Finance 2007-08
Institution: Indiana University-Purdue University-Indianapolis (151111)
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-Purdue University-Indianapolis (151111)
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, 2007.)
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 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-Purdue University-Indianapolis (151111)
User ID: 88G2401

Part A - Statement of Net Assets
Fiscal Year 2007
 Report in whole dollars only
 
Line no. Current year amountPrior year amount
 Current Assets  
01Total Current Assets 340,457,006
 
 Noncurrent Assets  
02Capital assets - depreciable (gross) 1,247,689,822
03Accumulated depreciation (enter as a positive amount) 494,349,020
04Other noncurrent assets (CV)
CV=[A05-(A02-A03)]		215,296,392 114,165,615
05Total noncurrent assets 867,506,417
 
06Total assets (CV)
CV=(A01+A05)		1,232,766,510 1,207,963,423
 
 Current Liabilities  
07Long-term debt, current portion 12,455,201
08Other current liabilities (CV)
CV=(A09-A07)		101,907,288 107,930,277
09Total current liabilities 120,385,478
 
 Noncurrent Liabilities  
10Long-term debt 269,669,007
11Other noncurrent liabilities (CV)
CV=(A12-A10)		59,381,572 131,832,578
12Total noncurrent liabilities 401,501,585
 
13Total liabilities (CV)
CV=(A09+A12)		493,556,457 521,887,063
 
 Net Assets  
14Invested in capital assets, net of related debt 470,426,498
15Restricted-expendable 51,913,178
16Restricted-nonexpendable 19,404,604
17Unrestricted (CV)
CV=[A18-(A14+A15+A16)]		179,290,598 144,332,080
18Total Net assets (CV)
CV=(A06-A13)		739,210,053 686,076,360
 
 
CV= Calculated Value
 
CAVEATS
 
Institution: Indiana University-Purdue University-Indianapolis (151111)
User ID: 88G2401

Part A - Plant, Property, and Equipment
Fiscal Year 2007
 Report in whole dollars only    
 
Line No.DescriptionBeginning
balance		AdditionsRetirements
(CV)		Ending balance
 Plant, Property, and Equipment    
 
21Land & land improvements0
22Infrastructure0
23Buildings0
24Equipment10,185,148
25Art and library collections4,203,310
26Property obtained under capital leases
(if not included in equipment)		0
27Construction in progress2,055
28Accumulated depreciation13,443,051
 
 CV = (Beginning Balance + Additions - Ending Balance)  
 
CAVEATS
 
Institution: Indiana University-Purdue University-Indianapolis (151111)
User ID: 88G2401

Part B - Revenues and Other Additions
Fiscal Year 2007
 Report in whole dollars only  
 
Line No.Source of FundsCurrent year amountPrior year amount
 Operating Revenues  
01Tuition & fees, after deducting discounts & allowances196,713,941
 Grants and contracts - operating  
02Federal operating grants and contracts173,207,559
03State operating grants and contracts7,747,929
04Local/private operating grants and contracts79,097,031
05Sales & services of auxiliary enterprises,
after deducting discounts & allowances		143,886,171
06Sales & services of hospitals,
after deducting patient contractual allowances		0
07Independent operations0
08Other sources - operating (CV)
CV=[B09-(B01+ ....+B07)]		167,231,334170,069,935
09Total operating revenues770,722,566
 
 
Institution: Indiana University-Purdue University-Indianapolis (151111)
User ID: 88G2401

Part B - Revenues and Other Additions
Fiscal Year 2007
 Report in whole dollars only   
 
Line No.Source of fundsCurrent year amountPrior year amount
 Nonoperating Revenues  
10Federal appropriations0
11State appropriations209,513,764
12Local appropriations, education district taxes, & similar support0
 Grants-nonoperating  
13Federal nonoperating grants0
14State nonoperating grants0
15Local nonoperating grants0
16Gifts, including contributions from affiliated organizations26,425,973
17Investment income13,151,169
18Other nonoperating revenues (CV)
CV=[B19-(B10+...+B17)]		00
19Total nonoperating revenues249,090,906
 
 
Institution: Indiana University-Purdue University-Indianapolis (151111)
User ID: 88G2401

Part B - Revenues and Other Additions
Fiscal Year 2007
 Report in whole dollars only  
 
Line No.Resource of fundsCurrent year amountPrior year amount
 Other Revenues and Additions  
20Capital appropriations0
21Capital grants & gifts8,171,708
22Additions to permanent endowments1,526,026
23Other revenues & additions (CV)
CV=[B24-(B20+...+B22)]		10
24Total other revenues and additions9,697,734
 
25Total all revenues and other additions (CV)
CV=(B09+B19+B24)		1,043,918,2121,029,511,206
 
CV = Calculated Value
 
CAVEATS
 
Institution: Indiana University-Purdue University-Indianapolis (151111)
User ID: 88G2401

Part C - Expenses and Other Deductions
Fiscal Year 2007
 Report in whole
dollars only                              		     
  12345
Line No.DescriptionCurrent year totalSalaries & wagesEmployee fringe benefitsDepreciationAll other                    
 Operating Expenses 
01Instruction52,424,891
02Research49,125,708
03Public service37,089,244
05Academic support34,963,745
06Student services4,150,560
07Institutional support12,618,036
08Operation & maintenance
of plant		37,456,167
09Depreciation  40,937,339
10Scholarships and fellowships
expenses, excluding discounts & allowances (do not include work study here)		 6,062,110
11Auxiliary enterprises58,866,854
12Hospital services0
13Independent operations0
14Other expenses
& deductions (CV)
CV=[C15-(C01+...+C13)]		2,374,3542,234,885139,46702
15Total operating expenses292,757,317
 Prior year amount950,495,190452,417,142135,231,14940,165,793322,681,106
 
 
Institution: Indiana University-Purdue University-Indianapolis (151111)
User ID: 88G2401

Part C - Expenses and Other Deductions
Fiscal Year 2007
 Report in whole dollars only                                   
  12345
Line No.DescriptionCurrent year totalSalaries & wagesEmployee fringe benefitsDepreciationAll other                    
 Nonoperating Expenses and Deductions     
16Interest   16,506,079
17Other nonoperating expenses & deductions (CV)
CV=(C18-C16)		16,981,32000016,981,320
18Total nonoperating
expenses & deductions (CV)
CV=(C19-C15)		33,487,39900033,487,399
 
19Total expenses & deductions326,244,716
 Prior year amount994,085,300452,417,142135,231,14940,165,793366,271,216
 
CV = Calculated Value
 
CAVEATS
 
Institution: Indiana University-Purdue University-Indianapolis (151111)
User ID: 88G2401

Part D - Summary of Changes In Net Assets
Fiscal Year 2007
 
Line No.DescriptionCurrent year amountPrior year amount
01Total revenues & other additions (from B25)1,043,918,2121,029,511,206
 
02Total expenses & deductions (from C19)990,784,521994,085,300
 
03Increase in net assets during year (CV)
CV=(D01-D02)		53,133,69135,425,906
04Net assets beginning of year650,650,453
05Adjustments to beginning net assets (CV)
CV=[D06-(D03+D04)]		11
06Net assets end of year (from A18)739,210,053686,076,360
 
CV = Calculated Value
 
CAVEATS
 
Institution: Indiana University-Purdue University-Indianapolis (151111)
User ID: 88G2401

Part E - Scholarships and Fellowships
Part E - Scholarships and Fellowships
Fiscal Year 2007
 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)14,634,379
02Other federal grants901,856
03Grants by state government14,940,215
04Grants by local government0
05Institutional grants from restricted resources13,535,350
06Institutional grants from unrestricted resources (CV)
CV=[E07-(E01+...+E05)]		13,303,31917,091,780
07Total gross scholarships and fellowships61,103,580
 
 Discounts and Allowances  
08Discounts & allowances applied to tuition & fees23,053,895
09Discounts & allowances applied to sales & services of
auxiliary enterprises (CV)
CV= (E10-E08)		03,027,571
10Total Discounts & Allowances (CV)
CV=(E07-E11)		26,672,19026,081,466
 
11Net scholarships and fellowships expenses after deducting
discount & allowances (from C10)		6,062,11035,022,114
 
CV = Calculated Value
 
CAVEATS
 
Institution: Indiana University-Purdue University-Indianapolis (151111)
User ID: 88G2401

Part H - Details of Endowment Assets
Fiscal Year 2007
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  23,168,116
02Value of endowment assets at the end of the fiscal year  25,646,146
Institution: Indiana University-Purdue University-Indianapolis (151111)
User ID: 88G2401

Part J - Revenue Data for Bureau of Census
Part J - Revenues (Census Bureau)
Fiscal Year 2007
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 fees215,075,732215,075,732   
02Sales and services184,529,730158,344,4760
03Federal grants/contracts (excludes Pell Grants)192,446,789
 Revenue from the state government:
04State appropriations, current & capital209,639,096
05State grants and contracts9,334,535
 Revenue from local governments:
06Local appropriation, current & capital0
07Local government grants/contracts990,965
08Receipts from property and non-property taxes 
09Gifts and private grants, including capital grants 
10Interest earnings 
11Dividend earnings 
12Realized capital gains 
 
CAVEATS
 
Institution: Indiana University-Purdue University-Indianapolis (151111)
User ID: 88G2401

Part K - Expenditure Data for Bureau of Census
Part K - Expenditures
Fiscal Year 2007
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 wages475,256,82460,570,709
02Employee benefits, total148,345,64119,094,343
03Payment to state retirement funds (maybe included in line 02 above)7,418,465
04Current expenditures other than salaries313,343,795
 Capital outlay: 
05Construction65,276,504
06Equipment purchases10,060,485
07Land purchases9,178,228
08Interest on debt outstanding, all funds & activities 
09Scholarships/fellowships32,734,30032,734,300 
 
CAVEATS
 
Institution: Indiana University-Purdue University-Indianapolis (151111)
User ID: 88G2401

Part L - Debt and Assets, page 1
Part L - Debt and Assets
Fiscal Year 2007
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
 
CAVEATS
 
Institution: Indiana University-Purdue University-Indianapolis (151111)
User ID: 88G2401

Part L - Debt and Assets, page 2
Part L - Debt and Assets (page 2)
Fiscal Year 2007
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
 
CAVEATS
 
Institution:  Indiana University-Purdue University-Indianapolis (151111) 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: A transfer of an already depreciated asset was transferred across campuses.