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		29,708,119
	Noncurrent Assets
31	Depreciable capital assets, net of depreciation		111,703,501
04	Other noncurrent assets CV=[A05-A31]	2,881,304	2,864,357
05	Total noncurrent assets		114,567,858
06	Total assets CV=(A01+A05)	151,586,669	144,275,977
	Current Liabilities
07	Long-term debt, current portion		2,294,839
08	Other current liabilities CV=(A09-A07)	7,803,500	9,067,229
09	Total current liabilities		11,362,068
	Noncurrent Liabilities
10	Long-term debt		51,428,494
11	Other noncurrent liabilities CV=(A12-A10)	495,094	495,959
12	Total noncurrent liabilities		51,924,453
13	Total liabilities CV=(A09+A12)	59,781,495	63,286,521
	Net Assets
14	Invested in capital assets, net of related debt		57,980,169
15	Restricted-expendable		16,731,085
16	Restricted-nonexpendable		516,936
17	Unrestricted CV=[A18-(A14+A15+A16)]	8,183,856	5,761,266
18	Total net assets CV=(A06-A13)	91,805,174	80,989,456
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		2,174,079
22	Infrastructure		8,904,719
23	Buildings		107,813,642
32	Equipment, including art and library collections		39,730,898
27	Construction in progress		5,688,352
	Total for Plant, Property and Equipment CV = (A21+ .. A27)	174,484,933	164,311,690
28	Accumulated depreciation		52,608,189
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			18,142,125
	Grants and contracts - operating
02	Federal operating grants and contracts			1,080,238
03	State operating grants and contracts			900,292
04	Local government/private operating grants and contracts		742,949	1,327,602
	04a	Local government operating grants and contracts
	04b	Private operating grants and contracts
05	Sales & services of auxiliary enterprises, after deducting discounts & allowances			5,552,523
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)]		6,159,143	8,448,977
09	Total operating revenues			35,451,757

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			24,782,094
12	Local appropriations, education district taxes, & similar support			0
	Grants-nonoperating
13	Federal nonoperating grants			5,351,485
14	State nonoperating grants			0
15	Local government nonoperating grants			0
16	Gifts, including contributions from affiliated organizations			391,838
17	Investment income			3,502
18	Other nonoperating revenues CV=[B19-(B10+...+B17)]		121,044	0
19	Total nonoperating revenues			30,528,919
27	Total operating and nonoperating revenues CV=[B19+B09]		72,272,189	65,980,676
28	12-month Student FTE from E12 CV=[B28a+B28b]		4,260
	28a	Undergraduates	4,170
	28b	Graduates	90
29	Total operating and nonoperating revenues per student FTE CV=[B27/B28]		16,965

Part B - Revenues and Other Additions

Line No.	Source of funds	Current year amount	Prior year amount
	Other Revenues and Additions
20	Capital appropriations		5,107,167
21	Capital grants & gifts		75,000
22	Additions to permanent endowments		23,038
23	Other revenues & additions CV=[B24-(B20+...+B22)]	0	74,499
24	Total other revenues and additions		5,279,704
25	Total all revenues and other additions CV=[B09+B19+B24]	86,324,687	71,260,380
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								1,523,309	20,407,656
02	Research								101,392	424,670
03	Public service								969,159	3,265,099
05	Academic support								1,929,097	6,244,240
06	Student services								2,827,326	10,452,484
07	Institutional support								786,493	4,931,540
08	Operation & maintenance of plant (see instructions)		0						4,155,944	7,167,371
10	Scholarships and fellowships expenses, excluding discounts & allowances								6,411,825	3,118,714
11	Auxiliary enterprises								4,124,754	4,793,510
12	Hospital services								0	0
13	Independent operations								0	0
14	Other expenses & deductions CV=[C19-(C01+...+C13)]		4,690,701	0	0	0	270,961	0	4,419,740	0
19	Total expenses & deductions					0			27,249,039	66,352,545
	Prior year amount		66,352,545	29,891,937	12,642,974		3,043,725		20,773,909
20	12-month Student FTE from E12 CV=[C20a+C20b]		4,260
	20a	Undergraduates	4,170
	20b	Graduates	90
21	Total expenses and deductions per student FTE CV=[C19/C20]		17,725
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)	86,324,687	71,260,380
02	Total expenses & deductions (from C19)	75,508,969	66,352,545
03	Change in net assets during year CV=(D01-D02)	10,815,718	4,907,835
04	Net assets beginning of year		76,081,621
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)	91,805,174	80,989,456
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)		5,351,485
02	Other federal grants		593,145
03	Grants by state government		559,933
04	Grants by local government		0
05	Institutional grants from restricted resources		415,820
06	Institutional grants from unrestricted resources CV=[E07-(E01+...+E05)]	32,787	17,378
07	Total gross scholarships and fellowships		6,937,761
	Discounts and Allowances
08	Discounts & allowances applied to tuition & fees		3,318,266
09	Discounts & allowances applied to sales & services of auxiliary enterprises CV= (E10-E08)	468,618	500,781
10	Total discounts & allowances CV=(E07-E11)	3,491,629	3,819,047
11	Net scholarships and fellowships expenses after deducting discount & allowances (from C10)	6,411,825	3,118,714
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		3,693,450
02	Value of endowment assets at the end of the fiscal year		3,554,212
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	23,359,343	23,359,343
02	Sales and services	9,044,416		6,514,675	0
03	Federal grants/contracts (excludes Pell Grants)	2,341,688
	Revenue from the state government:
04	State appropriations, current & capital	25,073,409
05	State grants and contracts	368,543
	Revenue from local governments:
06	Local appropriation, current & capital	0
07	Local government grants/contracts	1,477
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	28,986,491		622,365	0
02	Employee benefits, total	13,167,931		283,534	0
03	Payment to state retirement funds (maybe included in line 02 above)	3,345,421
04	Current expenditures other than salaries	16,415,291
	Capital outlay:
05	Construction	10,806,247
06	Equipment purchases	281,376
07	Land purchases	0
08	Interest on debt outstanding, all funds & activities
09	Scholarships/fellowships	9,903,454	9,903,454
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 $20,336,332 25% $4,774 Government appropriations $25,073,409 31% $5,886 Government grants and contracts $10,762,076 13% $2,526 Private gifts, grants, and contracts $1,062,073 1% $249 Investment income $182,314 0% $43 Other core revenues $22,862,426 28% $5,367 Total core revenues $80,278,630 100% $18,845   Total revenues $86,324,687   $20,264
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 $24,594,122 37% $5,773 Research $556,482 1% $131 Public service $3,212,940 5% $754 Academic support $8,087,946 12% $1,899 Institutional support $6,741,104 10% $1,582 Student services $12,854,210 19% $3,017 Other core expenses $11,102,526 17% $2,606 Total core expenses $67,149,330 100% $15,763   Total expenses $75,508,969   $17,725
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 4,260

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.