Finance GASB (Governmental Accounting Standards Board), using standards of GASB 34 & 35

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1 Finance Institution: University of South Carolina-Columbia (218663) ---_._-----j J User ID: 45c0011 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.

2 Finance - Public institutions Form Version Finance - Public Institutions The survey for GASS has been realigned to improve commonality and comparability of the finance data, however reporting in the new format is OPTIONAL for Fiscal Year Please indicate in which version you will report finance data: GASB, using standards of GASB 34 & 35 Aligned GASB, using standards of GASB 34 & 35 (OPTIONAL in Fiscal Year ) 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 Finance - Public institutions General Information Finance - Public Institutions (unaligned form) To the extent possible, the finance data requested in this report should be provided from your institution's audited General Purpose Financial Statement (GPFS). Please refer to the instructions specific to each page of the survey for detailed instruction 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, 2009.) Beginning: month/year (MMYYVY) And ending: month/year (MMYYYY) 2. Audit Opinio_1l 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.) 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 4. Intercollegiate Athletics If your institution participates in intercollegiate athletics, are the expenses accounted for as auxiliary enterprises or treated as student services? Auxiliary Student enterprises services 5. Endowment Assets Does this institution or any of its foundations or other affiliated organizations own ~ndowmentc;issets? Yes - (report endowment assets) No 6.Component Units Each discretely presented component unit should be reported in the same manner and amounts as included on the face of the institution's GPFS. There should be one Finance Survey component unit form (Part F or G) completed for each column on the face of the GPFS other than the institution itself, whether that column represents a single component unit or a combination of component units. Number of component unit columns on GPFS using FASB standards Number of component unit columns on GPFS using GASB standards

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5 Part A - Statement of Net Assets Line no. Description Current Assets Capital assets - depreciable (gross) 1,141,889,693 Accumulated depreciation 432,949,803 Capital assets, net of depreciation CV=(A02-A03) Other noncurrent assets CV=[A05-(A02-A03)] Total noncurrent assets 64,115, , Total assets CV=(A01 +A05) Current Liabilities Long-term debt, current portion Other current liabilities CV=(A09-A07) Total current liabilities Long-term debt Other noncurrent CV=(A 12-A 10) Total noncurrent liabilities liabilities Total liabilities CV=(A09+A 12) Invested in capital assets, net of related debt Restricted-expendable Rel?tricted:non_expenda.ble 456,649,254 53,482,598 40,543, ,070,138 71,161,727 23,906,357 Unrestricted CV=[A18-(A 14+A15+A16)]

6 Total net assets CV=(A06-A 13)

7 Part A - Plant, Property, and Equipment Line No. Beginning balance 21 Land & land improvements 103,678 74,008, Infra&.ITucture Buildings 125,631, ,513, Equipment 4,383, ,473, Art and library collections 0 18,219,367 Property obtained under capital leases (if not included in equipment) 27 Construction in progress 99,900,551 85,824, ,849,783 65,875,493 Total for Plant, Property and Equipment 1,141,889, ,536, ,336,709 1,252,089,174 CV = (A21+.. A27) 28 Accumulated depreciation 37,599,815 4,271, ,278,457

8 Part B - Revenues and Other Additions Operating Revenues Tuition & fees, after deducting discounts & allowances ~rants and contracts - operating Federal operating grants and contracts 108,077,431 State operating grants and contracts 52,529,449 Local government/private operating grants and contracts 673,935 Sales & services of auxiliary enterprises, after deducting discounts & allowances Sales & services of hospitals, after deducting patient contractual allowances Independent operations Other sources - operating CV=[B09-(B B07)] Total operating revenues

9 Part B - Revenues and Other Additions Nonoperating Revenues Federal appropriations State appropriations Local appropriations, education district taxes, & similar support 188,308,819 o o G~ants-nonoperating Federal nonoperating grants State nonoperating grants Local government nonoperating grants Gifts, including contributions from affiliated organizations Investment income Other nonoperating revenues CV=[B19-(B B17)] 12,943,552 o 11,465,080 o o 32,910,919 9,089,812 Total nonoperating revenues

10 Part B - Revenues and Other Additions Capital appropriations 15,074,506 Capital grants & gifts Additions to permanent endowments 973, ,575 Other revenues CV=[B24-(B20+ & additions...+b22)] Total other revenues and additions Total all revenues and other additions CV=(B09+B 19+B24)

11 User 10: 45cOO11 Part C - Expenses and Other Deductions Employee fringe All ~ne Description Current year total Salaries & wages Depreciation o. benefits other Operating Expenses 01 Instruction , Researcl1 0 32,514, Public service , Academic support 0 15, Student services Institutional ~ort 28, ,920,556 Operation & 08 maintenance , ,225 5,440, , Qf.Qlant 09 Depreciation 37, ,599, Scholarships and fellowships expenses, excluding discounts & ~liowallces Auxiliary enterprises 12,179,799 6, ,387, Hospital services illdependent operations Other expenses & deductions CV=[C15- (C C13)] Total operating expenses Prior year amount , ,676, ,175, ,914,390 33,830, ,756,059

12 User 10: 45cOO11 Part C - Expenses and Other Deductions Employee fringe All ~ne Description Current year total Salaries & wages Depreciation o. benefits other Nonoperating Expenses and Deductions 16 Interest 12,375,362 12,375, Other nonoperating expenses & deductions (CV) CV=(C18-C16) 1,039, ,039,121 Total nonoperating 18 expenses & 13,414, ,414,483 deductions (CV) CV=(C19-C15) 19 Total expenses & deductions Prior year amount 722,957,692 37,599, ,629, ,506, ,175, ,914,390 33,830, ,586,217

13 Part 0 - Summary of Changes In Net Assets Change in net assets during year CV=(D01-D02) Net asset~ beginning of year Adjustments to beginning net assets CV=[D06-(D03+D04)] Net assets end of year (from A18)

14 Part E - Scholarships and Fellowships Line No. Source Current year amount Prior year amount 01 Pell grants (federal) 11,465, Other federal grants 4,596, Grants by state government 47,499,149 44,772, Grants by local government 0 05 Institutional grants from restricted resources 9,859, Institutional grants from unrestricted resources CV=[E07-(E E05)] 70,551,311 52,096, Total gross scholarships and fellowships 152,064, ,789,441 Discounts and Allowances 08 Discounts & allowances applied to tuition & fees 63,911,186 Discounts & allowances applied to sales & services of 09 auxiliary enterprises 4,489,194 2,856,697 CV= (E10-E08) 10 Total discounts & allowances CV=(E07 -E 11) 139,884,429 66,767, Net scholarships and fellowships expenses after deducting discount & allowances (from C10) 12,179,799 56,021,558

15 Part G - Component Unit that Uses GASB Standards Part G - GASS Component Unit that uses GASS Standards Line No. Statement of Net Assets Total current assets Total non-current CV=(G03-G01) assets (CV) Total Assets 04 Total current liabilities Total noncurrent liabilities (CV) CV=(G06-G04) Total liabilities CV=(G3-G11) (CV) Net Assets 07 Invested in capital assets, net of related debt 08 Restricted-expendable 09 Restricted-nonexpendable 10 Unrestricted (CV) CV=[G11-(G G09)] 11 Total net assets

16 Part G - Component Unit that Uses GASB Standards Part G GASB Component Unit that uses GASB Standards User 10: 45c0011 Line No. Current year amount Statement of revenues, expenses, and Changes in Net Assets 12 Total operating revenues 57,141, Total operating expenses 55,024,627 13a Expenses paid to institution (included in G13) 0 14 Net operating revenues (Expenses) (CY) CY=(G12-G13) 2,116, Total nonoperating revenues 0 16 Total nonoperating expenses (CY) CY=[(G 14+G 15)-G 17] 2,554, Net income before other revenues, expenses, gains, or losses -437,190 Total other additions & deductions (CY) 18 0 CY=(G19-G17) 19 Change in net assets -437, Net assets -- beginning of year 17,058, Adjustments to beginning net assets (CV) [G22-(G19+G20)) 0 22 Net assets -- end of year (from G11) 16,621,009

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18 Part H - Details of Endowment Assets Line No. Value of Endowment Assets 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 02 Value of endowment assets at the end of the fiscal year Prior Year Amounts 320,227, ,618,209

19 Part J - Revenue Data for Bureau of Census Total for all funds Source and type and operations Education and (includes. endowment funds, general!lnd~pendent but excludes operations component units) Auxiliary enterprises Agriculture extension/experiment services (1) (2) (3) (4) (5) 01 Tuition and fees 360,280, ,280, Sale.s and services Federal 03 grants/contracts (excludes Pell Grants) 115,962,998 20,726,315 95,236, ,286, ,286, Revenue from the state government: State 04 appropriations, current & capital 05 State grants and contracts 149,768, ,731,130 53,731, Revenue from local governments: Local 06 appropriation, current & capital Local 07 government 693, grants/contracts Receipts from 08 property and non-property taxes Gifts and 09 private grants, including capital grants 10 Inter~st earnings 11 Divi~end earm~ 12 R~alized capital ga!n.~ 0 90,437,773 12,584,

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21 Part K - Expenditure Data for Bureau of Census Amount Category Total for all funds and operations Education and Agriculture (includes general/ Auxiliary extension/ Hospitals endowment funds, independent enterprises experiment but excludes operations services component units) (1) (2) (3) (4) (5) 01 Salaries and wages 367,054,772 28,303, Employee benefits, total 106,673,932 6,755, Payment to state 03 retirement funds (maybe included in line 02 above) 04 Current expenditures other than salaries Capital outlay: ,034, Construction 91,606, Equipment purchases 10,376, Land purchases 10,514, Interest on debt 08 outstanding, all funds & 12,375,362 activities 09 Scholarships/fellowships 152,064, ,064,228

22 Part L - Debt and Assets, page 1 Debt Category 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 224,523, ,623 7,085, ,332,856 o 19,600,000

23 Part L - Debt and Assets, page 2 Assets Category 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 11,189,041 13,214, ,354,211

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