finance 2016-17 institution: university of arkansas at...

Finance 2016-17Institution: University of Arkansas at Little Rock (106245)User ID: P1062451

OverviewFinance Overview

Purpose The purpose of the IPEDS Finance component is to collect basic financial information from items associated with theinstitution's General Purpose Financial Statements.

There are a few new changes to the 2016-17 Finance data collection:

•For all institutions, the expense matrix has been removed and expenses are collected by functional and naturalclassification categories separately, except for salaries and wages.•For GASB institutions, fields to collect deferred outflows and inflows of resources separately from current assets andliabilities to comply with GASB 63 have been added.

Please review the new screens and survey materials carefully.

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.

https://surveys.nces.ed.gov/ipeds/VisIndex.aspx

http://192.168.102.153/IPEDS/PriorYearDataRedirect.aspx?survey_id=5

Institution: University of Arkansas at Little Rock (106245)User ID: P1062451

Finance - Public institutionsReporting 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 thisquestion will determine the forms you will receive for reporting finance data.


Finance - Public institutionsGeneral Information

GASB-Reporting Institutions (aligned form)To the extent possible, the finance data requested in this report should be provided from your institution's auditedGeneral Purpose Financial Statements (GPFS). Please refer to the instructions specific to each screen of the survey fordetails and references.1. Fiscal Year CalendarThis report covers financial activities for the 12-month fiscal year: (The fiscal year reported should be the mostrecent fiscal year ending before October 1, 2016.)Beginning: month/year (MMYYYY) Month: 7 Year: 2015And ending: month/year (MMYYYY) Month: 6 Year: 20162. Audit OpinionDid your institution receive an unqualified opinion on its General Purpose Financial Statements from your auditor for thefiscal year noted above? (If your institution is audited only in combination with another entity, answer this question basedon the audit of that entity.) Unqualified Qualified

(Explain inbox below)

Don't know(Explain inbox below)

3. Reporting ModelGASB Statement No. 34 offers three alternative reporting models for special-purpose governments like colleges anduniversities. Which model is used by your institution? Business Type Activities

Governmental Activities

Governmental Activities with Business-Type Activities

4. Intercollegiate AthleticsIf your institution participates in intercollegiate athletics, are the expenses accounted for as auxiliary enterprises ortreated as student services? Auxiliary enterprises

Student services

Does not participate in intercollegiate athletics

Other (specify in box below)

5. Endowment AssetsDoes this institution or any of its foundations or other affiliated organizations own endowment assets ? No

Yes - (report endowment assets)

6. PensionDoes your institution include pension liabilities, expenses, and/or deferrals for one or more defined benefit pension plansin its General Purpose Financial Statements? No

Yes You may use the space below to provide context for the data you've reported above.


Part A - Statement of Net Position Page 1Fiscal Year: July 1, 2015 - June 30, 2016

If your institution is a parent institution then the amounts reported in Parts A and D should include ALL of yourchild institutions

Line no. Current year amount Prior year amount

Assets 01 Total current assets 61,986,764 60,915,295

31 Depreciable capital assets, net of depreciation 240,116,118 249,351,15204 Other noncurrent assets

CV=[A05-A31] 11,947,044 16,672,599

05 Total noncurrent assets 252,063,162 266,023,751

06 Total assetsCV=(A01+A05)

314,049,926 326,939,046

19 Deferred outflows of resources 7,428,114 Liabilities

07 Long-term debt, current portion 6,438,270 7,186,55408 Other current liabilities

CV=(A09-A07) 6,167,468 9,270,028

09 Total current liabilities 12,605,738 16,456,582

10 Long-term debt 118,654,218 123,907,07011 Other noncurrent liabilities

CV=(A12-A10) 16,321,697 13,616,417

12 Total noncurrent liabilities 134,975,915 137,523,487

13 Total liabilitiesCV=(A09+A12)

147,581,653 153,980,069

20 Deferred inflows of resources 871,072 Net Position

14 Invested in capital assets, net of related debt 120,165,305 124,288,35715 Restricted-expendable 13,747,204 12,513,54116 Restricted-nonexpendable 8,040,662 8,447,49517 Unrestricted

CV=[A18-(A14+A15+A16)] 31,072,144 27,709,584

18 Net positionCV=[(A06+A19)-(A13+A20)]

173,025,315 172,958,977

You may use the space below to provide context for the data you've reported above.


Part A - Statement of Net Position Page 2Fiscal Year: July 1, 2015 - June 30, 2016

Line No. Description Ending balance Prior year

Ending balance Capital Assets

21 Land and land improvements 39,452,887 39,158,22222 Infrastructure 0 023 Buildings 318,405,738 317,681,60732 Equipment, including art and library collections 67,566,963 67,487,52127 Construction in progress 32,774,033 29,320,103

Total for Plant, Property and EquipmentCV = (A21+ .. A27)

458,199,621 453,647,453

28 Accumulated depreciation 218,083,503 204,296,30133 Intangible assets, net of accumulated amortization 0 034 Other capital assets 0 0



Part D - Summary of Changes In Net PositionFiscal Year: July 1, 2015 - June 30, 2016

If your institution is a parent institution then the amounts reported in Parts A and D should include ALL of yourchild institutions

LineNo.

Description Current yearamount

Prior yearamount

01 Total revenues and other additions for this institution AND all of its childinstitutions

190,402,800 189,292,661

02 Total expenses and deductions for this institution AND all of its child

institutions 191,394,274 191,993,419

03 Change in net position during year

CV=(D01-D02) -991,474 -2,700,758

04 Net position beginning of year for this institution AND all of its childinstitutions 174,016,789 176,717,547

05 Adjustments to beginning net position and other gains or lossesCV=[D06-(D03+D04)]

0 -1,057,812

06 Net position end of year for this institution AND all of its childinstitutions (from A18)

173,025,315 172,958,977



Part E - Scholarships and FellowshipsFiscal Year: July 1, 2015 - June 30, 2016

DO NOT REPORT FEDERAL DIRECT STUDENT LOANS (FDSL) ANYWHERE IN THIS SECTION

LineNo.

Scholarships and Fellowships Current yearamount

Prior yearamount

01 Pell grants (federal) 15,550,944 16,065,53702 Other federal grants (Do NOT include FDSL amounts) 1,046,734 1,118,37703 Grants by state government 7,358,514 7,576,47104 Grants by local government 0 005 Institutional grants from restricted resources 1,397,975 1,221,13106 Institutional grants from unrestricted resources

CV=[E07-(E01+...+E05)] 19,605,061 18,423,402

07 Total revenue that funds scholarships and fellowships 44,959,228 44,404,918 Discounts and Allowances

08 Discounts and allowances applied to tuition and fees 25,220,597 24,922,76109 Discounts and allowances applied to sales and services of

auxiliary enterprises 4,964,770 4,386,227

10 Total discounts and allowancesCV=(E08+E09)

30,185,367 29,308,988

11 Net scholarships and fellowships expenses after deducting

discounts and allowancesCV= (E07-E10) This amount will be carried forward to C10 of theexpense section.

14,773,861 15,095,930



Part B - Revenues by Source (1)Fiscal Year: July 1, 2015 - June 30, 2016

Line No. Source of Funds Current year amount Prior year amount Operating Revenues

01 Tuition and fees, after deducting discounts & allowances 47,512,629 48,439,546 Grants and contracts - operating

02 Federal operating grants and contracts 10,756,677 9,342,54203 State operating grants and contracts 12,155,697 12,245,74604 Local government/private operating grants and contracts 1,515,755 2,512,125

04a Local government operating grants and contracts 0 0 04b Private operating grants and contracts 1,515,755 2,512,125

05 Sales and services of auxiliary enterprises,after deducting discounts and allowances

13,091,944 11,910,280

06 Sales and services of hospitals,after deducting patient contractual allowances

0 0

26 Sales and services of educational activities 2,091,069 2,102,13107 Independent operations 0 008 Other sources - operating

CV=[B09-(B01+ ....+B07)] 1,926,681 1,832,889

09 Total operating revenues 89,050,452 88,385,259



LineNo.

Source of funds Current yearamount

Prior yearamount

Nonoperating Revenues 10 Federal appropriations 0 011 State appropriations 68,359,480 68,415,58712 Local appropriations, education district taxes, and similar support 0 0

Grants-nonoperating 13 Federal nonoperating grants Do NOT include Federal Direct Student

Loans 16,597,677 17,183,915

14 State nonoperating grants 7,358,513 7,576,47115 Local government nonoperating grants 0 016 Gifts, including contributions from affiliated organizations 7,163,137 5,990,88717 Investment income 609,009 685,69918 Other nonoperating revenues

CV=[B19-(B10+...+B17)] 1,084,460 1,033,714

19 Total nonoperating revenues 101,172,276 100,886,27327 Total operating and nonoperating revenues

CV=[B19+B09] 190,222,728 189,271,532

28 12-month Student FTE from E12 8,737 8,85629 Total operating and nonoperating revenues per student FTE

CV=[B27/B28] 21,772 21,372



Line No. Source of funds Current year amount Prior year amount

Other Revenues and Additions 20 Capital appropriations 0 021 Capital grants and gifts 180,072 21,12922 Additions to permanent endowments 0 023 Other revenues and additions

CV=[B24-(B20+...+B22)] 0 0

24 Total other revenues and additionsCV=[B25-(B9+B19)]

180,072 21,129

25 Total all revenues and other additions 190,402,800 189,292,661



Part C-1 - Expenses by Functional ClassificationFiscal Year: July 1, 2015 - June 30, 2016

Report Total Operating AND Nonoperating Expenses in this sectionLine No. Expense: Functional Classifications Total amount Prior Year

Total AmountSalaries and wages Prior Year

Salaries and wages (1) (2)

01 Instruction 54,646,860 69,198,819 39,537,275 40,670,21302 Research 10,791,333 13,891,350 6,580,600 7,068,14303 Public service 18,379,706 22,065,439 9,412,965 9,052,59905 Academic support 20,820,697 26,304,727 11,535,106 11,805,31006 Student services 8,696,146 10,898,638 5,727,774 5,525,10107 Institutional support 14,326,435 17,903,952 9,062,584 9,567,73810 Scholarships and fellowships expenses,

net of discounts and allowances(from Part E, line 11)

14,773,861 15,095,930

11 Auxiliary enterprises 14,921,040 16,358,298 4,712,859 4,476,33712 Hospital services 0 0 0 013 Independent operations 0 0 0 014 Other Functional Expenses and deductions

CV=[C19-(C01+...+C13)] 34,038,196 276,266 5,126,528 0

19 Total expenses and deductions 191,394,274 191,993,419 91,695,691 92,898,616


Part C-2 - Expenses by Natural ClassificationFiscal Year: July 1, 2015 - June 30, 2016

Line No. Expense: Natural Classifications Total Amount Prior year amount

19-2 Salaries and Wages(from Part C-1,Column 2 line 19) 91,695,691 92,898,61619-3 Benefits 23,614,223 24,420,32319-4 Operation and Maintenance of Plant (as a natural expense) 14,884,296 15,047,49619-5 Depreciation 15,651,059 16,076,80319-6 Interest 3,021,764 3,870,38419-7 Other Natural Expenses and Deductions

CV=[C19-1 - (C19-2 + ... + C19-6)] 42,527,241

19-1 Total Expenses and Deductions(from Part C-1, Line 19)

191,394,274 191,993,419

20-1 12-month Student FTE (from E12 survey) 8,737 8,85621-1 Total expenses and deductions per student FTE

CV=[C19-1/C20-1] 21,906 21,679



Part M - Pension InformationFiscal Year: July 1, 2015 - June 30, 2016

Line No. Description Current year amount Prior Year amount

01 Pension expense -127,391 -454,523 02 Net Pension liability 6,794,593 4,313,030 03 Deferred inflows related to pension 871,072 1,773,329 04 Deferred outflows related to pension 3,099,216 1,438,624



Part H - Details of Endowment AssetsFiscal Year: July 1, 2015 - June 30, 2016

LineNo.

Value of Endowment Assets MarketValue

Prior YearAmounts

Include not only endowment assets held by the institution, but any assets held byprivate foundations affiliated with the institution.

01 Value of endowment assets at the beginning of the fiscal year 68,891,145 84,967,95102 Value of endowment assets at the end of the fiscal year 66,174,546 68,891,145



Part J - Revenue Data for the Census BureauFiscal Year: July 1, 2015 - June 30, 2016

Source and type AmountTotal for all

fundsand operations

(includesendowment

funds,but excludescomponent

units)

Education andgeneral/independent

operations

Auxiliaryenterprises

Hospitals Agricultureextension/experiment

services

(1) (2) (3) (4) (5)01Tuition and fees 72,733,226 72,733,226 02Sales and services 20,147,783 2,091,069 18,056,714 0 003Federal

grants/contracts(excludes Pell Grants)

11,803,410 11,803,410 0 0 0

Revenue from the state government:04State appropriations,

current & capital 68,359,480 68,359,480 0 0 0

05State grants andcontracts

19,514,210 19,514,210 0 0 0

Revenue from local governments:06Local appropriation,

current & capital 0 0 0 0 0

07Local governmentgrants/contracts

0 0 0 0 0

08Receipts from propertyand non-property taxes

0

09Gifts and privategrants,NOT including capitalgrants

9,943,424

10Interest earnings 1,135,589 11Dividend earnings 0 12Realized capital gains -526,580 You may use the space below to provide context for the data you've reported above.


Part K - Expenditure Data for the Census BureauFiscal Year: July 1, 2015 - June 30, 2016

Category Total for all funds and operations (includesendowment funds,

but excludescomponent units)

Education andgeneral/

independentoperations

Auxiliaryenterprises

Hospitals Agricultureextension/experiment

services

(1) (2) (3) (4) (5)02Employee benefits, total 23,614,223 22,367,202 1,247,021 0 003Payment to state retirement funds

(maybe included in line 02 above) 1,135,545 1,039,973 95,572 0 0

04Current expenditures includingsalaries

156,330,968 141,505,500 14,825,468 0 0

Capital outlays 05Construction 4,021,502 3,990,816 30,686 0 006Equipment purchases 999,916 989,032 10,884 0 007Land purchases 97,335 97,335 0 0 008Interest on debt outstanding, all

funds and activities 3,021,764



Part L - Debt and Assets for Census Bureau, page 1Fiscal Year: July 1, 2015 - June 30, 2016

DebtCategory Amount01 Long-term debt outstanding at beginning of fiscal year 131,093,62402 Long-term debt issued during fiscal year 54,077,63803 Long-term debt retired during fiscal year 60,078,77404 Long-term debt outstanding at end of fiscal year 125,092,48805 Short-term debt outstanding at beginning of fiscal year 006 Short-term debt outstanding at end of fiscal year 0



Part L - Debt and Assets for Census Bureau, page 2Fiscal Year: July 1, 2015 - June 30, 2016

AssetsCategory Amount07 Total cash and security assets held at end of fiscal year in sinking or debt service funds 13,03808 Total cash and security assets held at end of fiscal year in bond funds 1,231,85009 Total cash and security assets held at end of fiscal year in all other funds 64,435,513 You may use the space below to provide context for the data you've reported above.


Prepared by This survey component was prepared by: Keyholder SFA Contact HR Contact

Finance Contact Academic Library Contact Other

Name: Thierno Sako Email: [email protected] How long did it take to prepare thissurvey component?

8hours minutes

The name of the preparer is being collected so that we can follow up with the appropriate person in the event that thereare 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 thereporting 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 CollectionSystem.Thank you for your assistance.

Institution: University of Arkansas at Little Rock (106245) User ID: P1062451Summary

Finance Survey Summary

IPEDS collects important information regarding your institution. All data reported in IPEDSsurvey components become available in the IPEDS Data Center and appear as aggregated datain various Department of Education reports. Additionally, some of the reported data appearsspecifically for your institution through the College Navigator website and is included in yourinstitution’s Data Feedback Report (DFR). The purpose of this summary is to provide you anopportunity to view some of the data that, when accepted through the IPEDS quality controlprocess, will appear on the College Navigator website and/or your DFR. College Navigator isupdated approximately three months after the data collection period closes and Data FeedbackReports will be available through the Data Center and sent to your institution’s CEO inNovember 2016.

Please review your data for accuracy. If you have questions about the data displayed belowafter reviewing the data reported on the survey screens, please contact the IPEDS Help Desk at:1-877-225-2568 or [email protected].

Core Revenues

Revenue Source Reported values Percent of total corerevenues

Core revenues per FTEenrollment

Tuition and fees $47,512,629 27% $5,438

State appropriations $68,359,480 39% $7,824

Local appropriations $0 0% $0

Government grants and contracts $46,868,564 26% $5,364

Private gifts, grants, and contracts $8,678,892 5% $993

Investment income $609,009 0% $70

Other core revenues $5,282,282 3% $605

Total core revenues $177,310,856 100% $20,294

Total revenues $190,402,800 $21,793

Other core revenues include federal appropriations; sales and services of educational activities; other operating andnonoperating sources; and other revenues and additions (e.g., capital appropriations, capital grants and gifts, etc.). Corerevenues exclude revenues from auxiliary enterprises (e.g., bookstores, dormitories), hospitals, and independent operations.For institutions reporting in Full parent/child relationships, core revenues per FTE enrollment amounts will not be allocated tochild institutions.

Core Expenses

Expense function Reported values Percent of total coreexpenses

Core expenses per FTEenrollment

Instruction $54,646,860 31% $6,255

Research $10,791,333 6% $1,235

Public service $18,379,706 10% $2,104

Academic support $20,820,697 12% $2,383

Institutional support $14,326,435 8% $1,640

Student services $8,696,146 5% $995

Other core expenses $48,812,057 28% $5,587

Total core expenses $176,473,234 100% $20,198

Total expenses $191,394,274 $21,906

Other core expenses include scholarships and fellowships, net of discounts and allowances, and other expenses. Core expensesexclude expenses from auxiliary enterprises (e.g., bookstores, dormitories), hospitals, and independent operations. Forinstitutions reporting in Full parent/child relationships, core expenses per FTE enrollment amounts will not be allocated to childinstitutions.

Calculated value

http://nces.ed.gov/ipeds/datacenter/

FTE enrollment 8,737

The full-time equivalent (FTE) enrollment used in this report is the sum of the institution’s FTE undergraduate enrollment andFTE 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.

Institution: University of Arkansas at Little Rock (106245) User ID: P1062451Edit Report

Finance

University of Arkansas at Little Rock (106245)

Source Description Severity Resolved OptionsScreen: Changes to Net Position

ScreenEntry

The reported value of Net position beginning of year (line 04) isexpected to be equal to the prior year amount of Net positionend of year (line 06). Please correct your data or explain. (Error#5303)

Explanation Yes

Reason: The prior year amount of Net position end of year (line 06) of $172,958,977 is incorrect. The system carried it forwardfrom A18. The calculation on A18 should have included a net amount of ($1,057,812), deferred outflows of resources of$2,831,141 less deferred inflows of resources $1,773,329

ScreenEntry

The calculated amount of change in net position during the yearin Part D (line 03) is expected to be greater than zero. Pleaseconfirm that the data reported are correct. (Error #5202)

Confirmation Yes

Screen: Revenues Part 3ScreenEntry

The amount of additions to permanent endowments reported inPart B (line 22) should not be zero or blank. Please confirm thatthe data reported are correct. (Error #5231)

Confirmation Yes

RelatedScreens:

Revenues Part 3

Screen: PensionScreenEntry

The value is outside the expected range. Please correct yourdata or explain. (Error #5280)

Explanation Yes

Reason: The increase is due to the increase of the Pension Experience Deferred Inflow of $361,170.27, the Pension InvestmentDeferred Inflow of $1,272,357.15, and Change in Proportion Deferred Inflow of $8,930.

ScreenEntry

The value is outside the expected range. Please correct yourdata or explain. (Error #5280)

Explanation Yes

Reason: The variance is attributable to the increase of Pension Contribution Deferred Outflows ($207,050.34), Pension ChangeAssumption Deferred Outflows ($467,620), Change in Proportion Deferred Outflows ($953,287), Pension ExperienceDeferred Outflow ($15,052) and the Pension Investment Deferred Outflow ($63,688)

finance 2016-17 institution: university of arkansas at...

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