Finance 2014-15
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 are changes made to the 2014-15 Finance data collection from the 2013-14 collection. The finance form for

private for-profit schools have been revised to make it more comparable with the finance public and private not-for-
profit forms.




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, 2014.)
Beginning: month/year (MMYYYY)
Month: 7
Year: 2013
And ending: month/year (MMYYYY)
Month: 6
Year: 2014
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
Don't know


Qualified

(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, 2013 - June 30, 2014
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
132,621,499
130,579,620


Noncurrent Assets


31
Depreciable capital assets, net of depreciation
253,139,910
259,182,574
04
Other noncurrent assets
151,275,094
127,373,847
CV=[A05-A31]
05
Total noncurrent assets
404,415,004
386,556,421

06
Total assets
537,036,503
517,136,041
CV=(A01+A05)


Current Liabilities


07
Long-term debt, current portion
6,330,000
5,691,989
08
Other current liabilities
38,960,548
36,632,044
CV=(A09-A07)
09
Total current liabilities
45,290,548
42,324,033


Noncurrent Liabilities


10
Long-term debt
205,561,843
219,725,316
11
Other noncurrent liabilities
15,935,387
15,533,340
CV=(A12-A10)
12
Total noncurrent liabilities
221,497,230
235,258,656

13
Total liabilities
266,787,778
277,582,689
CV=(A09+A12)


Net Assets


14
Invested in capital assets, net of related debt
133,694,174
124,181,857
15
Restricted-expendable
25,994,493
22,281,647
16
Restricted-nonexpendable
5,794,018
6,534,808
17
Unrestricted
104,766,040
86,555,040
CV=[A18-(A14+A15+A16)]
18
Total net assets
270,248,725
239,553,352
CV=(A06-A13)

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 (Page 2)
Fiscal Year: July 1, 2013 - June 30, 2014

Line No. Description
Ending balance
Prior year
Ending balance

Capital Assets



21
Land and land improvements
27,570,408
26,371,118
22
Infrastructure
0
0
23
Buildings
336,697,696
335,100,120
32
Equipment, including art and library collections
72,664,641
66,867,164
27
Construction in progress
31,942,761
6,724,530

Total for Plant, Property and Equipment
468,875,506
435,062,932
CV = (A21+ .. A27)
28
Accumulated depreciation
177,882,608
163,340,744
33
Intangible assets, net of accumulated amortization
433,333
466,667
34
Other capital assets
1,742,100
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, 2013 - June 30, 2014
DO NOT REPORT FEDERAL DIRECT STUDENT LOANS (FDSL) ANYWHERE IN THIS SECTION





Line
Scholarships and Fellowships
Current year
Prior year
No.
amount
amount
01
Pell grants (federal)
3,063,673
2,960,986
02
Other federal grants (Do NOT include FDSL amounts)
151,602
124,553
03
Grants by state government
1,179,820
1,215,480
04
Grants by local government
0
0
05
Institutional grants from restricted resources
5,629,460
4,700,866
06
Institutional grants from unrestricted resources
14,531,229
13,101,124
CV=[E07-(E01+...+E05)]
07
Total gross scholarships and fellowships
24,555,784
22,103,009


Discounts and Allowances


08
Discounts and allowances applied to tuition and fees
23,088,416
20,762,603
09
Discounts and allowances applied to sales and services of
246,839
319,489
auxiliary enterprises
10
Total discounts and allowances
23,335,255
21,082,092
CV=(E08+E09)

11
Net scholarships and fellowships expenses after deducting
1,220,529
1,020,917
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, 2013 - June 30, 2014

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

Operating Revenues


01
Tuition and fees, after deducting discounts & allowances
104,588,495
98,371,498

Grants and contracts - operating


02
Federal operating grants and contracts
35,081,601
32,859,029
03
State operating grants and contracts
14,780,663
15,444,091
04
Local government/private operating grants and contracts
22,047,205
22,017,987

04a Local government operating grants and contracts
0
0

04b Private operating grants and contracts
22,047,205
22,017,987
05
Sales and services of auxiliary enterprises,
19,870,131
18,330,800
after deducting discounts and allowances
06
Sales and services of hospitals,
0
0
after deducting patient contractual allowances
26
Sales and services of educational activities
0
0
07
Independent operations
0
0
08
Other sources - operating
3,042,392
3,331,428
CV=[B09-(B01+ ....+B07)]
09
Total operating revenues
199,410,487
190,354,833




Institution: Colorado School of Mines (126775)
User ID: P1267751
Part B - Revenues and Other Additions
Fiscal Year: July 1, 2013 - June 30, 2014

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

Nonoperating Revenues


10
Federal appropriations
0
0
11
State appropriations
2,218,386
706,326
12
Local appropriations, education district taxes, and similar support
0
0

Grants-nonoperating


13
Federal nonoperating grants Do NOT include Federal Direct Student
4,568,180
4,489,361
Loans
14
State nonoperating grants
0
0
15
Local government nonoperating grants
0
0
16
Gifts, including contributions from affiliated organizations
16,581,497
15,344,538
17
Investment income
5,914,347
1,827,849
18
Other nonoperating revenues
11,133,777
147,051
CV=[B19-(B10+...+B17)]
19
Total nonoperating revenues
40,416,187
22,515,125
27
Total operating and nonoperating revenues CV=[B19+B09]
239,826,674
212,869,958
28
12-month Student FTE from E12
5,575
5,507
29
Total operating and nonoperating revenues per student FTE
43,018
38,654
CV=[B27/B28]




Institution: Colorado School of Mines (126775)
User ID: P1267751
Part B - Revenues and Other Additions
Fiscal Year: July 1, 2013 - June 30, 2014

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

Other Revenues and Additions


20
Capital appropriations
0
1,244,901
21
Capital grants and gifts
4,332,055
2,701,890
22
Additions to permanent endowments
172,363
3,145,182
23
Other revenues and additions
3,152,432
4,188,540
CV=[B24-(B20+...+B22)]
24
Total other revenues and additions
7,656,850
11,280,513

25
Total all revenues and other additions
247,483,524
224,150,471
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, 2013 - June 30, 2014
Report Total Operating AND Nonoperating Expenses in this section


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

Expenses and Deductions

01 Instruction
80,990,765 38,636,472 20,898,827
6,380,361
6,096,061 3,919,209 5,059,835 74,335,324
02 Research
58,541,500 21,338,333 11,454,373
4,611,834
4,406,337 2,832,871 13,897,752 56,906,151
03 Public service
206,840
47,705
12,302
16,295
15,569
10,009
104,960
145,578
05 Academic support
20,134,225
8,133,774
2,968,166
1,586,152
1,515,475
974,311 4,956,347 18,253,757
06 Student services
7,578,015
2,713,152
882,740
596,988
570,387
366,706 2,448,042
7,327,734
07 Institutional support
19,503,469
8,115,091
966,951
1,536,462
1,467,999
943,789 6,473,177 16,897,824
08 Operation and maintenance
0
5,660,702
1,966,605
-16,969,292

9,341,985
0
of plant (see instructions)
10 Scholarships and fellowships
1,220,529
1,220,529
1,020,917
expenses, excluding
discounts and allowances
(from E11)
11 Auxiliary enterprises
28,449,241
6,050,015
1,809,026
2,241,200
2,141,335 1,376,682 14,830,983 26,485,379
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
216,624,584 90,695,244 40,958,990
0
16,213,163 10,423,577 58,333,610 201,372,664
deductions

Prior year amount
201,372,664 86,059,734 38,937,580

14,495,781 8,639,498 53,240,071

20 12-month Student FTE from
5,575

5,507
E12
21 Total expenses and
38,856

36,567
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, 2013 - June 30, 2014

Line No. Description
Current year amount Prior year amount
01
Total revenues and other additions (from B25)
247,483,524
224,150,471

02
Total expenses and deductions (from C19)
216,624,584
201,372,664

03
Change in net position during year
30,858,940
22,777,807
CV=(D01-D02)
04
Net position beginning of year
239,553,352
217,355,721
05
Adjustments to beginning net position and other gains or losses
-163,567
-580,176
CV=[D06-(D03+D04)]
06
Net position end of year (from A18)
270,248,725
239,553,352

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, 2013 - June 30, 2014
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
193,917,535
204,000,000
02
Value of endowment assets at the end of the fiscal year
231,605,058
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, 2013 - June 30, 2014
Source and type
Amount
Total for all
Education and
Auxiliary
Hospitals
Agriculture
funds
general/independent
enterprises
extension/experiment
and operations
operations
services
(includes
endowment
funds,
but excludes
component
units)

(1)
(2)
(3)
(4)
(5)
01 Tuition and fees
127,676,911
127,676,911



02 Sales and services
20,116,970
0
20,116,970
0
0
03 Federal
35,081,601
35,081,601
0
0
0
grants/contracts
(excludes Pell Grants)

Revenue from the state government:
04 State appropriations,
2,218,386
684,592
1,533,794
0
0
current & capital
05 State grants and
35,081,601
35,081,601
0
0
0
contracts

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

and non-property
taxes
09 Gifts and private
43,133,119

grants, including
capital grants
10 Interest earnings
1,992,104

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, 2013 - June 30, 2014
Category
Amount
Total for all funds and
Education and
Auxiliary
Hospitals Agriculture
operations (includes
general/
enterprises
extension/
endowment funds, but
independent
experiment
excludes component units)
operations
services

(1)
(2)
(3)
(4)
(5)
01 Salaries and wages
90,695,243
84,645,228
6,050,015
0
0
02 Employee benefits, total
40,958,990
39,149,964
1,809,026
0
0
03 Payment to state retirement funds
0
0
0
0
0
(maybe included in line 02 above)
04 Current expenditures other than
57,113,083
42,282,099
14,830,984
0
0
salaries

Capital outlay:

05 Construction
29,033,000
29,033,000
0
0
0
06 Equipment purchases
6,362,000
6,362,000
0
0
0
07 Land purchases
181,000
181,000
0
0
0
08 Interest on debt outstanding, all
10,413,107

funds and activities
09 Scholarships/fellowships
24,555,784
24,555,784


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, 2013 - June 30, 2014
Debt
Category
Amount
01 Long-term debt outstanding at beginning of fiscal year
219,725,315
02 Long-term debt issued during fiscal year
605,854
03 Long-term debt retired during fiscal year
14,131,315
04 Long-term debt outstanding at end of fiscal year
205,561,843
05 Short-term debt outstanding at beginning of fiscal year
5,691,989
06 Short-term debt outstanding at end of fiscal year
6,330,000

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 L - Debt and Assets, page 2
Fiscal Year: July 1, 2013 - June 30, 2014
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
43,323,766
09 Total cash and security assets held at end of fiscal year in all other funds
159,238,922

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
Academic Library Contact
Other








Name: Sharon Schwab


Email: SSchwab@mines.edu


How long did it take to prepare this
11hours
4minutes

survey component?

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 Data Center and sent to your institution’s CEO in
November 2015.
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
$104,588,495
46%
$18,760
State appropriations
$2,218,386
1%
$398
Local appropriations
$0
0%
$0
Government grants and contracts
$54,430,444
24%
$9,763
Private gifts, grants, and contracts
$38,628,702
17%
$6,929
Investment income
$5,914,347
3%
$1,061
Other core revenues
$21,833,019
10%
$3,916
Total core revenues
$227,613,393
100%
$40,828

Total revenues
$247,483,524

$44,392
Other core revenues include federal appropriations; sales and services of educational activities; other operating and
nonoperating sources; and other revenues and additions (e.g., capital appropriations, capital grants and gifts, etc.). 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
$80,990,765
43%
$14,527
Research
$58,541,500
31%
$10,501
Public service
$206,840
0%
$37
Academic support
$20,134,225
11%
$3,612
Institutional support
$19,503,469
10%
$3,498
Student services
$7,578,015
4%
$1,359
Other core expenses
$1,220,529
1%
$219
Total core expenses
$188,175,343
100%
$33,753

Total expenses
$216,624,584

$38,856
Other core expenses include scholarships and fellowships, net of discounts and allowances, and other expenses. Core expenses
exclude expenses from auxiliary enterprises (e.g., bookstores, dormitories), hospitals, and independent operations.

Calculated value
FTE enrollment
5,575

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: Endowment data
Screen
The value of endowment assets at the beginning of the
Explanation
Yes

Entry
fiscal year (line 01) is expected to be equal to the prior year
value of endowment assets at the end of the fiscal year
(line 02). Please correct your data or explain. (Error #5186)
Reason: Clean up of endowment funds to remove board designated quasi-endowments.