Finance Institution: North Carolina State University at Raleigh (199193) User ID: p

Size: px

Start display at page:

Download "Finance Institution: North Carolina State University at Raleigh (199193) User ID: p"

Ashley Gibson
5 years ago
Views:

1 Finance 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

2 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.

3 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 Month: 7 Year: 2010 (MMYYYY) And ending: month/year Month: 6 Year: 2011 (MMYYYY) 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

4 Part A - Statement of Net Assets Line no. Current year amount Prior year amount Current Assets 01 Total current assets 361,631, ,598,950 Noncurrent Assets 31 Depreciable capital assets, net of depreciation 1,406,863,545 1,248,997, Other noncurrent assets 636,647, ,062,492 CV=[A05-A31] 05 Total noncurrent assets 2,043,510,931 1,861,059, Total assets CV=(A01+A05) 2,405,142,929 2,194,658,688 Current Liabilities 07 Long-term debt, current portion 12,652,765 9,018, Other current liabilities 111,347,555 89,252,071 CV=(A09-A07) 09 Total current liabilities 124,000,320 98,270,439 Noncurrent Liabilities 10 Long-term debt 378,987, ,129, Other noncurrent liabilities 272,353, ,005,242 CV=(A12-A10) 12 Total noncurrent liabilities 651,340, ,135, Total liabilities CV=(A09+A12) 775,341, ,405,650 Net Assets 14 Invested in capital assets, net of related debt 1,233,161,475 1,159,910, Restricted-expendable 140,828, ,907, Restricted-nonexpendable 77,978,945 71,087, Unrestricted 177,832, ,347,845 CV=[A18-(A14+A15+A16)] 18 Total net assets CV=(A06-A13) 1,629,801,833 1,514,253,038

6 Part A - Statement of Net Assets (Page 2) Line No. Description Ending balance Prior year Ending balance Capital Assets 21 Land & land improvements 36,587,946 38,285, Infrastructure 179,061, ,499, Buildings 1,590,876,263 1,426,874, Equipment, including art and library collections 285,672, ,528, Construction in progress 138,800, ,025,112 Total for Plant, Property and Equipment 2,230,997,882 2,050,212,926 CV = (A21+.. A27) 28 Accumulated depreciation 649,826, ,147, Intangible assets, net of accumulated amortization 6,024,718 3,627, Other capital assets 0

7 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 197,091, ,813,363 Grants and contracts - operating 02 Federal operating grants and contracts 123,803, ,038, State operating grants and contracts 36,738,525 31,174, Local government/private operating grants and contracts 62,965,635 53,371,258 04a Local government operating grants and contracts 1,329,519 1,438,737 04b Private operating grants and contracts 61,636,116 51,932, Sales & services of auxiliary enterprises, 121,372, ,361,886 after deducting discounts & allowances 06 Sales & services of hospitals, 0 after deducting patient contractual allowances 26 Sales & services of educational activities 55,583,977 43,566, Independent operations 0 08 Other sources - operating 15,206,546 15,935,453 CV=[B09-(B B07)] 09 Total operating revenues 612,761, ,260,879

8 Part B - Revenues and Other Additions Line No. Source of funds Current year amount Prior year amount Nonoperating Revenues 10 Federal appropriations 16,842,963 18,480, State appropriations 478,423, ,039, Local appropriations, education district taxes, & similar support 0 Grants-nonoperating 13 Federal nonoperating grants 29,909,046 24,778, State nonoperating grants 23,985,331 23,038, Local government nonoperating grants 0 16 Gifts, including contributions from affiliated organizations 50,581,343 44,105, Investment income 20,523,588 17,711, Other nonoperating revenues 23,065,389 20,752,329 CV=[B19-(B B17)] 19 Total nonoperating revenues 643,330, ,905, Total operating and nonoperating revenues CV=[B19+B09] 1,256,092,540 1,176,166, month Student FTE from E12 CV=[B28a+B28b] 30,750 28a Undergraduates 24,406 28b Graduates 6, Total operating and nonoperating revenues per student FTE CV=[B27/B28] 40,849

9 Part B - Revenues and Other Additions Line No. Source of funds Current year amount Prior year amount Other Revenues and Additions 20 Capital appropriations 0 21 Capital grants & gifts 56,089,827 42,889, Additions to permanent endowments 6,037,818 4,463, Other revenues & additions CV=[B24-(B B22)] Total other revenues and additions 62,127,645 47,353, Total all revenues and other additions CV=[B09+B19+B24] 1,318,220,185 1,223,520,099

10 Part C - Expenses and Other Deductions Line Description Total amount Salaries & wages Employee fringe benefits Operation and Depreciation Interest All PY Total No. maintenance of plant other Amount Expenses and Deductions 01 Instruction 390,061, ,813,234 57,215,155 13,566,718 9,596,464 62,869, ,201, Research 253,620, ,019,537 25,486,975 20,749,098 14,676,944 65,688, ,296, Public service 128,197,720 67,745,455 17,747,072 3,192,169 2,257,991 37,255, ,447, Academic support 83,797,887 32,238,262 8,378,548 3,990,211 2,822,489 36,368,377 77,648, Student services 25,894,283 11,633,004 2,805,307 2,394,127 1,693,494 7,368,351 25,978, Institutional support 81,673,280 44,375,952 11,289,829 3,192,169 2,257, ,046 20,311,293 76,413, Operation & 0 44,672,782 26,709,717 8,421,724-79,804,223 maintenance 0 of plant (see instructions) 10 Scholarships and 46,911,355 46,911,355 40,609,010 fellowships expenses, excluding discounts & allowances 11 Auxiliary enterprises 191,571,922 44,245,476 10,964,072 32,719,731 23,144,413 12,368,592 68,129, ,597, Hospital services Independent operations Other expenses & deductions CV=[C19-(C C13)] 19 Total expenses & deductions 943, ,104 2,036, ,517,647 1,202,671, ,780, ,308,682 56,449,786 12,614,638 1,138,229,261 Prior year amount 1,138,229, ,704, ,898,024 54,464,008 10,761, ,400, month Student FTE from E12 CV=[C20a+C20b] 30,750 20a Undergraduates 24,406 20b Graduates 6, Total expenses and 39,111 deductions per student FTE CV=[C19/C20]

11 Part D - Summary of Changes In Net Assets Line No. Description Current year amount Prior year amount 01 Total revenues & other additions (from B25) 1,318,220,185 1,223,520, Total expenses & deductions (from C19) 1,202,671,390 1,138,229, Change in net assets during year 115,548,795 85,290,838 CV=(D01-D02) 04 Net assets beginning of year 1,514,253,038 1,428,962, Adjustments to beginning net assets and other gains or losses 0 0 CV=[D06-(D03+D04)] 06 Net assets end of year (from A18) 1,629,801,833 1,514,253,038

12 Part E - Scholarships and Fellowships Line No. Source Current year amount Prior year amount 01 Pell grants (federal) 25,318,675 20,559, Other federal grants 11,608,173 9,231, Grants by state government 24,956,914 23,673, Grants by local government 9,076 24, Institutional grants from restricted resources 23,192,117 18,959, Institutional grants from unrestricted resources 48,473,311 34,040,085 CV=[E07-(E E05)] 07 Total gross scholarships and fellowships 133,558, ,487, Discounts and Allowances Discounts & allowances applied to tuition & fees 71,413,631 53,342,725 Discounts & allowances applied to sales & services of 15,233,280 12,536,160 auxiliary enterprises CV= (E10-E08) Total discounts & allowances CV=(E07-E11) 86,646,911 65,878, Net scholarships and fellowships expenses after deducting 46,911,355 discount & allowances (from C10) 40,609,010

13 Part H - Details of Endowment Assets Line Value of Endowment Assets Market Value Prior Year No. 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 463,866, ,110, Value of endowment assets at the end of the fiscal year 503,110, ,632,000

14 Part J - Revenue Data for Bureau of Census Source and type Amount Total for all funds and operations (includes Education and general/independent operations Auxiliary enterprises Hospitals Agriculture extension/experiment services endowment funds, but excludes component units) (1) (2) (3) (4) (5) 01 Tuition and fees 268,505, ,505, Sales and 192,189, ,605,483 53,879,335 services 1,704, Federal 144,687, ,687,663 grants/contracts (excludes Pell Grants) Revenue from the state government: 04 State 478,423, ,622,522 appropriations, 100,800,776 current & capital 05 State grants 112,709, ,709,010 and contracts Revenue from local governments: 06 Local 0 appropriation, current & capital 07 Local 1,329,519 1,329,519 government grants/contracts 08 Receipts from property and non-property taxes 09 Gifts and private grants, 123,337,467 including capital grants 10 Interest earnings 3,294, Dividend earnings 12 Realized capital 1,374,033 gains

15 Part K - Expenditure Data for Bureau of Census Category Amount Total for all funds and operations (includes Education and general/ independent operations Auxiliary enterprises Hospitals Agriculture extension/ experiment services endowment funds, but excludes component units) (1) (2) (3) (4) (5) 01 Salaries and wages 600,780, ,504,437 44,245,476 82,030, Employee benefits, total 142,308, ,956,940 10,964,072 21,387, Payment to state 30,473,123 21,894,387 retirement funds (maybe included in line 02 above) 3,330,249 5,248, Current expenditures 342,663, ,047,700 other than salaries Capital outlay: 68,129,638 15,485, Construction 159,168, ,994,758 42,911,860 2,262, Equipment purchases 29,878,205 28,262, , , Land purchases 0 08 Interest on debt outstanding, all funds & 10,552,292 activities 09 Scholarships/fellowships 133,558, ,558,266

16 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 323,109,579 11,772, ,337,360 10,000,000

17 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 7,584,262 24,146, ,528,602

18 Summary Finance Survey Summary 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 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: or ipedshelp@rti.org. Core Revenues Revenue Source Reported values Percent of total core revenues Core revenues per FTE enrollment Tuition and fees $197,091,556 16% $6,409 Government appropriations $495,266,261 41% $16,106 Government grants and contracts $215,765,561 18% $7,017 Private gifts, grants, and contracts $112,217,459 9% $3,649 Investment income $20,523,588 2% $667 Other core revenues $155,983,557 13% $5,073 Total core revenues $1,196,847, % $38,922 Total revenues $1,318,220,185 $42,869 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 Core expenses per FTE expenses enrollment Instruction $390,061,147 39% $12,685 Research $253,620,692 25% $8,248 Public service $128,197,720 13% $4,169 Academic support $83,797,887 8% $2,725 Institutional support $81,673,280 8% $2,656 Student services $25,894,283 3% $842

19 Core Expenses Other core expenses $47,854,459 5% $1,556 Total core expenses $1,011,099, % $32,881 Total expenses $1,202,671,390 $39,111 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 30,750 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.

20 Edit Report Finance Source Description Severity Resolved Options Screen: Part 1 Screen The amount of interest allocated to Fatal Yes Back to Entry instruction expenses is relatively survey high (or relatively low) compared to data the total interest expense. If you believe this number is correct, please contact the Help Desk. (Error #5178) Reason: Overridden by administrator. Instructional interest expense is held at the state level, not the institutional level. ACL

Finance Print Form(s) Get PDF File Go Back. Institution: Western Carolina University (200004) Overview. Finance Overview.

Finance Print Form(s) Get PDF File Go Back. Institution: Western Carolina University (200004) Overview. Finance Overview. Print Form(s) Get PDF File Go Back Finance 2010-11 Institution: Western Carolina University (200004) Overview Purpose Finance Overview The purpose of the IPEDS Finance component is to collect basic financial