Finance 2016-17 Institution: University of Wisconsin ... · CV=(E08+E09) 11,020,581 10,517,957 11 Net scholarships and fellowships expenses after deducting discounts and allowances

Finance 2016-17Institution: University of Wisconsin-Stevens Point (240480)User ID: 55C0011

OverviewFinance Overview

Purpose The purpose of the IPEDS Finance component is to collect basic financial information from items associated with theinstitution's General Purpose Financial Statements.

There are a few new changes to the 2016-17 Finance data collection:

•For all institutions, the expense matrix has been removed and expenses are collected by functional and naturalclassification categories separately, except for salaries and wages.•For GASB institutions, fields to collect deferred outflows and inflows of resources separately from current assets andliabilities to comply with GASB 63 have been added.

Please review the new screens and survey materials carefully.

Resources:To download the survey materials for this component: Survey Materials

If you have questions about completing this survey, please contact the IPEDS Help Desk at 1-877-225-2568.

https://surveys.nces.ed.gov/ipeds_py/VisIndex.aspx

Institution: University of Wisconsin-Stevens Point (240480)User ID: 55C0011

Finance - Public institutionsReporting 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 thisquestion will determine the forms you will receive for reporting finance data.


Finance - Public institutionsGeneral Information

GASB-Reporting Institutions (aligned form)To the extent possible, the finance data requested in this report should be provided from your institution's auditedGeneral Purpose Financial Statements (GPFS). Please refer to the instructions specific to each screen of the survey fordetails and references.1. Fiscal Year CalendarThis report covers financial activities for the 12-month fiscal year: (The fiscal year reported should be the mostrecent fiscal year ending before October 1, 2016.)Beginning: month/year (MMYYYY) Month: 7 Year: 2015And ending: month/year (MMYYYY) Month: 6 Year: 20162. Audit OpinionDid your institution receive an unqualified opinion on its General Purpose Financial Statements from your auditor for thefiscal year noted above? (If your institution is audited only in combination with another entity, answer this question basedon the audit of that entity.) Unqualified Qualified

(Explain inbox below)

Don't know(Explain inbox below)

3. Reporting ModelGASB Statement No. 34 offers three alternative reporting models for special-purpose governments like colleges anduniversities. Which model is used by your institution? Business Type Activities

Governmental Activities

Governmental Activities with Business-Type Activities

4. Intercollegiate AthleticsIf your institution participates in intercollegiate athletics, are the expenses accounted for as auxiliary enterprises ortreated as student services? Auxiliary enterprises

Student services

Does not participate in intercollegiate athletics

Other (specify in box below)

5. Endowment AssetsDoes this institution or any of its foundations or other affiliated organizations own endowment assets ? No

Yes - (report endowment assets)

6. PensionDoes your institution include pension liabilities, expenses, and/or deferrals for one or more defined benefit pension plansin its General Purpose Financial Statements? No

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


Part A - Statement of Net Position Page 1Most recent fiscal year ending before October 2016

If your institution is a parent institution then the amounts reported in Parts A and D should include ALL of yourchild institutions

Line no. Current year amount Prior year amount

Assets 01 Total current assets 71,716,171 77,388,471

31 Depreciable capital assets, net of depreciation 157,074,897 210,191,11404 Other noncurrent assets

CV=[A05-A31] 74,453,301 24,466,547

05 Total noncurrent assets 231,528,198 234,657,661

06 Total assetsCV=(A01+A05)

303,244,369 312,046,132

19 Deferred outflows of resources 37,392,181 Liabilities

07 Long-term debt, current portion 6,178,745 5,063,68708 Other current liabilities

CV=(A09-A07) 20,999,001 18,191,323

09 Total current liabilities 27,177,746 23,255,010

10 Long-term debt 89,531,722 89,978,81811 Other noncurrent liabilities

CV=(A12-A10) 16,760,452 9,666,525

12 Total noncurrent liabilities 106,292,174 99,645,343

13 Total liabilitiesCV=(A09+A12)

133,469,920 122,900,353

20 Deferred inflows of resources 14,321,683 Net Position

14 Invested in capital assets, net of related debt 121,889,065 115,148,60915 Restricted-expendable 32,538,694 38,031,95516 Restricted-nonexpendable 155,167 11,165,27917 Unrestricted

CV=[A18-(A14+A15+A16)] 38,262,021 24,799,936

18 Net positionCV=[(A06+A19)-(A13+A20)]

192,844,947 189,145,779

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


Part A - Statement of Net Position Page 2Most recent fiscal year ending before October 2016

Line No. Description Ending balance Prior year

Ending balance Capital Assets

21 Land and land improvements 27,607,096 6,073,19422 Infrastructure 0 20,890,28323 Buildings 268,198,909 257,999,10632 Equipment, including art and library collections 60,720,148 59,585,95727 Construction in progress 12,988,889 7,556,525

Total for Plant, Property and EquipmentCV = (A21+ .. A27)

369,515,042 352,105,065

28 Accumulated depreciation 151,915,509 141,913,95133 Intangible assets, net of accumulated amortization 0 034 Other capital assets 0 0



Part D - Summary of Changes In Net PositionMost recent fiscal year ending before October 2016

If your institution is a parent institution then the amounts reported in Parts A and D should include ALL of yourchild institutions

LineNo.

Description Current yearamount

Prior yearamount

01 Total revenues and other additions for this institution AND all of its childinstitutions

164,808,256 164,280,656

02 Total expenses and deductions for this institution AND all of its child

institutions 161,109,087 165,266,671

03 Change in net position during year

CV=(D01-D02) 3,699,169 -986,015

04 Net position beginning of year for this institution AND all of its childinstitutions

189,145,779 180,630,225

05 Adjustments to beginning net position and other gains or lossesCV=[D06-(D03+D04)]

-1 9,501,569

06 Net position end of year for this institution AND all of its child institutions(from A18)

192,844,947 189,145,779



Part E - Scholarships and FellowshipsMost recent fiscal year ending before October 2016

DO NOT REPORT FEDERAL DIRECT STUDENT LOANS (FDSL) ANYWHERE IN THIS SECTION

LineNo.

Scholarships and Fellowships Current yearamount

Prior yearamount

01 Pell grants (federal) 12,360,817 12,737,91802 Other federal grants (Do NOT include FDSL amounts) 881,412 681,73603 Grants by state government 4,000 317,37804 Grants by local government 0 005 Institutional grants from restricted resources 966,101 1,083,46206 Institutional grants from unrestricted resources

CV=[E07-(E01+...+E05)] 2,765,627 2,216,160

07 Total revenue that funds scholarships and fellowships 16,977,957 17,036,654 Discounts and Allowances

08 Discounts and allowances applied to tuition and fees 8,428,540 8,321,80809 Discounts and allowances applied to sales and services of

auxiliary enterprises 2,592,041 2,196,149

10 Total discounts and allowancesCV=(E08+E09)

11,020,581 10,517,957

11 Net scholarships and fellowships expenses after deducting

discounts and allowancesCV= (E07-E10) This amount will be carried forward to C10 of theexpense section.

5,957,376 6,518,697



Part B - Revenues by Source (1)Most recent fiscal year ending before October 2016

Line No. Source of Funds Current year amount Prior year amount Operating Revenues

01 Tuition and fees, after deducting discounts & allowances 51,949,316 51,358,878 Grants and contracts - operating

02 Federal operating grants and contracts 2,853,840 3,728,21703 State operating grants and contracts 3,232,562 3,658,06604 Local government/private operating grants and contracts 1,376,835 1,600,967

04a Local government operating grants and contracts 80,856 81,199 04b Private operating grants and contracts 1,295,979 1,519,768

05 Sales and services of auxiliary enterprises,after deducting discounts and allowances

24,398,656 23,883,858

06 Sales and services of hospitals,after deducting patient contractual allowances

0 0

26 Sales and services of educational activities 11,047,414 11,992,04207 Independent operations 0 008 Other sources - operating

CV=[B09-(B01+ ....+B07)] 16,105,339 15,489,681

09 Total operating revenues 110,963,962 111,711,709



LineNo.

Source of funds Current yearamount

Prior yearamount

Nonoperating Revenues 10 Federal appropriations 0 011 State appropriations 26,793,808 28,918,08612 Local appropriations, education district taxes, and similar support 0 0

Grants-nonoperating 13 Federal nonoperating grants Do NOT include Federal Direct Student

Loans 12,360,817 12,737,918

14 State nonoperating grants 0 015 Local government nonoperating grants 0 016 Gifts, including contributions from affiliated organizations 1,849,077 2,034,42917 Investment income 183,693 72,44618 Other nonoperating revenues

CV=[B19-(B10+...+B17)] 0 0

19 Total nonoperating revenues 41,187,395 43,762,87927 Total operating and nonoperating revenues

CV=[B19+B09] 152,151,357 155,474,588

28 12-month Student FTE from E12 8,408 8,71729 Total operating and nonoperating revenues per student FTE

CV=[B27/B28] 18,096 17,836



Line No. Source of funds Current year amount Prior year amount

Other Revenues and Additions 20 Capital appropriations 8,064,343 8,072,35721 Capital grants and gifts 17,400 8,16422 Additions to permanent endowments 0 023 Other revenues and additions

CV=[B24-(B20+...+B22)] 4,575,156 725,547

24 Total other revenues and additionsCV=[B25-(B9+B19)]

12,656,899 8,806,068

25 Total all revenues and other additions 164,808,256 164,280,656



Part C-1 - Expenses by Functional ClassificationMost recent fiscal year ending before October 2016

Report Total Operating AND Nonoperating Expenses in this sectionLine No. Expense: Functional Classifications Total amount Prior Year

Total AmountSalaries and wages Prior Year

Salaries and wages (1) (2)

01 Instruction 62,415,572 60,948,742 32,099,421 33,222,21802 Research 2,600,983 3,218,781 1,230,104 1,398,28003 Public service 12,254,661 16,904,524 4,702,225 5,434,18005 Academic support 12,262,164 14,672,757 5,354,143 7,000,28806 Student services 23,115,388 22,185,829 8,986,225 9,326,45007 Institutional support 15,360,505 13,873,970 8,041,556 7,254,40310 Scholarships and fellowships expenses,

net of discounts and allowances(from Part E, line 11)

5,957,376 6,518,697

11 Auxiliary enterprises 24,374,478 25,032,299 5,991,898 6,396,72412 Hospital services 0 0 0 013 Independent operations 0 0 0 014 Other Functional Expenses and deductions

CV=[C19-(C01+...+C13)] 2,767,960 1,911,072 28,395 21,219

19 Total expenses and deductions 161,109,087 165,266,671 66,433,967 74,743,884


Part C-2 - Expenses by Natural ClassificationMost recent fiscal year ending before October 2016

Line No. Expense: Natural Classifications Total Amount Prior year amount

19-2 Salaries and Wages(from Part C-1,Column 2 line 19) 66,433,967 74,743,88419-3 Benefits 30,318,785 26,851,55819-4 Operation and Maintenance of Plant (as a natural expense) 9,522,727 12,446,29719-5 Depreciation 10,001,558 10,108,69919-6 Interest 3,451,191 2,718,73819-7 Other Natural Expenses and Deductions

CV=[C19-1 - (C19-2 + ... + C19-6)] 41,380,859

19-1 Total Expenses and Deductions(from Part C-1, Line 19)

161,109,087 165,266,671

20-1 12-month Student FTE (from E12 survey) 8,408 8,71721-1 Total expenses and deductions per student FTE

CV=[C19-1/C20-1] 19,161 18,959



Part M - Pension InformationMost recent fiscal year ending before October 2016

Line No. Description Current year amount Prior Year amount

01 Pension expense 4,728,407 -1,891,030 02 Net Pension liability 6,660,268 -6,264,997 03 Deferred inflows related to pension 14,268,824 259,603 04 Deferred outflows related to pension 35,355,078 8,415,631



Part H - Details of Endowment AssetsMost recent fiscal year ending before October 2016

LineNo.

Value of Endowment Assets MarketValue

Prior YearAmounts

Include not only endowment assets held by the institution, but any assets held byprivate foundations affiliated with the institution.

01 Value of endowment assets at the beginning of the fiscal year 25,109,595 21,837,31402 Value of endowment assets at the end of the fiscal year 27,932,179 25,109,595



Part J - Revenue Data for the Census BureauMost recent fiscal year ending before October 2016

Source and type AmountTotal for all

fundsand operations

(includesendowment

funds,but excludescomponent

units)

Education andgeneral/independent

operations

Auxiliaryenterprises

Hospitals Agricultureextension/experiment

services

(1) (2) (3) (4) (5)01Tuition and fees 60,377,856 60,377,856 02Sales and services 38,038,111 11,047,414 26,990,697 0 003Federal

grants/contracts(excludes Pell Grants)

2,853,840 2,853,840 0 0 0

Revenue from the state government:04State appropriations,

current & capital 26,793,808 26,793,808 0 0 0

05State grants andcontracts

3,232,562 3,232,562 0 0 0

Revenue from local governments:06Local appropriation,

current & capital 0 0 0 0 0

07Local governmentgrants/contracts

80,856 80,856 0 0 0

08Receipts from propertyand non-property taxes

0

09Gifts and privategrants,NOT including capitalgrants

4,243,399

10Interest earnings 187,372 11Dividend earnings 2,655 12Realized capital gains 3,909 You may use the space below to provide context for the data you've reported above.


Part K - Expenditure Data for the Census BureauMost recent fiscal year ending before October 2016

Category Total for all funds and operations (includesendowment funds,

but excludes componentunits)

Education andgeneral/

independentoperations

Auxiliaryenterprises

Hospitals Agricultureextension/experiment

services

(1) (2) (3) (4) (5)02Employee benefits, total 32,423,165 30,595,428 1,827,737 003Payment to state retirement funds

(maybe included in line 02 above) 4,602,571 4,234,570 368,001 0 0

04Current expenditures includingsalaries

35,677,892 25,315,424 10,362,468 0 0

Capital outlays 05Construction 17,896,197 17,484,761 411,436 0 006Equipment purchases 1,053,835 1,053,835 0 0 007Land purchases 178,873 178,873 0 0 008Interest on debt outstanding, all

funds and activities 3,451,191



Part L - Debt and Assets for Census Bureau, page 1Most recent fiscal year ending before October 2016

DebtCategory Amount01 Long-term debt outstanding at beginning of fiscal year 94,859,52302 Long-term debt issued during fiscal year 10,414,42303 Long-term debt retired during fiscal year 9,669,97004 Long-term debt outstanding at end of fiscal year 95,603,97605 Short-term debt outstanding at beginning of fiscal year 006 Short-term debt outstanding at end of fiscal year 0



Part L - Debt and Assets for Census Bureau, page 2Most recent fiscal year ending before October 2016

AssetsCategory Amount07 Total cash and security assets held at end of fiscal year in sinking or debt service funds 5,889,43408 Total cash and security assets held at end of fiscal year in bond funds 009 Total cash and security assets held at end of fiscal year in all other funds 55,373,330 You may use the space below to provide context for the data you've reported above.


Prepared by This survey component was prepared by: Keyholder SFA Contact HR Contact

Finance Contact Academic Library Contact Other

Name: Email: How long did it take to prepare thissurvey 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 thereare questions concerning the data. The Keyholder will be copied on all email 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 thereporting 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 CollectionSystem.Thank you for your assistance.

Institution: University of Wisconsin-Stevens Point (240480) User ID: 55C0011Summary

Finance Survey Summary

IPEDS collects important information regarding your institution. All data reported in IPEDSsurvey components become available in the IPEDS Data Center and appear as aggregated datain various Department of Education reports. Additionally, some of the reported data appearsspecifically for your institution through the College Navigator website and is included in yourinstitution’s Data Feedback Report (DFR). The purpose of this summary is to provide you anopportunity to view some of the data that, when accepted through the IPEDS quality controlprocess, will appear on the College Navigator website and/or your DFR. College Navigator isupdated approximately three months after the data collection period closes and Data FeedbackReports will be available through the Data Center and sent to your institution’s CEO inNovember 2016.

Please review your data for accuracy. If you have questions about the data displayed belowafter reviewing the data reported on the survey screens, please contact the IPEDS Help Desk at:1-877-225-2568 or [email protected].

Core Revenues

Revenue Source Reported values Percent of total corerevenues

Core revenues per FTEenrollment

Tuition and fees $51,949,316 37% $6,179

State appropriations $26,793,808 19% $3,187

Local appropriations $0 0% $0

Government grants and contracts $18,528,075 13% $2,204

Private gifts, grants, and contracts $3,145,056 2% $374

Investment income $183,693 0% $22

Other core revenues $39,809,652 28% $4,735

Total core revenues $140,409,600 100% $16,700

Total revenues $164,808,256 $19,601

Other core revenues include federal appropriations; sales and services of educational activities; other operating andnonoperating sources; and other revenues and additions (e.g., capital appropriations, capital grants and gifts, etc.). Corerevenues exclude revenues from auxiliary enterprises (e.g., bookstores, dormitories), hospitals, and independent operations.For institutions reporting in Full parent/child relationships, core revenues per FTE enrollment amounts will not be allocated tochild institutions.

Core Expenses

Expense function Reported values Percent of total coreexpenses

Core expenses per FTEenrollment

Instruction $62,415,572 46% $7,423

Research $2,600,983 2% $309

Public service $12,254,661 9% $1,458

Academic support $12,262,164 9% $1,458

Institutional support $15,360,505 11% $1,827

Student services $23,115,388 17% $2,749

Other core expenses $8,725,336 6% $1,038

Total core expenses $136,734,609 100% $16,262

Total expenses $161,109,087 $19,161

Other core expenses include scholarships and fellowships, net of discounts and allowances, and other expenses. Core expensesexclude expenses from auxiliary enterprises (e.g., bookstores, dormitories), hospitals, and independent operations. Forinstitutions reporting in Full parent/child relationships, core expenses per FTE enrollment amounts will not be allocated to childinstitutions.

Calculated value

http://nces.ed.gov/ipeds/datacenter/

FTE enrollment 8,408

The full-time equivalent (FTE) enrollment used in this report is the sum of the institution’s FTE undergraduate enrollment andFTE 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: University of Wisconsin-Stevens Point (240480) User ID: 55C0011Edit Report

Finance

University of Wisconsin-Stevens Point (240480)

Source Description Severity Resolved OptionsScreen: Revenues Part 3

PerformEdits

The amount of additions to permanent endowmentsreported in Part B (line 22) should not be zero or blank.Please confirm that the data reported are correct. (Error#5231)

Confirmation Yes

RelatedScreens:

Revenues Part 3

Screen: PensionScreenEntry

The value is outside the expected range. Please correctyour data or explain. (Error #5280)

Explanation Yes

Reason: This is the correct number, in accordance with the requirements of GASB 68.ScreenEntry

The value is outside the expected range. Please correctyour data or explain. (Error #5280)

Explanation Yes

Reason: This is the correct number, in accordance with the requirements of GASB 68.

Documents

Finance 2016-17 Institution: University of Wisconsin ... · CV=(E08+E09) 11,020,581 10,517,957 11 Net scholarships and fellowships expenses after deducting discounts and allowances