Finance 2015-16 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 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 77,388,471 60,349,855 Noncurrent Assets 31 Depreciable capital assets, net of depreciation 210,191,114 206,870,894 04 Other noncurrent assets 24,466,547 13,701,615 CV=[A05-A31] 05 Total noncurrent assets 234,657,661 220,572,509 06 Total assets CV=(A01+A05) 312,046,132 280,922,364 Current Liabilities 07 Long-term debt, current portion 5,063,687 4,951,442 08 Other current liabilities 18,191,323 12,769,286 CV=(A09-A07) 09 Total current liabilities 23,255,010 17,720,728 Noncurrent Liabilities 10 Long-term debt 89,978,818 81,190,298 11 Other noncurrent liabilities 9,666,525 1,381,113 CV=(A12-A10) 12 Total noncurrent liabilities 99,645,343 82,571,411 13 Total liabilities CV=(A09+A12) 122,900,353 100,292,139 Net Assets 14 Invested in capital assets, net of related debt 115,148,609 120,729,154 15 Restricted-expendable 38,031,955 25,016,303 16 Restricted-nonexpendable 11,165,279 157,149 17 Unrestricted 24,799,936 34,727,619 CV=[A18-(A14+A15+A16)] 18 Total net assets CV=(A06-A13) 189,145,779 180,630,225
Part A - Statement of Financial Position (Page 2) Line No. Description Ending balance Prior year Ending balance Capital Assets 21 Land and land improvements 6,073,194 5,970,452 22 Infrastructure 20,890,283 18,988,089 23 Buildings 257,999,106 256,292,585 32 Equipment, including art and library collections 59,585,957 57,226,509 27 Construction in progress 7,556,525 198,510 Total for Plant, Property and Equipment 352,105,065 338,676,145 CV = (A21+.. A27) 28 Accumulated depreciation 141,913,951 131,805,252 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) 12,737,918 12,944,843 02 Other federal grants (Do NOT include FDSL amounts) 681,736 949,211 03 Grants by state government 317,378 1,692 04 Grants by local government 0 0 05 Institutional grants from restricted resources 1,083,462 1,005,928 06 Institutional grants from unrestricted resources 2,216,160 1,661,282 CV=[E07-(E01+...+E05)] 07 Total gross scholarships and fellowships 17,036,654 16,562,956 Discounts and Allowances 08 Discounts and allowances applied to tuition and fees 8,321,808 8,571,125 09 Discounts and allowances applied to sales and services of 2,196,149 2,216,504 auxiliary enterprises 10 Total discounts and allowances CV=(E08+E09) 10,517,957 10,787,629 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. 6,518,697 5,775,327
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 51,358,878 53,114,993 Grants and contracts - operating 02 Federal operating grants and contracts 3,728,217 4,507,773 03 State operating grants and contracts 3,658,066 3,512,703 04 Local government/private operating grants and contracts 1,600,967 1,632,701 04a Local government operating grants and contracts 81,199 325,317 04b Private operating grants and contracts 1,519,768 1,307,384 05 Sales and services of auxiliary enterprises, 23,883,858 23,803,252 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 11,992,042 11,385,943 07 Independent operations 0 0 08 Other sources - operating 15,489,681 16,113,510 CV=[B09-(B01+...+B07)] 09 Total operating revenues 111,711,709 114,070,875
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 28,918,086 30,299,419 12 Local appropriations, education district taxes, and similar support 0 0 Grants-nonoperating 13 Federal nonoperating grants Do NOT include Federal Direct Student Loans 12,737,918 12,953,579 14 State nonoperating grants 0 0 15 Local government nonoperating grants 0 0 16 Gifts, including contributions from affiliated organizations 2,034,429 1,988,896 17 Investment income 72,446 83,505 18 Other nonoperating revenues 0 0 CV=[B19-(B10+...+B17)] 19 Total nonoperating revenues 43,762,879 45,325,399 27 Total operating and nonoperating revenues CV=[B19+B09] 155,474,588 159,396,274 28 12-month Student FTE from E12 8,717 8,973 29 Total operating and nonoperating revenues per student FTE CV=[B27/B28] 17,836 17,764
Part B - Revenues by Source Line No. Source of funds Current year amount Prior year amount Other Revenues and Additions 20 Capital appropriations 8,072,357 893,768 21 Capital grants and gifts 8,164 35,877 22 Additions to permanent endowments 0 0 23 Other revenues and additions 725,547 4,291,087 CV=[B24-(B20+...+B22)] 24 Total other revenues and additions 8,806,068 5,220,732 25 Total all revenues and other additions CV=[B09+B19+B24] 164,280,656 164,617,006
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 Employee Depreciation Interest All other PY Total wages Amount fringe benefits Operation and maintenance of plant 01 Instruction 60,948,742 33,222,218 10,527,010 4,887,094 3,632,078 0 8,680,342 61,111,644 02 Research 3,218,781 1,398,280 474,360 258,094 191,815 0 896,232 3,697,162 03 Public service 16,904,524 5,434,180 2,317,970 1,355,467 1,007,380 0 6,789,527 13,691,293 05 Academic support 14,672,757 7,000,288 2,844,681 1,176,516 874,384 0 2,776,888 15,407,697 06 Student services 22,185,829 9,326,450 3,474,450 1,778,862 1,322,046 994 6,283,027 23,092,261 07 Institutional support 13,873,970 7,254,403 3,100,445 1,112,466 826,782 0 1,579,874 12,579,592 08 Operation and maintenance 0 4,690,122 2,093,413-12,446,297 734,825 1,104,161 3,823,776 0 of plant (see instructions) 10 Scholarships and fellowships expenses, excluding discounts and allowances (from E11) 6,518,697 6,518,697 5,775,327 11 Auxiliary enterprises 25,032,299 6,396,724 2,019,183 1,877,798 1,395,576 1,613,582 11,729,436 25,780,602 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)] 1,911,072 21,219 46 0 123,813 1 1,765,993 2,568,306 19 Total expenses and deductions 165,266,671 74,743,884 26,851,558 0 10,108,699 2,718,738 50,843,792 163,703,884 Prior year amount 163,703,884 72,828,748 27,979,264 9,558,558 3,384,292 49,953,022 20 12-month Student FTE from E12 8,717 8,973 21 Total expenses and deductions per student FTE CV=[C19/C20] 18,959 18,244
Part M - Additional (Unfunded) Pension Information Line No. Description Current year amount 01 Additional (or decreased) pension expense -1,891,030 02 Additional pension liability (or asset) -6,264,997 03 Deferred inflows of resources 259,603 04 Deferred outflows of resources 8,415,631
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) 164,280,656 164,617,006 02 Total expenses and deductions (from C19) 165,266,671 163,703,884 03 Change in net position during year -986,015 913,122 CV=(D01-D02) 04 Net position beginning of year 180,630,225 179,717,103 05 Adjustments to beginning net position and other gains or losses 9,501,569 0 CV=[D06-(D03+D04)] 06 Net position end of year (from A18) 189,145,779 180,630,225
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 21,837,314 19,309,035 02 Value of endowment assets at the end of the fiscal year 25,109,595 21,837,314
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 59,680,686 59,680,686 02 Sales and services 38,072,049 11,992,042 26,080,007 0 0 03 Federal grants/contracts (excludes Pell Grants) 12,316,977 12,316,977 0 0 0 Revenue from the state government: 04 State appropriations, current & capital 28,918,086 28,918,086 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 3,658,066 3,658,066 0 0 0 0 0 0 0 0 81,199 81,199 0 0 0 0 3,576,309 10Interest earnings 72,049 11Dividend earnings 2,911 12Realized capital gains 10,189
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 6,610,614 213,890 6,396,724 0 0 02 Employee benefits, total 1,644,768-374,415 2,019,183 0 0 03 Payment to state retirement funds 5,110,069 4,708,893 401,176 0 0 (maybe included in line 02 above) 04 Current expenditures other than 39,316,999 28,295,539 11,021,460 0 0 salaries Capital outlay: 05 Construction 5,223,454 0 5,223,454 0 0 06 Equipment purchases 1,794,764 1,748,913 45,851 0 0 07 Land purchases 102,742 0 102,742 0 0 08 Interest on debt outstanding, all 2,718,738 funds and activities 09Scholarships/fellowships 17,036,654 17,036,654
Part L - Debt and Assets, page 1 Debt Category Amount 01 Long-term debt outstanding at beginning of fiscal year 87,850,735 02 Long-term debt issued during fiscal year 11,760,966 03 Long-term debt retired during fiscal year -1,513,634 04 Long-term debt outstanding at end of fiscal year 84,475,358 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 4,577,934 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 55,098,216
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 $51,358,878 37% $5,892 State appropriations $28,918,086 21% $3,317 Local appropriations $0 0% $0 Government grants and contracts $20,205,400 14% $2,318 Private gifts, grants, and contracts $3,554,197 3% $408 Investment income $72,446 0% $8 Other core revenues $36,287,791 26% $4,163 Total core revenues $140,396,798 100% $16,106 Total revenues $164,280,656 $18,846 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 $60,948,742 43% $6,992 Research $3,218,781 2% $369 Public service $16,904,524 12% $1,939 Academic support $14,672,757 10% $1,683 Institutional support $13,873,970 10% $1,592 Student services $22,185,829 16% $2,545 Other core expenses $8,429,769 6% $967 Total core expenses $140,234,372 100% $16,087 Total expenses $165,266,671 $18,959 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 8,717 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-Stevens Point (240480) Source Description Severity Resolved Options 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 of interest expenses allocated to instruction on line 01 is outside the expected range of between 271,874 and 1,903,116 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) Confirmation Yes 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