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		649,102,233
	Noncurrent Assets
31	Depreciable capital assets, net of depreciation		2,630,221,981
04	Other noncurrent assets CV=[A05-A31]	435,487,573	387,786,195
05	Total noncurrent assets		3,018,008,176
06	Total assets CV=(A01+A05)	3,932,031,318	3,667,110,409
	Current Liabilities
07	Long-term debt, current portion		22,909,477
08	Other current liabilities CV=(A09-A07)	280,146,199	367,003,907
09	Total current liabilities		389,913,384
	Noncurrent Liabilities
10	Long-term debt		479,636,484
11	Other noncurrent liabilities CV=(A12-A10)	40,813,164	41,683,573
12	Total noncurrent liabilities		521,320,057
13	Total liabilities CV=(A09+A12)	963,296,059	911,233,441
	Net Assets
14	Invested in capital assets, net of related debt		2,127,676,021
15	Restricted-expendable		324,874,629
16	Restricted-nonexpendable		126,195,102
17	Unrestricted CV=[A18-(A14+A15+A16)]	220,847,857	177,131,216
18	Total net assets CV=(A06-A13)	2,968,735,259	2,755,876,968
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		170,716,956
23	Buildings		2,344,419,759
32	Equipment, including art and library collections		1,277,317,624
27	Construction in progress		282,800,576
	Total for Plant, Property and Equipment CV = (A21+ .. A27)	4,459,975,697	4,140,122,284
28	Accumulated depreciation		1,509,900,304
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

Line No.	Source of Funds		Current year amount	Prior year amount
	Operating Revenues
01	Tuition & fees, after deducting discounts & allowances			353,705,684
	Grants and contracts - operating
02	Federal operating grants and contracts			510,478,146
03	State operating grants and contracts			33,021,015
04	Local government/private operating grants and contracts		257,816,267	246,656,303
	04a	Local government operating grants and contracts		3,199,787
	04b	Private operating grants and contracts		243,456,516
05	Sales & services of auxiliary enterprises, after deducting discounts & allowances			204,611,462
06	Sales & services of hospitals, after deducting patient contractual allowances			0
26	Sales & services of educational activities			159,504,561
07	Independent operations			0
08	Other sources - operating CV=[B09-(B01+ ....+B07)]		119,330,877	90,879,903
09	Total operating revenues			1,598,857,074

Part B - Revenues and Other Additions

Line No.	Source of funds		Current year amount	Prior year amount
	Nonoperating Revenues
10	Federal appropriations			5,904,621
11	State appropriations			399,110,702
12	Local appropriations, education district taxes, & similar support			0
	Grants-nonoperating
13	Federal nonoperating grants			18,520,758
14	State nonoperating grants			0
15	Local government nonoperating grants			0
16	Gifts, including contributions from affiliated organizations			222,871,259
17	Investment income			35,417,613
18	Other nonoperating revenues CV=[B19-(B10+...+B17)]		58,191,662	39,693,170
19	Total nonoperating revenues			721,518,123
27	Total operating and nonoperating revenues CV=[B19+B09]		2,439,645,293	2,320,375,197
28	12-month Student FTE from E12 CV=[B28a+B28b]		37,469
	28a	Undergraduates	27,509
	28b	Graduates	9,960
29	Total operating and nonoperating revenues per student FTE CV=[B27/B28]		65,111

Part B - Revenues and Other Additions

Line No.	Source of funds	Current year amount	Prior year amount
	Other Revenues and Additions
20	Capital appropriations		51,851,661
21	Capital grants & gifts		96,873,020
22	Additions to permanent endowments		512,505
23	Other revenues & additions CV=[B24-(B20+...+B22)]	0	3,116,930
24	Total other revenues and additions		152,354,116
25	Total all revenues and other additions CV=[B09+B19+B24]	2,566,490,670	2,472,729,313
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								34,004,010	529,858,617
02	Research								204,721,909	862,386,314
03	Public service								64,496,044	187,581,581
05	Academic support								22,416,859	159,833,541
06	Student services								28,769,365	101,641,956
07	Institutional support								29,962,890	67,073,624
08	Operation & maintenance of plant (see instructions)		0						84,391,419	0
10	Scholarships and fellowships expenses, excluding discounts & allowances								66,970,888	62,605,867
11	Auxiliary enterprises								94,428,580	193,897,513
12	Hospital services								0	0
13	Independent operations								0	0
14	Other expenses & deductions CV=[C19-(C01+...+C13)]		113,771,544	32,626,511	17,638,532	0	6,899,250	308,525	56,298,726	133,893,417
19	Total expenses & deductions					0			686,460,690	2,298,772,430
	Prior year amount		2,298,772,430	1,070,361,183	383,482,846		127,720,276	20,360,657	696,847,468
20	12-month Student FTE from E12 CV=[C20a+C20b]		37,469
	20a	Undergraduates	27,509
	20b	Graduates	9,960
21	Total expenses and deductions per student FTE CV=[C19/C20]		62,815
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)	2,566,490,670	2,472,729,313
02	Total expenses & deductions (from C19)	2,353,632,378	2,298,772,430
03	Change in net assets during year CV=(D01-D02)	212,858,292	173,956,883
04	Net assets beginning of year		2,581,920,084
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)	2,968,735,259	2,755,876,968
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)		18,520,758
02	Other federal grants		24,209,016
03	Grants by state government		9,816,454
04	Grants by local government		0
05	Institutional grants from restricted resources		35,588,944
06	Institutional grants from unrestricted resources CV=[E07-(E01+...+E05)]	23,060,810	16,814,696
07	Total gross scholarships and fellowships		104,949,868
	Discounts and Allowances
08	Discounts & allowances applied to tuition & fees		37,030,176
09	Discounts & allowances applied to sales & services of auxiliary enterprises CV= (E10-E08)	6,284,765	5,313,825
10	Total discounts & allowances CV=(E07-E11)	52,212,781	42,344,001
11	Net scholarships and fellowships expenses after deducting discount & allowances (from C10)	66,970,888	62,605,867
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		1,613,069,474
02	Value of endowment assets at the end of the fiscal year		1,807,126,014
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	422,057,991	422,057,991
02	Sales and services	376,939,511		206,751,533	0
03	Federal grants/contracts (excludes Pell Grants)	557,217,766
	Revenue from the state government:
04	State appropriations, current & capital	420,081,639
05	State grants and contracts	35,081,182
	Revenue from local governments:
06	Local appropriation, current & capital	0
07	Local government grants/contracts	3,379,693
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	1,092,056,359		55,708,318	0
02	Employee benefits, total	410,897,839		18,151,806	0
03	Payment to state retirement funds (maybe included in line 02 above)	120,540,127
04	Current expenditures other than salaries	559,947,344
	Capital outlay:
05	Construction	243,468,827
06	Equipment purchases	76,981,194
07	Land purchases	8,766,386
08	Interest on debt outstanding, all funds & activities
09	Scholarships/fellowships	119,183,669	119,183,669
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 $376,129,975 16% $10,038 Government appropriations $429,314,110 18% $11,458 Government grants and contracts $574,734,311 24% $15,339 Private gifts, grants, and contracts $453,350,885 19% $12,099 Investment income $57,938,728 2% $1,546 Other core revenues $474,555,893 20% $12,665 Total core revenues $2,366,023,902 100% $63,146   Total revenues $2,566,490,670   $68,496
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 $537,277,062 25% $14,339 Research $915,572,823 43% $24,435 Public service $174,455,879 8% $4,656 Academic support $163,822,728 8% $4,372 Institutional support $71,684,490 3% $1,913 Student services $103,748,251 5% $2,769 Other core expenses $180,742,432 8% $4,824 Total core expenses $2,147,303,665 100% $57,309   Total expenses $2,353,632,378   $62,815
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 37,469

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.