Finance 2007-08
Institution: Indiana University-Southeast (151379)
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-Southeast (151379)
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-Southeast (151379)
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 24,945,189
 
 Noncurrent Assets  
02Capital assets - depreciable (gross) 79,121,687
03Accumulated depreciation (enter as a positive amount) 29,244,147
04Other noncurrent assets (CV)
CV=[A05-(A02-A03)]		14,553,911 3,720,447
05Total noncurrent assets 53,597,987
 
06Total assets (CV)
CV=(A01+A05)		83,013,370 78,543,176
 
 Current Liabilities  
07Long-term debt, current portion 2,731,020
08Other current liabilities (CV)
CV=(A09-A07)		5,670,422 4,055,370
09Total current liabilities 6,786,390
 
 Noncurrent Liabilities  
10Long-term debt 35,756,422
11Other noncurrent liabilities (CV)
CV=(A12-A10)		2,352,899 1,703,573
12Total noncurrent liabilities 37,459,995
 
13Total liabilities (CV)
CV=(A09+A12)		44,794,687 44,246,385
 
 Net Assets  
14Invested in capital assets, net of related debt 19,006,577
15Restricted-expendable 4,722,844
16Restricted-nonexpendable 0
17Unrestricted (CV)
CV=[A18-(A14+A15+A16)]		8,809,202 10,567,370
18Total Net assets (CV)
CV=(A06-A13)		38,218,683 34,296,791
 
 
CV= Calculated Value
 
CAVEATS
 
Institution: Indiana University-Southeast (151379)
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
23Buildings1
24Equipment100,473
25Art and library collections588,735
26Property obtained under capital leases
(if not included in equipment)		0
27Construction in progress1
28Accumulated depreciation681,999
 
 CV = (Beginning Balance + Additions - Ending Balance)  
 
CAVEATS
 
Institution: Indiana University-Southeast (151379)
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 & allowances20,759,689
 Grants and contracts - operating  
02Federal operating grants and contracts4,367,542
03State operating grants and contracts135,830
04Local/private operating grants and contracts223,223
05Sales & services of auxiliary enterprises,
after deducting discounts & allowances		3,760,552
06Sales & services of hospitals,
after deducting patient contractual allowances		0
07Independent operations0
08Other sources - operating (CV)
CV=[B09-(B01+ ....+B07)]		1,762,5331,805,399
09Total operating revenues31,052,235
 
 
Institution: Indiana University-Southeast (151379)
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 appropriations23,976,872
12Local appropriations, education district taxes, & similar support0
 Grants-nonoperating  
13Federal nonoperating grants0
14State nonoperating grants0
15Local nonoperating grants0
16Gifts, including contributions from affiliated organizations609,699
17Investment income577,416
18Other nonoperating revenues (CV)
CV=[B19-(B10+...+B17)]		00
19Total nonoperating revenues25,163,987
 
 
Institution: Indiana University-Southeast (151379)
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 & gifts198,080
22Additions to permanent endowments0
23Other revenues & additions (CV)
CV=[B24-(B20+...+B22)]		00
24Total other revenues and additions198,080
 
25Total all revenues and other additions (CV)
CV=(B09+B19+B24)		56,559,35756,414,302
 
CV = Calculated Value
 
CAVEATS
 
Institution: Indiana University-Southeast (151379)
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 
01Instruction1,719,162
02Research5,097
03Public service170,237
05Academic support572,955
06Student services798,286
07Institutional support3,758,580
08Operation & maintenance
of plant		1,457,871
09Depreciation  2,559,303
10Scholarships and fellowships
expenses, excluding discounts & allowances (do not include work study here)		 2,131,055
11Auxiliary enterprises3,104,264
12Hospital services0
13Independent operations0
14Other expenses
& deductions (CV)
CV=[C15-(C01+...+C13)]		172,479172,479000
15Total operating expenses13,717,507
 Prior year amount49,064,38624,550,4467,264,9692,541,58414,707,387
 
 
Institution: Indiana University-Southeast (151379)
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   1,311,933
17Other nonoperating expenses & deductions (CV)
CV=(C18-C16)		1,699,9420001,699,942
18Total nonoperating
expenses & deductions (CV)
CV=(C19-C15)		3,011,8750003,011,875
 
19Total expenses & deductions16,729,382
 Prior year amount52,422,40224,550,4467,264,9692,541,58418,065,403
 
CV = Calculated Value
 
CAVEATS
 
Institution: Indiana University-Southeast (151379)
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)56,559,35756,414,302
 
02Total expenses & deductions (from C19)52,637,46352,422,402
 
03Increase in net assets during year (CV)
CV=(D01-D02)		3,921,8943,991,900
04Net assets beginning of year30,304,888
05Adjustments to beginning net assets (CV)
CV=[D06-(D03+D04)]		13
06Net assets end of year (from A18)38,218,68334,296,791
 
CV = Calculated Value
 
CAVEATS
 
Institution: Indiana University-Southeast (151379)
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)3,461,077
02Other federal grants142,452
03Grants by state government2,227,198
04Grants by local government0
05Institutional grants from restricted resources802,012
06Institutional grants from unrestricted resources (CV)
CV=[E07-(E01+...+E05)]		835,7151,012,742
07Total gross scholarships and fellowships7,645,481
 
 Discounts and Allowances  
08Discounts & allowances applied to tuition & fees2,432,932
09Discounts & allowances applied to sales & services of
auxiliary enterprises (CV)
CV= (E10-E08)		0319,507
10Total Discounts & Allowances (CV)
CV=(E07-E11)		2,833,2092,752,439
 
11Net scholarships and fellowships expenses after deducting
discount & allowances (from C10)		2,131,0554,893,042
 
CV = Calculated Value
 
CAVEATS
 
Institution: Indiana University-Southeast (151379)
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  1,113,460
02Value of endowment assets at the end of the fiscal year  1,185,054
Institution: Indiana University-Southeast (151379)
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 fees22,846,06422,846,064   
02Sales and services4,732,9204,025,1630
03Federal grants/contracts (excludes Pell Grants)4,237,850
 Revenue from the state government:
04State appropriations, current & capital24,313,299
05State grants and contracts141,599
 Revenue from local governments:
06Local appropriation, current & capital0
07Local government grants/contracts6,260
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-Southeast (151379)
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 wages25,565,716534,210
02Employee benefits, total7,783,063132,017
03Payment to state retirement funds (maybe included in line 02 above)389,215
04Current expenditures other than salaries13,993,116
 Capital outlay: 
05Construction9,944,398
06Equipment purchases292,926
07Land purchases670,706
08Interest on debt outstanding, all funds & activities 
09Scholarships/fellowships4,964,2644,964,264 
 
CAVEATS
 
Institution: Indiana University-Southeast (151379)
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-Southeast (151379)
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-Southeast (151379) 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.