Finance Institution: CUNY Queensborough Community College (190673) User ID: 36C0021

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Hubert Waters
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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. There have been no changes to the Finance data collection from the collection. 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, 213.) Beginning: month/year Month: Year: (MMYYYY) And ending: month/year Month: Year: (MMYYYY) 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

5 Part A - Statement of Financial Position If your institution is a parent institution then the amounts reported in Parts A and D should include ALL of your child institutions Line no. Current year amount Prior year amount Current Assets 1 Total current assets 28,598,764 22,114,578 Noncurrent Assets 31 Depreciable capital assets, net of depreciation 28,277,32 26,77,26 4 Other noncurrent assets CV=[A5-A31] 6,137,431 4,758,65 5 Total noncurrent assets 33,35,97 32,214,457 6 Total assets CV=(A1+A5) 54,329,35 61,633,861 Current Liabilities 7 Long-term debt, current portion 313,742 1,335,874 8 Other current liabilities CV=(A9-A7) 18,454,526 26,218,784 9 Total current liabilities 26,532,526 19,79,4 Noncurrent Liabilities 1 Long-term debt 2,65,72 19,299,68 11 Other noncurrent liabilities CV=(A12-A1) 2,76,24 2,64, Total noncurrent liabilities 22,67,16 21,375, Total liabilities CV=(A9+A12) 41,166,212 49,22,542 Net Assets 14 Invested in capital assets, net of related debt 11,685,187 1,42,52 15 Restricted-expendable 11,291 96,69 16 Restricted-nonexpendable 1, 1, 17 Unrestricted 2,662, ,841 CV=[A18-(A14+A15+A16)] 18 Total net assets CV=(A6-A13) 13,162,823 12,431,319

7 Part A - Statement of Financial Position (Page 2) Line No. Description Ending balance Prior year Ending balance Capital Assets 21 Land and land improvements 5,12,87 4,816, 22 Infrastructure 7,279,276 7,279,36 23 Buildings 88,54,787 88,196, Equipment, including art and library collections 17,928,61 19,31, Construction in progress 1,825,984 3,32,449 Total for Plant, Property and Equipment 122,626,2 12,587,527 CV = (A21+.. A27) 28 Accumulated depreciation 88,539,311 91,31, Intangible assets, net of accumulated amortization 54,8 54,8 34 Other capital assets

8 Part E - Scholarships and Fellowships DO NOT REPORT FEDERAL DIRECT STUDENT LOANS (FDSL) ANYWHERE IN THIS SECTION Line No. Source Current year amount Prior year amount 1 Pell grants (federal) 34,676,427 33,31,581 2 Other federal grants (Do NOT include FDSL amounts) 318, ,293 3 Grants by state government 1,47,265 8,175,478 4 Grants by local government 218,19 3,79 5 Institutional grants from restricted resources 23, Institutional grants from unrestricted resources CV=[E7-(E1+...+E5)] 4,339,432 2,372,428 7 Total gross scholarships and fellowships 47,836,888 46,122,939 Discounts and Allowances 8 Discounts and allowances applied to tuition and fees 3,682,684 27,284,431 9 Discounts and allowances applied to sales and services of auxiliary enterprises 1 Total discounts and allowances CV=(E8+E9) 27,284,431 3,682, Net scholarships and fellowships expenses after deducting discounts and allowances CV= (E7-E1) This amount will be carried forward to C1 of the expense section. 18,838,58 17,154,24

9 Part B - Revenues and Other Additions Report in whole dollars only Line No. Source of Funds Current year amount Prior year amount Operating Revenues 1 Tuition and fees, after deducting discounts and allowances 26,737,632 35,956,357 Grants and contracts - operating 2 Federal operating grants and contracts 1,798,331 2,159,12 3 State operating grants and contracts 12,556,851 1,364,66 4 Local government/private operating grants and contracts 1,515,63 1,49,958 4a Local government operating grants and contracts 28, ,579 4b Private operating grants and contracts 1,129,167 1,246,484 5 Sales and services of auxiliary enterprises, 652,681 after deducting discounts and allowances 26 Sales and services of educational activities 8 Other sources - operating (CV) CV=[B9-(B1+...+B26)] 565,369 1,632,379 9 Total operating revenues 44,787,832 5,56,47

10 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 29,75,86 32,498, Local appropriations, education district taxes, and similar support 35,47,326 31,314,192 Grants-nonoperating 13 Federal nonoperating grants Do NOT include Federal Direct 34,676,427 Student Loans 33,31, State nonoperating grants 15 Local government nonoperating grants 16 Gifts, including contributions from affiliated organizations 1, Investment income 3,183 2,78 18 Other nonoperating revenues CV=[B19-(B1+...+B17)] 2,298, ,92 19 Total nonoperating revenues 1,3,834 99,416, Total operating and nonoperating revenues CV=[B19+B9] 149,976, ,791, month Student FTE from E12 11,931 12,32 29 Total operating and nonoperating revenues per student FTE CV=[B27/B28] 12,57 11,77

11 Part B - Revenues and Other Additions Line No. Source of funds Current year amount Prior year amount Other Revenues and Additions 2 Capital appropriations 4,7,117 2,55,43 21 Capital grants and gifts 22 Additions to permanent endowments 23 Other revenues and additions CV=[B24-(B2+...+B22)] 24 Total other revenues and additions 4,7,117 2,55,43 25 Total all revenues and other additions CV=[B9+B19+B24] 152,527,68 148,861,783

12 Part C - Expenses and Other Deductions Report Total Operating AND Non-Operating Expenses in this section Report in whole dollars only Line Description Total amount Salaries and wages Employee fringe benefits Operation and No. maintenance of plant Expenses and Deductions Depreciation Interest All other 1 Instruction 3,689,849 82,828,662 53,577,44 21,413,514 2,945, ,257 24,173 8,967,31 2 Research 39,275 15,919 26,698 6,321 19,76 4, ,97 3 Public service 9 43,171 19,485 7,95 1,535 3, ,63 5 Academic support 1,14,99 8,53,139 3,668,642 1,358,841 1,766, ,16 144,42 7,746,1 6 Student services 1,477,297 14,787,35 8,336,41 3,229,554 1,238,535 44,618 1,99 15,772,261 7 Institutional support 2,412,231 23,44,253 1,252,559 4,18,64 4,42,259 1,438, ,961 21,467,85 8 Operation and 1,985,977 maintenance 6,162,216 2,52,847-1,669,4 of plant (see instructions) 1 Scholarships and fellowships expenses, excluding discounts and allowances (from E11) PY Total Amount 18,838,58 18,838,58 17,154,24 11 Auxiliary enterprises 1 345,59 245,47 8,172 2,1 1,927,99 14 Other expenses and deductions 4, ,831 2,221,896 CV=[C19-(C1+...+C13)] 19 Total expenses and deductions 148,69,19 82,43,46 32,71,77 3,485,48 869,954 29,499, ,81,824 Prior year amount 147,81,824 8,894,59 3,84,132 3,442,413 1,425,883 31,27, month Student FTE 11,931 12,32 from E12 21 Total expenses and 12,456 12,15 deductions per student FTE CV=[C19/C2]

13 Part D - Summary of Changes In Net Position Line No. Description Current year amount Prior year amount 1 Total revenues and other additions (from B25) 152,527,68 148,861,783 2 Total expenses and deductions (from C19) 148,69,19 147,81,824 3 Change in net position during year CV=(D1-D2) 3,917,959 1,5,959 4 Net position beginning of year 11,538,273 12,43,319 5 Adjustments to beginning net position and other gains or losses -3,185, ,913 CV=[D6-(D3+D4)] 6 Net position end of year (from A18) 13,162,823 12,431,319

14 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. 1 Value of endowment assets at the beginning of the fiscal year 8,281,743 8,375,173 2 Value of endowment assets at the end of the fiscal year 8,375,173 8,894,385

15 Part J - Revenue Data for Bureau of Census Source and type Total for all funds Education and and operations general/independent (includes operations endowment funds, but excludes component units) Amount Auxiliary enterprises Hospitals Agriculture extension/experiment services (1) (2) (3) (4) (5) 1 Tuition and fees 63,24,788 63,24,788 2 Sales and services 3 Federal 2,159,12 grants/contracts (excludes Pell Grants) 2,159,12 Revenue from the state government: 4 State 35,48,852 appropriations, current & capital 5 State grants 1,364,66 and contracts Revenue from local governments: 6 Local 31,314,192 appropriation, current & capital 7 Local government grants/contracts 8 Receipts from property and non-property taxes 9 Gifts and private grants, including capital grants 1 Interest earnings 11 Dividend earnings 12 Realized capital gains 1,248,216 2, ,579 35,48,852 1,364,66 31,314, ,579

16 Part K - Expenditure Data for Bureau of Census Category Total for all funds and Education and general/ operations (includes independent operations endowment funds, but excludes component units) Amount Auxiliary enterprises Hospitals Agriculture extension/ experiment services (1) (2) (3) (4) (5) 1 Salaries and wages 82,43,46 82,43,46 2 Employee benefits, total 32,71,77 32,71,77 3 Payment to state retirement funds (maybe included in line 2 above) 4 Current expenditures 1,62,52 other than salaries Capital outlay: 5 Construction 1,363,497 6 Equipment purchases 1,425,75 7 Land purchases 1,425,75 8 Interest on debt outstanding, all funds and activities 9 Scholarships/fellowships 46,122,939 46,122,939 1,62,52 1,363,497

17 Part L - Debt and Assets, page 1 Debt Category 1 Long-term debt outstanding at beginning of fiscal year Amount 2 Long-term debt issued during fiscal year 3 Long-term debt retired during fiscal year 4 Long-term debt outstanding at end of fiscal year 5 Short-term debt outstanding at beginning of fiscal year 6 Short-term debt outstanding at end of fiscal year

18 Part L - Debt and Assets, page 2 Assets Category 7 Total cash and security assets held at end of fiscal year in sinking or debt service funds Amount 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

19 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 Data Center and sent to your institution s CEO in November 214. 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 $35,956,357 24% $3,14 Government appropriations $63,812,614 42% $5,348 Government grants and contracts $46,93,778 3% $3,863 Private gifts, grants, and contracts $1,248,216 1% $15 Investment income $2,78 % $ Other core revenues $5,414,25 4% $454 Total core revenues $152,527,68 1% $12,784 Total revenues $152,527,68 $12,784 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 $82,828,662 56% $6,942 Research $15,919 % $13 Public service $43,171 % $4 Academic support $8,53,139 6% $715 Institutional support $23,44,253 16% $1,931

20 Core Expenses Student services $14,787,35 1% $1,239 Other core expenses $18,879,34 13% $1,582 Total core expenses $148,263,519 1% $12,427 Total expenses $148,69,19 $12,456 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 11,931 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.

21 Edit Report Finance CUNY Queensborough Community College (19673) Source Description Severity Resolved Options Global Edits Perform Edits You reported expenses for auxiliary enterprises in Part C (line 11) but did not report corresponding revenues in Part B (line 5). Please correct your data or explain. (Error #5414) Explanation Yes Reason: as a result of adoption of GASB 61 auxiliaries were not included as part of the amounts reported, hence the revenues were not reported. However since the expenses are allocated based on space usage, the same was done this year. Related Expenses Screens: Screen: Revenues Part 3 Perform Edits The amount of additions to permanent endowments reported in Part B (line 22) should not be zero or blank. Please confirm that the data reported are correct. (Error #5231) Related Revenues Part 3 Screens: Screen: Expenses Screen Entry The amount reported is outside the expected range of between 241,485 and 724,455 when compared with the prior year value. Please correct your data or explain. (Error #531) Reason: This is less amount was allocated out to the college for research Screen: Net Position Screen Entry Confirmation Yes Explanation Yes The reported value of this amount at the beginning of the current year is expected to be equal to the value of this amount at the end of the prior year. Please correct your data or explain. (Error #533) Explanation Yes Reason: There was a small error last year of 1, reported, due to the GASB 61 adjustment we had to restate beginning balances.

Friday, April 04, 2014

Friday, April 04, 2014 Finance 2013-14 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