Finance Institution: CUNY Graduate School and University Center (190576) User ID: 36c0021

Transcription

1 Institution: CUNY Graduate School and University Center (19576) User ID: 36c21 Finance 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

2 Institution: CUNY Graduate School and University Center (19576) User ID: 36c21 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.

3 Institution: CUNY Graduate School and University Center (19576) User ID: 36c21 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, 211.) Beginning: month/year Month: 7 Year: 21 (MMYYYY) And ending: month/year Month: 6 Year: 211 (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 (Explain in box below) Don't know (Explain in 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

4 Institution: CUNY Graduate School and University Center (19576) User ID: 36c21 Part A - Statement of Net Assets Fiscal Year: July 1, 21 - June 3, 211 Line no. Current year amount Prior year amount Current Assets 1 Total current assets 25,187,791 36,457,128 Noncurrent Assets 31 Depreciable capital assets, net of depreciation 115,974, ,724,512 4 Other noncurrent assets CV=[A5-A31] 5,49,161 45,292,557 5 Total noncurrent assets 166,384,16 171,17,69 6 Total assets CV=(A1+A5) 191,571,87 27,474,197 Current Liabilities 7 Long-term debt, current portion 2,15,993 6,286,45 8 Other current liabilities CV=(A9-A7) 15,623,375 19,298,663 9 Total current liabilities 17,639,368 25,585,68 Noncurrent Liabilities 1 Long-term debt 111,619, ,11, Other noncurrent liabilities CV=(A12-A1) 36,526,598 33,399, Total noncurrent liabilities 148,146, ,411,61 13 Total liabilities CV=(A9+A12) 165,785,94 216,996,129 Net Assets 14 Invested in capital assets, net of related debt 22,94,369-22,711,55 15 Restricted-expendable 21,938,629 22,968, Restricted-nonexpendable 1,991,184 1,54,89 17 Unrestricted CV=[A18-(A14+A15+A16)] 18 Total net assets CV=(A6-A13) -21,84,279-11,319,67 25,785,93-9,521,932

5

6 Institution: CUNY Graduate School and University Center (19576) User ID: 36c21 Part A - Statement of Net Assets (Page 2) Fiscal Year: July 1, 21 - June 3, 211 Line No. Description Ending balance Prior year Ending balance Capital Assets 21 Land & land improvements 16,5, 16,5, 22 Infrastructure 23 Buildings 216,954, ,98, Equipment, including art and library collections 15,332,326 15,42, Construction in progress 1,48,57 362,562 Total for Plant, Property and Equipment 249,834, ,886,14 CV = (A21+.. A27) 28 Accumulated depreciation 115,385,612 15,268,11 33 Intangible assets, net of accumulated amortization 296, , Other capital assets

7 Institution: CUNY Graduate School and University Center (19576) User ID: 36c21 Part B - Revenues and Other Additions Fiscal Year: July 1, 21 - June 3, 211 Line No. Source of Funds Current year amount Prior year amount Operating Revenues 1 Tuition & fees, after deducting discounts & allowances 19,922,477 19,763,17 Grants and contracts - operating 2 Federal operating grants and contracts 4,151,265 4,445,18 3 State operating grants and contracts 55, ,712 4 Local government/private operating grants and contracts 11,625,312 12,149,593 4a Local government operating grants and contracts 778, ,665 4b Private operating grants and contracts 1,847,43 11,367,928 5 Sales & services of auxiliary enterprises, 182, ,346 after deducting discounts & allowances 6 Sales & services of hospitals, after deducting patient contractual allowances 26 Sales & services of educational activities 7 Independent operations 8 Other sources - operating CV=[B9-(B1+...+B7)] 2,398,746 2,789,153 9 Total operating revenues 38,831,572 39,923,929

8 Institution: CUNY Graduate School and University Center (19576) User ID: 36c21 Part B - Revenues and Other Additions Fiscal Year: July 1, 21 - June 3, 211 Line No. Source of funds Current year amount Prior year amount Nonoperating Revenues 1 Federal appropriations 11 State appropriations 136,65,767 14,195, Local appropriations, education district taxes, & similar support 184, , Grants-nonoperating 13 Federal nonoperating grants 1,173, , State nonoperating grants 15 Local government nonoperating grants 16 Gifts, including contributions from affiliated organizations 1,819,567 1,14, Investment income 254,927 89,98 18 Other nonoperating revenues CV=[B19-(B1+...+B17)] 28,262,485 3,81, Total nonoperating revenues 168,3,87 146,897, Total operating and nonoperating revenues CV=[B19+B9] 27,132, ,821, month Student FTE from E12 CV=[B28a+B28b] 3,16 28a Undergraduates b Graduates 2, Total operating and nonoperating revenues per student FTE CV=[B27/B28] 68,678

9 Institution: CUNY Graduate School and University Center (19576) User ID: 36c21 Part B - Revenues and Other Additions Fiscal Year: July 1, 21 - June 3, 211 Line No. Source of funds Current year amount Prior year amount Other Revenues and Additions 2 Capital appropriations 13,552,514 11,799, Capital grants & gifts 22 Additions to permanent endowments 1, 15, 23 Other revenues & additions CV=[B24-(B2+...+B22)] 24 Total other revenues and additions 13,652,514 11,949, Total all revenues and other additions CV=[B9+B19+B24] 22,784, ,771,694

10 Institution: CUNY Graduate School and University Center (19576) User ID: 36c21 Part C - Expenses and Other Deductions Fiscal Year: July 1, 21 - June 3, Line Description Total amount Salaries & wages Employee fringe benefits Operation and Depreciation Interest All PY Total No. maintenance of plant other Amount Expenses and Deductions 1 Instruction 2,67, ,894,994 77,259,96 33,424, ,1, , , ,687 2 Research 3,888,114 1,927,778 4,719,47 1,491, , , ,5 1,738,1 3 Public service 1,428,964 4,481,478 2,89, ,559 8,138 8,968 4,28 4,946,389 5 Academic support 1,349,449 17,455,843 4,886,321 1,572,354 3,699,765 4,113,84 1,834,114 2,421,995 6 Student services 7,658,367 16,228,196 4,637,73 1,883, , ,49 389,55 16,414,855 7 Institutional support 6,18,673 33,284,849 12,214,259 4,85,355 3,841,818 4,359,236 1,883,58 36,922,97 8 Operation & 8,954,381 36, ,223-9,397,753 maintenance of plant (see instructions) 1 Scholarships and 3,91,287 3,91,287 3,872,661 fellowships expenses, excluding discounts & allowances 11 Auxiliary enterprises 533,653 1,768, ,29 61,48 185, ,65 92,478 1,724, Hospital services 13 Independent operations 14 Other expenses & deductions CV=[C19-(C1+...+C13)] 22,79, ,79,297 3,76, Total expenses & deductions 225,651,996 16,795,66 44,317,967 1,619,351 4,644,415 59,274,657 21,129,125 Prior year amount 21,129,125 14,97,784 4,977,318 11,12,851 1,32,699 42,865, month Student FTE 3,16 from E12 CV=[C2a+C2b] 2a Undergraduates 644 2b Graduates 2, Total expenses and deductions per student FTE CV=[C19/C2] 74,818

11 Institution: CUNY Graduate School and University Center (19576) User ID: 36c21 Part D - Summary of Changes In Net Assets Fiscal Year: July 1, 21 - June 3, 211 Line No. Description Current year amount Prior year amount 1 Total revenues & other additions (from B25) 22,784, ,771,694 2 Total expenses & deductions (from C19) 225,651,996 21,129,125 3 Change in net assets during year -4,867,13-11,357,431 CV=(D1-D2) 4 Net assets beginning of year -9,521, ,854 5 Adjustments to beginning net assets and other gains or losses 4,174,938 1,549,645 CV=[D6-(D3+D4)] 6 Net assets end of year (from A18) 25,785,93-9,521,932

12 Institution: CUNY Graduate School and University Center (19576) User ID: 36c21 Part E - Scholarships and Fellowships Fiscal Year: July 1, 21 - June 3, 211 Line No. Source Current year amount Prior year amount 1 Pell grants (federal) 1,173, ,112 2 Other federal grants 864, ,364 3 Grants by state government 259,664 13,474,21 4 Grants by local government 48,865 78,683 5 Institutional grants from restricted resources 551,57 321,39 6 Institutional grants from unrestricted resources CV=[E7-(E1+...+E5)] 15,53,159 1,675,373 7 Total gross scholarships and fellowships 18,428,895 17,155,123 Discounts and Allowances 8 Discounts & allowances applied to tuition & fees 14,527,69 13,282,462 9 Discounts & allowances applied to sales & services of -1 auxiliary enterprises CV= (E1-E8) 1 Total discounts & allowances CV=(E7-E11) 14,527,68 13,282, Net scholarships and fellowships expenses after deducting discount & allowances (from C1) 3,91,287 3,872,661

13 Institution: CUNY Graduate School and University Center (19576) User ID: 36c21 Part H - Details of Endowment Assets Fiscal Year: July 1, 21 - June 3, 211 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. 1 Value of endowment assets at the beginning of the fiscal year 4,441,918 33,9,571 2 Value of endowment assets at the end of the fiscal year 33,9,571 38,8,424

14 Institution: CUNY Graduate School and University Center (19576) User ID: 36c21 Part J - Revenue Data for Bureau of Census Fiscal Year: July 1, 21 - June 3, 211 Source and type Amount Total for all funds and operations (includes Education and general/independent operations Auxiliary enterprises Hospitals Agriculture extension/experiment services endowment funds, but excludes component units) (1) (2) (3) (4) (5) 1 Tuition and fees 34,45,86 34,45,86 2 Sales and 182,98 182,98 services 3 Federal 4,151,265 4,151,265 grants/contracts (excludes Pell Grants) Revenue from the state government: 4 State 15,158,28 15,158,28 appropriations, current & capital 5 State grants 55,791 55,791 and contracts Revenue from local governments: 6 Local 184, ,197 appropriation, current & capital 7 Local 778, ,269 government grants/contracts 8 Receipts from property and non-property taxes 9 Gifts and private grants, 12,666,61 including capital grants 1 Interest earnings 11 Dividend earnings 254, Realized capital 636,18 gains

15 Institution: CUNY Graduate School and University Center (19576) User ID: 36c21 Part K - Expenditure Data for Bureau of Census Fiscal Year: July 1, 21 - June 3, 211 Category Amount Total for all funds and operations (includes Education and general/ independent operations Auxiliary enterprises Hospitals Agriculture extension/ experiment services endowment funds, but excludes component units) (1) (2) (3) (4) (5) 1 Salaries and wages 16,795,66 16,112, ,29 2 Employee benefits, total 44,317,967 44,256,559 61,48 3 Payment to state retirement funds (maybe included in line 2 above) 4 Current expenditures 32,664,72 32,13,42 other than salaries Capital outlay: 533,652 5 Construction 685, ,495 6 Equipment purchases 824,63 824,63 7 Land purchases 8 Interest on debt outstanding, all funds & activities 9 Scholarships/fellowships 18,428,895 18,428,895

16 Institution: CUNY Graduate School and University Center (19576) User ID: 36c21 Part L - Debt and Assets, page 1 Fiscal Year: July 1, 21 - June 3, 211 Debt Category Amount 1 Long-term debt outstanding at beginning of fiscal year 2 Long-term debt issued during fiscal year 3 Long-term debt retired during fiscal year 4 Long-term debt outstanding at end of fiscal year 5 Short-term debt outstanding at beginning of fiscal year 6 Short-term debt outstanding at end of fiscal year

17 Institution: CUNY Graduate School and University Center (19576) User ID: 36c21 Part L - Debt and Assets, page 2 Fiscal Year: July 1, 21 - June 3, 211 Assets Category 7 Total cash and security assets held at end of fiscal year in sinking or debt service funds 8 Total cash and security assets held at end of fiscal year in bond funds 9 Total cash and security assets held at end of fiscal year in all other funds Amount

18 Institution: CUNY Graduate School and University Center (19576) Summary Finance Survey Summary User ID: 36c21 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 212. 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: or ipedshelp@rti.org. Core Revenues Revenue Source Reported values Percent of total core revenues Core revenues per FTE enrollment Tuition and fees $19,922,477 9% $6,66 Government appropriations $136,789,964 62% $45,355 Government grants and contracts $6,654,189 3% $2,26 Private gifts, grants, and contracts $12,666,61 6% $4,2 Investment income $254,927 % $85 Other core revenues $44,313,745 2% $14,693 Total core revenues $22,61,912 1% $73,144 Total revenues $22,784,893 $73,25 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 $114,894,994 51% $38,95 Research $1,927,778 5% $3,623 Public service $4,481,478 2% $1,486 Academic support $17,455,843 8% $5,788 Institutional support $33,284,849 15% $11,36 Student services $16,228,196 7% $5,381

19 Core Expenses Other core expenses $26,61,586 12% $8,823 Total core expenses $223,883,724 1% $74,232 Total expenses $225,651,996 $74,818 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 3,16 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 12- month instructional activity (credit and/or contact hours). All doctor s degree students are reported as graduate students.

20 Institution: CUNY Graduate School and University Center (19576) Edit Report User ID: 36c21 Finance Institution: CUNY Graduate School and University Center (19576) Source Description Severity Resolved Options Screen: Assets Upload File This number should be greater than zero. Please explain. (Error #5148) Explanation Yes Back to survey data Reason: Other than the operation result, the unrestricted net assets in deficit is primarily attributable to recording: 1) the liabilities of accrued compensated vacation leaves and accumulated sick leaves in accordance with GASB Statement No. 16, Accounting for Compensated Absences, and 2) the liabilities for postemployment benefits to employees in accordance with GASB Statement No. 45 Accounting and Financial Reporting by Employers for Postemployment Benefits Other Than Pensions. Screen: Part 1 Screen Entry The amount of depreciation allocated to instruction expenses is relatively high (or relatively low) compared to the total depreciation expense. If you believe this number is correct, please contact the Help Desk. (Error #5176) Fatal Yes Back to survey data Reason: Overridden by administrator. KH confirmed that this is correct and that the allocation is based on percentage of room usage for the Office of Space Planning & Capital Budget. JLM Screen Entry The amount of operation and maintenance of plant allocated to instruction expenses is relatively high (or relatively low) compared to the total operation and maintenance of plant expense. If you believe this number is correct, please contact the Help Desk. (Error #5175) Fatal Yes Back to survey data Reason: Overridden by administrator.kh confirmed that this is correct and that the allocation is based on percentage of room usage for the Office of Space Planning & Capital Budget. JLM

21 Screen Entry The amount of interest allocated to instruction expenses is relatively high (or relatively low) compared to the total interest expense. If you believe this number is correct, please contact the Help Desk. (Error #5178) Fatal Yes Back to survey data Reason: Overridden by administrator. KH confirmed that this is correct and that the allocation is based on percentage of room usage for the Office of Space Planning & Capital Budget. JLM Screen Entry The number entered, 4,644,415, has an expected range of between 5,151,35 and 15,454,48 based on last year's amount. Please explain this difference. (Error #531) Explanation Yes Back to survey data Reason: The variance was mainly due to the refinement in the methodology for allocating capital assets, and related long-term debts from University Management to each College. Screen: Net Assets Perform Edits The amount of adjustments to beginning net assets is not within the expected range. Please explain. (Error #5184) Explanation Yes Back to survey data Reason: Adjustments to beginning net assets. The capital assets and related debts managed by the CUNY Central Office on behalf of the colleges were previously recorded in the CUNY System Office (1935). During fiscal year 211, additional capital assets and related debts managed by the CUNY Central Office were allocated to colleges based on the projects performed at each college with the bond proceeds utilized accordingly. Furthermore, the revenues and expenses associated with the capital assets and related debts were also allocated to each college. The allocations derive the difference which is reported as an adjustment to beginning net assets. Additionally, the OPEB (Other Postretirement Employee Benefits) liabilities and expenses related to Research Foundation employees were recorded in the CUNY System Office (1935) in prior year. In fiscal year 211, those OPEB liabilities and expenses for those employees were also allocated to each CUNY college. The differences from such allocation were also reported as an adjustment to beginning net assets. Related Net Assets Screens:

22 Perform Edits This number is expected to be greater than zero. Please verify. (Error #522) Related Net Assets Screens: Screen: Scholarships & Fellowships Upload The number entered, 1,173,864, File does not lie within the expected range of between 343,56 and 1,29,168 when compared to last year's value. Please explain the difference if the value reported is correct. (Error #532) Confirmation Yes Back to survey data Explanation Yes Back to survey data Reason: The fiscal year 211 Pell funds increased because more baccalaureate and certificate students were eligible for Pell and enrollments increased; and, the maximum Pell grant increased from $5,35 to $5,55.