Finance 2012-13
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, 2012.)
Beginning: month/year
Month:
Year:
(MMYYYY)
7
2011
And ending: month/year
Month:
Year:
(MMYYYY)
6
2012
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, 2011 - June 30, 2012
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
82,071,841
95,752,193


Noncurrent Assets


31
Depreciable capital assets, net of depreciation
214,997,791
228,507,171
04
Other noncurrent assets
108,257,857
114,435,083
CV=[A05-A31]
05
Total noncurrent assets
329,432,874
336,765,028

06
Total assets
432,517,221
411,504,715
CV=(A01+A05)


Current Liabilities


07
Long-term debt, current portion
4,154,760
5,187,788
08
Other current liabilities
39,389,263
41,874,484
CV=(A09-A07)
09
Total current liabilities
46,029,244
44,577,051


Noncurrent Liabilities


10
Long-term debt
153,327,011
149,868,038
11
Other noncurrent liabilities
19,509,903
15,568,644
CV=(A12-A10)
12
Total noncurrent liabilities
168,895,655
169,377,941

13
Total liabilities
213,954,992
214,924,899
CV=(A09+A12)


Net Assets


14
Invested in capital assets, net of related debt
117,322,437
123,223,003
15
Restricted-expendable
17,496,610
21,229,244
16
Restricted-nonexpendable
2,493,114
2,390,711
17
Unrestricted
71,719,271
59,267,655
CV=[A18-(A14+A15+A16)]
18
Total net assets
218,562,229
196,579,816
CV=(A06-A13)


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

Non-current assets includes deferred outflows.

Institution: Colorado School of Mines (126775)
User ID: P1267751
Part A - Statement of Net Assets (Page 2)
Fiscal Year: July 1, 2011 - June 30, 2012

Line No. Description
Ending balance
Prior year
Ending balance

Capital Assets



21
Land & land improvements
21,751,499
23,174,040
22
Infrastructure
0
0
23
Buildings
281,847,403
299,414,655
32
Equipment, including art and library collections
52,159,094
58,976,340
27
Construction in progress
12,740,302
38,962,251

Total for Plant, Property and Equipment
420,527,286
368,498,298
CV = (A21+ .. A27)
28
Accumulated depreciation
137,894,795
150,161,027
33
Intangible assets, net of accumulated amortization
533,333
500,000
34
Other capital assets
1,409,138
1,377,712


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, 2011 - June 30, 2012
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)
3,065,646
2,937,941
02
Other federal grants (Do NOT include FDSL amounts)
723,683
134,280
03
Grants by state government
1,273,182
1,168,735
04
Grants by local government
0
0
05
Institutional grants from restricted resources
3,840,330
5,190,984
06
Institutional grants from unrestricted resources
12,178,597
10,196,948
CV=[E07-(E01+...+E05)]
07
Total gross scholarships and fellowships
19,099,789
21,610,537


Discounts and Allowances


08
Discounts & allowances applied to tuition & fees
17,858,078
19,199,131
09
Discounts & allowances applied to sales & services of
233,655
auxiliary enterprises
265,231
10
Total discounts & allowances
19,464,362
18,091,733
CV=(E08+E09)

11
Net scholarships and fellowships expenses after deducting
2,146,175
1,008,056
discounts & 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, 2011 - June 30, 2012

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

Operating Revenues


01
Tuition & fees, after deducting discounts & allowances
79,762,662
88,322,512

Grants and contracts - operating


02
Federal operating grants and contracts
34,348,358
34,077,372
03
State operating grants and contracts
18,542,854
15,084,471
04
Local government/private operating grants and contracts
20,687,648
18,725,798

04a Local government operating grants and contracts
366
0

04b Private operating grants and contracts
18,725,432
20,687,648
05
Sales & services of auxiliary enterprises,
13,805,079
after deducting discounts & allowances
17,384,024
06
Sales & services of hospitals,
0
after deducting patient contractual allowances
0
26
Sales & services of educational activities
0
0
07
Independent operations
0
0
08
Other sources - operating
3,049,073
2,846,378
CV=[B09-(B01+ ....+B07)]
09
Total operating revenues
168,031,129
178,605,100




Institution: Colorado School of Mines (126775)
User ID: P1267751
Part B - Revenues and Other Additions
Fiscal Year: July 1, 2011 - June 30, 2012

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 Do NOT include Federal Direct
5,029,727
Student Loans
4,490,158
14
State nonoperating grants
0
0
15
Local government nonoperating grants
0
0
16
Gifts, including contributions from affiliated organizations
10,311,907
12,534,129
17
Investment income
4,349,672
1,203,973
18
Other nonoperating revenues
1,064,376
956,174
CV=[B19-(B10+...+B17)]
19
Total nonoperating revenues
20,647,480
19,292,636
27
Total operating and nonoperating revenues CV=[B19+B09]
197,897,736
188,678,609
28
12-month Student FTE from E12
5,318
5,070
29
Total operating and nonoperating revenues per student FTE
37,213
37,215
CV=[B27/B28]




Institution: Colorado School of Mines (126775)
User ID: P1267751
Part B - Revenues and Other Additions
Fiscal Year: July 1, 2011 - June 30, 2012

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

Other Revenues and Additions


20
Capital appropriations
1,629,283
1,529,694
21
Capital grants & gifts
13,366,739
5,659,783
22
Additions to permanent endowments
33,775
376,894
23
Other revenues & additions
3,018,407
0
CV=[B24-(B20+...+B22)]
24
Total other revenues and additions
15,029,797
10,584,778

25
Total all revenues and other additions
208,482,514
203,708,406
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, 2011 - June 30, 2012
Report Total Operating AND Nonoperating Expenses in this section


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
4,021,329 64,404,736
68,936,281
33,717,934
16,230,904
7,135,429
5,073,697
2,756,988
02 Research
11,024,840 51,353,411
54,211,600
21,398,535
10,018,850
5,611,313
3,989,963
2,168,099
03 Public service
20,623
149,099
71,736
27,531
8,008
7,425
5,280
2,869
05 Academic support
3,347,649 14,451,023
15,938,907
7,128,075
2,002,836
1,649,798
1,173,100
637,449
06 Student services
2,165,065
5,107,381
6,447,303
2,261,177
621,348
667,345
474,519
257,849
07 Institutional support
3,574,622 12,067,142
13,992,613
5,957,433
1,422,752
1,448,342
1,029,854
559,610
08 Operation &
0
12,198,806
0
maintenance
5,293,335
1,472,000
-18,964,141
0
0
of plant (see
instructions)
10 Scholarships and
2,146,175

2,146,175
1,008,056
fellowships
expenses, excluding
discounts & allowances
(from E11)
11 Auxiliary enterprises
12,922,862 19,442,460
23,616,517
4,499,311
1,067,182
2,444,489
1,738,171
944,502
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
51,421,971 167,983,308
deductions
185,361,132
80,283,331
32,843,880
13,484,584
7,327,366

Prior year amount
167,983,308
76,584,385
30,504,082

12,120,226
4,533,405
44,241,210

20 12-month Student FTE
5,318

5,070
from E12
21 Total expenses and
34,855

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, 2011 - June 30, 2012

Line No. Description
Current year amount
Prior year amount
01
Total revenues & other additions (from B25)
208,482,514
203,708,406

02
Total expenses & deductions (from C19)
185,361,132
167,983,308

03
Change in net assets during year
23,121,382
35,725,098
CV=(D01-D02)
04
Net assets beginning of year
160,965,800
196,579,816
05
Adjustments to beginning net assets and other gains or losses
-1,138,969
-111,082
CV=[D06-(D03+D04)]
06
Net assets end of year (from A18)
218,562,229
196,579,816

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

The (1,138,969) in adjustments is the loss on disposal of capital assets.

Institution: Colorado School of Mines (126775)
User ID: P1267751
Part H - Details of Endowment Assets
Fiscal Year: July 1, 2011 - June 30, 2012
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
166,000,000
196,000,000
02
Value of endowment assets at the end of the fiscal year
196,000,000
204,000,000

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, 2011 - June 30, 2012
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
107,521,643
107,521,643



02 Sales and
17,649,255
17,649,255
0
services
0
0
03 Federal
34,077,372
grants/contracts
34,077,372
0
0
0
(excludes Pell
Grants)

Revenue from the state government:
04 State
1,529,694
appropriations,
1,529,694
0
0
0
current &
capital
05 State grants
15,084,471
and contracts
15,084,471
0
0
0

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

property and
0
non-property
taxes
09 Gifts and

private grants,
39,258,454
including capital
grants
10 Interest

earnings
1,249,454
11 Dividend

earnings
0
12 Realized capital

gains
0

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, 2011 - June 30, 2012
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
80,283,331
4,499,311
0
75,784,020
0
02 Employee benefits, total
32,843,880
1,067,182
0
31,776,698
0
03 Payment to state
0
retirement funds (maybe
0
0
0
0
included in line 02
above)
04 Current expenditures
49,275,795
other than salaries
36,352,933
12,922,862
0
0

Capital outlay:

05 Construction
45,162,000
45,162,000
0
0
0
06 Equipment purchases
6,934,000
6,934,000
0
0
0
07 Land purchases
0
0
0
0
0
08 Interest on debt

outstanding, all funds & 7,216,815
activities
09 Scholarships/fellowships
21,610,537
21,610,537


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, 2011 - June 30, 2012
Debt
Category
Amount
01 Long-term debt outstanding at beginning of fiscal year
153,327,011
02 Long-term debt issued during fiscal year
1,276,739
03 Long-term debt retired during fiscal year
3,702,783
04 Long-term debt outstanding at end of fiscal year
149,867,939
05 Short-term debt outstanding at beginning of fiscal year
4,154,760
06 Short-term debt outstanding at end of fiscal year
5,187,788

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, 2011 - June 30, 2012
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
18,916,355
09 Total cash and security assets held at end of fiscal year in all other funds
113,530,304

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
Prepared by

This survey component was prepared by:

Keyholder
SFA Contact
HR Contact
Finance Contact
Other










Name:

Sharon Schwab
Email:

SSchwab@mines.edu

How long did it take to prepare this survey
hours
minutes
component?
16
0

The name of the preparer is being collected so that we can follow up with the appropriate person in the event that there
are questions concerning the data. The Keyholder will be copied on all email correspondence to other preparers.
The time it took to prepare this component is being collected so that we can continue to improve our estimate of the
reporting burden associated with IPEDS. Please include in your estimate the time it took for you to review instructions,
query and search data sources, complete and review the component, and submit the data through the Data Collection
System.
Thank you for your assistance.

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 2013.
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 revenues
Core revenues per FTE
enrollment
Tuition and fees
$88,322,512
46%
$16,608
Government appropriations
$0
0%
$0
Government grants and contracts
$53,652,001
28%
$10,089
Private gifts, grants, and contracts
$33,221,777
17%
$6,247
Investment income
$1,203,973
1%
$226
Other core revenues
$14,698,227
8%
$2,764
Total core revenues
$191,098,490
100%
$35,934

Total revenues
$208,482,514

$39,203
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 expenses
Core expenses per FTE
enrollment
Instruction
$68,936,281
43%
$12,963
Research
$54,211,600
34%
$10,194
Public service
$71,736
0%
$13
Academic support
$15,938,907
10%
$2,997
Institutional support
$13,992,613
9%
$2,631
Student services
$6,447,303
4%
$1,212
Other core expenses
$2,146,175
1%
$404
Total core expenses
$161,744,615
100%
$30,415


Core Expenses
Total expenses
$185,361,132

$34,855
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
5,318
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 number entered (7,327,366) has an expected range of between
Explanation
Yes

Entry
2,266,703 and 6,800,107 based on last year's amount. Please explain this
difference. (Error #5301)
Reason: 2 large bond funded projects were substantially completed in FY 2011, thus the interest that was being capitalized into
the projects shows as expense this year.