Overview Finance 2015-16 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 are a few new changes to the 2015-16 Finance data collection. A new FAQ clarifying how to report VA education benefits has been added for all institutions. For GASB institutions, a new pension screen (Part M) has been added to accommodate the implementation of GASB Statement 68. Please review the new screen and survey materials carefully. Additionally, instructions for parts J,K,L have been slightly modified and FAQs have been added for clarity. 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 1-877-225-2568.
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.
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, 2015.) Beginning: month/year (MMYYYY) Month: 7 Year: 2014 And ending: month/year (MMYYYY) Month: 6 Year: 2015 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? No Yes - (report endowment assets) 6. Pension Did your institution recognize additional (or decreased) pension expense, additional liability (or assets), or additional deferral related to the implementation of GASB Statement 68 for one or more defined benefit pension plans (either as a single employer, agent employer or cost-sharing multiple employer) in Fiscal Year 2015? No Yes - (report additional (unfunded) pension information)
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 01 Total current assets 25,737,367 17,976,942 Noncurrent Assets 31 Depreciable capital assets, net of depreciation 123,147,993 127,945,534 04 Other noncurrent assets 7,737,369 3,186,724 CV=[A05-A31] 05 Total noncurrent assets 130,885,362 131,132,258 06 Total assets CV=(A01+A05) 156,622,729 149,109,200 Current Liabilities 07 Long-term debt, current portion 2,780,109 2,997,715 08 Other current liabilities 5,067,224 4,964,362 CV=(A09-A07) 09 Total current liabilities 7,847,333 7,962,077 Noncurrent Liabilities 10 Long-term debt 43,031,918 42,627,037 11 Other noncurrent liabilities 4,076,499 569,551 CV=(A12-A10) 12 Total noncurrent liabilities 47,108,417 43,196,588 13 Total liabilities CV=(A09+A12) 54,955,750 51,158,665 Net Assets 14 Invested in capital assets, net of related debt 77,335,966 82,320,782 15 Restricted-expendable 11,067,944 8,044,622 16 Restricted-nonexpendable 5,472,439 801,725 17 Unrestricted 7,790,630 6,783,406 CV=[A18-(A14+A15+A16)] 18 Total net assets CV=(A06-A13) 101,666,979 97,950,535
Part A - Statement of Financial Position (Page 2) Line No. Description Ending balance Prior year Ending balance Capital Assets 21 Land and land improvements 2,159,079 2,159,079 22 Infrastructure 13,251,326 13,251,326 23 Buildings 150,724,329 149,049,183 32 Equipment, including art and library collections 36,211,565 38,555,465 27 Construction in progress 57,500 530,566 Total for Plant, Property and Equipment 202,403,799 203,545,619 CV = (A21+.. A27) 28 Accumulated depreciation 79,255,806 75,600,085 33 Intangible assets, net of accumulated amortization 0 0 34 Other capital assets 0 0
Part E - Scholarships and Fellowships DO NOT REPORT FEDERAL DIRECT STUDENT LOANS (FDSL) ANYWHERE IN THIS SECTION Line No. Scholarships and Fellowships Current year amount Prior year amount 01 Pell grants (federal) 7,947,334 8,380,026 02 Other federal grants (Do NOT include FDSL amounts) 464,706 462,949 03 Grants by state government 504,472 20,300 04 Grants by local government 0 0 05 Institutional grants from restricted resources 603,886 614,314 06 Institutional grants from unrestricted resources 887,071 1,226,816 CV=[E07-(E01+...+E05)] 07 Total gross scholarships and fellowships 10,407,469 10,704,405 Discounts and Allowances 08 Discounts and allowances applied to tuition and fees 5,562,735 5,823,823 09 Discounts and allowances applied to sales and services of 931,993 1,058,082 auxiliary enterprises 10 Total discounts and allowances CV=(E08+E09) 6,494,728 6,881,905 11 Net scholarships and fellowships expenses after deducting discounts and allowances CV= (E07-E10) This amount will be carried forward to C10 of the expense section. 3,912,741 3,822,500
Part B - Revenues by Source Line No. Source of Funds Current year amount Prior year amount Operating Revenues 01 Tuition and fees, after deducting discounts & allowances 20,091,080 19,537,346 Grants and contracts - operating 02 Federal operating grants and contracts 1,004,640 1,386,817 03 State operating grants and contracts 100,130 131,612 04 Local government/private operating grants and contracts 708,092 475,921 04a Local government operating grants and contracts 0 41,905 04b Private operating grants and contracts 708,092 434,016 05 Sales and services of auxiliary enterprises, 6,413,899 6,395,221 after deducting discounts and allowances 06 Sales and services of hospitals, 0 0 after deducting patient contractual allowances 26 Sales and services of educational activities 1,560,240 1,457,618 07 Independent operations 0 0 08 Other sources - operating 5,855,016 5,885,362 CV=[B09-(B01+...+B07)] 09 Total operating revenues 35,733,097 35,269,897
Part B - Revenues by Source Line No. Source of funds Current year amount Prior year amount Nonoperating Revenues 10 Federal appropriations 0 0 11 State appropriations 20,402,788 21,664,431 12 Local appropriations, education district taxes, and similar support 0 0 Grants-nonoperating 13 Federal nonoperating grants Do NOT include Federal Direct Student Loans 7,949,731 8,380,026 14 State nonoperating grants 0 0 15 Local government nonoperating grants 0 0 16 Gifts, including contributions from affiliated organizations 616,536 657,179 17 Investment income 58,665 201,029 18 Other nonoperating revenues 0 70,606 CV=[B19-(B10+...+B17)] 19 Total nonoperating revenues 29,027,720 30,973,271 27 Total operating and nonoperating revenues CV=[B19+B09] 64,760,817 66,243,168 28 12-month Student FTE from E12 3,814 3,801 29 Total operating and nonoperating revenues per student FTE CV=[B27/B28] 16,980 17,428
Part B - Revenues by Source Line No. Source of funds Current year amount Prior year amount Other Revenues and Additions 20 Capital appropriations 2,466,997 1,689,278 21 Capital grants and gifts 31,612 36,684 22 Additions to permanent endowments 0 3,172 23 Other revenues and additions 1,365,364 646,845 CV=[B24-(B20+...+B22)] 24 Total other revenues and additions 3,863,973 2,375,979 25 Total all revenues and other additions CV=[B09+B19+B24] 68,624,790 68,619,147
Part C - Expenses by Functional and Natural Classification Report Total Operating AND Nonoperating Expenses in this section Expense Natural Classifications Line Expense Functional No. Classifications Total amount 1 2 3 4 5 6 7 8 Salaries and Depreciation Interest All other PY Total wages Amount Employee fringe benefits Operation and maintenance of plant 01 Instruction 22,354,081 12,261,974 3,473,691 2,992,991 1,671,829 88 1,953,508 23,741,727 02 Research 242,047 103,640 25,061 32,408 18,102 0 62,836 394,576 03 Public service 2,005,568 753,488 264,126 268,527 149,994 0 569,433 2,540,293 05 Academic support 10,005,487 3,963,519 1,598,007 1,339,014 747,948 4,686 2,352,313 9,741,184 06 Student services 12,215,806 4,986,254 2,093,081 1,635,274 913,434 2,302 2,585,461 12,404,877 07 Institutional support 6,929,187 3,320,009 1,420,225 927,055 517,836 5,213 738,849 6,942,012 08 Operation and maintenance 0 2,191,884 981,705-8,219,019 617,962 1,062,562 3,364,906 0 of plant (see instructions) 10 Scholarships and fellowships expenses, excluding discounts and allowances (from E11) 3,912,741 3,912,741 3,822,500 11 Auxiliary enterprises 8,364,682 848,572 370,021 1,023,750 571,848 718,518 4,831,973 10,013,467 12 Hospital services 0 0 0 0 0 0 0 0 13 Independent operations 0 0 0 0 0 0 0 0 14 Other expenses and deductions CV=[C19-(C01+...+C13)] 2,862,709 909 0 0 247,196 0 2,614,604 2,799,291 19 Total expenses and deductions 68,892,308 28,430,249 10,225,917 0 5,456,149 1,793,369 22,986,624 72,399,927 Prior year amount 72,399,927 29,441,856 11,431,623 5,433,058 2,050,729 24,042,661 20 12-month Student FTE from E12 3,814 3,801 21 Total expenses and deductions per student FTE CV=[C19/C20] 18,063 19,048
Part M - Additional (Unfunded) Pension Information Line No. Description Current year amount 01 Additional (or decreased) pension expense -792,900 02 Additional pension liability (or asset) -2,626,883 03 Deferred inflows of resources 108,851 04 Deferred outflows of resources 3,528,634
Part D - Summary of Changes In Net Position Line No. Description Current year amount Prior year amount 01 Total revenues and other additions (from B25) 68,624,790 68,619,147 02 Total expenses and deductions (from C19) 68,892,308 72,399,927 03 Change in net position during year -267,518-3,780,780 CV=(D01-D02) 04 Net position beginning of year 97,950,535 101,731,315 05 Adjustments to beginning net position and other gains or losses 3,983,962 0 CV=[D06-(D03+D04)] 06 Net position end of year (from A18) 101,666,979 97,950,535
Part H - Details of Endowment Assets Line Value of Endowment Assets No. 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. 01 Value of endowment assets at the beginning of the fiscal year 5,550,342 4,950,271 02 Value of endowment assets at the end of the fiscal year 5,686,526 5,550,342
Part J - Revenue Data for Bureau of Census Source and type Amount Total for all funds and operations (includes endowment funds, but excludes component units) Education and general/independent operations Auxiliary enterprises Hospitals Agriculture extension/experiment services (1) (2) (3) (4) (5) 01Tuition and fees 25,653,815 25,653,815 02 Sales and services 8,906,132 1,560,240 7,345,892 0 0 03 Federal grants/contracts (excludes Pell Grants) 1,012,940 1,012,940 0 0 0 Revenue from the state government: 04 State appropriations, current & capital 20,402,788 20,402,788 0 0 0 05 State grants and contracts Revenue from local governments: 06 Local appropriation, current & capital 07 Local government grants/contracts 08 Receipts from property and non-property taxes 09 Gifts and private grants, including capital grants 100,130 100,130 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1,356,240 10Interest earnings 55,817 11Dividend earnings 20,918 12Realized capital gains 73,201
Part K - Expenditure Data for Bureau of Census Category Amount Total for all funds and Education and operations (includes general/ endowment funds, but independent excludes component units) operations Auxiliary enterprises Hospitals Agriculture extension/ experiment services (1) (2) (3) (4) (5) 01 Salaries and wages 845,014-3,558 848,572 0 0 02 Employee benefits, total 209,954-160,067 370,021 0 0 03 Payment to state retirement funds 2,125,330 2,046,421 78,909 0 0 (maybe included in line 02 above) 04 Current expenditures other than 16,437,045 11,773,505 4,663,540 0 0 salaries Capital outlay: 05 Construction 349,597 334,722 14,875 0 0 06 Equipment purchases 656,478 656,478 0 0 0 07 Land purchases 0 0 0 0 0 08 Interest on debt outstanding, all 1,793,369 funds and activities 09Scholarships/fellowships 10,407,469 10,407,469
Part L - Debt and Assets, page 1 Debt Category Amount 01 Long-term debt outstanding at beginning of fiscal year 46,438,326 02 Long-term debt issued during fiscal year 6,602,388 03 Long-term debt retired during fiscal year -819,559 04 Long-term debt outstanding at end of fiscal year 44,845,118 05 Short-term debt outstanding at beginning of fiscal year 0 06 Short-term debt outstanding at end of fiscal year 0
Part L - Debt and Assets, page 2 Assets Category Amount 07 Total cash and security assets held at end of fiscal year in sinking or debt service funds 0 08 Total cash and security assets held at end of fiscal year in bond funds 0 09 Total cash and security assets held at end of fiscal year in all other funds 14,826,267
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 2016. 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: 1-877-225-2568 or ipedshelp@rti.org. Core Revenues Revenue Source Reported values Percent of total core revenues Core revenues per FTE enrollment Tuition and fees $20,091,080 32% $5,268 State appropriations $20,402,788 33% $5,349 Local appropriations $0 0% $0 Government grants and contracts $9,054,501 15% $2,374 Private gifts, grants, and contracts $1,324,628 2% $347 Investment income $58,665 0% $15 Other core revenues $11,279,229 18% $2,957 Total core revenues $62,210,891 100% $16,311 Total revenues $68,624,790 $17,993 Other core revenues include federal appropriations; sales and services of educational activities; other operating and nonoperating sources; and other revenues and additions (e.g., capital appropriations, capital grants and gifts, etc.). Core revenues exclude revenues from auxiliary enterprises (e.g., bookstores, dormitories), hospitals, and independent operations. For institutions reporting in Full parent/child relationships, core revenues per FTE enrollment amounts will not be allocated to child institutions. Core Expenses Expense function Reported values Percent of total core expenses Core expenses per FTE enrollment Instruction $22,354,081 37% $5,861 Research $242,047 0% $63 Public service $2,005,568 3% $526 Academic support $10,005,487 17% $2,623 Institutional support $6,929,187 11% $1,817 Student services $12,215,806 20% $3,203 Other core expenses $6,775,450 11% $1,776 Total core expenses $60,527,626 100% $15,870 Total expenses $68,892,308 $18,063 Other core expenses include scholarships and fellowships, net of discounts and allowances, and other expenses. Core expenses exclude expenses from auxiliary enterprises (e.g., bookstores, dormitories), hospitals, and independent operations. For institutions reporting in Full parent/child relationships, core expenses per FTE enrollment amounts will not be allocated to child institutions. Calculated value
FTE enrollment 3,814 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.
Edit Report Finance University of Wisconsin-Parkside (240374) Source Description Severity Resolved Options Screen: Expenses Screen Entry The amount of interest expenses allocated to instruction on line 01 is outside the expected range of between 179,337 and 1,255,358 compared to the total interest expenditures reported across all functional expense categories. Please correct your data or contact the IPEDS Help Desk for assistance. (Error #5178) Fatal Yes Reason: Overridden by administrator. The majority of the current debt owed is GPR-funded and supported by the State of Wisconsin CAFR.JMP Screen: Net Position Perform Edits The calculated amount of change in net position during the year in Part D (line 03) is expected to be greater than zero. Please confirm that the data reported are correct. (Error #5202) Related Net Position Screens: Confirmation Yes