Finance 2009-10
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 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.
Institution: Indiana University-Kokomo (151333)
User ID: 88G2401

Finance - Public institutions
Form Version
Finance - Public Institutions
The survey for GASB has been realigned to improve commonality and comparability of the finance data, however reporting in the new format is OPTIONAL for Fiscal Year 2008-09. 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 2008-09)
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 (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 (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.)
    UnqualifiedQualified
(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
 Governmental Activities with Business-Type 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 enterprises               
    Student services               
    Does not participate in intercollegiate athletics               
    Other (specify in box below)               
5. Endowment Assets
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
You may use the space below to provide context for the data you've reported above.
Institution: Indiana University-Kokomo (151333)
User ID: 88G2401

Part A - Statement of Net Assets
Fiscal Year 2009
 
Line no.DescriptionCurrent year amountPrior year amount
 Current Assets  
01Total current assets 8,535,554
 
 Noncurrent Assets  
02Capital assets - depreciable (gross) 55,286,058
03Accumulated depreciation 21,167,986
31Capital assets, net of depreciation
CV=(A02-A03)		35,147,956 34,118,072
04Other noncurrent assets
CV=[A05-(A02-A03)]		1,202,402 3,061,092
05Total noncurrent assets 37,179,164
 
06Total assets
CV=(A01+A05)		44,720,430 45,714,718
 
 Current Liabilities  
07Long-term debt, current portion 1,570,402
08Other current liabilities
CV=(A09-A07)		1,993,418 1,562,072
09Total current liabilities 3,132,474
 
 Noncurrent Liabilities  
10Long-term debt 16,448,805
11Other noncurrent liabilities
CV=(A12-A10)		1,887,521 755,532
12Total noncurrent liabilities 17,204,337
 
13Total liabilities
CV=(A09+A12)		20,329,145 20,336,811
 
 Net Assets  
14Invested in capital assets, net of related debt 17,804,591
15Restricted-expendable 2,453,255
16Restricted-nonexpendable 722,153
17Unrestricted
CV=[A18-(A14+A15+A16)]		3,450,119 4,397,908
18Total net assets
CV=(A06-A13)		24,391,285 25,377,907
 
You may use the space below to provide context for the data you've reported above.
 
Institution: Indiana University-Kokomo (151333)
User ID: 88G2401

Part A - Plant, Property, and Equipment
Fiscal Year 2009
 
Line No.DescriptionBeginning
balance		AdditionsRetirementsEnding balance
 Plant, Property, and Equipment    
 
21Land & land improvements0
22Infrastructure0
23Buildings0
24Equipment27,993
25Art and library collections377,775
26Property obtained under capital leases
(if not included in equipment)		0
27Construction in progress784
Total for Plant, Property and Equipment
CV = (A21+ .. A27)		56,842,9431,305,067406,55257,741,458
28Accumulated depreciation402,670
 
 
You may use the space below to provide context for the data you've reported above.
 
Institution: Indiana University-Kokomo (151333)
User ID: 88G2401

Part B - Revenues and Other Additions
Fiscal Year 2009
 
Line No.Source of FundsCurrent year amountPrior year amount
 Operating Revenues  
01Tuition & fees, after deducting discounts & allowances8,772,252
 Grants and contracts - operating  
02Federal operating grants and contracts3,365,702
03State operating grants and contracts34,912
04Local government/private operating grants and contracts95,599
05Sales & services of auxiliary enterprises,
after deducting discounts & allowances		858,184
06Sales & services of hospitals,
after deducting patient contractual allowances		0
07Independent operations0
08Other sources - operating
CV=[B09-(B01+ ....+B07)]		897,543755,618
09Total operating revenues13,882,267
 
 
Institution: Indiana University-Kokomo (151333)
User ID: 88G2401

Part B - Revenues and Other Additions
Fiscal Year 2009
 
Line No.Source of fundsCurrent year amountPrior year amount
 Nonoperating Revenues  
10Federal appropriations0
11State appropriations12,744,928
12Local appropriations, education district taxes, & similar support0
 Grants-nonoperating  
13Federal nonoperating grants2,096,349
14State nonoperating grants0
15Local government nonoperating grants0
16Gifts, including contributions from affiliated organizations261,677
17Investment income 74,497
18Other nonoperating revenues
CV=[B19-(B10+...+B17)]		00
19Total nonoperating revenues15,177,451
 
 
Institution: Indiana University-Kokomo (151333)
User ID: 88G2401

Part B - Revenues and Other Additions
Fiscal Year 2009
 
Line No.Source of fundsCurrent year amountPrior year amount
 Other Revenues and Additions  
20Capital appropriations285,380
21Capital grants & gifts278
22Additions to permanent endowments 12,000
23Other revenues & additions
CV=[B24-(B20+...+B22)]		00
24Total other revenues and additions 297,658
 
25Total all revenues and other additions
CV=(B09+B19+B24)		26,689,72429,357,376
 
You may use the space below to provide context for the data you've reported above.
 
Institution: Indiana University-Kokomo (151333)
User ID: 88G2401

Part C - Expenses and Other Deductions
Fiscal Year 2009
  12345
Line No.DescriptionCurrent year totalSalaries & wagesEmployee fringe benefitsDepreciationAll other                    
 Operating Expenses 
01Instruction451,386
02Research0
03Public service393,654
05Academic support611,496
06Student services361,178
07Institutional support405,586
08Operation & maintenance
of plant		1,767,709
09Depreciation  1,853,6310
10Scholarships and fellowships
expenses, excluding discounts & allowances		 1,369,817
11Auxiliary enterprises231,555
12Hospital services0
13Independent operations0
14Other expenses
& deductions
CV=[C15-(C01+...+C13)]		63,00263,001100
15Total operating expenses5,592,381
 Prior year amount24,284,48012,105,5284,021,1301,805,9436,351,879
 
 
Institution: Indiana University-Kokomo (151333)
User ID: 88G2401

Part C - Expenses and Other Deductions
Fiscal Year 2009
  12345
Line No.DescriptionCurrent year totalSalaries & wagesEmployee fringe benefitsDepreciationAll other                    
 Nonoperating Expenses and Deductions     
16Interest   921,752
17Other nonoperating expenses & deductions (CV)
CV=(C18-C16)		1,245,2820001,245,282
18Total nonoperating
expenses & deductions (CV)
CV=(C19-C15)		2,167,0340002,167,034
 
19Total expenses & deductions7,759,415
 Prior year amount26,157,80912,105,5294,021,1301,805,9438,225,207
 
You may use the space below to provide context for the data you've reported above.
 
Institution: Indiana University-Kokomo (151333)
User ID: 88G2401

Part D - Summary of Changes In Net Assets
Fiscal Year 2009
 
Line No.DescriptionCurrent year amountPrior year amount
01Total revenues & other additions (from B25)26,689,72429,357,376
 
02Total expenses & deductions (from C19)26,022,58626,157,809
 
03Change in net assets during year
CV=(D01-D02)		667,1383,199,567
04Net assets beginning of year24,274,689
05Adjustments to beginning net assets
CV=[D06-(D03+D04)]		8,489-2,096,349
06Net assets end of year (from A18)24,391,28525,377,907
 
You may use the space below to provide context for the data you've reported above.
 
Institution: Indiana University-Kokomo (151333)
User ID: 88G2401

Part E - Scholarships and Fellowships
Fiscal Year 2009
   
Line No.SourceCurrent year amountPrior year amount
01Pell grants (federal)2,014,005
02Other federal grants160,663
03Grants by state government0
04Grants by local government0
05Institutional grants from restricted resources135,633
06Institutional grants from unrestricted resources
CV=[E07-(E01+...+E05)]		233,308297,651
07Total gross scholarships and fellowships2,607,952
 
 Discounts and Allowances  
08Discounts & allowances applied to tuition & fees1,310,587
09Discounts & allowances applied to sales & services of
auxiliary enterprises
CV= (E10-E08)		00
10Total discounts & allowances
CV=(E07-E11)		1,389,7411,310,587
 
11Net scholarships and fellowships expenses after deducting
discount & allowances (from C10)		1,369,8171,297,365
 
You may use the space below to provide context for the data you've reported above.
 
Institution: Indiana University-Kokomo (151333)
User ID: 88G2401

Part H - Details of Endowment Assets
Fiscal Year 2009
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  7,043,307
02Value of endowment assets at the end of the fiscal year  7,022,233
Institution: Indiana University-Kokomo (151333)
User ID: 88G2401

Part J - Revenue Data for Bureau of Census
Fiscal Year 2009
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 fees10,297,53310,297,533   
02Sales and services868,291635,6550
03Federal grants/contracts (excludes Pell Grants)592,986
 Revenue from the state government:
04State appropriations, current & capital12,998,192
05State grants and contracts56,380
 Revenue from local governments:
06Local appropriation, current & capital0
07Local government grants/contracts4,179
08Receipts from property and non-property taxes 
09Gifts and private grants, including capital grants 
10Interest earnings 
11Dividend earnings 
12Realized capital gains 
 
You may use the space below to provide context for the data you've reported above.
 
Institution: Indiana University-Kokomo (151333)
User ID: 88G2401

Part K - Expenditure Data for Bureau of Census
Fiscal Year 2009
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 wages12,222,33736,0230
02Employee benefits, total4,187,20211,2720
03Payment to state retirement funds (maybe included in line 02 above)205,986
04Current expenditures other than salaries5,929,081
 Capital outlay: 
05Construction0
06Equipment purchases33,827
07Land purchases1,027,491
08Interest on debt outstanding, all funds & activities 
09Scholarships/fellowships2,759,5582,759,558 
 
You may use the space below to provide context for the data you've reported above.
 
Institution: Indiana University-Kokomo (151333)
User ID: 88G2401

Part L - Debt and Assets, page 1
Fiscal Year 2009
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
 
You may use the space below to provide context for the data you've reported above.
 
Institution: Indiana University-Kokomo (151333)
User ID: 88G2401

Part L - Debt and Assets, page 2
Fiscal Year 2009
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
 
You may use the space below to provide context for the data you've reported above.
 
Institution:  Indiana University-Kokomo (151333) User ID:  88G2401
Explanation Report
Number Source Location Description Severity Accepted
Global Edits
1 Perform Edits This number should be greater than zero. Please explain. Explanation Yes
Reason: Line 17 - Investment income is listed as negative due to unrealized investment losses during the fiscal year.
Screen: Part 3
2 Row 33
Column 3 		Screen Entry This number should be greater than zero. Please explain. Explanation Yes
Reason: Line 22 there were no contributions that resulted in additions to permanent endowments.
3 Row 35
Column 3 		Screen Entry This number should be greater than zero. Please explain. Explanation Yes
Reason: Line 24 there are no "Other Revenues" to report for this regional campus.