Finance 2011-12
Institution: Indiana University-South Bend (151342)
User ID: 88G2401

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.

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 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.

Institution: Indiana University-South Bend (151342)
User ID: 88G2401

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.)
    UnqualifiedQualified
(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.

Institution: Indiana University-South Bend (151342)
User ID: 88G2401

Part A - Statement of Net Assets
Fiscal Year: July 1, 2010 - June 30, 2011
 
Line no. Current year amountPrior year amount
 Current Assets  
01Total current assets 60,064,311
 
 Noncurrent Assets  
31Depreciable capital assets, net of depreciation 93,578,028
04Other noncurrent assets
CV=[A05-A31]
1,760,977 1,685,051
05Total noncurrent assets 95,263,079
 
06Total assets
CV=(A01+A05)
159,840,489 155,327,390
 
 Current Liabilities  
07Long-term debt, current portion 3,622,391
08Other current liabilities
CV=(A09-A07)
7,425,721 5,252,281
09Total current liabilities 8,874,672
 
 Noncurrent Liabilities  
10Long-term debt 57,985,216
11Other noncurrent liabilities
CV=(A12-A10)
3,643,022 4,082,238
12Total noncurrent liabilities 62,067,454
 
13Total liabilities
CV=(A09+A12)
69,058,268 70,942,126
 
 Net Assets  
14Invested in capital assets, net of related debt 53,686,859
15Restricted-expendable 3,186,458
16Restricted-nonexpendable 1,305
17Unrestricted
CV=[A18-(A14+A15+A16)]
30,644,350 27,510,642
18Total net assets
CV=(A06-A13)
90,782,221 84,385,264
 
You may use the space below to provide context for the data you've reported above.
 

Institution: Indiana University-South Bend (151342)
User ID: 88G2401

Part A - Statement of Net Assets (Page 2)
Fiscal Year: July 1, 2010 - June 30, 2011
 
Line No.DescriptionEnding balancePrior year
Ending balance
 Capital Assets  
 
21Land & land improvements6,571,125
22Infrastructure3,931,803
23Buildings122,317,580
32Equipment, including art and library collections10,331,620
27Construction in progress977,252
Total for Plant, Property and Equipment
CV
= (A21+ .. A27)
148,107,316144,129,380
28Accumulated depreciation50,551,352
33Intangible assets, net of accumulated amortization0
34Other capital assets0
 
 
You may use the space below to provide context for the data you've reported above.
 

Institution: Indiana University-South Bend (151342)
User ID: 88G2401

Part B - Revenues and Other Additions
Fiscal Year: July 1, 2010 - June 30, 2011
 
Line No.Source of FundsCurrent year amountPrior year amount
 Operating Revenues  
01Tuition & fees, after deducting discounts & allowances32,935,608
 Grants and contracts - operating  
02Federal operating grants and contracts816,042
03State operating grants and contracts0
04Local government/private operating grants and contracts155,775132,748
04aLocal government operating grants and contracts0
04bPrivate operating grants and contracts132,748
05Sales & services of auxiliary enterprises,
after deducting discounts & allowances
4,192,981
06Sales & services of hospitals,
after deducting patient contractual allowances
0
26Sales & services of educational activities409,865
07Independent operations0
08Other sources - operating
CV=[B09-(B01+ ....+B07)]
1,553,4541,486,893
09Total operating revenues39,974,137
 
 

Institution: Indiana University-South Bend (151342)
User ID: 88G2401

Part B - Revenues and Other Additions
Fiscal Year: July 1, 2010 - June 30, 2011
 
Line No.Source of fundsCurrent year amountPrior year amount
 Nonoperating Revenues  
10Federal appropriations0
11State appropriations27,816,197
12Local appropriations, education district taxes, & similar support0
 Grants-nonoperating  
13Federal nonoperating grants11,541,793
14State nonoperating grants0
15Local government nonoperating grants0
16Gifts, including contributions from affiliated organizations645,175
17Investment income84,470
18Other nonoperating revenues
CV=[B19-(B10+...+B17)]
00
19Total nonoperating revenues40,087,635
27Total operating and nonoperating revenues CV=[B19+B09]81,723,17080,061,772
2812-month Student FTE from E12
CV
=[B28a+B28b]
6,027
28aUndergraduates5,537
28bGraduates490
29Total operating and nonoperating revenues per student FTE CV=[B27/B28]13,560
 
 

Institution: Indiana University-South Bend (151342)
User ID: 88G2401

Part B - Revenues and Other Additions
Fiscal Year: July 1, 2010 - June 30, 2011
 
Line No.Source of fundsCurrent year amountPrior year amount
 Other Revenues and Additions  
20Capital appropriations0
21Capital grants & gifts453,481
22Additions to permanent endowments0
23Other revenues & additions
CV=[B24-(B20+...+B22)]
00
24Total other revenues and additions453,481
 
25Total all revenues and other additions
CV=[B09+B19+B24]
81,809,49280,515,253
 
You may use the space below to provide context for the data you've reported above.
 

Institution: Indiana University-South Bend (151342)
User ID: 88G2401

Part C - Expenses and Other Deductions
Fiscal Year: July 1, 2010 - June 30, 2011
  12345678
Line No.DescriptionTotal amountSalaries & wagesEmployee fringe benefitsOperation and maintenance of plantDepreciationInterestAll other                    PY Total
Amount
 Expenses and Deductions 
01Instruction2,560,05535,981,840
02Research90,258427,539
03Public service93,829223,338
05Academic support1,834,6728,130,696
06Student services1,359,8396,120,062
07Institutional support749,6753,210,099
08Operation & maintenance
of plant
(see instructions)
04,264,8050
10Scholarships and fellowships
expenses
, excluding discounts & allowances
 7,858,8138,212,780
11Auxiliary enterprises689,7706,123,746
12Hospital services00
13Independent operations00
14Other expenses
& deductions
CV=[C19-(C01+...+C13)]
228,582228,58200000166,288
19Total expenses & deductions019,501,71668,596,388
 Prior year amount68,596,38833,155,99011,173,3814,374,531 1,650,53218,241,954
2012-month Student FTE from E12
CV
=[C20a+C20b]
6,027
20aUndergraduates5,537
20bGraduates490
21Total expenses and deductions per student FTE CV=[C19/C20]11,998
 
You may use the space below to provide context for the data you've reported above.
 

Institution: Indiana University-South Bend (151342)
User ID: 88G2401

Part D - Summary of Changes In Net Assets
Fiscal Year: July 1, 2010 - June 30, 2011
 
Line No.DescriptionCurrent year amountPrior year amount
01Total revenues & other additions (from B25)81,809,49280,515,253
 
02Total expenses & deductions (from C19)72,312,03868,596,388
 
03Change in net assets during year
CV=(D01-D02)
9,497,45411,918,865
04Net assets beginning of year77,022,415
05Adjustments to beginning net assets and other gains or losses
CV=[D06-(D03+D04)]
-3,100,497-4,556,016
06Net assets end of year (from A18)90,782,22184,385,264
 
You may use the space below to provide context for the data you've reported above.
 

Institution: Indiana University-South Bend (151342)
User ID: 88G2401

Part E - Scholarships and Fellowships
Fiscal Year: July 1, 2010 - June 30, 2011
   
Line No.SourceCurrent year amountPrior year amount
01Pell grants (federal)11,455,307
02Other federal grants655,263
03Grants by state government0
04Grants by local government0
05Institutional grants from restricted resources544,057
06Institutional grants from unrestricted resources
CV=[E07-(E01+...+E05)]
1,705,6201,658,727
07Total gross scholarships and fellowships14,313,354
 
 Discounts and Allowances  
08Discounts & allowances applied to tuition & fees6,100,573
09Discounts & allowances applied to sales & services of
auxiliary enterprises
CV= (E10-E08)
272,4101
10Total discounts & allowances
CV=(E07-E11)
9,095,6826,100,574
 
11Net scholarships and fellowships expenses after deducting
discount & allowances (from C10)
7,858,8138,212,780
 
You may use the space below to provide context for the data you've reported above.
 

Institution: Indiana University-South Bend (151342)
User ID: 88G2401

Part H - Details of Endowment Assets
Fiscal Year: July 1, 2010 - June 30, 2011
Line No.Value of Endowment AssetsMarket ValuePrior Year Amounts
  Include not only endowment assets held by the institution, but any assets held by private foundations affiliated with the institution.  
01Value of endowment assets at the beginning of the fiscal year  9,235,764
02Value of endowment assets at the end of the fiscal year  9,170,581
 
You may use the space below to provide context for the data you've reported above.
 

Institution: Indiana University-South Bend (151342)
User ID: 88G2401

Part J - Revenue Data for Bureau of Census
Fiscal Year: July 1, 2010 - June 30, 2011
Source and typeAmount
Total for all funds
and operations
(includes
endowment funds,
but excludes component units)
Education and general/independent operationsAuxiliary enterprises Hospitals Agriculture extension/experiment services
 (1)  (2)(3)(4)(5)
01Tuition and fees40,298,29140,298,291   
02Sales and services5,179,5984,802,104
03Federal grants/contracts (excludes Pell Grants)1,499,099
 Revenue from the state government:
04State appropriations, current & capital26,858,838
05State grants and contracts0
 Revenue from local governments:
06Local appropriation, current & capital0
07Local government grants/contracts0
08Receipts from property and non-property taxes 
09Gifts and private grants, including capital grants 
10Interest earnings 
11Dividend earnings 
12Realized capital gains 
 
You may use the space below to provide context for the data you've reported above.
 

Institution: Indiana University-South Bend (151342)
User ID: 88G2401

Part K - Expenditure Data for Bureau of Census
Fiscal Year: July 1, 2010 - June 30, 2011
CategoryAmount
Total for all funds and operations (includes endowment funds, but excludes component units)Education and general/
independent operations
Auxiliary enterprisesHospitals Agriculture extension/
experiment services
 (1)(2)(3)(4)(5)
01Salaries and wages33,809,4041,472,516
02Employee benefits, total12,390,293450,039
03Payment to state retirement funds (maybe included in line 02 above)592,755
04Current expenditures other than salaries11,280,504
 Capital outlay: 
05Construction3,477,914
06Equipment purchases916,088
07Land purchases594,402
08Interest on debt outstanding, all funds & activities 
09Scholarships/fellowships16,954,49516,954,495 
 
You may use the space below to provide context for the data you've reported above.
 

Institution: Indiana University-South Bend (151342)
User ID: 88G2401

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

Institution: Indiana University-South Bend (151342)
User ID: 88G2401

Part L - Debt and Assets, page 2
Fiscal Year: July 1, 2010 - June 30, 2011
Assets
CategoryAmount
07Total cash and security assets held at end of fiscal year in sinking or debt service funds
08Total cash and security assets held at end of fiscal year in bond funds
09Total 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.
 

Institution: Indiana University-South Bend (151342) User ID: 88G2401
Summary
Finance Survey Summary

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 $31,475,019 41% $5,222
Government appropriations $26,820,345 35% $4,450
Government grants and contracts $15,899,803 21% $2,638
Private gifts, grants, and contracts $892,044 1% $148
Investment income $175,317 0% $29
Other core revenues $2,017,270 3% $335
Total core revenues $77,279,798 100% $12,822
 
Total revenues $81,809,492   $13,574
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 $38,572,925 59% $6,400
Research $609,956 1% $101
Public service $255,575 0% $42
Academic support $8,709,505 13% $1,445
Institutional support $2,875,126 4% $477
Student services $6,482,887 10% $1,076
Other core expenses $8,087,395 12% $1,342
Total core expenses $65,593,369 100% $10,883
 
Total expenses $72,312,038   $11,998
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 6,027
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.






Institution:  Indiana University-South Bend (151342) User ID:  88G2401
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Institution: Indiana University-South Bend (151342)
 
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