Finance 2005-06

Institution: Indiana University-Northwest (151360)	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-Northwest (151360)	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-Northwest (151360)	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  20,509,718  24,310,765         Noncurrent Assets          02   Capital assets - depreciable (gross)  90,507,425  70,415,955   03   Accumulated depreciation (enter as a positive amount)  32,416,155  32,123,301   04   Other noncurrent assets (CV) CV=[A05-(A02-A03)]  2,203,064  18,345,339   05   Total noncurrent assets  60,294,334  56,637,993      06   Total assets (CV) CV=(A01+A05)  80,804,052  80,948,758         Current Liabilities          07   Long-term debt, current portion  2,492,176  3,495,115   08   Other current liabilities (CV) CV=(A09-A07)  4,777,899  4,855,751   09   Total current liabilities  7,270,075  8,350,866         Noncurrent Liabilities          10   Long-term debt  34,111,657  36,409,186   11   Other noncurrent liabilities (CV) CV=(A12-A10)  1,726,332  155,326   12   Total noncurrent liabilities  35,837,989  36,564,512      13   Total liabilities (CV) CV=(A09+A12)  43,108,064  44,915,378         Net Assets          14   Invested in capital assets, net of related debt  27,601,700  26,507,574   15   Restricted-expendable  2,316,692  2,334,958   16   Restricted-nonexpendable  31,456  30,387   17   Unrestricted (CV) CV=[A18-(A14+A15+A16)]  7,746,140  7,160,461   18   Total Net assets (CV) CV=(A06-A13)  37,695,988  36,033,380         CV= Calculated Value      CAVEATS

Institution: Indiana University-Northwest (151360)	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  1,912,397    0  1,912,397   22   Infrastructure  2,536,448    0  2,536,448   23   Buildings  60,861,327  278,438  2,432,582  58,707,183   24   Equipment  2,959,167  127,097  85,951  3,000,313   25   Art and library collections  3,916,256  402,284  358,997  3,959,543   26   Property obtained under capital leases (if not included in equipment)  0    0     27   Construction in progress  15,633,541  4,757,999  0  20,391,540   28   Accumulated depreciation  32,123,301  2,145,052  1,852,198  32,416,155         CV = (Beginning Balance + Additions - Ending Balance)            CAVEATS

Institution: Indiana University-Northwest (151360)	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  17,370,344  14,457,479      Grants and contracts - operating         02   Federal operating grants and contracts  4,799,182  4,626,118   03   State operating grants and contracts  332,208  321,347   04   Local/private operating grants and contracts  378,807  879,579   05   Sales & services of auxiliary enterprises, after deducting discounts & allowances  2,856,558  2,967,685   06   Sales & services of hospitals, after deducting patient contractual allowances    0   07   Independent operations    0   08   Other sources - operating (CV) CV=[B09-(B01+ ....+B07)]  1,324,807  1,020,411   09   Total operating revenues  27,061,906  24,272,619

Institution: Indiana University-Northwest (151360)	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  20,612,906  20,388,438   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  545,482  467,104   17   Investment income  146,934  108,072   18   Other nonoperating revenues (CV) CV=[B19-(B10+...+B17)]  0  1,064,962   19   Total nonoperating revenues  21,305,322  22,028,576

Institution: Indiana University-Northwest (151360)	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    20,190   21   Capital grants & gifts  185,022  0   22   Additions to permanent endowments    0   23   Other revenues & additions (CV) CV=[B24-(B20+...+B22)]  0  0   24   Total other revenues and additions  185,022  20,190      25   Total all revenues and other additions (CV) CV=(B09+B19+B24)  48,552,250  46,321,385      CV = Calculated Value      CAVEATS

Institution: Indiana University-Northwest (151360)	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  18,373,470  12,910,558  4,038,269    1,424,643   02   Research  110,044  56,519  4,009    49,516   03   Public service  1,433,999  789,201  182,920    461,878   05   Academic support  3,414,084  1,999,519  559,547    855,018   06   Student services  2,570,632  1,465,741  425,112    679,779   07   Institutional support  5,300,305  2,285,314  725,411    2,289,580   08   Operation & maintenance of plant  4,235,800  1,480,430  403,244    2,352,126   09   Depreciation  2,145,052        2,145,052     10   Scholarships and fellowships expenses, excluding discounts & allowances (do not include work study here)  4,832,428     4,832,428   11   Auxiliary enterprises  2,656,270  222,396  59,955    2,373,919   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  45,072,084  21,209,678  6,398,467  2,145,052  15,318,887       Prior year amount  37,690,054  20,840,912  6,388,187  2,115,217  8,345,738

Institution: Indiana University-Northwest (151360)	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  1,440,117           1,440,117   17   Other nonoperating expenses & deductions (CV) CV=(C18-C16)  377,441  0  0  0  377,441   18   Total nonoperating expenses & deductions (CV) CV=(C19-C15)  1,817,558  0  0  0  1,817,558      19   Total expenses & deductions  46,889,642  21,209,678  6,398,467  2,145,052  17,136,445       Prior year amount  38,787,286  20,840,912  6,388,187  2,115,217  9,442,970      CV = Calculated Value      CAVEATS

Institution: Indiana University-Northwest (151360)	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)  48,552,250  46,321,385      02   Total expenses & deductions (from C19)  46,889,642  38,787,286      03   Increase in net assets during year (CV) CV=(D01-D02)  1,662,608  7,534,099   04   Net assets beginning of year  36,033,381  31,077,281   05   Adjustments to beginning net assets (CV) CV=[D06-(D03+D04)]  -1  -2,578,000   06   Net assets end of year (from A18)  37,695,988  36,033,380      CV = Calculated Value      CAVEATS

Institution: Indiana University-Northwest (151360)	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)  3,966,531  3,722,596   02   Other federal grants  143,050  165,850   03   Grants by state government  2,301,878  0   04   Grants by local government    0   05   Institutional grants from restricted resources  624,234  404,918   06   Institutional grants from unrestricted resources (CV) CV=[E07-(E01+...+E05)]  101,619  343,339   07   Total gross scholarships and fellowships  7,137,312  4,636,703         Discounts and Allowances         08   Discounts & allowances applied to tuition & fees  2,037,939  2,058,705   09   Discounts & allowances applied to sales & services of auxiliary enterprises (CV) CV= (E10-E08)  266,945  116,993   10   Total Discounts & Allowances (CV) CV=(E07-E11)  2,304,884  2,175,698      11   Net scholarships and fellowships expenses after deducting discount & allowances (from C10)  4,832,428  2,461,005      CV = Calculated Value      CAVEATS

Institution: Indiana University-Northwest (151360)	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  159,362  135,923   02   Value of endowment assets at the end of the fiscal year  170,906  159,362

Institution: Indiana University-Northwest (151360)	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  19,408,283  19,408,283            02   Sales and services      3,123,503       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-Northwest (151360)	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      222,396       02   Employee benefits, total      59,955       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  7,137,312  7,137,312          CAVEATS

Institution: Indiana University-Northwest (151360)	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  0   02   Long-term debt issued during fiscal year  0   03   Long-term debt retired during fiscal year  0   04   Long-term debt outstanding at end of fiscal year  0   05   Short-term debt outstanding at beginning of fiscal year  0   06   Short-term debt outstanding at end of fiscal year  0      CAVEATS

Institution: Indiana University-Northwest (151360)	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-Northwest (151360)	User ID: 88G2401
Explanation Report
Number Source Location Description Severity Accepted Screen: Scholarships & Fellowships 1 Screen Entry Row 13 Column 3 The number entered, 7137312, has an expected range of between 2318352 and 6955054 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.