North Carolina State University

IPEDS FINANCE SURVEY


Part A - Statement of Net Assets

Fiscal Year 2007

REPORT IN WHOLE DOLLARS ONLY

Line No. Current Year Amount
Current Assets
01 Total Current Assets 298,259,903
Noncurrent Assets
02 Capital Assets-depreciable (gross) 1,470,393,604
03 Accumulated depreciation 477,048,146
04 Other noncurrent assets 657,493,253
05 Total noncurrent assets 1,650,838,711
06 Total assets 1,949,098,614
Current Liabilities
07 Long-term debt, current portion 8,322,512
08 Other current liabilities 166,490,680
09 Total current liabilities 174,813,192
Noncurrent Liabilities
10 Long-term debt 192,533,076
11 Other noncurrent liabilities 209,974,772
12 Total noncurrent liabilities 402,507,848
13 Total liabilities 577,321,040
Net Assets
14 Invested in capital assets, net of related debt 903,982,414
15 Restricted-expendable 285,112,254
16 Restricted-nonexpendable 66,482,074
17 Unrestricted 116,200,832
18 Total net assets 1,371,777,574
North Carolina State University
IPEDS FINANCE SURVEY
Part A - Plant, Property, and Equipment
Fiscal Year 2007
REPORT IN WHOLE DOLLARS ONLY
Line No. Beginning balance Additions Retirements Ending balance
Description
  Property, Plant, and Equipment        
21 Land and land improvements 23,330,450 247,921 0 23,578,371
22 Infrastructure 104,423,851 11,658,292 0 116,082,143
23 Buildings 1,025,273,474 105,101,867 2,689,874 1,127,685,467
24 Equipment 223,790,341 17,274,050 14,438,397 226,625,994
25 Art and library collections 0 0 0
26 Property obtained under capital leases (if not included in equipment) 0 0 0
27 Construction in Progress 97,809,121 92,418,131 36,209,108 154,018,144
28 Accumulated depreciation 448,871,792 42,679,521 14,503,167 477,048,146
North Carolina State University
IPEDS FINANCE SURVEY
Part B - Revenues and Other Additions
Fiscal Year 2007
REPORT IN WHOLE DOLLARS ONLY
Line No. Current Year Amount
Source of Funds
Operating Revenues
01 Tuition & fees, after deducting discounts and allowances 149,148,767
Grants and contracts - operating:
02 Federal operating grants and contracts 104,036,823
03 State operating grants and contracts 33,628,045
04 Local/private operating grants and contracts 47,321,988
05 Sales & services of auxiliary enterprises, after deducting discounts and allowances 106,561,398
06 Sales & services of hospitals, after deducting discounts and allowances
07 Independent Operations
08 Other Sources 55,123,633
09 Total operating revenues 495,820,654
Nonoperating Revenues
10 Federal appropriations 25,808,162
11 State appropriations 430,923,172
12 Local appropriations, education district taxes
Grants - nonoperating
13 Federal nonoperating grants 12,030,889
14 State nonoperating grants 1,970,259
15 Local nonoperating grants 316
16 Gifts, including contributions from affiliated organizations 46,824,874
17 Investment income 28,185,044
18 Other nonoperating revenues 251,967
19 Total nonoperating revenues 545,994,683
Other Revenues and Additions
20 Capital appropriations 81,353,100
21 Capital grants and gifts 150,991,555
22 Additions to permanent endowments 4,847,809
23 Other revenues and additions 0
24 Total other revenues and additions 237,192,464
25 Total all revenues and other additions 1,279,007,801
North Carolina State University
IPEDS FINANCE SURVEY
Part C - Expenses and Other Deductions
Fiscal Year 2007
REPORT IN WHOLE DOLLARS ONLY
Line No. Current year total Salaries and wages Employee fringe benefits Depreciation All other
Description
Operating Expenses
01 Instruction 291,316,466 201,130,423 42,161,452 48,024,591
02 Research 206,626,404 119,561,607 23,044,515 64,020,282
03 Public service 121,308,514 66,740,084 15,456,861 39,111,569
05 Academic support 69,425,619 32,042,129 7,323,182 30,060,308
06 Student services 17,280,985 9,340,450 2,017,751 5,922,784
07 Institutional support 53,600,000 37,276,913 7,432,533 8,890,554
08 Operation and maintenance of plant 76,312,002 24,837,815 6,559,202 44,914,985
09 Depreciation 42,679,521 42,679,521 0
10 Scholarships and fellowships expenses, excluding discounts and allowances 24,985,144 24,985,144
11 Auxiliary enterprises 109,397,491 35,492,117 7,856,897 66,048,477
12 Hospital services 0
13 Independent operations 0
14 Other expenses and deductions 0 0 0 0 0
15 Total operating expenses 1,012,932,146 526,421,538 111,852,393 42,679,521 331,978,694
Nonoperating Expenses and Deductions
16 Interest 10,552,862 10,552,862
17 Other nonoperating expenses and deductions 3,242,104 0 0 0 3,242,104
18 Total nonoperating expenses and deductions 13,794,966 0 0 0 13,794,966
19 Total expenses and deductions 1,026,727,112 526,421,538 111,852,393 42,679,521 345,773,660
North Carolina State University
IPEDS FINANCE SURVEY
Part D - Summary of Changes in Net Assets
Fiscal Year 2007
REPORT IN WHOLE DOLLARS ONLY
Line No. Current year amount
Description
01 Total revenues and other additions 1,279,007,801
02 Total expenses and deductions 1,026,727,112
03 Increase in net assets 252,280,689
04 Net assets beginning of the year 1,119,496,885
05 Adjustments to beginning net assets 0
06 Net assets end of the year 1,371,777,574
North Carolina State University
IPEDS FINANCE SURVEY
Part E - Scholarships and Fellowships
Fiscal Year 2007
REPORT IN WHOLE DOLLARS ONLY
Line No. Current year amount
Source
Institutional Expenses and/or Discounts and Allowances
Gross Scholarships and Fellowships (no loans included)
01 Pell grants (federal) 10,235,426
02 Other federal grants 8,042,188
03 Grants by state government 811,738
04 Grants by local government 1,214
05 Institutional grants from restricted resources 19,672,473
06 Institutional grants form unrestricted resources 26,174,295
07 Total gross scholarships and fellowships 64,937,334
Discounts and Allowances
08 Discounts and allowances applied to tuition and fees 31,340,711
09 Discounts and allowances applied to sales and services of auxiliary enterprises 8,611,479
10 Total Discounts and Allowances 39,952,190
11 Net scholarships and fellowships expenses after deducting discounts and allowances 24,985,144
North Carolina State University
IPEDS FINANCE SURVEY
Part F - GASB Component Unit that Uses FASB Standards
Fiscal Year 2007
REPORT IN WHOLE DOLLARS ONLY
The website will require that you list the names and purposes of each of your GASB 39 reported affiliated entities.  However, I will not require this information for this spreadsheet.  I will use your financials statements for this information.  You do need to make sure that you supply this information to your key holder for the website submission.
Line No. ALL GASB 39 REPORTED ENTITIES COMBINED Current year amount
Statement of Financial Position
01 Long-term investments 107,681,472
02 Other assets 138,669,259
03 Total assets 246,350,731
04 Total liabilities 82,578,632
Net Assets
05 Temporarily restricted 64,851,171
06 Permanently restricted 64,582,138
07 Unrestricted 34,338,790
08 Total net assets 163,772,099
Statement of Activities
09 Investment return 14,006,019
10 Other revenues, gains, & other support 41,675,378
11 Total revenues, gains, & other support 55,681,397
12 Total expenses 36,441,339
12a Expenses paid to institution (included in 12) 14,968,747
13 Total losses 0
14 Total expenses and losses 36,441,339
15 Change in net assets 19,240,058
16 Net assets-beginning of year 144,532,041
17 Adjustments to beginning net assets 0
18 Net assets-end of year 163,772,099
North Carolina State University
IPEDS FINANCE SURVEY
Part G - GASB Component Unit that Uses GASB Standards
Fiscal Year 2007
This section will not be applicable to us because we do not report any component units on the face of our financial statements that apply GASB standards.  For the schools that blend their foundations, these are not considered component units for reporting within this section.  For this section, component units are displayed within a separate column(s) on the face of the financial statements.
North Carolina State University
IPEDS FINANCE SURVEY
Part H - Details of Endowment Assets
Fiscal Year 2007
REPORT IN WHOLE DOLLARS ONLY
Line No. Market Value
Value of Endowment Assets
01 Value of endowment assets at the beg. of the fiscal year 155,116,373
02 Value of endowment assets at the end of the fiscal year 173,193,120
North Carolina State University
Part J - Revenues
Amount (WHOLE DOLLARS ONLY)
Source and type Total for all funds and operations (includes endowment funds, but excludes component units)    (1) Education and general / independent operations                      (2) Auxiliary enterprises         (3) Hospitals            (4) Agriculture extension / experiment services               (5)
01 Tuition and fees
02 Sales and services 46,084,263 1,575,369
03 Federal grants/contracts (excludes Pell grants) 105,832,285
Revenue from the state government:
04    State appropriations, current and capital 418,190,093 94,086,179
05    State grants and contracts 38,862,756
Revenue form local governments:
06    Local appropriations, current and capital
07    Local government grants and contracts 777,350
08    Receipts from property and non-property taxes
09 Gifts and private grants, including capital grants 108,050,927
10 Interest earnings 10,637,951
11 Dividend earnings 3,914,649
12 Realized capital gains 15,610,474
NOTE: Report only in the nonshaded blocks.  Information for shaded blocks is obtained from other parts of this form or is not applicable.  All unshaded blocks must be completed.
North Carolina State University
Part K - Expenditures
Amount (WHOLE DOLLARS ONLY)
Category Total for all funds and operations (includes endowment funds, but excludes component units)    (1) Education and general / independent operations                      (2) Auxiliary enterprises         (3) Hospitals            (4) Agriculture extension / experiment services               (5)
01 Salaries and wages 405,556,527 85,372,894
02 Employee benefits, total 85,149,401 18,846,095
03 Payment to state retirement funds 13,268,053 1,979,230 3,954,610
04 Current expenditures other than salaries 223,886,244 66,704,777 16,402,529
Capital outlay:
05    Construction 111,084,572 47,299,479 10,264,480
06    Equipment Purchases 13,807,049 1,176,001 758,997
07    Land Purchases 247,921
08 Interest on debt outstanding, all funds and activities 10,795,661
09 Scholarships/fellowships
NOTE: Report only in the nonshaded blocks.  Information for shaded blocks is obtained from other parts of this form or is not applicable.  All unshaded blocks must be completed.
Part L - Debt and Assets (WHOLE DOLLARS)
Debt  
Category Amount
01 Long-term debt outstanding at beginning of fiscal year 211,173,722
02 Long-term debt issued during fiscal year 0
03 Long-term debt retired during fiscal year 10,469,516
04 Long-tem debt outstanding at end of fiscal year 200,704,206
05 Short-term debt outstanding at beginning of fiscal year 16,000,000
06 Short-term debt outstanding at end of fiscal year 80,000,000
Assets
07 Total cash and securities held at end of fiscal year in sinking or debt service funds 5,556,634
08 Total cash and security assets held at end of fiscal year in bond funds 22,933,799
09 Total cash and security assets held at end of fiscal year in all other funds 464,073,551
North Carolina State University
Part M - State Appropriation Reconciliation (WHOLE DOLLARS)
 
Amount
01 State appropriation expended per BD701 430,923,172
02 Less: Disaster Reserve Transfer (if applicable) 0
03 Net state appropriation 430,923,172
04 Net state appropriation per Part B, Line 11 above 430,923,172
05 Difference (Please explain below) 0