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		9,328,325
	Noncurrent Assets
31	Depreciable capital assets, net of depreciation		76,704,003
04	Other noncurrent assets CV=[A05-A31]	3,207,417	3,071,712
05	Total noncurrent assets		79,775,715
06	Total assets CV=(A01+A05)	109,370,091	89,104,040
	Current Liabilities
07	Long-term debt, current portion		493,461
08	Other current liabilities CV=(A09-A07)	8,825,158	6,110,137
09	Total current liabilities		6,603,598
	Noncurrent Liabilities
10	Long-term debt		12,145,857
11	Other noncurrent liabilities CV=(A12-A10)	425,784	414,291
12	Total noncurrent liabilities		12,560,148
13	Total liabilities CV=(A09+A12)	27,921,768	19,163,746
	Net Assets
14	Invested in capital assets, net of related debt		64,064,685
15	Restricted-expendable		4,265,005
16	Restricted-nonexpendable		694,288
17	Unrestricted CV=[A18-(A14+A15+A16)]	1	916,316
18	Total net assets CV=(A06-A13)	81,448,323	69,940,294
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		1,568,658
22	Infrastructure		8,140,873
23	Buildings		67,320,978
32	Equipment, including art and library collections		21,184,936
27	Construction in progress		19,316,479
	Total for Plant, Property and Equipment CV = (A21+ .. A27)	134,839,961	117,531,924
28	Accumulated depreciation		40,827,922
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			11,134,227
	Grants and contracts - operating
02	Federal operating grants and contracts			4,588,283
03	State operating grants and contracts			177,905
04	Local government/private operating grants and contracts		927,765	0
	04a	Local government operating grants and contracts
	04b	Private operating grants and contracts
05	Sales & services of auxiliary enterprises, after deducting discounts & allowances			4,689,132
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)]		3,048,093	4,309,110
09	Total operating revenues			24,898,657

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			18,977,095
12	Local appropriations, education district taxes, & similar support			0
	Grants-nonoperating
13	Federal nonoperating grants			2,915,738
14	State nonoperating grants			0
15	Local government nonoperating grants			0
16	Gifts, including contributions from affiliated organizations			528,990
17	Investment income			-203,443
18	Other nonoperating revenues CV=[B19-(B10+...+B17)]		0	0
19	Total nonoperating revenues			22,218,380
27	Total operating and nonoperating revenues CV=[B19+B09]		56,457,110	47,117,037
28	12-month Student FTE from E12 CV=[B28a+B28b]		2,398
	28a	Undergraduates	2,239
	28b	Graduates	159
29	Total operating and nonoperating revenues per student FTE CV=[B27/B28]		23,543

Part B - Revenues and Other Additions

Line No.	Source of funds	Current year amount	Prior year amount
	Other Revenues and Additions
20	Capital appropriations		8,416,797
21	Capital grants & gifts		1,354,859
22	Additions to permanent endowments		43
23	Other revenues & additions CV=[B24-(B20+...+B22)]	0	50,951
24	Total other revenues and additions		9,822,650
25	Total all revenues and other additions CV=[B09+B19+B24]	68,510,847	56,939,687
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								961,850	13,871,336
02	Research								3,165,304	3,816,109
03	Public service								270,521	1,296,805
05	Academic support								827,720	3,794,139
06	Student services								2,132,666	7,359,841
07	Institutional support								854,440	4,229,811
08	Operation & maintenance of plant (see instructions)		0						3,020,818	4,858,680
10	Scholarships and fellowships expenses, excluding discounts & allowances								1,420,952	961,016
11	Auxiliary enterprises								4,602,740	5,739,351
12	Hospital services								0	0
13	Independent operations								0	0
14	Other expenses & deductions CV=[C19-(C01+...+C13)]		4,413,601	9,127	0	0	205,899	0	4,198,575	59,625
19	Total expenses & deductions					0			21,455,586	50,764,722
	Prior year amount		50,764,722	21,779,071	9,082,532		2,032,182		17,870,937
20	12-month Student FTE from E12 CV=[C20a+C20b]		2,398
	20a	Undergraduates	2,239
	20b	Graduates	159
21	Total expenses and deductions per student FTE CV=[C19/C20]		23,771
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)	68,510,847	56,939,687
02	Total expenses & deductions (from C19)	57,002,818	50,764,722
03	Change in net assets during year CV=(D01-D02)	11,508,029	6,174,965
04	Net assets beginning of year		63,765,329
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)	81,448,323	69,940,294
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)		2,915,738
02	Other federal grants		270,173
03	Grants by state government		139,592
04	Grants by local government		0
05	Institutional grants from restricted resources		173,987
06	Institutional grants from unrestricted resources CV=[E07-(E01+...+E05)]	20,739	15,651
07	Total gross scholarships and fellowships		3,515,141
	Discounts and Allowances
08	Discounts & allowances applied to tuition & fees		2,187,198
09	Discounts & allowances applied to sales & services of auxiliary enterprises CV= (E10-E08)	566,342	366,927
10	Total discounts & allowances CV=(E07-E11)	3,938,837	2,554,125
11	Net scholarships and fellowships expenses after deducting discount & allowances (from C10)	1,420,952	961,016
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		11,234,287
02	Value of endowment assets at the end of the fiscal year		8,773,862
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	15,297,420	15,297,420
02	Sales and services	7,723,806		5,977,182	0
03	Federal grants/contracts (excludes Pell Grants)	6,513,144
	Revenue from the state government:
04	State appropriations, current & capital	21,206,965
05	State grants and contracts	179,101
	Revenue from local governments:
06	Local appropriation, current & capital	0
07	Local government grants/contracts	65,068
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	22,220,937		1,045,435	0
02	Employee benefits, total	10,100,339		427,676	0
03	Payment to state retirement funds (maybe included in line 02 above)	2,445,933
04	Current expenditures other than salaries	15,823,675
	Capital outlay:
05	Construction	19,233,634
06	Equipment purchases	1,419,391
07	Land purchases	0
08	Interest on debt outstanding, all funds & activities
09	Scholarships/fellowships	5,359,789	5,359,789
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 $11,924,925 19% $4,973 Government appropriations $21,206,965 34% $8,844 Government grants and contracts $11,433,993 18% $4,768 Private gifts, grants, and contracts $1,420,555 2% $592 Investment income $265,115 0% $111 Other core revenues $16,848,454 27% $7,026 Total core revenues $63,100,007 100% $26,314   Total revenues $68,510,847   $28,570
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 $17,246,461 35% $7,192 Research $5,446,855 11% $2,271 Public service $1,505,879 3% $628 Academic support $4,801,910 10% $2,002 Institutional support $5,396,033 11% $2,250 Student services $9,270,555 19% $3,866 Other core expenses $5,834,553 12% $2,433 Total core expenses $49,502,246 100% $20,643   Total expenses $57,002,818   $23,771
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 2,398

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.