Finance 2015-16
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 a few new changes to the 2015-16 Finance data collection. A new FAQ clarifying how to report VA

education benefits has been added for all institutions. For GASB institutions, a new pension screen (Part M) has been
added to accommodate the implementation of GASB Statement 68. Please review the new screen and survey
materials carefully. Additionally, instructions for parts J,K,L have been slightly modified and FAQs have been added
for clarity.




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, 2015.)
Beginning: month/year (MMYYYY)
Month: 7
Year: 2014
And ending: month/year (MMYYYY)
Month: 6
Year: 2015
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 ?

No


Yes - (report endowment assets)

6. Pension
Did your institution recognize additional (or decreased) pension expense, additional liability (or assets), or additional
deferral related to the implementation of GASB Statement 68 for one or more defined benefit pension plans (either as a
single employer, agent employer or cost-sharing multiple employer) in Fiscal Year 2015?

No



Yes - (report additional (unfunded) pension information)

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, 2014 - June 30, 2015
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
154,453,204
132,621,499


Noncurrent Assets


31
Depreciable capital assets, net of depreciation
279,425,515
253,139,910
04
Other noncurrent assets
133,990,026
151,275,094
CV=[A05-A31]
05
Total noncurrent assets
413,415,541
404,415,004

06
Total assets
567,868,745
537,036,503
CV=(A01+A05)


Current Liabilities


07
Long-term debt, current portion
5,460,000
6,330,000
08
Other current liabilities
41,863,347
38,960,548
CV=(A09-A07)
09
Total current liabilities
47,323,347
45,290,548


Noncurrent Liabilities


10
Long-term debt
194,935,471
205,561,843
11
Other noncurrent liabilities
275,197,426
15,935,387
CV=(A12-A10)
12
Total noncurrent liabilities
470,132,897
221,497,230

13
Total liabilities
517,456,244
266,787,778
CV=(A09+A12)


Net Assets


14
Invested in capital assets, net of related debt
161,559,221
133,694,174
15
Restricted-expendable
21,846,114
25,994,493
16
Restricted-nonexpendable
6,335,566
5,794,018
17
Unrestricted
-139,328,400
104,766,040
CV=[A18-(A14+A15+A16)]
18
Total net assets
50,412,501
270,248,725
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, 2014 - June 30, 2015

Line No. Description
Ending balance
Prior year
Ending balance

Capital Assets



21
Land and land improvements
27,570,408
27,570,408
22
Infrastructure
0
0
23
Buildings
373,617,449
336,697,696
32
Equipment, including art and library collections
77,333,225
72,664,641
27
Construction in progress
45,351,705
31,942,761

Total for Plant, Property and Equipment
523,872,787
468,875,506
CV = (A21+ .. A27)
28
Accumulated depreciation
193,246,607
177,882,608
33
Intangible assets, net of accumulated amortization
400,000
433,333
34
Other capital assets
1,803,364
1,742,100


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, 2014 - June 30, 2015
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)
3,203,279
3,063,673
02
Other federal grants (Do NOT include FDSL amounts)
131,364
151,602
03
Grants by state government
1,677,323
1,179,820
04
Grants by local government
0
0
05
Institutional grants from restricted resources
6,130,855
5,629,460
06
Institutional grants from unrestricted resources
16,292,800
14,531,229
CV=[E07-(E01+...+E05)]
07
Total gross scholarships and fellowships
27,435,621
24,555,784


Discounts and Allowances


08
Discounts and allowances applied to tuition and fees
25,695,755
23,088,416
09
Discounts and allowances applied to sales and services of
255,697
246,839
auxiliary enterprises
10
Total discounts and allowances
25,951,452
23,335,255
CV=(E08+E09)

11
Net scholarships and fellowships expenses after deducting
1,484,169
1,220,529
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 by Source
Fiscal Year: July 1, 2014 - June 30, 2015

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

Operating Revenues


01
Tuition and fees, after deducting discounts & allowances
115,027,440
104,588,495

Grants and contracts - operating


02
Federal operating grants and contracts
34,123,096
35,081,601
03
State operating grants and contracts
16,088,971
14,780,663
04
Local government/private operating grants and contracts
17,894,645
22,047,205

04a Local government operating grants and contracts
0
0

04b Private operating grants and contracts
17,894,645
22,047,205
05
Sales and services of auxiliary enterprises,
21,304,152
19,870,131
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
2,978,010
3,042,392
CV=[B09-(B01+ ....+B07)]
09
Total operating revenues
207,416,314
199,410,487




Institution: Colorado School of Mines (126775)
User ID: P1267751
Part B - Revenues by Source
Fiscal Year: July 1, 2014 - June 30, 2015

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

Nonoperating Revenues


10
Federal appropriations
0
0
11
State appropriations
1,858,014
2,218,386
12
Local appropriations, education district taxes, and similar support
0
0

Grants-nonoperating


13
Federal nonoperating grants Do NOT include Federal Direct Student
4,732,945
4,568,180
Loans
14
State nonoperating grants
0
0
15
Local government nonoperating grants
0
0
16
Gifts, including contributions from affiliated organizations
20,257,648
16,581,497
17
Investment income
889,966
5,914,347
18
Other nonoperating revenues
155,278
11,133,777
CV=[B19-(B10+...+B17)]
19
Total nonoperating revenues
27,893,851
40,416,187
27
Total operating and nonoperating revenues CV=[B19+B09]
235,310,165
239,826,674
28
12-month Student FTE from E12
5,808
5,575
29
Total operating and nonoperating revenues per student FTE
40,515
43,018
CV=[B27/B28]




Institution: Colorado School of Mines (126775)
User ID: P1267751
Part B - Revenues by Source
Fiscal Year: July 1, 2014 - June 30, 2015

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

Other Revenues and Additions


20
Capital appropriations
1,760,297
0
21
Capital grants and gifts
13,826,386
4,332,055
22
Additions to permanent endowments
656,233
172,363
23
Other revenues and additions
3,273,710
3,152,432
CV=[B24-(B20+...+B22)]
24
Total other revenues and additions
19,516,626
7,656,850

25
Total all revenues and other additions
254,826,791
247,483,524
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 by Functional and Natural Classification
Fiscal Year: July 1, 2014 - June 30, 2015
Report Total Operating AND Nonoperating Expenses in this section


Expense Natural Classifications


1
2
3
4
5
6
7
8
Line Expense Functional
Total
Salaries and Employee
Operation
Depreciation Interest
All other
PY Total
No. Classifications
amount
wages
fringe
and
Amount
benefits
maintenance
of plant
01 Instruction
91,855,034 41,180,744 27,656,824
8,746,506
6,458,891 2,964,697 4,847,372 80,990,765
02 Research
58,494,168 21,167,334 13,489,850
5,569,859
4,113,084 1,887,948 12,266,093 58,541,500
03 Public service
114,729
56,819
53,140
39,241
18,013
276,128
206,840
558,070
05 Academic support
23,603,691
9,291,618
4,422,895
2,247,562
1,659,720
761,829 5,220,067 20,134,225
06 Student services
9,111,230
3,065,410
1,342,099
867,578
640,666
294,072 2,901,405
7,578,015
07 Institutional support
22,737,397
8,888,609
3,177,223
2,165,072
1,598,808
733,868 6,173,817 19,503,469
08 Operation and maintenance
0
5,854,927
2,782,653 -22,720,090

14,082,510
0
of plant (see instructions)
10 Scholarships and fellowships
1,484,169
1,484,169
1,220,529
expenses, excluding discounts
and allowances (from E11)
11 Auxiliary enterprises
32,244,788
6,780,680
2,712,349
3,070,373
2,267,329 1,040,727 16,373,330 28,449,241
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
240,088,547 96,344,051 55,640,712
0
16,777,739 7,701,154 63,624,891 216,624,584
deductions

Prior year amount
216,624,584 90,695,244 40,958,990

16,213,163 10,423,577 58,333,610

20 12-month Student FTE from
5,808

5,575
E12
21 Total expenses and
41,338

38,856
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 M - Additional (Unfunded) Pension Information
Fiscal Year: July 1, 2014 - June 30, 2015

Line No.
Description
Current year amount

01
Additional (or decreased) pension expense
9,162,273

02
Additional pension liability (or asset)
258,473,695

03
Deferred inflows of resources
19,152

04
Deferred outflows of resources
14,780,841

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

We had a 234,549,732 change to beginning net assets as a result of
retroactively applying GASB 68.

Institution: Colorado School of Mines (126775)
User ID: P1267751
Part D - Summary of Changes In Net Position
Fiscal Year: July 1, 2014 - June 30, 2015

Line No. Description
Current year amount Prior year amount
01
Total revenues and other additions (from B25)
254,826,791
247,483,524

02
Total expenses and deductions (from C19)
240,088,547
216,624,584

03
Change in net position during year
14,738,244
30,858,940
CV=(D01-D02)
04
Net position beginning of year
35,698,993
239,553,352
05
Adjustments to beginning net position and other gains or losses
-24,736
-163,567
CV=[D06-(D03+D04)]
06
Net position end of year (from A18)
50,412,501
270,248,725

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, 2014 - June 30, 2015
Line Value of Endowment Assets
Market
Prior Year
No.
Value
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
231,605,058
193,917,535
02
Value of endowment assets at the end of the fiscal year
234,189,817
231,605,058

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, 2014 - June 30, 2015
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
140,723,195
140,723,195



02 Sales and services
21,559,849
0
21,559,849
0
0
03 Federal
38,490,450
38,490,450
0
0
0
grants/contracts
(excludes Pell Grants)

Revenue from the state government:
04 State appropriations,
3,618,311
1,970,068
1,648,243
0
0
current & capital
05 State grants and
16,088,971
16,088,971

0
0
contracts

Revenue from local governments:
06 Local appropriation,
0


0
0
current & capital
07 Local government
0


0
0
grants/contracts
08 Receipts from property
0

and non-property
taxes
09 Gifts and private
52,634,911

grants, including
capital grants
10 Interest earnings
1,562,108

11 Dividend earnings
0

12 Realized capital gains
224,775


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, 2014 - June 30, 2015
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
96,344,052
89,563,372
6,780,680
0

02 Employee benefits, total
55,640,712
52,928,363
2,712,349
0

03 Payment to state retirement funds
0




(maybe included in line 02 above)
04 Current expenditures other than
62,140,723
45,767,393
16,373,330


salaries

Capital outlay:

05 Construction
50,833,000
50,833,000



06 Equipment purchases
5,746,000
5,746,000



07 Land purchases
281,000
281,000



08 Interest on debt outstanding, all
7,688,904

funds and activities
09 Scholarships/fellowships
27,435,621
27,435,621


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, 2014 - June 30, 2015
Debt
Category
Amount
01 Long-term debt outstanding at beginning of fiscal year
211,891,843
02 Long-term debt issued during fiscal year
567,620
03 Long-term debt retired during fiscal year
12,063,992
04 Long-term debt outstanding at end of fiscal year
200,395,471
05 Short-term debt outstanding at beginning of fiscal year
0
06 Short-term debt outstanding at end of fiscal year
0

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

Had been showing current portion of long-term debt as short-term debt in
prior years

Institution: Colorado School of Mines (126775)
User ID: P1267751
Part L - Debt and Assets, page 2
Fiscal Year: July 1, 2014 - June 30, 2015
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
15,333,861
09 Total cash and security assets held at end of fiscal year in all other funds
164,749,054

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 2016.
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
$115,027,440
49%
$19,805
State appropriations
$1,858,014
1%
$320
Local appropriations
$0
0%
$0
Government grants and contracts
$54,945,012
24%
$9,460
Private gifts, grants, and contracts
$38,152,293
16%
$6,569
Investment income
$889,966
0%
$153
Other core revenues
$22,649,914
10%
$3,900
Total core revenues
$233,522,639
100%
$40,207

Total revenues
$254,826,791

$43,875
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.
For institutions reporting in Full parent/child relationships, core revenues per FTE enrollment amounts will not be allocated to
child institutions.
Core Expenses
Expense function
Reported values
Percent of total core
Core expenses per FTE
expenses
enrollment
Instruction
$91,855,034
44%
$15,815
Research
$58,494,168
28%
$10,071
Public service
$558,070
0%
$96
Academic support
$23,603,691
11%
$4,064
Institutional support
$22,737,397
11%
$3,915
Student services
$9,111,230
4%
$1,569
Other core expenses
$1,484,169
1%
$256
Total core expenses
$207,843,759
100%
$35,786

Total expenses
$240,088,547

$41,338
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. For
institutions reporting in Full parent/child relationships, core expenses per FTE enrollment amounts will not be allocated to child
institutions.

Calculated value

FTE enrollment
5,808
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: Financial Position
Screen
The amount reported is outside the expected range of
Explanation
Yes

Entry
between 133,393,889 and 400,181,667 when compared with
the prior year value. Please correct your data or explain.
(Error #5301)
Reason: GASB 68 added Net Pension Liability of 258,473,695.
Screen
The value of this field is expected to be greater than zero.
Explanation
Yes

Entry
Please correct your data or explain. (Error #5148)
Reason: GASB 68 reduced Unrestricted Net Assets by 243,712,005
Screen: Expenses
Screen
The amount reported is outside the expected range of
Explanation
Yes

Entry
between 103,420 and 310,260 when compared with the prior
year value. Please correct your data or explain. (Error #5301)
Reason: A single public service grant gained 324K in new funding for the year.
Screen: Net Position
Screen
The reported value of Net position beginning of year (line 04)
Explanation
Yes

Entry
is expected to be equal to the prior year amount of Net
position end of year (line 06). Please correct your data or
explain. (Error #5303)
Reason: Retroactive application of GASB 68 changed beginning net position.