Finance Institution: University of Wisconsin-River Falls (240471) User ID: 55C0011

Transcription

1 Institution: University of Wisconsin-River Falls (24471) User ID: 55C11 Finance 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

2 Institution: University of Wisconsin-River Falls (24471) User ID: 55C11 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.

3 Institution: University of Wisconsin-River Falls (24471) User ID: 55C11 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, 212.) Beginning: month/year Month: Year: (MMYYYY) And ending: month/year Month: Year: (MMYYYY) 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.

4

5 Institution: University of Wisconsin-River Falls (24471) User ID: 55C11 Part A - Statement of Net Assets Most recent fiscal year ending before October 212 If your institution is a parent institution then the amounts reported in Parts A and D should include ALL of your child institutions Line no. Current year amount Prior year amount Current Assets 1 Total current assets 37,71,474 41,18,514 Noncurrent Assets 31 Depreciable capital assets, net of depreciation 125,18, ,75,568 4 Other noncurrent assets CV=[A5-A31] 4,93,729 4,961,24 5 Total noncurrent assets 13,69,71 144,69,297 6 Total assets CV=(A1+A5) 185,789, ,141,184 Current Liabilities 7 Long-term debt, current portion 1,694,266 2,42,959 8 Other current liabilities CV=(A9-A7) 8,733,947 9,255,628 9 Total current liabilities 1,949,894 11,136,96 Noncurrent Liabilities 1 Long-term debt 32,94,716 46,244, Other noncurrent liabilities CV=(A12-A1) 75, , 12 Total noncurrent liabilities 33,735,716 46,95, Total liabilities CV=(A9+A12) 58,87,37 44,685,61 Net Assets 14 Invested in capital assets, net of related debt 9,473,74 91,58, Restricted-expendable 2,295,29 17,748, Restricted-nonexpendable 17 Unrestricted 18,895,791 11,686,661 CV=[A18-(A14+A15+A16)] 18 Total net assets CV=(A6-A13) 127,72, ,455,574

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

7 Institution: University of Wisconsin-River Falls (24471) User ID: 55C11 Part A - Statement of Net Assets (Page 2) Most recent fiscal year ending before October 212 Line No. Description Ending balance Prior year Ending balance Capital Assets 21 Land & land improvements 2,845,515 2,855, Infrastructure 7,33,861 7,681, Buildings 146,226, ,99, Equipment, including art and library collections 33,543,62 34,372, Construction in progress 7,21,29 22,476,162 Total for Plant, Property and Equipment 215,485, ,849,75 CV = (A21+.. A27) 28 Accumulated depreciation 71,741,65 75,779, Intangible assets, net of accumulated amortization 34 Other capital assets You may use the space below to provide context for the data you've reported above.

8 Institution: University of Wisconsin-River Falls (24471) User ID: 55C11 Part E - Scholarships and Fellowships Most recent fiscal year ending before October 212 DO NOT REPORT FEDERAL DIRECT STUDENT LOANS (FDSL) ANYWHERE IN THIS SECTION Line No. Source Current year amount Prior year amount 1 Pell grants (federal) 9,42,149 8,32,115 2 Other federal grants (Do NOT include FDSL amounts) 334,18 337,634 3 Grants by state government 136,27 83,927 4 Grants by local government 5 Institutional grants from restricted resources 243,98 275,973 6 Institutional grants from unrestricted resources CV=[E7-(E1+...+E5)] 398, ,253 7 Total gross scholarships and fellowships 1,2,76 9,128,82 Discounts and Allowances 8 Discounts & allowances applied to tuition & fees 5,598,549 5,153,61 9 Discounts & allowances applied to sales & services of 1,513,77 auxiliary enterprises 1,323,77 1 Total discounts & allowances CV=(E8+E9) 6,476,678 7,112, Net scholarships and fellowships expenses after deducting discounts & allowances CV= (E7-E1) This amount will be carried forward to C1 of the expense section. 2,651,44 2,89,54 You may use the space below to provide context for the data you've reported above.

9 Institution: University of Wisconsin-River Falls (24471) User ID: 55C11 Part B - Revenues and Other Additions Most recent fiscal year ending before October 212 Line No. Source of Funds Current year amount Prior year amount Operating Revenues 1 Tuition & fees, after deducting discounts & allowances 33,215,89 34,542,155 Grants and contracts - operating 2 Federal operating grants and contracts 2,468,7 2,298,622 3 State operating grants and contracts 546, ,226 4 Local government/private operating grants and contracts 534,7 991,275 4a Local government operating grants and contracts 45,72 4b Private operating grants and contracts 945, ,7 5 Sales & services of auxiliary enterprises, 13,595,23 after deducting discounts & allowances 13,285,26 6 Sales & services of hospitals, after deducting patient contractual allowances 26 Sales & services of educational activities 6,573,519 6,14,192 7 Independent operations 8 Other sources - operating 8,482,582 8,415,428 CV=[B9-(B1+...+B7)] 9 Total operating revenues 65,85,482 65,67,44

10 Institution: University of Wisconsin-River Falls (24471) User ID: 55C11 Part B - Revenues and Other Additions Most recent fiscal year ending before October 212 Line No. Source of funds Current year amount Prior year amount Nonoperating Revenues 1 Federal appropriations 11 State appropriations 28,145,198 22,546,94 12 Local appropriations, education district taxes, & similar support Grants-nonoperating 13 Federal nonoperating grants Do NOT include Federal Direct 9,42,149 Student Loans 8,32, State nonoperating grants 15 Local government nonoperating grants 16 Gifts, including contributions from affiliated organizations 22,99 95, Investment income 49,647 6, Other nonoperating revenues CV=[B19-(B1+...+B17)] 4, Total nonoperating revenues 37,263,459 31,545,1 27 Total operating and nonoperating revenues CV=[B19+B9] 97,152,144 13,68, month Student FTE from E12 6,145 6, Total operating and nonoperating revenues per student FTE CV=[B27/B28] 15,81 16,54

11 Institution: University of Wisconsin-River Falls (24471) User ID: 55C11 Part B - Revenues and Other Additions Most recent fiscal year ending before October 212 Line No. Source of funds Current year amount Prior year amount Other Revenues and Additions 2 Capital appropriations 2,727,513 3,427, Capital grants & gifts 143,96 2,559, Additions to permanent endowments 23 Other revenues & additions CV=[B24-(B2+...+B22)] 24 Total other revenues and additions 2,871,419 5,987, Total all revenues and other additions CV=[B9+B19+B24] 13,139,465 15,94,36 You may use the space below to provide context for the data you've reported above. There were no additions to UW River Fall s permanent endowments in FY212.

12 Institution: University of Wisconsin-River Falls (24471) User ID: 55C11 Part C - Expenses and Other Deductions Line No. Expenses and Deductions Most recent fiscal year ending before October 212 Report Total Operating AND Nonoperating Expenses in this section Description Total amount Salaries & wages Employee fringe benefits Operation and maintenance of plant Depreciation Interest All other 1 Instruction 38,38,126 2,95,866 7,65,45 3,523,167 2,15,37 3,88,66 38,315,326 2 Research 161, , ,532 29,764 17, ,75 3 Public service 1,794,81 1,112, ,171 99, ,473 2,45,5 5 Academic support 12,414,89 4,921,76 1,74,522 1,149, ,998 3,951,45 12,252,79 6 Student services 15,642,972 6,315,676 2,423,424 1,42, ,978 5,66 4,162,723 16,48,441 7 Institutional support 7,332,52 3,854,459 1,56,1 679,151 45, ,1 7,945,69 8 Operation & 3,62,765 maintenance 3,14,946 1,459,64-8,141, ,399 18,627 of plant (see instructions) 1 Scholarships and fellowships expenses, excluding discounts & allowances (from E11) 2,651,44 2,651,44 2,89,54 11 Auxiliary enterprises 13,629,158 2,49, ,159 1,19, , ,652 8,6,575 12,571, Hospital services 13 Independent operations 14 Other expenses & deductions 6,68,586 37,119 5,698,467 5,469,973 CV=[C19-(C1+...+C13)] 19 Total expenses & deductions 97,892,264 42,421,833 15,642,295 5,729,862 1,291,939 32,86,335 98,367,184 Prior year amount 98,367,184 42,482,244 18,656,125 4,43,76 1,141,195 31,657, month Student FTE 6,145 6,245 from E12 21 Total expenses and 15,93 15,751 deductions per student FTE CV=[C19/C2] You may use the space below to provide context for the data you've reported above. PY Total Amount

13 Interest for Instruction The majority of the academic debt service is GPR funded and appears on the State of Wisconsin CAFR not on the UW System Annual Financial Report.

14 Institution: University of Wisconsin-River Falls (24471) User ID: 55C11 Part D - Summary of Changes In Net Assets Most recent fiscal year ending before October 212 Line No. Description Current year amount Prior year amount 1 Total revenues & other additions (from B25) 13,139,465 15,94,36 2 Total expenses & deductions (from C19) 97,892,264 98,367,184 3 Change in net assets during year CV=(D1-D2) 5,247,21 7,573,176 4 Net assets beginning of year 114,882, ,455,574 5 Adjustments to beginning net assets and other gains or losses -1 2 CV=[D6-(D3+D4)] 6 Net assets end of year (from A18) 127,72, ,455,574 You may use the space below to provide context for the data you've reported above.

15 Institution: University of Wisconsin-River Falls (24471) User ID: 55C11 Part H - Details of Endowment Assets Most recent fiscal year ending before October 212 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. 1 Value of endowment assets at the beginning of the fiscal year 9,514,8 16,135,452 2 Value of endowment assets at the end of the fiscal year 16,135,452 15,875,435 You may use the space below to provide context for the data you've reported above.

16 Institution: University of Wisconsin-River Falls (24471) User ID: 55C11 Part J - Revenue Data for Bureau of Census Most recent fiscal year ending before October 212 Source and type Amount Total for all funds and operations (includes Education and general/independent operations Auxiliary enterprises Hospitals Agriculture extension/experiment services endowment funds, but excludes component units) (1) (2) (3) (4) (5) 1 Tuition and fees 39,695,756 39,695,756 2 Sales and 2,748,529 14,68,337 services 6,14,192 3 Federal 2,379,957 grants/contracts (excludes Pell Grants) 2,379,957 Revenue from the state government: 4 State 22,56,68 appropriations, current & capital 22,56,68 5 State grants 324,226 and contracts Revenue from local governments: 6 Local appropriation, current & capital 324,226 7 Local government grants/contracts 8 Receipts from property and non-property taxes 9 Gifts and private grants, 1,456,664 including capital grants 1 Interest earnings 11 Dividend earnings 12 Realized capital gains 61,715 2,13 2,526 You may use the space below to provide context for the data you've reported above.

17 Institution: University of Wisconsin-River Falls (24471) User ID: 55C11 Part K - Expenditure Data for Bureau of Census Most recent fiscal year ending before October 212 Category Amount Total for all funds and operations (includes Education and general/ independent operations Auxiliary enterprises Hospitals Agriculture extension/ experiment services endowment funds, but excludes component units) (1) (2) (3) (4) (5) 1 Salaries and wages 42,421,833 4,372,337 2,49,496 2 Employee benefits, total 15,642,295 14,798, ,159 3 Payment to state 2,315,353 retirement funds (maybe included in line 2 above) 2,156,68 158,673 4 Current expenditures 24,47,952 other than salaries Capital outlay: 5 Construction 17,796,189 6 Equipment purchases 2,369,77 7 Land purchases 16,412,746 1,449,724 1,829,999 8,58,26 15,929, ,78 416,472 8 Interest on debt outstanding, all funds & 1,291,939 activities 9 Scholarships/fellowships 9,128,82 9,128,82 You may use the space below to provide context for the data you've reported above.

18 Institution: University of Wisconsin-River Falls (24471) User ID: 55C11 Part L - Debt and Assets, page 1 Most recent fiscal year ending before October 212 Debt Category Amount 1 Long-term debt outstanding at beginning of fiscal year 2 Long-term debt issued during fiscal year 3 Long-term debt retired during fiscal year 4 Long-term debt outstanding at end of fiscal year 5 Short-term debt outstanding at beginning of fiscal year 6 Short-term debt outstanding at end of fiscal year 34,32,24 18,138,997 4,43,19 48,416,181 You may use the space below to provide context for the data you've reported above.

19 Institution: University of Wisconsin-River Falls (24471) User ID: 55C11 Part L - Debt and Assets, page 2 Most recent fiscal year ending before October 212 Assets Category 7 Total cash and security assets held at end of fiscal year in sinking or debt service funds 8 Total cash and security assets held at end of fiscal year in bond funds 9 Total cash and security assets held at end of fiscal year in all other funds Amount 35,913,328 You may use the space below to provide context for the data you've reported above.

20 Institution: University of Wisconsin-River Falls (24471) User ID: 55C11 Prepared by This survey component was prepared by: Keyholder SFA Contact HR Contact Finance Contact Other Name: How long did it take to prepare this survey component? hours minutes The name of the preparer is being collected so that we can follow up with the appropriate person in the event that there are questions concerning the data. The Keyholder will be copied on all correspondence to other preparers. The time it took to prepare this component is being collected so that we can continue to improve our estimate of the reporting burden associated with IPEDS. Please include in your estimate the time it took for you to review instructions, query and search data sources, complete and review the component, and submit the data through the Data Collection System. Thank you for your assistance.

21 Institution: University of Wisconsin-River Falls (24471) Summary Finance Survey Summary User ID: 55C11 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 213. 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: or ipedshelp@rti.org. Core Revenues Revenue Source Reported values Percent of total core revenues Core revenues per FTE enrollment Tuition and fees $34,542,155 38% $5,621 Government appropriations $22,546,94 25% $3,669 Government grants and contracts $1,654,963 12% $1,734 Private gifts, grants, and contracts $1,439,534 2% $234 Investment income $6,518 % $1 Other core revenues $2,61,95 23% $3,354 Total core revenues $89,854,25 1% $14,622 Total revenues $13,139,465 $16,784 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 $38,38,126 45% $6,19 Research $321,346 % $52 Public service $1,794,81 2% $292 Academic support $12,414,89 15% $2,2 Institutional support $7,332,52 9% $1,193 Student services $15,642,972 19% $2,546

22 Core Expenses Other core expenses $8,719,99 1% $1,419 Total core expenses $84,263,16 1% $13,712 Total expenses $97,892,264 $15,93 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 6,145 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.

23 Institution: University of Wisconsin-River Falls (24471) Edit Report User ID: 55C11 Finance University of Wisconsin-River Falls (24471) Source Description Severity Resolved Options Screen: Revenues Part 3 Screen Entry This number should not be zero or blank. Please verify. (Error #5231) Related Revenues Part 3 Screens: Screen: Expenses Screen Entry The amount of interest allocated to instruction expenses is relatively high (or relatively low) compared to the total interest expense. If you believe this number is correct, please contact the Help Desk. (Error #5178) Confirmation Yes Fatal Yes Reason: Overridden by administrator. The majority of our academic debt service is GPR funded and appears on the State of Wisconsin CAFR - not on the UW System Annual Financial Report. JLM