EXHIBIT 13. Bloomsburg University Annual Financial Report (FINRPT)

Transcription

1 EXHIBIT 13 Bloomsburg University Annual Financial Report (FINRPT)

2 Note: Worksheet tabs colored blue are FYI only. Worksheet Name Description/Purpose 1 Wksheet Index Index of FINRPT Worksheets 2 Messages University name, information on auxiliaries and affiliates, university messages 3 Min Obj Tuition Tuition detail 4 Scholar Calculates Scholarship Discounts & Allowances and Student Aid Expense 5 Min Objs Actual Minor Object detail for current year 6 Min Obj Persnnl Minor Object Personnel organized by type of expense (automatically calculated) 7 ExpMatrix Expenses by functional categories 8 SRECNA Statement of Revenues, Expenses, and Changes in Net Assets 9 Bal Sheet Balance Sheet 10 Cash Flow Wksht Worksheet used to create Statement of Cash Flows 11 Cash Flows Statement of Cash Flows (current year automatically calculated) 12 Unrest Net Assets Schedule showing intended use of Unrestricted Net Assets 13 Other Detail of Balance Sheet accounts classified as "Other" 14 TRB recon Reconcilation of calculation of 1/2 of 1% Tuition, Room, & Board transfer to OC 15 Footnts Footnotes 16 Edit Chks(1) Edit Checks to verify accuracy of information 17 Edit Chks(2) Advanced Edit Checks to verify accuracy of information 18 Edit Chk Summary Summary of all worksheet Edit Checks to quickly identify that all have cleared 19 MO To SRECNA Shows to what line of the SRECNA each Minor Object is mapped 20 SRECNA to MO Shows what Minor Objects are mapped to each line of the SRECNA 21 SAP GL to MO Shows what SAP GL accounts are mapped to each line of the Minor Objects 22 SAP GL to MO Persnnl Detail of what SAP GL accounts are mapped to each lin of the Minor Objects Personnel 23 SAP GL to ExpMatrix Shows what SAP GL accounts are mapped to each line of the Expense Matrix 24 SAP GL to BalSheet Shows what SAP GL accounts are mapped to each line of the Balance Sheet 25 SAP Net Asset Categories Detail of what SAP Major Funds are mapped to Net Assets on the Balance Sheet 26 SAP Numbering Scheme Prescribed PASSHE format for numbering cost centers and WBS centers in SAP 27 NIP Balances Shows the acccount balances that can and should be allocated to NIP 28 Highmark-PEBTF Shows in what healthcare program each bargaining unit participates Blue cells (or red if negative) are input cells. Black cells are formulas and are locked. Pennsylvania State System of Higher Education FINRPT for Fiscal Year 2007/08 Index of FINRPT Worksheets

3 Pennsylvania State System of Higher Education FINRPT for Fiscal Year 2007/08 Enter University Name: Contact Person: Bloomsburg University Claudia Thrush List operations that are included as Auxiliary Enterprises: 1. Residence Halls 2. Food Service Center 3. Student Union 4. Student Recreation Center 5. List Affiliated Organizations that are included as Component Units: 1. The Community Government Association of Bloomsburg University 2. Bloomsburg University Foundation List Affiliated Organizations that are NOT included as Component Units: 1. Husky Research Corporation Messages: MO 412-State Appropriations Capital-includes $532,731 for a furniture & equipment appropriation received for our McCormick addition project. Total appropriation is $545,000.

4 Actual Minor Objects Tuition DO NOT USE CENTS! FY 2007/08 Actual GROSS Tuition Revenue Academic Summer & Total Year Intersession Gross Revenue Revenue Revenue 401 Undergraduate In-State Tuition 33,967,429 3,084,538 37,051, Undergraduate Out-State Tuition, Maximum Rate 9,699, ,666 10,337,783 Undergraduate Out-State Tuition, Other Rate Total MO 402 9,699, ,666 10,337, Graduate In-State Tuition 3,033,163 1,625,552 4,658, Graduate Out-State Tuition 562, , ,261 Totals 47,262,156 5,609,570 52,871,726

5 Calculation of Scholarship Discounts & Allowances and Student Aid Expense (NACUBO "Alternative Method") DO NOT USE CENTS! FY 2007/08 A. Student Account Activity All payments recorded against a student's account, at gross (except for direct payments by student) Financial aid not recorded as grant/gift revenue by the university: Stafford loans 30,985,926 Perkins loans (principal collected) 149,232 PLUS loans 6,823,907 Other loans (Key Alternative, etc.) 7,538,190 Financial aid also recorded as grant/gift revenue: Pell grants 5,443,043 PHEAA grants 7,066,609 SEOG 345,342 Endowments 0 Athletic scholarships & NCAA 496,224 Other 1,723,601 45,497,255 (A) 15,074,819 (B) Payments from third parties applied directly to students' accounts (do not include payments made directly to students): Payments from foundations not recorded as revenue 0 Veterans benefits 659,298 Other third party payments 648,527 1,307,825 (C) Non-employee, non-cash waivers applied to students' accounts: Tuition/fee waivers 1,421,587 Dorm/dining waivers 0 1,421,587 (D) Refunds of financial aid to students 18,211,776 (E)

6 B. Computation of Scholarship Discounts/Allowances vs. Student Aid Expense 1. Total tuition revenue that is overstated: Financial aid recorded as grant/gift revenue by the university Non-employee, non-cash waivers applied to students' accounts 2. Total payments recorded against students' accounts that potentially could generate a refund: Financial aid not recorded as grant/gift revenue by the university Financial aid recorded as grant/gift revenue by the university Third-party payments Non-employee, non-cash waivers applied to students' accounts 3. Calculation of amount to record as Student Aid Expense: Total tuition revenue that must be discounted or recorded as Student Aid Expense Divided by: Total payments recorded against students' accounts that potentially could generate a refund Times: Total refunds made to students Student Aid Expense 4. Calculation of amount to record as Scholarship Discounts and Allowances: Financial aid recorded as grant/gift revenue by the university Non-employee, non-cash waivers applied to students' accounts Less amount recorded as Student Aid Expense Scholarship Discounts and Allowances 15,074,819 (B) 1,421,587 (D) 16,496,406 (F) 45,497,255 (A) 15,074,819 (B) 1,307,825 (C) 1,421,587 (D) 63,301,486 (G) 16,496,406 (F) 63,301,486 (G) 26.06% 18,211,776 (E) 4,746,000 (H) 15,074,819 (B) 1,421,587 (D) (4,746,000) (H) 11,750,406 (I) C. Allocation by Funding Source Student Aid Scholarship Percent of Expense Allowance Total Total Allocation (H) Allocation (I) Financial aid recorded as grant/gift revenue by the university: Pell Grants 5,443, % 1,565,958 3,877,085 PHEAA Grants 7,066, % 2,033,057 5,033,552 SEOG 345, % 99, ,987 Endowments % 0 0 Athletic Scholarships & NCAA 496, % 142, ,461 Other Scholarships 1,723, % 495,878 1,227,723 15,074,819 4,337,011 10,737,808 Non-employee, non-cash waivers applied to students' accounts: Tuition/fee waivers 1,421, % 408,989 1,012,598 Dorm/dining waivers % 0 0 1,421,587

7 Actual Minor Objects SAP Reports: DO NOT USE CENTS! FY 2007/08 Actual ZFINRPTAMO_W_CBS_D NON-AUXILIARY AUXILIARY ZFINRPTPCO_D (for Personnel) Educational Restricted/ Plant Plant Auxiliary Aux. Plant Aux. Plant & General Endowment Unrestricted Restricted Enterprises Unrestricted Restricted NIP Total Revenues (MO map from MinObj Tuition spreadsheet) Undergraduate In-State Tuition 37,051,967 37,051, Undergraduate Out-State Tuition 10,337,783 10,337, Graduate In-State Tuition 4,658,715 4,658, Graduate Out-State Tuition 823, , Non-Credit Continuing Education Fees 30,511 30, Technology Tuition Fee 1,600,262 1,600, Academic/Instructional Fees 4,661,870 4,661, Other Mandatory Student Fees 1,268, ,071, ,340, Nonmandatory Student Fees 597, , Scholarship Discounts and Allowances (enter as negative) (1,273,735) (10,476,671) (11,750,406) State Appropriations - General 37,594, ,594, State Appropriations - Capital (NIP is non-cash only) 0 1,443, ,443, Federal Appropriations Gov't Grants & Contracts - Federal 115,200 7,813, ,928, Gov't Grants & Contracts - State 16,718 8,415, , ,442, Gov't Grants & Contracts - Local Gov't Grants & Contracts - System 129, , , Private Grants & Contracts 220, , , Additions to Permanent Endowments Gifts 211, , , Endowment Income 0 141, , Income on Other Investments 2,340, , ,496 8, ,994, Investment Expenses (enter as a negative) (20,512) (6,206) 0 0 (26,718) Unrealized Gain (Loss) on Investments Gain (Loss) on Disposal of Assets ` (11,241) (11,241) Food Service Sales 9,832,012 9,832, Housing Fees 12,026, ,208 12,199, Bookstore Sales Other Auxiliary Sales 28,509 28, Sales and Services 2,524, ,372 2,677, Cogeneration Sales (IUP only) Corporate Partnerships 177,415 20, , Parking and Library Fines 124, , Miscellaneous Revenue 799, , , ,290, Prior-Year Corrections 78,978 (54,325) (5,677) 0 0 5, ,653 Total Revenues 104,069,209 6,682, ,649 1,443,725 25,744,011 25, , , ,784,276

8 Actual Minor Objects SAP Reports: DO NOT USE CENTS! FY 2007/08 Actual ZFINRPTAMO_W_CBS_D NON-AUXILIARY AUXILIARY ZFINRPTPCO_D (for Personnel) Educational Restricted/ Plant Plant Auxiliary Aux. Plant Aux. Plant & General Endowment Unrestricted Restricted Enterprises Unrestricted Restricted NIP Total Expenditures Personnel Compensation Only CAPITALIZED Personnel expenditures can be reported in Plant columns Faculty Salaries 31,439, , ,885, Wages 54, , Faculty Summer School Pay 2,604,034 46, ,650, Faculty Overload 884, , Other Faculty Pay 129, , Sick Leave Pay-Out (do not include Comp. Abs. adj.) 225, , Annual Leave Pay-Out (do not include Comp. Abs. adj.) 5, , Social Security 2,559,829 36, ,596, Unemployment Compensation 74, , Workers' Compensation Retirement Contributions 2,473,219 33, ,506, Employees' Group Life Insurance 57, , Employees' H/W Fund 564,537 7, , Employees' Hospitalization Insurance 2,511,832 17, ,528, Annuitants' Hospitalization, System plan (pay-as-you-go) 1,289,870 24, ,314, Tuition Waiver - Employee Eligible 288, , Other Fee Waiver - Employee Eligible Total Faculty 45,164, , ,775,973 AFSCME Salaries 9,584, , ,033,810 12,884 13,348 11,766, Wages 76,764 8, , , Other 23, , , Overtime 313, , , Sick Leave Pay-Out (do not include Comp. Abs. adj.) 6, , Annual Leave Pay-Out (do not include Comp. Abs. adj.) 27, , , Social Security 768,244 9, ,686 1,068 1, , Unemployment Compensation 14, , , Workers' Compensation 74, , Retirement Contributions 518,689 6, , , Employees' Group Life Insurance 27, , , Employees' H/W Fund Employees' Hospitalization Insurance 2,428,338 34, , ,979, Annuitants' Hospitalization, Commonwealth Plan 1,842,168 25, , ,259, Tuition Waiver - Employee Eligible 268, , Other Fee Waiver - Employee Eligible Total AFSCME 15,975, , ,527,506 13,952 14, ,739,909

9 Actual Minor Objects SAP Reports: DO NOT USE CENTS! FY 2007/08 Actual ZFINRPTAMO_W_CBS_D NON-AUXILIARY AUXILIARY ZFINRPTPCO_D (for Personnel) Educational Restricted/ Plant Plant Auxiliary Aux. Plant Aux. Plant & General Endowment Unrestricted Restricted Enterprises Unrestricted Restricted NIP Total Management Salaries 5,787,435 39, ,091 28,719 28,810 6,707, Wages Other 35, , Overtime 7, , Sick Leave Pay-Out (do not include Comp. Abs. adj.) 138, , , Annual Leave Pay-Out (do not include Comp. Abs. adj.) 66, , , Social Security 423,711 2, ,393 2,379 2, , Unemployment Compensation Workers' Compensation Retirement Contributions 399,332 1, , , Employees' Group Life Insurance 11, , , Employees' H/W Fund 113, , , Employees' Hospitalization Insurance 438, , , Annuitants' Hospitalization, System plan (pay-as-you-go) 213, , , Tuition Waiver - Employee Eligible 159, , Other Fee Waiver - Employee Eligible Total Management 7,793,622 43, ,076,863 31,098 31, ,976,758 SCUPA Salaries 1,872,663 75, , ,477, Wages 49,691 13, , Other 7, , , Overtime 22,190 3, , , Sick Leave Pay-Out (do not include Comp. Abs. adj.) Annual Leave Pay-Out (do not include Comp. Abs. adj.) 7, , Social Security 148,883 6, , , Unemployment Compensation 17, , Workers' Compensation 67, , Retirement Contributions 116,714 6, , , Employees' Group Life Insurance 4, , , Employees' H/W Fund Employees' Hospitalization Insurance 314,503 13, , , Annuitants' Hospitalization, System plan (pay-as-you-go) 171,331 8, , , Tuition Waiver - Employee Eligible 13, , Other Fee Waiver - Employee Eligible 5, ,148 Total SCUPA 2,819, , , ,732,329

10 Actual Minor Objects SAP Reports: DO NOT USE CENTS! FY 2007/08 Actual ZFINRPTAMO_W_CBS_D NON-AUXILIARY AUXILIARY ZFINRPTPCO_D (for Personnel) Educational Restricted/ Plant Plant Auxiliary Aux. Plant Aux. Plant & General Endowment Unrestricted Restricted Enterprises Unrestricted Restricted NIP Total Other Salaries 2,158,324 18, , ,276, Wages 80,333 1, , Student Employment 2,053, , , ,680, Other 194,756 10, , , Overtime 113, , Sick Leave Pay-Out (do not include Comp. Abs. adj.) 26, , Annual Leave Pay-Out (do not include Comp. Abs. adj.) 14, , Social Security 219,040 15, , , Unemployment Compensation 5, , Workers' Compensation 22, , Retirement Contributions 128, , , Employees' Group Life Insurance 4, , Employees' H/W Fund 54, , , Employees' Hospitalization Insurance 271,099 2, , , Annuitants' Hospitalization, System Plan (pay-as-you-go) 132,701 1, , , Annuitants' Hospitalization, Commonwealth Plan Tuition Waiver - Employee Eligible 1,119,447 10, , ,223, Other Fee Waiver - Employee Eligible 12, , ,769 Total Other 6,611, , ,564, ,141, Compensated Absence adjustment - Sick 191, , Compensated Absence adjustment - Annual 161, , Postretirement in Excess of Pay-as-you-go 4,075, ,075,714 Total Personnel Compensation 82,792,982 1,955, ,954,647 45,050 45, ,794,330

11 Actual Minor Objects SAP Reports: DO NOT USE CENTS! FY 2007/08 Actual ZFINRPTAMO_W_CBS_D NON-AUXILIARY AUXILIARY ZFINRPTPCO_D (for Personnel) Educational Restricted/ Plant Plant Auxiliary Aux. Plant Aux. Plant & General Endowment Unrestricted Restricted Enterprises Unrestricted Restricted NIP Total Services, Supplies, and Other Charges Do NOT include in this section ( ) expenditures that are capitalized Postage/Freight 299,615 2, , , Telecommunications Charges 460, , , Advertising 330,498 3, , , Subscriptions 21, , Memberships 179, , , Printing & Duplicating 168,689 8, , , Travel & Transportation 1,457,252 71, , ,542, Computing & Data Processing 1,654,448 12,089 18, ,053 2, ,723, Professional Services & Honoraria 2,707, , , , , , ,223, Custodial, Security & Other Services 982, , ,350, Insurance 145, , Electric 1,306, , ,938, Gas 107, , , Oil 1, , Coal 640, , ,220, Other Utilities 434, , , Rental/Operating Lease - Equipment 12,876 1, , Rental/Lease - Real Estate 224, , , Miscellaneous Services 34, , Supplies 5,727,243 57,441 6, ,717 1,356,685 93, ,978 7,706, Food Supplies 430,554 48, ,865, ,345, Refunds to Grantors 0 7, , Interest Expense (do not include capitalized interest) , ,182,030 0 (146,074) 1,451, Depreciation 6,627,438 6,627, Other Current Charges 314, , , Student Aid Expense 514,434 4,231, ,746, Bad Debts Expense 337, ,584 Total Services, Supplies, and Other Charges 18,494,142 5,093, , ,479 11,955,239 1,573, ,978 6,481,364 45,089,397 Total Expenses 101,287,124 7,049, , ,479 18,909,886 1,618, ,629 6,481, ,883,727

12 Actual Minor Objects SAP Reports: DO NOT USE CENTS! FY 2007/08 Actual ZFINRPTAMO_W_CBS_D NON-AUXILIARY AUXILIARY ZFINRPTPCO_D (for Personnel) Educational Restricted/ Plant Plant Auxiliary Aux. Plant Aux. Plant & General Endowment Unrestricted Restricted Enterprises Unrestricted Restricted NIP Total Capital Expenditures Include in this section ( ) only and all expenditures that meet the definition of a capital asset Land Buildings 0 0 1,215, ,487, ,703, Improvements to Buildings 0 0 2,535,537 1,163, ,955, , ,768, Improvements Other than Buildings 0 0 4,254, ,254, Equipment 1,491, ,886 15, , , ,578 1,923, Furniture & Furnishings 87, , ,275 6, , , Library 271, , , Construction in Progress Total Capital Expenditures 1,850, ,092,307 1,331, ,097 3,068,900 4,645, ,843 19,279, Reversal (capitalization) of MO expenditures and Plant Personnel expenditures (enter as negative) (19,370,587) (19,370,587) Total Expenses before Transfers 103,137,882 7,050,093 8,737,715 2,076,997 19,033,983 4,687,430 4,791,808 (12,723,380) 136,792,528 Transfers Debt Prinicpal Payments out (in) ,336 (3,893) 0 2,151,908 (22,600) (2,781,751) (811 )- Transfers out (in) to pay debt principal and interest 1,071,374 0 (1,071,374) 0 3,289,911 (3,289,911) (812) - Transfers out (in) for capital assets or life cycle 2,385,515 0 (2,385,515) 0 2,982,609 (3,284,873) 302, (813) - Other transfers out (in) 507,275 (444,607) (566,996) 0 1,547,648 (1,191,384) (4,482,101) 4,630,165 0 Total Transfers 3,964,164 (444,607) (3,367,549) (3,893) 7,820,168 (5,614,260) (4,202,437) 1,848,414 0 Total Expenditures and Transfers 107,102,046 6,605,486 5,370,166 2,073,104 26,854,151 (926,830) 589,371 (10,874,966) 136,792,528 Revenues less Expenditures and Transfers (including Postretirement in Excess of Pay-as-you-go and Compensated Absences) (3,032,837) 77,313 (4,878,517) (629,379) (1,110,140) 951,903 (416,163) 11,029,568 1,991,748 Postretirement in excess of pay-as-you-go reported in Minor Object 562 4,075, ,075,714 Compensated Absence increase reported in Minor Objects 530 and , ,647 Revenues less Expenditures and Transfers (excluding Postretirement in Excess of Pay-as-you-go and Compensated Absences) 1,395,524 77,313 (4,878,517) (629,379) (1,110,140) 951,903 (416,163) 11,029,568 6,420,109

13 Actual Minor Objects Personnel Compensation Organized by Minor Objects (Maps from Minor Objects worksheet) FY 2007/08 Actual NON-AUXILIARY AUXILIARY CAPITALIZED CAPITALIZED CAPITALIZED CAPITALIZED Educational Restricted/ Plant Plant Auxiliary Aux. Plant Aux. Plant & General Endowment Unrestricted Restricted Enterprises Unrestricted Restricted Total Salaries 50,842, , ,485,560 41,603 42,158 55,114,240 Faculty 31,439, , ,885,797 AFSCME 9,584, , ,033,810 12,884 13,348 11,766,513 Management 5,787,435 39, ,091 28,719 28,810 6,707,721 SCUPA 1,872,663 75, , ,477,426 Other 2,158,324 18, , ,276, Wages 261,117 23, , ,829 Faculty 54, ,329 AFSCME 76,764 8, , ,704 Management SCUPA 49,691 13, ,077 Other 80,333 1, , Student Employment 2,053, , , ,680, Faculty Summer School Pay 2,604,034 46, ,650, Faculty Overload 884, , Other Faculty Pay 129, , Other 261,050 10, , ,903 AFSCME 23, , ,532 Management 35, ,433 SCUPA 7, , ,851 Other 194,756 10, , , Overtime 456,151 3, , ,146 AFSCME 313, , ,300 Management 7, ,107 SCUPA 22,190 3,020 0 ` 13, ,725 Other 113, , Sick Leave Pay-Out 587, , , Pay-out expense: Faculty 225, ,165 AFSCME 6, ,648 Management 138, , ,376 SCUPA Other 26, , Compensated Absence adjustment: 191, , Annual Leave Pay-Out 282, , , Pay-out expense: Faculty 5, ,122 AFSCME 27, , ,859 Management 66, , ,138 SCUPA 7, ,673 Other 14, , Compensated Absence adjustment: 161, , Social Security 4,119,707 71, ,555 3,447 3,493 4,491,105 Faculty 2,559,829 36, ,596,037 AFSCME 768,244 9, ,686 1,068 1, ,055 Management 423,711 2, ,393 2,379 2, ,896 SCUPA 148,883 6, , ,702 Other 219,040 15, , , Unemployment Compensation 112, , ,498 Faculty 74, ,973 AFSCME 14, , ,509 Management SCUPA 17, ,807 Other 5, ,209

14 Actual Minor Objects Personnel Compensation Organized by Minor Objects (Maps from Minor Objects worksheet) FY 2007/08 Actual NON-AUXILIARY AUXILIARY CAPITALIZED CAPITALIZED CAPITALIZED CAPITALIZED Educational Restricted/ Plant Plant Auxiliary Aux. Plant Aux. Plant & General Endowment Unrestricted Restricted Enterprises Unrestricted Restricted Total Workers' Compensation 165, ,875 Faculty AFSCME 74, ,478 Management SCUPA 67, ,478 Other 22, , Retirement Contributions 3,636,292 47, , ,866,776 Faculty 2,473,219 33, ,506,309 AFSCME 518,689 6, , ,998 Management 399,332 1, , ,916 SCUPA 116,714 6, , ,838 Other 128, , , Employees' Group Life Insurance 106,025 1, , ,243 Faculty 57, ,398 AFSCME 27, , ,316 Management 11, , ,934 SCUPA 4, , ,530 Other 4, , Employees' H/W Fund 732,566 7, , ,648 Faculty 564,537 7, ,685 AFSCME Management 113, , ,797 SCUPA Other 54, , , Employees' Hospitalization Insurance 5,964,237 67, , ,739,881 Faculty 2,511,832 17, ,528,835 AFSCME 2,428,338 34, , ,979,955 Management 438, , ,838 SCUPA 314,503 13, , ,348 Other 271,099 2, , , Annuitants' Hospitalization 7,725,159 60, , ,293, Pay-as-you-go: Faculty, System Plan (Highmark) 1,289,870 24, ,314,402 AFSCME, Commonwealth Plan (PEBTF) 1,842,168 25, , ,259,920 Management, System Plan (Highmark) 213, , ,407 SCUPA, System Plan (Highmark) 171,331 8, , ,763 Other - System Plan (Highmark) 132,701 1, , ,714 Other - Commonwealth Plan (PEBTF) In excess of pay-as-you-go: 4,075, ,075, Tuition Waiver - Employee Eligible 1,849,337 10, , ,953,837 Faculty 288, ,725 AFSCME 268, ,122 Management 159, ,080 SCUPA 13, ,963 Other 1,119,447 10, , ,223, Other Fee Waiver - Employee Eligible 17, , ,917 Faculty AFSCME Management SCUPA 5, ,148 Other 12, , ,769 Total Personnel Compensation 82,792,982 1,955, ,954,647 45,050 45,651 91,794,330

15 Allocation of Operating Expenses to Functional Categories DO NOT USE CENTS! FY 2007/08 SAP Report: ZFINRPTAOE_D Salaries & Student Supplies & Wages Benefits Aid Utilities Other Services Depreciation Total Instruction 35,620,550 12,535,931 2,547,457 50,703,938 Research 213,926 21, , ,212 Public Service 1,058, ,133 1,016,029 2,422,234 Academic Support 5,208,880 1,745,499 4,854,607 11,808,986 Student Services 5,909,565 2,515,846 1,731,261 10,156,672 Institutional Support 8,009,520 4,985,775 4,975,398 17,970,693 Operations and Maintenance of Plant 4,033,256 2,326,776 2,490,021 2,055,670 10,905,723 Depreciation 6,627,438 6,627,438 Student Aid 4,746,000 4,746,000 Auxiliary Enterprises 4,539,640 2,629, ,645,894 10,801,775 19,617,079 Total 64,593,409 27,109,722 4,746,000 4,135,915 28,128,491 6,627, ,340,975 Non-Operating: Interest expense on capital asset -related debt (not included above) 1,451,553 Do not confuse "Interest expense on capital asset-related debt" (an expense) with "Capitalized Interest" (an asset). Total Expenses 136,792,528 Edit Checks Total Total Expenses per Expense Matrix 136,792,528 Total "Expenses before Transfers" per Min Objs 136,792,528 Difference must be $0 0 ok Salaries & Wages per Expense Matrix 64,593,409 Salaries & Wages per MinObjPersnnl (no Plant) 64,593,409 ` Difference in each column must be <= $3 0 ok Benefits per Expense Matrix 27,109,722 Benefits per MinObjPersnnl (no Plant) 27,109,722 Difference in each column must be <= $3 0 ok Student Aid per Expense Matrix 4,746,000 Student Aid per Minor Objects 4,746,000 Difference in each column must be <= $3 0 ok Utilities per Expense Matrix 4,135,915 Utilities per Minor Objects 4,135,915 Difference in each column must be <= $3 0 ok Total "Expenses before Transfers" per Minor Objects 136,792,528 Difference 0 Supplies & Other Services per Expense Matrix 28,128,491 Supplies & Other Services per Minor Objects 28,128,491 Line 49 includes interest expense only from non-plant columns and Difference in each column must be <= $3 0 FYI only assumes that interest expense in plant columns is capital asset related.

16 Statement of Revenues, Expenses, and Change in Net Asset FY 2006/07 must be exactly as reported in last year's FINRPT. FY 2007/08 FY 2006/07 Revenues Operating Revenues: Tuition and fees 61,030,528 58,820,023 less Scholarship discounts and allowances (11,750,406) (10,939,122) Net tuition and fees 49,280,122 47,880,901 Governmental grants and contracts: Federal 7,928,944 7,218,697 State 8,693,433 8,557,785 Local 0 0 Nongovernmental grants and contracts 910, ,035 Sales and services 2,524,001 1,969,719 Auxiliary enterprises 25,292,606 23,581,158 Other revenues 1,506, ,797 Total Operating Revenues 96,135,737 90,836,092 Expenses Operating Expenses: Instruction 50,703,938 47,729,965 Research 382, ,563 Public Service 2,422,234 2,039,738 Academic Support 11,808,986 10,210,733 Student Services 10,156,672 9,279,375 Institutional Support 17,970,693 18,001,995 Operations and Maintenance of Plant 10,905,723 9,555,840 Depreciation 6,627,438 6,111,932 Student Aid 4,746,000 4,495,007 Auxiliary Enterprises 19,617,079 19,068,119 Total Operating Expenses 135,340, ,778,267 ` Net Operating Revenues (Expenses) (39,205,238) (35,942,175) Nonoperating Revenues (Expenses) State appropriations, general and restricted 37,594,467 37,183,999 Investment income, net of related investment expense of (26,718) 3,109,508 (27,701) 3,371,410 Unrealized gain (loss) on investments 0 0 Gifts for other than capital purposes 211, ,898 Interest expense on capital asset-related debt (1,451,553) (1,504,216) Gain (loss) on disposal of assets (11,241) (10,901) Other nonoperating revenue 124, ,643 Net Nonoperating Revenues (Expenses) 39,577,076 39,423,833 Income (Loss) before other revenues, expenses, gains, or losses 371,838 3,481,658 State appropriations, capital 1,443,170 1,381,063 Capital gifts and grants 176, ,693 Additions to permanent endowments 0 0 Total Other Revenues 1,619,910 1,846,756 Increase in Net Assets 1,991,748 5,328,414 Net Assets Net assets-beginning of year 53,924,385 48,595,971 Net assets-end of year 55,916,133 53,924,385

17 Balance Sheet June 30, 2007, must be exactly as reported in last year's FINRPT. Increase SAP Report: ZBALSHEET June 30 June 30 (Decrease) ASSETS in balance Current Assets Cash and cash equivalents 60,180,197 65,757,797 (5,577,600) Short-term investments Accounts receivable: Governmental grants and contracts 2,529,099 2,832,960 (303,861) Students, net June 30, ,966,691 6,228,890 (1,262,199) Allowance for doubtful accounts 823,298 Other: A/R, sales and services A/R, Auxiliary other 2,405, ,431 2,052,656 A/R, gifts A/R, other 165, ,630 (115,791) Inventories 278, ,453 1,563 Prepaid expenses: Prepaid suppliers 243, ,497 40,912 Prepaid employees 378, , ,821 Current portion of conversion pay receivable 7,881 7, Current portion of loans receivable, net June 30, , ,235 (13,693) Allowance for doubtful accounts (include long-term) 640,855 Investment income receivable 258, ,505 (54,440) Current portion of bond discount/issuance costs 7,296 7,654 (358) Due from System, AFRP Due from Component Units 24,361 17,283 7,078 Other current assets 0 40,000 (40,000) Total Current Assets 71,603,154 76,604,567 (5,001,413) Noncurrent Asse` Restricted cash and cash equivalents Endowment investments Other long-term investments Long-term portion of conversion pay receivable 22,651 29,593 (6,942) Long-term portion of loans receivable 913, ,157 (85,073) Long-term portion of bond discount/issuance costs 58,967 66,263 (7,296) Due from System, AFRP Due from Component Units 113, ,690 (12,649) Capital Assets: Land 925, ,488 0 Building 29,882,955 27,044,418 2,838,537 Building improvements 66,169,496 60,382,507 5,786,989 Improvements other than buildings 15,144,087 12,397,831 2,746,256 Equipment and furnishings 19,641,236 17,898,666 1,742,570 Library books 5,545,384 5,271, ,145 Construction in progress 12,052,907 6,608,001 5,444, ,361, ,528,150 18,833,403 Less accumulated depreciation 54,685,055 48,583,561 6,101,494 Capital assets, net 94,676,498 81,944,589 12,731,909 Other noncurrent assets 250, ,000 Total Noncurrent Assets 96,034,241 83,164,292 12,869,949 Total Assets 167,637, ,768,859 7,868,536

18 Balance Sheet June 30, 2007, must be exactly as reported in last year's FINRPT. Increase Increase June 30 June 30 (Decrease) LIABILITIES AND NET ASSETS in balance Current Liabilities Accounts payable and accrued expenses: A/P, supplies and services 6,652,363 3,435,474 3,216,889 A/P, employees 7,633,908 7,136, ,845 A/P, other 73,491 5,225 68,266 Deferred revenue: Deferred revenue, students 4,600,254 4,595,604 4,650 Deferred revenue, grants 67,405 20,495 46,910 Deferred revenue, sales & services 256, ,080 70,288 Deferred revenue, Auxiliary other 683, , ,000 Deferred revenue, gifts Deferred revenue, Venture Capital Loan Deferred revenue, other 185, ,506 32,519 Accrued interest payable 57,569 62,256 (4,687) Students' deposits 889, ,440 37,892 Other deposit liabilities 290, ,890 40,993 Current portion of workers' compensation liability 187, ,972 1,475 Current portion of compensated absences liability 637, ,391 (12,036) Current portion of postretirement liability 3,385,000 3,274, ,000 Current portion of capitalized lease obligations Current portion of loans/mortgages payable Current portion of bonds payable 2,494,506 2,615,535 (121,029) Current portion of bond premium/issuance costs 122, ,341 (36,691) Current portion of unamortized gain/loss on bond defeasance (13,322) (13,629) 307 Due to System, Venture Capital Loan Due to System, AFRP 245, ,801 (7,694) Due to Component Units 2,798,257 4,632,902 (1,834,645) Other current liabilities 1,814 3,063 (1,249) Total Current Liabilities 31,248,745 28,637,742 2,611,003 Noncurrent Liabilities Deferred revenue: Deferred revenue, students Deferred revenue, grants Deferred revenue, sales & services Deferred revenue, Auxiliary other 1,795, ,795,833 Deferred revenue, gifts Deferred revenue, Venture Capital Loan Deferred revenue, other 129, ,728 (7,701) Students' deposits Other deposit liabilities Workers' compensation liability 187, ,440 (15,316) Compensated absences liability 6,806,494 6,441, ,683 Postretirement benefits liability 41,413,089 37,448,375 3,964,714 Long-term portion of capitalized lease obligations Long-term portion of loans/mortgages payable Long-term portion of bonds payable 24,514,916 26,939,288 (2,424,372) Long-term portion of bond premium/issuance costs 376, ,082 (118,553) Long-term portion of unamortized gain/loss on bond defeasance (42,420) (57,566) 15,146 Due to System, Venture Capital Loan Due to System, AFRP 3,973,893 4,140,026 (166,133) Due to Component Units Other noncurrent liabilities 1,318,032 1,460,548 (142,516) Total Noncurrent Liabilities 80,472,517 77,206,732 3,265,785 Total Liabilities 111,721, ,844,474 5,876,788

19 Balance Sheet June 30, 2007, must be exactly as reported in last year's FINRPT. Increase Increase June 30 June 30 (Decrease) LIABILITIES AND NET ASSETS in balance Net Assets Invested in capital assets, net of related debt 58,638,266 47,608,695 11,029,571 Restricted for: Nonexpendable: Scholarships and fellowships Other Expendable: Scholarships and fellowships 10, ,000 Research 10,455 3,083 7,372 Student loans Capital projects 1,374,090 2,419,633 (1,045,543) Other 107,035 47,092 59,943 Unrestricted (4,223,813) 3,845,782 (8,069,595) Total Net Assets 55,916,133 53,924,385 1,991,748 Total Liabilities and Net Assets 167,637, ,768,859 7,868,536

20 Statement of Cash Flows Worksheet NOTE: GU (Gross-Ups) must be completed. FY 2007/08 Balance Net Cash Sheet University Provided Minor Object Change Adjustments (Used) Cash Flows from Operating Activities Tuition and fees Undergraduate In-State Tuition E&G ,051,967 0 Undergraduate Out-State Tuition E&G ,337,783 0 Graduate In-State Tuition E&G 403 4,658,715 0 Graduate Out-State Tuition E&G ,261 0 Non-Credit Continuing Education Fees E&G ,511 0 Technology Tuition Fee E&G 407 1,600,262 0 Academic/Instructional Fees E&G 408 4,661,870 0 Other Mandatory Student Fees Non-Aux 409 1,268,479 0 Nonmandatory Student Fees Non-Aux ,680 0 Less: Scholarship Discounts and Allowances Non-Aux 411 (11,750,406) 0 Balance Sheet - Change in A/R, students 894,339 0 Balance Sheet - Change in Def. Rev., students 3,295 0 Balance Sheet - Change in Student Deposits 37, ,215,648 A1 Grants and contracts Federal Grants E&G, Rest 421 7,928,944 0 State Grants E&G, Rest 422 8,432,027 0 Local Grants E&G, Rest System Grants E&G, Rest ,406 0 Private Contracts & Grants (Non Capital) E&G, Rest ,560 0 Balance Sheet - Change in A/R, gov. grants & contracts 303,861 0 Balance Sheet - Change in Def. Rev., grants ` 46,910 0 ADJ Balance Sheet-Change in AR, Gov Grants and Contracts-DGS Receivable 781,622 Payments to suppliers for goods and services Utilities & Supplies & Other Services from Exp Matrix Expense Matrix (32,264,406) 0 Balance Sheet - Change in Prepaid, suppliers (40,912) 0 Balance Sheet - Change in Inventories (1,563) 0 Balance Sheet - Change in A/P, supplies & services 3,216,889 (3,204,254) ADJ Non-cash expenses (ex., share funded expenses) 364,717 ADJ Balance Sheet-Change in AR, Gov Grants and Contracts-DGS Receivable (781,622) ADJ Payments to employees Salaries, Wages & Benefits Expense Matrix (91,703,131) 0 Balance Sheet - Change in Conversion pay receivable 6,443 0 Balance Sheet - Change in Prepaid, employees (263,821) 0 Balance Sheet - Change in A/P, employees 497,845 0 Balance Sheet - Change in worker's comp. liability (13,841) 0 Balance Sheet - Change in comp. absence liability 352,647 0 Balance Sheet - Change in postretirement liability 4,075, ,665,330 A2 (32,711,151) A3 (87,048,144) A4

21 Statement of Cash Flows Worksheet NOTE: GU (Gross-Ups) must be completed. FY 2007/08 Balance Net Cash Sheet University Provided Minor Object Change Adjustments (Used) Loans Issued to/collected from Students Balance Sheet - Change in loans receivable, net 98,766 (98,766) GU Loans issued (Perkins, emergency) (147,925) A5 GU Loans collected (Perkins, emergency) 149,231 A6 1,306 Student Aid Expense Matrix (4,746,000) 0 Auxiliary Enterprise Charges Student Fees Aux ,071,861 0 Less: Scholarship Discounts and Allowances Aux Food Service Sales Aux 461 9,832,012 0 Housing Fees Aux ,199,238 0 Other Auxillary (Aux. Plant Grants/Contracts excluded) Aux , 425, ,495 0 Balance Sheet - Change in A/R, students 367,860 0 Balance Sheet - Change in Def. Rev., students 1,355 0 Balance Sheet - A/R, Auxiliary other (2,052,656) 0 Balance Sheet - Change in Def. Rev., Auxiliary other 2,295,833 0 (4,746,000) A7 25,904,998 A8 Sales and services Non-Aux 469 2,524,001 0 Balance Sheet - Change in A/R, sales & services 0 0 Balance Sheet - Change in Def. Rev., sales & services 70,288 0 Other receipts (payments) Other E&G Operating E&G 470, 475, 479, 498 1,056,370 0 Other Restricted Operating Rest 475, 479, 498 (33,253) 0 Other Plant Unrestricted Operating Plant Unrest 479, ,399 0 Other Plant Operating Plant Rest 479, Balance Sheet - Change in due to/from Compon. Units (1,829,074) 0 Balance Sheet - Change in A/R, other 115,791 0 Balance Sheet - Change in other assets (210,000) 0 Balance Sheet - Change in A/P, other 68,266 0 Balance Sheet - Change in deferred revenue, other 24,818 0 Balance Sheet - Change in other liabilities (143,765) 0 2,594,289 A9 (467,893) A10 Depreciation (to reconcile Net Operating Revenues/Expenses) (6,627,438) Total Minor Object activity (39,205,238) Net Operating Revenues (Expenses) per SRECNA (39,205,238) Difference (must be 0) 0 Edit Net cash provided (used) by operating activities (27,591,617)

22 Statement of Cash Flows Worksheet NOTE: GU (Gross-Ups) must be completed. FY 2007/08 Balance Net Cash Sheet University Provided Change Adjustments (Used) Minor Object Cash Flows from Noncapital Financing Activities State appropriations E&G, Rest ,594, ,594,467 B1 Gifts for other than capital purposes Gifts (Plant excluded) E&G, Rest, Aux ,062 0 Additions to permanent endowments All Balance Sheet - Change in A/R, gifts 0 0 Balance Sheet - Change in Def. Rev., gifts ,062 B2 PLUS, Stafford, and other loans receipts (non-perkins) Note: these two lines are normally equal 45,348,024 45,348,024 B3 PLUS, Stafford, and other loans disbursements (non-perkins) Note: these two lines are normally equal (45,348,024) (45,348,024) B4 Agency transactions, net Balance Sheet - Change in other deposit liabilities 40,993 0 Other Parking and library fines E&G , ,993 B5 124,833 B6 Net cash provided (used) by noncapital financing activities 37,971,355

23 Statement of Cash Flows Worksheet NOTE: GU (Gross-Ups) must be completed. FY 2007/08 Balance Net Cash Sheet University Provided Minor Object Change Adjustments (Used) Cash Flows from Capital Financing Activities Proceeds from/principal paid on capital debt and leases Balance Sheet - Change in capitalized leases 0 0 Balance Sheet - Change in loans/mortgages payable 0 0 Balance Sheet - Change in bonds payable (2,545,401) 2,545,401 Balance Sheet - Change in due to System, venture capital 0 0 Balance Sheet - Change in due to System, AFRP (173,827) 173,827 Balance Sheet - Change in due from System, AFRP 0 0 GU Cash proceeds from capital debt and leases 1,609,369 C1 GU Principal paid on capital debt and leases (4,328,596) C6 (2,719,227) Capital appropriations All Plant 412 1,443,170 0 ADJ Non-cash appropriations (532,731) Capital grants and gifts received All Plant, NIP , ,740 0 Balance Sheet - Change in Def. Rev., venture capital ADJ Non-cash grants and gifts (165,843) 910,439 C2 10,897 C3 Proceeds from sales of/purchases of capital assets Gain (loss) on disposal of assets NIP 455 (11,241) 11,241 Balance Sheet - Change in capital assets (18,833,403) 18,833,403 Balance Sheet - Change in accum. depr., net of expense (525,944) 525,944 GU Cash proceeds from sales of capital assets (net of non-cash disposals) 0 C4 GU Capital assets purchased with cash (15,735,018) C5 (15,735,018) Interest paid on capital debt and leases Interest expense on capital asset -related debt Expense Matrix (1,451,553) 0 Balance Sheet - Change in accrued interest payable (4,687) 0 Balance Sheet - Change in bonds premium/issuance (155,244) 0 Balance Sheet - Change in bonds discount/issuance costs 7,654 0 Balance Sheet - Change in bonds gain/loss on defeasance 15,453 0 (1,588,377) C7 Net cash provided (used) by capital financing activities (19,121,286)

24 Statement of Cash Flows Worksheet NOTE: GU (Gross-Ups) must be completed. FY 2007/08 Balance Net Cash Sheet University Provided Minor Object Change Adjustments (Used) Cash Flows from Investing Activities Proceeds from sales and maturities/purchases of investments Unrealized gain/loss All Balance Sheet - Change in short-term investments 0 0 Balance Sheet - Change in endowment investments 0 0 Balance Sheet - Change in other long-term investments 0 0 GU Proceeds from sales and maturities of investments 0 D1 GU Purchases of investments 0 D3 0 Interest on Investments Endowment Income All ,450 0 Income on Other Investments All 452 2,994,776 0 Less: Investment Expenses All 453 (26,718) 0 Balance Sheet - Change in investment income receivable 54, ,163,948 D2 Net cash provided (used) by investing activities 3,163,948 Total University Adjustments (must = 0) 0 Edit Total Minor Object activity 1,991,748 1,991,748 Net Increase in Net Assets per SRECNA 1,991,748 Difference (must be 0) 0 Edit Add back depreciation expense 6,627,438 Net Balance Sheet Change (5,577,600) Change in cash per balance sheet (5,577,600) Difference (must be 0) 0 Edit Net Increase (Decrease) in cash (5,577,600) Cash--beginning of year 65,757,797 Cash--end of year 60,180,197

25 Statement of Cash Flows Worksheet NOTE: GU (Gross-Ups) must be completed. Reconciliation of Net Operating Revenues (Expenses) to Net Cash Provided (Used) By Operating Activities: Operating income (loss) Adjustments to reconcile operating income (loss) to net cash provided (used) by operating activities: Depreciation expense Non-cash expenses (i.e., paid by Commonwealth or donor) Minor Object FY 2007/08 Balance Net Cash Sheet University Provided Change Adjustments (Used) (39,205,238) E1 6,627,438 E2 364,717 E3 Changes in assets and liabilities: Change in A/R, students 894,339 Change in A/R, gov. grants & contracts 303,861 Change in A/R, Auxiliary other (2,052,656) Change in A/R, students, Auxiliary 367,860 Change in A/R, sales & services 0 Receivables, net (486,596) E4 Inventories (1,563) (1,563) E5 Change in Conversion pay receivable 6,443 Change in Prepaid, suppliers (40,912) Change in Prepaid, employees (263,821) Change in due to/from Compon. Units (1,829,074) Balance Sheet - Change in A/R, other 115,791 Change in other assets (210,000) Other assets Change in A/P, supplies & services 12,635 Change in A/P, employees 497,845 Change in A/P, other 68,266 Accounts payable Change in Def. Rev., students 3,295 Change in Def. Rev., grants 46,910 Change in Def. Rev., auxiliary other 2,295,833 Change in Def. Rev., students, Auxiliary 1,355 Change in Def. Rev., sales & services 70,288 Change in Def. Rev., other 24,818 Deferred revenue (2,221,573) E6 578,746 E7 2,442,499 E8 Student deposits 37,892 37,892 E9 Compensated absences 352, ,647 E10 Loans to students and employees 1,306 1,306 E11 Change in other liabilities (143,765) Change in postretirement liability 4,075,714 Change in worker's comp. liability (13,841) Other liabilities 3,918,108 E12 Net cash provided (used) by operating activities (27,591,617) Net cash provided (used) by operating activities per Cash Flows from Operating Activity, above (27,591,617) Difference (must be 0) 0 Edit

26 Statement of Cash Flows FY 2006/07 must be exactly as rep FY 2007/08 FY 2006/07 Cash Flows from Operating Activities A1 Tuition and fees 50,215,648 47,560,980 A2 Grants and contracts 18,665,330 16,143,789 A3 Payments to suppliers for goods and services (32,711,151) (31,547,097) A4 Payments to employees (87,048,144) (81,739,796) A5 Loans issued to students (147,925) (156,325) A6 Loans collected from students 149, ,990 A7 Student Aid (4,746,000) (4,625,669) A8 Auxiliary enterprise charges 25,904,998 23,458,555 A9 Sales and services 2,594,289 1,941,471 A10 Other receipts (payments) (467,893) 910,258 Net cash provided (used) by operating activities (27,591,617) (27,738,844) Cash Flows from Noncapital Financing Activities B1 State appropriations 37,594,467 37,183,999 B2 Gifts for other than capital purposes 211, ,898 B3 PLUS, Stafford, and other loans receipts (non-perkins) 45,348,024 41,362,715 B4 PLUS, Stafford, and other loans disbursements (non-perkins) (45,348,024) (41,362,715) B5 Agency transactions, net 40, ,920 B6 Other 124, ,643 Net cash provided by noncapital financing activities 37,971,355 37,700,460 Cash Flows from Capital Financing Activities C1 Proceeds from capital debt and leases 1,609,369 3,015,096 C2 Capital appropriations 910, ,807 C3 Capital grants and gifts received 10, ,106 C4 Proceeds from sales of capital assets 0 0 C5 Purchases of capital assets (15,735,018) (12,777,609) C6 Principal paid on capital debt and leases (4,328,596) (2,732,261) C7 Interest paid on capital debt and leases (1,588,377) (1,538,662) Net cash used by capital financing activities (19,121,286) (13,234,523) Cash Flows from Investing Activities D1 Proceeds from sales and maturities of investments 0 0 D2 Interest on investments 3,163,948 3,319,719 D3 Purchase of investments 0 0 Net cash provided by investing activities 3,163,948 3,319,719 Net Increase (Decrease) in cash (5,577,600) 46,812 Cash--beginning of year 65,757,797 65,710,985 Cash--end of year 60,180,197 65,757,797 Reconciliation of Net Operating Revenues (Expenses) to Net Cash Provided (Used) By Operating Activities: E1 Operating income (loss) (39,205,238) (35,942,175) Adjustments to reconcile operating income (loss) to net cash provided (used) by operating activities: E2 Depreciation expense 6,627,438 6,111,932 E3 Expenses paid by Commonwealth or Donor 364,717 0 Changes in assets and liabilities: E4 Receivables, net (486,596) (2,275,050) E5 Inventories (1,563) (11,501) E6 Other assets (2,221,573) 468,156 E7 Accounts payable 578, ,940 E8 Deferred revenue 2,442, ,059 E9 Student deposits 37,892 (96,355) E10 Compensated Absences 352, ,845 E11 Loans to students and employees 1, ,665 E12 Other liabilities 3,918,108 2,761,640 Net cash provided (used) by operating activities (27,591,617) (27,738,844) Noncash Transactions Equipment 331,592 0 Capital lease 0 0