Finance 2014-15
Institution: University of North Carolina Wilmington (199218)
User ID: P1992181
Overview
Finance Overview
Purpose
The purpose of the IPEDS Finance component is to collect basic financial information from items associated with the
institution's General Purpose Financial Statements.
There are changes made to the 2014-15 Finance data collection from the 2013-14 collection. The finance form for
private for-profit schools have been revised to make it more comparable with the finance public and private not-forprofit forms.
Resources:
To download the survey materials for this component: Survey Materials
To access your prior year data submission for this component: Reported Data
If you have questions about completing this survey, please contact the IPEDS Help Desk at 1-877-225-2568.
Institution: University of North Carolina Wilmington (199218)
User ID: P1992181
Finance - Public institutions
Reporting Standard
Please indicate which reporting standards are used to prepare your financial statements:
GASB (Governmental Accounting Standards Board), using standards of GASB 34 & 35
FASB (Financial Accounting Standards Board)
Please consult your business officer for the correct response before saving this screen. Your response to this
question will determine the forms you will receive for reporting finance data.
Institution: University of North Carolina Wilmington (199218)
User ID: P1992181
Finance - Public institutions
General Information
GASB-Reporting Institutions (aligned form)
To the extent possible, the finance data requested in this report should be provided from your institution's audited
General Purpose Financial Statements (GPFS). Please refer to the instructions specific to each screen of the survey for
details and references.
1. Fiscal Year Calendar
This report covers financial activities for the 12-month fiscal year: (The fiscal year reported should be the most
recent fiscal year ending before October 1, 2014.)
Beginning: month/year (MMYYYY)
Month: 7
Year: 2013
And ending: month/year (MMYYYY)
Month: 6
Year: 2014
2. Audit Opinion
Did your institution receive an unqualified opinion on its General Purpose Financial Statements from your auditor for the
fiscal year noted above? (If your institution is audited only in combination with another entity, answer this question based
on the audit of that entity.)
Unqualified
Don't know
Qualified
(Explain in
(Explain in
box below)
box below)
3. Reporting Model
GASB Statement No. 34 offers three alternative reporting models for special-purpose governments like colleges and
universities. Which model is used by your institution?
Business Type Activities
Governmental Activities
Governmental Activities with Business-Type Activities
4. Intercollegiate Athletics
If your institution participates in intercollegiate athletics, are the expenses accounted for as auxiliary enterprises or
treated as student services?
Auxiliary enterprises
Student services
Does not participate in intercollegiate athletics
Other (specify in box below)
5. Endowment Assets
Does this institution or any of its foundations or other affiliated organizations own endowment assets ?
Yes - (report endowment assets)
No
You may use the space below to provide context for the data you've reported above.
Institution: University of North Carolina Wilmington (199218)
User ID: P1992181
Part A - Statement of Financial Position
Most recent fiscal year ending before October 2014
If your institution is a parent institution then the amounts reported in Parts A and D should include ALL of your
child institutions
Line no.
01
31
04
05
06
07
08
09
10
11
12
13
14
15
16
17
18
Current year amount
Current Assets
Total current assets
Noncurrent Assets
Depreciable capital assets, net of depreciation
Other noncurrent assets
CV=[A05-A31]
Total noncurrent assets
Total assets
CV=(A01+A05)
Current Liabilities
Long-term debt, current portion
Other current liabilities
CV=(A09-A07)
Total current liabilities
Noncurrent Liabilities
Long-term debt
Other noncurrent liabilities
CV=(A12-A10)
Total noncurrent liabilities
Total liabilities
CV=(A09+A12)
Net Assets
Invested in capital assets, net of related debt
Restricted-expendable
Restricted-nonexpendable
Unrestricted
CV=[A18-(A14+A15+A16)]
Total net assets
CV=(A06-A13)
Prior year amount
121,736,990
103,164,866
475,507,167
111,496,182
458,132,369
133,814,382
587,003,349
591,946,751
708,740,339
695,111,617
6,944,171
12,423,898
6,419,599
11,367,497
19,368,069
17,787,096
230,356,027
13,867,239
233,174,253
16,923,131
244,223,266
250,097,384
263,591,335
267,884,480
260,491,504
38,085,095
45,850,210
100,722,195
272,634,426
17,908,070
65,774,320
70,910,321
445,149,004
427,227,137
You may use the space below to provide context for the data you've reported above.
Institution: University of North Carolina Wilmington (199218)
User ID: P1992181
Part A - Statement of Financial Position (Page 2)
Most recent fiscal year ending before October 2014
Line No. Description
Ending balance
Prior year
Ending balance
Capital Assets
21
22
23
32
27
28
33
34
Land and land improvements
Infrastructure
Buildings
Equipment, including art and library collections
Construction in progress
Total for Plant, Property and Equipment
CV = (A21+ .. A27)
Accumulated depreciation
Intangible assets, net of accumulated amortization
Other capital assets
9,263,459
43,125,046
566,719,330
40,582,289
1,634,724
661,324,848
6,258,371
41,862,852
536,070,288
42,044,115
30,512,848
656,748,474
173,238,123
160,171,566
0
0
You may use the space below to provide context for the data you've reported above.
Institution: University of North Carolina Wilmington (199218)
User ID: P1992181
Part E - Scholarships and Fellowships
Most recent fiscal year ending before October 2014
DO NOT REPORT FEDERAL DIRECT STUDENT LOANS (FDSL) ANYWHERE IN THIS SECTION
Line
No.
01
02
03
04
05
06
07
08
09
10
11
Scholarships and Fellowships
Pell grants (federal)
Other federal grants (Do NOT include FDSL amounts)
Grants by state government
Grants by local government
Institutional grants from restricted resources
Institutional grants from unrestricted resources
CV=[E07-(E01+...+E05)]
Total gross scholarships and fellowships
Current year
Prior year
amount
amount
15,019,986
14,494,144
331,630
310,758
7,669,066
9,004,375
0
2,314,840
2,137,283
14,997,619
14,106,979
Discounts and Allowances
Discounts and allowances applied to tuition and fees
Discounts and allowances applied to sales and services of
auxiliary enterprises
Total discounts and allowances
CV=(E08+E09)
Net scholarships and fellowships expenses after deducting
discounts and allowances
CV= (E07-E10) This amount will be carried forward to C10 of the
expense section.
You may use the space below to provide context for the data you've reported above.
40,333,141
40,053,539
16,439,024
5,567,083
16,485,028
5,907,270
22,006,107
22,392,298
18,327,034
17,661,241
Institution: University of North Carolina Wilmington (199218)
User ID: P1992181
Part B - Revenues and Other Additions
Most recent fiscal year ending before October 2014
Line No. Source of Funds
Operating Revenues
01
Tuition and fees, after deducting discounts & allowances
Grants and contracts - operating
02
Federal operating grants and contracts
03
State operating grants and contracts
04
Local government/private operating grants and contracts
04a Local government operating grants and contracts
04b Private operating grants and contracts
05
Sales and services of auxiliary enterprises,
after deducting discounts and allowances
06
Sales and services of hospitals,
after deducting patient contractual allowances
26
Sales and services of educational activities
07
Independent operations
08
Other sources - operating
CV=[B09-(B01+ ....+B07)]
09
Total operating revenues
Current year amount
Prior year amount
96,421,397
93,042,367
5,769,590
828,455
1,282,157
8,496,278
1,127,329
879,631
195,892
683,739
40,840,605
177,908
1,104,249
43,572,513
0
4,397,361
5,816,180
3,348,775
0
6,377,290
158,087,653
154,112,275
Institution: University of North Carolina Wilmington (199218)
User ID: P1992181
Part B - Revenues and Other Additions
Most recent fiscal year ending before October 2014
Line Source of funds
No.
Nonoperating Revenues
10 Federal appropriations
11 State appropriations
12 Local appropriations, education district taxes, and similar support
Grants-nonoperating
13 Federal nonoperating grants Do NOT include Federal Direct Student
Loans
14 State nonoperating grants
15 Local government nonoperating grants
16 Gifts, including contributions from affiliated organizations
17 Investment income
18 Other nonoperating revenues
CV=[B19-(B10+...+B17)]
19 Total nonoperating revenues
27 Total operating and nonoperating revenues CV=[B19+B09]
28 12-month Student FTE from E12
29 Total operating and nonoperating revenues per student FTE
CV=[B27/B28]
Current year
amount
Prior year
amount
97,601,950
0
96,878,528
0
23,359,488
24,323,132
3,339,055
11,050,574
822,120
0
0
2,973,079
8,748,696
621,946
136,173,187
294,260,840
13,306
22,115
133,545,381
287,657,656
13,112
21,939
Institution: University of North Carolina Wilmington (199218)
User ID: P1992181
Part B - Revenues and Other Additions
Most recent fiscal year ending before October 2014
Line No. Source of funds
Other Revenues and Additions
20
Capital appropriations
21
Capital grants and gifts
22
Additions to permanent endowments
23
Other revenues and additions
CV=[B24-(B20+...+B22)]
24
Total other revenues and additions
25
Total all revenues and other additions
CV=[B09+B19+B24]
Current year amount
Prior year amount
3,146,783
2,173,028
3,936,562
0
0
17,457,010
1,749,544
0
9,256,373
19,206,554
303,517,213
306,864,210
You may use the space below to provide context for the data you've reported above.
Institution: University of North Carolina Wilmington (199218)
User ID: P1992181
Part C - Expenses and Other Deductions
Line Description
No.
Expenses and Deductions
01 Instruction
02
03
05
06
07
08
10
11
12
13
14
19
20
21
Most recent fiscal year ending before October 2014
Report Total Operating AND Nonoperating Expenses in this section
1
2
3
4
5
6
Total
Salaries and Employee Operation
Depreciation Interest
amount
wages
fringe
and
benefits
maintenance
of plant
105,845,115
70,153,769 17,066,047
5,656,510
3,545,850
Research
12,684,236
5,078,968 1,115,926
Public service
3,529,920
1,391,938
321,349
Academic support
21,739,755
8,150,660 2,393,825
Student services
14,631,614
5,928,126 1,980,321
Institutional support
25,867,858 13,543,846 4,354,618
Operation and maintenance
0
9,677,981 3,746,850
of plant (see instructions)
Scholarships and fellowships 18,327,034
expenses, excluding
discounts and allowances
(from E11)
Auxiliary enterprises
81,883,988 11,641,443 3,375,941
Hospital services
Independent operations
Other expenses
216,874
0
0
and deductions
CV=[C19-(C01+...+C13)]
Total expenses and
284,726,394 125,566,731 34,354,877
deductions
Prior year amount
279,333,369 122,654,547 34,131,348
12-month Student FTE from
13,306
E12
Total expenses and
21,398
deductions per student
FTE CV=[C19/C20]
1,437,215
237,883
2,152,988
2,085,339
1,825,298
-25,834,965
900,935
149,120
1,349,626
1,307,219
1,144,209
12,439,732
0
0
You may use the space below to provide context for the data you've reported above.
7
All other
8
PY Total
Amount
9,422,939 103,121,126
775,277
27,466
3,375,915
1,402,164
7,692,656
3,330,609
4,999,887
150,106 12,260,028
15,176,285
3,815,569
21,011,759
13,862,032
27,028,440
0
18,327,034
17,661,241
7,797,992 10,529,161 36,099,719
0
0
0
0
216,874
76,734,565
0
0
922,352
16,194,951 11,482,010 97,127,825 279,333,369
14,585,939 10,761,013 97,200,522
13,112
21,304
Institution: University of North Carolina Wilmington (199218)
User ID: P1992181
Part D - Summary of Changes In Net Position
Most recent fiscal year ending before October 2014
Line No. Description
01
Total revenues and other additions (from B25)
02
Total expenses and deductions (from C19)
03
Change in net position during year
CV=(D01-D02)
Net position beginning of year
04
05
06
Adjustments to beginning net position and other gains or losses
CV=[D06-(D03+D04)]
Net position end of year (from A18)
Current year amount Prior year amount
303,517,213
306,864,210
284,726,394
279,333,369
18,790,819
27,530,841
426,358,185
0
399,696,296
445,149,004
427,227,137
You may use the space below to provide context for the data you've reported above.
0
Institution: University of North Carolina Wilmington (199218)
User ID: P1992181
Part H - Details of Endowment Assets
Most recent fiscal year ending before October 2014
Line Value of Endowment Assets
Market
No.
Value
Include not only endowment assets held by the institution, but any assets held by
private foundations affiliated with the institution.
01 Value of endowment assets at the beginning of the fiscal year
73,765,160
02 Value of endowment assets at the end of the fiscal year
85,284,962
You may use the space below to provide context for the data you've reported above.
Prior Year
Amounts
65,928,061
73,765,160
Institution: University of North Carolina Wilmington (199218)
User ID: P1992181
Part J - Revenue Data for Bureau of Census
Source and type
Most recent fiscal year ending before October 2014
Amount
Total for all
Education and
Auxiliary Hospitals
funds
general/independent
enterprises
and operations
operations
(includes
endowment
funds,
but excludes
component
units)
(1)
(2)
(3)
(4)
112,860,421
112,860,421
53,536,957
4,397,361 49,139,596
5,769,590
5,769,590
01 Tuition and fees
02 Sales and services
03 Federal
grants/contracts
(excludes Pell Grants)
Revenue from the state government:
100,748,733
04 State appropriations,
current & capital
828,455
05 State grants and
contracts
Revenue from local governments:
0
06 Local appropriation,
current & capital
177,908
07 Local government
grants/contracts
08 Receipts from property
and non-property
taxes
09 Gifts and private
10,552,894
grants, including
capital grants
10 Interest earnings
567,001
11 Dividend earnings
2,898,781
12 Realized capital gains
4,894,535
100,748,733
828,455
177,908
You may use the space below to provide context for the data you've reported above.
Agriculture
extension/experiment
services
(5)
Institution: University of North Carolina Wilmington (199218)
User ID: P1992181
Part K - Expenditure Data for Bureau of Census
Most recent fiscal year ending before October 2014
Amount
Total for all funds and
Education and
Auxiliary Hospitals Agriculture
operations (includes
general/
enterprises
extension/
endowment funds, but
independent
experiment
excludes component units)
operations
services
(1)
(2)
(3)
(4)
(5)
125,566,731 113,925,288 11,641,443
01 Salaries and wages
34,354,877
02 Employee benefits, total
30,978,936
3,375,941
7,546,073
03 Payment to state retirement
6,431,347
1,114,726
funds (maybe included in line 02
above)
78,583,917
04 Current expenditures other than
42,484,198 36,099,719
salaries
Capital outlay:
1,571,167
05 Construction
1,571,167
2,003,904
06 Equipment purchases
2,003,904
0
07 Land purchases
Category
08 Interest on debt outstanding, all
funds and activities
09 Scholarships/fellowships
11,482,010
40,333,141
40,333,141
You may use the space below to provide context for the data you've reported above.
Institution: University of North Carolina Wilmington (199218)
User ID: P1992181
Part L - Debt and Assets, page 1
Most recent fiscal year ending before October 2014
Debt
Category
01 Long-term debt outstanding at beginning of fiscal year
02 Long-term debt issued during fiscal year
03 Long-term debt retired during fiscal year
04 Long-term debt outstanding at end of fiscal year
05 Short-term debt outstanding at beginning of fiscal year
06 Short-term debt outstanding at end of fiscal year
You may use the space below to provide context for the data you've reported above.
Amount
236,041,945
6,450,921
229,591,024
Institution: University of North Carolina Wilmington (199218)
User ID: P1992181
Part L - Debt and Assets, page 2
Most recent fiscal year ending before October 2014
Assets
Category
07 Total cash and security assets held at end of fiscal year in sinking or debt service funds
08 Total cash and security assets held at end of fiscal year in bond funds
09 Total cash and security assets held at end of fiscal year in all other funds
You may use the space below to provide context for the data you've reported above.
Amount
2,649,856
8,128,949
199,095,520
Institution: University of North Carolina Wilmington (199218)
User ID: P1992181
Prepared by
This survey component was prepared by:
Keyholder
Finance Contact
SFA Contact
HR Contact
Academic Library Contact
Other
hours
minutes
Name: Michael Vollmer
Email: jmvollmer@northcarolina.edu
How long did it take to prepare this
survey component?
The name of the preparer is being collected so that we can follow up with the appropriate person in the event that there
are questions concerning the data. The Keyholder will be copied on all email correspondence to other preparers.
The time it took to prepare this component is being collected so that we can continue to improve our estimate of the
reporting burden associated with IPEDS. Please include in your estimate the time it took for you to review instructions,
query and search data sources, complete and review the component, and submit the data through the Data Collection
System.
Thank you for your assistance.
Institution: University of North Carolina Wilmington (199218)
Summary
User ID: P1992181
Finance Survey Summary
IPEDS collects important information regarding your institution. All data reported in IPEDS
survey components become available in the IPEDS Data Center and appear as aggregated data
in various Department of Education reports. Additionally, some of the reported data appears
specifically for your institution through the College Navigator website and is included in your
institution’s Data Feedback Report (DFR). The purpose of this summary is to provide you an
opportunity to view some of the data that, when accepted through the IPEDS quality control
process, will appear on the College Navigator website and/or your DFR. College Navigator is
updated approximately three months after the data collection period closes and Data Feedback
Reports will be available through the Data Center and sent to your institution’s CEO in
November 2015.
Please review your data for accuracy. If you have questions about the data displayed below
after reviewing the data reported on the survey screens, please contact the IPEDS Help Desk at:
1-877-225-2568 or ipedshelp@rti.org.
Core Revenues
Revenue Source
Reported values
Percent of total core
revenues
Core revenues per FTE
enrollment
Tuition and fees
$96,421,397
37%
$7,246
State appropriations
$97,601,950
38%
$7,335
Local appropriations
$0
0%
$0
$30,135,441
12%
$2,265
$4,443,304
2%
$334
Investment income
$11,050,574
4%
$830
Other core revenues
$20,292,034
8%
$1,525
Total core revenues
$259,944,700
100%
$19,536
Total revenues
$303,517,213
Government grants and contracts
Private gifts, grants, and contracts
$22,811
Other core revenues include federal appropriations; sales and services of educational activities; other operating and
nonoperating sources; and other revenues and additions (e.g., capital appropriations, capital grants and gifts, etc.). Core
revenues exclude revenues from auxiliary enterprises (e.g., bookstores, dormitories), hospitals, and independent operations.
Core Expenses
Expense function
Reported values
Instruction
Percent of total core
expenses
Core expenses per FTE
enrollment
$105,845,115
52%
$7,955
$12,684,236
6%
$953
$3,529,920
2%
$265
Academic support
$21,739,755
11%
$1,634
Institutional support
$25,867,858
13%
$1,944
Student services
$14,631,614
7%
$1,100
Other core expenses
$18,543,908
9%
$1,394
Total core expenses
$202,842,406
100%
$15,244
Total expenses
$284,726,394
Research
Public service
$21,398
Other core expenses include scholarships and fellowships, net of discounts and allowances, and other expenses. Core expenses
exclude expenses from auxiliary enterprises (e.g., bookstores, dormitories), hospitals, and independent operations.
Calculated value
FTE enrollment
13,306
The full-time equivalent (FTE) enrollment used in this report is the sum of the institution’s FTE undergraduate enrollment and
FTE graduate enrollment (as calculated from or reported on the 12-month Enrollment component). FTE is estimated using 12month instructional activity (credit and/or contact hours). All doctor’s degree students are reported as graduate students.
Institution: University of North Carolina Wilmington (199218)
Edit Report
Finance
User ID: P1992181
University of North Carolina Wilmington (199218)
Source
Screen: Expenses
Description
Severity
Upload The amount of interest expenses allocated to instruction on line
Fatal
File
01 is outside the expected range of between 1,148,201 and
8,037,407 compared to the total interest expenditures reported
across all functional expense categories. Please correct your data
or contact the IPEDS Help Desk for assistance. (Error #5178)
Resolved
Options
Yes
Reason: Overridden by administrator. UNC does not typically have a large portion of its interest expense allocated to instruction
due to the fact that most instruction is provided from facilities constructed and maintained through direct state
appropriation. Any debt and subsequent interest related to the maintenance and construction of these facilities is incurred
at the state wide level in North Carolina and is not recorded in an individual university’s audited financial statement. ALB
Screen: Net Position
Upload The reported value of Net position beginning of year (line 04) is
File
expected to be equal to the prior year amount of Net position end
of year (line 06). Please correct your data or explain. (Error
#5303)
Reason: restated after 2013 IPEDS report
Explanation
Yes