Finance 2008-09
Institution: University of North Florida (136172)
User ID: p81361721

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: University of North Florida (136172)
User ID: p81361721

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: University of North Florida (136172)
User ID: p81361721

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:Year:
And ending: month/year (MMYYYY)Month:Year:
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.)
    UnqualifiedQualifiedDon'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.
    Number of component unit columns on GPFS using FASB standards
 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: University of North Florida (136172)
User ID: p81361721

Part A - Statement of Net Assets
Fiscal Year 2008
 Report in whole dollars only
 
Line no. Current year amountPrior year amount
 Current Assets  
01Total Current Assets 131,615,000
 
 Noncurrent Assets  
02Capital assets - depreciable (gross) 309,200,914
03Accumulated depreciation (enter as a positive amount) 132,014,209
31Capital assets Net of depreciation204,213,246 
04Other noncurrent assets (CV)
CV=[A05-(A02-A03)]		210,425,847 155,039,936
05Total noncurrent assets 332,226,641
 
06Total assets (CV)
CV=(A01+A05)		529,686,907 463,841,641
 
 Current Liabilities  
07Long-term debt, current portion 2,111,523
08Other current liabilities (CV)
CV=(A09-A07)		30,361,511 21,296,602
09Total current liabilities 23,408,125
 
 Noncurrent Liabilities  
10Long-term debt 143,476,326
11Other noncurrent liabilities (CV)
CV=(A12-A10)		10,818,361 10,154,955
12Total noncurrent liabilities 153,631,281
 
13Total liabilities (CV)
CV=(A09+A12)		193,813,510 177,039,406
 
 Net Assets  
14Invested in capital assets, net of related debt 143,375,648
15Restricted-expendable 0
16Restricted-nonexpendable 100,350,790
17Unrestricted (CV)
CV=[A18-(A14+A15+A16)]		0 43,075,797
18Total Net assets (CV)
CV=(A06-A13)		335,873,397 286,802,235
 
 
CV= Calculated Value
 
You may use the space below to provide context for the data you've reported above.
 
Institution: University of North Florida (136172)
User ID: p81361721

Part A - Plant, Property, and Equipment
Fiscal Year 2008
 Report in whole dollars only
 
Line No.DescriptionBeginning
balance		AdditionsRetirements
(CV)		Ending balance
 Plant, Property, and Equipment    
 
21Land & land improvements0
22Infrastructure3,516,084
23Buildings9,630,920
24Equipment1,849,490
25Art and library collections0
26Property obtained under capital leases
(if not included in equipment)		1,431,628
27Construction in progress7,023,823
28Accumulated depreciation13,819,320
 
 CV = (Beginning Balance + Additions - Ending Balance)  
 
You may use the space below to provide context for the data you've reported above.
 
Institution: University of North Florida (136172)
User ID: p81361721

Part B - Revenues and Other Additions
Fiscal Year 2008
 Report in whole dollars only  
 
Line No.Source of FundsCurrent year amountPrior year amount
 Operating Revenues  
01Tuition & fees, after deducting discounts & allowances33,576,562
 Grants and contracts - operating  
02Federal operating grants and contracts9,561,067
03State operating grants and contracts2,868,090
04Local/private operating grants and contracts3,961,536
05Sales & services of auxiliary enterprises,
after deducting discounts & allowances		8,945,751
06Sales & services of hospitals,
after deducting patient contractual allowances		0
07Independent operations0
08Other sources - operating (CV)
CV=[B09-(B01+ ....+B07)]		248,674576,944
09Total operating revenues59,489,950
 
 
Institution: University of North Florida (136172)
User ID: p81361721

Part B - Revenues and Other Additions
Fiscal Year 2008
 Report in whole dollars only
 
Line No.Source of fundsCurrent year amountPrior year amount
 Nonoperating Revenues  
10Federal appropriations0
11State appropriations88,955,430
12Local appropriations, education district taxes, & similar support0
 Grants-nonoperating  
13Federal nonoperating grants7,856,442
14State nonoperating grants13,828,654
15Local nonoperating grants0
16Gifts, including contributions from affiliated organizations3,551,085
17Investment income4,981,351
18Other nonoperating revenues (CV)
CV=[B19-(B10+...+B17)]		5,231,3494,632,023
19Total nonoperating revenues123,804,985
 
 
Institution: University of North Florida (136172)
User ID: p81361721

Part B - Revenues and Other Additions
Fiscal Year 2008
 Report in whole dollars only
 
Line No.Resource of fundsCurrent year amountPrior year amount
 Other Revenues and Additions  
20Capital appropriations36,262,492
21Capital grants & gifts0
22Additions to permanent endowments0
23Other revenues & additions (CV)
CV=[B24-(B20+...+B22)]		10,518,5155,938,301
24Total other revenues and additions42,200,793
 
25Total all revenues and other additions (CV)
CV=(B09+B19+B24)		243,597,716225,495,728
 
CV = Calculated Value
 
You may use the space below to provide context for the data you've reported above.
 
Institution: University of North Florida (136172)
User ID: p81361721

Part C - Expenses and Other Deductions
Fiscal Year 2008
 Report in whole dollars only                              
  12345
Line No.DescriptionCurrent year totalSalaries & wagesEmployee fringe benefitsDepreciationAll other                    
 Operating Expenses 
01Instruction62,319,014
02Research5,868,767
03Public service6,002,060
05Academic support15,098,867
06Student services17,178,392
07Institutional support16,639,903
08Operation & maintenance
of plant		15,607,272
09Depreciation  14,935,1410
10Scholarships and fellowships
expenses, excluding discounts & allowances (do not include work study here)		 9,942,900
11Auxiliary enterprises25,983,849
12Hospital services0
13Independent operations0
14Other expenses
& deductions (CV)
CV=[C15-(C01+...+C13)]		10001
15Total operating expenses174,641,025
 Prior year amount178,271,6610014,359,351163,912,310
 
 
Institution: University of North Florida (136172)
User ID: p81361721

Part C - Expenses and Other Deductions
Fiscal Year 2008
 Report in whole dollars only                              
  12345
Line No.DescriptionCurrent year totalSalaries & wagesEmployee fringe benefitsDepreciationAll other                    
 Nonoperating Expenses and Deductions     
16Interest   1,862,064
17Other nonoperating expenses & deductions (CV)
CV=(C18-C16)		838,507000838,507
18Total nonoperating
expenses & deductions (CV)
CV=(C19-C15)		2,700,5710002,700,571
 
19Total expenses & deductions177,341,596
 Prior year amount181,038,2250014,359,351166,678,874
 
CV = Calculated Value
 
You may use the space below to provide context for the data you've reported above.
 
Institution: University of North Florida (136172)
User ID: p81361721

Part D - Summary of Changes In Net Assets
Fiscal Year 2008
 
Line No.DescriptionCurrent year amountPrior year amount
01Total revenues & other additions (from B25)243,597,716225,495,728
 
02Total expenses & deductions (from C19)192,276,737181,038,225
 
03Change in net assets during year (CV)
CV=(D01-D02)		51,320,97944,457,503
04Net assets beginning of year242,344,732
05Adjustments to beginning net assets (CV)
CV=[D06-(D03+D04)]		-2,249,8170
06Net assets end of year (from A18)335,873,397286,802,235
 
CV = Calculated Value
 
You may use the space below to provide context for the data you've reported above.
 
Institution: University of North Florida (136172)
User ID: p81361721

Part E - Scholarships and Fellowships
Part E - Scholarships and Fellowships
Fiscal Year 2008
 Report in whole dollars only  
 
Line No.SourceCurrent year amountPrior year amount
 Institutional Expenses and Discounts & Allowances  
 Gross Scholarships and Fellowships (no loans included)  
01Pell grants (federal) 7,856,442
02Other federal grants0
03Grants by state government13,828,654
04Grants by local government0
05Institutional grants from restricted resources0
06Institutional grants from unrestricted resources (CV)
CV=[E07-(E01+...+E05)]		10
07Total gross scholarships and fellowships 21,685,096
 
 Discounts and Allowances  
08Discounts & allowances applied to tuition & fees18,786,210
09Discounts & allowances applied to sales & services of
auxiliary enterprises (CV)
CV= (E10-E08)		14,315,4890
10Total Discounts & Allowances (CV)
CV=(E07-E11)		35,132,58918,786,210
 
11Net scholarships and fellowships expenses after deducting
discount & allowances (from C10)		9,942,9002,898,886
 
CV = Calculated Value
 
You may use the space below to provide context for the data you've reported above.
 
Institution: University of North Florida (136172)
User ID: p81361721

Part G - Component Unit that Uses GASB Standards
Part G - GASB Component Unit that uses GASB Standards
Fiscal Year 2008
  
 
Names of entities included:
Primary nature of unit(s)
 
 Report in whole dollars only
 
Line No.  Current year amount
Statement of Net Assets
 
01Total current assets 
02Total non-current assets (CV)
CV=(G03-G01)		 114,194,877
03Total Assets 
 
04Total current liabilities 
05Total noncurrent liabilities (CV)
CV=(G06-G04)		 1,279,722
06Total liabilities (CV)
CV=(G3-G11)		 2,775,277
 
 Net Assets  
07Invested in capital assets, net of related debt  
08Restricted-expendable 
09Restricted-nonexpendable 
10Unrestricted (CV)
CV=[G11-(G07+...+G09)]		 5,115,065
11Total net assets 
 
 
Institution: University of North Florida (136172)
User ID: p81361721

Part G - Component Unit that Uses GASB Standards
Part G - GASB Component Unit that uses GASB Standards
Fiscal Year 2008
 
 Report in whole dollars only
 
Line No.  Current year amount
Statement of revenues, expenses, and Changes in Net Assets
 
12Total operating revenues 
13Total operating expenses 
 13aExpenses paid to institution (included in G13) 
14Net operating revenues (Expenses) (CV)
CV=(G12-G13)		 -2,445,241
 
15Total nonoperating revenues 
16Total nonoperating expenses (CV)
CV=[(G14+G15)-G17]		 956,731
17Net income before other revenues, expenses, gains, or losses 
 
18Total other additions & deductions (CV)
CV=(G19-G17)		 -2,956,468
19Change in net assets 
 
20Net assets -- beginning of year 
21Adjustments to beginning net assets (CV)
[G22-(G19+G20)]		 0
22Net assets -- end of year (from G11) 115,375,844
 
 
CV = Calculated value  
 
You may use the space below to provide context for the data you've reported above.
 
Institution: University of North Florida (136172)
User ID: p81361721

Part H - Details of Endowment Assets
Fiscal Year 2008
Report in whole dollars only
Line No.Value of Endowment AssetsMarket ValuePrior Year Amounts
  Include not only endowment assets held by the institution, but any assets held by private foundations affiliated with the institution.  
01Value of endowment assets at the beginning of the fiscal year  76,126,891
02Value of endowment assets at the end of the fiscal year  88,785,081
Institution: University of North Florida (136172)
User ID: p81361721

Part J - Revenue Data for Bureau of Census
Part J - Revenues (Census Bureau)
Fiscal Year 2008
Source and typeAmount
Total for all funds
and operations
(includes
endowment funds,
but excludes component units)		Education and general/independent operationsAuxiliary enterprises Hospitals Agriculture extension/experiment services
 (1)  (2)(3)(4)(5)
01Tuition and fees57,168,85057,168,850   
02Sales and services34,668,02534,668,025
03Federal grants/contracts (excludes Pell Grants)7,494,473
 Revenue from the state government:
04State appropriations, current & capital121,395,079
05State grants and contracts2,250,061
 Revenue from local governments:
06Local appropriation, current & capital0
07Local government grants/contracts0
08Receipts from property and non-property taxes 
09Gifts and private grants, including capital grants 
10Interest earnings 
11Dividend earnings 
12Realized capital gains 
 
You may use the space below to provide context for the data you've reported above.
 
Institution: University of North Florida (136172)
User ID: p81361721

Part K - Expenditure Data for Bureau of Census
Part K - Expenditures
Fiscal Year 2008
CategoryAmount
Total for all funds and operations (includes endowment funds, but excludes component units)Education and general/
independent operations		Auxiliary enterprisesHospitals Agriculture extension/
experiment services
 (1)(2)(3)(4)(5)
01Salaries and wages122,483,561
02Employee benefits, total0
03Payment to state retirement funds (maybe included in line 02 above)0
04Current expenditures other than salaries0
 Capital outlay: 
05Construction0
06Equipment purchases0
07Land purchases0
08Interest on debt outstanding, all funds & activities 
09Scholarships/fellowships45,075,48945,075,489 
 
You may use the space below to provide context for the data you've reported above.
 
Institution: University of North Florida (136172)
User ID: p81361721

Part L - Debt and Assets, page 1
Part L - Debt and Assets
Fiscal Year 2008
Debt
CategoryAmount
01Long-term debt outstanding at beginning of fiscal year
02Long-term debt issued during fiscal year
03Long-term debt retired during fiscal year
04Long-term debt outstanding at end of fiscal year
05Short-term debt outstanding at beginning of fiscal year
06Short-term debt outstanding at end of fiscal year
 
You may use the space below to provide context for the data you've reported above.
 
Institution: University of North Florida (136172)
User ID: p81361721

Part L - Debt and Assets, page 2
Part L - Debt and Assets (page 2)
Fiscal Year 2008
Assets
CategoryAmount
07Total cash and security assets held at end of fiscal year in sinking or debt service funds
08Total cash and security assets held at end of fiscal year in bond funds
09Total 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.
 
Institution:  University of North Florida (136172) User ID:  p81361721
Explanation Report
Number Source Location Description Severity Accepted
Screen: Scholarships & Fellowships
1 Row 13
Column 3 		Screen Entry The number entered, 45075489, has an expected range of between 10842548 and 32527644 based on last year's amount. Please explain this difference. Explanation Yes
Reason: The tuition and discount amount was not included last year used only aid amounts
Global Edits
2 Perform Edits Depreciation expense is expected to be greater than or equal to current year additions to accumulated depreciation in Part A. Please fix or explain. Explanation Yes
Reason: The Foundaiton transferred assets and related depreciation into the University due to a termination of a lease. This is how the current years additions to accumulated depreciation exceeds current year depreciation as well as some recording errors in prior year.