Finance 2008-09
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
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 2007-08. 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 2007-08)
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 (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, 2008.)
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 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
You may use the space below to provide context for the data you've reported above.
Institution: Indiana University-Northwest (151360)
User ID: 88G2401

Part A - Statement of Net Assets
Fiscal Year 2008
 Report in whole dollars only
 
Line no. Current year amountPrior year amount
 Current Assets  
01Total Current Assets 13,994,710
 
 Noncurrent Assets  
02Capital assets - depreciable (gross) 95,836,323
03Accumulated depreciation (enter as a positive amount) 36,668,979
31Capital assets Net of depreciation57,497,969 
04Other noncurrent assets (CV)
CV=[A05-(A02-A03)]		3,077,438 2,856,865
05Total noncurrent assets 62,024,209
 
06Total assets (CV)
CV=(A01+A05)		74,905,451 76,018,919
 
 Current Liabilities  
07Long-term debt, current portion 2,491,747
08Other current liabilities (CV)
CV=(A09-A07)		4,541,992 4,642,502
09Total current liabilities 7,134,249
 
 Noncurrent Liabilities  
10Long-term debt 30,938,835
11Other noncurrent liabilities (CV)
CV=(A12-A10)		837,046 824,051
12Total noncurrent liabilities 31,762,886
 
13Total liabilities (CV)
CV=(A09+A12)		36,322,348 38,897,135
 
 Net Assets  
14Invested in capital assets, net of related debt 27,720,653
15Restricted-expendable 3,944,091
16Restricted-nonexpendable 38,392
17Unrestricted (CV)
CV=[A18-(A14+A15+A16)]		6,126,449 5,418,648
18Total Net assets (CV)
CV=(A06-A13)		38,583,103 37,121,784
 
 
CV= Calculated Value
 
You may use the space below to provide context for the data you've reported above.
 
Institution: Indiana University-Northwest (151360)
User ID: 88G2401

Part A - Plant, Property, and Equipment
Fiscal Year 2008
 Report in whole dollars only
 
Line No.DescriptionBeginning
balance		AdditionsRetirements
(CV)		Ending balance
 Plant, Property, and Equipment    
 
21Land & land improvements0
22Infrastructure0
23Buildings0
24Equipment70,793
25Art and library collections371,097
26Property obtained under capital leases
(if not included in equipment)		0
27Construction in progress0
28Accumulated depreciation441,891
 
 CV = (Beginning Balance + Additions - Ending Balance)  
 
You may use the space below to provide context for the data you've reported above.
 
Institution: Indiana University-Northwest (151360)
User ID: 88G2401

Part B - Revenues and Other Additions
Fiscal Year 2008
 Report in whole dollars only  
 
Line No.Source of FundsCurrent year amountPrior year amount
 Operating Revenues  
01Tuition & fees, after deducting discounts & allowances16,558,839
 Grants and contracts - operating  
02Federal operating grants and contracts5,332,252
03State operating grants and contracts241,411
04Local/private operating grants and contracts430,173
05Sales & services of auxiliary enterprises,
after deducting discounts & allowances		3,137,224
06Sales & services of hospitals,
after deducting patient contractual allowances		0
07Independent operations0
08Other sources - operating (CV)
CV=[B09-(B01+ ....+B07)]		1,176,5481,063,299
09Total operating revenues26,763,198
 
 
Institution: Indiana University-Northwest (151360)
User ID: 88G2401

Part B - Revenues and Other Additions
Fiscal Year 2008
 Report in whole dollars only
 
Line No.Source of fundsCurrent year amountPrior year amount
 Nonoperating Revenues  
10Federal appropriations0
11State appropriations21,725,499
12Local appropriations, education district taxes, & similar support0
 Grants-nonoperating  
13Federal nonoperating grants0
14State nonoperating grants0
15Local nonoperating grants0
16Gifts, including contributions from affiliated organizations556,718
17Investment income282,709
18Other nonoperating revenues (CV)
CV=[B19-(B10+...+B17)]		00
19Total nonoperating revenues22,564,926
 
 
Institution: Indiana University-Northwest (151360)
User ID: 88G2401

Part B - Revenues and Other Additions
Fiscal Year 2008
 Report in whole dollars only
 
Line No.Resource of fundsCurrent year amountPrior year amount
 Other Revenues and Additions  
20Capital appropriations129,093
21Capital grants & gifts114,524
22Additions to permanent endowments0
23Other revenues & additions (CV)
CV=[B24-(B20+...+B22)]		00
24Total other revenues and additions243,617
 
25Total all revenues and other additions (CV)
CV=(B09+B19+B24)		53,380,55449,571,741
 
CV = Calculated Value
 
You may use the space below to provide context for the data you've reported above.
 
Institution: Indiana University-Northwest (151360)
User ID: 88G2401

Part C - Expenses and Other Deductions
Fiscal Year 2008
 Report in whole dollars only                              
  12345
Line No.DescriptionCurrent year totalSalaries & wagesEmployee fringe benefitsDepreciationAll other                    
 Operating Expenses 
01Instruction1,242,159
02Research16,408
03Public service333,136
05Academic support713,423
06Student services628,776
07Institutional support1,411,089
08Operation & maintenance
of plant		2,389,866
09Depreciation  2,815,9690
10Scholarships and fellowships
expenses, excluding discounts & allowances (do not include work study here)		 3,314,514
11Auxiliary enterprises693,385
12Hospital services0
13Independent operations0
14Other expenses
& deductions (CV)
CV=[C15-(C01+...+C13)]		184,402184,401001
15Total operating expenses10,742,757
 Prior year amount45,909,24022,388,7856,879,2892,812,51313,828,653
 
 
Institution: Indiana University-Northwest (151360)
User ID: 88G2401

Part C - Expenses and Other Deductions
Fiscal Year 2008
 Report in whole dollars only                              
  12345
Line No.DescriptionCurrent year totalSalaries & wagesEmployee fringe benefitsDepreciationAll other                    
 Nonoperating Expenses and Deductions     
16Interest   2,919,753
17Other nonoperating expenses & deductions (CV)
CV=(C18-C16)		920,860000920,860
18Total nonoperating
expenses & deductions (CV)
CV=(C19-C15)		3,840,6130003,840,613
 
19Total expenses & deductions14,583,370
 Prior year amount49,900,22022,388,7856,879,2892,812,51317,819,633
 
CV = Calculated Value
 
You may use the space below to provide context for the data you've reported above.
 
Institution: Indiana University-Northwest (151360)
User ID: 88G2401

Part D - Summary of Changes In Net Assets
Fiscal Year 2008
 
Line No.DescriptionCurrent year amountPrior year amount
01Total revenues & other additions (from B25)53,380,55449,571,741
 
02Total expenses & deductions (from C19)46,973,83749,900,220
 
03Change in net assets during year (CV)
CV=(D01-D02)		6,406,717-328,479
04Net assets beginning of year37,450,263
05Adjustments to beginning net assets (CV)
CV=[D06-(D03+D04)]		-4,945,3980
06Net assets end of year (from A18)38,583,10337,121,784
 
CV = Calculated Value
 
You may use the space below to provide context for the data you've reported above.
 
Institution: Indiana University-Northwest (151360)
User ID: 88G2401

Part E - Scholarships and Fellowships
Part E - Scholarships and Fellowships
Fiscal Year 2008
 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)4,302,646
02Other federal grants210,535
03Grants by state government0
04Grants by local government0
05Institutional grants from restricted resources35,524
06Institutional grants from unrestricted resources (CV)
CV=[E07-(E01+...+E05)]		522,973851,170
07Total gross scholarships and fellowships5,399,875
 
 Discounts and Allowances  
08Discounts & allowances applied to tuition & fees2,344,226
09Discounts & allowances applied to sales & services of
auxiliary enterprises (CV)
CV= (E10-E08)		10
10Total Discounts & Allowances (CV)
CV=(E07-E11)		2,508,3562,344,226
 
11Net scholarships and fellowships expenses after deducting
discount & allowances (from C10)		3,314,5143,055,649
 
CV = Calculated Value
 
You may use the space below to provide context for the data you've reported above.
 
Institution: Indiana University-Northwest (151360)
User ID: 88G2401

Part H - Details of Endowment Assets
Fiscal Year 2008
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  8,780,570
02Value of endowment assets at the end of the fiscal year  10,690,777
Institution: Indiana University-Northwest (151360)
User ID: 88G2401

Part J - Revenue Data for Bureau of Census
Part J - Revenues (Census Bureau)
Fiscal Year 2008
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 fees19,297,72019,297,720   
02Sales and services1,561,6781,090,2160
03Federal grants/contracts (excludes Pell Grants)5,709,073
 Revenue from the state government:
04State appropriations, current & capital22,484,638
05State grants and contracts304,762
 Revenue from local governments:
06Local appropriation, current & capital0
07Local government grants/contracts28,100
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-Northwest (151360)
User ID: 88G2401

Part K - Expenditure Data for Bureau of Census
Part K - Expenditures
Fiscal Year 2008
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 wages22,337,63627,0480
02Employee benefits, total7,236,8618,8290
03Payment to state retirement funds (maybe included in line 02 above)369,701
04Current expenditures other than salaries10,133,599
 Capital outlay: 
05Construction222,678
06Equipment purchases43,697
07Land purchases661,425
08Interest on debt outstanding, all funds & activities 
09Scholarships/fellowships5,822,8705,822,870 
 
You may use the space below to provide context for the data you've reported above.
 
Institution: Indiana University-Northwest (151360)
User ID: 88G2401

Part L - Debt and Assets, page 1
Part L - Debt and Assets
Fiscal Year 2008
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-Northwest (151360)
User ID: 88G2401

Part L - Debt and Assets, page 2
Part L - Debt and Assets (page 2)
Fiscal Year 2008
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-Northwest (151360) User ID:  88G2401
Explanation Report
Number Source Location Description Severity Accepted
Global Edits
1 Perform Edits Depreciation expense is expected to be greater than or equal to current year additions to accumulated depreciation in Part A. Please fix or explain. Explanation Yes
Reason: IU operates on a multi campus environment but IPEDs requires reporting by individual campus. A transfer of equipment from another campus to Northwest campus resulted in an adjustment to accumulated depreciation.