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Finance 2006-07

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, 2006.)
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.)
	Unqualified	Qualified	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.
		Number of component unit columns on GPFS using FASB standards
		Number of component unit columns on GPFS using GASB standards

Caveats:

Institution: Indiana University-Northwest (151360)

User ID: 88G2401

Part A - Statement of Net Assets

Fiscal Year 2006
	Report in whole dollars only

Line no.		Current year amount	Prior year amount
	Current Assets
01	Total Current Assets		20,509,718

	Noncurrent Assets
02	Capital assets - depreciable (gross)		90,507,425
03	Accumulated depreciation (enter as a positive amount)		32,416,155
04	Other noncurrent assets (CV) CV=[A05-(A02-A03)]	1,704,384	2,203,064
05	Total noncurrent assets		60,294,334

06	Total assets (CV) CV=(A01+A05)	78,824,815	80,804,052

	Current Liabilities
07	Long-term debt, current portion		2,492,176
08	Other current liabilities (CV) CV=(A09-A07)	5,430,910	4,777,899
09	Total current liabilities		7,270,075

	Noncurrent Liabilities
10	Long-term debt		34,111,657
11	Other noncurrent liabilities (CV) CV=(A12-A10)	1,668,036	1,726,332
12	Total noncurrent liabilities		35,837,989

13	Total liabilities (CV) CV=(A09+A12)	41,374,553	43,108,064

	Net Assets
14	Invested in capital assets, net of related debt		27,601,700
15	Restricted-expendable		2,316,692
16	Restricted-nonexpendable		31,456
17	Unrestricted (CV) CV=[A18-(A14+A15+A16)]	6,641,317	7,746,140
18	Total Net assets (CV) CV=(A06-A13)	37,450,262	37,695,988


CV= Calculated Value


CAVEATS

Institution: Indiana University-Northwest (151360)

User ID: 88G2401

Part A - Plant, Property, and Equipment

Fiscal Year 2006
	Report in whole dollars only

Line No.	Description	Beginning balance	Additions	Retirements (CV)	Ending balance
	Plant,Property, and Equipment

21	Land & land improvements			0
22	Infrastructure			0
23	Buildings			150,302
24	Equipment			28,010
25	Art and library collections			0
26	Property obtained under capital leases (if not included in equipment)			0
27	Construction in progress			20,181,228
28	Accumulated depreciation			53,252

	CV = (Beginning Balance + Additions - Ending Balance)


CAVEATS

Institution: Indiana University-Northwest (151360)

User ID: 88G2401

Part B - Revenues and Other Additions

Fiscal Year 2006
	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
	Grants and contracts - operating
02	Federal operating grants and contracts		4,799,182
03	State operating grants and contracts		332,208
04	Local/private operating grants and contracts		378,807
05	Sales & services of auxiliary enterprises, after deducting discounts & allowances		2,856,558
06	Sales & services of hospitals, after deducting patient contractual allowances		0
07	Independent operations		0
08	Other sources - operating (CV) CV=[B09-(B01+ ....+B07)]	1,681,012	1,324,807
09	Total operating revenues		27,061,906

Institution: Indiana University-Northwest (151360)

User ID: 88G2401

Part B - Revenues and Other Additions

Fiscal Year 2006
	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
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
17	Investment income		146,934
18	Other nonoperating revenues (CV) CV=[B19-(B10+...+B17)]	0	0
19	Total nonoperating revenues		21,305,322

Institution: Indiana University-Northwest (151360)

User ID: 88G2401

Part B - Revenues and Other Additions

Fiscal Year 2006
	Report in whole dollars only

Line No.	Resource of funds	Current year amount	Prior year amount
	Other Revenues and Additions
20	Capital appropriations		0
21	Capital grants & gifts		185,022
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

25	Total all revenues and other additions (CV) CV=(B09+B19+B24)	50,574,601	48,552,250

CV = Calculated Value


CAVEATS

Institution: Indiana University-Northwest (151360)

User ID: 88G2401

Part C - Expenses and Other Deductions

Fiscal Year 2006
	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					1,207,087
02	Research					48,765
03	Public service					467,613
05	Academic support					705,535
06	Student services					639,606
07	Institutional support					3,881,015
08	Operation & maintenance of plant					1,144,166
09	Depreciation				2,476,512
10	Scholarships and fellowships expenses, excluding discounts & allowances (do not include work study here)					5,350,371
11	Auxiliary enterprises					2,225,680
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					15,669,838
	Prior year amount	45,072,084	21,209,678	6,398,467	2,145,052	15,318,887

Institution: Indiana University-Northwest (151360)

User ID: 88G2401

Part C - Expenses and Other Deductions

Fiscal Year 2006
	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					2,611,796
17	Other nonoperating expenses & deductions (CV) CV=(C18-C16)	1,260,932	0	0	0	1,260,932
18	Total nonoperating expenses & deductions (CV) CV=(C19-C15)	3,872,728	0	0	0	3,872,728

19	Total expenses & deductions					19,542,566
	Prior year amount	46,889,642	21,209,678	6,398,467	2,145,052	17,136,445

CV = Calculated Value

CAVEATS

Institution: Indiana University-Northwest (151360)

User ID: 88G2401

Part D - Summary of Changes In Net Assets

Fiscal Year 2006

Line No.	Description	Current year amount	Prior year amount
01	Total revenues & other additions (from B25)	50,574,601	48,552,250

02	Total expenses & deductions (from C19)	50,820,327	46,889,642

03	Increase in net assets during year (CV) CV=(D01-D02)	-245,726	1,662,608
04	Net assets beginning of year		36,033,381
05	Adjustments to beginning net assets (CV) CV=[D06-(D03+D04)]	0	-1
06	Net assets end of year (from A18)	37,450,262	37,695,988

CV = Calculated Value


CAVEATS
NW campus did, in fact, have a decrease in net assets for the fiscal year ending June 30, 2006 of $(245,725.57).

Institution: Indiana University-Northwest (151360)

User ID: 88G2401

Part E - Scholarships and Fellowships

Part E - Scholarships and Fellowships Fiscal Year 2006
	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
02	Other federal grants		143,050
03	Grants by state government		2,301,878
04	Grants by local government		0
05	Institutional grants from restricted resources		624,234
06	Institutional grants from unrestricted resources (CV) CV=[E07-(E01+...+E05)]	517,796	101,619
07	Total gross scholarships and fellowships		7,137,312

	Discounts and Allowances
08	Discounts & allowances applied to tuition & fees		2,037,939
09	Discounts & allowances applied to sales & services of auxiliary enterprises (CV) CV= (E10-E08)	271,640	266,945
10	Total Discounts & Allowances (CV) CV=(E07-E11)	2,340,084	2,304,884

11	Net scholarships and fellowships expenses after deducting discount & allowances (from C10)	5,350,371	4,832,428

CV = Calculated Value


CAVEATS

Institution: Indiana University-Northwest (151360)

User ID: 88G2401

Part H - Details of Endowment Assets

Fiscal Year 2006 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
02	Value of endowment assets at the end of the fiscal year		170,906

Institution: Indiana University-Northwest (151360)

User ID: 88G2401

Part J - Revenue Data for Bureau of Census

Part J - Revenues (Census Bureau) Fiscal Year 2006
Source and type		Amount
Source and type		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	19,718,035	19,718,035
02	Sales and services			3,314,197
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 2006
Category		Amount
Category		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			242,048
02	Employee benefits, total			63,756
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	7,690,455	7,690,455

CAVEATS

Institution: Indiana University-Northwest (151360)

User ID: 88G2401

Part L - Debt and Assets, page 1

Part L - Debt and Assets Fiscal Year 2006
Debt
Category		Amount
01	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


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 2006
Assets
Category		Amount
07	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


CAVEATS

Institution: Indiana University-Northwest (151360)

User ID: 88G2401

Explanation Report

There are no explanations for selected survey and institution