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		464,696,517
	Noncurrent Assets
31	Depreciable capital assets, net of depreciation		875,699,262
04	Other noncurrent assets CV=[A05-A31]	119,001,703	98,137,126
05	Total noncurrent assets		973,836,388
06	Total assets CV=(A01+A05)	1,520,657,887	1,438,532,905
	Current Liabilities
07	Long-term debt, current portion		18,377,876
08	Other current liabilities CV=(A09-A07)	111,370,353	106,434,743
09	Total current liabilities		124,812,619
	Noncurrent Liabilities
10	Long-term debt		320,913,240
11	Other noncurrent liabilities CV=(A12-A10)	79,789,074	71,812,164
12	Total noncurrent liabilities		392,725,404
13	Total liabilities CV=(A09+A12)	529,069,960	517,538,023
	Net Assets
14	Invested in capital assets, net of related debt		554,495,894
15	Restricted-expendable		64,578,171
16	Restricted-nonexpendable		6,602,875
17	Unrestricted CV=[A18-(A14+A15+A16)]	350,856,683	295,317,942
18	Total net assets CV=(A06-A13)	991,587,927	920,994,882
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		18,656,052
22	Infrastructure		44,421,754
23	Buildings		1,178,003,180
32	Equipment, including art and library collections		219,814,699
27	Construction in progress		40,263,633
	Total for Plant, Property and Equipment CV = (A21+ .. A27)	1,532,118,322	1,501,159,318
28	Accumulated depreciation		625,460,055
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			240,448,167
	Grants and contracts - operating
02	Federal operating grants and contracts			201,020,705
03	State operating grants and contracts			10,640,487
04	Local government/private operating grants and contracts		66,675,761	67,575,890
	04a	Local government operating grants and contracts		644,134
	04b	Private operating grants and contracts		66,931,756
05	Sales & services of auxiliary enterprises, after deducting discounts & allowances			133,218,885
06	Sales & services of hospitals, after deducting patient contractual allowances			0
26	Sales & services of educational activities			48,435,547
07	Independent operations			0
08	Other sources - operating CV=[B09-(B01+ ....+B07)]		150,017,792	141,060,276
09	Total operating revenues			842,399,957

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			223,521,180
12	Local appropriations, education district taxes, & similar support			0
	Grants-nonoperating
13	Federal nonoperating grants			33,831,834
14	State nonoperating grants			0
15	Local government nonoperating grants			0
16	Gifts, including contributions from affiliated organizations			33,582,636
17	Investment income			5,584,814
18	Other nonoperating revenues CV=[B19-(B10+...+B17)]		0	0
19	Total nonoperating revenues			296,520,464
27	Total operating and nonoperating revenues CV=[B19+B09]		1,176,710,660	1,138,920,421
28	12-month Student FTE from E12 CV=[B28a+B28b]		27,244
	28a	Undergraduates	18,939
	28b	Graduates	8,305
29	Total operating and nonoperating revenues per student FTE CV=[B27/B28]		43,192

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		82,942
21	Capital grants & gifts		5,763,258
22	Additions to permanent endowments		329,267
23	Other revenues & additions CV=[B24-(B20+...+B22)]	0	0
24	Total other revenues and additions		6,175,467
25	Total all revenues and other additions CV=[B09+B19+B24]	1,182,636,535	1,145,095,888
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								54,993,042	393,565,828
02	Research								63,110,551	167,907,418
03	Public service								38,982,341	88,743,784
05	Academic support								25,978,308	156,526,159
06	Student services								9,797,429	35,821,668
07	Institutional support								4,374,499	29,930,033
08	Operation & maintenance of plant (see instructions)		0						47,275,265	0
10	Scholarships and fellowships expenses, excluding discounts & allowances								25,575,784	13,347,248
11	Auxiliary enterprises								23,483,593	171,343,554
12	Hospital services								0	0
13	Independent operations								0	0
14	Other expenses & deductions CV=[C19-(C01+...+C13)]		3,247,483	2,981,300	266,183	0	0	0	0	2,676,400
19	Total expenses & deductions					0			293,570,812	1,059,862,092
	Prior year amount		1,059,862,092	529,796,783	180,334,877		49,456,174	13,275,867	286,998,391
20	12-month Student FTE from E12 CV=[C20a+C20b]		27,244
	20a	Undergraduates	18,939
	20b	Graduates	8,305
21	Total expenses and deductions per student FTE CV=[C19/C20]		40,178
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)	1,182,636,535	1,145,095,888
02	Total expenses & deductions (from C19)	1,094,614,731	1,059,862,092
03	Change in net assets during year CV=(D01-D02)	88,021,804	85,233,796
04	Net assets beginning of year		855,306,910
05	Adjustments to beginning net assets and other gains or losses CV=[D06-(D03+D04)]	-17,428,759	-19,545,824
06	Net assets end of year (from A18)	991,587,927	920,994,882
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)		30,170,839
02	Other federal grants		2,715,744
03	Grants by state government		0
04	Grants by local government		0
05	Institutional grants from restricted resources		14,875,821
06	Institutional grants from unrestricted resources CV=[E07-(E01+...+E05)]	23,873,622	10,122,407
07	Total gross scholarships and fellowships		57,884,811
	Discounts and Allowances
08	Discounts & allowances applied to tuition & fees		44,537,563
09	Discounts & allowances applied to sales & services of auxiliary enterprises CV= (E10-E08)	7,395,329	0
10	Total discounts & allowances CV=(E07-E11)	55,503,746	44,537,563
11	Net scholarships and fellowships expenses after deducting discount & allowances (from C10)	25,575,784	13,347,248
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		470,947,327
02	Value of endowment assets at the end of the fiscal year		520,478,148
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	300,528,000	300,528,000
02	Sales and services	176,769,163		130,366,449	0
03	Federal grants/contracts (excludes Pell Grants)	215,082,919
	Revenue from the state government:
04	State appropriations, current & capital	215,890,484
05	State grants and contracts	9,555,105
	Revenue from local governments:
06	Local appropriation, current & capital	0
07	Local government grants/contracts	665,879
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	538,084,439		57,380,385
02	Employee benefits, total	201,233,331		21,391,144
03	Payment to state retirement funds (maybe included in line 02 above)	9,627,056
04	Current expenditures other than salaries	254,004,876
	Capital outlay:
05	Construction	22,725,336
06	Equipment purchases	20,328,178
07	Land purchases	19,379,603
08	Interest on debt outstanding, all funds & activities
09	Scholarships/fellowships	81,079,530	81,079,530
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 $252,419,583 24% $9,265 Government appropriations $214,836,367 20% $7,886 Government grants and contracts $264,533,155 25% $9,710 Private gifts, grants, and contracts $113,221,349 11% $4,156 Investment income $12,308,580 1% $452 Other core revenues $202,346,381 19% $7,427 Total core revenues $1,059,665,415 100% $38,895   Total revenues $1,182,636,535   $43,409
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 $411,842,332 44% $15,117 Research $179,972,364 19% $6,606 Public service $97,311,108 10% $3,572 Academic support $158,684,446 17% $5,825 Institutional support $26,164,979 3% $960 Student services $33,265,133 4% $1,221 Other core expenses $28,823,267 3% $1,058 Total core expenses $936,063,629 100% $34,359   Total expenses $1,094,614,731   $40,178
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 27,244

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.