable capital assets, net of depreciation		2,459,517,046
04	Other noncurrent assets CV=[A05-A31]	387,786,195	361,544,579
05	Total noncurrent assets		2,821,061,625
06	Total assets CV=(A01+A05)	3,667,110,409	3,428,176,727
	Current Liabilities
07	Long-term debt, current portion		22,221,733
08	Other current liabilities CV=(A09-A07)	367,003,907	320,164,581
09	Total current liabilities		342,386,314
	Noncurrent Liabilities
10	Long-term debt		464,147,866
11	Other noncurrent liabilities CV=(A12-A10)	41,683,573	39,722,463
12	Total noncurrent liabilities		503,870,329
13	Total liabilities CV=(A09+A12)	911,233,441	846,256,643
	Net Assets
14	Invested in capital assets, net of related debt		1,973,147,447
15	Restricted-expendable		409,437,390
16	Restricted-nonexpendable		116,454,737
17	Unrestricted CV=[A18-(A14+A15+A16)]	177,131,216	82,880,510
18	Total net assets CV=(A06-A13)	2,755,876,968	2,581,920,084
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		64,867,369
22	Infrastructure		128,831,346
23	Buildings		2,316,008,444
32	Equipment, including art and library collections		1,220,837,032
27	Construction in progress		126,959,522
	Total for Plant, Property and Equipment CV = (A21+ .. A27)	4,140,122,284	3,857,503,713
28	Accumulated depreciation		1,397,986,667
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			323,113,531
	Grants and contracts - operating
02	Federal operating grants and contracts			526,542,326
03	State operating grants and contracts			24,428,174
04	Local government/private operating grants and contracts		246,656,303	179,420,182
	04a	Local government operating grants and contracts
	04b	Private operating grants and contracts
05	Sales & services of auxiliary enterprises, after deducting discounts & allowances			195,802,458
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)]		90,879,903	252,562,578
09	Total operating revenues			1,501,869,249

Part B - Revenues and Other Additions

Line No.	Source of funds		Current year amount	Prior year amount
	Nonoperating Revenues
10	Federal appropriations			7,201,614
11	State appropriations			436,164,702
12	Local appropriations, education district taxes, & similar support			0
	Grants-nonoperating
13	Federal nonoperating grants			12,757,074
14	State nonoperating grants			0
15	Local government nonoperating grants			0
16	Gifts, including contributions from affiliated organizations			240,163,068
17	Investment income			-42,410,084
18	Other nonoperating revenues CV=[B19-(B10+...+B17)]		39,693,170	345,382
19	Total nonoperating revenues			654,221,756
27	Total operating and nonoperating revenues CV=[B19+B09]		2,320,375,197	2,156,091,005
28	12-month Student FTE from E12 CV=[B28a+B28b]		36,977
	28a	Undergraduates	27,215
	28b	Graduates	9,762
29	Total operating and nonoperating revenues per student FTE CV=[B27/B28]		62,752

Part B - Revenues and Other Additions

Line No.	Source of funds	Current year amount	Prior year amount
	Other Revenues and Additions
20	Capital appropriations		101,287,084
21	Capital grants & gifts		100,920,040
22	Additions to permanent endowments		670,658
23	Other revenues & additions CV=[B24-(B20+...+B22)]	3,116,930	100,469,175
24	Total other revenues and additions		303,346,957
25	Total all revenues and other additions CV=[B09+B19+B24]	2,472,729,313	2,459,437,962
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								42,896,957	457,264,411
02	Research								194,131,070	738,727,829
03	Public service								77,475,895	154,430,869
05	Academic support								21,673,057	144,372,519
06	Student services								29,130,082	85,355,294
07	Institutional support								28,662,122	55,385,094
08	Operation & maintenance of plant (see instructions)		0						73,635,994	150,911,920
10	Scholarships and fellowships expenses, excluding discounts & allowances								62,605,867	46,862,034
11	Auxiliary enterprises								88,806,959	164,059,723
12	Hospital services								0	0
13	Independent operations								0	0
14	Other expenses & deductions CV=[C19-(C01+...+C13)]		133,893,417	31,308,789	16,727,599	0	7,698,735	328,829	77,829,465	49,602,358
19	Total expenses & deductions					0			696,847,468	2,277,086,731
	Prior year amount		2,277,086,731	1,052,863,568	357,384,716		120,391,074		746,447,373
20	12-month Student FTE from E12 CV=[C20a+C20b]		36,977
	20a	Undergraduates	27,215
	20b	Graduates	9,762
21	Total expenses and deductions per student FTE CV=[C19/C20]		62,168
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)	2,472,729,313	2,459,437,962
02	Total expenses & deductions (from C19)	2,298,772,430	2,277,086,731
03	Change in net assets during year CV=(D01-D02)	173,956,883	182,351,231
04	Net assets beginning of year		2,399,568,853
05	Adjustments to beginning net assets and other gains or losses CV=[D06-(D03+D04)]	1	0
06	Net assets end of year (from A18)	2,755,876,968	2,581,920,084
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)		12,704,002
02	Other federal grants		21,337,759
03	Grants by state government		7,156,762
04	Grants by local government		0
05	Institutional grants from restricted resources		36,848,790
06	Institutional grants from unrestricted resources CV=[E07-(E01+...+E05)]	16,814,696	9,575,806
07	Total gross scholarships and fellowships		87,623,119
	Discounts and Allowances
08	Discounts & allowances applied to tuition & fees		35,769,788
09	Discounts & allowances applied to sales & services of auxiliary enterprises CV= (E10-E08)	5,313,825	4,991,297
10	Total discounts & allowances CV=(E07-E11)	42,344,001	40,761,085
11	Net scholarships and fellowships expenses after deducting discount & allowances (from C10)	62,605,867	46,862,034
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		2,026,632,873
02	Value of endowment assets at the end of the fiscal year		1,613,069,474
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	390,735,860	390,735,860
02	Sales and services	369,429,848		209,925,287	0
03	Federal grants/contracts (excludes Pell Grants)	541,638,815
	Revenue from the state government:
04	State appropriations, current & capital	399,110,702
05	State grants and contracts	33,187,948
	Revenue from local governments:
06	Local appropriation, current & capital	0
07	Local government grants/contracts	3,420,408
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	1,070,361,184		56,090,781	0
02	Employee benefits, total	383,482,846		17,291,880	0
03	Payment to state retirement funds (maybe included in line 02 above)	109,604,411
04	Current expenditures other than salaries	559,741,817
	Capital outlay:
05	Construction	303,531,753
06	Equipment purchases	56,765,583
07	Land purchases	0
08	Interest on debt outstanding, all funds & activities
09	Scholarships/fellowships	104,949,868	104,949,868
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 $353,705,684 16% $9,566 Government appropriations $405,015,323 18% $10,953 Government grants and contracts $565,219,706 25% $15,286 Private gifts, grants, and contracts $466,327,775 21% $12,611 Investment income $35,417,613 2% $958 Other core revenues $442,431,750 20% $11,965 Total core revenues $2,268,117,851 100% $61,339   Total revenues $2,472,729,313   $66,872
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 $529,858,617 25% $14,329 Research $862,386,314 41% $23,322 Public service $187,581,581 9% $5,073 Academic support $159,833,541 8% $4,323 Institutional support $67,073,624 3% $1,814 Student services $101,641,956 5% $2,749 Other core expenses $196,499,284 9% $5,314 Total core expenses $2,104,874,917 100% $56,924   Total expenses $2,298,772,430   $62,168
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 36,977

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.