Finance 2011-12
Institution: University of North Carolina at 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.
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 at 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 at 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, 2011.)
Beginning: month/year
Month: 7
Year: 2010
(MMYYYY)
And ending: month/year
Month: 6
Year: 2011
(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 at Wilmington (199218)
User ID: P1992181
Part A - Statement of Net Assets
Fiscal Year: July 1, 2010 - June 30, 2011
Line no.
Current year amount
01
Current Assets
Total current assets
95,702,802
31
Noncurrent Assets
Depreciable capital assets, net of depreciation
412,750,594
04
05
06
07
08
Other noncurrent assets
CV=[A05-A31]
Total noncurrent assets
Current Liabilities
Long-term debt, current portion
89,987,511
659,816,202
17,821,250
27,935,412
10
Noncurrent Liabilities
Long-term debt
244,092,776
12
13
12,694,682
21,099,092
224,994,324
16,804,036
16,661,252
241,655,576
260,896,812
288,832,224
Total liabilities
CV=(A09+A12)
613,794,071
8,404,410
10,114,162
09
Other noncurrent liabilities
CV=(A12-A10)
Total noncurrent liabilities
140,175,059
523,806,560
564,113,400
Other current liabilities
CV=(A09-A07)
Total current liabilities
11
383,631,501
151,362,806
Total assets
CV=(A01+A05)
Prior year amount
262,754,668
14
Net Assets
Invested in capital assets, net of related debt
247,002,288
15
Restricted-expendable
15,518,651
22,801,543
16
Restricted-nonexpendable
55,771,543
45,056,161
17
Unrestricted
CV=[A18-(A14+A15+A16)]
Total net assets
CV=(A06-A13)
18
229,927,613
52,691,496
53,254,086
370,983,978
351,039,403
You may use the space below to provide context for the data you've reported above.
Institution: University of North Carolina at Wilmington (199218)
User ID: P1992181
Part A - Statement of Net Assets (Page 2)
Fiscal Year: July 1, 2010 - June 30, 2011
Line No. Description
Ending balance
Prior year
Ending balance
Capital Assets
21
Land & land improvements
6,258,371
6,258,371
22
Infrastructure
41,675,299
23
Buildings
469,102,941
32
Equipment, including art and library collections
42,222,994
38,954,968
27
Construction in progress
27,237,821
33,949,649
28
Total for Plant, Property and Equipment
CV = (A21+ .. A27)
Accumulated depreciation
138,398,736
33
Intangible assets, net of accumulated amortization
0
0
34
Other capital assets
0
0
41,238,711
586,497,426
You may use the space below to provide context for the data you've reported above.
430,050,107
550,451,806
124,815,913
Institution: University of North Carolina at Wilmington (199218)
User ID: P1992181
Part B - Revenues and Other Additions
Fiscal Year: July 1, 2010 - June 30, 2011
Line No. Source of Funds
Operating Revenues
01
Tuition & fees, after deducting discounts & allowances
Current year amount
Prior year amount
80,606,602
71,613,363
15,641,403
02
Grants and contracts - operating
Federal operating grants and contracts
14,570,287
03
State operating grants and contracts
1,071,607
04
Local government/private operating grants and contracts
04a Local government operating grants and contracts
219,214
1,827,189
286,412
04b Private operating grants and contracts
1,232,793
1,540,777
35,403,149
26
Sales & services of auxiliary enterprises,
after deducting discounts & allowances
Sales & services of hospitals,
after deducting patient contractual allowances
Sales & services of educational activities
07
Independent operations
0
05
06
08
09
Other sources - operating
CV=[B09-(B01+ ....+B07)]
Total operating revenues
1,090,865
1,452,007
34,215,027
0
0
3,549,396
4,028,211
0
2,896,038
140,027,901
1,771,634
129,708,877
Institution: University of North Carolina at Wilmington (199218)
User ID: P1992181
Part B - Revenues and Other Additions
Fiscal Year: July 1, 2010 - June 30, 2011
Line
No.
Source of funds
Current year amount
10
Nonoperating Revenues
Federal appropriations
0
11
State appropriations
89,349,941
12
Local appropriations, education district taxes, & similar support
0
13
Grants-nonoperating
Federal nonoperating grants
25,079,443
14
State nonoperating grants
0
0
15
Local government nonoperating grants
0
0
16
Gifts, including contributions from affiliated organizations
2,917,139
2,750,983
17
Investment income
8,978,493
4,557,791
18
Other nonoperating revenues
CV=[B19-(B10+...+B17)]
Total nonoperating revenues
19
27
28
29
Total operating and nonoperating revenues CV=[B19+B09]
12-month Student FTE from E12
CV=[B28a+B28b]
28a
Undergraduates
28b
Graduates
Total operating and nonoperating revenues per student FTE
CV=[B27/B28]
Prior year
amount
0
90,220,051
0
21,800,790
8,215,594
7,228,518
126,558,133
134,540,610
274,568,511
12,389
11,520
869
22,162
256,267,010
Institution: University of North Carolina at Wilmington (199218)
User ID: P1992181
Part B - Revenues and Other Additions
Fiscal Year: July 1, 2010 - June 30, 2011
Line No.
20
Source of funds
Other Revenues and Additions
Capital appropriations
21
Capital grants & gifts
7,759,598
2,805,894
22
Additions to permanent endowments
4,192,435
2,085,107
23
Other revenues & 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
0
0
0
4,891,001
11,952,033
286,520,544
You may use the space below to provide context for the data you've reported above.
261,158,011
Institution: University of North Carolina at Wilmington (199218)
User ID: P1992181
Part C - Expenses and Other Deductions
1
Total amount
2
Salaries & wages
Fiscal Year: July 1, 2010 - June 30, 2011
3
4
Employee fringe benefits Operation and
maintenance of plant
5
Depreciation
95,345,898
64,580,742
14,817,731
5,054,316
2,762,224
02 Research
17,591,773
7,745,302
1,959,731
1,010,863
552,445
0
6,323,432 18,437,790
03 Public service
3,621,379
1,450,282
251,436
252,716
138,111
0
1,528,834
05 Academic support
19,296,466
7,931,255
2,088,817
1,769,011
966,778
0
6,540,605 18,683,263
06 Student services
13,084,017
5,672,629
1,646,393
1,769,011
966,778
0
3,029,206 13,839,928
07 Institutional support
27,186,958
14,883,147
4,096,105
2,021,726
1,104,889
881
5,080,210 26,740,709
9,282,201
3,056,111
-25,271,581
0
0
Line Description
No.
Expenses and
Deductions
01 Instruction
0
6
Interest
7
All
other
8
PY Total
Amount
8,130,885 93,856,137
0
12,933,269
2,690,616
08 Operation &
maintenance
of plant (see
instructions)
10 Scholarships and
fellowships
expenses, excluding
discounts & allowances
11 Auxiliary enterprises
0
17,177,308
72,958,095
9,661,254
2,554,570
13,393,938
7,319,893
11,653,155
12 Hospital services
0
0
0
0
0
0
0
0
13 Independent operations 0
0
0
0
0
0
0
0
314,075
915,384
17,177,308 15,695,692
314,075
0
0
14 Other expenses
& deductions
CV=[C19-(C01+...+C13)]
19 Total expenses &
266,575,969
121,206,812
30,470,894
deductions
Prior year amount
254,030,596
117,451,984
28,254,693
12,389
20 12-month Student FTE
from E12
CV=[C20a+C20b]
11,520
20a Undergraduates
869
20b Graduates
21,517
21 Total expenses and
deductions per student
FTE CV=[C19/C20]
You may use the space below to provide context for the data you've reported above.
0
0
28,375,285 63,171,077
0
13,811,118
0
11,654,036
13,612,147
6,491,363
89,433,109 254,030,596
88,220,409
Institution: University of North Carolina at Wilmington (199218)
User ID: P1992181
Part D - Summary of Changes In Net Assets
Fiscal Year: July 1, 2010 - June 30, 2011
Line No. Description
01
Total revenues & other additions (from B25)
02
Total expenses & deductions (from C19)
03
Change in net assets during year
CV=(D01-D02)
Net assets beginning of year
04
05
06
Adjustments to beginning net assets and other gains or losses
CV=[D06-(D03+D04)]
Net assets end of year (from A18)
Current year amount
Prior year amount
286,520,544
261,158,011
266,575,969
254,030,596
19,944,575
7,127,415
343,911,988
351,039,403
0
0
370,983,978
351,039,403
You may use the space below to provide context for the data you've reported above.
Institution: University of North Carolina at Wilmington (199218)
User ID: P1992181
Part E - Scholarships and Fellowships
Fiscal Year: July 1, 2010 - June 30, 2011
Line No. Source
01
Pell grants (federal)
Current year amount
13,882,550
Prior year amount
11,193,975
02
Other federal grants
944,600
03
Grants by state government
10,004,347
04
Grants by local government
0
05
Institutional grants from restricted resources
1,813,345
06
07
Institutional grants from unrestricted resources
CV=[E07-(E01+...+E05)]
Total gross scholarships and fellowships
36,992,178
32,356,981
08
Discounts and Allowances
Discounts & allowances applied to tuition & fees
11,041,588
8,987,398
09
10
11
Discounts & allowances applied to sales & services of
auxiliary enterprises
CV= (E10-E08)
Total discounts & allowances
CV=(E07-E11)
Net scholarships and fellowships expenses after deducting
discount & allowances (from C10)
846,277
9,927,889
0
1,852,976
10,347,336
8,535,864
8,773,282
7,673,891
19,814,870
16,661,289
17,177,308
15,695,692
You may use the space below to provide context for the data you've reported above.
Institution: University of North Carolina at Wilmington (199218)
User ID: P1992181
Part H - Details of Endowment Assets
Fiscal Year: July 1, 2010 - June 30, 2011
Line Value of Endowment Assets
Market Value
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
51,967,393
02
Value of endowment assets at the end of the fiscal year
62,825,783
You may use the space below to provide context for the data you've reported above.
Prior Year
Amounts
47,947,922
51,967,393
Institution: University of North Carolina at Wilmington (199218)
User ID: P1992181
Part J - Revenue Data for Bureau of Census
Source and type
Fiscal Year: July 1, 2010 - June 30, 2011
Amount
Education and
Auxiliary enterprises
general/independent
operations
Total for all funds
and operations
(includes
endowment funds,
but excludes component
units)
(1)
(2)
91,648,190
91,648,190
01 Tuition and fees
48,204,642
02 Sales and
4,028,211
services
14,570,287
03 Federal
14,570,287
grants/contracts
(excludes Pell
Grants)
Revenue from the state government:
89,349,941
04 State
89,349,941
appropriations,
current &
capital
1,071,607
05 State grants
1,071,607
and contracts
Revenue from local governments:
0
06 Local
0
appropriation,
current &
capital
219,214
07 Local
219,214
government
grants/contracts
08 Receipts from 0
property and
non-property
taxes
09 Gifts and
16,101,965
private grants,
including capital
grants
10 Interest
1,408,034
earnings
11 Dividend
1,872,945
earnings
12 Realized capital 226,777
gains
(3)
44,176,431
Hospitals
Agriculture
extension/experiment
services
(4)
(5)
00
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
You may use the space below to provide context for the data you've reported above.
Institution: University of North Carolina at Wilmington (199218)
User ID: P1992181
Part K - Expenditure Data for Bureau of Census
Category
01 Salaries and wages
Total for all funds and
operations (includes
endowment funds, but
excludes component
units)
(1)
121,206,812
02 Employee benefits, total
30,470,894
03 Payment to state
retirement funds (maybe
included in line 02
above)
04 Current expenditures
other than salaries
Capital outlay:
05 Construction
5,955,277
06 Equipment purchases
07 Land purchases
Fiscal Year: July 1, 2010 - June 30, 2011
Amount
Education and general/
Auxiliary enterprises
independent operations
(2)
Hospitals
(3)
Agriculture extension/
experiment services
(4)
(5)
111,545,558
9,661,254
00
27,916,324
2,554,570
00
5,220,413
734,864
0
0
39,924,098
11,548,813
28,375,285
0
0
28,499,140
28,499,140
0
0
0
3,518,488
0
0
0
0
0
0
0
3,518,488
0
08 Interest on debt
11,654,036
outstanding, all funds &
activities
09 Scholarships/fellowships
36,992,178
36,992,178
You may use the space below to provide context for the data you've reported above.
Institution: University of North Carolina at Wilmington (199218)
User ID: P1992181
Part L - Debt and Assets, page 1
Fiscal Year: July 1, 2010 - June 30, 2011
Debt
Category
Amount
01 Long-term debt outstanding at beginning of fiscal year
233,398,734
02 Long-term debt issued during fiscal year
24,750,000
03 Long-term debt retired during fiscal year
3,941,796
04 Long-term debt outstanding at end of fiscal year
254,206,938
05 Short-term debt outstanding at beginning of fiscal year
0
06 Short-term debt outstanding at end of fiscal year
0
You may use the space below to provide context for the data you've reported above.
Institution: University of North Carolina at Wilmington (199218)
User ID: P1992181
Part L - Debt and Assets, page 2
Fiscal Year: July 1, 2010 - June 30, 2011
Assets
Category
07 Total cash and security assets held at end of fiscal year in sinking or debt service funds
Amount
728,528
08 Total cash and security assets held at end of fiscal year in bond funds
50,708,633
09 Total cash and security assets held at end of fiscal year in all other funds
146,951,587
You may use the space below to provide context for the data you've reported above.
Institution: University of North Carolina at 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 ExPT and sent to your institution’s CEO in November 2012.
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
$80,606,602
32%
$6,506
Government appropriations
$89,349,941
36%
$7,212
Government grants and contracts
$40,940,551
16%
$3,305
$4,149,932
2%
$335
Private gifts, grants, and contracts
Investment income
$8,978,493
4%
$725
$27,091,876
11%
$2,187
Total core revenues
$251,117,395
100%
$20,269
Total revenues
$286,520,544
Other core revenues
$23,127
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
Reported values
Percent of total core
expenses
Core expenses per FTE
enrollment
Instruction
$95,345,898
49%
$7,696
Research
$17,591,773
9%
$1,420
$3,621,379
2%
$292
Academic support
$19,296,466
10%
$1,558
Institutional support
$27,186,958
14%
$2,194
Student services
$13,084,017
7%
$1,056
Public service
Core Expenses
Other core expenses
$17,491,383
9%
$1,412
Total core expenses
$193,617,874
100%
$15,628
Total expenses
$266,575,969
$21,517
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
12,389
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 at Wilmington (199218)
Edit Report
Finance
Institution: University of North Carolina at Wilmington (199218)
Source
Description
Severity
Screen: Part 1
Screen The amount of interest allocated to Fatal
User ID: P1992181
Resolved
Options
Yes
Back to
Entry instruction expenses is relatively
survey
high (or relatively low) compared to
data
the total interest expense. If you
believe this number is correct,
please contact the Help Desk. (Error
#5178)
Reason: Overridden by administrator. The bond belongs to the state and all
interest on instructional expenses is held by the state. ACL
Screen The number entered, 11,654,036, Explanation
Yes
Back to
Entry has an expected range of between
survey
3,245,682 and 9,737,044 based on
data
last year's amount. Please explain
this difference. (Error #5301)
Reason: In FY10, there was an addition of new debt - a bond issued for the
Recreation Center Expansion Project - that resulted in a spike in
interest paid in FY2011.