Finance 2005-06

Institution: Indiana University-South Bend (151342)	User ID: 88G2401
Finance - Public institutions
Reporting Standard   Please indicate which reporting standards are used to prepare your financial statements:            GASB (Governmental Accounting Standard Board), using standards of GASB 34 & 35      FASB (Financial Accounting Standard 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.

Institution: Indiana University-South Bend (151342)	User ID: 88G2401
Finance - Public institutions
General Information Finance - Public Institutions   To the extent possible, the finance data requested in this report should be provided from your institution's audited General Purpose Financial Statement (GPFS). Please refer to the instructions specific to each page of the survey for detailed instruction 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, 2005.)   Beginning: month/year (MMYYYY)   Month:  7   Year:  2004   And ending: month/year (MMYYYY)   Month:  6   Year:  2005   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.)          Yes   No   Don't know                   3. 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. 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 caveats box below)                   5. Does this institution or any of its foundations or other affiliated organizations own endowment assets ?          Yes - (report endowment assets)                      No   6.Component Units   Each discretely presented component unit should be reported in the same manner and amounts as included on the face of the institution’s GPFS. There should be one Finance Survey component unit form (Part F or G) completed for each column on the face of the GPFS other than the institution itself, whether that column represents a single component unit or a combination of component units.         0   Number of component unit columns on GPFS using FASB standards     0   Number of component unit columns on GPFS using GASB standards   System or Governing Board (please see instructions about reporting System data)   Please select the applicable option below:         This Finance Survey form is for an institution that is NOT part of a system         This Finance Survey form is for an institution that is part of a system      Name of the system is:  Indiana University         This Finance Survey form is for a system (or governing board) office   Caveats:

Institution: Indiana University-South Bend (151342)	User ID: 88G2401
Part A - Statement of Net Assets
Fiscal Year 2005      Report in whole dollars only      Line no.      Current year amount   Prior year amount      Current Assets          01   Total Current Assets  19,237,812  25,491,340         Noncurrent Assets          02   Capital assets - depreciable (gross)  110,341,917  89,551,059   03   Accumulated depreciation (enter as a positive amount)  35,689,175  33,270,788   04   Other noncurrent assets (CV) CV=[A05-(A02-A03)]  3,861,797  11,100,726   05   Total noncurrent assets  78,514,539  67,380,997      06   Total assets (CV) CV=(A01+A05)  97,752,351  92,872,337         Current Liabilities          07   Long-term debt, current portion  2,707,718  3,059,032   08   Other current liabilities (CV) CV=(A09-A07)  5,490,710  5,909,290   09   Total current liabilities  8,198,428  8,968,322         Noncurrent Liabilities          10   Long-term debt  31,817,022  34,452,420   11   Other noncurrent liabilities (CV) CV=(A12-A10)  1,504,634  1,607,100   12   Total noncurrent liabilities  33,321,656  36,059,520      13   Total liabilities (CV) CV=(A09+A12)  41,520,084  45,027,842         Net Assets          14   Invested in capital assets, net of related debt  40,351,290  27,554,816   15   Restricted-expendable  2,988,953  8,571,704   16   Restricted-nonexpendable  10,085  9,719   17   Unrestricted (CV) CV=[A18-(A14+A15+A16)]  12,881,939  11,708,256   18   Total Net assets (CV) CV=(A06-A13)  56,232,267  47,844,495         CV= Calculated Value      CAVEATS

Institution: Indiana University-South Bend (151342)	User ID: 88G2401
Part A - Plant, Property, and Equipment
Fiscal Year 2005      Report in whole dollars only                  Line No.   Description   Beginning balance   Additions   Retirements (CV)   Ending balance      Plant,Property, and Equipment                  21   Land & land improvements  5,409,495    0  5,409,495   22   Infrastructure  2,192,640  77,011  0  2,269,651   23   Buildings  77,712,658  285,245  42,686  77,955,217   24   Equipment  2,429,435  480,618  77,383  2,832,670   25   Art and library collections  5,691,107  596,723  446,221  5,841,609   26   Property obtained under capital leases (if not included in equipment)  0    0     27   Construction in progress  5,011,597  11,021,678  0  16,033,275   28   Accumulated depreciation  33,380,664  2,844,415  535,904  35,689,175         CV = (Beginning Balance + Additions - Ending Balance)            CAVEATS

Institution: Indiana University-South Bend (151342)	User ID: 88G2401
Part B - Revenues and Other Additions
Fiscal Year 2005      Report in whole dollars only            Line No.   Source of Funds   Current year amount   Prior year amount      Operating Revenues         01   Tuition & fees, after deducting discounts & allowances  26,502,549  22,042,358      Grants and contracts - operating         02   Federal operating grants and contracts  5,577,256  5,313,974   03   State operating grants and contracts  207,683  138,371   04   Local/private operating grants and contracts  172,623  215,304   05   Sales & services of auxiliary enterprises, after deducting discounts & allowances  6,110,388  5,931,849   06   Sales & services of hospitals, after deducting patient contractual allowances    0   07   Independent operations    0   08   Other sources - operating (CV) CV=[B09-(B01+ ....+B07)]  6,056,754  3,156,518   09   Total operating revenues  44,627,253  36,798,374

Institution: Indiana University-South Bend (151342)	User ID: 88G2401
Part B - Revenues and Other Additions
Fiscal Year 2005      Report in whole dollars only             Line No.   Source of funds   Current year amount   Prior year amount      Nonoperating Revenues         10   Federal appropriations    0   11   State appropriations  28,261,838  27,395,869   12   Local appropriations, education district taxes, & similar support    0      Grants-nonoperating         13   Federal nonoperating grants    0   14   State nonoperating grants    0   15   Local nonoperating grants    0   16   Gifts, including contributions from affiliated organizations  492,868  240,701   17   Investment income  268,681  187,768   18   Other nonoperating revenues (CV) CV=[B19-(B10+...+B17)]  0  -3,054,972   19   Total nonoperating revenues  29,023,387  24,769,366

Institution: Indiana University-South Bend (151342)	User ID: 88G2401
Part B - Revenues and Other Additions
Fiscal Year 2005      Report in whole dollars only            Line No.   Resource of funds   Current year amount   Prior year amount      Other Revenues and Additions           20   Capital appropriations    531,643   21   Capital grants & gifts  7,120  9,207   22   Additions to permanent endowments  25  0   23   Other revenues & additions (CV) CV=[B24-(B20+...+B22)]  0  0   24   Total other revenues and additions  7,145  540,850      25   Total all revenues and other additions (CV) CV=(B09+B19+B24)  73,657,785  62,108,590      CV = Calculated Value      CAVEATS

Institution: Indiana University-South Bend (151342)	User ID: 88G2401
Part C - Expenses and Other Deductions
Fiscal Year 2005      Report in whole dollars only                                                       1   2   3   4   5   Line No.   Description   Current year total   Salaries & wages   Employee fringe benefits   Depreciation   All other                           Operating Expenses      01   Instruction  27,280,327  19,084,425  6,307,664    1,888,238   02   Research  290,860  106,712  20,440    163,708   03   Public service  548,370  327,408  72,902    148,060   05   Academic support  4,542,321  2,672,029  799,116    1,071,176   06   Student services  2,291,019  1,214,964  324,072    751,983   07   Institutional support  6,862,079  3,242,587  1,112,566    2,506,926   08   Operation & maintenance of plant  4,357,761  1,459,080  411,472    2,487,209   09   Depreciation  2,844,415        2,844,415     10   Scholarships and fellowships expenses, excluding discounts & allowances (do not include work study here)  5,974,632     5,974,632   11   Auxiliary enterprises  5,002,295  1,177,534  298,290    3,526,471   12   Hospital services          0   13   Independent operations          0   14   Other expenses & deductions (CV) CV=[C15-(C01+...+C13)]  0  0  0  0  0   15   Total operating expenses  59,994,079  29,284,739  9,346,522  2,844,415  18,518,403       Prior year amount  52,017,118  29,009,704  9,256,622  2,482,129  11,268,663

Institution: Indiana University-South Bend (151342)	User ID: 88G2401
Part C - Expenses and Other Deductions
Fiscal Year 2005      Report in whole dollars only                                                       1   2   3   4   5   Line No.   Description   Current year total   Salaries & wages   Employee fringe benefits   Depreciation   All other                           Nonoperating Expenses and Deductions                  16   Interest  1,471,141           1,471,141   17   Other nonoperating expenses & deductions (CV) CV=(C18-C16)  3,804,793  0  0  0  3,804,793   18   Total nonoperating expenses & deductions (CV) CV=(C19-C15)  5,275,934  0  0  0  5,275,934      19   Total expenses & deductions  65,270,013  29,284,739  9,346,522  2,844,415  23,794,337       Prior year amount  54,087,795  29,009,704  9,256,622  2,482,129  13,339,340      CV = Calculated Value      CAVEATS

Institution: Indiana University-South Bend (151342)	User ID: 88G2401
Part D - Summary of Changes In Net Assets
Fiscal Year 2005      Line No.   Description   Current year amount   Prior year amount   01   Total revenues & other additions (from B25)  73,657,785  62,108,590      02   Total expenses & deductions (from C19)  65,270,013  54,087,795      03   Increase in net assets during year (CV) CV=(D01-D02)  8,387,772  8,020,795   04   Net assets beginning of year  47,844,495  43,034,498   05   Adjustments to beginning net assets (CV) CV=[D06-(D03+D04)]  0  -3,210,798   06   Net assets end of year (from A18)  56,232,267  47,844,495      CV = Calculated Value      CAVEATS

Institution: Indiana University-South Bend (151342)	User ID: 88G2401
Part E - Scholarships and Fellowships
Part E - Scholarships and Fellowships Fiscal Year 2005      Report in whole dollars only            Line No.   Source   Current year amount   Prior year amount      Institutional Expenses and Discounts & Allowances            Gross Scholarships and Fellowships (no loans included)         01   Pell grants (federal)  4,966,061  4,764,806   02   Other federal grants  246,664  164,626   03   Grants by state government  3,072,167  0   04   Grants by local government    0   05   Institutional grants from restricted resources  1,085,746  312,799   06   Institutional grants from unrestricted resources (CV) CV=[E07-(E01+...+E05)]  120,638  532,605   07   Total gross scholarships and fellowships  9,491,276  5,774,836         Discounts and Allowances         08   Discounts & allowances applied to tuition & fees  3,109,356  2,564,039   09   Discounts & allowances applied to sales & services of auxiliary enterprises (CV) CV= (E10-E08)  407,288  104,819   10   Total Discounts & Allowances (CV) CV=(E07-E11)  3,516,644  2,668,858      11   Net scholarships and fellowships expenses after deducting discount & allowances (from C10)  5,974,632  3,105,978      CV = Calculated Value      CAVEATS

Institution: Indiana University-South Bend (151342)	User ID: 88G2401
Part H - Details of Endowment Assets
Fiscal Year 2005 Report in whole dollars only   Line No.   Value of Endowment Assets   Market Value   Prior Year Amounts                  01   Value of endowment assets at the beginning of the fiscal year  360,178  318,494   02   Value of endowment assets at the end of the fiscal year  372,867  360,178

Institution: Indiana University-South Bend (151342)	User ID: 88G2401
Part J - Revenue Data for Bureau of Census
Part J - Revenues (Census Bureau) Fiscal Year 2005    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)   01   Tuition and fees  29,611,905  29,611,905            02   Sales and services      6,517,676       03   Federal grants/contracts (excludes Pell Grants)                Revenue from the state government:   04   State appropriations, current & capital             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         10   Interest earnings         11   Dividend earnings         12   Realized capital gains            CAVEATS

Institution: Indiana University-South Bend (151342)	User ID: 88G2401
Part K - Expenditure Data for Bureau of Census
Part K - Expenditures Fiscal Year 2005   Category   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)   01   Salaries and wages      1,177,534       02   Employee benefits, total      298,290       03   Payment to state retirement funds (maybe included in line 02 above)             04   Current expenditures other than salaries                Capital outlay:      05   Construction             06   Equipment purchases             07   Land purchases             08   Interest on debt outstanding, all funds & activities         09   Scholarships/fellowships  9,491,276  9,491,276          CAVEATS

Institution: Indiana University-South Bend (151342)	User ID: 88G2401
Part L - Debt and Assets, page 1
Part L - Debt and Assets Fiscal Year 2005    Debt   Category   Amount   01   Long-term debt outstanding at beginning of fiscal year  2,762,000   02   Long-term debt issued during fiscal year     03   Long-term debt retired during fiscal year  272,000   04   Long-term debt outstanding at end of fiscal year  2,490,000   05   Short-term debt outstanding at beginning of fiscal year  199,000   06   Short-term debt outstanding at end of fiscal year  211,000      CAVEATS

Institution: Indiana University-South Bend (151342)	User ID: 88G2401
Part L - Debt and Assets, page 2
Part L - Debt and Assets (page 2) Fiscal Year 2005   Assets   Category   Amount   07   Total cash and security assets held at end of fiscal year in sinking or debt service funds  32   08   Total cash and security assets held at end of fiscal year in bond funds     09   Total cash and security assets held at end of fiscal year in all other funds        CAVEATS

Institution: Indiana University-South Bend (151342)	User ID: 88G2401
Explanation Report
Number Source Location Description Severity Accepted Screen: Scholarships & Fellowships 1 Screen Entry Row 13 Column 3 The number entered, 9491276, has an expected range of between 2887419 and 8662254 based on last year's amount. Please explain this difference. Explanation Yes Reason: Allocation of discounts and allowances among campuses is purely arbitrary. To improve consistency, the total discount and allowances is not being allocated across campuses for 2005. Total discounts and allowances is included in the BL campus only.