Finance 2013-14
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 have been no changes to the 2013-14 Finance data collection from the 2012-13 collection.
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, 2013.)
Beginning: month/year
Month:
Year:
7
2012
(MMYYYY)
And ending: month/year
Month:
Year:
6
2013
(MMYYYY)
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
Qualified
Don't know
(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
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.
Current year amount
01
Current Assets
Total current assets
31
Noncurrent Assets
Depreciable capital assets, net of depreciation
04
05
06
07
08
Other noncurrent assets
CV=[A05-A31]
Total noncurrent assets
09
Other current liabilities
CV=(A09-A07)
Total current liabilities
10
Noncurrent Liabilities
Long-term debt
11
12
13
Other noncurrent liabilities
CV=(A12-A10)
Total noncurrent liabilities
Net Assets
Invested in capital assets, net of related debt
15
Restricted-expendable
16
Restricted-nonexpendable
17
Unrestricted
CV=[A18-(A14+A15+A16)]
Total net assets
CV=(A06-A13)
18
418,198,314
458,132,369
133,814,382
172,702,118
590,900,432
591,946,751
695,111,617
692,101,822
6,174,668
6,419,599
11,367,497
18,675,559
24,850,227
17,787,096
242,129,342
233,174,253
16,923,131
18,391,494
260,520,836
250,097,384
267,884,480
Total liabilities
CV=(A09+A12)
14
101,201,390
103,164,866
Total assets
CV=(A01+A05)
Current Liabilities
Long-term debt, current portion
Prior year amount
285,371,063
274,385,221
272,634,426
14,841,593
17,908,070
57,539,964
65,774,320
70,910,321
59,963,981
427,227,137
406,730,759
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)
Line No. Description
Ending balance
Prior year
Ending balance
Capital Assets
21
Land and land improvements
6,258,371
22
Infrastructure
23
Buildings
32
Equipment, including art and library collections
27
Construction in progress
28
Total for Plant, Property and Equipment
CV = (A21+ .. A27)
Accumulated depreciation
33
Intangible assets, net of accumulated amortization
0
34
Other capital assets
0
6,258,371
41,751,864
41,862,852
536,070,288
485,973,041
41,498,800
42,044,115
65,604,622
30,512,848
656,748,474
160,171,566
You may use the space below to provide context for the data you've reported above.
641,086,698
149,352,071
Institution: University of North Carolina Wilmington (199218)
User ID: P1992181
Part E - Scholarships and Fellowships
DO NOT REPORT FEDERAL DIRECT STUDENT LOANS (FDSL) ANYWHERE IN THIS SECTION
Line
No.
01
Source
02
Other federal grants (Do NOT include FDSL amounts)
03
Grants by state government
04
Grants by local government
05
Institutional grants from restricted resources
06
07
Institutional grants from unrestricted resources
CV=[E07-(E01+...+E05)]
Total gross scholarships and fellowships
08
Discounts and Allowances
Discounts and allowances applied to tuition and fees
09
10
11
Pell grants (federal)
Discounts and allowances applied to sales and services of
auxiliary enterprises
Total discounts and allowances
CV=(E08+E09)
Current year amount
14,494,144
Prior year
amount
14,074,399
311,542
310,758
8,030,900
9,004,375
0
1,948,358
2,137,283
14,106,979
35,995,154
40,053,539
16,485,028
You may use the space below to provide context for the data you've reported above.
10,664,088
8,804,623
5,907,270
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.
11,629,955
22,392,298
19,468,711
17,661,241
16,526,443
Institution: University of North Carolina Wilmington (199218)
User ID: P1992181
Part B - Revenues and Other Additions
Line No. Source of Funds
Operating Revenues
01
Tuition and fees, after deducting discounts & allowances
02
Grants and contracts - operating
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
26
Sales and services of auxiliary enterprises,
after deducting discounts and allowances
Sales and services of hospitals,
after deducting patient contractual allowances
Sales and services of educational activities
07
Independent operations
08
Other sources - operating
CV=[B09-(B01+ ....+B07)]
Total operating revenues
06
09
Current year amount
Prior year amount
86,526,202
93,042,367
12,144,343
8,496,278
844,913
1,127,329
879,631
195,892
982,109
190,178
791,931
683,739
37,060,551
40,840,605
0
4,134,093
3,348,775
0
6,377,290
154,112,275
3,960,466
145,652,677
Institution: University of North Carolina Wilmington (199218)
User ID: P1992181
Part B - Revenues and Other Additions
Line
No.
Source of funds
10
Nonoperating Revenues
Federal appropriations
11
State appropriations
12
Local appropriations, education district taxes, and similar support
14
Grants-nonoperating
Federal nonoperating grants Do NOT include Federal Direct
Student Loans
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)]
Total nonoperating revenues
13
19
27
28
29
Total operating and nonoperating revenues CV=[B19+B09]
12-month Student FTE from E12
Total operating and nonoperating revenues per student FTE
CV=[B27/B28]
Current year amount
Prior year
amount
0
91,313,397
96,878,528
0
22,728,974
24,323,132
0
0
4,893,475
2,973,079
3,033,906
8,748,696
621,946
133,545,381
287,657,656
13,112
21,939
760,163
122,729,915
268,382,592
12,496
21,477
Institution: University of North Carolina Wilmington (199218)
User ID: P1992181
Part B - Revenues and Other Additions
Line No.
20
Source of funds
Other Revenues and Additions
Capital appropriations
21
Capital grants and gifts
22
Additions to permanent endowments
23
Other revenues and additions
CV=[B24-(B20+...+B22)]
Total other revenues and additions
24
25
Total all revenues and other additions
CV=[B09+B19+B24]
Current year amount
Prior year amount
0
21,726,855
17,457,010
2,718,447
1,749,544
0
0
24,445,302
19,206,554
306,864,210
You may use the space below to provide context for the data you've reported above.
292,827,894
Institution: University of North Carolina Wilmington (199218)
User ID: P1992181
Part C - Expenses and Other Deductions
Line Description
No.
Expenses and
Deductions
01 Instruction
Report Total Operating AND Nonoperating Expenses in this section
2
3
4
5
Salaries and wages
Employee fringe benefits Operation and
Depreciation
maintenance of plant
1
Total amount
6
Interest
103,121,126
68,369,474
17,032,839
5,007,605
3,039,464
15,176,285
6,307,431
1,478,758
1,274,864
773,804
788,333
3,815,569
1,548,299
373,064
308,411
187,196
30,060
21,011,759
7,902,147
2,423,589
1,898,271
1,152,193
13,862,032
5,871,050
1,923,658
1,840,089
1,116,878
27,028,440
14,192,820
4,746,841
1,694,203
1,028,330
8,710,537
3,344,511
-24,030,753
7
All
other
8
PY Total
Amount
9,671,744
93,609,699
4,553,095
15,727,171
1,368,539
3,247,204
7,635,559
17,513,064
3,110,357
12,286,708
5,366,246
25,361,809
11,817,144
0
17,661,241
16,526,443
35,094,245
72,634,590
02
Research
03
Public service
05
Academic support
06
Student services
07
Institutional support
08
11
Operation and
maintenance
of plant (see
instructions)
Scholarships and
fellowships
expenses, excluding
discounts and
allowances (from E11)
Auxiliary enterprises
12
Hospital services
0
0
13
Independent operations
0
0
14
922,352
0
0
Other expenses
and deductions
CV=[C19-(C01+...+C13)]
Total expenses and
279,333,369
122,654,547
34,131,348
deductions
Prior year amount
257,081,113
118,583,591
31,621,817
13,112
12-month Student FTE
from E12
21,304
Total expenses and
deductions per student
FTE CV=[C19/C20]
922,352
174,425
10
19
20
21
0
158,561
17,661,241
76,734,565
9,752,789
2,808,088
You may use the space below to provide context for the data you've reported above.
12,007,310
7,288,074
0
0
9,784,059
0
14,585,939
0
97,200,522 257,081,113
10,761,013
14,120,071
11,917,022
80,838,612
12,496
20,573
Institution: University of North Carolina Wilmington (199218)
User ID: P1992181
Part D - Summary of Changes In Net Position
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
306,864,210
292,827,894
279,333,369
257,081,113
27,530,841
35,746,781
370,983,978
399,696,296
0
0
427,227,137
406,730,759
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 H - Details of Endowment Assets
Line Value of Endowment Assets
No.
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
02
Value of endowment assets at the end of the fiscal year
Market Value
65,928,061
73,765,160
You may use the space below to provide context for the data you've reported above.
Prior Year
Amounts
62,825,783
3,115,880
Institution: University of North Carolina Wilmington (199218)
User ID: P1992181
Part J - Revenue Data for Bureau of Census
Source and type
Total for all funds
and operations
(includes
endowment funds,
but excludes component
units)
(1)
109,527,395
01 Tuition and fees
50,096,650
02 Sales and
services
8,496,278
03 Federal
grants/contracts
(excludes Pell
Grants)
Revenue from the state government:
96,878,528
04 State
appropriations,
current &
capital
1,127,329
05 State grants
and contracts
Revenue from local governments:
0
06 Local
appropriation,
current &
capital
195,892
07 Local
government
grants/contracts
08 Receipts from
property and
non-property
taxes
09 Gifts and
private grants, 22,863,372
including capital
grants
10 Interest
560,063
earnings
11 Dividend
2,675,733
earnings
12 Realized capital
1,612,789
gains
Education and
general/independent
operations
(2)
109,527,395
Amount
Auxiliary enterprises
Hospitals
Agriculture
extension/experiment
services
(3)
(4)
(5)
46,747,875
3,348,775
8,496,278
96,878,528
1,127,329
195,892
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 K - Expenditure Data for Bureau of Census
Category
01 Salaries and wages
Total for all funds and
Education and general/
operations (includes
independent operations
endowment funds, but
excludes component units)
(1)
(2)
122,654,546
34,131,348
03 Payment to state
retirement funds (maybe
included in line 02
above)
04 Current expenditures
other than salaries
Capital outlay:
05 Construction
7,748,627
07 Land purchases
Hospitals
Agriculture extension/
experiment services
(3)
(4)
(5)
9,752,789
112,901,757
02 Employee benefits, total
06 Equipment purchases
Amount
Auxiliary enterprises
2,808,088
31,323,260
6,668,715
1,079,912
43,522,684
35,094,245
78,616,929
25,750,925
25,750,925
4,213,372
4,213,372
0
08 Interest on debt
10,761,013
outstanding, all funds
and activities
09 Scholarships/fellowships
40,053,539
40,053,539
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
Debt
Category
01 Long-term debt outstanding at beginning of fiscal year
Amount
500,954,851
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.
9,460,999
491,493,852
Institution: University of North Carolina Wilmington (199218)
User ID: P1992181
Part L - Debt and Assets, page 2
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
2,308,572
11,304,361
171,236,387
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 2014.
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
$93,042,367
35%
$7,096
Government appropriations
$96,878,528
36%
$7,389
Government grants and contracts
$34,142,631
13%
$2,604
Private gifts, grants, and contracts
$3,656,818
1%
$279
Investment income
$8,748,696
3%
$667
Other core revenues
$29,554,565
11%
$2,254
Total core revenues
$266,023,605
100%
$20,289
Total revenues
$306,864,210
$23,403
Core revenues include tuition and fees; government appropriations (federal, state, and local); government grants and
contracts; private gifts, grants, and contracts; investment income; other operating and nonoperating sources; and other
revenues and additions. Core revenues exclude revenues from auxiliary enterprises (e.g., bookstores, dormitories), hospitals,
and independent operations.
Core Expenses
Expense function
Instruction
Research
Public service
Reported values
Percent of total core
expenses
Core expenses per FTE
enrollment
$103,121,126
51%
$7,865
$15,176,285
7%
$1,157
$3,815,569
2%
$291
Academic support
$21,011,759
10%
$1,602
Institutional support
$27,028,440
13%
$2,061
Core Expenses
Student services
$13,862,032
7%
Other core expenses
$18,583,593
9%
$1,057
$1,417
Total core expenses
$202,598,804
100%
$15,451
Total expenses
$279,333,369
$21,304
Core expenses include expenses for instruction, research, public service, academic support, institutional support, student
services, operation and maintenance of plant, depreciation, scholarships and fellowships expenses, other expenses, and
nonoperating expenses.
Calculated value
FTE enrollment
13,112
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
Description
Screen: Scholarships & Fellowships
Upload The amount reported is outside the expected range of between
File
5,332,044 and 15,996,132 when compared with the prior year
value. Please correct your data or explain. (Error #5301)
Severity
Explanation
Resolved
Options
Yes
Reason: The increase relates to (1) increased enrollment and (2) a change in allocation of scholarship discounts in FY13 from
Sales & Services to Tuition & Fees to more appropriately match revenue. If the method used in FY13 had been in place in
FY12, the scholarship discount for Tuition & Fees would have been $14,050,851 instead of $10,664,088.
Screen: Expenses
Upload The amount of interest expenses allocated to instruction on line
Fatal
File
01 is outside the expected range of between 1,076,102 and
7,532,709 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)
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
Screen The reported value of this amount at the beginning of the current Explanation
Entry year is expected to be equal to the value of this amount at the end
of the prior year. Please correct your data or explain. (Error
#5303)
Yes
Reason: Adjustment to beginning net position from a financial statement restatement to account for incorrectly capitalized supplies
and materials associated with construction projects.
Screen: Endowment data
Upload The value of endowment assets at the beginning of the fiscal year Explanation
File
(line 01) is expected to be equal to the prior year value of
endowment assets at the end of the fiscal year (line 02). Please
correct your data or explain. (Error #5186)
Yes
Reason: Prior year ending balance incorrectly reported. Reflects the change in the balance for the year rather than the ending
balance.