Finance 2008-09
Institution: Western Carolina University (200004)
User ID: P92000041
Finance - Public institutions
Reporting Standard
Please indicate which reporting standards are used to prepare your financial statements:
GASB (Governmental Accounting Standard Board), using standards of GASB 34 & 35
FASB (Financial Accounting Standard 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: Western Carolina University (200004)
User ID: P92000041
Finance - Public institutions
Form Version
Finance - Public Institutions
The survey for GASB has been realigned to improve commonality and comparability of the finance data,
however reporting in the new format is OPTIONAL for Fiscal Year 2007-08. Please indicate in which version
you will report finance data:
GASB, using standards of GASB 34 & 35
Aligned GASB, using standards of GASB 34 & 35 (OPTIONAL in Fiscal Year 2007-08)
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: Western Carolina University (200004)
User ID: P92000041
Finance - Public institutions
General Information
Finance - Public Institutions (unaligned form)
To the extent possible, the finance data requested in this report should be provided from your institution's audited
General Purpose Financial Statement (GPFS). Please refer to the instructions specific to each page of the survey for
detailed instruction 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, 2008.)
Beginning: month/year (MMYYYY)
Month:
7
Year: 2007
And ending: month/year (MMYYYY)
Month:
6
Year: 2008
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
3. 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. 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. Does this institution or any of its foundations or other affiliated organizations own endowment assets ?
Yes - (report endowment assets)
No
6.Component Units
Each discretely presented component unit should be reported in the same manner and amounts as included on the face
of the institution's GPFS. There should be one Finance Survey component unit form (Part F or G) completed for each
column on the face of the GPFS other than the institution itself, whether that column represents a single component
unit or a combination of component units.
1
Number of component unit columns on GPFS using FASB standards
0
Number of component unit columns on GPFS using GASB standards
You may use the space below to provide context for the data you've reported above.
Institution: Western Carolina University (200004)
User ID: P92000041
Part A - Statement of Net Assets
Fiscal Year 2008
Report in whole dollars only
Line no.
Current year amount
Prior year amount
Current Assets
01
Total Current Assets
74,070,146
67,136,616
267,607,578
243,098,048
75,078,314
69,923,502
Noncurrent Assets
02
Capital assets - depreciable (gross)
03
Accumulated depreciation (enter as a positive amount)
31
Capital assets Net of depreciation
192,529,264
04
Other noncurrent assets (CV)
CV=[A05-(A02-A03)]
131,516,826
129,928,281
05
Total noncurrent assets
324,046,090
303,102,827
06
Total assets (CV)
CV=(A01+A05)
398,116,236
370,239,443
07
Long-term debt, current portion
2,764,670
2,811,122
08
Other current liabilities (CV)
CV=(A09-A07)
14,254,012
14,238,739
09
Total current liabilities
17,018,682
17,049,861
70,184,853
49,989,422
Current Liabilities
Noncurrent Liabilities
10
Long-term debt
11
Other noncurrent liabilities (CV)
CV=(A12-A10)
12
Total noncurrent liabilities
76,352,012
55,931,692
13
Total liabilities (CV)
CV=(A09+A12)
93,370,694
72,981,553
6,167,159
5,942,270
Net Assets
14
Invested in capital assets, net of related debt
202,573,545
196,974,311
15
Restricted-expendable
20,658,066
32,634,981
16
Restricted-nonexpendable
23,093,177
18,350,986
17
Unrestricted (CV)
CV=[A18-(A14+A15+A16)]
58,420,754
49,297,612
18
Total Net assets (CV)
CV=(A06-A13)
304,745,542
297,257,890
CV= Calculated Value
You may use the space below to provide context for the data you've reported above.
Institution: Western Carolina University (200004)
User ID: P92000041
Part A - Plant, Property, and Equipment
Fiscal Year 2008
Report in whole dollars only
Line No. Description
Beginning
balance
Additions
Retirements
(CV)
Ending balance
Plant, Property, and Equipment
21
Land & land improvements
22
Infrastructure
23
Buildings
0
6,914,778
14,028,345
6,914,778
13,895,672
0
27,924,017
205,764,116
10,336,398
1,046,178
215,054,336
22,509,180
2,011,704
0
24,520,884
1,174,578
0
1,174,578
0
0
24
Equipment
25
Art and library collections
26
Property obtained under capital leases
(if not included in equipment)
27
Construction in progress
53,102,871
29,906,427
23,671,370
59,337,928
Accumulated depreciation
69,173,152
6,782,566
877,404
75,078,314
28
CV = (Beginning Balance + Additions - Ending Balance)
You may use the space below to provide context for the data you've reported above.
Institution: Western Carolina University (200004)
User ID: P92000041
Part B - Revenues and Other Additions
Fiscal Year 2008
Report in whole dollars only
Line No.
Source of Funds
Current year amount
Prior year amount
Operating Revenues
01
Tuition & fees, after deducting discounts & allowances
32,262,305
31,240,066
Grants and contracts - operating
02
Federal operating grants and contracts
4,759,956
4,642,406
03
State operating grants and contracts
7,299,946
5,199,593
04
Local/private operating grants and contracts
1,612,826
1,589,911
05
Sales & services of auxiliary enterprises,
after deducting discounts & allowances
21,542,727
21,713,193
06
Sales & services of hospitals,
after deducting patient contractual allowances
0
0
07
Independent operations
2,077,566
2,012,791
08
Other sources - operating (CV)
CV=[B09-(B01+ ....+B07)]
1,835,013
2,174,864
09
Total operating revenues
71,390,339
68,572,824
Institution: Western Carolina University (200004)
User ID: P92000041
Part B - Revenues and Other Additions
Fiscal Year 2008
Report in whole dollars only
Line No. Source of funds
Current year amount
Prior year amount
Nonoperating Revenues
10
Federal appropriations
11
State appropriations
12
Local appropriations, education district taxes, & similar support
0
0
89,055,513
80,794,784
0
0
5,340,234
4,836,598
Grants-nonoperating
13
Federal nonoperating grants
14
State nonoperating grants
0
0
15
Local nonoperating grants
70,764
201,268
16
Gifts, including contributions from affiliated organizations
3,313,840
3,750,483
17
Investment income
4,010,648
8,504,997
18
Other nonoperating revenues (CV)
CV=[B19-(B10+...+B17)]
19
Total nonoperating revenues
0
101,790,999
53,523
98,141,653
Institution: Western Carolina University (200004)
User ID: P92000041
Part B - Revenues and Other Additions
Fiscal Year 2008
Report in whole dollars only
Line No.
Resource of funds
Current year amount
Prior year amount
Other Revenues and Additions
20
Capital appropriations
4,750,400
6,223,900
21
Capital grants & gifts
1,631,993
16,913,404
22
Additions to permanent endowments
448,780
597,541
23
Other revenues & additions (CV)
CV=[B24-(B20+...+B22)]
24
Total other revenues and additions
25
Total all revenues and other additions (CV)
CV=(B09+B19+B24)
0
6,831,173
180,012,511
CV = Calculated Value
You may use the space below to provide context for the data you've reported above.
0
23,734,845
190,449,322
Institution: Western Carolina University (200004)
User ID: P92000041
Part C - Expenses and Other Deductions
Fiscal Year 2008
Report in whole dollars only
1
Line
Description
No.
2
3
Employee fringe
Current year total Salaries & wages
benefits
4
5
Depreciation
All
other
Operating Expenses
01
Instruction
59,291,212
43,059,718
9,962,235
6,269,259
02
Research
2,135,226
871,231
143,200
1,120,795
03
Public service
11,780,019
6,124,586
1,514,980
4,140,453
05
Academic support
11,713,533
6,812,309
1,610,867
3,290,357
06
Student services
7,369,208
3,748,102
962,847
2,658,259
07
Institutional support
13,798,975
7,717,659
1,889,102
4,192,214
08
Operation &
maintenance
of plant
15,588,182
6,059,385
2,077,587
7,451,210
09
Depreciation
6,782,566
10
Scholarships and
fellowships
expenses, excluding
discounts & allowances
(do not include work
study here)
7,686,114
11
Auxiliary enterprises
12
Hospital services
6,782,566
0
7,686,114
31,338,541
8,711,093
2,071,908
1,875,175
119,566
68,322
20,555,540
0
13
Independent operations
14
Other expenses
& deductions (CV)
CV=[C15-(C01+...+C13)]
15
Total operating
expenses
169,358,751
83,223,649
20,301,048
6,782,566
59,051,488
Prior year amount
158,363,784
75,636,847
18,248,198
6,134,931
58,343,808
0
0
0
1,687,287
0
0
Institution: Western Carolina University (200004)
User ID: P92000041
Part C - Expenses and Other Deductions
Fiscal Year 2008
Report in whole dollars only
1
Line
Description
No.
2
3
Employee fringe
Current year total Salaries & wages
benefits
4
5
Depreciation
All
other
Nonoperating
Expenses and
Deductions
3,038,489
16
Interest
17
Other
nonoperating
expenses &
deductions (CV)
CV=(C18-C16)
3,038,489
18
Total
nonoperating
expenses &
deductions (CV)
CV=(C19-C15)
19
Total expenses &
deductions
172,883,555
83,223,649
20,301,048
6,782,566
62,576,292
Prior year amount
161,104,681
75,636,847
18,248,198
6,134,931
61,084,705
486,315
0
0
0
486,315
3,524,804
0
0
0
3,524,804
CV = Calculated Value
You may use the space below to provide context for the data you've reported above.
Institution: Western Carolina University (200004)
User ID: P92000041
Part D - Summary of Changes In Net Assets
Fiscal Year 2008
Line No.
Description
01
Total revenues & other additions (from B25)
Current year amount
180,012,511
190,449,322
02
Total expenses & deductions (from C19)
172,883,555
161,104,681
03
Change in net assets during year (CV)
CV=(D01-D02)
7,128,956
29,344,641
04
Net assets beginning of year
05
Adjustments to beginning net assets (CV)
CV=[D06-(D03+D04)]
06
Net assets end of year (from A18)
297,257,890
Prior year amount
267,913,249
358,696
0
304,745,542
297,257,890
CV = Calculated Value
You may use the space below to provide context for the data you've reported above.
Institution: Western Carolina University (200004)
User ID: P92000041
Part E - Scholarships and Fellowships
Part E - Scholarships and Fellowships
Fiscal Year 2008
Report in whole dollars only
Line No. Source
Current year amount
Prior year amount
Institutional Expenses and Discounts & Allowances
Gross Scholarships and Fellowships (no loans included)
Pell grants (federal)
5,333,737
02
Other federal grants
220,995
212,492
03
Grants by state government
8,329,056
5,614,492
04
Grants by local government
701,457
722,010
05
Institutional grants from restricted resources
793,124
266,657
06
Institutional grants from unrestricted resources (CV)
CV=[E07-(E01+...+E05)]
07
Total gross scholarships and fellowships
01
2,708,217
4,825,348
3,185,343
18,086,586
14,826,342
Discounts and Allowances
08
Discounts & allowances applied to tuition & fees
6,886,407
5,721,097
09
Discounts & allowances applied to sales & services of
auxiliary enterprises (CV)
CV= (E10-E08)
3,514,065
3,256,493
10
Total Discounts & Allowances (CV)
CV=(E07-E11)
10,400,472
8,977,590
11
Net scholarships and fellowships expenses after deducting
discount & allowances (from C10)
7,686,114
5,848,752
CV = Calculated Value
You may use the space below to provide context for the data you've reported above.
Institution: Western Carolina University (200004)
User ID: P92000041
Part F - Component Unit That Uses FASB Standards
Part F - GASB Component Unit that uses FASB Standards
Fiscal Year 2008
Names of entities included:
Primary nature (purpose) of unit(s)
Report in whole dollars only
Line No.
Current year amount
Statement of Financial Position
01
Long-term investments
02
Other assets (CV)
CV=(F03-F01)
72,240,769
03
Total Assets
72,240,769
04
Total liabilities (CV)
CV=(F03-F08)
71,607,008
Net Assets
05
Temporarily restricted
06
Permanently restricted
07
Unrestricted (CV)
CV=[F08-(F05+F06)]
633,761
08
Total net assets
633,761
Institution: Western Carolina University (200004)
User ID: P92000041
Part F - Component Unit That Uses FASB Standards
Part F - GASB Component Unit that uses FASB Standards
Fiscal Year 2008
Report in whole dollars only
Line No.
Current year amount
Statement of Activities
71,000
09
Investment return
10
Other revenues, gains, & other support (CV)
CV=(F11-F09)
1,146,498
11
Total revenues, gains, & other support
1,217,498
12
Total expenses
1,132,383
12a
Expenses paid to institution (included in F12)
13
Total losses (CV)
CV=(F14-F12)
14
Total expenses and losses (CV)
CV=(F11-F15)
15
Change in net assets
16
Net assets -- beginning of year
17
Adjustments to beginning net assets(CV)
CV=[F18-(F15+F16)]
18
Net assets -- end of year (from F08)
CV = Calculated value
You may use the space below to provide context for the data you've reported above.
0
1,132,383
85,115
548,646
0
633,761
Institution: Western Carolina University (200004)
User ID: P92000041
Part H - Details of Endowment Assets
Fiscal Year 2008
Report in whole dollars only
Line
No.
Value of Endowment Assets
Market Value
Prior Year
Amounts
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
32,543,813
29,317,141
02
Value of endowment assets at the end of the fiscal year
34,300,414
32,543,813
Institution: Western Carolina University (200004)
User ID: P92000041
Part J - Revenue Data for Bureau of Census
Part J - Revenues (Census Bureau)
Fiscal Year 2008
Amount
Source and type
Tuition and
01
fees
Total for all funds
and operations
Education and
(includes
general/independent
endowment funds,
operations
but excludes
component units)
(1)
(2)
39,148,712
39,148,712
02
Sales and
services
25,056,792
03
Federal
grants/contracts
(excludes Pell
Grants)
10,093,693
Auxiliary
enterprises
Hospitals
Agriculture
extension/experiment
services
(3)
(4)
(5)
25,056,792
10,093,693
Revenue from the state government:
State
appropriations,
04
current &
capital
05
State grants
and contracts
93,805,913
93,805,913
8,930,868
8,930,868
Revenue from local governments:
Local
appropriation,
06
current &
capital
Local
07 government
grants/contracts
0
31,962
08
Receipts from
property and
non-property
taxes
09
Gifts and
private grants,
including capital
grants
4,973,036
10
Interest
earnings
4,060,322
11
Dividend
earnings
12
Realized capital
gains
31,962
1,049,627
You may use the space below to provide context for the data you've reported above.
0
Institution: Western Carolina University (200004)
User ID: P92000041
Part K - Expenditure Data for Bureau of Census
Part K - Expenditures
Fiscal Year 2008
Amount
Category
Total for all funds
and operations
(includes
endowment funds,
but excludes
component units)
(1)
Education and
general/
independent
operations
Auxiliary
enterprises
Hospitals
Agriculture
extension/
experiment
services
(4)
(5)
(2)
(3)
01 Salaries and wages
83,223,649
74,512,556
8,711,093
02 Employee benefits, total
20,301,049
18,229,141
2,071,908
03
Payment to state
retirement funds (maybe
included in line 02
above)
7,023,456
6,449,641
573,815
04
Current expenditures
other than salaries
30,809,834
30,809,834
29,605,178
8,740,347
20,864,831
2,011,704
1,506,458
505,246
Capital outlay:
05 Construction
06 Equipment purchases
07 Land purchases
0
Interest on debt
08 outstanding, all funds &
activities
1,663,160
09 Scholarships/fellowships
18,086,586
18,086,586
You may use the space below to provide context for the data you've reported above.
Institution: Western Carolina University (200004)
User ID: P92000041
Part L - Debt and Assets, page 1
Part L - Debt and Assets
Fiscal Year 2008
Debt
Category
Amount
01
Long-term debt outstanding at beginning of fiscal year
25,822,921
02
Long-term debt issued during fiscal year
21,900,000
1,392,317
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
46,330,604
You may use the space below to provide context for the data you've reported above.
Institution: Western Carolina University (200004)
User ID: P92000041
Part L - Debt and Assets, page 2
Part L - Debt and Assets (page 2)
Fiscal Year 2008
Assets
Category
Amount
3,619,264
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
19,316,821
09 Total cash and security assets held at end of fiscal year in all other funds
99,331,907
You may use the space below to provide context for the data you've reported above.
Institution: Western Carolina University (200004)
User ID: P92000041
Explanation Report
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