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		11,573,950
	Noncurrent Assets
31	Depreciable capital assets, net of depreciation		94,588,724
04	Other noncurrent assets CV=[A05-A31]	3,538,592	3,207,417
05	Total noncurrent assets		97,796,141
06	Total assets CV=(A01+A05)	116,221,848	109,370,091
	Current Liabilities
07	Long-term debt, current portion		536,852
08	Other current liabilities CV=(A09-A07)	5,915,997	8,825,158
09	Total current liabilities		9,362,010
	Noncurrent Liabilities
10	Long-term debt		18,133,974
11	Other noncurrent liabilities CV=(A12-A10)	346,507	425,784
12	Total noncurrent liabilities		18,559,758
13	Total liabilities CV=(A09+A12)	25,541,539	27,921,768
	Net Assets
14	Invested in capital assets, net of related debt		75,917,899
15	Restricted-expendable		4,787,752
16	Restricted-nonexpendable		742,671
17	Unrestricted CV=[A18-(A14+A15+A16)]	1	1
18	Total net assets CV=(A06-A13)	90,680,309	81,448,323
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		8,171,300
23	Buildings		87,413,506
32	Equipment, including art and library collections		22,514,687
27	Construction in progress		15,171,810
	Total for Plant, Property and Equipment CV = (A21+ .. A27)	147,349,724	134,839,961
28	Accumulated depreciation		40,251,238
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			11,924,925
	Grants and contracts - operating
02	Federal operating grants and contracts			6,500,644
03	State operating grants and contracts			179,101
04	Local government/private operating grants and contracts		898,612	927,765
	04a	Local government operating grants and contracts		65,068
	04b	Private operating grants and contracts		862,697
05	Sales & services of auxiliary enterprises, after deducting discounts & allowances			5,410,840
06	Sales & services of hospitals, after deducting patient contractual allowances			0
26	Sales & services of educational activities			1,746,624
07	Independent operations			0
08	Other sources - operating CV=[B09-(B01+ ....+B07)]		3,836,310	3,048,093
09	Total operating revenues			29,737,992

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			21,206,965
12	Local appropriations, education district taxes, & similar support			0
	Grants-nonoperating
13	Federal nonoperating grants			4,689,180
14	State nonoperating grants			0
15	Local government nonoperating grants			0
16	Gifts, including contributions from affiliated organizations			557,858
17	Investment income			265,115
18	Other nonoperating revenues CV=[B19-(B10+...+B17)]		1	0
19	Total nonoperating revenues			26,719,118
27	Total operating and nonoperating revenues CV=[B19+B09]		55,947,236	56,457,110
28	12-month Student FTE from E12 CV=[B28a+B28b]		2,449
	28a	Undergraduates	2,316
	28b	Graduates	133
29	Total operating and nonoperating revenues per student FTE CV=[B27/B28]		22,845

Part B - Revenues and Other Additions

Line No.	Source of funds	Current year amount	Prior year amount
	Other Revenues and Additions
20	Capital appropriations		11,638,686
21	Capital grants & gifts		415,051
22	Additions to permanent endowments		0
23	Other revenues & additions CV=[B24-(B20+...+B22)]	3,285,442	0
24	Total other revenues and additions		12,053,737
25	Total all revenues and other additions CV=[B09+B19+B24]	66,157,557	68,510,847
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								1,300,422	17,246,461
02	Research								2,026,683	5,446,855
03	Public service								333,138	1,505,879
05	Academic support								570,311	4,801,910
06	Student services								2,235,342	9,270,555
07	Institutional support								869,621	5,396,033
08	Operation & maintenance of plant (see instructions)		0						4,256,594	0
10	Scholarships and fellowships expenses, excluding discounts & allowances								1,500,425	1,420,952
11	Auxiliary enterprises								5,240,932	7,500,572
12	Hospital services								0	0
13	Independent operations								0	0
14	Other expenses & deductions CV=[C19-(C01+...+C13)]		141,803	11,035	0	0	7,571	0	123,197	4,413,601
19	Total expenses & deductions					0			18,456,665	57,002,818
	Prior year amount		57,002,818	22,220,937	10,100,339		2,561,985	663,971	21,455,586
20	12-month Student FTE from E12 CV=[C20a+C20b]		2,449
	20a	Undergraduates	2,316
	20b	Graduates	133
21	Total expenses and deductions per student FTE CV=[C19/C20]		23,244
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)	66,157,557	68,510,847
02	Total expenses & deductions (from C19)	56,925,570	57,002,818
03	Change in net assets during year CV=(D01-D02)	9,231,987	11,508,029
04	Net assets beginning of year		69,940,294
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)	90,680,309	81,448,323
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)		4,689,180
02	Other federal grants		305,658
03	Grants by state government		210,384
04	Grants by local government		0
05	Institutional grants from restricted resources		133,828
06	Institutional grants from unrestricted resources CV=[E07-(E01+...+E05)]	106,214	20,739
07	Total gross scholarships and fellowships		5,359,789
	Discounts and Allowances
08	Discounts & allowances applied to tuition & fees		3,372,495
09	Discounts & allowances applied to sales & services of auxiliary enterprises CV= (E10-E08)	667,106	566,342
10	Total discounts & allowances CV=(E07-E11)	4,392,705	3,938,837
11	Net scholarships and fellowships expenses after deducting discount & allowances (from C10)	1,500,425	1,420,952
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		8,773,862
02	Value of endowment assets at the end of the fiscal year		8,918,076
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	14,751,970	14,751,970
02	Sales and services	8,082,577		6,314,563	0
03	Federal grants/contracts (excludes Pell Grants)	4,708,576
	Revenue from the state government:
04	State appropriations, current & capital	21,958,121
05	State grants and contracts	71,937
	Revenue from local governments:
06	Local appropriation, current & capital	0
07	Local government grants/contracts	195,590
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	23,378,964		1,230,720	0
02	Employee benefits, total	11,149,389		514,265	0
03	Payment to state retirement funds (maybe included in line 02 above)	2,725,506
04	Current expenditures other than salaries	16,779,892
	Capital outlay:
05	Construction	11,404,542
06	Equipment purchases	973,542
07	Land purchases	0
08	Interest on debt outstanding, all funds & activities
09	Scholarships/fellowships	5,893,130	5,893,130
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 $11,026,371 18% $4,502 Government appropriations $21,958,121 36% $8,966 Government grants and contracts $10,173,280 17% $4,154 Private gifts, grants, and contracts $1,115,122 2% $455 Investment income $422,560 1% $173 Other core revenues $15,814,646 26% $6,458 Total core revenues $60,510,100 100% $24,708   Total revenues $66,157,557   $27,014
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 $19,332,095 40% $7,894 Research $4,161,412 9% $1,699 Public service $1,695,987 4% $693 Academic support $4,748,793 10% $1,939 Institutional support $6,053,000 13% $2,472 Student services $10,611,332 22% $4,333 Other core expenses $1,642,228 3% $671 Total core expenses $48,244,847 100% $19,700   Total expenses $56,925,570   $23,244
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 2,449

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.