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		30,554,463
	Noncurrent Assets
31	Depreciable capital assets, net of depreciation		118,150,902
04	Other noncurrent assets CV=[A05-A31]	3,024,223	2,881,304
05	Total noncurrent assets		121,032,206
06	Total assets CV=(A01+A05)	162,080,657	151,586,669
	Current Liabilities
07	Long-term debt, current portion		2,417,653
08	Other current liabilities CV=(A09-A07)	7,415,617	7,803,500
09	Total current liabilities		10,221,153
	Noncurrent Liabilities
10	Long-term debt		49,065,248
11	Other noncurrent liabilities CV=(A12-A10)	563,756	495,094
12	Total noncurrent liabilities		49,560,342
13	Total liabilities CV=(A09+A12)	59,945,249	59,781,495
	Net Assets
14	Invested in capital assets, net of related debt		66,668,000
15	Restricted-expendable		16,391,787
16	Restricted-nonexpendable		561,531
17	Unrestricted CV=[A18-(A14+A15+A16)]	7,477,270	8,183,856
18	Total net assets CV=(A06-A13)	102,135,408	91,805,174
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		2,159,079
22	Infrastructure		12,296,072
23	Buildings		110,036,594
32	Equipment, including art and library collections		39,112,893
27	Construction in progress		10,880,295
	Total for Plant, Property and Equipment CV = (A21+ .. A27)	196,702,434	174,484,933
28	Accumulated depreciation		56,334,030
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			20,336,332
	Grants and contracts - operating
02	Federal operating grants and contracts			2,201,587
03	State operating grants and contracts			368,543
04	Local government/private operating grants and contracts		1,170,573	742,949
	04a	Local government operating grants and contracts		1,477
	04b	Private operating grants and contracts		741,472
05	Sales & services of auxiliary enterprises, after deducting discounts & allowances			6,046,057
06	Sales & services of hospitals, after deducting patient contractual allowances			0
26	Sales & services of educational activities			2,529,741
07	Independent operations			0
08	Other sources - operating CV=[B09-(B01+ ....+B07)]		5,990,707	6,159,143
09	Total operating revenues			38,384,352

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			25,073,409
12	Local appropriations, education district taxes, & similar support			0
	Grants-nonoperating
13	Federal nonoperating grants			8,190,469
14	State nonoperating grants			0
15	Local government nonoperating grants			0
16	Gifts, including contributions from affiliated organizations			320,601
17	Investment income			182,314
18	Other nonoperating revenues CV=[B19-(B10+...+B17)]		1,666,929	121,044
19	Total nonoperating revenues			33,887,837
27	Total operating and nonoperating revenues CV=[B19+B09]		74,294,376	72,272,189
28	12-month Student FTE from E12 CV=[B28a+B28b]		4,140
	28a	Undergraduates	4,063
	28b	Graduates	77
29	Total operating and nonoperating revenues per student FTE CV=[B27/B28]		17,946

Part B - Revenues and Other Additions

Line No.	Source of funds	Current year amount	Prior year amount
	Other Revenues and Additions
20	Capital appropriations		13,872,888
21	Capital grants & gifts		169,685
22	Additions to permanent endowments		9,925
23	Other revenues & additions CV=[B24-(B20+...+B22)]	0	0
24	Total other revenues and additions		14,052,498
25	Total all revenues and other additions CV=[B09+B19+B24]	87,924,717	86,324,687
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								1,376,434	24,594,122
02	Research								144,219	556,482
03	Public service								1,118,701	3,212,940
05	Academic support								1,856,696	8,087,946
06	Student services								2,987,434	12,854,210
07	Institutional support								666,974	6,741,104
08	Operation & maintenance of plant (see instructions)		0						4,727,579	0
10	Scholarships and fellowships expenses, excluding discounts & allowances								5,586,460	6,411,825
11	Auxiliary enterprises								4,624,823	8,359,639
12	Hospital services								0	0
13	Independent operations								0	0
14	Other expenses & deductions CV=[C19-(C01+...+C13)]		4,908,600	10,746	0	0	281,418	0	4,616,436	4,690,701
19	Total expenses & deductions					0			27,705,756	75,508,969
	Prior year amount		75,508,969	28,986,491	13,167,932		3,861,818	2,243,689	27,249,039
20	12-month Student FTE from E12 CV=[C20a+C20b]		4,140
	20a	Undergraduates	4,063
	20b	Graduates	77
21	Total expenses and deductions per student FTE CV=[C19/C20]		18,743
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)	87,924,717	86,324,687
02	Total expenses & deductions (from C19)	77,594,482	75,508,969
03	Change in net assets during year CV=(D01-D02)	10,330,235	10,815,718
04	Net assets beginning of year		80,989,456
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)	102,135,408	91,805,174
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)		8,181,169
02	Other federal grants		612,350
03	Grants by state government		735,766
04	Grants by local government		0
05	Institutional grants from restricted resources		341,382
06	Institutional grants from unrestricted resources CV=[E07-(E01+...+E05)]	159,178	32,787
07	Total gross scholarships and fellowships		9,903,454
	Discounts and Allowances
08	Discounts & allowances applied to tuition & fees		3,023,011
09	Discounts & allowances applied to sales & services of auxiliary enterprises CV= (E10-E08)	738,936	468,618
10	Total discounts & allowances CV=(E07-E11)	5,541,334	3,491,629
11	Net scholarships and fellowships expenses after deducting discount & allowances (from C10)	5,586,460	6,411,825
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		3,554,212
02	Value of endowment assets at the end of the fiscal year		3,855,941
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	24,180,185	24,180,185
02	Sales and services	8,729,696		6,488,576	0
03	Federal grants/contracts (excludes Pell Grants)	2,450,284
	Revenue from the state government:
04	State appropriations, current & capital	27,156,253
05	State grants and contracts	245,117
	Revenue from local governments:
06	Local appropriation, current & capital	0
07	Local government grants/contracts	0
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	29,612,139		610,471	0
02	Employee benefits, total	14,136,255		303,392	0
03	Payment to state retirement funds (maybe included in line 02 above)	3,611,335
04	Current expenditures other than salaries	17,516,955
	Capital outlay:
05	Construction	21,645,525
06	Equipment purchases	460,475
07	Land purchases	0
08	Interest on debt outstanding, all funds & activities
09	Scholarships/fellowships	11,127,794	11,127,794
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 $19,377,787 24% $4,681 Government appropriations $27,156,253 33% $6,559 Government grants and contracts $10,312,840 13% $2,491 Private gifts, grants, and contracts $1,590,384 2% $384 Investment income $208,716 0% $50 Other core revenues $23,529,097 29% $5,683 Total core revenues $82,175,077 100% $19,849   Total revenues $87,924,717   $21,238
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 $25,051,337 36% $6,051 Research $433,094 1% $105 Public service $3,406,774 5% $823 Academic support $8,739,959 13% $2,111 Institutional support $6,946,297 10% $1,678 Student services $14,050,607 20% $3,394 Other core expenses $10,495,060 15% $2,535 Total core expenses $69,123,128 100% $16,696   Total expenses $77,594,482   $18,743
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 4,140

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.