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		10,023,990
	Noncurrent Assets
31	Depreciable capital assets, net of depreciation		34,079,000
04	Other noncurrent assets CV=[A05-A31]	1,328,501	1,172,560
05	Total noncurrent assets		35,251,560
06	Total assets CV=(A01+A05)	44,766,339	45,275,550
	Current Liabilities
07	Long-term debt, current portion		1,211,068
08	Other current liabilities CV=(A09-A07)	2,586,673	2,110,644
09	Total current liabilities		3,321,712
	Noncurrent Liabilities
10	Long-term debt		13,976,235
11	Other noncurrent liabilities CV=(A12-A10)	1,384,077	1,692,424
12	Total noncurrent liabilities		15,668,659
13	Total liabilities CV=(A09+A12)	17,965,112	18,990,371
	Net Assets
14	Invested in capital assets, net of related debt		18,891,697
15	Restricted-expendable		2,645,116
16	Restricted-nonexpendable		10,000
17	Unrestricted CV=[A18-(A14+A15+A16)]	5,156,101	4,738,366
18	Total net assets CV=(A06-A13)	26,801,227	26,285,179
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		2,012,580
22	Infrastructure		2,317,249
23	Buildings		47,786,681
32	Equipment, including art and library collections		5,812,066
27	Construction in progress		154,017
	Total for Plant, Property and Equipment CV = (A21+ .. A27)	58,789,502	58,082,593
28	Accumulated depreciation		24,003,593
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			10,336,018
	Grants and contracts - operating
02	Federal operating grants and contracts			533,834
03	State operating grants and contracts			82,309
04	Local government/private operating grants and contracts		12,737	10,632
	04a	Local government operating grants and contracts		1,000
	04b	Private operating grants and contracts		9,632
05	Sales & services of auxiliary enterprises, after deducting discounts & allowances			697,160
06	Sales & services of hospitals, after deducting patient contractual allowances			0
26	Sales & services of educational activities			245,488
07	Independent operations			0
08	Other sources - operating CV=[B09-(B01+ ....+B07)]		740,450	710,745
09	Total operating revenues			12,616,186

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			12,513,536
12	Local appropriations, education district taxes, & similar support			0
	Grants-nonoperating
13	Federal nonoperating grants			3,988,503
14	State nonoperating grants			0
15	Local government nonoperating grants			0
16	Gifts, including contributions from affiliated organizations			219,241
17	Investment income			97,600
18	Other nonoperating revenues CV=[B19-(B10+...+B17)]		0	0
19	Total nonoperating revenues			16,818,880
27	Total operating and nonoperating revenues CV=[B19+B09]		29,895,341	29,435,066
28	12-month Student FTE from E12 CV=[B28a+B28b]		2,180
	28a	Undergraduates	2,090
	28b	Graduates	90
29	Total operating and nonoperating revenues per student FTE CV=[B27/B28]		13,713

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		0
21	Capital grants & gifts		0
22	Additions to permanent endowments		0
23	Other revenues & additions CV=[B24-(B20+...+B22)]	0	0
24	Total other revenues and additions		0
25	Total all revenues and other additions CV=[B09+B19+B24]	29,923,164	29,435,066
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								563,177	11,844,622
02	Research								4,959	147,907
03	Public service								201,283	585,166
05	Academic support								856,569	4,465,169
06	Student services								454,634	2,716,959
07	Institutional support								363,035	2,129,831
08	Operation & maintenance of plant (see instructions)		0						2,134,565	0
10	Scholarships and fellowships expenses, excluding discounts & allowances								2,709,014	2,606,396
11	Auxiliary enterprises								330,853	1,932,848
12	Hospital services								0	0
13	Independent operations								0	0
14	Other expenses & deductions CV=[C19-(C01+...+C13)]		95,692	95,692	0	0	0	0	0	50,724
19	Total expenses & deductions					0			7,618,089	26,479,622
	Prior year amount		26,479,622	12,593,855	4,250,854		1,848,841	1,255,550	6,530,522
20	12-month Student FTE from E12 CV=[C20a+C20b]		2,180
	20a	Undergraduates	2,090
	20b	Graduates	90
21	Total expenses and deductions per student FTE CV=[C19/C20]		13,000
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)	29,923,164	29,435,066
02	Total expenses & deductions (from C19)	28,340,851	26,479,622
03	Change in net assets during year CV=(D01-D02)	1,582,313	2,955,444
04	Net assets beginning of year		24,391,285
05	Adjustments to beginning net assets and other gains or losses CV=[D06-(D03+D04)]	-1,066,265	-1,061,550
06	Net assets end of year (from A18)	26,801,227	26,285,179
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)		3,908,616
02	Other federal grants		197,830
03	Grants by state government		0
04	Grants by local government		0
05	Institutional grants from restricted resources		218,957
06	Institutional grants from unrestricted resources CV=[E07-(E01+...+E05)]	350,481	195,506
07	Total gross scholarships and fellowships		4,520,909
	Discounts and Allowances
08	Discounts & allowances applied to tuition & fees		1,914,513
09	Discounts & allowances applied to sales & services of auxiliary enterprises CV= (E10-E08)	38,835	0
10	Total discounts & allowances CV=(E07-E11)	2,963,090	1,914,513
11	Net scholarships and fellowships expenses after deducting discount & allowances (from C10)	2,709,014	2,606,396
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		11,793,046
02	Value of endowment assets at the end of the fiscal year		4,984,454
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	12,937,321	12,937,321
02	Sales and services	940,271		684,587	0
03	Federal grants/contracts (excludes Pell Grants)	329,417
	Revenue from the state government:
04	State appropriations, current & capital	12,306,074
05	State grants and contracts	8,325
	Revenue from local governments:
06	Local appropriation, current & capital	0
07	Local government grants/contracts	2,425
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	13,183,365		36,308
02	Employee benefits, total	4,668,649		10,746
03	Payment to state retirement funds (maybe included in line 02 above)	223,349
04	Current expenditures other than salaries	4,808,347
	Capital outlay:
05	Construction	55,149
06	Equipment purchases	516,771
07	Land purchases	617,101
08	Interest on debt outstanding, all funds & activities
09	Scholarships/fellowships	5,672,104	5,672,104
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 $10,013,066 34% $4,593 Government appropriations $12,278,251 42% $5,632 Government grants and contracts $5,337,652 18% $2,448 Private gifts, grants, and contracts $411,552 1% $189 Investment income $212,934 1% $98 Other core revenues $1,023,957 3% $470 Total core revenues $29,277,412 100% $13,430   Total revenues $29,923,164   $13,726
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 $12,861,368 49% $5,900 Research $173,063 1% $79 Public service $547,489 2% $251 Academic support $4,646,967 18% $2,132 Institutional support $2,169,074 8% $995 Student services $2,943,765 11% $1,350 Other core expenses $2,804,706 11% $1,287 Total core expenses $26,146,432 100% $11,994   Total expenses $28,340,851   $13,000
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 2,180

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.