Finance 2005-06

Institution: Indiana University-Kokomo (151333)	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-Kokomo (151333)	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, 2005.)   Beginning: month/year (MMYYYY)   Month:  7   Year:  2004   And ending: month/year (MMYYYY)   Month:  6   Year:  2005   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.)          Yes   No   Don'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.         0   Number of component unit columns on GPFS using FASB standards     0   Number of component unit columns on GPFS using GASB standards   System or Governing Board (please see instructions about reporting System data)   Please select the applicable option below:         This Finance Survey form is for an institution that is NOT part of a system         This Finance Survey form is for an institution that is part of a system      Name of the system is:  Indiana University         This Finance Survey form is for a system (or governing board) office   Caveats:

Institution: Indiana University-Kokomo (151333)	User ID: 88G2401
Part A - Statement of Net Assets
Fiscal Year 2005      Report in whole dollars only      Line no.      Current year amount   Prior year amount      Current Assets          01   Total Current Assets  7,177,490  7,037,328         Noncurrent Assets          02   Capital assets - depreciable (gross)  53,707,317  52,536,564   03   Accumulated depreciation (enter as a positive amount)  17,535,003  16,740,522   04   Other noncurrent assets (CV) CV=[A05-(A02-A03)]  2,082,906  2,551,627   05   Total noncurrent assets  38,255,220  38,347,669      06   Total assets (CV) CV=(A01+A05)  45,432,710  45,384,997         Current Liabilities          07   Long-term debt, current portion  1,629,893  1,708,965   08   Other current liabilities (CV) CV=(A09-A07)  1,660,818  1,677,498   09   Total current liabilities  3,290,711  3,386,463         Noncurrent Liabilities          10   Long-term debt  20,020,496  21,658,572   11   Other noncurrent liabilities (CV) CV=(A12-A10)  514,001  455,665   12   Total noncurrent liabilities  20,534,497  22,114,237      13   Total liabilities (CV) CV=(A09+A12)  23,825,208  25,500,700         Net Assets          14   Invested in capital assets, net of related debt  14,455,231  13,912,286   15   Restricted-expendable  1,156,293  503,649   16   Restricted-nonexpendable  469,198  132,841   17   Unrestricted (CV) CV=[A18-(A14+A15+A16)]  5,526,780  5,335,521   18   Total Net assets (CV) CV=(A06-A13)  21,607,502  19,884,297         CV= Calculated Value      CAVEATS

Institution: Indiana University-Kokomo (151333)	User ID: 88G2401
Part A - Plant, Property, and Equipment
Fiscal Year 2005      Report in whole dollars only                  Line No.   Description   Beginning balance   Additions   Retirements (CV)   Ending balance      Plant,Property, and Equipment                  21   Land & land improvements  1,597,766  201,027  0  1,798,793   22   Infrastructure  2,198,453    0  2,198,453   23   Buildings  44,406,675    804,976  43,601,699   24   Equipment  2,296,026  181,304  267,398  2,209,932   25   Art and library collections  3,724,987  386,420  369,795  3,741,612   26   Property obtained under capital leases (if not included in equipment)  0    0     27   Construction in progress  30,122  126,706  1  156,827   28   Accumulated depreciation  16,740,522  1,733,127  938,646  17,535,003         CV = (Beginning Balance + Additions - Ending Balance)            CAVEATS

Institution: Indiana University-Kokomo (151333)	User ID: 88G2401
Part B - Revenues and Other Additions
Fiscal Year 2005      Report in whole dollars only            Line No.   Source of Funds   Current year amount   Prior year amount      Operating Revenues         01   Tuition & fees, after deducting discounts & allowances  9,210,712  7,574,980      Grants and contracts - operating         02   Federal operating grants and contracts  2,039,574  1,826,326   03   State operating grants and contracts  425,654  319,649   04   Local/private operating grants and contracts  167,869  255,086   05   Sales & services of auxiliary enterprises, after deducting discounts & allowances  1,905,147  1,904,524   06   Sales & services of hospitals, after deducting patient contractual allowances    0   07   Independent operations    0   08   Other sources - operating (CV) CV=[B09-(B01+ ....+B07)]  623,441  642,072   09   Total operating revenues  14,372,397  12,522,637

Institution: Indiana University-Kokomo (151333)	User ID: 88G2401
Part B - Revenues and Other Additions
Fiscal Year 2005      Report in whole dollars only             Line No.   Source of funds   Current year amount   Prior year amount      Nonoperating Revenues         10   Federal appropriations    0   11   State appropriations  12,055,328  11,797,422   12   Local appropriations, education district taxes, & similar support    0      Grants-nonoperating         13   Federal nonoperating grants    0   14   State nonoperating grants    0   15   Local nonoperating grants    0   16   Gifts, including contributions from affiliated organizations  378,275  317,580   17   Investment income  151,358  111,994   18   Other nonoperating revenues (CV) CV=[B19-(B10+...+B17)]  0  -234,278   19   Total nonoperating revenues  12,584,961  11,992,718

Institution: Indiana University-Kokomo (151333)	User ID: 88G2401
Part B - Revenues and Other Additions
Fiscal Year 2005      Report in whole dollars only            Line No.   Resource of funds   Current year amount   Prior year amount      Other Revenues and Additions           20   Capital appropriations    25,228   21   Capital grants & gifts    15,000   22   Additions to permanent endowments  317,909  117,604   23   Other revenues & additions (CV) CV=[B24-(B20+...+B22)]  0  0   24   Total other revenues and additions  317,909  157,832      25   Total all revenues and other additions (CV) CV=(B09+B19+B24)  27,275,267  24,673,187      CV = Calculated Value      CAVEATS

Institution: Indiana University-Kokomo (151333)	User ID: 88G2401
Part C - Expenses and Other Deductions
Fiscal Year 2005      Report in whole dollars only                                                       1   2   3   4   5   Line No.   Description   Current year total   Salaries & wages   Employee fringe benefits   Depreciation   All other                           Operating Expenses      01   Instruction  9,006,685  6,440,458  2,118,941    447,286   02   Research  75,327  24,068  3,398    47,861   03   Public service  670,272  404,287  85,268    180,717   05   Academic support  1,727,181  1,112,800  335,405    278,976   06   Student services  1,405,452  854,631  289,615    261,206   07   Institutional support  3,373,433  1,610,753  508,793    1,253,887   08   Operation & maintenance of plant  2,367,186  914,230  255,063    1,197,893   09   Depreciation  1,733,127        1,733,127     10   Scholarships and fellowships expenses, excluding discounts & allowances (do not include work study here)  2,268,294     2,268,294   11   Auxiliary enterprises  1,555,028  188,450  50,775    1,315,803   12   Hospital services          0   13   Independent operations          0   14   Other expenses & deductions (CV) CV=[C15-(C01+...+C13)]  0  0  0  0  0   15   Total operating expenses  24,181,985  11,549,677  3,647,258  1,733,127  7,251,923       Prior year amount  21,085,009  11,342,431  3,572,846  1,707,875  4,461,857

Institution: Indiana University-Kokomo (151333)	User ID: 88G2401
Part C - Expenses and Other Deductions
Fiscal Year 2005      Report in whole dollars only                                                       1   2   3   4   5   Line No.   Description   Current year total   Salaries & wages   Employee fringe benefits   Depreciation   All other                           Nonoperating Expenses and Deductions                  16   Interest  746,085           746,085   17   Other nonoperating expenses & deductions (CV) CV=(C18-C16)  623,991  0  0  0  623,991   18   Total nonoperating expenses & deductions (CV) CV=(C19-C15)  1,370,076  0  0  0  1,370,076      19   Total expenses & deductions  25,552,061  11,549,677  3,647,258  1,733,127  8,621,999       Prior year amount  22,271,818  11,342,431  3,572,846  1,707,875  5,648,666      CV = Calculated Value      CAVEATS

Institution: Indiana University-Kokomo (151333)	User ID: 88G2401
Part D - Summary of Changes In Net Assets
Fiscal Year 2005      Line No.   Description   Current year amount   Prior year amount   01   Total revenues & other additions (from B25)  27,275,267  24,673,187      02   Total expenses & deductions (from C19)  25,552,061  22,271,818      03   Increase in net assets during year (CV) CV=(D01-D02)  1,723,206  2,401,369   04   Net assets beginning of year  19,884,297  18,728,599   05   Adjustments to beginning net assets (CV) CV=[D06-(D03+D04)]  -1  -1,245,671   06   Net assets end of year (from A18)  21,607,502  19,884,297      CV = Calculated Value      CAVEATS

Institution: Indiana University-Kokomo (151333)	User ID: 88G2401
Part E - Scholarships and Fellowships
Part E - Scholarships and Fellowships Fiscal Year 2005      Report in whole dollars only            Line No.   Source   Current year amount   Prior year amount      Institutional Expenses and Discounts & Allowances            Gross Scholarships and Fellowships (no loans included)         01   Pell grants (federal)  1,898,533  1,763,578   02   Other federal grants  63,853  52,688   03   Grants by state government  1,294,229  0   04   Grants by local government    0   05   Institutional grants from restricted resources  219,824  195,113   06   Institutional grants from unrestricted resources (CV) CV=[E07-(E01+...+E05)]  14,032  229,046   07   Total gross scholarships and fellowships  3,490,471  2,240,425         Discounts and Allowances         08   Discounts & allowances applied to tuition & fees  1,080,627  994,753   09   Discounts & allowances applied to sales & services of auxiliary enterprises (CV) CV= (E10-E08)  141,550  58,756   10   Total Discounts & Allowances (CV) CV=(E07-E11)  1,222,177  1,053,509      11   Net scholarships and fellowships expenses after deducting discount & allowances (from C10)  2,268,294  1,186,916      CV = Calculated Value      CAVEATS  Allocation of discounts and allowances among campuses is purely arbitrary. To improve consistency, the total discount and allowances is not being allocated across campuses for 2005. Total discounts and allowances is included in the BL campus only.

Institution: Indiana University-Kokomo (151333)	User ID: 88G2401
Part H - Details of Endowment Assets
Fiscal Year 2005 Report in whole dollars only   Line No.   Value of Endowment Assets   Market Value   Prior Year Amounts                  01   Value of endowment assets at the beginning of the fiscal year  423,793  253,631   02   Value of endowment assets at the end of the fiscal year  750,028  423,793

Institution: Indiana University-Kokomo (151333)	User ID: 88G2401
Part J - Revenue Data for Bureau of Census
Part J - Revenues (Census Bureau) Fiscal Year 2005    Source and type   Amount   Total for all funds and operations (includes endowment funds, but excludes component units)   Education and general/independent operations   Auxiliary enterprises    Hospitals    Agriculture extension/experiment services      (1)      (2)   (3)   (4)   (5)   01   Tuition and fees  10,291,339  10,291,339            02   Sales and services      2,046,697       03   Federal grants/contracts (excludes Pell Grants)                Revenue from the state government:   04   State appropriations, current & capital             05   State grants and contracts                Revenue from local governments:   06   Local appropriation, current & capital             07   Local government grants/contracts             08   Receipts from property and non-property taxes         09   Gifts and private grants, including capital grants         10   Interest earnings         11   Dividend earnings         12   Realized capital gains            CAVEATS

Institution: Indiana University-Kokomo (151333)	User ID: 88G2401
Part K - Expenditure Data for Bureau of Census
Part K - Expenditures Fiscal Year 2005   Category   Amount   Total for all funds and operations (includes endowment funds, but excludes component units)   Education and general/ independent operations   Auxiliary enterprises   Hospitals    Agriculture extension/ experiment services      (1)   (2)   (3)   (4)   (5)   01   Salaries and wages      188,450       02   Employee benefits, total      50,775       03   Payment to state retirement funds (maybe included in line 02 above)             04   Current expenditures other than salaries                Capital outlay:      05   Construction             06   Equipment purchases             07   Land purchases             08   Interest on debt outstanding, all funds & activities         09   Scholarships/fellowships  3,490,471  3,490,471          CAVEATS

Institution: Indiana University-Kokomo (151333)	User ID: 88G2401
Part L - Debt and Assets, page 1
Part L - Debt and Assets Fiscal Year 2005    Debt   Category   Amount   01   Long-term debt outstanding at beginning of fiscal year  1,325,972   02   Long-term debt issued during fiscal year     03   Long-term debt retired during fiscal year  112,740   04   Long-term debt outstanding at end of fiscal year  1,213,232   05   Short-term debt outstanding at beginning of fiscal year  60,922   06   Short-term debt outstanding at end of fiscal year  63,623      CAVEATS

Institution: Indiana University-Kokomo (151333)	User ID: 88G2401
Part L - Debt and Assets, page 2
Part L - Debt and Assets (page 2) Fiscal Year 2005   Assets   Category   Amount   07   Total cash and security assets held at end of fiscal year in sinking or debt service funds  0   08   Total cash and security assets held at end of fiscal year in bond funds  0   09   Total cash and security assets held at end of fiscal year in all other funds  0      CAVEATS

Institution: Indiana University-Kokomo (151333)	User ID: 88G2401
Explanation Report
Number Source Location Description Severity Accepted Screen: Scholarships & Fellowships 1 Screen Entry Row 13 Column 3 The number entered, 3490471, has an expected range of between 1120213 and 3360637 based on last year's amount. Please explain this difference. Explanation Yes Reason: Allocation of discounts and allowances among campuses is purely arbitrary. To improve consistency, the total discount and allowances is not being allocated across campuses for 2005. Total discounts and allowances is included in the BL campus only.