UNIVERSITY OF NORTHERN IOWA
CEDAR FALLS, IOWA 50614
GENERAL INFORMATION FOR BOND RATING AGENCIES
As of
December 14, 2009
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 Center
Debt Service Requirements - Bond Issues
Debt Service Requirements - Capital Lease Issues
Statement of Net
Statement
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 - Statement of Financial Position
UNI Foundation - Statement of Activities Current Year
UNI Foundation - Statement of Activities Prior Year
UNI Foundation - Statement of Activities Ten Year
UNI Foundation Analysis of Alumni Giving
Endowment Statistics
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
UNIVERSITY OF NORTHERN IOWA
Cedar Falls, Iowa 50614
Ten Year Headcount Enrollment Data
Fall 2000 Through Fall 2009
Student Level
2000
2001
2002
2003
2004
2005
2006
2007
2008
2009
Lower Division
5,495
5,425
5,112
4,619
4,363
4,433
4,427
4,719
4,865
4,841
Upper Division
6,723
7,049
7,170
7,155
6,857
6,519
6,275
6,291
6,182
6,453
Total Undergraduate
12,218
12,474
12,282
11,774
11,220
10,952
10,702
11,010
11,047
11,294
1,144
1,174
1,163
1,173
1,100
1,112
1,113
1,157
1,372
1,301
412
422
481
494
504
449
445
442
489
485
Masters
Advanced Graduate
Professional
Totals
NA
13,774
NA
14,070
NA
13,926
NA
13,441
NA
12,824
1
NA
12,513
NA
12,260
NA
12,609
NA
12,908
NA
13,080
UNIVERSITY OF NORTHERN IOWA
Cedar Falls, Iowa 50614
Ten Year Full-Time Equivalent (FTE) Enrollment Data
Fall 2000 Through Fall 2009
Student Level
2000
2001
2002
2003
2004
2005
2006
2007
2008
2009
Lower Division
4,813
4,807
4,417
3,953
3,761
3,914
3,904
4,107
4,346
4,281
Upper Division
5,883
6,053
6,256
6,251
5,966
5,798
5,632
5,649
5,573
5,829
91
81
88
79
68
89
87
100
94
93
10,787
10,941
10,761
10,283
9,795
9,801
9,623
9,856
10,013
10,203
Masters
845
888
839
863
893
933
945
998
1,080
1,098
Advanced Graduate
236
252
279
279
318
282
267
253
272
270
Unclassified
Total Undergraduate
Professional
Totals
NA
11,868
NA
12,081
NA
11,879
NA
11,425
NA
11,006
2
NA
11,016
NA
10,835
NA
11,107
NA
11,365
NA
11,571
UNIVERSITY OF NORTHERN IOWA
Cedar Falls, Iowa 50614
Ten Year Headcount Enrollment Projections
Fall 2010 Through Fall 2019 (with Fall 2009 Actual)
Student Level
Actual
2009
Lower Division
4,841
4,692
4,666
4,583
4,507
4,474
4,480
4,508
4,543
4,582
4,566
Upper Division
6,453
6,706
6,664
6,587
6,540
6,471
6,399
6,359
6,353
6,373
6,405
Total Undergraduate
11,294
11,398
11,330
11,170
11,047
10,945
10,879
10,867
10,896
10,955
10,971
1,786
1,703
1,642
1,597
1,564
1,540
1,522
1,509
1,499
1,492
1,487
Graduate
Professional
Totals
NA
13,080
2010
NA
13,101
2011
NA
12,972
2012
2013
NA
12,767
NA
12,611
3
2014
NA
12,485
2015
NA
12,401
2016
NA
12,376
2017
NA
12,395
2018
NA
12,447
2019
NA
12,458
UNIVERSITY OF NORTHERN IOWA
Cedar Falls, Iowa 50614
Freshman Class Data
Fall 2000 Through Fall 2009
2000
2001
2002
2003
2004
2005
2006
2007
2008
2009
Number of Freshmen
Applications
4,970
4,688
4,446
4,350
4,216
4,360
4,585
4,722
4,584
4,133
Number of Freshmen
Accepted
4,066
3,786
3,554
3,518
3,360
3,422
3,572
3,759
3,841
3,505
Percent of Freshmen
Applicants Accepted
81.8%
80.8%
79.9%
80.9%
79.7%
78.5%
77.9%
79.6%
83.8%
84.8%
Number of Freshmen
Enrolled
2,263
2,104
1,865
1,785
1,700
1,737
1,768
1,991
2,015
1,946
Percent of Accepted
Freshmen Enrolled
55.7%
55.6%
52.5%
50.7%
50.6%
50.8%
49.5%
53.0%
52.5%
55.5%
Average ACT Score
23.0
22.9
22.8
22.9
22.9
22.8
23.0
23.0
22.9
23.0
Average SAT Score
1043
1060
1014
1078
1058
1088
1104
1095
1029
1103
Percent of Freshmen
In Upper 50% of
High School Class
91.4%
90.5%
89.9%
89.3%
89.6%
89.5%
88.7%
89.3%
85.4%
76.4%
Percent of Freshmen
In Upper 30% of
High School Class
59.1%
58.0%
57.0%
58.4%
57.4%
56.7%
57.5%
53.8%
50.6%
52.3%
Percent of Freshmen
In Upper 20% of
High School Class
40.6%
38.6%
37.5%
38.6%
38.5%
39.1%
37.6%
36.1%
37.7%
36.0%
Percent of Freshmen
In Upper 10% of
High School Class
18.7%
18.1%
17.9%
19.1%
19.1%
19.0%
18.2%
17.6%
16.6%
16.9%
Freshmen one-year
Retention Rate
84.0%
81.4%
80.6%
81.4%
80.9%
82.1%
82.3%
83.7%
82.3%
N/A
4
UNIVERSITY OF NORTHERN IOWA
Cedar Falls, Iowa 50614
Graduate Student Data
Fall 2000 Through Fall 2009
2000
2001
2002
2003
2004
2005
873
837
803
867
902
938
1,093
1,143
1,159
1,166
Number of Graduate
Students Accepted
Percentage
663
75.9%
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%
Number of Graduate
Students Enrolled
Percentage
365
55.1%
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%
Number of Graduate
Student Applications
5
2006
2007
2008
2009
UNIVERSITY OF NORTHERN IOWA
Cedar Falls, Iowa 50614
Transfer Student Data
Fall 2000 Through Fall 2009
2000
2001
2002
2003
2004
2005
2006
2007
2008
2009
Number of Transfer
Student Applications
2,229
2,205
2,048
1,882
1,855
2,019
1,980
1,932
1,896
1,822
Number of Transfer
Students Accepted
Percentage
1,604
72.0%
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%
Number of Transfer
Students Enrolled
Percentage
1,167
72.8%
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%
6
UNIVERSITY OF NORTHERN IOWA
Cedar Falls, Iowa 50614
Geographical Distribution of Students
Fall, 2009
--Iowa Residents-Number
Percent
Freshman Class Only
1,820
93.5%
--Iowa Residents-Number
Percent
---Residents of-----Other States--Number
Percent
101
5.2%
---Residents of-----Other States--Number
Percent
--Foreign Students-Number
Percent
25
1.3%
--Foreign Students-Number
Percent
-----Total----Number
Percent
1,946
100.0%
-----Total----Number
Percent
Total Enrollment:
Undergraduates
Graduates
10,469
1,427
92.7%
79.9%
541
190
4.8%
10.6%
284
169
2.5%
9.5%
11,294
1,786
100.0%
100.0%
11,896
90.9%
731
5.6%
453
3.5%
13,080
100.0%
7
UNIVERSITY OF NORTHERN IOWA
Cedar Falls, Iowa 50614
Full-Time/Part-Time Split of Students on a Headcount Basis
Fall, 2000 through Fall, 2009
--Undergraduate-------Students-----
-----Graduate--------Students----
-------Total----------Students-----
Full
Time
Full
Time
Full
Time
Part
Time
Part
Time
Part
Time
Fall, 2000
89.8%
10.2%
35.3%
64.7%
83.7%
16.3%
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%
8
UNIVERSITY OF NORTHERN IOWA
Cedar Falls, Iowa 50614
Four, Five and Six Year Graduation Percentages
For Freshmen classes entering Fall, 1995 through Fall, 2005
Graduating in
Four Years
Graduating in
Five Years or less
Graduating in
Six Years or less
Fall, 1995
30.1%
58.8%
64.2%
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
Fall,
32 3%
32.3%
60 0%
60.0%
65 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%
Fall, 2005
35.7%
Freshman class entering:
9
UNIVERSITY OF NORTHERN IOWA
Cedar Falls, Iowa 50614
Cost of Tuition and Mandatory Fees Per Academic Year
2000-01 through 2009-10
2000-01 2001-02 2002-03 2003-04 2004-05 2005-06 2006-07 2007-08 2008-09 2009-10
Undergraduate Tuition:
Resident
Non-Resident
$
3,130
8,094
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
6,736
15,000
Graduate Tuition:
Resident
Non-Resident
3,676
8,732
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
7,696
16,152
Full Room & Board
4,161
4,410
4,652
5,030
5,273
5,519
5,741
6,280
6,790
6,980
Total for an Undergraduate
Resident Student
7,291
7,850
8,770
9,946
10,660
11,121
11,853
12,470
13,166
13,716
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.
g
, State of Iowa approved
pp
g for the Spring,
p g, 2010 semester on December 10,, 2009.
The Board of Regents,
a $100 tuition surcharge
10
UNIVERSITY OF NORTHERN IOWA
Cedar Falls, Iowa 50614
Residence (Dormitory) System Data
Fall, 2000 Through Fall, 2009
Minimum
Design
Capacity
Fall, 2000
Fall, 2001
Fall, 2002
Fall, 2003
Fall, 2004
Fall, 2005
Fall, 2006
Fall, 2007
Fall, 2008
Fall, 2009
4,921
4,923
4,925
4,922
4,917
4,662
4,609
4,609
4,609
4,609
Occupancy
4,616
4,613
4,121
3,818
3,742
3,898
4,041
4,177
4,372
4,369
Percent
Occupied
93.8%
93.7%
83.7%
77.6%
76.1%
83.6%
87.7%
90.6%
94.9%
94.8%
Double
Room
Rate
4,161
4,410
4,652
5,030
5,273
5,519
5,741
6,268
6,790
6,960
Percent
Increase
5.99%
5.98%
5.49%
8.13%
4.83%
4.67%
4.02%
9.18%
8.33%
2.50%
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
1999-00 Through 2008-09
Fiscal
Year
Expenditures
1999-00
2000-01
2001-02
2002-03
2003-04
2004-05
2005-06
2006-07
2007-08
2008-09
23,746,365
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
12
Percent
Change
24.4%
4.5%
11.5%
-2.8%
1.5%
4.2%
-4.1%
9.9%
3.9%
16.6%
UNIVERSITY OF NORTHERN IOWA
Cedar Falls, Iowa 50614
Academic Building Revenue Bonds
Bonds Issued and Outstanding
As of December 14, 2009
Series 1994 (Refunding) (1)
$
Amount
Principal
Balance
Issued
Repaid
Outstanding
2,180,000
1,200,000
980,000
Series 1994 (2)
9,201,461
7,432,929
1,768,532
Series 1996 (Refunding) (3)
7,600,000
5,180,000
2,420,000
Series 2002 (Refunding) (4)
4,890,000
2,285,000
2,605,000
Series 2003 (Refunding) (5)
8,465,000
3,400,000
5,065,000
Series 2003A (Refunding) (6)
4,225,000
2,770,000
1,455,000
Series 2005 (Refunding) (7)
5,110,000
1,195,000
3,915,000
Series 2005 (8)
12,800,000
250,000
12,550,000
Series 2007 (9)
8,000,000
200,000
7,800,000
Series 2008 (10)
12,000,000
-
12,000,000
Series 2009 (11)
13,860,000
-
13,860,000
88,331,461
23,912,929
64,418,532
$
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 14, 2009
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,
Building and equipment for Education Center Unit #1.
#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 Needs
1999-00 Through 2008-09
Fiscal
Year
Pledged
General
Fund
Tuition
Maximum
Debt
Service (1)
1999-00
2000-01
2001-02
2002-03
2003-04
2004-05
2005-06
2006-07
2007-08
2008-09
34,170,521
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
5,199,878
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
Maximum
Debt Service
Ratio (2)
6.57
7.02
7.78
11.10
11.29
12.12
10.79
10.47
10.14
9.45
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 14, 2009
Amount
Issued
Principal
Repaid
7,000,000
14,040,000
9,535,000
9,210,000
39,785,000
2,350,000
2,820,000
4,070,000
1,795,000
11,035,000
Balance
Outstanding
Dormitory Revenue Bonds
Series 1999
Series 2000
Series 2002
Series 2003
$
$
4,650,000
11,220,000
5,465,000
7,415,000
28,750,000
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 2008-09 was
$3,285,136. Net rents, profits, and income amounted to $10,539,558. (3.15 x maximum
debt service). Legal Coverage = 1.35 of maximum debt service: $3,347,123 (2016-17).
Maximum Debt Service is defined as the largest sum of principal and interest payable
in any subsequent fiscal year.
June 30, 2009 fund balances were as follows: Bond Reserve Fund, $3,512,502;
Improvement Fund, $3,641,373; Operating Fund, $1,902,609; and Surplus Fund,
$5,029,974.
Dormitory Revenue Bonds Retired
Amount
Issued
Principal
Repaid
6,250,000
3,050,000
6,200,000
9,145,000
24,645,000
6,250,000
3,050,000
6,200,000
9,145,000
24,645,000
Balance
Outstanding
Dormitory Revenue Bonds
Series 1964
Series 1965-C
Series 1967-C
Series 1992
$
$
16
-
UNIVERSITY OF NORTHERN IOWA
Cedar Falls, Iowa 50614
Long-Term Debt - Field House
As of December 14, 2009
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
1,495,000
3,470,000
1,310,000
6,275,000
4,130,000
6,530,000
6,155,000
16,815,000
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
g coverage
g = 1.20 of Annual Debt Service Requirements.
q
Legal
g coverage
g is
defined as Net Income plus System Fund Balance divided by annual debt service.
Debt service in 2008-09 was $1,617,255. Net Revenues were $1,872,779, System
Fund Balance was $6,626,522 (5.26 x annual debt service).
June 30, 2009 fund balances were as follows: Bond Reserve Fund, $2,320,091; Operating
Fund, $11,780; and Surplus Fund, $6,626,522.
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 14, 2009
Amount
Issued
Principal
Repaid
Balance
Outstanding
Student Union Revenue Bonds
Series 2002
$ 12,755,000
3,295,000
9,460,000
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 2008-09 was $991,613. Net Revenues were $1,560,955, System
Fund Balance was $2,950,931 (4.55 x annual debt service).
June 30, 2009 fund balances were as follows: Bond Reserve Fund, $1,008,750; Operating
Fund, ($37,150); and Surplus Fund, $2,950,931.
18
UNIVERSITY OF NORTHERN IOWA
Cedar Falls, Iowa 50614
Long-Term Debt - Student Health Center
As of December 14, 2009
Amount
Issued
Principal
Repaid
Balance
Outstanding
Student Health Center Revenue Bonds
Series 2004
$ 3,875,000
740,000
3,135,000
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 Center 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 2008-09 was $281,024. Net Revenues were $534,156, System
Fund Balance was $1,897,576 (8.65 x annual debt service).
June 30, 2009 fund balances were as follows: Bond Reserve Fund, $289,980; Operating
Fund, ($7,289); and Surplus Fund, $1,897,576.
19
UNIVERSITY OF NORTHERN IOWA
Cedar Falls, Iowa 50614
Debt Service Requirements - - Bond Issues
As of December 14, 2009
Year
Ended
June 30
Academic
Buildings
Total
Residence
System
Total
7,116,493.13
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
2 048 500 00
2,072,250.00
2,066,000.00
2,081,000.00
2,046,000.00
2,063,250.00
3,280,803.75
3,293,603.75
3,281,246.25
3,304,376.25
3,310,582.50
3,319,732.50
3,327,292.50
3,347,122.50
3,343,125.00
2,597,462.50
2,599,042.50
2,044,050.00
724,125.00
722,775.00
-
1,623,617.52
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
-
995,812.50
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
-
281,373.76
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
-
13,298,100.66
12,901,897.53
13,093,960.05
12,550,412.55
12,343,606.28
12,731,155.02
10,131,120.02
10,313,185.02
10,372,387.50
9,731,207.50
9,762,217.50
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
2 048 500 00
2,072,250.00
2,066,000.00
2,081,000.00
2,046,000.00
2,063,250.00
$ 103,150,591.95
38,495,340.00
22,441,126.38
13,012,570.00
4,259,620.08
181,359,248.41
3,512,502.33
2,320,090.83
1,008,750.00
289,980.00
2010
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
Required
Debt Service
Reserve
$
7,116,493.13
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 14, 2009
Year
Ended
June 30
Human
Performance Complex
Total
2010
2011
2012
2013
2014
2015
2016
292,990.52
292,990.51
292,990.52
292,990.51
292,990.52
292,990.52
292,990.52
$
2,050,933.62
21
UNIVERSITY OF NORTHERN IOWA
Statement of Net Assets
June 30, 2009 and 2008
2009
2008
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
28,781,068
24,497,922
9,215,679
2,455,590
963,027
7,342,161
4,947,406
2,434,902
90,000
80,727,755
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
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
61,268,643
2,245,740
9,822,359
18,305
1,449,417
18,002,782
472,779,540
(190,293,696)
375,293,090
456,020,845
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
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
9,805,604
464,234
4,646,950
2,020,105
6,816,660
3,335,081
6,724,458
2,820,465
117,680
36,751,237
5,930,260
4,764,368
9,384,190
124,480,973
917,000
145,476,791
184,721,744
29,537
4,186,742
9,839,199
117,545,241
456,000
132,056,719
168,807,956
205,106,280
194,237,507
615,895
615,895
273,782
2,817,087
429,081
23,780,195
317,353
65,294,158
298,633,831
339,801
2,995,792
4,575,646
20,911,901
845,572
62,690,775
287,212,889
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, 2009 and 2008
REVENUES
Operating Revenues
Tuition and fees (net of scholarship allowances of
$17,226,327 for 2009, $15,870,780 for 2008)
Receipts from other entities
Grants and contracts
Sales, rents and services
Miscellaneous
Auxiliary enterprises
Total Operating Revenues
$
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
Operating (Loss)
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
OTHER REVENUES
Capital appropriations
Capital contributions and grants
Total Other Revenues
Change in Net Assets
NET ASSETS
Net assets, beginning of year
$
Net assets, end of year
23
2009
2008
60,034,123
241,941
36,708,661
5,774,668
607,771
54,859,014
158,226,178
57,523,347
143,924
32,073,018
7,420,630
720,116
50,176,930
148,057,965
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
72,605,101
2,454,770
24,184,724
22,050,064
6,558,084
20,230,830
21,396,250
4,884,137
13,291,606
251,886
49,043,443
236,950,895
(102,769,596)
(88,892,930)
101,686,218
3,384,744
(611,282)
(5,742,508)
(101,839)
(22,289)
98,593,044
(4,176,552)
95,363,638
2,600,605
1,687,404
(5,765,266)
(94,140)
(29,950)
93,762,291
4,869,361
5,751,912
9,845,582
15,597,494
11,420,942
5,018,136
4,117,894
9,136,030
14,005,391
287,212,889
273,207,498
298,633,831
287,212,889
UNIVERSITY OF NORTHERN IOWA
Statement of Cash Flows
Years Ended June 30, 2009 and 2008
2009
2008
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)
57,681,582
34,397,985
1,884,841
50,046,115
(133,010,159)
(20,406,450)
(4,846,691)
(2,841,140)
(48,878,357)
8,670,254
(17,470,130)
(74,772,150)
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
100,803,526
71,935,392
(71,992,902)
2,763,540
(2,841,757)
3,751,194
104,418,993
93,887,653
57,770,259
(57,749,604)
12,664,721
(10,937,025)
2,771,968
98,407,972
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
Net Cash Used by Capital and Related Financing Activities
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)
8,058,614
6,482,614
(28,760,980)
(7,864,487)
(4,758,486)
11,873,305
2,511,894
(12,457,526)
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
2,571,971
66,354,108
(72,136,544)
(3,210,465)
3,495,862
75,974,447
(84,873,150)
(5,402,841)
NET INCREASE IN CASH AND CASH EQUIVALENTS
16,191,285
5,775,455
CASH AND CASH EQUIVALENTS, BEGINNING OF YEAR
28,781,068
23,005,613
44,972,353
28,781,068
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 AND CASH EQUIVALENTS, END OF YEAR
$
24
UNIVERSITY OF NORTHERN IOWA
Statement of Cash Flows
Years Ended June 30, 2009 and 2008
2009
2008
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
$
(102,769,596)
(88,892,930)
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)
13,291,606
241,251
1,607,529
(661,912)
(330,500)
(97,216)
(1,046,190)
(51,609)
(1,119,139)
108,018
1,949,519
229,423
(77,908,147)
(74,772,150)
Noncash Capital, Financing and Investing Activities:
Equipment with a fair market value of $20,000 in 2009 and $5,777 in 2008 was donated to the University
Bond issuance costs of $$162,726 in 2009 and $$141,000 in 2008 were deducted from the bond proceeds.
These costs were capitalized and will be amortized over the debt repayment period
A net unrealized loss decreased the fair market value of the University's investments $2,146,468 in 2009
and $1,829,929 in 2008.
25
.
UNIVERSITY OF NORTHERN IOWA
Cedar Falls, Iowa 50614
Staff Statistics (Excluding Student Employees)
May, 2004 through May, 2009
-----2004----Full
Part
Time Time
1. General Operating Fund
a. Teaching and Research Staff
b. Administrative Staff
c. Library Professional Staff
d. Clerical/Secretarial Staff
e. Technical Staff
f. Craftsmen & Custodial Staff
g. Security Staff
Total General Operating Fund
2. Other Fund Groups
Grand Total
-----2005----Full
Part
Time Time
-----2006----Full
Part
Time Time
-----2007----Full
Part
Time Time
-----2008----Full Part
Time Time
-----2009----Full Part
Time Time
632
288
24
191
17
141
12
150
18
2
36
2
4
1
618
296
24
163
17
123
12
179
17
2
27
1
1
1
625
275
25
155
16
124
11
175
19
2
29
1
1
1
595
278
24
154
17
124
12
181
21
2
28
1
1
-
603
281
24
157
20
126
11
190
25
2
27
1
2
2
619
320
24
161
17
127
14
203
18
3
25
1
2
1
1,305
213
1,253
228
1,231
228
1,204
234
1,222
249
1,282
253
481
148
515
115
516
116
526
129
511
124
503
131
1,786
361
1,768
343
1,747
344
1,730
363
1,733
373
1,785
384
26
UNIVERSITY OF NORTHERN IOWA
Cedar Falls, Iowa 50614
Highest Degrees Held by Faculty (All Persons of Faculty Rank)
Fall, 2000 through Fall, 2009
Ph.D.
Ed.S.
MA/MS B.A./B.S.
Total
_________ _________ __________ _________ _________
Fall, 2000
Fall, 2001
Fall, 2002
Fall, 2003
Fall, 2004
Fall, 2005
Fall, 2006
Fall, 2007
Fall, 2008
Fall, 2009
59.7%
61.2%
62.1%
67.7%
65.0%
63.0%
63.6%
64.3%
59.4%
62.6%
0.2%
0.2%
0.1%
0.1%
0.1%
0.4%
0.2%
0.4%
0.2%
0.2%
35.3%
33.5%
33.3%
28.6%
30.6%
29.6%
30.5%
30.5%
33.0%
31.7%
4.8%
5.1%
4.5%
3.6%
4.3%
7.0%
5.7%
4.8%
7.4%
5.5%
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, 2000 through Fall, 2009
Tenure Probation Temporary
Term
Total
_________ _________ __________ _________ _________
Fall, 2000
Fall, 2001
Fall, 2002
Fall, 2003
Fall, 2004
Fall, 2005
Fall, 2006
Fall, 2007
Fall, 2008
Fall, 2009
49.8%
50.7%
52.5%
54.6%
56.8%
53.8%
56.3%
56.6%
54.1%
57.7%
22.0%
20.5%
20.3%
22.2%
17.9%
17.4%
16.1%
15.0%
15.4%
15.7%
27
23.7%
24.4%
23.5%
20.2%
20.7%
23.0%
22.7%
23.6%
25.8%
21.7%
4.5%
4.4%
3.7%
3.0%
4.6%
5.8%
4.9%
4.8%
4.7%
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 November 30, 2009
Number
End of
Dues
Percent
Bargaining
Bargaining
Employees
Current
Paying
Paying
Unit
Agent
Represented
Contract
Members
Dues
____________________ ____________________ ___________ ______________ _________ __________
Faculty
United Faculty
718
June 30, 2010
180
25.1%
Regents Merit System
AFSCME-Clerical
AFSCME-Blue Collar
AFSCME-Security
AFSCME-Technical
213
231
16
24
June 30, 2010
June 30, 2010
June 30, 2010
June 30, 2010
68
154
12
11
31.9%
66.7%
75.0%
45.8%
AFSCME-Total
484
28
245
University of Northern Iowa
Notes to Financial Statements
June 30, 2009
RETIREMENT PROGRAMS
Teachers Insurance and Annuity Association - The University of Northern Iowa contributes to the
Teachers Insurance and Annuity Association (TIAA) retirement program, a defined contribution plan
administered by TIAA. The 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 Board 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 contributes 3 1/3% of the first $4,800 of earnings and
5% on the balance of earnings through the fifth year of employment. Likewise, the University is required
to contribute 6 2/3% of the first $4,800 of earnings and 10% of earnings above the $4,800 through the fifth
year of employment. Upon completion of five years of service, the participant contributes 5% and the
University 10% of all earnings. During fiscal years 2009 and 2008, the University's required and actual
contributions amounted to $10,537,041 and $10,135,929, respectively. Employees' required and actual
contributions amounted to $5,243,856 and $5,005,931 for the same two fiscal periods.
The Board of Regents, State of Iowa reduced the University’s contribution to TIAA-CREF from 10% to
8% for the period November 1, 2009 through June 30, 2011.
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 are required to contribute 4.1% of their annual covered salary and the University is required
to contribute 6.35% of annual covered payroll for the year ended June 30, 2009. For the years ended
June 30, 2008, and 2007 plan members were required to contribute 3.9% and 3.7%, respectively, of the
annual covered salary and the University was required to contribute 6.05% and 5.75%, respectively, of
annual covered payroll. Contribution requirements are established by State statute.
The University's contribution to IPERS for the years ended June 30, 2009, 2008, and 2007 were $543,437,
$446,185 and $370,513, respectively, equal to the annual required contributions.
29
UNIVERSITY OF NORTHERN IOWA
Cedar Falls, Iowa 50614
Schedule of State Appropriations
Year Ended June 30, 2010
and the Four Previous Years
2005-06
2006-07
2007-08
2008-09
2009-10
82,908,587
105,956
118,200
500,000
-
84,987,104
105,956
116,775
500,000
950,000
1,000,000
820,000
93,757,980
108,698
950,000
-
100,693,508
110,018
767,858
-
79,490,501
90,766
855,000
-
$
83,632,743
88,479,835
94,816,678
101,571,384
80,436,267
$
4,377,424
2,000,000
-
4,203,324
1,360,000
3,000,000
-
4,809,614
235,000
5,777,429
-
5,059,719
-
$
6,377,424
8,563,324
5,044,614
5,777,429
5,059,719
Note
Operating Appropriations:
General Educational Fund
SW Iowa Continuing Educ
Real Estate Education
Playground Safety
Grow Iowa Value Fund
Battelle Salaries
Battelle Platform
$
1
2
3
4
4
Capital Appropriations:
Tuition Replacement
Gilchrist Fire
Battelle Infrastructure
Electrical Distribution Loop
My Entrenet Equipment
Notes:
1. $4,000,000 added for IMSEP Initiative. $1,020,000 reduction on November 21st. $1,548,937 reduction by Executive
Order on December 18.
2. From real estate licensing fees to an appropriation beginning F2008.
3. $190,000 of UNI's $950,000 appropriation reallocated by BOR for flood relief.
4. One-time funding.
5. Appropriation to Board of Regents. Allocated based on institutional need.
6. Appropriation to cover fire insurance deductible.
7. 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.
30
5
6
4
UNIVERSITY OF NORTHERN IOWA FOUNDATION
Combined Statements of Financial Position
June 30, 2009 and 2008
2009
ASSETS
Current Assets
Cash and cash equivalents
Investments
Pledges receivable, net
Interest receivable
Other receivables
Prepaid expenses
Total Current Assets
$
2008
299,106
15,981,420
2,186,846
23,514
27,893
21,467
18,540,246
2,114,358
21,858,081
3,250,106
40,659
124,669
31,272
27,419,145
Pledges receivable, less current portion
Long-term investments
Life insurance cash value
Donated assets
Building and equipment, net
Total Assets
3,942,634
43,447,618
1,063,995
95,813
1,160,229
68,250,535
3,621,390
54,834,065
987,427
119,665
1,270,057
88,251,749
LIABILITIES AND NET ASSETS
Current Liabilities
Accounts payable and other liabilities
Pledge payable, current
Total Current Liabilities
743,150
878,814
1,621,964
226,048
2,876,939
3,102,987
Pledge payable, less current portion
Annuities payable
Annuity trusts payable
Unitrusts payable
Total
T t l Liabilities
Li biliti
1,453,013
1,719,784
1,017,440
727,162
6,539,363
6 539 363
2,245,740
1,873,294
1,080,149
752,251
9,054,421
9 054 421
(2,374,567)
24,840,966
39,244,773
61,711,172
68,250,535
6,159,062
34,127,689
38,910,577
79,197,328
88,251,749
Net Assets
Unrestricted
Temporarily Restricted
Permanently Restricted
Total Net Assets
Total Liabilities and Net Assets
$
31
UNIVERSITY OF NORTHERN IOWA FOUNDATION
Combined Statements of Activities
Year Ended June 30, 2009
Revenue, Support and
Reclassifications:
Contribution revenue
Investment return
Miscellaneous income
Redesignation of funds
Reclassifications attributed to
underwater endowments
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
Temporarily
Restricted
Net Assets
Permanently
Restricted
Net Assets
Total
Net Assets
926,891
(4,363,602)
143,604
1,317,713
5,676,285
(10,827,593)
94,930
622,533
2,268,640
13,579
25,062
(1,940,246)
8,871,816
(15,177,616)
263,596
-
(3,182,059)
3,182,059
-
-
8,269,395
(8,269,395)
-
-
3,111,942
(9,521,181)
367,035
(6,042,204)
(64,792)
-
32,839
-
3,023,767
5,311,893
937,470
1,873,998
(32,259)
109,828
3,023,767
5,311,893
937,470
1,873,998
(306)
109,828
Total Expenses and Adjustments
Change in Net Assets
Net Assets, beginning of year
Net asset reclassification
based on law change
-
219 255
219,255
-
219 255
219,255
11,256,650
154,463
32,839
11,443,952
334,196
(17,486,156)
(8,144,708)
(9,675,644)
6,159,062
34,127,689
38,910,577
79,197,328
388,921
-
-
5,770,141
34,516,610
38,910,577
79,197,328
(2,374,567)
24,840,966
39,244,773
61,711,172
(388,921)
Restated Net Assets, beginning of year
Net Assets, end of year
Unrestricted
Net Assets
$
32
UNIVERSITY OF NORTHERN IOWA FOUNDATION
Combined Statements of Activities
Year Ended June 30, 2008
Revenue, Support and
Reclassifications:
Contribution revenue
Investment return
Miscellaneous income
Redesignation of funds
Reclassifications attributed to
underwater endowments
Net assets released from
restrictions
$
Unrestricted
Net Assets
Temporarily
Restricted
Net Assets
Permanently
Restricted
Net Assets
Total
Net Assets
672,677
(147,144)
4,778
1,514,554
9,062,031
(2,035,876)
282,275
(1,428,610)
4,623,246
(290,789)
625
(85,944)
14,357,954
(2,473,809)
287,678
-
-
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
-
-
9,266,416
(1,341,731)
4,247,138
12,171,823
7,008
-
2,646,762
4,030,200
1,152,654
1,887,146
41,538
117,355
Net Assets, end of year
$
35,015
-
-
(100 522)
(100,522)
1 014 943
1,014,943
914 421
914,421
9,833,632
(65,507)
1,021,951
10,790,076
(1,276,224)
3,225,187
1,381,747
6,726,278
35,403,913
35,685,390
77,815,581
-
-
-
-
6,726,278
35,403,913
35,685,390
77,815,581
6,159,062
34,127,689
38,910,577
79,197,328
Net asset reclassification
based on law change
Restated Net Assets, beginning of year
-
(7,221,551)
(567,216)
Net Assets, beginning of year
-
7,221,551
2,646,762
4,030,200
1,152,654
1,887,146
(485)
117,355
Total Expenses and Adjustments
-
33
UNIVERSITY OF NORTHERN IOWA
Cedar Falls, Iowa 50614
UNI Foundation-Statement of Activities Information
Ten Years Ended June 30, 2009
1999-00
2000-01
2001-02
2002-03
2003-04
2004-05
2005-06
2006-07
2007-08
2008-09
Public
Support
Revenue
10,673,099
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
6,404,807
(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)
Total
17,077,906
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)
UNIVERSITY OF NORTHERN IOWA
Cedar Falls, Iowa 50614
UNI Foundation-Statement of Financial Position Information
Ten Years Ended June 30, 2009
Net
Assets
Liabilities
Assets
2000
2001
2002
2003
2004
2005
2006
2007
2008
2009
60,439,453
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
4,083,590
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
56,355,863
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
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, 2009,
$19,669,981 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, 2009, $2,126,165 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, 2009, 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, 2009
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
____________
1999-00
84,500
67,175
$3,245,320
11,787
$275.33
13.9%
17.5%
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
94,906
91 272
91,272
$3 978 347
$3,978,347
12 482
12,482
$318 73
$318.73
13 2%
13.2%
13 7%
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%
35
UNIVERSITY OF NORTHERN IOWA
Endowment Statistics
Five Years Ended June 30, 2009
June 30, 2005
June 30, 2006
June 30, 2007
June 30, 2008
June 30, 2009
$41,394,017
11,006
$3,761.04
$48,453,961
11,016
$4,398.51
$56,949,765
10,835
$5,256.09
$56,110,747
11,107
$5,051.84
$37,086,545
11,365
$3,263.22
$10,437,202
11,006
$948.32
$9,359,376
11,016
$849.62
$10,303,005
10,835
$950.90
$8,895,992
11,107
$800.94
$6,686,262
11,365
$588.32
$51,831,219
11,006
$4,709.36
$57,813,337
11,016
$5,248.12
$67,252,770
10,835
$6,206.99
$65,006,739
11,107
$5,852.77
$43,772,807
11,365
$3,851.54
UNI Foundation Only:
Endowment Assets at Market
FTE Students (Fall Term)
Per FTE Student
University of Northern Iowa Only:
Endowment Assets at Market
FTE Students (Fall Term)
Per FTE Student
Combined:
Endowment Assets at Market
FTE Students (Fall Term)
Per FTE Student
Endowment balance includes True and Quasi-endowments.
Quasi endowments
36