- PDF Free Download

Size: px

Start display at page:

Download ""

Augustine Randall
5 years ago
Views:

1 Page 1 of 20 Finance 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 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 Page 2 of 20 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, 2005.) Beginning: month/year (MMYYYY) Month: 7 Year: 2004 And ending: month/year (MMYYYY) Month: 6 Year: 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.) 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. 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 caveats box below) 5. Does this institution or any of its foundations or other affiliated organizations own endowment assets? Yes - (report endowment assets) No 6.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 other than the institution itself, whether that column represents a single component unit or a combination of component units. 1 Number of component unit columns on GPFS using FASB standards 0 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 Caveats: This Finance Survey form is for an institution that is part of a system Name of the system is: The City University of NY This Finance Survey form is for a system (or governing board) office

3 Page 3 of 20 Part A - Statement of Net Assets Report in whole dollars only Line no. Current year amount Prior year amount Current Assets 01 Total Current Assets 45,986,000 49,355,000 Noncurrent Assets 02 Capital assets - depreciable (gross) 5,152,000 4,148, Accumulated depreciation (enter as a positive amount) 4,176,000 4,067, Other noncurrent assets (CV) CV=[A05-(A02-A03)] 43,633,000 35,815, Total noncurrent assets 44,609,000 35,896, Total assets (CV) CV=(A01+A05) 90,595,000 85,251,000 Current Liabilities 07 Long-term debt, current portion Other current liabilities (CV) CV=(A09-A07) 20,625,000 22,186, Total current liabilities 20,625,000 22,186,000 Noncurrent Liabilities 10 Long-term debt Other noncurrent liabilities (CV) CV=(A12-A10) 8,923,000 9,195, Total noncurrent liabilities 8,923,000 9,195, Total liabilities (CV) CV=(A09+A12) 29,548,000 31,381,000 Net Assets 14 Invested in capital assets, net of related debt 976, , Restricted-expendable 41,624,000 38,596, Restricted-nonexpendable 20,338,000 18,720, Unrestricted (CV) CV=[A18-(A14+A15+A16)] -1,891,000-3,629, Total Net assets (CV) CV=(A06-A13) 61,047,000 53,870,000 CV= Calculated Value

4 Page 4 of 20 Part A - Plant, Property, and Equipment Report in whole dollars only Line No. Description Plant,Property, and Equipment Beginning balance Additions Retirements (CV) Ending balance 21 Land & land improvements 133,000 7,457, ,590, Infrastructure 377,108,083 2,595, ,703, Buildings 60,287,523 5,510,511 4,233,057 61,564, Equipment 1,358, ,358, Art and library collections Property obtained under capital leases (if not included in equipment) 65,798,778 41,892,701 11,708,163 95,983, Construction in progress 255,408,614 14,548,067 4,243, ,713, Accumulated depreciation CV = (Beginning Balance + Additions - Ending Balance) The capital asset balances in Part A Statement of Net Assets (line no. 02 capital assets depreciable (gross) and line no.03 accumulated depreciation) do not equal the capital asset balances in Part A: Plant, Property, and Equipment (lines 21-28). This is because the balances for lines 2 and 3 on the Statement of Net Assets are equal to the capital assets recorded by the College while the balances on Part A: Plant, Property, and Equipment (lines 21-28) are equal to the combined capital asset balances recorded by the College and by the Central Office on behalf of the College. The capital assets managed by the Central Office on behalf of the College are recorded in Part A Statement of Net Assets in Institution: CUNY System Office (190035).

5 Page 5 of 20 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 33,697,000 33,318,000 Grants and contracts - operating 02 Federal operating grants and contracts 29,273,489 28,432, State operating grants and contracts 14,308,388 14,449, Local/private operating grants and contracts 20,985,071 29,077, Sales & services of auxiliary enterprises, after deducting discounts & allowances 687, , Sales & services of hospitals, after deducting patient contractual allowances Independent operations Other sources - operating (CV) CV=[B09-(B B07)] 4,441,000 9,611, Total operating revenues 103,391, ,547,559

6 Page 6 of 20 Part B - Revenues and Other Additions Report in whole dollars only Line No. Source of funds Current year amount Prior year amount Nonoperating Revenues 10 Federal appropriations State appropriations 85,515,000 77,388, Local appropriations, education district taxes, & similar 0 0 support Grants-nonoperating 13 Federal nonoperating grants 13,236,000 12,314, State nonoperating grants Local nonoperating grants Gifts, including contributions from affiliated organizations 486,000 5, Investment income 3,356,000 5,050, Other nonoperating revenues (CV) CV=[B19-(B B17)] Total nonoperating revenues 102,593,000 94,757,000

7 Page 7 of 20 Part B - Revenues and Other Additions Report in whole dollars only Line No. Resource of funds Current year amount Prior year amount Other Revenues and Additions 20 Capital appropriations Capital grants & gifts Additions to permanent endowments 1,697,000 2,058, Other revenues & additions (CV) CV=[B24-(B B22)] 1,517,000 1,360, Total other revenues and additions 3,214,000 3,418, Total all revenues and other additions (CV) CV=(B09+B19+B24) 209,198, ,722,559 CV = Calculated Value Other nonoperating revenues include unrealized and realized gains/losses on investments

8 Page 8 of 20 Report in whole dollars only Part C - Expenses and Other Deductions Line No. Description Current year Salaries & Depreciation All other total wages Employee fringe benefits Operating Expenses 01 Instruction 92,694,040 64,018,837 21,207, ,467, Research 29,041,332 10,370,043 4,371, ,299, Public service 1,429,000 1,072, , , Academic support 11,825,886 6,465,056 2,285, ,075, Student services 10,748,341 7,166,778 2,418, ,163, Institutional support 20,064,030 12,371,874 4,046, ,646, Operation & maintenance 20,333,000 8,192,425 2,679, ,461,353 of plant 09 Depreciation 98,200 98, Scholarships and fellowships expenses, excluding discounts & allowances (do not include work study here) 14,835,319 14,835, Auxiliary enterprises 588,800 3, , , Hospital services Independent operations Other expenses & deductions (CV) 364, ,000 CV=[C15-(C C13)] 15 Total operating expenses 202,021, ,661,909 37,359, ,000 54,891,810 Prior year amount 189,340, ,230,922 32,020,674 36,000 55,052,963

9 Page 9 of 20 Line No. Part C - Expenses and Other Deductions Report in whole dollars only Description Current year Salaries & Depreciation All other total wages Employee fringe benefits Nonoperating Expenses and Deductions 16 Interest Other nonoperating expenses & deductions (CV) CV=(C18-C16) 18 Total nonoperating expenses & deductions (CV) CV=(C19-C15) Total expenses & deductions 202,021, ,661,909 37,359, ,000 54,891,810 Prior year amount 189,397, ,230,922 32,020,674 36,000 55,109,963 CV = Calculated Value

10 Page 10 of 20 Part D - Summary of Changes In Net Assets Line No. Description Current year amount Prior year amount 01 Total revenues & other additions (from B25) 209,198, ,722, Total expenses & deductions (from C19) 202,021, ,397, Increase in net assets during year (CV) 7,177,000 24,325,000 CV=(D01-D02) 04 Net assets beginning of year 53,870,000 29,545, Adjustments to beginning net assets (CV) 0 0 CV=[D06-(D03+D04)] 06 Net assets end of year (from A18) 61,047,000 53,870,000 CV = Calculated Value

11 Page 11 of 20 Part E - Scholarships and Fellowships Part E - Scholarships and Fellowships Report in whole dollars only Line No. Source Current year amount Prior year amount Institutional Expenses and Discounts & Allowances Gross Scholarships and Fellowships (no loans included) 01 Pell grants (federal) 13,236,000 12,314, Other federal grants 472, , Grants by state government 10,720,000 10,999, Grants by local government 759, , Institutional grants from restricted resources 6,124,319 6,697, Institutional grants from unrestricted resources (CV) CV=[E07-(E E05)] 3,262, , Total gross scholarships and fellowships 34,573,319 31,949,436 Discounts and Allowances 08 Discounts & allowances applied to tuition & fees 19,738,000 16,210, Discounts & allowances applied to sales & services of auxiliary enterprises (CV) CV= (E10-E08) Total Discounts & Allowances (CV) CV=(E07-E11) 19,738,000 16,210, Net scholarships and fellowships expenses after deducting discount & allowances (from C10) 14,835,319 15,739,436 CV = Calculated Value

12 Page 12 of 20 Part F - Component Unit That Uses FASB Standards Part F - GASB Component Unit that uses FASB Standards Names of entities included: Primary nature (purpose) of unit(s) fundraising Report in whole dollars only Line No. Statement of Financial Position Current year amount 01 Long-term investments 30,325, Other assets (CV) 2,359,435 CV=(F03-F01) 03 Total Assets 32,685, Total liabilities (CV) CV=(F03-F08) 384,870 Net Assets 05 Temporarily restricted 6,267, Permanently restricted 23,163, Unrestricted (CV) CV=[F08-(F05+F06)] 2,870, Total net assets 32,300,410

13 Page 13 of 20 Part F - Component Unit That Uses FASB Standards Part F - GASB Component Unit that uses FASB Standards Report in whole dollars only Line No. Statement of Activities Current year amount 09 Investment return 740, Other revenues, gains, & other support (CV) 5,006,324 CV=(F11-F09) 11 Total revenues, gains, & other support 5,746, Total expenses 2,375,984 12a Expenses paid to institution (included in F12) 1,359, Total losses (CV) CV=(F14-F12) 1,003, Total expenses and losses (CV) CV=(F11-F15) 3,379, Change in net assets 2,367, Net assets -- beginning of year 29,932, Adjustments to beginning net assets(cv) 0 CV=[F18-(F15+F16)] 18 Net assets -- end of year (from F08) 32,300,410 CV = Calculated value

14 Page 14 of 20 Line No. Part H - Details of Endowment Assets Report in whole dollars only Value of Endowment Assets Market Value Prior Year Amounts 01 Value of endowment assets at the beginning of the fiscal 33,814,000 27,456,000 year 02 Value of endowment assets at the end of the fiscal year 36,580,000 33,814,000

15 Page 15 of 20 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) 01 Tuition and fees 53,435,000 53,435, Sales and services 03 Federal grants/contracts (excludes Pell Grants) Revenue from the state government: 687, , ,273,489 29,273, State appropriations, 85,515,000 85,515, current & capital 05 State grants and contracts 14,308,388 14,308, Revenue from local governments: 06 Local appropriation, current & capital 07 Local government grants/contracts 5,775,713 5,775, Receipts from property and nonproperty 0 taxes 09 Gifts and private grants, including capital grants 16,350, Interest earnings 558, Dividend earnings 0 12 Realized capital gains 1,695,511 The methodology for reporting the value of Realized Capital Gains was changed from using the Total of Net Gain (Loss) on investment, which is the sum total of Realized and Unrealized gain/loss, to reporting only the total of Realized Gains.

16 Page 16 of 20 Category Part K - Expenditure Data for Bureau of Census Part K - Expenditures Total for all funds and operations (includes endowment funds, but excludes component units) Education and general/ independent operations Amount Auxiliary enterprises Hospitals Agriculture extension/ experiment services (1) (2) (3) (4) (5) 01 Salaries and wages 3, , Employee benefits, total Payment to state retirement funds (maybe included in line 02 above) Current expenditures other than salaries 39,692,491 39,118, , Capital outlay: 05 Construction Equipment purchases 5,510,511 5,510, Land purchases Interest on debt outstanding, all funds & activities 0 09 Scholarships/fellowships 34,573,319 34,573,319

17 Page 17 of 20 Part L - Debt and Assets, page 1 Part L - Debt and Assets Debt Category 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 Amount

18 Page 18 of 20 Part L - Debt and Assets, page 2 Part L - Debt and Assets (page 2) Assets Category 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 Amount

19 Page 19 of 20 Explanation Report Number Source Location Description Severity Accepted Screen: Assets 1 Upload File Row 32 Column 4 This number should be greater than zero. Please explain. Explanation Yes The negative unrestricted net asset balance can be primarily attributable to recording a liability for Reason: accrued vacation leave and accumulated sick leave in accordance with GASB Statement No. 16 Accounting for Compensated Absences.

20 Page 20 of 20 Print Form(s) Go back

Finance

Finance 1 of 20 5/15/2009 4:05 PM Finance 2008-09 Finance - Public institutions Reporting Standard Please indicate which reporting standards are used to prepare your financial statements: GASB (Governmental Accounting