UNIVERSITY OF NORTHERN IOWA CEDAR FALLS, IOWA 50614 GENERAL INFORMATION FOR BOND RATING AGENCIES As of December 7, 2010 Dr. Benjamin Allen President (319) 273-2566 Thomas G. Schellhardt Vice President for Administration and Financial Services (319) 273-2382 Gary B. Shontz Controller, University Secretary and Treasurer (319) 273-3576 Table of Contents Ten Year Headcount Enrollment Data Ten Year Full-Time Equivalent (FTE) Enrollment Data Ten Year Headcount Enrollment Projections Freshman Class Data Graduate Student Data Transfer Student Data Geographical Distribution of Students Full-Time/Part-Time Split of Students on a Headcount Basis Four, Five and Six Year Graduation Percentages Cost of Tuition and Mandatory Fees Per Academic Year Residence (Dormitory) System Data Grants and Contracts Expenditures Academic Building Revenue Bonds Issued and Outstanding Academic Building Revenue Bonds Retired Academic Building Revenue Bonds Tuition to Debt Service Long-Term Debt - Residence System Long-Term Debt - Field House Long-Term Debt - Student Union Long-Term Debt - Student Health System Debt Service Requirements - Bond Issues Debt Service Requirements - Capital Lease Issues Statement of Net Assets Statement of Revenues, Expenses and Changes In Net Assets Statement of Cash Flows Staff Statistics Highest Degrees Held by Faculty Collective Bargaining Status Retirement Programs Schedule of State Appropriations UNI Foundation - Statements of Financial Position UNI Foundation - Statements of Activities Current Year UNI Foundation - Statements of Activities Prior Year UNI Foundation - Statements of Activities Ten Year UNI Foundation Analysis of Alumni Giving Endowment Statistics Pell Grant Revenue 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24-25 26 27 28 29 30 31 32 33 34 35 36 37 UNIVERSITY OF NORTHERN IOWA Cedar Falls, Iowa 50614 Ten Year Headcount Enrollment Data Fall 2001 Through Fall 2010 Student Level 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 Lower Division 5,425 5,112 4,619 4,363 4,433 4,427 4,719 4,865 4,841 4,780 Upper Division 7,049 7,170 7,155 6,857 6,519 6,275 6,291 6,182 6,453 6,611 Total Undergraduate 12,474 12,282 11,774 11,220 10,952 10,702 11,010 11,047 11,294 11,391 1,174 1,163 1,173 1,100 1,112 1,113 1,157 1,372 1,301 1,291 422 481 494 504 449 445 442 489 485 519 Masters Advanced Graduate Professional Totals NA 14,070 NA 13,926 NA 13,441 NA 12,824 NA 12,513 1 NA 12,260 NA 12,609 NA 12,908 NA 13,080 NA 13,201 UNIVERSITY OF NORTHERN IOWA Cedar Falls, Iowa 50614 Ten Year Full-Time Equivalent (FTE) Enrollment Data Fall 2001 Through Fall 2010 Student Level 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 Lower Division 4,807 4,417 3,953 3,761 3,914 3,904 4,107 4,346 4,281 4,207 Upper Division 6,053 6,256 6,251 5,966 5,798 5,632 5,649 5,573 5,829 5,986 81 88 79 68 89 87 100 94 93 108 10,941 10,761 10,283 9,795 9,801 9,623 9,856 10,013 10,203 10,301 Masters 888 839 863 893 933 945 998 1,080 1,098 1,076 Advanced Graduate 252 279 279 318 282 267 253 272 270 304 Unclassified Total Undergraduate Professional Totals NA 12,081 NA 11,879 NA 11,425 NA 11,006 NA 11,016 2 NA 10,835 NA 11,107 NA 11,365 NA 11,571 NA 11,681 UNIVERSITY OF NORTHERN IOWA Cedar Falls, Iowa 50614 Ten Year Headcount Enrollment Projections Fall 2011 Through Fall 2020 (with Fall 2010 Actual) Student Level Actual 2010 Lower Division 4,780 4,729 4,771 4,788 4,833 4,912 4,968 5,001 5,036 5,048 5,042 Upper Division 6,611 6,760 6,759 6,777 6,844 6,910 6,982 7,061 7,122 7,165 7,203 Total Undergraduate 11,391 11,489 11,530 11,565 11,677 11,822 11,950 12,062 12,158 12,213 12,245 1,810 1,907 1,990 2,062 2,125 2,181 2,226 2,262 2,291 2,314 2,333 Graduate Professional Totals NA 13,201 2011 NA 13,396 2012 NA 13,520 2013 2014 NA 13,627 NA 13,802 3 2015 NA 14,003 2016 NA 14,176 2017 NA 14,324 2018 NA 14,449 2019 NA 14,527 2020 NA 14,578 UNIVERSITY OF NORTHERN IOWA Cedar Falls, Iowa 50614 Freshman Class Data Fall 2001 Through Fall 2010 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 Number of Freshmen Applications 4,688 4,446 4,350 4,216 4,360 4,585 4,722 4,584 4,133 4,092 Number of Freshmen Accepted 3,786 3,554 3,518 3,360 3,422 3,572 3,759 3,841 3,505 3,411 Percent of Freshmen Applicants Accepted 80.8% 79.9% 80.9% 79.7% 78.5% 77.9% 79.6% 83.8% 84.8% 83.4% Number of Freshmen Enrolled 2,104 1,865 1,785 1,700 1,737 1,768 1,991 2,015 1,946 1,978 Percent of Accepted Freshmen Enrolled 55.6% 52.5% 50.7% 50.6% 50.8% 49.5% 53.0% 52.5% 55.5% 58.0% Average ACT Score 22.9 22.8 22.9 22.9 22.8 23.0 23.0 22.9 23.0 23.1 Average SAT Score 1060 1014 1078 1058 1088 1104 1095 1029 1103 1066 Percent of Freshmen In Upper 50% of High School Class 90.5% 89.9% 89.3% 89.6% 89.5% 88.7% 89.3% 85.4% 76.4% 78.5% Percent of Freshmen In Upper 30% of High School Class 58.0% 57.0% 58.4% 57.4% 56.7% 57.5% 53.8% 50.6% 52.3% 51.5% Percent of Freshmen In Upper 20% of High School Class 38.6% 37.5% 38.6% 38.5% 39.1% 37.6% 36.1% 37.7% 36.0% 35.1% Percent of Freshmen In Upper 10% of High School Class 18.1% 17.9% 19.1% 19.1% 19.0% 18.2% 17.6% 16.6% 16.9% 17.3% Freshmen one-year Retention Rate 81.4% 80.6% 81.4% 80.9% 82.1% 82.3% 83.7% 82.3% 82.5% N/A 4 UNIVERSITY OF NORTHERN IOWA Cedar Falls, Iowa 50614 Graduate Student Data Fall 2001 Through Fall 2010 2001 2002 2003 2004 2005 837 803 867 902 938 1,093 1,143 1,159 1,166 1,113 Number of Graduate Students Accepted Percentage 632 75.5% 544 67.7% 540 62.3% 524 58.1% 543 57.9% 636 58.2% 671 58.7% 785 67.7% 640 54.9% 543 48.8% Number of Graduate Students Enrolled Percentage 425 67.2% 360 66.2% 373 69.1% 385 73.5% 410 75.5% 386 60.7% 427 63.6% 403 51.3% 445 69.5% 413 76.1% Number of Graduate Student Applications 5 2006 2007 2008 2009 2010 UNIVERSITY OF NORTHERN IOWA Cedar Falls, Iowa 50614 Transfer Student Data Fall 2001 Through Fall 2010 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 Number of Transfer Student Applications 2,205 2,048 1,882 1,855 2,019 1,980 1,932 1,896 1,822 1,929 Number of Transfer Students Accepted Percentage 1,593 72.2% 1,529 74.7% 1,487 79.0% 1,469 79.2% 1,577 78.1% 1,487 75.1% 1,468 76.0% 1,455 76.7% 1,470 80.7% 1,503 77.9% Number of Transfer Students Enrolled Percentage 1,221 76.6% 1,119 73.2% 1,097 73.8% 1,080 73.5% 1,201 76.2% 1,117 75.1% 1,077 73.4% 1,052 72.3% 1,088 74.0% 1,138 75.7% 6 UNIVERSITY OF NORTHERN IOWA Cedar Falls, Iowa 50614 Geographical Distribution of Students Fall, 2010 --Iowa Residents-Number Percent Freshman Class Only 1,833 92.7% --Iowa Residents-Number Percent ---Residents of-----Other States--Number Percent 107 5.4% ---Residents of-----Other States--Number Percent ----Residents of-----Other Countries-Number Percent 38 1.9% ----Residents of-----Other Countries-Number Percent -----Total----Number Percent 1,978 100.0% -----Total----Number Percent Total Enrollment: Undergraduates Graduates 10,532 1,446 92.5% 79.9% 526 217 4.6% 12.0% 333 147 2.9% 8.1% 11,391 1,810 100.0% 100.0% 11,978 90.7% 743 5.6% 480 3.6% 13,201 100.0% 7 UNIVERSITY OF NORTHERN IOWA Cedar Falls, Iowa 50614 Full-Time/Part-Time Split of Students on a Headcount Basis Fall, 2001 through Fall, 2010 --Undergraduate-------Students----- -----Graduate--------Students---- -------Total----------Students----- Full Time Full Time Full Time Part Time Part Time Part Time Fall, 2001 89.9% 10.1% 36.2% 63.8% 83.8% 16.2% Fall, 2002 89.1% 10.9% 33.5% 66.5% 82.5% 17.5% Fall, 2003 89.3% 10.7% 34.0% 66.0% 82.4% 17.6% Fall, 2004 89.0% 11.0% 42.3% 57.7% 83.2% 16.8% Fall, 2005 89.3% 10.7% 43.6% 56.4% 83.6% 16.4% Fall, 2006 89.8% 10.2% 44.3% 55.7% 84.0% 16.0% Fall, 2007 89.8% 10.2% 43.3% 56.7% 83.9% 16.1% Fall, 2008 90.8% 9.2% 39.3% 60.7% 83.4% 16.6% Fall, 2009 91.0% 9.0% 43.7% 56.3% 84.6% 15.4% Fall, 2010 91.1% 8.9% 42.5% 57.5% 86.3% 13.7% 8 UNIVERSITY OF NORTHERN IOWA Cedar Falls, Iowa 50614 Four, Five and Six Year Graduation Percentages For Freshmen classes entering Fall, 1996 through Fall, 2006 Graduating in Four Years Graduating in Five Years or less Graduating in Six Years or less Fall, 1996 33.4% 61.7% 66.5% Fall, 1997 28.8% 60.9% 65.2% Fall, 1998 29.5% 60.3% 64.3% Fall, 1999 33.5% 60.8% 65.0% Fall, 2000 33.9% 62.1% 67.1% Fall, 2001 32.3% 60.0% 65.0% Fall, 2002 33.5% 58.9% 63.0% Fall, 2003 35.2% 62.5% 66.5% Fall, 2004 35.2% 61.7% 67.0% Fall, 2005 35.7% 61.7% Fall, 2006 37.7% Freshman class entering: 9 UNIVERSITY OF NORTHERN IOWA Cedar Falls, Iowa 50614 Cost of Tuition and Mandatory Fees Per Academic Year 2001-02 through 2010-11 2001-02 2002-03 2003-04 2004-05 2005-06 2006-07 2007-08 2008-09 2009-10 2010-11 Undergraduate Tuition: Resident Non-Resident $ 3,440 8,762 4,118 10,426 4,916 11,874 5,387 12,705 5,602 13,214 6,112 14,028 6,190 14,282 6,376 14,596 6,636 14,900 7,008 15,348 Graduate Tuition: Resident Non-Resident 4,028 9,446 4,814 11,238 5,612 12,686 6,173 13,697 6,420 14,244 6,962 15,100 7,084 15,392 7,298 15,726 7,596 16,052 8,026 16,534 Full Room & Board 4,410 4,652 5,030 5,273 5,519 5,741 6,280 6,790 6,980 7,140 Total for an Undergraduate Resident Student 7,850 8,770 9,946 10,660 11,121 11,853 12,470 13,166 13,616 14,148 Tuition and fees are set annually by the Board of Regents. Other fees for which a student may be charged include laboratory fees, parking permits and other fees pertaining to the student's course of study. 10 UNIVERSITY OF NORTHERN IOWA Cedar Falls, Iowa 50614 Residence (Dormitory) System Data Fall, 2001 Through Fall, 2010 Minimum Design Capacity Fall, 2001 Fall, 2002 Fall, 2003 Fall, 2004 Fall, 2005 Fall, 2006 Fall, 2007 Fall, 2008 Fall, 2009 Fall, 2010 4,923 4,925 4,922 4,917 4,662 4,609 4,609 4,609 4,609 4,612 Occupancy 4,613 4,121 3,818 3,742 3,898 4,041 4,177 4,372 4,369 4,428 Percent Occupied 93.7% 83.7% 77.6% 76.1% 83.6% 87.7% 90.6% 94.9% 94.8% 96.0% Double Room Rate 4,410 4,652 5,030 5,273 5,519 5,741 6,268 6,790 6,960 7,120 Percent Increase 5.98% 5.49% 8.13% 4.83% 4.67% 4.02% 9.18% 8.33% 2.50% 2.30% Note: Double room rate includes a $10.00 residence hall activity fee assessed all students each semester. 11 UNIVERSITY OF NORTHERN IOWA Cedar Falls, Iowa 50614 Grants and Contracts Expenditures 2000-01 Through 2009-10 Fiscal Year Expenditures 2000-01 2001-02 2002-03 2003-04 2004-05 2005-06 2006-07 2007-08 2008-09 2009-10 24,812,433 27,672,451 26,901,071 27,316,387 28,471,518 27,301,163 30,003,325 31,184,200 36,358,154 41,413,487 12 Percent Change 4.5% 11.5% -2.8% 1.5% 4.2% -4.1% 9.9% 3.9% 16.6% 13.9% UNIVERSITY OF NORTHERN IOWA Cedar Falls, Iowa 50614 Academic Building Revenue Bonds Bonds Issued and Outstanding As of December 7, 2010 Series 1994 (Refunding) (1) $ Amount Principal Balance Issued Repaid Outstanding 2,180,000 1,340,000 840,000 Series 1994 (2) 9,201,461 7,964,559 1,236,902 Series 1996 (Refunding) (3) 7,600,000 5,745,000 1,855,000 Series 2002 (Refunding) (4) 4,890,000 2,675,000 2,215,000 Series 2003 (Refunding) (5) 8,465,000 4,155,000 4,310,000 Series 2003A (Refunding) (6) 4,225,000 3,235,000 990,000 Series 2005 (Refunding) (7) 5,110,000 1,500,000 3,610,000 Series 2005 (8) 12,800,000 400,000 12,400,000 Series 2007 (9) 8,000,000 300,000 7,700,000 Series 2008 (10) 12,000,000 - 12,000,000 Series 2009 (11) 13,860,000 - 13,860,000 88,331,461 27,314,559 61,016,902 $ Notes: (1) Purpose: To provide funds to refund Academic Building Revenue Project Notes, Series UNI 1991. (2) Purpose: To provide funds to construct, equip and improve a Wellness/Recreation Center and replace and equip the Price Laboratory School Field House, and fund fire safety and deferred maintenance projects on campus. (3) Purpose: To provide funds to refund the Academic Building Revenue Bonds, Series UNI 1988. (4) Purpose: To provide funds to refund the Academic Building Revenue Bonds, Series UNI 1991. (5) Purpose: To provide funds to refund the Academic Building Revenue Bonds, Series UNI 1992 and UNI 1993. (6) Purpose: To provide funds to refund the Academic Building Revenue Refunding Bonds, Series UNI 1993 (Refunding). (7) Purpose: To provide funds to refund the Academic Building Revenue Refunding Bonds, Series UNI 1995. (8) Purpose: To provide funds to renovate and equip the University's Science Buildings and Russell Hall. (9) Purpose: To provide funds to renovate and equip the University's Science Buildings and Russell Hall. (10) Purpose: To provide funds to renovate and equip the Electrical Distribution Loop System Phase II, Sabin Hall, and deferred maintenance projects. (11) Purpose: To provide funds to renovate and equip the Electrical Distribution Loop System, Sabin Hall, fire and environmental safety, deferred maintenance, and campus security improvements. 13 UNIVERSITY OF NORTHERN IOWA Cedar Falls, Iowa 50614 Academic Building Revenue Bonds Bonds Retired As of December 7, 2010 Amount Issued Principal Repaid Balance Outstanding Series 1971 (1) $3,330,000 3,330,000 - Series 1972 (2) 3,500,000 3,500,000 - Series 1977 (3) 8,775,000 8,775,000 - Series 1981 (4) 5,315,000 5,315,000 - Series 1983 (5) 8,515,000 8,515,000 - Series 1987 (Refunding) (6) 5,250,000 5,250,000 - Series 1987 (7) 6,000,000 6,000,000 - Series 1988 (8) 8,200,000 8,200,000 - Series 1991 (9) 5,530,000 5,530,000 - Series 1992 (Refunding) (10) 5,975,000 5,975,000 - Series 1993 (Refunding) (11) 6,520,000 6,520,000 - Series 1992 (12) 3,900,000 3,900,000 - Series 1993 (13) 7,440,000 7,440,000 - Series 1995 (14) 5,810,000 5,810,000 - $84,060,000 84,060,000 - Notes: (1) Purpose: To pay the cost of construction of a Classroom and Office Building (Education), construction of Biological Research and Small Animal Building, and equipment for Education Center Unit #1. (2) Purpose: To pay the cost of construction of Library - Phase 2, for general remodeling, and general utilities costs. (3) Purpose: To pay the cost of construction of a coal-fired boiler replacement and auxiliaries, and miscellaneous general utility and remodeling projects. (4) Purpose: To provide for the completion of a turbine generator, energy and fire safety programs, renovations on an academic building, and various campus utility projects. (5) Purpose: To provide funds for the construction and equipping of a Communication Arts Center. The debt was extinguished by the Series 1992 Academic Building Refunding Bonds. (6) Purpose: To provide funds to advance refund the Series 1981 Academic Building Revenue Bonds. (7) Purpose: To provide initial funding for the construction and equipping of a Classroom and Office Building (School of Business), renovation of Latham Hall, and acquisition of instructional, research and computation equipment. (8) Purpose: To provide funding for the construction and equipping of a Classroom and Office Building (School of Business) and renovation of Latham Hall. (9) Purpose: To provide funding to remodel and equip Seerley Hall and for fire safety projects. (10) Purpose: To provide funds to advance refund the Series 1983 Academic Building Revenue Bonds. (11) Purpose: To provide funds to advance refund the Series 1987 Academic Building Revenue Bonds. (12) Purpose: To provide funds to defray cost of fire and environmental safety improvements, deferred maintenance, equipment and utility projects. (13) Purpose: To provide funds for constructing, furnishing and equipping a fourth floor addition to the Donald O. Rod Library. (14) Purpose: To provide funds to construct, equip and improve a Wellness/Recreation Center and replace and equip the Price Laboratory School Field House, and fund fire safety and deferred maintenance projects on campus. 14 UNIVERSITY OF NORTHERN IOWA Cedar Falls, Iowa 50614 Academic Building Revenue Bonds Ratio of Available Tuition to Debt Service 2000-01 Through 2009-10 Fiscal Year Pledged General Fund Tuition Maximum Debt Service (1) 2000-01 2001-02 2002-03 2003-04 2004-05 2005-06 2006-07 2007-08 2008-09 2009-10 36,506,393 39,935,066 47,670,082 54,446,783 57,835,715 58,158,455 61,801,075 63,770,724 67,272,293 71,581,019 5,199,878 5,135,068 4,294,025 4,824,025 4,772,450 5,391,685 5,900,854 6,287,353 7,116,493 7,116,493 Maximum Debt Service Ratio (2) 7.02 7.78 11.10 11.29 12.12 10.79 10.47 10.14 9.45 10.06 to 1 to 1 to 1 to 1 to 1 to 1 to 1 to 1 to 1 to 1 (1) Legal Coverage = 1.25 of Maximum Debt Service Requirements (2) Maximum Debt Service is defined as the largest sum of principal and interest payable in any subsequent fiscal year. 15 UNIVERSITY OF NORTHERN IOWA Cedar Falls, Iowa 50614 Long-Term Debt - Residence System As of December 7, 2010 Amount Issued Principal Repaid 14,040,000 9,535,000 9,210,000 4,255,000 37,040,000 3,495,000 4,580,000 2,200,000 10,275,000 Balance Outstanding Dormitory Revenue Bonds Series 2000 Series 2002 Series 2003 Series 2010 $ $ 10,545,000 4,955,000 7,010,000 4,255,000 26,765,000 Residence System Revenue Bonds were issued for the construction, renovation and equipping of residence halls, food service buildings and apartment housing. The Dormitory Revenue Bonds mature on July 1, 2024. They are payable solely from net rents, profits, and income of the entire Dormitory System. Debt service in 2009-10 was $3,297,321. Net rents, profits, and income amounted to $11,576,377. (3.43 x maximum debt service). Legal Coverage = 1.35 of maximum debt service: $3,377,590. Maximum Debt Service is defined as the largest sum of principal and interest payable in any subsequent fiscal year. June 30, 2010 fund balances were as follows: Bond Reserve Fund, $3,377,590; Improvement Fund, $4,204,889; Operating Fund, $2,031,043; and Surplus Fund, $5,599,961. Dormitory Revenue Bonds Retired Amount Issued Principal Repaid 6,250,000 3,050,000 6,200,000 9,145,000 7,000,000 31,645,000 6,250,000 3,050,000 6,200,000 9,145,000 7,000,000 31,645,000 Balance Outstanding Dormitory Revenue Bonds Series 1964 Series 1965-C Series 1967-C Series 1992 Series 1999 $ $ 16 - UNIVERSITY OF NORTHERN IOWA Cedar Falls, Iowa 50614 Long-Term Debt - Field House As of December 7, 2010 Amount Issued Principal Repaid Balance Outstanding Field House Revenue Bonds Series 2001 Series 2004 Series 2005 (Refunding) $ $ 5,625,000 10,000,000 7,465,000 23,090,000 1,740,000 3,805,000 1,685,000 7,230,000 3,885,000 6,195,000 5,780,000 15,860,000 The Series 2001 bonds were issued to make other repairs to the Field House System. The Series 2004 bonds were issued for the construction of the McLeod Center. The 2005 bonds were issued to refund the 1997 issuance. The bonds are payable from operating income, a Field House Student Fee and interest income. Legal coverage = 1.20 of Annual Debt Service Requirements. Legal coverage is defined as Net Income plus System Fund Balance divided by annual debt service. Debt service in 2009-10 was $1,623,618. Net Revenues were $1,760,240, System Fund Balance was $8,637,600 (6.40 x annual debt service). June 30, 2010 fund balances were as follows: Bond Reserve Fund, $2,320,091; Operating Fund, $29,374; and Surplus Fund, $8,637,600. Field House Revenue Bonds Retired Amount Issued Principal Repaid Balance Outstanding Field House Revenue Bonds Series 1997 $ 9,150,000 9,150,000 - The Series 1997 bonds were issued on July 1, 1997 to replace the air-supported roof and make other improvements to the Field House System. 17 UNIVERSITY OF NORTHERN IOWA Cedar Falls, Iowa 50614 Long-Term Debt - Student Union As of December 7, 2010 Amount Issued Principal Repaid Balance Outstanding Student Union Revenue Bonds Series 2002 $ 12,755,000 3,840,000 8,915,000 The Series 2002 bonds were issued on March 14, 2002 to expand the Student Union. The bonds are payable from operating income and a Student Union Student Fee. Legal coverage = 1.20 of Annual Debt Service Requirements. Legal coverage is defined as Net Income plus System Fund Balance divided by annual debt service. Debt service in 2009-10 was $995,812. Net Revenues were $1,504,804, System Fund Balance was $2,906,677 (4.43 x annual debt service). June 30, 2010 fund balances were as follows: Bond Reserve Fund, $1,008,750; Operating Fund, ($42,377); and Surplus Fund, $2,906,677. 18 UNIVERSITY OF NORTHERN IOWA Cedar Falls, Iowa 50614 Long-Term Debt - Student Health System As of December 7, 2010 Amount Issued Principal Repaid Balance Outstanding Student Health System Revenue Bonds Series 2004 $ 3,875,000 900,000 2,975,000 The Series 2004 bonds were issued on March 1, 2004 to expand the Student Health Center The bonds are payable from operating income and a Student Health Fee. Legal coverage = 1.20 of Annual Debt Service Requirements. Legal coverage is defined as Net Income plus System Fund Balance divided by annual debt service. Debt service in 2009-10 was $281,374. Net Revenues were $587,228, System Fund Balance was $2,130,044 (9.67 x annual debt service). June 30, 2010 fund balances were as follows: Bond Reserve Fund, $289,980; Operating Fund, ($104,443); and Surplus Fund, $2,130,044. 19 UNIVERSITY OF NORTHERN IOWA Cedar Falls, Iowa 50614 Debt Service Requirements - Bond Issues As of December 7, 2010 Year Ended June 30 Academic Buildings Total Residence System Total 6,709,992.50 6,905,282.52 6,339,697.52 6,127,827.50 6,492,947.50 3,888,102.50 4,044,267.50 4,108,155.00 4,208,387.50 4,225,335.00 3,781,597.50 3,800,350.00 3,799,831.26 3,773,006.26 3,767,456.26 3,765,625.00 3,807,237.50 2,066,000.00 2,046,000.00 2,048,500.00 2,072,250.00 2,066,000.00 2,081,000.00 2,046,000.00 2,063,250.00 3,234,672.50 3,229,066.25 3,250,316.25 3,255,522.50 3,259,445.00 3,277,795.00 3,286,977.50 3,288,050.00 2,526,625.00 2,533,630.00 2,044,050.00 724,125.00 722,775.00 - 1,623,532.52 1,626,625.02 1,626,685.02 1,628,907.52 1,633,156.26 1,634,301.26 1,636,763.76 1,636,270.00 1,638,170.00 1,645,922.50 1,645,760.00 1,646,835.00 594,280.00 600,300.00 - 993,195.00 999,182.50 998,300.00 995,710.00 1,001,040.00 999,080.00 1,000,000.00 1,002,750.00 1,003,500.00 1,007,250.00 1,008,750.00 1,008,000.00 - 281,573.76 281,623.76 281,353.76 280,578.76 284,278.76 282,343.76 285,031.26 282,087.50 283,687.50 284,667.50 285,180.00 289,980.00 288,760.00 287,100.00 - 12,842,966.28 13,041,780.05 12,496,352.55 12,288,546.28 12,670,867.52 10,081,622.52 10,253,040.02 10,317,312.50 9,660,370.00 9,696,805.00 8,765,337.50 7,469,290.00 5,405,646.26 4,660,406.26 3,767,456.26 3,765,625.00 3,807,237.50 2,066,000.00 2,046,000.00 2,048,500.00 2,072,250.00 2,066,000.00 2,081,000.00 2,046,000.00 2,063,250.00 $ 96,034,098.82 34,633,050.00 20,817,508.86 12,016,757.50 3,978,246.32 167,479,661.50 Required Debt Service Reserve $ 6,905,282.52 3,377,589.83 2,320,090.83 1,008,750.00 289,980.00 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 2033 2034 2035 Field House Total 20 Student Union Total Student Health Total Grand Total UNIVERSITY OF NORTHERN IOWA Cedar Falls, Iowa 50614 Debt Service Requirements - Capital Lease Issues As of December 7, 2010 Year Ended June 30 Human Performance Complex Total 2011 2012 2013 2014 2015 2016 292,990.51 292,990.52 292,990.51 292,990.52 292,990.52 292,990.52 $ 1,757,943.10 21 UNIVERSITY OF NORTHERN IOWA Statement of Net Assets June 30, 2010 and 2009 2010 2009 24,230,377 16,157,724 6,236,478 2,045,647 866,630 6,964,356 4,271,122 3,541,302 100,000 64,413,636 44,972,353 33,676,186 8,322,108 2,161,889 1,108,761 5,114,359 4,057,191 2,603,077 90,000 102,105,924 Noncurrent Assets Investments Accounts receivable, net Loans receivable, net Prepaid expenses Debt issuance costs Capital assets, Nondepreciable Capital assets, Depreciable Accumulated depreciation Total Noncurrent Assets Total Assets 102,522,631 835,923 8,182,586 169,395 1,527,974 20,846,646 523,748,478 (213,060,287) 444,773,346 509,186,982 54,311,223 1,453,017 8,647,557 135,497 1,571,452 28,506,329 488,145,250 (201,520,674) 381,249,651 483,355,575 LIABILITIES Current Liabilities Accounts payable Salaries and wages payable Compensated absences payable Unpaid claims Unearned revenue Accrued interest payable Long-term debt Deposits Other current liabilities Total Current Liabilities 15,871,991 490,409 4,209,500 1,757,248 3,942,356 3,516,663 11,518,353 3,031,048 43,378 44,380,946 14,626,092 710,876 4,706,600 2,063,548 4,323,910 3,202,957 6,924,268 2,631,450 55,252 39,244,953 5,755,372 5,214,539 9,487,410 117,217,620 2,596,071 140,271,012 184,651,958 5,930,260 4,764,368 9,384,190 124,480,973 917,000 145,476,791 184,721,744 219,729,638 205,106,280 615,895 615,895 408,280 2,900,751 102,040 22,812,820 1,167,705 76,797,895 324,535,024 273,782 2,817,087 429,081 23,780,195 317,353 65,294,158 298,633,831 ASSETS Current Assets Cash and cash equivalents Investments Accounts receivable, net Loans receivable, net Interest receivable Due from governmental agencies Prepaid expenses Inventories Other assets Total Current Assets $ Noncurrent Liabilities Accounts payable Compensated absences payable Refundable advances on student loans Long-term debt Net OPEB liability Total Noncurrent Liabilities Total Liabilities NET ASSETS Invested in capital assets, net of related debt Restricted Nonexpendable Scholarships and fellowships Expendable Scholarships and fellowships Loans Capital projects Debt service Other Unrestricted Total Net Assets $ 22 UNIVERSITY OF NORTHERN IOWA Statement of Revenues, Expenses, and Changes in Net Assets Years Ended June 30, 2010 and 2009 2010 2009 60,664,817 111,554 42,493,448 7,687,525 2,868,615 55,193,227 169,019,186 60,034,123 241,941 36,708,661 5,774,668 607,771 54,859,014 158,226,178 EXPENSES Operating Expenses Instruction Research Public service Academic support Student services Institutional support Operation and maintenance of plant Scholarships and fellowships Depreciation Loan cancellations and write-offs Auxiliary enterprises Total Operating Expenses 71,168,267 2,507,353 31,497,042 23,894,367 6,205,098 26,713,928 20,177,365 6,760,209 14,461,097 172,245 48,447,239 252,004,210 76,484,933 1,793,393 31,097,013 22,729,813 7,076,945 29,348,125 22,185,917 5,712,482 13,975,476 513,815 50,077,862 260,995,774 Operating (Loss) (82,985,024) (102,769,596) NONOPERATING REVENUES (EXPENSES) State appropriations Gifts, grants and contracts Investment return Interest expense Amortization expense Miscellaneous expense Net Nonoperating Revenues (Expenses) Income/(Loss) Before Other Revenues 97,861,782 3,332,794 2,990,195 (6,274,646) (109,855) (6,850) 97,793,420 14,808,396 101,686,218 3,384,744 (611,282) (5,742,508) (101,839) (22,289) 98,593,044 (4,176,552) OTHER REVENUES Capital appropriations Capital contributions and grants Total Other Revenues Change in Net Assets 5,927,801 5,164,996 11,092,797 25,901,193 5,751,912 9,845,582 15,597,494 11,420,942 298,633,831 287,212,889 324,535,024 298,633,831 REVENUES Operating Revenues Tuition and fees (net of scholarship allowances of $21,202,125 for 2010, $17,226,327 for 2009) Receipts from other entities Grants and contracts Sales, rents and services Miscellaneous Auxiliary enterprises Total Operating Revenues $ NET ASSETS Net assets, beginning of year $ Net assets, end of year 23 UNIVERSITY OF NORTHERN IOWA Statement of Cash Flows Years Ended June 30, 2010 and 2009 2010 2009 61,066,780 39,578,270 1,707,448 55,645,317 (137,805,278) (26,105,646) (6,619,827) (1,124,592) (48,154,232) 10,589,847 (19,088,226) (70,310,139) 59,489,868 35,115,041 1,701,435 54,604,940 (139,096,089) (23,158,978) (5,677,191) (1,164,380) (49,803,897) 6,449,515 (16,368,411) (77,908,147) CASH FLOWS FROM NON CAPITAL FINANCING ACTIVITIES State appropriations William D. Ford direct lending and plus loans receipts William D. Ford direct lending and plus loans made Agency receipts Agency payments Non capital gifts Net Cash Provided by Non Capital Financing Activities 97,785,246 75,223,613 (75,260,230) 2,504,663 (2,351,151) 2,859,498 100,761,639 100,803,526 71,935,392 (71,992,902) 2,763,540 (2,841,757) 3,751,194 104,418,993 CASH FLOWS FROM CAPITAL AND RELATED FINANCING ACTIVITIES Capital appropriations received Capital gifts and grants received Acquisition of capital assets Proceeds from sale of capital assets Principal paid on capital debt Interest paid on capital debt Proceeds from capital debt Other capital and related financing receipts Other capital and related financing payments Net Cash Used by Capital and Related Financing Activities 5,927,801 5,824,887 (25,359,070) (6,924,268) (5,967,042) 4,232,304 935,487 (759,349) (22,089,250) 7,635,287 13,253,424 (29,382,120) 200,000 (6,724,458) (5,902,270) 13,724,912 86,129 (7,109,096) 2,250,817 101,690,775 (133,045,818) (29,104,226) 2,571,971 66,354,108 (72,136,544) (3,210,465) (20,741,976) 16,191,285 44,972,353 28,781,068 24,230,377 44,972,353 CASH FLOWS FROM OPERATING ACTIVITIES Tuition and fees Grants and contracts receipts Collections of loans from students Auxiliary enterprise receipts Payments for salaries and benefits Payments for goods and services Scholarships Loans issued to students Auxiliary enterprise payments Other operating receipts Other operating payments Net Cash Used by Operating Activities $ CASH FLOWS FROM INVESTING ACTIVITIES Interest and dividends on investments Proceeds from sale and maturities of investments Purchase of investments Net Cash Used by Investing Activities NET INCREASE IN CASH AND CASH EQUIVALENTS CASH AND CASH EQUIVALENTS, BEGINNING OF YEAR CASH AND CASH EQUIVALENTS, END OF YEAR $ 24 UNIVERSITY OF NORTHERN IOWA Statement of Cash Flows Years Ended June 30, 2010 and 2009 2010 2009 RECONCILIATION OF OPERATING LOSS TO NET CASH USED BY OPERATING ACTIVITIES Operating loss $ Adjustments to reconcile operating loss to net cash used by operating activities: Depreciation Increase/(Decrease) in compensated absences (Increase)/Decrease in accounts receivable (Increase)/Decrease in loans receivable (Increase)/Decrease in due from governmental agencies (Increase)/Decrease in inventories (Increase)/Decrease in prepaid expenses (Increase)/Decrease in other assets Increase/(Decrease) in accounts payable Increase/(Decrease) in salaries and wages payable Increase/(Decrease) in unearned revenue Increase/(Decrease) in other liabilities Net Cash Used By Operating Activities $ (82,985,024) (102,769,596) 14,461,097 (46,929) 469,781 581,213 (1,867,865) (938,225) (234,818) 247,814 717,849 (128,377) (381,286) (205,369) 13,975,476 637,276 (648,749) 1,468,503 1,102,041 (168,175) 642,337 (151,158) 10,646,241 234,737 (2,465,231) (411,849) (70,310,139) (77,908,147) Noncash Capital, Financing and Investing Activities: Equipment with a fair market value of $22,800 in 2010 and $20,000 in 2009 was donated to the University Bond issuance costs of $28,800 in 2010 and $162,726 in 2009 were deducted from the bond proceeds. These costs were capitalized and will be amortized over the debt repayment period A net unrealized gain increased the fair market value of the University's investments $837,359 in 2010 and a net unrealized loss decreased the fair market value $2,146,468 in 2009. 25 UNIVERSITY OF NORTHERN IOWA Cedar Falls, Iowa 50614 Staff Statistics (Excluding Student Employees) May, 2005 through May, 2010 . -----2005----Full Part Time Time 1. General Operating Fund a. Teaching and Research Staff b. Administrative Staff c. Clerical/Secretarial Staff d. Technical Staff e. Craftsmen & Custodial Staff f. Security Staff Total General Operating Fund 2. Other Fund Groups Grand Total -----2006----Full Part Time Time -----2007----Full Part Time Time -----2008----Full Part Time Time -----2009----Full Part Time Time -----2010----Full Part Time Time 629 302 170 17 123 12 179 17 29 1 1 1 636 281 163 16 124 11 175 19 31 1 1 1 606 284 161 17 124 12 181 21 30 1 1 - 614 287 164 20 126 11 190 25 29 1 2 2 630 326 168 17 127 14 204 18 27 1 2 1 599 318 164 14 117 14 182 17 23 1 1 1,253 228 1,231 228 1,204 234 1,222 249 1,282 253 1,226 224 515 115 516 116 526 129 511 124 503 131 491 142 1,768 343 1,747 344 1,730 363 1,733 373 1,785 384 1,717 366 26 UNIVERSITY OF NORTHERN IOWA Cedar Falls, Iowa 50614 Highest Degrees Held by Faculty (All Persons of Faculty Rank) Fall, 2001 through Fall, 2010 Ph.D. Ed.S. MA/MS B.A./B.S. Total _________ _________ __________ _________ _________ Fall, 2001 Fall, 2002 Fall, 2003 Fall, 2004 Fall, 2005 Fall, 2006 Fall, 2007 Fall, 2008 Fall, 2009 Fall, 2010 61.2% 62.1% 67.7% 65.0% 63.0% 63.6% 64.3% 59.4% 62.6% 62.9% 0.2% 0.1% 0.1% 0.1% 0.4% 0.2% 0.4% 0.2% 0.2% 0.2% 33.5% 33.3% 28.6% 30.6% 29.6% 30.5% 30.5% 33.0% 31.7% 31.1% 5.1% 4.5% 3.6% 4.3% 7.0% 5.7% 4.8% 7.4% 5.5% 5.8% 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% Period of Appointment (All Persons of Faculty Rank) Fall, 2001 through Fall, 2010 Tenure Probation Temporary Term Total _________ _________ __________ _________ _________ Fall, 2001 Fall, 2002 Fall, 2003 Fall, 2004 Fall, 2005 Fall, 2006 Fall, 2007 Fall, 2008 Fall, 2009 Fall, 2010 50.7% 52.5% 54.6% 56.8% 53.8% 56.3% 56.6% 54.1% 57.7% 56.2% 20.5% 20.3% 22.2% 17.9% 17.4% 16.1% 15.0% 15.4% 15.7% 14.8% 27 24.4% 23.5% 20.2% 20.7% 23.0% 22.7% 23.6% 25.8% 21.7% 24.1% 4.4% 3.7% 3.0% 4.6% 5.8% 4.9% 4.8% 4.7% 4.9% 4.9% 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% UNIVERSITY OF NORTHERN IOWA Cedar Falls, IA 50614 Collective Bargaining Status As of October 31, 2010 Number End of Dues Percent Bargaining Bargaining Employees Current Paying Paying Unit Agent Represented Contract Members Dues ____________________ ____________________ ___________ ______________ _________ __________ Faculty United Faculty 720 June 30, 2011 160 22.2% Regents Merit System AFSCME-Clerical AFSCME-Blue Collar AFSCME-Security AFSCME-Technical 212 256 18 23 June 30, 2011 June 30, 2011 June 30, 2011 June 30, 2011 72 155 12 10 34.0% 60.5% 66.7% 43.5% AFSCME-Total 509 28 249 University of Northern Iowa Notes to Financial Statements June 30, 2010 RETIREMENT PROGRAMS Teachers Insurance and Annuity Association - The University contributes to the Teachers Insurance and Annuity Association (TIAA) retirement program, which is a defined contribution plan. TIAA administers the retirement plan for the University. The defined contribution retirement plan provides individual annuities for each plan participant. The Board of Regents, State of Iowa establishes and amends the plan’s provision and contribution requirements. As required by the Board of Regents, State of Iowa policy, all eligible University employees must participate in a retirement plan from the date they are employed. Contributions made by both employer and employee vest immediately. As specified in the contract with TIAA, each employee through the fifth year of employment contributes 3 1/3% of the first $4,800 of earnings and 5% on the balance of earnings. The University, through the fifth year of employment, is required to contribute 6 2/3% of the first $4,800 of earnings and 10% on earnings above $4,800. Upon completion of five years of service, the participant contributes 5% and the University 10% on all earnings. The Board of Regents, State of Iowa has approved a temporary reduction of the University required contribution from November 2009 through June 2011. During this period of time, the University, through the fifth year of employment, is required to contribute 5 1/3% of the first $4,800 of earnings and 8% on earnings above $4,800. Upon completion of five years of service, the University is required to contribute 8% on all earnings. During fiscal years 2010 and 2009, the University's required and actual contribution amounted to $9,084,297 and $10,537,041, respectively. During fiscal years 2010 and 2009, the employees' required and actual contribution amounted to $5,020,759 and $5,243,856, respectively. Iowa Public Employees’ Retirement System - The University contributes to the Iowa Public Employees’ Retirement System (IPERS), which is a cost-sharing multiple-employer defined benefit pension plan administered by the State of Iowa. IPERS provides retirement and death benefits, which are established by State statute to plan members and beneficiaries. IPERS issues a publicly available financial report that may be obtained by writing to IPERS, P.O. Box 9117, Des Moines, Iowa 50306-9117. Plan members were required to contribute 4.3% of their annual covered salary and the University was required to contribute 6.65% of annual covered payroll for the year ended June 30, 2010. For the years ended June 30, 2009, and 2008, plan members were required to contribute 4.1% and 3.9%, respectively, of the annual covered salary and the University was required to contribute 6.35% and 6.05%, respectively, of annual covered payroll. Contribution requirements are established by State statute. The University's contribution to IPERS for the years ended June 30, 2010, 2009, and 2008 were $614,811, $543,437 and $446,185, respectively, equal to the annual required contributions. 29 UNIVERSITY OF NORTHERN IOWA Cedar Falls, Iowa 50614 Schedule of State Appropriations Year Ended June 30, 2011 and the Four Previous Years 2006-07 2007-08 2008-09 2009-10 2010-11 General Educational Fund $ Recycling & Reuse Transfer Center Economic Development Real Estate Education Biomass Production Project Math & Science Education Collaborative R & D School Engineering Study Amer. Recov. & Reinv. Act (ARRA) South West Iowa Continuing Educ Playground Safety Grow Iowa Values Fund Battelle Salaries & Platform 84,388,563 211,858 361,291 120,000 330,000 105,956 500,000 950,000 1,820,000 92,495,485 219,279 578,608 160,000 108,698 950,000 - 95,792,085 220,430 583,393 157,600 3,940,000 110,018 767,858 - 80,385,388 181,858 483,699 130,022 3,250,549 31,500 12,376,464 90,766 855,000 - 79,005,927 181,858 610,674 130,022 1,800,000 90,766 729,600 - $ 88,787,668 94,512,070 101,571,384 97,785,246 82,548,847 $ 4,203,324 1,360,000 3,000,000 - 4,809,614 235,000 5,777,429 - 5,927,801 - 5,905,407 - $ 8,563,324 5,044,614 5,777,429 5,927,801 5,905,407 Note Operating Appropriations: 3 3 1,3 3 2 3 Capital Appropriations: Tuition Replacement Battelle Vertical Infrastructure Electrical Distribution Loop System MyEntre.net Equipment 4,5 3 3 3 Notes: 1. American Recovery and Reinvestment Act funds appropriated to the State of Iowa. Iowa General Assembly appropriated funds to the University. 2. $950,000 appropriation for ten years. Reallocations have been made by the Board of Regents for University of Iowa flood relief. 3. One-time funding. 4. Appropriation to Board of Regents. Allocated based on institutional need. 5. In F08 and F09 in lieu of making capital appropriations, the Iowa General Assembly granted permission to sell Academic Building Revenue Bonds for renovations of Science Buildings, Russell Hall, and Sabin Hall, as well as the Electrical Distribution Loop System Phase II project, and deferred maintenance projects. There were no capital appropriations in F10. 30 UNIVERSITY OF NORTHERN IOWA FOUNDATION Combined Statements of Financial Position June 30, 2010 and 2009 2010 ASSETS Cash and cash equivalents Investments Pledges receivable, net Interest receivable Other receivables Prepaid expenses Life insurance cash value Donated assets Building and equipment, net LIABILITIES AND NET ASSETS LIABILITIES Accounts payable, accrued expenses and other liabilities Pledges payable Annuities payable Annuity trusts payable Unitrusts payable $ 298,879 66,916,851 8,476,225 2,711 41,430 6,778 1,138,992 99,485 1,065,049 299,106 59,429,038 6,129,480 23,514 27,893 21,467 1,063,995 95,813 1,160,229 $ 78,046,400 68,250,535 $ 433,921 1,503,882 1,891,937 981,236 602,964 5,413,940 743,150 2,331,827 1,719,784 1,017,440 727,162 6,539,363 2,703,416 27,219,907 42,709,137 72,632,460 (1,685,504) 23,063,517 40,333,159 61,711,172 78,046,400 68,250,535 NET ASSETS Unrestricted Temporarily restricted, as restated Permanently restricted, as restated $ 31 2009 (Restated) UNIVERSITY OF NORTHERN IOWA FOUNDATION Combined Statements of Activities Year Ended June 30, 2010 Temporarily Restricted Net Assets Unrestricted Net Assets Revenue, support and classifications: Contribution revenue Investment return Miscellaneous income Reclassifications attributed to underwater endowments Fees and donor redesignations Net assets released from restrictions $ Total revenue, support and reclassifications Expenses and Adjustments: Scholarship expenses Programming expenses Administrative expenses Fundraising expenses Bad debt adjustments Depreciation expense Present value liability actuarial adjustment 8,336,797 2,889,157 101,890 (402,442) 881,174 6,227,008 402,442 (923,740) (6,227,008) Change in net assets Net assets, beginning of year, as restated $ Total Net Assets 2,207,910 565,204 - 14,240,782 8,114,770 413,230 42,566 - - 15,373,564 4,579,538 2,815,680 22,768,782 2,288,804 5,857,501 992,247 1,736,534 14,378 95,180 439,193 - 100,666 - 2,288,804 5,857,501 992,247 1,736,534 554,237 95,180 (16,045) 339,036 322,991 10,984,644 423,148 439,702 11,847,494 4,388,920 4,156,390 2,375,978 10,921,288 (1,685,504) 23,063,517 40,333,159 61,711,172 2,703,416 27,219,907 42,709,137 72,632,460 - Total expenses and adjustments Net assets, end of year 3,696,075 4,660,409 311,340 Permanently Restricted Net Assets 32 UNIVERSITY OF NORTHERN IOWA FOUNDATION Combined Statements of Activities Year Ended June 30, 2009 (Restated) Temporarily Restricted Net Assets Unrestricted Net Assets Revenue, support and classifications: Contribution revenue Investment return Miscellaneous income Reclassifications attributed to underwater endowments Fees and donor resdesignations Net assets released from restrictions $ Total revenue, support and reclassifications Expenses and Adjustments: Scholarship expenses Programming expenses Administrative expenses Fundraising expenses Bad debt adjustments Depreciation expense Present value liability actuarial adjustment Change in net assets Net assets, beginning of year, as restated Net assets, end of year $ Total Net Assets 927,991 (3,606,773) 143,604 5,330,331 (10,821,252) 94,910 2,613,494 (749,591) 25,082 (3,224,330) 1,501,094 8,059,419 3,224,330 (1,292,008) (8,059,419) (209,086) - 3,801,005 (11,523,108) 1,679,899 (6,042,204) (64,792) - 32,839 - 3,023,767 5,311,893 937,470 1,873,998 (32,259) 109,828 - (5,223) 224,478 219,255 11,256,650 (70,015) 257,317 11,443,952 (7,455,645) (11,453,093) 1,422,582 (17,486,156) 5,770,141 34,516,610 38,910,577 79,197,328 (1,685,504) 23,063,517 40,333,159 61,711,172 3,023,767 5,311,893 937,470 1,873,998 (306) 109,828 Total expenses and adjustments Permanently Restricted Net Assets 33 8,871,816 (15,177,616) 263,596 - UNIVERSITY OF NORTHERN IOWA Cedar Falls, Iowa 50614 UNI Foundation-Statements of Activities Information Ten Years Ended June 30, 2010 2000-01 2001-02 2002-03 2003-04 2004-05 2005-06 2006-07 2007-08 2008-09 2009-10 Public Support Revenue 15,690,466 14,223,301 7,632,693 10,028,353 9,602,331 8,612,375 8,682,789 14,357,954 8,871,816 14,240,782 (3,848,382) (3,712,600) 795,903 8,693,381 5,462,740 8,000,324 10,990,294 (2,186,131) (14,914,020) 8,528,000 Total 11,842,084 10,510,701 8,428,596 18,721,734 15,065,071 16,612,699 19,673,083 12,171,823 (6,042,204) 22,768,782 UNIVERSITY OF NORTHERN IOWA Cedar Falls, Iowa 50614 UNI Foundation-Statements of Financial Position Information Ten Years Ended June 30, 2010 Net Assets Liabilities Assets 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 65,038,963 67,830,385 68,697,596 80,276,129 86,213,841 83,501,092 88,830,577 88,251,749 68,250,535 78,046,400 4,231,693 4,085,486 3,602,280 18,767,030 20,439,439 9,899,375 11,014,996 9,054,421 6,539,363 5,413,940 60,807,270 63,744,899 65,095,316 61,509,099 65,774,402 73,601,717 77,815,581 79,197,328 61,711,172 72,632,460 The UNI Foundation signed a contract in February 2004 to transfer $17,000,000 of gifts for the McLeod Center to the University. Amendments to the original contract were signed on October 29, 2004, September 15, 2005, May 5, 2006, August 9, 2006 and May 25, 2007 in the amounts of $2,660,000, $1,165,000, $500,000, $250,000, and $150,000, respectively. The total transfers will be $21,725,000. As of June 30, 2010, $20,255,805 has been paid to the University. The UNI Foundation signed a contract in October 2006 to transfer $2,500,000 of gifts for the Human Performance Complex to the University. As of June 30, 2010, $2,419,155 has been paid to the University. The UNI Foundation signed a contract in May 2007 to transfer $2,000,000 of gifts for Russell Hall Renovation to the University. As of June 30, 2010, the agreement was paid in full to the University. 34 UNIVERSITY OF NORTHERN IOWA Cedar Falls, Iowa 50614 UNI Foundation-Analysis of Alumni Giving Ten Years Ended June 30, 2010 Fiscal Year __________ Total Living Alumni __________ Total Solicitable Alumni __________ Amount Contributed __________ Alumni Contributing _________ Average Contribution __________ Percent of Living Alumni Making Contributions ____________ Percent of Solicitable Alumni Making Contributions ____________ 2000-01 86,094 73,011 $3,208,943 10,948 $293.11 12.7% 15.0% 2001-02 86,719 80,911 $3,593,133 10,407 $345.26 12.0% 12.9% 2002-03 88,019 80,937 $3,192,418 10,261 $311.12 11.7% 12.7% 2003-04 89,617 84,738 $4,089,987 9,881 $413.92 11.0% 11.7% 2004-05 90,797 86,883 $4,141,475 11,343 $365.11 12.5% 13.1% 2005-06 93,116 89,287 $4,277,838 11,823 $361.82 12.7% 13.2% 2006-07 94,906 91,272 $3,978,347 12,482 $318.73 13.2% 13.7% 2007-08 96,843 93,187 $5,355,525 11,779 $454.67 12.2% 12.6% 2008-09 99,128 95,231 $3,511,517 11,267 $311.66 11.4% 11.8% 2009-10 101,198 97,190 $3,514,234 11,128 $315.80 11.0% 11.4% 35 UNIVERSITY OF NORTHERN IOWA Endowment Statistics Five Years Ended June 30, 2010 June 30, 2006 June 30, 2007 June 30, 2008 June 30, 2009 June 30, 2010 $48,453,961 11,016 $4,398.51 14.79% $56,949,765 10,835 $5,256.09 17.40% $56,110,747 11,107 $5,051.84 -3.81% $43,226,179 11,365 $3,803.45 -21.50% $50,033,967 11,571 $4,324.08 14.82% $9,359,376 11,016 $849.62 9.30% $10,303,005 10,835 $950.90 16.40% $8,895,992 11,107 $800.94 -8.30% $6,686,262 11,365 $588.32 -18.20% $6,954,419 11,571 $601.02 10.30% UNI Foundation Only: Endowment Assets at Market FTE Students (Fall Term) Per FTE Student Endowment Return University of Northern Iowa Only: Endowment Assets at Market FTE Students (Fall Term) Per FTE Student Endowment Return Combined: Endowment Assets at Market FTE Students (Fall Term) Per FTE Student $57,813,337 11,016 $5,248.12 $67,252,770 10,835 $6,206.99 Endowment balance includes True and Quasi-endowments. 36 $65,006,739 11,107 $5,852.77 $49,912,441 11,365 $4,391.77 $56,988,386 11,571 $4,925.10 UNIVERSITY OF NORTHERN IOWA Cedar Falls, Iowa 50614 Pell Grant Revenue 2000-01 Through 2009-10 Fiscal Year 2000-01 2001-02 2002-03 2003-04 2004-05 2005-06 2006-07 2007-08 2008-09 2009-10 Revenue 5,539,030 6,442,222 7,331,000 7,504,622 7,023,734 6,232,465 6,007,080 7,036,719 7,654,491 10,913,366 37 Percent Change 4.5% 16.3% 13.8% 2.4% -6.4% -11.3% -3.6% 17.1% 8.8% 42.6%