Finance 2007-08
Institution: Indiana University-Bloomington (151351)
User ID: 88G2401

Finance - Public institutions
Reporting Standard
Please indicate which reporting standards are used to prepare your financial statements:
      GASB (Governmental Accounting Standard Board), using standards of GASB 34 & 35
 FASB (Financial Accounting Standard 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-Bloomington (151351)
User ID: 88G2401

Finance - Public institutions
General Information
Finance - Public Institutions
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, 2007.)
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.)
    UnqualifiedQualifiedDon't know               
3. 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. 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 caveats box below)               
5. Does this institution or any of its foundations or other affiliated organizations own endowment assets ?
    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
Caveats:
Institution: Indiana University-Bloomington (151351)
User ID: 88G2401

Part A - Statement of Net Assets
Fiscal Year 2007
 Report in whole dollars only
 
Line no. Current year amountPrior year amount
 Current Assets  
01Total Current Assets 338,007,176
 
 Noncurrent Assets  
02Capital assets - depreciable (gross) 1,582,586,121
03Accumulated depreciation (enter as a positive amount) 743,261,318
04Other noncurrent assets (CV)
CV=[A05-(A02-A03)]		938,423,945 536,146,137
05Total noncurrent assets 1,375,470,940
 
06Total assets (CV)
CV=(A01+A05)		1,899,370,639 1,713,478,116
 
 Current Liabilities  
07Long-term debt, current portion 13,412,235
08Other current liabilities (CV)
CV=(A09-A07)		321,135,276 331,282,985
09Total current liabilities 344,695,220
 
 Noncurrent Liabilities  
10Long-term debt 179,548,502
11Other noncurrent liabilities (CV)
CV=(A12-A10)		37,066,900 21,631,567
12Total noncurrent liabilities 201,180,069
 
13Total liabilities (CV)
CV=(A09+A12)		621,871,329 545,875,289
 
 Net Assets  
14Invested in capital assets, net of related debt 675,109,462
15Restricted-expendable 58,978,618
16Restricted-nonexpendable 44,929,351
17Unrestricted (CV)
CV=[A18-(A14+A15+A16)]		451,104,219 388,585,396
18Total Net assets (CV)
CV=(A06-A13)		1,277,499,310 1,167,602,827
 
 
CV= Calculated Value
 
CAVEATS
 
Institution: Indiana University-Bloomington (151351)
User ID: 88G2401

Part A - Plant, Property, and Equipment
Fiscal Year 2007
 Report in whole dollars only    
 
Line No.DescriptionBeginning
balance		AdditionsRetirements
(CV)		Ending balance
 Plant, Property, and Equipment    
 
21Land & land improvements0
22Infrastructure0
23Buildings7,179,000
24Equipment32,806,654
25Art and library collections8,591,423
26Property obtained under capital leases
(if not included in equipment)		0
27Construction in progress65,544
28Accumulated depreciation34,643,829
 
 CV = (Beginning Balance + Additions - Ending Balance)  
 
CAVEATS
 
Institution: Indiana University-Bloomington (151351)
User ID: 88G2401

Part B - Revenues and Other Additions
Fiscal Year 2007
 Report in whole dollars only  
 
Line No.Source of FundsCurrent year amountPrior year amount
 Operating Revenues  
01Tuition & fees, after deducting discounts & allowances364,242,335
 Grants and contracts - operating  
02Federal operating grants and contracts111,506,448
03State operating grants and contracts7,595,372
04Local/private operating grants and contracts34,479,708
05Sales & services of auxiliary enterprises,
after deducting discounts & allowances		160,026,512
06Sales & services of hospitals,
after deducting patient contractual allowances		0
07Independent operations0
08Other sources - operating (CV)
CV=[B09-(B01+ ....+B07)]		60,010,65743,878,239
09Total operating revenues721,728,614
 
 
Institution: Indiana University-Bloomington (151351)
User ID: 88G2401

Part B - Revenues and Other Additions
Fiscal Year 2007
 Report in whole dollars only   
 
Line No.Source of fundsCurrent year amountPrior year amount
 Nonoperating Revenues  
10Federal appropriations0
11State appropriations223,602,914
12Local appropriations, education district taxes, & similar support0
 Grants-nonoperating  
13Federal nonoperating grants0
14State nonoperating grants0
15Local nonoperating grants0
16Gifts, including contributions from affiliated organizations32,827,953
17Investment income33,503,902
18Other nonoperating revenues (CV)
CV=[B19-(B10+...+B17)]		24,474,50336,418,149
19Total nonoperating revenues326,352,918
 
 
Institution: Indiana University-Bloomington (151351)
User ID: 88G2401

Part B - Revenues and Other Additions
Fiscal Year 2007
 Report in whole dollars only  
 
Line No.Resource of fundsCurrent year amountPrior year amount
 Other Revenues and Additions  
20Capital appropriations2,471,318
21Capital grants & gifts8,431,436
22Additions to permanent endowments41,328
23Other revenues & additions (CV)
CV=[B24-(B20+...+B22)]		00
24Total other revenues and additions10,944,082
 
25Total all revenues and other additions (CV)
CV=(B09+B19+B24)		1,199,875,4991,059,025,614
 
CV = Calculated Value
 
CAVEATS
 
Institution: Indiana University-Bloomington (151351)
User ID: 88G2401

Part C - Expenses and Other Deductions
Fiscal Year 2007
 Report in whole
dollars only                              		     
  12345
Line No.DescriptionCurrent year totalSalaries & wagesEmployee fringe benefitsDepreciationAll other                    
 Operating Expenses 
01Instruction48,643,042
02Research22,520,181
03Public service29,860,389
05Academic support10,867,824
06Student services8,372,596
07Institutional support29,092,271
08Operation & maintenance
of plant		38,167,422
09Depreciation  59,370,106
10Scholarships and fellowships
expenses, excluding discounts & allowances (do not include work study here)		 56,394,057
11Auxiliary enterprises77,100,494
12Hospital services0
13Independent operations0
14Other expenses
& deductions (CV)
CV=[C15-(C01+...+C13)]		5,604,5585,185,189419,36900
15Total operating expenses321,018,276
 Prior year amount969,891,207488,577,993164,833,94758,074,617258,404,650
 
 
Institution: Indiana University-Bloomington (151351)
User ID: 88G2401

Part C - Expenses and Other Deductions
Fiscal Year 2007
 Report in whole dollars only                                   
  12345
Line No.DescriptionCurrent year totalSalaries & wagesEmployee fringe benefitsDepreciationAll other                    
 Nonoperating Expenses and Deductions     
16Interest   11,214,448
17Other nonoperating expenses & deductions (CV)
CV=(C18-C16)		10001
18Total nonoperating
expenses & deductions (CV)
CV=(C19-C15)		11,214,44900011,214,449
 
19Total expenses & deductions332,232,725
 Prior year amount979,719,849488,577,993164,833,94758,074,617268,233,292
 
CV = Calculated Value
 
CAVEATS
 
Institution: Indiana University-Bloomington (151351)
User ID: 88G2401

Part D - Summary of Changes In Net Assets
Fiscal Year 2007
 
Line No.DescriptionCurrent year amountPrior year amount
01Total revenues & other additions (from B25)1,199,875,4991,059,025,614
 
02Total expenses & deductions (from C19)1,089,979,017979,719,849
 
03Increase in net assets during year (CV)
CV=(D01-D02)		109,896,48279,305,765
04Net assets beginning of year1,088,297,061
05Adjustments to beginning net assets (CV)
CV=[D06-(D03+D04)]		21
06Net assets end of year (from A18)1,277,499,3101,167,602,827
 
CV = Calculated Value
 
CAVEATS
 
Institution: Indiana University-Bloomington (151351)
User ID: 88G2401

Part E - Scholarships and Fellowships
Part E - Scholarships and Fellowships
Fiscal Year 2007
 Report in whole dollars only  
 
Line No.SourceCurrent year amountPrior year amount
 Institutional Expenses and Discounts & Allowances  
 Gross Scholarships and Fellowships (no loans included)  
01Pell grants (federal)12,028,001
02Other federal grants1,264,557
03Grants by state government17,582,704
04Grants by local government0
05Institutional grants from restricted resources23,103,556
06Institutional grants from unrestricted resources (CV)
CV=[E07-(E01+...+E05)]		93,136,41429,174,045
07Total gross scholarships and fellowships 83,152,863
 
 Discounts and Allowances  
08Discounts & allowances applied to tuition & fees52,715,259
09Discounts & allowances applied to sales & services of
auxiliary enterprises (CV)
CV= (E10-E08)		12,244,6026,922,874
10Total Discounts & Allowances (CV)
CV=(E07-E11)		72,587,25459,638,133
 
11Net scholarships and fellowships expenses after deducting
discount & allowances (from C10)		56,394,05723,514,730
 
CV = Calculated Value
 
CAVEATS
 
Institution: Indiana University-Bloomington (151351)
User ID: 88G2401

Part F - Component Unit That Uses FASB Standards
Part F - GASB Component Unit that uses FASB Standards
Fiscal Year 2007
  
 
Names of entities included:
Primary nature (purpose) of unit(s)
 
 Report in whole dollars only
 
Line No.  Current year amount
Statement of Financial Position
 
01Long-term investments 
02Other assets (CV)
CV=(F03-F01)		 502,385,947
03Total Assets 
 
04Total liabilities (CV)
CV=(F03-F08)		 495,764,532
 
 Net Assets  
05Temporarily restricted 
06Permanently restricted 
07Unrestricted (CV)
CV=[F08-(F05+F06)]		 61,752,290
08Total net assets 
 
 
Institution: Indiana University-Bloomington (151351)
User ID: 88G2401

Part F - Component Unit That Uses FASB Standards
Part F - GASB Component Unit that uses FASB Standards
Fiscal Year 2007
 
 Report in whole dollars only
 
Line No.  Current year amount
Statement of Activities
 
09Investment return 
10Other revenues, gains, & other support (CV)
CV=(F11-F09)		 215,864,863
11Total revenues, gains, & other support 
 
12Total expenses 
12aExpenses paid to institution (included in F12) 
13Total losses (CV)
CV=(F14-F12)		 0
14Total expenses and losses (CV)
CV=(F11-F15)		 118,749,371
 
15Change in net assets 
 
16Net assets -- beginning of year 
17Adjustments to beginning net assets(CV)
CV=[F18-(F15+F16)]		 0
18Net assets -- end of year (from F08) 1,632,555,697
 
 
CV = Calculated value  
 
CAVEATS
 
Institution: Indiana University-Bloomington (151351)
User ID: 88G2401

Part H - Details of Endowment Assets
Fiscal Year 2007
Report in whole dollars only
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  132,649,748
02Value of endowment assets at the end of the fiscal year  144,505,952
Institution: Indiana University-Bloomington (151351)
User ID: 88G2401

Part J - Revenue Data for Bureau of Census
Part J - Revenues (Census Bureau)
Fiscal Year 2007
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 fees486,583,216486,583,216   
02Sales and services204,975,089183,986,5690
03Federal grants/contracts (excludes Pell Grants)117,989,835
 Revenue from the state government:
04State appropriations, current & capital230,945,954
05State grants and contracts9,515,343
 Revenue from local governments:
06Local appropriation, current & capital0
07Local government grants/contracts3,348,859
08Receipts from property and non-property taxes 
09Gifts and private grants, including capital grants 
10Interest earnings 
11Dividend earnings 
12Realized capital gains 
 
CAVEATS
 
Institution: Indiana University-Bloomington (151351)
User ID: 88G2401

Part K - Expenditure Data for Bureau of Census
Part K - Expenditures
Fiscal Year 2007
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 wages526,079,60665,726,081
02Employee benefits, total172,296,58017,964,275
03Payment to state retirement funds (maybe included in line 02 above)8,616,203
04Current expenditures other than salaries314,215,273
 Capital outlay: 
05Construction46,060,161
06Equipment purchases28,467,435
07Land purchases22,463,832
08Interest on debt outstanding, all funds & activities 
09Scholarships/fellowships128,981,311128,981,311 
 
CAVEATS
 
Institution: Indiana University-Bloomington (151351)
User ID: 88G2401

Part L - Debt and Assets, page 1
Part L - Debt and Assets
Fiscal Year 2007
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
 
CAVEATS
 
Institution: Indiana University-Bloomington (151351)
User ID: 88G2401

Part L - Debt and Assets, page 2
Part L - Debt and Assets (page 2)
Fiscal Year 2007
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
 
CAVEATS
 
Institution:  Indiana University-Bloomington (151351) User ID:  88G2401
Explanation Report
Number Source Location Description Severity Accepted
Screen: Scholarships & Fellowships
1 Row 13
Column 3 		Screen Entry The number entered, 128981311, has an expected range of between 41576432 and 124729294 based on last year's amount. Please explain this difference. Explanation Yes
Reason: Change in allocation method across the seven IU campuses lead to an increase allocation to the BL total gross scholarship and fellowships amount.