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		17,730,788
	Noncurrent Assets
31	Depreciable capital assets, net of depreciation		56,910,815
04	Other noncurrent assets CV=[A05-A31]	858,183	768,824
05	Total noncurrent assets		57,679,639
06	Total assets CV=(A01+A05)	78,334,759	75,410,427
	Current Liabilities
07	Long-term debt, current portion		1,233,321
08	Other current liabilities CV=(A09-A07)	3,935,158	3,388,105
09	Total current liabilities		4,621,426
	Noncurrent Liabilities
10	Long-term debt		24,603,439
11	Other noncurrent liabilities CV=(A12-A10)	1,229,804	1,137,940
12	Total noncurrent liabilities		25,741,379
13	Total liabilities CV=(A09+A12)	29,769,233	30,362,805
	Net Assets
14	Invested in capital assets, net of related debt		31,074,055
15	Restricted-expendable		3,111,146
16	Restricted-nonexpendable		10,000
17	Unrestricted CV=[A18-(A14+A15+A16)]	14,713,085	10,852,421
18	Total net assets CV=(A06-A13)	48,565,526	45,047,622
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		3,093,633
22	Infrastructure		3,285,431
23	Buildings		82,224,389
32	Equipment, including art and library collections		7,164,625
27	Construction in progress		222,447
	Total for Plant, Property and Equipment CV = (A21+ .. A27)	97,036,623	95,990,525
28	Accumulated depreciation		39,079,710
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			22,013,757
	Grants and contracts - operating
02	Federal operating grants and contracts			838,695
03	State operating grants and contracts			394,201
04	Local government/private operating grants and contracts		99,331	425,811
	04a	Local government operating grants and contracts		0
	04b	Private operating grants and contracts		425,811
05	Sales & services of auxiliary enterprises, after deducting discounts & allowances			958,960
06	Sales & services of hospitals, after deducting patient contractual allowances			0
26	Sales & services of educational activities			553,038
07	Independent operations			0
08	Other sources - operating CV=[B09-(B01+ ....+B07)]		1,085,007	938,180
09	Total operating revenues			26,122,642

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			21,142,949
12	Local appropriations, education district taxes, & similar support			0
	Grants-nonoperating
13	Federal nonoperating grants			9,151,223
14	State nonoperating grants			0
15	Local government nonoperating grants			0
16	Gifts, including contributions from affiliated organizations			419,188
17	Investment income			46,910
18	Other nonoperating revenues CV=[B19-(B10+...+B17)]		0	0
19	Total nonoperating revenues			30,760,270
27	Total operating and nonoperating revenues CV=[B19+B09]		57,080,646	56,882,912
28	12-month Student FTE from E12 CV=[B28a+B28b]		4,607
	28a	Undergraduates	4,158
	28b	Graduates	449
29	Total operating and nonoperating revenues per student FTE CV=[B27/B28]		12,390

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		44,250
22	Additions to permanent endowments		0
23	Other revenues & additions CV=[B24-(B20+...+B22)]	0	0
24	Total other revenues and additions		44,250
25	Total all revenues and other additions CV=[B09+B19+B24]	57,176,586	56,927,162
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								2,085,737	25,335,688
02	Research								24,641	575,899
03	Public service								292,137	1,186,055
05	Academic support								959,288	7,097,752
06	Student services								692,136	4,575,329
07	Institutional support								1,321,948	2,863,153
08	Operation & maintenance of plant (see instructions)		0						3,284,086	0
10	Scholarships and fellowships expenses, excluding discounts & allowances								6,236,997	6,465,472
11	Auxiliary enterprises								537,366	1,984,384
12	Hospital services								0	0
13	Independent operations								0	0
14	Other expenses & deductions CV=[C19-(C01+...+C13)]		327,414	327,414	0	0	0	0	0	229,391
19	Total expenses & deductions					0			15,434,336	50,313,123
	Prior year amount		50,313,123	23,618,726	7,789,316		2,940,191	2,256,736	13,708,154
20	12-month Student FTE from E12 CV=[C20a+C20b]		4,607
	20a	Undergraduates	4,158
	20b	Graduates	449
21	Total expenses and deductions per student FTE CV=[C19/C20]		11,495
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)	57,176,586	56,927,162
02	Total expenses & deductions (from C19)	52,958,260	50,313,123
03	Change in net assets during year CV=(D01-D02)	4,218,326	6,614,039
04	Net assets beginning of year		37,306,648
05	Adjustments to beginning net assets and other gains or losses CV=[D06-(D03+D04)]	-700,422	1,126,935
06	Net assets end of year (from A18)	48,565,526	45,047,622
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)		9,014,286
02	Other federal grants		240,227
03	Grants by state government		0
04	Grants by local government		0
05	Institutional grants from restricted resources		626,007
06	Institutional grants from unrestricted resources CV=[E07-(E01+...+E05)]	813,083	662,501
07	Total gross scholarships and fellowships		10,543,021
	Discounts and Allowances
08	Discounts & allowances applied to tuition & fees		4,077,549
09	Discounts & allowances applied to sales & services of auxiliary enterprises CV= (E10-E08)	59,898	0
10	Total discounts & allowances CV=(E07-E11)	6,778,294	4,077,549
11	Net scholarships and fellowships expenses after deducting discount & allowances (from C10)	6,236,997	6,465,472
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		8,214,975
02	Value of endowment assets at the end of the fiscal year		8,002,549
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	28,887,374	28,887,374
02	Sales and services	1,643,577		1,055,910
03	Federal grants/contracts (excludes Pell Grants)	919,349
	Revenue from the state government:
04	State appropriations, current & capital	19,229,228
05	State grants and contracts	32,201
	Revenue from local governments:
06	Local appropriation, current & capital	0
07	Local government grants/contracts	0
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	24,376,771		189,298
02	Employee benefits, total	8,512,388		58,285
03	Payment to state retirement funds (maybe included in line 02 above)	407,234
04	Current expenditures other than salaries	8,941,360
	Capital outlay:
05	Construction	110,405
06	Equipment purchases	621,384
07	Land purchases	1,159,226
08	Interest on debt outstanding, all funds & activities
09	Scholarships/fellowships	13,015,291	13,015,291
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 $22,168,978 39% $4,812 Government appropriations $19,133,288 34% $4,153 Government grants and contracts $12,455,828 22% $2,704 Private gifts, grants, and contracts $556,644 1% $121 Investment income $97,222 0% $21 Other core revenues $1,768,614 3% $384 Total core revenues $56,180,574 100% $12,195   Total revenues $57,176,586   $12,411
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 $27,529,097 54% $5,975 Research $602,968 1% $131 Public service $1,216,826 2% $264 Academic support $6,743,433 13% $1,464 Institutional support $3,520,816 7% $764 Student services $4,682,123 9% $1,016 Other core expenses $6,564,411 13% $1,425 Total core expenses $50,859,674 100% $11,040   Total expenses $52,958,260   $11,495
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 4,607

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.