Finance 2010-11
Institution: Colorado School of Mines (126775)
User ID: P1267751
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 1-877-225-2568.

Institution: Colorado School of Mines (126775)
User ID: P1267751
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.

Institution: Colorado School of Mines (126775)
User ID: P1267751
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, 2010.)
Beginning: month/year
Month:
Year:
7
2009
(MMYYYY)
And ending: month/year
Month:
Year:
6
2010
(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
Don't know
(Explain in
(Explain in
box below)
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
You may use the space below to provide context for the data you've reported above.

Institution: Colorado School of Mines (126775)
User ID: P1267751
Part A - Statement of Net Assets
Fiscal Year: July 1, 2009 - June 30, 2010

Line no.
Current year amount
Prior year amount

Current Assets


01
Total current assets
50,408,295
72,018,603


Noncurrent Assets


31
Depreciable capital assets, net of depreciation
162,057,743
159,626,401
04
Other noncurrent assets
143,375,005
79,935,308
CV=[A05-A31]
05
Total noncurrent assets
241,993,051
303,001,406

06
Total assets
375,020,009
292,401,346
CV=(A01+A05)


Current Liabilities


07
Long-term debt, current portion
1,793,154
4,482,899
08
Other current liabilities
37,860,533
28,777,489
CV=(A09-A07)
09
Total current liabilities
30,570,643
42,343,432


Noncurrent Liabilities


10
Long-term debt
113,412,630
157,277,829
11
Other noncurrent liabilities
14,432,948
6,719,365
CV=(A12-A10)
12
Total noncurrent liabilities
120,131,995
171,710,777

13
Total liabilities
214,054,209
150,702,638
CV=(A09+A12)


Net Assets


14
Invested in capital assets, net of related debt
102,095,339
102,240,395
15
Restricted-expendable
8,348,605
10,831,190
16
Restricted-nonexpendable
1,386,274
1,506,498
17
Unrestricted
46,387,717
29,868,490
CV=[A18-(A14+A15+A16)]
18
Total net assets
160,965,800
141,698,708
CV=(A06-A13)

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


Deferred outflows are
included with other
noncurrent assets for the
purposes of this report.

Institution: Colorado School of Mines (126775)
User ID: P1267751
Part A - Statement of Net Assets (Page 2)
Fiscal Year: July 1, 2009 - June 30, 2010

Line No. Description
Ending balance
Prior year
Ending balance

Capital Assets



21
Land & land improvements
12,995,287
18,231,458
22
Infrastructure
0
0
23
Buildings
222,780,330
222,550,613
32
Equipment, including art and library collections
47,740,357
49,625,543
27
Construction in progress
10,155,263
21,420,708
Total for Plant, Property and Equipment
311,828,322
293,671,237
CV = (A21+ .. A27)
28
Accumulated depreciation
118,834,087
127,557,069
33
Intangible assets, net of accumulated amortization
566,667
34
Other capital assets


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


Institution: Colorado School of Mines (126775)
User ID: P1267751
Part B - Revenues and Other Additions
Fiscal Year: July 1, 2009 - June 30, 2010

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

Operating Revenues


01
Tuition & fees, after deducting discounts & allowances
62,775,981
68,613,109

Grants and contracts - operating


02
Federal operating grants and contracts
25,956,735
30,650,981
03
State operating grants and contracts
15,754,697
9,431,836
04
Local government/private operating grants and contracts
15,050,028
14,955,947
04a Local government operating grants and contracts
2,284
04b Private operating grants and contracts
15,047,744
05
Sales & services of auxiliary enterprises,
12,544,504
13,144,782
after deducting discounts & allowances
06
Sales & services of hospitals,
0
0
after deducting patient contractual allowances
26
Sales & services of educational activities
0
07
Independent operations
0
0
08
Other sources - operating
2,071,409
669,194
CV=[B09-(B01+ ....+B07)]
09
Total operating revenues
132,657,058
138,962,145



Institution: Colorado School of Mines (126775)
User ID: P1267751
Part B - Revenues and Other Additions
Fiscal Year: July 1, 2009 - June 30, 2010

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

Nonoperating Revenues


10
Federal appropriations
0
0
11
State appropriations
0
0
12
Local appropriations, education district taxes, & similar support
0
0

Grants-nonoperating


13
Federal nonoperating grants
1,639,659
3,148,801
14
State nonoperating grants
0
0
15
Local government nonoperating grants
0
0
16
Gifts, including contributions from affiliated organizations
12,534,788
9,798,445
17
Investment income
-103,893
5,684,354
18
Other nonoperating revenues
12,711,603
7,384,327
CV=[B19-(B10+...+B17)]
19
Total nonoperating revenues
21,454,881
31,343,203
27
Total operating and nonoperating revenues CV=[B19+B09]
170,305,348
154,111,939
28
12-month Student FTE from E12
4,899
CV=[B28a+B28b]
28a
Undergraduates
3,940
28b
Graduates
959
29
Total operating and nonoperating revenues per student FTE
34,763
CV=[B27/B28]



Institution: Colorado School of Mines (126775)
User ID: P1267751
Part B - Revenues and Other Additions
Fiscal Year: July 1, 2009 - June 30, 2010

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

Other Revenues and Additions


20
Capital appropriations
4,695,960
6,060,117
21
Capital grants & gifts
2,159,091
3,671,306
22
Additions to permanent endowments
0
664,567
23
Other revenues & additions
0
0
CV=[B24-(B20+...+B22)]
24
Total other revenues and additions
6,855,051
10,395,990

25
Total all revenues and other additions
180,701,338
160,966,990
CV=[B09+B19+B24]

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


Institution: Colorado School of Mines (126775)
User ID: P1267751
Part C - Expenses and Other Deductions
Fiscal Year: July 1, 2009 - June 30, 2010


1
2
3
4
5
6
7
8
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
01 Instruction
3,577,664 48,228,145
60,921,386
31,756,471
13,190,116
6,553,789
3,948,477
1,894,869
02 Research
11,518,072 34,335,012
48,933,463
19,153,984
8,303,742
5,264,155
3,171,507
1,522,003
03 Public service
0
0
0
0
0
0
0
0
05 Academic support
2,039,257 10,418,180
12,615,423
6,427,697
1,581,307
1,357,139
817,639
392,384
06 Student services
1,607,784
3,456,363
4,759,079
1,764,908
417,943
511,971
308,449
148,024
07 Institutional support
4,487,782 11,501,508
13,248,487
5,894,582
170,136
1,425,243
858,670
412,074
08 Operation &
0
10,864,320 12,079,295
5,153,001
1,298,682
-17,316,003
maintenance
of plant (see
instructions)
10 Scholarships and

441,568
549,197
441,568
fellowships
expenses, excluding
discounts & allowances
11 Auxiliary enterprises
11,630,182 15,442,600
20,484,765
3,842,288
843,769
2,203,706
1,327,672
637,148
12 Hospital services
0
0
0
0
0
0
0
0
13 Independent operations
0
0
0
0
0
0
0
0
14 Other expenses
0
0
0
0
0
0
0
0
& deductions
CV=[C19-(C01+...+C13)]
19 Total expenses &
0
46,166,629 151,692,284
161,404,171
73,992,931
25,805,695
10,432,414
5,006,502
deductions

Prior year amount
151,692,284
70,974,302
25,699,696
9,858,824

45,159,462
20 12-month Student FTE
4,899
from E12
CV=[C20a+C20b]
20a Undergraduates
3,940
20b Graduates
959
21 Total expenses and
32,946
deductions per student
FTE CV=[C19/C20]

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


Institution: Colorado School of Mines (126775)
User ID: P1267751
Part D - Summary of Changes In Net Assets
Fiscal Year: July 1, 2009 - June 30, 2010

Line No. Description
Current year amount
Prior year amount
01
Total revenues & other additions (from B25)
180,701,338
160,966,990

02
Total expenses & deductions (from C19)
161,404,171
151,692,284

03
Change in net assets during year
19,297,167
9,274,706
CV=(D01-D02)
04
Net assets beginning of year
132,424,002
141,698,708
05
Adjustments to beginning net assets and other gains or losses
-30,075
0
CV=[D06-(D03+D04)]
06
Net assets end of year (from A18)
160,965,800
141,698,708

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

The (30,075) on line 05 is a
loss on the disposal of

Institution: Colorado School of Mines (126775)
User ID: P1267751
Part E - Scholarships and Fellowships
Fiscal Year: July 1, 2009 - June 30, 2010



Line No. Source
Current year amount
Prior year amount
01
Pell grants (federal)
1,639,659
2,648,982
02
Other federal grants
453,210
748,599
03
Grants by state government
1,342,042
1,252,119
04
Grants by local government
0
0
05
Institutional grants from restricted resources
3,419,849
3,403,531
06
Institutional grants from unrestricted resources
9,111,832
6,970,871
CV=[E07-(E01+...+E05)]
07
Total gross scholarships and fellowships
13,825,631
17,165,063


Discounts and Allowances


08
Discounts & allowances applied to tuition & fees
13,066,480
16,445,436
09
Discounts & allowances applied to sales & services of
278,059
209,954
auxiliary enterprises
CV= (E10-E08)
10
Total discounts & allowances
16,723,495
13,276,434
CV=(E07-E11)

11
Net scholarships and fellowships expenses after deducting
441,568
549,197
discount & allowances (from C10)

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


Institution: Colorado School of Mines (126775)
User ID: P1267751
Part H - Details of Endowment Assets
Fiscal Year: July 1, 2009 - June 30, 2010
Line Value of Endowment Assets
Market Value
Prior Year
No.
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
164,999,000
148,000,000
02
Value of endowment assets at the end of the fiscal year
148,000,000
166,000,000

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


Institution: Colorado School of Mines (126775)
User ID: P1267751
Part J - Revenue Data for Bureau of Census
Fiscal Year: July 1, 2009 - June 30, 2010
Source and type
Amount
Total for all funds
Education and
Auxiliary enterprises
Hospitals
Agriculture
and operations
general/independent
extension/experiment
(includes
operations
services
endowment funds,
but excludes component
units)

(1)
(2)
(3)
(4)
(5)
01 Tuition and fees
85,058,545
85,058,545



02 Sales and
13,422,841
13,422,841
0
0
services
03 Federal
30,650,981 30,650,981
grants/contracts
(excludes Pell
Grants)

Revenue from the state government:
04 State
6,060,117 6,060,117
appropriations,
current &
capital
05 State grants
9,431,836 9,431,836
and contracts

Revenue from local governments:
06 Local
0 0
appropriation,
current &
capital
07 Local
2,284 2,284
government
grants/contracts
08 Receipts from

0
property and
non-property
taxes
09 Gifts and

28,517,495
private grants,
including capital
grants
10 Interest

4,301,313
earnings
11 Dividend

earnings
12 Realized capital

gains

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


Institution: Colorado School of Mines (126775)
User ID: P1267751
Part K - Expenditure Data for Bureau of Census
Fiscal Year: July 1, 2009 - June 30, 2010
Category
Amount
Total for all funds and
Education and general/
Auxiliary enterprises
Hospitals
Agriculture extension/
operations (includes
independent operations
experiment services
endowment funds, but
excludes component
units)

(1)
(2)
(3)
(4)
(5)
01 Salaries and wages
73,992,932
3,842,288
0
70,150,644
02 Employee benefits, total
25,805,695
843,769
0
24,961,926
03 Payment to state
0 0
retirement funds (maybe
included in line 02
above)
04 Current expenditures
45,725,061 34,094,879
11,630,182
other than salaries

Capital outlay:

05 Construction
19,414,354 19,414,354
06 Equipment purchases
3,328,550 3,328,550
07 Land purchases
0 0
08 Interest on debt

4,575,548
outstanding, all funds &
activities
09 Scholarships/fellowships
17,165,063
17,165,063


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


Institution: Colorado School of Mines (126775)
User ID: P1267751
Part L - Debt and Assets, page 1
Fiscal Year: July 1, 2009 - June 30, 2010
Debt
Category
Amount
01 Long-term debt outstanding at beginning of fiscal year
113,412,630
02 Long-term debt issued during fiscal year
66,822,969
03 Long-term debt retired during fiscal year
20,268,045
04 Long-term debt outstanding at end of fiscal year
157,277,829
05 Short-term debt outstanding at beginning of fiscal year
1,793,154
06 Short-term debt outstanding at end of fiscal year
4,482,899

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


Institution: Colorado School of Mines (126775)
User ID: P1267751
Part L - Debt and Assets, page 2
Fiscal Year: July 1, 2009 - June 30, 2010
Assets
Category
Amount
07 Total cash and security assets held at end of fiscal year in sinking or debt service funds
0
08 Total cash and security assets held at end of fiscal year in bond funds
0
09 Total cash and security assets held at end of fiscal year in all other funds
156,741,750

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


Institution: Colorado School of Mines (126775)
User ID: P1267751
Summary
Finance Survey Summary
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 2011.
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:
1-877-225-2568 or ipedshelp@rti.org.
Core Revenues
Revenue Source
Reported values
Percent of total core
Core revenues per FTE
revenues
enrollment
Tuition and fees
$68,613,109
41%
$14,006
Government appropriations
$0
0%
$0
Government grants and contracts
$43,233,902
26%
$8,825
Private gifts, grants, and contracts
$24,846,189
15%
$5,072
Investment income
$5,684,354
3%
$1,160
Other core revenues
$25,179,002
15%
$5,140
Total core revenues
$167,556,556
100%
$34,202

Total revenues
$180,701,338

$36,885
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
Core expenses per FTE
expenses
enrollment
Instruction
$60,921,386
43%
$12,435
Research
$48,933,463
35%
$9,988
Public service
$0
0%
$0
Academic support
$12,615,423
9%
$2,575
Institutional support
$13,248,487
9%
$2,704
Student services
$4,759,079
3%
$971

Core Expenses
Other core expenses
$441,568
0%
$90
Total core expenses
$140,919,406
100%
$28,765

Total expenses
$161,404,171

$32,946
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
4,899
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.

Institution: Colorado School of Mines (126775)
User ID: P1267751
Explanation Report
Number Source
Location
Description
Severity
Accepted
Screen: Part B - Revenues and Other Additions
1 Row: 19 Screen
This number is expected to be
Explanation
Yes
Col: 3
Entry
greater than zero. Please fix or
explain.
Reason: Colorado does not do appropriations to higher education to support operations, only
capital projects.