Finance 2011-12
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, 2011.)
Beginning: month/year
Month:
Year:
7
2010
(MMYYYY)
And ending: month/year
Month:
Year:
6
2011
(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, 2010 - June 30, 2011

Line no.
Current year amount
Prior year amount

Current Assets


01
Total current assets
72,018,603
82,071,841


Noncurrent Assets


31
Depreciable capital assets, net of depreciation
159,626,401
214,997,791
04
Other noncurrent assets
114,435,083
143,375,005
CV=[A05-A31]
05
Total noncurrent assets
303,001,406
329,432,874

06
Total assets
411,504,715
375,020,009
CV=(A01+A05)


Current Liabilities


07
Long-term debt, current portion
4,482,899
4,154,760
08
Other current liabilities
41,874,484
37,860,533
CV=(A09-A07)
09
Total current liabilities
42,343,432
46,029,244


Noncurrent Liabilities


10
Long-term debt
157,277,829
153,327,011
11
Other noncurrent liabilities
15,568,644
14,432,948
CV=(A12-A10)
12
Total noncurrent liabilities
171,710,777
168,895,655

13
Total liabilities
214,924,899
214,054,209
CV=(A09+A12)


Net Assets


14
Invested in capital assets, net of related debt
102,240,395
117,322,437
15
Restricted-expendable
10,831,190
17,496,610
16
Restricted-nonexpendable
1,506,498
2,493,114
17
Unrestricted
59,267,655
46,387,717
CV=[A18-(A14+A15+A16)]
18
Total net assets
196,579,816
160,965,800
CV=(A06-A13)

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

Deferred inflows are included with other noncurrent liabilities for the
purpose of this report.


Institution: Colorado School of Mines (126775)
User ID: P1267751
Part A - Statement of Net Assets (Page 2)
Fiscal Year: July 1, 2010 - June 30, 2011

Line No. Description
Ending balance
Prior year
Ending balance

Capital Assets



21
Land & land improvements
18,231,458
21,751,499
22
Infrastructure
0
23
Buildings
222,550,613
281,847,403
32
Equipment, including art and library collections
49,625,543
52,159,094
27
Construction in progress
21,420,708
12,740,302
Total for Plant, Property and Equipment
368,498,298
311,828,322
CV = (A21+ .. A27)
28
Accumulated depreciation
127,557,069
137,894,795
33
Intangible assets, net of accumulated amortization
566,667
533,333
34
Other capital assets
0
1,409,138


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, 2010 - June 30, 2011

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

Operating Revenues


01
Tuition & fees, after deducting discounts & allowances
68,613,109
79,762,662

Grants and contracts - operating


02
Federal operating grants and contracts
30,650,981
34,348,358
03
State operating grants and contracts
9,431,836
18,542,854
04
Local government/private operating grants and contracts
18,725,798
15,050,028
04a Local government operating grants and contracts
2,284
366
04b Private operating grants and contracts
15,047,744
18,725,432
05
Sales & services of auxiliary enterprises,
13,144,782
13,805,079
after deducting discounts & allowances
06
Sales & services of hospitals,
0
0
after deducting patient contractual allowances
26
Sales & services of educational activities
0
0
07
Independent operations
0
0
08
Other sources - operating
2,846,378
2,071,409
CV=[B09-(B01+ ....+B07)]
09
Total operating revenues
138,962,145
168,031,129



Institution: Colorado School of Mines (126775)
User ID: P1267751
Part B - Revenues and Other Additions
Fiscal Year: July 1, 2010 - June 30, 2011

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
3,148,801
5,029,727
14
State nonoperating grants
0
0
15
Local government nonoperating grants
0
0
16
Gifts, including contributions from affiliated organizations
9,798,445
10,311,907
17
Investment income
5,684,354
4,349,672
18
Other nonoperating revenues
956,174
12,711,603
CV=[B19-(B10+...+B17)]
19
Total nonoperating revenues
31,343,203
20,647,480
27
Total operating and nonoperating revenues CV=[B19+B09]
188,678,609
170,305,348
28
12-month Student FTE from E12
5,070
CV=[B28a+B28b]
28a
Undergraduates
4,023
28b
Graduates
1,047
29
Total operating and nonoperating revenues per student FTE
37,215
CV=[B27/B28]



Institution: Colorado School of Mines (126775)
User ID: P1267751
Part B - Revenues and Other Additions
Fiscal Year: July 1, 2010 - June 30, 2011

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

Other Revenues and Additions


20
Capital appropriations
6,060,117
1,629,283
21
Capital grants & gifts
3,671,306
13,366,739
22
Additions to permanent endowments
664,567
33,775
23
Other revenues & additions
0
0
CV=[B24-(B20+...+B22)]
24
Total other revenues and additions
10,395,990
15,029,797

25
Total all revenues and other additions
203,708,406
180,701,338
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, 2010 - June 30, 2011


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
3,705,602 60,921,386
64,404,736
32,479,665
15,103,006
6,692,920
4,674,944
1,748,599
02 Research
10,220,788 48,933,463
51,353,411
20,425,826
10,248,326
5,336,630
3,727,588
1,394,253
03 Public service
30,191
0
149,099
72,567
15,976
15,494
10,823
4,048
05 Academic support
2,883,393 12,615,423
14,451,023
6,787,090
1,837,490
1,501,746
1,048,956
392,348
06 Student services
1,850,528
4,759,079
5,107,381
1,741,715
474,986
530,757
370,729
138,666
07 Institutional support
3,088,759 13,248,487
12,067,142
5,970,848
549,979
1,254,014
875,917
327,625
08 Operation &
0
10,864,388
0
5,116,503
1,371,124
-17,352,015
0
0
maintenance
of plant (see
instructions)
10 Scholarships and

1,008,056
441,568
1,008,056
fellowships
expenses, excluding
discounts & allowances
11 Auxiliary enterprises
10,589,505 20,484,765
19,442,460
3,990,171
903,195
2,020,454
1,411,269
527,866
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
44,241,210 161,404,171
167,983,308
76,584,385
30,504,082
12,120,226
4,533,405
deductions

Prior year amount
161,404,171
73,992,931
25,805,695
10,432,414
5,006,502
46,166,629
20 12-month Student FTE
5,070
from E12
CV=[C20a+C20b]
20a Undergraduates
4,023
20b Graduates
1,047
21 Total expenses and
33,133
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, 2010 - June 30, 2011

Line No. Description
Current year amount
Prior year amount
01
Total revenues & other additions (from B25)
203,708,406
180,701,338

02
Total expenses & deductions (from C19)
167,983,308
161,404,171

03
Change in net assets during year
35,725,098
19,297,167
CV=(D01-D02)
04
Net assets beginning of year
141,698,708
160,965,800
05
Adjustments to beginning net assets and other gains or losses
-111,082
-30,075
CV=[D06-(D03+D04)]
06
Net assets end of year (from A18)
196,579,816
160,965,800

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

The (111,082) on line 05 is a loss on the disposal of capital assets.

Institution: Colorado School of Mines (126775)
User ID: P1267751
Part E - Scholarships and Fellowships
Fiscal Year: July 1, 2010 - June 30, 2011



Line No. Source
Current year amount
Prior year amount
01
Pell grants (federal)
2,648,982
3,065,646
02
Other federal grants
748,599
723,683
03
Grants by state government
1,252,119
1,273,182
04
Grants by local government
0
0
05
Institutional grants from restricted resources
3,403,531
3,840,330
06
Institutional grants from unrestricted resources
10,196,948
9,111,832
CV=[E07-(E01+...+E05)]
07
Total gross scholarships and fellowships
17,165,063
19,099,789


Discounts and Allowances


08
Discounts & allowances applied to tuition & fees
16,445,436
17,858,078
09
Discounts & allowances applied to sales & services of
233,655
278,059
auxiliary enterprises
CV= (E10-E08)
10
Total discounts & allowances
18,091,733
16,723,495
CV=(E07-E11)

11
Net scholarships and fellowships expenses after deducting
1,008,056
441,568
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, 2010 - June 30, 2011
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
148,000,000
166,000,000
02
Value of endowment assets at the end of the fiscal year
166,000,000
196,000,000

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, 2010 - June 30, 2011
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
97,620,740
97,620,740



02 Sales and
14,038,734
14,038,734
0
0
services
03 Federal
34,348,358 34,348,358
grants/contracts
(excludes Pell
Grants)

Revenue from the state government:
04 State
1,629,283 1,629,283
appropriations,
current &
capital
05 State grants
18,542,854 18,542,854
and contracts

Revenue from local governments:
06 Local
0 0
appropriation,
current &
capital
07 Local
366 366
government
grants/contracts
08 Receipts from

0
property and
non-property
taxes
09 Gifts and

42,437,852
private grants,
including capital
grants
10 Interest

1,740,886
earnings
11 Dividend

0
earnings
12 Realized capital

0
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, 2010 - June 30, 2011
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
76,584,384
3,990,171
0
72,594,213
02 Employee benefits, total
30,504,082
903,195
0
29,600,887
03 Payment to state
0 0
retirement funds (maybe
included in line 02
above)
04 Current expenditures
43,233,153 32,643,649
10,589,504
other than salaries

Capital outlay:

05 Construction
54,565,000 54,565,000
06 Equipment purchases
4,775,000 4,775,000
07 Land purchases
1,050,000 1,050,000
08 Interest on debt

4,281,272
outstanding, all funds &
activities
09 Scholarships/fellowships
19,099,789
19,099,789


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, 2010 - June 30, 2011
Debt
Category
Amount
01 Long-term debt outstanding at beginning of fiscal year
157,277,829
02 Long-term debt issued during fiscal year
49,205,411
03 Long-term debt retired during fiscal year
53,484,369
04 Long-term debt outstanding at end of fiscal year
153,327,011
05 Short-term debt outstanding at beginning of fiscal year
4,482,899
06 Short-term debt outstanding at end of fiscal year
4,154,760

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, 2010 - June 30, 2011
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
149,932,751

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 2012.
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
$79,762,662
42%
$15,732
Government appropriations
$0
0%
$0
Government grants and contracts
$57,921,305
31%
$11,424
Private gifts, grants, and contracts
$29,037,339
15%
$5,727
Investment income
$4,349,672
2%
$858
Other core revenues
$18,832,349
10%
$3,714
Total core revenues
$189,903,327
100%
$37,456

Total revenues
$203,708,406

$40,179
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
$64,404,736
43%
$12,703
Research
$51,353,411
35%
$10,129
Public service
$149,099
0%
$29
Academic support
$14,451,023
10%
$2,850
Institutional support
$12,067,142
8%
$2,380
Student services
$5,107,381
3%
$1,007

Core Expenses
Other core expenses
$1,008,056
1%
$199
Total core expenses
$148,540,848
100%
$29,298

Total expenses
$167,983,308

$33,133
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
5,070
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
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Finance
Institution: Colorado School of Mines (126775)

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