finance 2011-12 institution: cuny medgar evers college ...€¦ · fiscal year: july 1, 2010 - june...
Post on 07-Feb-2021
0 Views
Preview:
TRANSCRIPT
-
Finance 2011-12
Institution: CUNY Medgar Evers College (190646)User ID: 36c0021
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.
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.
https://surveys.nces.ed.gov/ipeds/VisIndex.aspxhttps://surveys.nces.ed.gov/IPEDS/PriorYearDataRedirect.aspx?survey_id=5
-
Institution: CUNY Medgar Evers College (190646)User ID: 36c0021
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.
-
Institution: CUNY Medgar Evers College (190646)User ID: 36c0021
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, 2011.)Beginning: month/year(MMYYYY)
Month: Year:
And ending: month/year(MMYYYY)
Month: Year:
2. 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 ? Yes - (report endowment assets)
No
You may use the space below to provide context for the data you've reported above.
7 2010
6 2011
-
Institution: CUNY Medgar Evers College (190646)User ID: 36c0021
Part A - Statement of Net AssetsFiscal Year: July 1, 2010 - June 30, 2011
Line no. Current year amount Prior year amount Current Assets 01 Total current assets 18,158,371
Noncurrent Assets 31 Depreciable capital assets, net of depreciation 34,829,012
04 Other noncurrent assetsCV=[A05-A31]
7,925,270 189,234,247
05 Total noncurrent assets 224,063,259
06 Total assets
CV=(A01+A05)260,910,501 242,221,630
Current Liabilities 07 Long-term debt, current portion 7,485,671
08 Other current liabilitiesCV=(A09-A07)
11,143,824 13,543,635
09 Total current liabilities 21,029,306
Noncurrent Liabilities 10 Long-term debt 146,449,935
11 Other noncurrent liabilitiesCV=(A12-A10)
15,258,418 14,197,856
12 Total noncurrent liabilities 160,647,791
13 Total liabilities
CV=(A09+A12)256,396,175 181,677,097
Net Assets 14 Invested in capital assets, net of related debt 66,790,250
15 Restricted-expendable 3,858,263
16 Restricted-nonexpendable 173,614
17 UnrestrictedCV=[A18-(A14+A15+A16)] -12,764,606
-10,277,594
18 Total net assetsCV=(A06-A13)
4,514,326 60,544,533
You may use the space below to provide context for the data you've reported above.
13,737,744
239,247,487
247,172,757
4,080,276
15,224,100
225,913,657
241,172,075
17,092,361
12,957
173,614
-
Institution: CUNY Medgar Evers College (190646)User ID: 36c0021
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 2,132,000
22 Infrastructure 2,518,682
23 Buildings 54,686,688
32 Equipment, including art and library collections 8,047,398
27 Construction in progress 184,602,090
Total for Plant, Property and EquipmentCV = (A21+ .. A27)
282,134,212 251,986,858
28 Accumulated depreciation 30,482,203
33 Intangible assets, net of accumulated amortization 156,259
34 Other capital assets 0
You may use the space below to provide context for the data you've reported above.
2,132,000
2,582,869
259,800,727
14,505,698
3,112,918
37,862,673
317,178
0
-
Institution: CUNY Medgar Evers College (190646)User ID: 36c0021
Part B - Revenues and Other AdditionsFiscal 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 9,826,379
Grants and contracts - operating 02 Federal operating grants and contracts 3,667,590
03 State operating grants and contracts 11,544,026
04 Local government/private operating grants and contracts 6,463,374 5,481,41904a Local government operating grants and contracts 4,880,480
04b Private operating grants and contracts 600,939
05 Sales & services of auxiliary enterprises,after deducting discounts & allowances
261,169
06 Sales & services of hospitals,after deducting patient contractual allowances
0
26 Sales & services of educational activities 0
07 Independent operations 0
08 Other sources - operatingCV=[B09-(B01+ ....+B07)]
177,307 433,721
09 Total operating revenues 31,214,304
10,926,638
4,008,444
7,234,499
5,890,313
573,061
146,328
0
0
28,956,590
-
Institution: CUNY Medgar Evers College (190646)User ID: 36c0021
Part B - Revenues and Other AdditionsFiscal Year: July 1, 2010 - June 30, 2011
LineNo.
Source of funds Current year amount Prior yearamount
Nonoperating Revenues 10 Federal appropriations 0
11 State appropriations 36,811,583
12 Local appropriations, education district taxes, & similar support 3,232,994
Grants-nonoperating 13 Federal nonoperating grants 19,841,861
14 State nonoperating grants 0
15 Local government nonoperating grants 0
16 Gifts, including contributions from affiliated organizations 54,179
17 Investment income 14,799
18 Other nonoperating revenuesCV=[B19-(B10+...+B17)]
3,427,119 2,155,604
19 Total nonoperating revenues 62,111,020
27 Total operating and nonoperating revenues CV=[B19+B09] 101,874,966 93,325,32428 12-month Student FTE from E12
CV=[B28a+B28b]5,577
28a Undergraduates 5,57728b Graduates
29 Total operating and nonoperating revenues per student FTECV=[B27/B28]
18,267
0
44,314,204
3,258,350
21,668,238
0
0
243,963
6,502
72,918,376
-
Institution: CUNY Medgar Evers College (190646)User ID: 36c0021
Part B - Revenues and Other AdditionsFiscal 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 16,791,953
21 Capital grants & gifts 0
22 Additions to permanent endowments 0
23 Other revenues & additionsCV=[B24-(B20+...+B22)]
0 0
24 Total other revenues and additions 16,791,953
25 Total all revenues and other additions
CV=[B09+B19+B24]148,695,248 110,117,277
You may use the space below to provide context for the data you've reported above.
46,820,282
0
0
46,820,282
-
Institution: CUNY Medgar Evers College (190646)User ID: 36c0021
Part C - Expenses and Other DeductionsFiscal Year: July 1, 2010 - June 30, 2011
1 2 3 4 5 6 7 8LineNo.
Description Total amount Salaries & wages Employee fringe benefits Operation andmaintenance of plant
Depreciation Interest Allother
PY TotalAmount
Expenses andDeductions
01 Instruction 942,455 44,358,821
02 Research 596,664 767,208
03 Public service 16,159 2,767,138
05 Academic support 961,234 10,282,492
06 Student services 2,039,983 10,548,448
07 Institutional support 4,851,153 20,692,039
08 Operation &maintenanceof plant (seeinstructions)
0 8,781,581 0
10 Scholarships andfellowshipsexpenses, excludingdiscounts & allowances
12,207,775 10,379,674
11 Auxiliary enterprises 738,668 1,884,073
12 Hospital services 0 0
13 Independent operations 0 0
14 Other expenses& deductionsCV=[C19-(C01+...+C13)]
3,585,742 0 0 1 1 0 3,585,740 413,137
19 Total expenses &deductions
0 34,721,412 102,093,030
Prior year amount 102,093,030 50,248,084 19,516,845 2,860,150 2,236,945 27,231,00620 12-month Student FTE
from E12CV=[C20a+C20b]
5,577
20a Undergraduates 5,57720b Graduates
21 Total expenses anddeductions per studentFTE CV=[C19/C20]
22,589
You may use the space below to provide context for the data you've reported above.
49,005,839 29,050,998 12,351,105 3,075,428 1,678,956 1,906,897
1,787,362 515,727 46,950 289,949 158,291 179,781
3,111,156 2,016,106 828,425 115,637 63,129 71,700
10,732,549 3,104,461 762,179 2,726,113 1,488,255 1,690,307
12,655,807 5,532,011 1,982,426 1,431,871 781,695 887,821
30,723,016 7,516,936 3,224,697 6,985,434 3,813,528 4,331,268
4,380,732 1,998,065 -15,160,378 0 0
12,207,775
2,169,327 216,701 53,118 535,945 292,586 332,309
0 0 0 0 0 0
0 0 0 0 0 0
125,978,573 52,333,672 21,246,965 8,276,441 9,400,083
-
Institution: CUNY Medgar Evers College (190646)User ID: 36c0021
Part D - Summary of Changes In Net AssetsFiscal Year: July 1, 2010 - June 30, 2011
Line No. Description Current year amount Prior year amount01 Total revenues & other additions (from B25) 148,695,248 110,117,277 02 Total expenses & deductions (from C19) 125,978,573 102,093,030 03 Change in net assets during year
CV=(D01-D02)22,716,675 8,024,247
04 Net assets beginning of year 54,069,127
05 Adjustments to beginning net assets and other gains or lossesCV=[D06-(D03+D04)] -78,746,882
-1,548,841
06 Net assets end of year (from A18) 4,514,326 60,544,533 You may use the space below to provide context for the data you've reported above.
60,544,533
-
Institution: CUNY Medgar Evers College (190646)User ID: 36c0021
Part E - Scholarships and FellowshipsFiscal Year: July 1, 2010 - June 30, 2011
Line No. Source Current year amount Prior year amount01 Pell grants (federal) 19,841,861
02 Other federal grants 1,274,173
03 Grants by state government 9,373,335
04 Grants by local government 84,034
05 Institutional grants from restricted resources 151,485
06 Institutional grants from unrestricted resourcesCV=[E07-(E01+...+E05)]
501,932 1,422,194
07 Total gross scholarships and fellowships 32,147,082
Discounts and Allowances 08 Discounts & allowances applied to tuition & fees 21,767,408
09 Discounts & allowances applied to sales & services ofauxiliary enterprisesCV= (E10-E08)
1 0
10 Total discounts & allowancesCV=(E07-E11)
20,938,275 21,767,408
11 Net scholarships and fellowships expenses after deducting
discount & allowances (from C10)12,207,775 10,379,674
You may use the space below to provide context for the data you've reported above.
21,668,238
1,029,222
7,940,434
138,951
1,867,273
33,146,050
20,938,274
-
Institution: CUNY Medgar Evers College (190646)User ID: 36c0021
Part H - Details of Endowment AssetsFiscal Year: July 1, 2010 - June 30, 2011
LineNo.
Value of Endowment Assets Market Value Prior YearAmounts
Include not only endowment assets held by the institution, but anyassets held by private foundations affiliated with the institution.
01 Value of endowment assets at the beginning of the fiscal year
467,223
02 Value of endowment assets at the end of the fiscal year
515,142
You may use the space below to provide context for the data you've reported above.
515,142
598,658
-
Institution: CUNY Medgar Evers College (190646)User ID: 36c0021
Part J - Revenue Data for Bureau of CensusFiscal Year: July 1, 2010 - June 30, 2011
Source and type AmountTotal for all fundsand operations
(includesendowment funds,
but excludes componentunits)
Education andgeneral/independent
operations
Auxiliary enterprises Hospitals Agricultureextension/experiment
services
(1) (2) (3) (4) (5)01 Tuition and fees 31,864,912 31,864,912 02 Sales and
services146,329 146,329 0
03 Federalgrants/contracts(excludes PellGrants)
4,008,444
Revenue from the state government:04 State
appropriations,current &capital
91,134,486
05 State grantsand contracts
7,234,499
Revenue from local governments:06 Local
appropriation,current &capital
3,258,350
07 Localgovernmentgrants/contracts
5,890,313
08 Receipts fromproperty andnon-propertytaxes
09 Gifts andprivate grants,including capitalgrants
10 Interestearnings
11 Dividendearnings
12 Realized capitalgains
You may use the space below to provide context for the data you've reported above.
0 0
4,008,444 0 0 0
91,134,486 0 0 0
7,234,499 0 0 0
3,258,350 0 0 0
5,890,313 0 0 0
0
817,024
6,502
0
0
-
Institution: CUNY Medgar Evers College (190646)User ID: 36c0021
Part K - Expenditure Data for Bureau of CensusFiscal Year: July 1, 2010 - June 30, 2011
Category AmountTotal for all funds andoperations (includes
endowment funds, butexcludes component
units)
Education and general/independent operations
Auxiliary enterprises Hospitals Agriculture extension/experiment services
(1) (2) (3) (4) (5)01 Salaries and wages 52,333,672 216,701 0
02 Employee benefits, total 21,246,964 53,118 0
03 Payment to stateretirement funds (maybeincluded in line 02above)
0
04 Current expendituresother than salaries
18,927,894
Capital outlay: 05 Construction 26,274,309
06 Equipment purchases 7,339,401
07 Land purchases 0
08 Interest on debtoutstanding, all funds &activities
09 Scholarships/fellowships 33,146,050 33,146,050 You may use the space below to provide context for the data you've reported above.
52,116,971 0
21,193,846 0
0 0 0 0
18,189,227 738,667 0 0
26,274,309 0 0 0
7,339,401 0 0 0
0 0 0 0
0
-
Institution: CUNY Medgar Evers College (190646)User ID: 36c0021
Part L - Debt and Assets, page 1Fiscal Year: July 1, 2010 - June 30, 2011
DebtCategory Amount01 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.
-
Institution: CUNY Medgar Evers College (190646)User ID: 36c0021
Part L - Debt and Assets, page 2Fiscal Year: July 1, 2010 - June 30, 2011
AssetsCategory Amount07 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.
-
Institution: CUNY Medgar Evers College (190646) User ID: 36c0021Summary
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 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 belowafter 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 corerevenues
Core revenues per FTEenrollment
Tuition and fees $10,926,638 7% $1,959
Government appropriations $47,572,554 32% $8,530
Government grants and contracts $38,801,494 26% $6,957
Private gifts, grants, and contracts $817,024 1% $146
Investment income $6,502 0% $1
Other core revenues $50,424,708 34% $9,042
Total core revenues $148,548,920 100% $26,636
Total revenues $148,695,248 $26,662
Core revenues include tuition and fees; government appropriations (federal, state, and local); government grants andcontracts; private gifts, grants, and contracts; investment income; other operating and nonoperating sources; and otherrevenues 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 coreexpenses
Core expenses per FTEenrollment
Instruction $49,005,839 40% $8,787
Research $1,787,362 1% $320
Public service $3,111,156 3% $558
Academic support $10,732,549 9% $1,924
Institutional support $30,723,016 25% $5,509
Student services $12,655,807 10% $2,269
-
Core Expenses
Other core expenses $15,793,517 13% $2,832
Total core expenses $123,809,246 100% $22,200
Total expenses $125,978,573 $22,589
Core expenses include expenses for instruction, research, public service, academic support, institutional support, studentservices, operation and maintenance of plant, depreciation, scholarships and fellowships expenses, other expenses, andnonoperating expenses.
Calculated value
FTE enrollment 5,577
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: CUNY Medgar Evers College (190646) User ID: 36c0021Edit Report
FinanceInstitution: CUNY Medgar Evers College (190646)
Source Description Severity Resolved OptionsScreen: Assets
UploadFile
This number should be greater thanzero. Please explain. (Error #5148)
Explanation Yes Back tosurveydata
Reason: Other than the operation result, the unrestricted net assets in deficitis primarily attributable to recording: 1) the liabilities of accruedcompensated vacation leaves and accumulated sick leaves inaccordance with GASB Statement No. 16, Accounting forCompensated Absences, and 2) the liabilities for postemploymentbenefits to employees in accordance with GASB Statement No. 45Accounting and Financial Reporting by Employers for PostemploymentBenefits Other Than Pensions.
Screen: Part 3
PerformEdits
This number should not be zero orblank. Please verify. (Error #5231)
Confirmation Yes Back tosurveydata
RelatedScreens:
Part 3
Screen: Part 1
ScreenEntry
The number entered, 8,276,441,has an expected range of between1,430,075 and 4,290,225 based onlast year's amount. Please explainthis difference. (Error #5301)
Explanation Yes Back tosurveydata
Reason: The variance was mainly due to the refinement in the methodology forallocating capital assets, and related long-term debts from UniversityManagement to each College.
ScreenEntry
The number entered, 9,400,083,has an expected range of between1,118,473 and 3,355,417 based onlast year's amount. Please explainthis difference. (Error #5301)
Explanation Yes Back tosurveydata
Reason: The variance was mainly due to the refinement in the methodology forallocating capital assets, and related long-term debts from UniversityManagement to each College.
Explanation
-
ScreenEntry
The number entered, 1,787,362,does not lie within the expectedrange of between 383,604 and1,150,812 when compared to lastyear's value. Please explain thedifference if the value reported iscorrect. (Error #5302)
Yes Back tosurveydata
Reason: The 2011 variance was due to the increase in research activities at RF-CUNY.
Screen: Net Assets
PerformEdits
The amount of adjustments tobeginning net assets is not withinthe expected range. Please explain.(Error #5184)
Explanation Yes Back tosurveydata
Reason: The prior period adjustment to beginning net assets was due to therefinement in the methodology for allocating capital assets, andrelated long-term debts from University Management to each College.
RelatedScreens:
Net Assets
top related