Institution: UNIVERSITY OF NORTH FLORIDA (136172) Finance - Public institutions Reporting Standard Please indicate which reporting standards are used

Size: px

Start display at page:

Download "Institution: UNIVERSITY OF NORTH FLORIDA (136172) Finance - Public institutions Reporting Standard Please indicate which reporting standards are used"

Blaise Peters
5 years ago
Views:

1 Finance - Public institutions Reporting Standard Please indicate which reporting standards are used to prepare your financial statements: GASB (Governmental Accounting Standard Board), using standards of GASB 34 & 35 GASB (Governmental Accounting Standard Board), using standards prior to GASB 34 FASB (Financial Accounting Standard 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.

2 Finance - Public institutions General Information Finance - Public Institutions To the extent possible, the finance data requested in this report should be provided from your institution's audited General Purpose Financial Statement (GPFS). Please refer to the instructions specific to each page of the survey for detailed instruction 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, 23.) Beginning: month/year (MMYYYY) Month: 7 Year: 22 And ending: month/year (MMYYYY) Month: 6 Year: Audit Opinion Did your institution receive an unqualified opinion on its General Purpose Statement 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.) Yes No Don't know 3. 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. Does this institution or any of its foundations or other affiliated organizations own endowment assets? Yes - (report endowment assets) No 5.Component Units Each discretely presented component unit should be reported in the same manner and amounts as included on the face of the institution s GPFS. There should be one Finance Survey component unit form (Part F or G) completed for each column on the face of the GPFS, whether that column represents a single component unit or a combination of component units. (These component units include affiliated entities as described in GASB statement 39. The provisions of GASB 39 are not required to be implemented until fiscal years beginning after June 15, 23, therefore no information is required on this portion of the survey until the institution implements the revised component unit definitions set forth in this new standard. If your institution has not implemented GASB 39, enter in each of the blanks below.) Number of component unit columns on GPFS using FASB standards 2 Number of component unit columns on GPFS using GASB standards System or Governing Board (please see instructions about reporting System data) Please select the applicable option below: This Finance Survey form is for an institution that is NOT part of a system This Finance Survey form is for an institution that is part of a system Caveats: Name of the system is: State University System of Florida (SUS) This Finance Survey form is for a system (or governing board) office

3 Part A - Statement of Net Assets Line no. Current year amount Prior year amount Current Assets 1 Total Current Assets 99,91,862 86,547,955 Noncurrent Assets 2 Capital assets - depreciable (gross) 184,182, ,247,354 3 Accumulated depreciation (enter as a positive amount) 86,323,629 75,3,693 4 Other noncurrent assets (CV) CV=[A5-(A2-A3)] 43,152,463 29,292,93 5 Total noncurrent assets 141,11,28 125,58,754 6 Total assets (CV) CV=(A1+A5) 24,13, ,56,79 Current Liabilities 7 Long-term debt, current portion 48, ,168 8 Other current liabilities (CV) CV=(A9-A7) 45,893,939 32,82,892 9 Total current liabilities 46,374,35 33,284,6 Noncurrent Liabilities 1 Long-term debt 1,621,826 11,9,13 11 Other noncurrent liabilities (CV) CV=(A12-A1) 8,584,986 8,62, Total noncurrent liabilities 19,26,812 19,611,84 13 Total liabilities (CV) CV=(A9+A12) 65,581,117 52,895,9 Net Assets 14 Invested in capital assets, net of related debt 125,348, ,764, Restricted-expendable 6,91,57 5,424, Restricted-nonexpendable 17 Unrestricted (CV) CV=[A18-(A14+A15+A16)] 43,81,539 41,971, Total Net assets (CV) CV=(A6-A13) 174,522,25 159,16,89 CV= Calculated Value

4 Part A - Plant, Property, and Equipment Line No. Description Plant,Property, and Equipment Beginning balance Additions Retirements (CV) Ending balance 21 Land & land improvements 7,451,526 7,451, Infrastructure 11,455,284 2,988,623 14,443,97 23 Buildings 17,515,867 4,432,31 111,948, Equipment 28,733,674 5,136,89 1,22,816 32,847, Art and library collections 23,542,529 1,4,175 24,942,74 26 Property obtained under capital leases (if not included in equipment) 27 Construction in progress 21,185,333 13,967,972 2,286,24 32,867,65 28 Accumulated depreciation 75,3,693 12,148,69 855,753 86,323,63 CV = (Beginning Balance + Additions - Ending Balance)

5 Part B - Revenues and Other Additions Line No. Source of Funds Current year amount Prior year amount Operating Revenues 1 Tuition & fees, after deducting discounts & allowances 28,258,775 36,254,763 Grants and contracts - operating 2 Federal operating grants and contracts 14,836,71 1,13,691 3 State operating grants and contracts 3,391,984 7,855 4 Local/private operating grants and contracts 1,436,88 5 Sales & services of auxiliary enterprises, after deducting discounts & allowances 8,27,566 5,552,641 6 Sales & services of hospitals, after deducting patient contractual allowances 7 Independent operations 8 Other sources - operating (CV) CV=[B9-(B1+...+B7)] 9,55,45 14,345,166 9 Total operating revenues 65,186,519 66,264,116

6 Part B - Revenues and Other Additions Line No. Source of funds Current year amount Prior year amount Nonoperating Revenues 1 Federal appropriations 11 State appropriations 65,64,98 59,724, Local appropriations, education district taxes, & similar support Grants-nonoperating 13 Federal nonoperating grants 14 State nonoperating grants 15 Local nonoperating grants 16 Gifts, including contributions from affiliated organizations 17 Investment income 2,755,633 1,457,43 18 Other nonoperating revenues (CV) CV=[B19-(B1+...+B17)] -4,442, ,32 19 Total nonoperating revenues 63,953,82 62,26,564

7 Part B - Revenues and Other Additions Line No. Resource of funds Current year amount Prior year amount Other Revenues and Additions 2 Capital appropriations 15,19,75 13,53, Capital grants & gifts 1,294,595 94, Additions to permanent endowments 23 Other revenues & additions (CV) CV=[B24-(B2+...+B22)] 438, Total other revenues and additions 16,313,67 14,432, Total all revenues and other additions (CV) CV=(B9+B19+B24) 145,453, ,723,354 CV = Calculated Value

8 Report in whole dollars only Part C - Expenses and Other Deductions Line No. Description Current year Salaries & Employee fringe Depreciation All other total wages benefits Operating Expenses 1 Instruction 41,724,337 31,145,475 6,498,528 4,8,334 2 Research 4,832,613 2,393,86 34,598 2,134,929 3 Public service 9,23,919 3,156,21 428,699 5,619,199 5 Academic support 1,534,848 7,885,9 1,88, ,474 6 Student services 1,782,4 5,442,227 1,79,35 4,26,472 7 Institutional support 1,695,936 6,766,123 1,958,71 1,971,112 8 Operation & maintenance of plant 8,293,466 2,91, ,597 4,558,292 9 Depreciation 9,43,5 9,43,5 1 Scholarships and fellowships expenses, excluding discounts & allowances 9,584,321 9,584, Auxiliary enterprises 11,463,491 11,463, Hospital services 13 Independent operations 14 Other expenses & deductions (CV) CV=[C15- (C1+...+C13)] 829, , Total operating expenses 126,987,583 59,689,599 12,911,712 9,43,5 45,342,772 Prior year amount 127,571,997 57,965,389 12,19,22 8,79,456 49,336,932

9 Part C - Expenses and Other Deductions Report in whole dollars only Line No. Description Current year total Salaries & wages Depreciation All other Employee fringe benefits Nonoperating Expenses and Deductions 16 Interest 17 Other nonoperating expenses & deductions (CV) CV=(C18-C16) 18 Total nonoperating expenses & deductions (CV) CV=(C19-C15) 5,994,358 5,994,358 5,994,358 5,994, Total expenses & deductions 132,981,941 59,689,599 12,911,712 9,43,5 51,337,13 Prior year amount 128,294,835 57,965,389 12,19,22 8,79,456 5,59,77 CV = Calculated Value

10 Part D - Summary of Changes In Net Assets Line No. Description Current year amount Prior year amount 1 Total revenues & other additions (from B25) 145,453, ,723,354 2 Total expenses & deductions (from C19) 132,981, ,294,835 3 Increase in net assets during year (CV) 12,472,5 14,428,519 CV=(D1-D2) 4 Net assets beginning of year 156,55, ,294,626 5 Adjustments to beginning net assets (CV) 5,994,358-52,562,336 CV=[D6-(D3+D4)] 6 Net assets end of year (from A18) 174,522,25 159,16,89 CV = Calculated Value

11 Part E - Scholarships and Fellowships Part E - Scholarships and Fellowships Line No. Source Current year amount Prior year amount Institutional Expenses and Discounts & Allowances Gross Scholarships and Fellowships (no loans included) 1 Pell grants (federal) 5,534,776 5,131,837 2 Other federal grants 233,14 426,23 3 Grants by state government 1,459,133 1,91,684 4 Grants by local government 5 Institutional grants from restricted resources 8,56,325 7,11,628 6 Institutional grants from unrestricted resources (CV) CV=[E7-(E1+...+E5)] 1,341,845 1,389,972 7 Total gross scholarships and fellowships 17,129,219 15,87,324 Discounts and Allowances 8 Discounts & allowances applied to tuition & fees 6,675, ,558 9 Discounts & allowances applied to sales & services of auxiliary enterprises (CV) CV= (E1-E8) 869,537 14,591 1 Total Discounts & Allowances (CV) CV=(E7-E11) 7,544, , Net scholarships and fellowships expenses after deducting discount & allowances (from C1) 9,584,321 15,88,175 CV = Calculated Value Pell Grants were included in Tuition Discounting

12 Part G - Component Unit that Uses GASB Standards Part G - GASB Component Unit that uses GASB Standards Based on requirements of GASB 39, which are not effective until fiscal year 24 Entities included: Primary nature of unit(s) Foundation, TSI To provide University Support Line No. Statement of Net Assets Current year amount 1 Total current assets 28,8,427 2 Total non-current assets (CV) 95,193,298 CV=(G3-G1) 3 Total Assets 123,21,725 4 Total current liabilities 1,641,37 5 Total noncurrent liabilities (CV) CV=(G6-G4) 47,8,112 6 Total liabilities (CV) CV=(G3-G11) 49,441,482 Net Assets 7 Invested in capital assets, net of related debt 1 8 Restricted-expendable 72,842,889 9 Restricted-nonexpendable 1 1 Unrestricted (CV) CV=[G11-(G7+...+G9)] 917, Total net assets 73,76,243

13 Part G - Component Unit that Uses GASB Standards Part G - GASB Component Unit that uses GASB Standards Line No. Statement of revenues, expenses, and Changes in Net Assets Current year amount 12 Total operating revenues 21,788, Total operating expenses 22,717,175 13a Expenses paid to institution (included in G13) 14 Net operating revenues (Expenses) (CV) CV=(G12-G13) -928, Total nonoperating revenues 4,27, Total nonoperating expenses (CV) CV=[(G14+G15)-G17] 17 Net income before other revenues, expenses, gains, or losses 3,278, Total other additions & deductions (CV) 7,157,12 CV=(G19-G17) 19 Change in net assets 1,435,888 2 Net assets -- beginning of year 63,324, Adjustments to beginning net assets (CV) [G22-(G19+G2)] 22 Net assets -- end of year (from G11) 73,76,243 CV = Calculated value

14 Part G - Component Unit that Uses GASB Standards Part G - GASB Component Unit that uses GASB Standards Based on requirements of GASB 39, which are not effective until fiscal year 24 Entities included: Primary nature of unit(s) Line No. Statement of Net Assets Current year amount 1 Total current assets 2 Total non-current assets (CV) CV=(G3-G1) 3 Total Assets 4 Total current liabilities 5 Total noncurrent liabilities (CV) CV=(G6-G4) 6 Total liabilities (CV) CV=(G3-G11) Net Assets 7 Invested in capital assets, net of related debt 8 Restricted-expendable 9 Restricted-nonexpendable 1 Unrestricted (CV) CV=[G11-(G7+...+G9)] 11 Total net assets

15 Part G - Component Unit that Uses GASB Standards Part G - GASB Component Unit that uses GASB Standards Line No. Statement of revenues, expenses, and Changes in Net Assets Current year amount 12 Total operating revenues 13 Total operating expenses 13a Expenses paid to institution (included in G13) 14 Net operating revenues (Expenses) (CV) CV=(G12-G13) 15 Total nonoperating revenues 16 Total nonoperating expenses (CV) CV=[(G14+G15)-G17] 17 Net income before other revenues, expenses, gains, or losses 18 Total other additions & deductions (CV) CV=(G19-G17) 19 Change in net assets 2 Net assets -- beginning of year 21 Adjustments to beginning net assets (CV) CV=[G22-(G19+G2)] 22 Net assets -- end of year (from G11) CV = Calculated value

16 Part H - Details of Endowment Assets (Optional for current reporting cycle) Line Value of Endowment Assets Market No. Value (2) 1 Value of endowment assets at the beginning of the fiscal year 35,132,756 2 Value of endowment assets at the end of the fiscal year 43,778,717 Prior Year Amounts

17 Part J - Revenue Data for Bureau of Census Part J - Revenues (Census Bureau) Source and type Total for all funds and operations (includes endowment funds, but excludes component units) Education and general/independent operations Amount Auxiliary Hospitals enterprises Agriculture extension/experiment services (1) (2) (3) (4) (5) 1 Tuition and fees 34,934,136 34,934,136 2 Sales and services 3 Federal grants/contracts (excludes Pell Grants) Revenue from the state government: 4 State appropriations, current & capital 5 State grants and contracts Revenue from local governments: 6 Local appropriation, current & capital 7 Local government grants/contracts 8 Receipts from property and nonproperty taxes 9 Gifts and private grants, including capital grants 1 Interest earnings 2,755, Dividend earnings 12 Realized capital gains 9,77,13 9,77,13 14,836,41 9,283,76 5,552,641 81,954,652 81,954,652 3,391,984 3,391,984

18 Part K - Expenditure Data for Bureau of Census Part K - Expenditures Category Amount Total for all funds and Education Auxiliary operations (includes and general/ enterprises endowment funds, but independent excludes component operations units) Hospitals Agriculture extension/ experiment services (1) (2) (3) (4) (5) 1 Salaries and wages 2 Employee benefits, total 3 Payment to state retirement 4,65,619 4,385,144 22,475 funds 4 Current expenditures other than salaries 48,981,734 48,981,734 Capital outlay: 5 Construction 13,313,4 13,313,4 6 Equipment purchases 3,237,12 3,237,12 7 Land purchases 8 Interest on debt outstanding, all funds & activities 589,47 9 Scholarships/fellowships 17,129,219 17,129,219

19 Part L - Debt and Assets, page 1 Part L - Debt and Assets Debt Category Amount 1 Long-term debt outstanding at beginning of fiscal year 11,472,181 2 Long-term debt issued during fiscal year 2,22,5 3 Long-term debt retired during fiscal year 2,572,489 4 Long-term debt outstanding at end of fiscal year 11,12,193 5 Short-term debt outstanding at beginning of fiscal year 6 Short-term debt outstanding at end of fiscal year

20 Part L - Debt and Assets, page 2 Part L - Debt and Assets Assets Category Amount 7 Total cash and security assets held at end of fiscal year in sinking or debt service funds 8 Total cash and security assets held at end of fiscal year in bond funds 9 Total cash and security assets held at end of fiscal year in all other funds 69,286,764

Institution: UNIVERSITY OF NORTH FLORIDA (136172) Finance - Public institutions Reporting Standard Please indicate which reporting standards are used

Institution: UNIVERSITY OF NORTH FLORIDA (136172) Finance - Public institutions Reporting Standard Please indicate which reporting standards are used Finance - Public institutions Reporting Standard Please indicate which reporting standards are used to prepare your financial statements: GASB (Governmental Accounting Standard Board), using standards