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.
	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, 2011.)
Beginning: month/year (MMYYYY)	Month:		Year:
And ending: month/year (MMYYYY)	Month:		Year:

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 ?
		Yes - (report endowment assets)
		No

You may use the space below to provide context for the data you've reported above.

Part A - Statement of Net Assets

Fiscal Year: July 1, 2010 - June 30, 2011
Line no.		Current year amount	Prior year amount
	Current Assets
01	Total current assets		387,108,532
	Noncurrent Assets
31	Depreciable capital assets, net of depreciation		1,156,232,779
04	Other noncurrent assets CV=[A05-A31]	1,047,234,295	886,844,742
05	Total noncurrent assets		2,043,077,521
06	Total assets CV=(A01+A05)	2,611,762,621	2,430,186,053
	Current Liabilities
07	Long-term debt, current portion		33,033,420
08	Other current liabilities CV=(A09-A07)	371,025,016	339,725,525
09	Total current liabilities		372,758,945
	Noncurrent Liabilities
10	Long-term debt		409,952,598
11	Other noncurrent liabilities CV=(A12-A10)	103,339,532	112,587,439
12	Total noncurrent liabilities		522,540,037
13	Total liabilities CV=(A09+A12)	884,663,552	895,298,982
	Net Assets
14	Invested in capital assets, net of related debt		855,054,454
15	Restricted-expendable		76,977,833
16	Restricted-nonexpendable		12,775,296
17	Unrestricted CV=[A18-(A14+A15+A16)]	741,657,639	590,079,488
18	Total net assets CV=(A06-A13)	1,727,099,069	1,534,887,071
You may use the space below to provide context for the data you've reported above.

Part A - Statement of Net Assets (Page 2)

Fiscal Year: July 1, 2010 - June 30, 2011
Line No.	Description	Ending balance	Prior year Ending balance
	Capital Assets
21	Land & land improvements		47,682,668
22	Infrastructure		96,926,996
23	Buildings		1,331,458,892
32	Equipment, including art and library collections		429,597,799
27	Construction in progress		124,854,224
	Total for Plant, Property and Equipment CV = (A21+ .. A27)	2,163,405,939	2,030,520,579
28	Accumulated depreciation		874,287,800
33	Intangible assets, net of accumulated amortization		0
34	Other capital assets		0
You may use the space below to provide context for the data you've reported above.

Part B - Revenues and Other Additions

Fiscal Year: July 1, 2010 - June 30, 2011
Line No.	Source of Funds		Current year amount	Prior year amount
	Operating Revenues
01	Tuition & fees, after deducting discounts & allowances			575,621,407
	Grants and contracts - operating
02	Federal operating grants and contracts			111,098,509
03	State operating grants and contracts			8,226,865
04	Local government/private operating grants and contracts		37,955,980	37,846,342
	04a	Local government operating grants and contracts		2,843,896
	04b	Private operating grants and contracts		35,002,446
05	Sales & services of auxiliary enterprises, after deducting discounts & allowances			180,310,963
06	Sales & services of hospitals, after deducting patient contractual allowances			0
26	Sales & services of educational activities			13,995,045
07	Independent operations			0
08	Other sources - operating CV=[B09-(B01+ ....+B07)]		34,580,800	34,858,168
09	Total operating revenues			961,957,299

Part B - Revenues and Other Additions

Fiscal Year: July 1, 2010 - June 30, 2011
Line No.	Source of funds		Current year amount	Prior year amount
	Nonoperating Revenues
10	Federal appropriations			0
11	State appropriations			229,834,996
12	Local appropriations, education district taxes, & similar support			0
	Grants-nonoperating
13	Federal nonoperating grants			26,836,268
14	State nonoperating grants			0
15	Local government nonoperating grants			0
16	Gifts, including contributions from affiliated organizations			42,060,927
17	Investment income			97,277,568
18	Other nonoperating revenues CV=[B19-(B10+...+B17)]		0	0
19	Total nonoperating revenues			396,009,759
27	Total operating and nonoperating revenues CV=[B19+B09]		1,418,257,926	1,357,967,058
28	12-month Student FTE from E12 CV=[B28a+B28b]		40,632
	28a	Undergraduates	32,327
	28b	Graduates	8,305
29	Total operating and nonoperating revenues per student FTE CV=[B27/B28]		34,905

Part B - Revenues and Other Additions

Fiscal Year: July 1, 2010 - June 30, 2011
Line No.	Source of funds	Current year amount	Prior year amount
	Other Revenues and Additions
20	Capital appropriations		2,917,911
21	Capital grants & gifts		10,859,893
22	Additions to permanent endowments		215,588
23	Other revenues & additions CV=[B24-(B20+...+B22)]	0	0
24	Total other revenues and additions		13,993,392
25	Total all revenues and other additions CV=[B09+B19+B24]	1,438,452,027	1,371,960,450
You may use the space below to provide context for the data you've reported above.

Part C - Expenses and Other Deductions

Fiscal Year: July 1, 2010 - June 30, 2011
			1	2	3	4	5	6	7	8
Line No.	Description		Total amount	Salaries & wages	Employee fringe benefits	Operation and maintenance of plant	Depreciation	Interest	All other	PY Total Amount
	Expenses and Deductions
01	Instruction								68,168,887	480,500,349
02	Research								28,205,726	105,573,267
03	Public service								22,684,613	52,558,305
05	Academic support								10,438,059	103,625,564
06	Student services								8,435,616	62,114,951
07	Institutional support								9,439,841	94,150,203
08	Operation & maintenance of plant (see instructions)		0						57,955,610	0
10	Scholarships and fellowships expenses, excluding discounts & allowances								78,928,317	79,739,967
11	Auxiliary enterprises								70,520,731	248,819,925
12	Hospital services								0	0
13	Independent operations								0	0
14	Other expenses & deductions CV=[C19-(C01+...+C13)]		7,742,092	5,699,849	2,042,243	0	0	0	0	6,354,515
19	Total expenses & deductions					0			354,777,400	1,233,437,046
	Prior year amount		1,233,437,046	609,997,053	216,947,190		62,315,780	11,237,635	332,939,388
20	12-month Student FTE from E12 CV=[C20a+C20b]		40,632
	20a	Undergraduates	32,327
	20b	Graduates	8,305
21	Total expenses and deductions per student FTE CV=[C19/C20]		31,312
You may use the space below to provide context for the data you've reported above.

Part D - Summary of Changes In Net Assets

Fiscal Year: July 1, 2010 - June 30, 2011
Line No.	Description	Current year amount	Prior year amount
01	Total revenues & other additions (from B25)	1,438,452,027	1,371,960,450
02	Total expenses & deductions (from C19)	1,272,259,339	1,233,437,046
03	Change in net assets during year CV=(D01-D02)	166,192,688	138,523,404
04	Net assets beginning of year		1,367,301,584
05	Adjustments to beginning net assets and other gains or losses CV=[D06-(D03+D04)]	26,019,310	29,062,083
06	Net assets end of year (from A18)	1,727,099,069	1,534,887,071
You may use the space below to provide context for the data you've reported above.

Part E - Scholarships and Fellowships

Fiscal Year: July 1, 2010 - June 30, 2011
Line No.	Source	Current year amount	Prior year amount
01	Pell grants (federal)		23,796,437
02	Other federal grants		3,930,087
03	Grants by state government		0
04	Grants by local government		0
05	Institutional grants from restricted resources		35,374,609
06	Institutional grants from unrestricted resources CV=[E07-(E01+...+E05)]	131,783,482	142,009,842
07	Total gross scholarships and fellowships		205,110,975
	Discounts and Allowances
08	Discounts & allowances applied to tuition & fees		106,620,795
09	Discounts & allowances applied to sales & services of auxiliary enterprises CV= (E10-E08)	13,104,666	18,750,213
10	Total discounts & allowances CV=(E07-E11)	124,999,776	125,371,008
11	Net scholarships and fellowships expenses after deducting discount & allowances (from C10)	78,928,317	79,739,967
You may use the space below to provide context for the data you've reported above.

Part H - Details of Endowment Assets

Fiscal Year: July 1, 2010 - June 30, 2011
Line No.	Value of Endowment Assets	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		643,520,056
02	Value of endowment assets at the end of the fiscal year		722,778,071
You may use the space below to provide context for the data you've reported above.

Part J - Revenue Data for Bureau of Census

Fiscal Year: July 1, 2010 - June 30, 2011
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	715,038,123	715,038,123
02	Sales and services	222,285,414		209,861,007	0
03	Federal grants/contracts (excludes Pell Grants)	122,059,251
	Revenue from the state government:
04	State appropriations, current & capital	253,512,110
05	State grants and contracts	5,194,373
	Revenue from local governments:
06	Local appropriation, current & capital	0
07	Local government grants/contracts	1,026,032
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
You may use the space below to provide context for the data you've reported above.

Part K - Expenditure Data for Bureau of Census

Fiscal Year: July 1, 2010 - June 30, 2011
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	631,263,097		82,755,626
02	Employee benefits, total	205,875,280		25,451,778
03	Payment to state retirement funds (maybe included in line 02 above)	9,849,128
04	Current expenditures other than salaries	256,522,494
	Capital outlay:
05	Construction	81,234,474
06	Equipment purchases	33,563,812
07	Land purchases	57,524,349
08	Interest on debt outstanding, all funds & activities
09	Scholarships/fellowships	203,928,093	203,928,093
You may use the space below to provide context for the data you've reported above.

Part L - Debt and Assets, page 1

Fiscal Year: July 1, 2010 - June 30, 2011
Debt
Category		Amount
01	Long-term debt outstanding at beginning of fiscal year
02	Long-term debt issued during fiscal year
03	Long-term debt retired during fiscal year
04	Long-term debt outstanding at end of fiscal year
05	Short-term debt outstanding at beginning of fiscal year
06	Short-term debt outstanding at end of fiscal year
You may use the space below to provide context for the data you've reported above.

Part L - Debt and Assets, page 2

Fiscal Year: July 1, 2010 - June 30, 2011
Assets
Category		Amount
07	Total cash and security assets held at end of fiscal year in sinking or debt service funds
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
You may use the space below to provide context for the data you've reported above.

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 ExPT and sent to your institution’s CEO in November 2012.

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 $603,143,013 49% $14,844 Government appropriations $243,004,839 20% $5,981 Government grants and contracts $160,170,999 13% $3,942 Private gifts, grants, and contracts $91,685,455 7% $2,256 Investment income $76,492,072 6% $1,883 Other core revenues $67,199,308 5% $1,654 Total core revenues $1,241,695,686 100% $30,560   Total revenues $1,438,452,027   $35,402
Core revenues include tuition and fees; government appropriations (federal, state, and local); government grants and contracts; private gifts, grants, and contracts; investment income; other operating and nonoperating sources; and other revenues and additions. Core revenues exclude revenues from auxiliary enterprises (e.g., bookstores, dormitories), hospitals, and independent operations.

Core Expenses
Expense function Reported values Percent of total core expenses Core expenses per FTE enrollment Instruction $502,809,400 49% $12,375 Research $115,281,876 11% $2,837 Public service $51,012,000 5% $1,255 Academic support $100,803,822 10% $2,481 Institutional support $108,950,788 11% $2,681 Student services $50,480,393 5% $1,242 Other core expenses $86,670,409 9% $2,133 Total core expenses $1,016,008,688 100% $25,005   Total expenses $1,272,259,339   $31,312
Core expenses include expenses for instruction, research, public service, academic support, institutional support, student services, operation and maintenance of plant, depreciation, scholarships and fellowships expenses, other expenses, and nonoperating expenses.

Calculated value FTE enrollment 40,632

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.