Finance 2015-16 Institution: University of North Carolina Wilmington (199218) 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 137,688,009 121,736,990 Noncurrent Assets 31 Depreciable capital assets, net of depreciation 467,347,792 475,507,167 04 Other noncurrent assets 121,037,279 111,496,182 CV=[A05-A31] 05 Total noncurrent assets 588,385,071 587,003,349 06 Total assets CV=(A01+A05) 726,073,080 708,740,339 Current Liabilities 07 Long-term debt, current portion 7,499,550 6,944,171 08 Other current liabilities 29,484,723 12,423,898 CV=(A09-A07) 09 Total current liabilities 36,984,273 19,368,069 Noncurrent Liabilities 10 Long-term debt 224,594,349 230,356,027 11 Other noncurrent liabilities 18,930,333 13,867,239 CV=(A12-A10) 12 Total noncurrent liabilities 243,524,682 244,223,266 13 Total liabilities CV=(A09+A12) 280,508,955 263,591,335 Net Assets 14 Invested in capital assets, net of related debt 269,027,444 260,491,504 15 Restricted-expendable 34,838,427 38,085,095 16 Restricted-nonexpendable 52,633,965 45,850,210 17 Unrestricted 89,064,289 100,722,195 CV=[A18-(A14+A15+A16)] 18 Total net assets CV=(A06-A13) 445,564,125 445,149,004
Part A - Statement of Financial Position (Page 2) Line No. Description Ending balance Prior year Ending balance Capital Assets 21 Land and land improvements 9,263,459 9,263,459 22 Infrastructure 44,858,836 43,125,046 23 Buildings 569,214,816 566,719,330 32 Equipment, including art and library collections 43,007,190 40,582,289 27 Construction in progress 12,297,968 1,634,724 Total for Plant, Property and Equipment 678,642,269 661,324,848 CV = (A21+.. A27) 28 Accumulated depreciation 187,931,027 173,238,123 33 Intangible assets, net of accumulated amortization 0 34 Other capital assets 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) 15,675,173 15,019,986 02 Other federal grants (Do NOT include FDSL amounts) 341,237 331,630 03 Grants by state government 7,127,739 7,669,066 04 Grants by local government 0 05 Institutional grants from restricted resources 2,290,778 2,314,840 06 Institutional grants from unrestricted resources 15,399,262 14,997,619 CV=[E07-(E01+...+E05)] 07 Total gross scholarships and fellowships 40,834,189 40,333,141 Discounts and Allowances 08 Discounts and allowances applied to tuition and fees 16,803,286 16,439,024 09 Discounts and allowances applied to sales and services of 5,053,397 5,567,083 auxiliary enterprises 10 Total discounts and allowances CV=(E08+E09) 21,856,683 22,006,107 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. 18,977,506 18,327,034
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 103,282,202 96,421,397 Grants and contracts - operating 02 Federal operating grants and contracts 6,246,950 5,769,590 03 State operating grants and contracts 856,694 828,455 04 Local government/private operating grants and contracts 1,323,736 1,282,157 04a Local government operating grants and contracts 178,526 177,908 04b Private operating grants and contracts 1,145,210 1,104,249 05 Sales and services of auxiliary enterprises, 44,953,837 43,572,513 after deducting discounts and allowances 06 Sales and services of hospitals, 0 after deducting patient contractual allowances 26 Sales and services of educational activities 4,106,603 4,397,361 07 Independent operations 0 08 Other sources - operating 5,534,754 5,816,180 CV=[B09-(B01+...+B07)] 09 Total operating revenues 166,304,776 158,087,653
Part B - Revenues by Source Line No. Source of funds Current year amount Prior year amount Nonoperating Revenues 10 Federal appropriations 0 11 State appropriations 100,845,533 97,601,950 12 Local appropriations, education district taxes, and similar support 0 Grants-nonoperating 13 Federal nonoperating grants Do NOT include Federal Direct Student Loans 16,391,824 23,359,488 14 State nonoperating grants 7,127,739 0 15 Local government nonoperating grants 0 16 Gifts, including contributions from affiliated organizations 3,265,234 3,339,055 17 Investment income 5,904,517 11,050,574 18 Other nonoperating revenues 2,160,988 822,120 CV=[B19-(B10+...+B17)] 19 Total nonoperating revenues 135,695,835 136,173,187 27 Total operating and nonoperating revenues CV=[B19+B09] 302,000,611 294,260,840 28 12-month Student FTE from E12 13,885 13,306 29 Total operating and nonoperating revenues per student FTE CV=[B27/B28] 21,750 22,115
Part B - Revenues by Source Line No. Source of funds Current year amount Prior year amount Other Revenues and Additions 20 Capital appropriations 3,146,783 21 Capital grants and gifts 4,905,810 2,173,028 22 Additions to permanent endowments 1,490,453 3,936,562 23 Other revenues and additions 0 0 CV=[B24-(B20+...+B22)] 24 Total other revenues and additions 6,396,263 9,256,373 25 Total all revenues and other additions CV=[B09+B19+B24] 308,396,874 303,517,213
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 109,696,776 72,349,224 16,411,932 5,363,870 3,363,178 12,208,572 105,845,115 02 Research 13,152,111 5,210,876 992,112 1,353,162 848,440 769,499 3,978,022 12,684,236 03 Public service 3,504,758 1,488,708 332,262 266,211 166,916 25,484 1,225,177 3,529,920 05 Academic support 21,854,481 8,588,997 2,220,565 2,034,949 1,275,925 7,734,045 21,739,755 06 Student services 14,214,797 6,098,922 1,831,430 1,967,514 1,233,643 3,083,288 14,631,614 07 Institutional support 25,805,634 13,851,883 3,894,497 1,724,181 1,081,072 5,254,001 25,867,858 08 Operation and maintenance 0 9,927,218 3,476,615-25,564,275 146,417 12,014,025 0 of plant (see instructions) 10 Scholarships and fellowships expenses, excluding discounts and allowances (from E11) 18,977,506 18,977,506 18,327,034 11 Auxiliary enterprises 81,891,291 10,376,833 3,651,743 12,854,387 8,059,776 10,938,990 36,009,562 81,883,988 12 Hospital services 0 0 13 Independent operations 0 0 14 Other expenses and deductions CV=[C19-(C01+...+C13)] 228,957 0 0 1 1 0 228,955 216,874 19 Total expenses and deductions 289,326,311 127,892,661 32,811,156 0 16,028,951 11,880,390 100,713,153 284,726,394 Prior year amount 284,726,394 125,566,731 34,354,877 16,194,951 11,482,010 97,127,825 20 12-month Student FTE from E12 13,885 13,306 21 Total expenses and deductions per student FTE CV=[C19/C20] 20,837 21,398
Part M - Additional (Unfunded) Pension Information Line No. Description Current year amount 01 Additional (or decreased) pension expense 1,663,168 02 Additional pension liability (or asset) 4,270,426 03 Deferred inflows of resources 16,048,182 04 Deferred outflows of resources 4,876,686
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) 308,396,874 303,517,213 02 Total expenses and deductions (from C19) 289,326,311 284,726,394 03 Change in net position during year 19,070,563 18,790,819 CV=(D01-D02) 04 Net position beginning of year 445,149,004 426,358,185 05 Adjustments to beginning net position and other gains or losses -18,655,442 0 CV=[D06-(D03+D04)] 06 Net position end of year (from A18) 445,564,125 445,149,004
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 85,284,962 73,765,160 02 Value of endowment assets at the end of the fiscal year 88,117,743 85,284,962
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 120,085,488 120,085,488 02Sales and services 54,113,837 4,106,603 50,007,234 03 Federal grants/contracts (excludes Pell Grants) 6,246,950 6,246,950 Revenue from the state government: 04 State appropriations, current & capital 100,845,533 100,845,533 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 856,694 856,694 0 178,526 178,526 10,806,707 10Interest earnings 655,217 11Dividend earnings 3,550,110 12Realized capital gains 4,056,123
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) 01Salaries and wages 127,892,661 117,515,828 10,376,833 02Employee benefits, total 40,084,642 36,432,899 3,651,743 10,934,675 9,979,531 955,144 03 Payment to state retirement funds (maybe included in line 02 above) 04 Current expenditures other than 81,506,692 45,497,130 36,009,562 salaries Capital outlay: 05Construction 13,638,273 13,638,273 06Equipment purchases 3,872,892 3,872,892 07Land purchases 0 08 Interest on debt outstanding, all 11,880,390 funds and activities 09Scholarships/fellowships 40,834,189 40,834,189
Part L - Debt and Assets, page 1 Debt Category Amount 01 Long-term debt outstanding at beginning of fiscal year 237,300,198 02 Long-term debt issued during fiscal year 65,736,641 03 Long-term debt retired during fiscal year 70,942,940 04 Long-term debt outstanding at end of fiscal year 232,093,899 05 Short-term debt outstanding at beginning of fiscal year 06 Short-term debt outstanding at end of fiscal year
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 1,312,323 08 Total cash and security assets held at end of fiscal year in bond funds 6,756,005 09 Total cash and security assets held at end of fiscal year in all other funds 208,913,157
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 $103,282,202 39% $7,438 State appropriations $100,845,533 38% $7,263 Local appropriations $0 0% $0 Government grants and contracts $30,801,733 12% $2,218 Private gifts, grants, and contracts $4,410,444 2% $318 Investment income $5,904,517 2% $425 Other core revenues $18,198,608 7% $1,311 Total core revenues $263,443,037 100% $18,973 Total revenues $308,396,874 $22,211 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 $109,696,776 53% $7,900 Research $13,152,111 6% $947 Public service $3,504,758 2% $252 Academic support $21,854,481 11% $1,574 Institutional support $25,805,634 12% $1,859 Student services $14,214,797 7% $1,024 Other core expenses $19,206,463 9% $1,383 Total core expenses $207,435,020 100% $14,940 Total expenses $289,326,311 $20,837 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 13,885 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 North Carolina Wilmington (199218) Source Description Severity Resolved Options Screen: Expenses Upload File The amount of interest expenses allocated to instruction on line 01 is outside the expected range of between 1,188,039 and 8,316,273 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. UNC does not typically have a large portion of its interest expense allocated to instruction due to the fact that most instruction is provided from facilities constructed and maintained through direct state appropriation. Any debt and subsequent interest related to the maintenance and construction of these facilities is incurred at the state wide level in North Carolina and is not recorded in an individual university s audited financial statement. ALB Screen: Net Position Perform Edits The calculated amount of adjustments to beginning net position and other gains or losses in Part D (line 05) is outside the expected range. Please correct your data or explain. (Error #5199) Explanation Yes Reason: The amount of adjustments to beginning net position and other gains or losses is outside the expected range due to the implementation of GASB 68 which resulted in the restatement of Net Position to record the Net Pension Liability and Pension Related Deferred Outflows of Resources. Related Net Position Screens: