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, 2011.)
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		36,387,596
	Noncurrent Assets
31	Depreciable capital assets, net of depreciation		31,378,920
04	Other noncurrent assets CV=[A05-A31]	7,911,591	6,156,220
05	Total noncurrent assets		37,535,140
06	Total assets CV=(A01+A05)	77,611,520	73,922,736
	Current Liabilities
07	Long-term debt, current portion		156,151
08	Other current liabilities CV=(A09-A07)	15,149,120	21,020,709
09	Total current liabilities		21,176,860
	Noncurrent Liabilities
10	Long-term debt		4,029,930
11	Other noncurrent liabilities CV=(A12-A10)	2,887,580	3,059,466
12	Total noncurrent liabilities		7,089,396
13	Total liabilities CV=(A09+A12)	22,509,059	28,266,256
	Net Assets
14	Invested in capital assets, net of related debt		27,192,838
15	Restricted-expendable		15,836,747
16	Restricted-nonexpendable		3,310
17	Unrestricted CV=[A18-(A14+A15+A16)]	10,695,967	2,623,585
18	Total net assets CV=(A06-A13)	55,102,461	45,656,480
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		418,983
22	Infrastructure		3,447,330
23	Buildings		40,296,730
32	Equipment, including art and library collections		20,472,028
27	Construction in progress		2,210,125
	Total for Plant, Property and Equipment CV = (A21+ .. A27)	67,814,230	66,845,196
28	Accumulated depreciation		35,466,277
33	Intangible assets, net of accumulated amortization		0
34	Other capital assets		0
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			33,248
	Grants and contracts - operating
02	Federal operating grants and contracts			7,472,624
03	State operating grants and contracts			13,469,116
04	Local government/private operating grants and contracts		18,146,643	11,924,433
	04a	Local government operating grants and contracts		8,154,956
	04b	Private operating grants and contracts		3,769,477
05	Sales & services of auxiliary enterprises, after deducting discounts & allowances			0
26	Sales & services of educational activities			10,435,634
08	Other sources - operating (CV) CV=[B09-(B01+ ....+B07)]		84,716	89,573
09	Total operating revenues			43,424,628

Part B - Revenues and Other Additions

Line No.	Source of funds		Current year amount	Prior year amount
	Nonoperating Revenues
10	Federal appropriations			7,303,129
11	State appropriations			57,149,408
12	Local appropriations, education district taxes, & similar support			0
	Grants-nonoperating
13	Federal nonoperating grants			0
14	State nonoperating grants			0
15	Local government nonoperating grants			0
16	Gifts, including contributions from affiliated organizations			2,871,283
17	Investment income			1,139,596
18	Other nonoperating revenues CV=[B19-(B10+...+B17)]		1,539,884	275,055
19	Total nonoperating revenues			68,738,471
27	Total operating and nonoperating revenues CV=[B19+B09]		132,651,045	112,163,099
28	12-month Student FTE from E12 CV=[B28a+B28b]
	28a	Undergraduates
	28b	Graduates
29	Total operating and nonoperating revenues per student FTE CV=[B27/B28]

Part B - Revenues and Other Additions

Line No.	Source of funds	Current year amount	Prior year amount
	Other Revenues and Additions
20	Capital appropriations		513,684
21	Capital grants & gifts		0
22	Additions to permanent endowments		0
23	Other revenues & additions CV=[B24-(B20+...+B22)]	0	0
24	Total other revenues and additions		513,684
25	Total all revenues and other additions CV=[B09+B19+B24]	136,135,294	112,676,783
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								47,635	64,767
02	Research								3,475	0
03	Public service								16,664,185	80,520,444
05	Academic support								5,846,284	21,083,697
06	Student services								362,283	1,440,091
07	Institutional support								703,192	6,404,863
08	Operation & maintenance of plant (see instructions)		0						1,165,842	0
10	Scholarships and fellowships expenses, excluding discounts & allowances								0	0
11	Auxiliary enterprises								0	0
14	Other expenses & deductions CV=[C19-(C01+...+C13)]		11,857,086	0	0	0	247,917	0	11,609,169	10,636,232
19	Total expenses & deductions					0			36,402,065	120,150,094
	Prior year amount		120,150,094	58,041,015	26,528,949		2,160,352	96,199	33,323,579
20	12-month Student FTE from E12 CV=[C20a+C20b]
	20a	Undergraduates
	20b	Graduates
21	Total expenses and deductions per student FTE CV=[C19/C20]
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)	136,135,294	112,676,783
02	Total expenses & deductions (from C19)	126,689,314	120,150,094
03	Change in net assets during year CV=(D01-D02)	9,445,980	-7,473,311
04	Net assets beginning of year		53,129,792
05	Adjustments to beginning net assets and other gains or losses CV=[D06-(D03+D04)]	1	-1
06	Net assets end of year (from A18)	55,102,461	45,656,480
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		8,307,305
02	Value of endowment assets at the end of the fiscal year		9,454,547
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	2,393,381	2,393,381
02	Sales and services	11,803,090		0
03	Federal grants/contracts (excludes Pell Grants)	9,970,465
	Revenue from the state government:
04	State appropriations, current & capital	62,652,947
05	State grants and contracts	14,007,345
	Revenue from local governments:
06	Local appropriation, current & capital	0
07	Local government grants/contracts	8,802,782
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	58,863,303		0
02	Employee benefits, total	28,543,251		0
03	Payment to state retirement funds (maybe included in line 02 above)	7,367,288
04	Current expenditures other than salaries	24,305,385
	Capital outlay:
05	Construction	878,785
06	Equipment purchases	4,084,783
07	Land purchases	0
08	Interest on debt outstanding, all funds & activities
09	Scholarships/fellowships
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 2012.

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 $2,393,381 2% N/A Government appropriations $71,730,159 53% N/A Government grants and contracts $31,349,081 23% N/A Private gifts, grants, and contracts $11,836,532 9% N/A Investment income $1,914,202 1% N/A Other core revenues $16,911,939 12% N/A Total core revenues $136,135,294 100% N/A   Total revenues $136,135,294   N/A
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 $205,439 0% N/A Research $3,610 0% N/A Public service $84,335,874 67% N/A Academic support $22,727,976 18% N/A Institutional support $6,381,015 5% N/A Student services $1,178,314 1% N/A Other core expenses $11,857,086 9% N/A Total core expenses $126,689,314 100% N/A   Total expenses $126,689,314   N/A
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

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.