Finance 2013-14
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.


There have been no changes to the 2013-14 Finance data collection from the 2012-13 collection.





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, 2013.)
Beginning: month/year
Month:
Year:
(MMYYYY)
7
2012
And ending: month/year
Month:
Year:
(MMYYYY)
6
2013
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 Financial Position
Fiscal Year: July 1, 2012 - June 30, 2013
If your institution is a parent institution then the amounts reported in Parts A and D should include ALL of your
child institutions

Line no.
Current year amount
Prior year amount

Current Assets


01
Total current assets
95,752,193
130,579,620


Noncurrent Assets


31
Depreciable capital assets, net of depreciation
228,507,171
259,182,574
04
Other noncurrent assets
127,373,847
108,257,857
CV=[A05-A31]
05
Total noncurrent assets
336,765,028
386,556,421

06
Total assets
517,136,041
432,517,221
CV=(A01+A05)


Current Liabilities


07
Long-term debt, current portion
5,187,788
5,691,989
08
Other current liabilities
36,632,044
39,389,263
CV=(A09-A07)
09
Total current liabilities
44,577,051
42,324,033


Noncurrent Liabilities


10
Long-term debt
149,868,038
219,725,316
11
Other noncurrent liabilities
15,533,340
19,509,903
CV=(A12-A10)
12
Total noncurrent liabilities
169,377,941
235,258,656

13
Total liabilities
277,582,689
213,954,992
CV=(A09+A12)


Net Assets


14
Invested in capital assets, net of related debt
123,223,003
124,181,857
15
Restricted-expendable
21,229,244
22,281,647
16
Restricted-nonexpendable
2,390,711
6,534,808
17
Unrestricted
86,555,040
71,719,271
CV=[A18-(A14+A15+A16)]
18
Total net assets
239,553,352
218,562,229
CV=(A06-A13)


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

CSM early implemented GASB 65 this year. This change caused a
material change in current assets and long-term debt.

Institution: Colorado School of Mines (126775)
User ID: P1267751
Part A - Statement of Financial Position (Page 2)
Fiscal Year: July 1, 2012 - June 30, 2013

Line No. Description
Ending balance
Prior year
Ending balance

Capital Assets



21
Land and land improvements
23,174,040
26,371,118
22
Infrastructure
0
0
23
Buildings
299,414,655
335,100,120
32
Equipment, including art and library collections
58,976,340
66,867,164
27
Construction in progress
38,962,251
6,724,530

Total for Plant, Property and Equipment
435,062,932
420,527,286
CV = (A21+ .. A27)
28
Accumulated depreciation
150,161,027
163,340,744
33
Intangible assets, net of accumulated amortization
500,000
466,667
34
Other capital assets
1,377,712
1,656,543


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 E - Scholarships and Fellowships
Fiscal Year: July 1, 2012 - June 30, 2013
DO NOT REPORT FEDERAL DIRECT STUDENT LOANS (FDSL) ANYWHERE IN THIS SECTION





Line
Source
Current year amount
Prior year
No.
amount
01
Pell grants (federal)
2,937,941
2,960,986
02
Other federal grants (Do NOT include FDSL amounts)
134,280
124,553
03
Grants by state government
1,168,735
1,215,480
04
Grants by local government
0
0
05
Institutional grants from restricted resources
5,190,984
4,700,866
06
Institutional grants from unrestricted resources
13,101,124
12,178,597
CV=[E07-(E01+...+E05)]
07
Total gross scholarships and fellowships
21,610,537
22,103,009


Discounts and Allowances


08
Discounts and allowances applied to tuition and fees
19,199,131
20,762,603
09
Discounts and allowances applied to sales and services of
265,231
auxiliary enterprises
319,489
10
Total discounts and allowances
21,082,092
19,464,362
CV=(E08+E09)

11
Net scholarships and fellowships expenses after deducting
1,020,917
2,146,175
discounts and allowances
CV= (E07-E10) This amount will be carried forward to C10 of the
expense section.

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, 2012 - June 30, 2013

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

Operating Revenues


01
Tuition and fees, after deducting discounts & allowances
88,322,512
98,371,498

Grants and contracts - operating


02
Federal operating grants and contracts
34,077,372
32,859,029
03
State operating grants and contracts
15,084,471
15,444,091
04
Local government/private operating grants and contracts
22,017,987
20,687,648

04a Local government operating grants and contracts
0
0

04b Private operating grants and contracts
20,687,648
22,017,987
05
Sales and services of auxiliary enterprises,
17,384,024
after deducting discounts and allowances
18,330,800
06
Sales and services of hospitals,
0
after deducting patient contractual allowances
0
26
Sales and services of educational activities
0
0
07
Independent operations
0
0
08
Other sources - operating
3,331,428
3,049,073
CV=[B09-(B01+ ....+B07)]
09
Total operating revenues
178,605,100
190,354,833




Institution: Colorado School of Mines (126775)
User ID: P1267751
Part B - Revenues and Other Additions
Fiscal Year: July 1, 2012 - June 30, 2013

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

Nonoperating Revenues


10
Federal appropriations
0
0
11
State appropriations
0
706,326
12
Local appropriations, education district taxes, and similar support
0
0

Grants-nonoperating


13
Federal nonoperating grants Do NOT include Federal Direct
4,490,158
Student Loans
4,489,361
14
State nonoperating grants
0
0
15
Local government nonoperating grants
0
0
16
Gifts, including contributions from affiliated organizations
12,534,129
15,344,538
17
Investment income
1,203,973
1,827,849
18
Other nonoperating revenues
147,051
1,064,376
CV=[B19-(B10+...+B17)]
19
Total nonoperating revenues
19,292,636
22,515,125
27
Total operating and nonoperating revenues CV=[B19+B09]
212,869,958
197,897,736
28
12-month Student FTE from E12
5,507
5,318
29
Total operating and nonoperating revenues per student FTE
38,654
37,213
CV=[B27/B28]




Institution: Colorado School of Mines (126775)
User ID: P1267751
Part B - Revenues and Other Additions
Fiscal Year: July 1, 2012 - June 30, 2013

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

Other Revenues and Additions


20
Capital appropriations
1,529,694
1,244,901
21
Capital grants and gifts
5,659,783
2,701,890
22
Additions to permanent endowments
376,894
3,145,182
23
Other revenues and additions
4,188,540
3,018,407
CV=[B24-(B20+...+B22)]
24
Total other revenues and additions
10,584,778
11,280,513

25
Total all revenues and other additions
224,150,471
208,482,514
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, 2012 - June 30, 2013
Report Total Operating AND Nonoperating Expenses in this section


1
2
3
4
5
6
7
8
Line Description
Total amount
Salaries and wages
Employee fringe benefits Operation and
Depreciation
Interest
All
PY Total
No.
maintenance of plant
other
Amount

Expenses and

Deductions
01
Instruction
4,655,423 68,936,281
74,335,324
36,249,957
17,970,673
6,875,525
5,378,284
3,205,462
02
Research
11,849,469 54,211,600
56,906,151
22,033,551
11,188,548
5,263,442
4,117,254
2,453,887
03
Public service
81,278
71,736
145,578
29,335
4,689
13,465
10,533
6,278
05
Academic support
3,587,196 15,938,907
18,253,757
8,178,063
2,692,325
1,688,352
1,320,689
787,132
06
Student services
2,537,891
6,447,303
7,327,734
2,515,212
750,706
677,767
530,174
315,984
07
Institutional support
3,662,847 13,992,613
16,897,824
6,548,767
3,172,025
1,562,937
1,222,586
728,662
08
Operation and
0
11,511,070
0
maintenance
5,275,713
1,744,427
-18,531,210
0
0
of plant (see
instructions)
10
Scholarships and
1,020,917

1,020,917
2,146,175
fellowships
expenses, excluding
discounts and
allowances (from E11)
11
Auxiliary enterprises
14,333,980 23,616,517
26,485,379
5,229,136
1,414,187
2,449,722
1,916,261
1,142,093
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
and deductions
CV=[C19-(C01+...+C13)]
19
Total expenses and
0
53,240,071 185,361,132
deductions
201,372,664
86,059,734
38,937,580
14,495,781
8,639,498

Prior year amount
185,361,132
80,283,331
32,843,880

13,484,584
7,327,366
51,421,971

20
12-month Student FTE
5,507

5,318
from E12
21
Total expenses and
36,567

34,855
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 Position
Fiscal Year: July 1, 2012 - June 30, 2013

Line No. Description
Current year amount
Prior year amount
01
Total revenues and other additions (from B25)
224,150,471
208,482,514

02
Total expenses and deductions (from C19)
201,372,664
185,361,132

03
Change in net position during year
22,777,807
23,121,382
CV=(D01-D02)
04
Net position beginning of year
196,579,816
217,355,721
05
Adjustments to beginning net position and other gains or losses
-580,176
-1,138,969
CV=[D06-(D03+D04)]
06
Net position end of year (from A18)
239,553,352
218,562,229

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

Beginning net position changed due to retroactively expensing bond issue
costs as part of implementing GASB 65.

Institution: Colorado School of Mines (126775)
User ID: P1267751
Part H - Details of Endowment Assets
Fiscal Year: July 1, 2012 - June 30, 2013
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
196,000,000
204,000,000
02
Value of endowment assets at the end of the fiscal year
204,000,000
230,840,000

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, 2012 - June 30, 2013
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
119,134,101
119,134,101



02 Sales and
18,650,289
18,650,289
0
services
0

03 Federal
32,859,029
grants/contracts
32,859,029



(excludes Pell
Grants)

Revenue from the state government:
04 State
1,951,227
appropriations,
1,244,901
706,326


current &
capital
05 State grants
15,444,091
and contracts
15,444,091




Revenue from local governments:
06 Local
0
appropriation,




current &
capital
07 Local
0
government




grants/contracts
08 Receipts from

property and

non-property
taxes
09 Gifts and

private grants,
43,209,597
including capital
grants
10 Interest

earnings
450,157
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, 2012 - June 30, 2013
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
86,059,734
5,229,136
0
80,830,598

02 Employee benefits, total
38,937,580
1,414,187
0
37,523,393

03 Payment to state
0
retirement funds (maybe




included in line 02
above)
04 Current expenditures
52,219,154
other than salaries
37,885,175
14,333,979



Capital outlay:

05 Construction
11,798,000
11,798,000



06 Equipment purchases
5,876,000
5,876,000



07 Land purchases
0




08 Interest on debt

outstanding, all funds
8,626,145
and activities
09 Scholarships/fellowships
22,103,009
22,103,009


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, 2012 - June 30, 2013
Debt
Category
Amount
01 Long-term debt outstanding at beginning of fiscal year
164,674,183
02 Long-term debt issued during fiscal year
68,019,067
03 Long-term debt retired during fiscal year
12,463,732
04 Long-term debt outstanding at end of fiscal year
219,725,316
05 Short-term debt outstanding at beginning of fiscal year
5,187,788
06 Short-term debt outstanding at end of fiscal year
5,691,989

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

Deferred losses removed from beginning long term debt as part of GASB
65 implementation.

Institution: Colorado School of Mines (126775)
User ID: P1267751
Part L - Debt and Assets, page 2
Fiscal Year: July 1, 2012 - June 30, 2013
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
62,129,877
09 Total cash and security assets held at end of fiscal year in all other funds
140,113,294

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 Data Center and sent to your institution’s CEO in
November 2014.
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
$98,371,498
48%
$17,863
Government appropriations
$706,326
0%
$128
Government grants and contracts
$52,792,481
26%
$9,586
Private gifts, grants, and contracts
$37,362,525
18%
$6,785
Investment income
$1,827,849
1%
$332
Other core revenues
$14,758,992
7%
$2,680
Total core revenues
$205,819,671
100%
$37,374

Total revenues
$224,150,471

$40,703
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
$74,335,324
43%
$13,498
Research
$56,906,151
33%
$10,333
Public service
$145,578
0%
$26
Academic support
$18,253,757
10%
$3,315
Institutional support
$16,897,824
10%
$3,068

Core Expenses
Student services
$7,327,734
4%
$1,331
Other core expenses
$1,020,917
1%
$185
Total core expenses
$174,887,285
100%
$31,757

Total expenses
$201,372,664

$36,567
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
5,507
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
Edit Report
Finance
Colorado School of Mines (126775)
Source
Description
Severity
Resolved
Options
Screen: Expenses
Screen
The amount reported is outside the expected range of
Explanation
Yes

Entry
between 35,868 and 107,604 when compared with the prior
year value. Please correct your data or explain. (Error #5301)
Reason: We added several new grants this year with over 75,000 in expenditures.
Screen: Net Position
Screen
The reported value of this amount at the beginning of the
Explanation
Yes

Entry
current year is expected to be equal to the value of this
amount at the end of the prior year. Please correct your data
or explain. (Error #5303)
Reason: Beginning net assets changed due to retroactive application of GASB 65.