REPORTING PACKAGE
California State University Stanislaus
Statement of Net Assets
June 30, 2007
Assets
Current assets:
Cash and cash equivalents
Short-term investments
Accounts receivable, net
Leases receivable, current portion
Pledges receivable, net
Prepaid expenses and other assets
Total current assets
University
Discretely
presented
component units
Auxiliary
Organizations
Total
$239,910
16,959,004
3,789,138
262,843
21,250,895
$421,270
10,735,204
1,606,849
280,407
850,816
13,894,546
$661,180
27,694,208
5,395,987
280,407
1,113,659
35,145,441
9,082,016
1,044,164
164,231
133,663,063
143,953,474
165,204,369
3,331,349
9,768,961
4,945,736
145,041
18,191,087
32,085,633
9,082,016
1,044,164
3,331,349
9,933,192
138,608,799
145,041
162,144,561
197,290,002
Liabilities and Net Assets
Current liabilities:
Accounts payable
Accrued salaries and benefits payable
Accrued compensated absences - current portion
Deferred revenue
Capitalized lease obligations - current portion
Long-term debt obligations - current portion
Self-insurance claims liability - current portion
Other liabilities
Total current liabilities
4,194,557
5,319,753
2,001,407
1,357,713
515,522
345,000
1,815,648
15,549,600
909,165
209,002
49,639
186,772
4,018,329
5,372,907
5,103,722
5,528,755
2,051,046
1,357,713
515,522
531,772
5,833,977
20,922,507
Noncurrent liabilities:
Accrued compensated absences, net of current portion
Deferred revenue
Grants refundable
Capitalized lease obligations, net of current portion
Long-term debt obligations, net of current portion
Self-insurance claims liability, net of current portion
Depository accounts
Other liabilities
Total noncurrent liabilities
Total liabilities
1,435,744
1,064,649
872,000
17,085,000
182,162
20,639,555
36,189,155
4,109,808
728,560
4,838,368
10,211,275
1,435,744
1,064,649
872,000
21,194,808
182,162
728,560
25,477,923
46,400,430
114,845,541
649,156
115,494,697
8,265,343
8,265,343
1,098,636
3,145,060
8,716,163
$21,874,358
2,744,956
8,822,139
310,900
3,145,060
12,106,477
$150,889,572
Noncurrent assets:
Restricted cash and cash equivalents
Accounts receivable, net
Leases receivable, net of current portion
Student loans receivable, net
Pledges receivable, net
Endowment investments
Other long-term investments
Capital assets, net
Other assets
Total noncurrent assets
Total assets
Net assets:
Invested in capital assets, net of related debt
Restricted for:
Nonexpendable - endowments
Expendable:
Scholarships and fellowships
Research
Loans
Capital projects
Debt service
Other
Unrestricted
Total net assets
1,646,320
8,822,139
310,900
3,390,314
$129,015,214
REPORTING PACKAGE
California State University Stanislaus
Statement of Revenues, Expenses, and Changes in Net Assets
June 30, 2007
University
Revenues:
Operating revenues:
Student tuition and fees, gross
Scholarship allowances (enter as negative)
Student tuition and fees (net of scholarship
allowances of $ 15391967)
Grants and contracts, noncapital:
Federal
State
Local
Nongovernmental
Sales and services of educational activities
Sales and services of auxiliary enterprises, gross
Scholarship allowances - aux ent (enter as negative)
Sales and services of auxiliary enterprises (net of
scholarship allowances of $ 1758066)
Other operating revenues
Total operating revenues
Expenses:
Operating expenses:
Instruction
Research
Public service
Academic support
Student services
Institutional support
Operation and maintenance of plant
Student grants and scholarships
Auxiliary enterprise expenses
Depreciation and amortization
Total operating expenses
Operating income (loss)
Nonoperating revenues (expenses):
State appropriations, noncapital
Gifts, noncapital
Investment income, net
Endowment income
Interest on capital-related debt
Other nonoperating revenues (expenses)
Net nonoperating revenues (expenses)
Income (loss) before other additions
State appropriations, capital
Grants and gifts, capital
Additions to permanent endowments
Transfers from (to) other CSU campuses, net
Increase (decrease) in net assets
Net assets:
Net assets at beginning of year, as previously reported
Restatements
Net assets at beginning of year, as restated
Net assets at end of year
Discretely presented
component units
FASB Auxiliary
Organizations
Eliminations
Total
$26,766,440
(15,391,967)
$1,574,493
-
-
$28,340,933
(15,391,967)
11,374,473
1,574,493
-
12,948,966
11,456,797
6,394,423
735,702
760,923
5,385,603
(1,758,066)
284,456
175,522
53,472
1,817,449
-
-
11,741,253
6,569,945
735,702
814,395
7,203,052
(1,758,066)
3,627,537
1,201,996
35,551,851
1,817,449
928,347
4,833,739
-
5,444,986
2,130,343
40,385,590
42,340,497
1,543,917
1,646,973
11,506,691
11,511,437
10,960,288
10,669,437
2,224,305
3,385,979
4,985,457
100,774,981
(65,223,130)
284,553
6,352
22,207
276,981
1,049,234
918,045
161,220
1,279,217
2,483,715
276,295
6,757,819
(1,924,080)
(236,489)
(1,322,318)
(1,558,807)
1,558,807
42,625,050
1,550,269
1,669,180
11,783,672
12,560,671
11,641,844
10,830,657
2,181,204
5,869,694
5,261,752
105,973,993
(65,588,403)
60,666,713
2,313,624
1,303,590
(820,230)
1,076,291
64,539,988
(683,142)
4,370,382
481,118
1,051,436
(269,088)
5,633,848
3,709,768
(1,322,318)
(1,322,318)
236,489
60,666,713
5,361,688
1,784,708
1,051,436
(820,230)
807,203
68,851,518
3,263,115
6,332,000
236,489
5,885,347
(745,415)
2,964,353
(236,489)
-
6,332,000
(745,415)
8,849,700
123,129,867
123,129,867
$129,015,214.00
18,910,005
18,910,005
$21,874,358.00
$
-
142,039,872
142,039,872
$150,889,572.00
REPORTING PACKAGE
California State University Stanislaus
Statement of Cash Flows
Years ended June 30, 2007 and 2006
2007
Cash flows from operating activities:
Tuition and fees
Federal grants and contracts
State grants and contracts
Local grants and contracts
Nongovernmental grants and contracts
Payments to suppliers
Payments to employees
Payments to students
Collections of student loans
Sales and services of auxiliary enterprises
Sales and services of educational activities
Other receipts (payments)
Net cash provided by (used in) operating activities
$
2006
11,398,732
11,776,157
6,911,996
760,923
(22,645,569)
(76,200,398)
(1,592,243)
3,862,295
1,428,011
(64,300,096)
13,270,436
8,511,409
5,910,996
293,064
(13,509,774)
(66,792,617)
(4,936,529)
2,767,233
(1,220,299)
(55,706,081)
Cash flows from noncapital financing activities:
State appropriations
Gifts and grants received for other than capital purposes
Federal loan program receipts
Federal loan program disbursements
Monies received on behalf of others
Monies disbursed on behalf of others
Other noncapital financing activities
Net cash provided by (used in) noncapital financing activities
62,804,117
2,313,625
15,030,002
(15,114,622)
1,979,818
(1,892,385)
1,076,291
66,196,846
55,717,994
13,899,078
(13,913,278)
(82,269)
361,170
2,974,740
58,957,435
Cash flows from capital and related financing activities:
Proceeds from capital debt
State appropriations
Capital grants and gifts
Proceeds from sale of capital assets
Acquisition of capital assets
Transfers to escrow agent
Principal paid on capital debt and leases
Interest paid on capital debt and leases
Principal payments received on capital leases
Interest payments received on capital leases
997,000
17,056,887
(371,229)
(16,808,625)
(700,447)
(821,930)
-
26,044,624
189,529
572
(29,256,421)
(671,408)
(977,276)
-
(648,344)
(4,670,380)
121,896,928
(128,610,236)
1,299,601
(5,413,707)
2,817,444
(1,850,000)
(1,603,653)
(636,209)
(4,165,301)
4,405,211
239,910
(2,055,235)
6,460,446
4,405,211
Net cash provided by (used in) capital and related financing activities
Cash flows from investing activities:
Proceeds from sales and maturities of investments
Purchases of investments
Investment income received
Net cash provided by (used in) investing activities
Net increase (decrease) in cash and cash equivalents
Cash and cash equivalents at beginning of year
Cash and cash equivalents at end of year
$
239,910
Summary of cash and cash equivalents at end of year:
Cash and cash equivalents
Restricted cash and cash equivalents
Total cash and cash equivalents at end of year
$
$
Reconciliation of net operating income (loss) to net cash provided by (used in)
operating activities:
Operating income (loss)
$
Adjustments to reconcile net operating income (loss) to net cash provided
by (used in) operating activities:
Depreciation and amortization
Change in assets and liabilities:
Accounts receivable, net
Student loans receivable, net
Pledges receivable, net
Prepaid expenses and other assets
Accounts payable
Accrued salaries and benefits
Accrued compensated absences
Deferred revenue
Self-insurance claims liability
Depository accounts
Other liabilities
Cash flows reported in other categories:
Interest on noncapital related debt
Net cash provided by (used in) operating activities
$
Supplemental schedule of noncash transactions:
Contributed capital/donated assets
Construction work in progress acquired from the Office of the Chancellor
Capital asset transferred from the Office of the Chancellor
Accrued capital asset costs (purchased but unpaid at year-end)
$
239,910
239,910
(65,223,130)
(64,400,206)
4,985,457
5,528,167
753,077
(125,920)
(4,563,420)
(401,137)
314,070
226,231
(114,000)
(151,324)
(2,484,081)
(808,846)
6,738,937
531,316
374,275
(469,230)
114,000
(830,413)
(64,300,096)
(55,706,081)
322,438
285,280
245,061
104,751
3,756
(1,661,459)