Finance 2016-17
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 2016-17 Finance data collection:

•For all institutions, the expense matrix has been removed and expenses are collected by functional and natural
classification categories separately, except for salaries and wages.
•For GASB institutions, fields to collect deferred outflows and inflows of resources separately from current assets and
liabilities to comply with GASB 63 have been added.
Please review the new screens and survey materials carefully.




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, 2016.)
Beginning: month/year (MMYYYY)
Month: 7
Year: 2015
And ending: month/year (MMYYYY)
Month: 6
Year: 2016
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
Does your institution include pension liabilities, expenses, and/or deferrals for one or more defined benefit pension plans
in its General Purpose Financial Statements?

No



Yes

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 Position Page 1
Fiscal Year: July 1, 2015 - June 30, 2016
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

Assets


01
Total current assets
129,838,031
154,453,204

31
Depreciable capital assets, net of depreciation
314,408,779
279,425,515
04
Other noncurrent assets
114,724,449
133,990,026
CV=[A05-A31]
05
Total noncurrent assets
429,133,228
413,415,541

06
Total assets
558,971,259
567,868,745
CV=(A01+A05)
19
Deferred outflows of resources
59,432,278



Liabilities


07
Long-term debt, current portion
7,757,751
5,460,000
08
Other current liabilities
37,932,454
41,863,347
CV=(A09-A07)
09
Total current liabilities
45,690,205
47,323,347

10
Long-term debt
203,727,999
194,935,471
11
Other noncurrent liabilities
317,101,432
275,197,426
CV=(A12-A10)
12
Total noncurrent liabilities
520,829,431
470,132,897

13
Total liabilities
566,519,636
517,456,244
CV=(A09+A12)
20
Deferred inflows of resources
3,515,962



Net Position


14
Invested in capital assets, net of related debt
174,605,029
161,559,221
15
Restricted-expendable
20,108,587
21,846,114
16
Restricted-nonexpendable
6,335,529
6,335,566
17
Unrestricted
-152,681,206
-139,328,400
CV=[A18-(A14+A15+A16)]
18
Net position
48,367,939
50,412,501
CV=[(A06+A19)-(A13+A20)]

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 Position Page 2
Fiscal Year: July 1, 2015 - June 30, 2016

Line No. Description
Ending balance
Prior year
Ending balance

Capital Assets



21
Land and land improvements
27,805,408
27,570,408
22
Infrastructure
0
0
23
Buildings
416,747,543
373,617,449
32
Equipment, including art and library collections
83,970,124
77,333,225
27
Construction in progress
31,403,083
45,351,705

Total for Plant, Property and Equipment
559,926,158
523,872,787
CV = (A21+ .. A27)
28
Accumulated depreciation
208,303,467
193,246,607
33
Intangible assets, net of accumulated amortization
366,667
400,000
34
Other capital assets
2,028,347
1,803,364


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, 2015 - June 30, 2016
If your institution is a parent institution then the amounts reported in Parts A and D should include ALL of your
child institutions

Line Description
Current year
Prior year
No.
amount
amount
01
Total revenues and other additions for this institution AND all of its child
258,268,181
254,826,791
institutions

02
Total expenses and deductions for this institution AND all of its child
260,199,501
240,088,547
institutions

03
Change in net position during year
-1,931,320
14,738,244
CV=(D01-D02)
04
Net position beginning of year for this institution AND all of its child
50,412,501
35,698,993
institutions
05
Adjustments to beginning net position and other gains or losses
-113,242
-24,736
CV=[D06-(D03+D04)]
06
Net position end of year for this institution AND all of its child
48,367,939
50,412,501
institutions (from A18)

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, 2015 - June 30, 2016
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)
2,920,573
3,203,279
02
Other federal grants (Do NOT include FDSL amounts)
139,907
131,364
03
Grants by state government
1,804,014
1,677,323
04
Grants by local government
0
0
05
Institutional grants from restricted resources
6,327,864
6,130,855
06
Institutional grants from unrestricted resources
18,899,030
16,292,800
CV=[E07-(E01+...+E05)]
07
Total revenue that funds scholarships and fellowships
30,091,388
27,435,621


Discounts and Allowances


08
Discounts and allowances applied to tuition and fees
28,543,632
25,695,755
09
Discounts and allowances applied to sales and services of
370,809
255,697
auxiliary enterprises
10
Total discounts and allowances
28,914,441
25,951,452
CV=(E08+E09)

11
Net scholarships and fellowships expenses after deducting
1,176,947
1,484,169
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 (1)
Fiscal Year: July 1, 2015 - June 30, 2016

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

Operating Revenues


01
Tuition and fees, after deducting discounts & allowances
115,536,625
115,027,440

Grants and contracts - operating


02
Federal operating grants and contracts
35,621,805
34,123,096
03
State operating grants and contracts
19,411,320
16,088,971
04
Local government/private operating grants and contracts
18,901,204
17,894,645

04a Local government operating grants and contracts
0
0

04b Private operating grants and contracts
18,901,204
17,894,645
05
Sales and services of auxiliary enterprises,
22,314,025
21,304,152
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
3,567,750
2,978,010
CV=[B09-(B01+ ....+B07)]
09
Total operating revenues
215,352,729
207,416,314




Institution: Colorado School of Mines (126775)
User ID: P1267751
Part B - Revenues by Source (2)
Fiscal Year: July 1, 2015 - June 30, 2016

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

Nonoperating Revenues


10
Federal appropriations
0
0
11
State appropriations
2,897,980
1,858,014
12
Local appropriations, education district taxes, and similar support
0
0

Grants-nonoperating


13
Federal nonoperating grants Do NOT include Federal Direct Student
4,469,802
4,732,945
Loans
14
State nonoperating grants
0
0
15
Local government nonoperating grants
0
0
16
Gifts, including contributions from affiliated organizations
19,930,861
20,257,648
17
Investment income
-360,811
889,966
18
Other nonoperating revenues
165,611
155,278
CV=[B19-(B10+...+B17)]
19
Total nonoperating revenues
27,103,443
27,893,851
27
Total operating and nonoperating revenues
242,456,172
235,310,165
CV=[B19+B09]
28
12-month Student FTE from E12
5,850
5,808
29
Total operating and nonoperating revenues per student FTE
41,445
40,515
CV=[B27/B28]




Institution: Colorado School of Mines (126775)
User ID: P1267751
Part B - Revenues by Source (3)
Fiscal Year: July 1, 2015 - June 30, 2016

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

Other Revenues and Additions


20
Capital appropriations
10,044,366
1,760,297
21
Capital grants and gifts
2,414,013
13,826,386
22
Additions to permanent endowments
20,000
656,233
23
Other revenues and additions
3,333,630
3,273,710
CV=[B24-(B20+...+B22)]
24
Total other revenues and additions
15,812,009
19,516,626
CV=[B25-(B9+B19)]

25
Total all revenues and other additions
258,268,181
254,826,791

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-1 - Expenses by Functional Classification
Fiscal Year: July 1, 2015 - June 30, 2016
Report Total Operating AND Nonoperating Expenses in this section
Line No. Expense: Functional Classifications
Total amount
Prior Year
Salaries and wages
Prior Year
Total Amount
Salaries and wages

(1)

(2)

01
Instruction
99,085,392
91,855,034
43,151,235
41,180,744
02
Research
60,683,553
58,494,168
21,082,096
21,167,334
03
Public service
406,482
558,070
136,044
114,729
05
Academic support
26,740,975
23,603,691
9,508,655
9,291,618
06
Student services
10,229,820
9,111,230
3,340,652
3,065,410
07
Institutional support
28,968,442
22,737,397
9,396,619
8,888,609
10
Scholarships and fellowships expenses,
1,176,947
1,484,169

net of discounts and allowances
(from Part E, line 11)
11
Auxiliary enterprises
32,907,890
32,244,788
7,367,282
6,780,680
12
Hospital services

0

0
13
Independent operations

0

0
14
Other Functional Expenses and deductions
0
0
0
0
CV=[C19-(C01+...+C13)]
19
Total expenses and deductions
260,199,501
240,088,547
93,982,583
96,344,051


Institution: Colorado School of Mines (126775)
User ID: P1267751
Part C-2 - Expenses by Natural Classification
Fiscal Year: July 1, 2015 - June 30, 2016
Line No. Expense: Natural Classifications
Total Amount
Prior year amount



19-2
Salaries and Wages(from Part C-1,Column 2 line 19)
93,982,583
96,344,051
19-3
Benefits
61,998,094
55,640,712
19-4
Operation and Maintenance of Plant (as a natural expense)
23,993,617
22,720,090
19-5
Depreciation
18,171,320
16,777,739
19-6
Interest
8,163,596
7,701,154
19-7
Other Natural Expenses and Deductions
53,890,291

CV=[C19-1 - (C19-2 + ... + C19-6)]
19-1
Total Expenses and Deductions
260,199,501
240,088,547
(from Part C-1, Line 19)
20-1
12-month Student FTE (from E12 survey)
5,850
5,808
21-1
Total expenses and deductions per student FTE
44,479
41,338
CV=[C19-1/C20-1]

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 - Pension Information
Fiscal Year: July 1, 2015 - June 30, 2016

Line No. Description
Current year amount
Prior Year amount

01
Pension expense
27,508,000
9,162,273
02
Net Pension liability
296,274,779
258,473,695
03
Deferred inflows related to pension
3,515,962
19,152
04
Deferred outflows related to pension
39,315,613
14,780,841

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, 2015 - June 30, 2016
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
234,189,817
231,605,058
02
Value of endowment assets at the end of the fiscal year
212,302,270
234,189,817

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 the Census Bureau
Fiscal Year: July 1, 2015 - June 30, 2016
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
144,080,257
144,080,257



02 Sales and services
22,684,834
0
22,684,834
0

03 Federal
39,703,156
39,703,156



grants/contracts
(excludes Pell Grants)

Revenue from the state government:
04 State appropriations,
12,942,347
11,091,871
1,850,476


current & capital
05 State grants and
19,411,320
19,411,320



contracts

Revenue from local governments:
06 Local appropriation,
0




current & capital
07 Local government
0




grants/contracts
08 Receipts from property


and non-property
taxes
09 Gifts and private
41,246,079

grants,
NOT including capital
grants
10 Interest earnings
1,746,844

11 Dividend earnings


12 Realized capital gains
184,969


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 the Census Bureau
Fiscal Year: July 1, 2015 - June 30, 2016
Category
Total for all funds and
Education and
Auxiliary
Hospitals
Agriculture
operations (includes
general/
enterprises
extension/
endowment funds,
independent
experiment
but excludes component
operations
services
units)

(1)
(2)
(3)
(4)
(5)
02 Employee benefits, total
61,998,094
58,338,762
3,659,332


03 Payment to state retirement funds
0




(maybe included in line 02 above)
04 Current expenditures including
76,698,710
61,212,543
15,486,167


salaries

Capital outlays

05 Construction
32,602,000
32,602,000



06 Equipment purchases
6,816,000
6,816,000



07 Land purchases
553,000
553,000



08 Interest on debt outstanding, all
8,163,596

funds and activities

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 for Census Bureau, page 1
Fiscal Year: July 1, 2015 - June 30, 2016
Debt
Category
Amount
01 Long-term debt outstanding at beginning of fiscal year
200,395,471
02 Long-term debt issued during fiscal year
40,619,855
03 Long-term debt retired during fiscal year
29,529,577
04 Long-term debt outstanding at end of fiscal year
211,485,750
05 Short-term debt outstanding at beginning of fiscal year

06 Short-term debt outstanding at end of fiscal year


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 for Census Bureau, page 2
Fiscal Year: July 1, 2015 - June 30, 2016
Assets
Category
Amount
07 Total cash and security assets held at end of fiscal year in sinking or debt service funds

08 Total cash and security assets held at end of fiscal year in bond funds
17,282,333
09 Total cash and security assets held at end of fiscal year in all other funds
156,924,672

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
32hours
15minutes

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 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
$115,536,625
49%
$19,750
State appropriations
$2,897,980
1%
$495
Local appropriations
$0
0%
$0
Government grants and contracts
$59,502,927
25%
$10,171
Private gifts, grants, and contracts
$38,832,065
16%
$6,638
Investment income
-$360,811
0%
-$62
Other core revenues
$19,545,370
8%
$3,341
Total core revenues
$235,954,156
100%
$40,334

Total revenues
$258,268,181

$44,148
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
$99,085,392
44%
$16,938
Research
$60,683,553
27%
$10,373
Public service
$406,482
0%
$69
Academic support
$26,740,975
12%
$4,571
Institutional support
$28,968,442
13%
$4,952
Student services
$10,229,820
5%
$1,749
Other core expenses
$1,176,947
1%
$201
Total core expenses
$227,291,611
100%
$38,853

Total expenses
$260,199,501

$44,479
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
5,850
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: Statement of net position (1)
Screen
The value of this field is expected to be greater than
Explanation
Yes

Entry
zero. Please correct your data or explain. (Error #5148)
Reason: GASB 68 unfunded pension liability will keep this value negative for the foreseeable future.
Screen: Changes to Net Position
Screen
The calculated amount of change in net position during
Confirmation
Yes

Entry
the year in Part D (line 03) is expected to be greater
than zero. Please confirm that the data reported are
correct. (Error #5202)
Screen: Pension
Screen
The value is outside the expected range. Please correct Fatal
Yes

Entry
your data or contact the IPEDS Help Desk for
assistance. (Error #5275)
Reason: Overridden by administrator. Data is correct and confirmed via institution's GPFS. SSD
Screen
The value is outside the expected range. Please correct Fatal
Yes

Entry
your data or contact the IPEDS Help Desk for
assistance. (Error #5275)
Reason: Overridden by administrator. Data is correct and confirmed via institution's GPFS. SSD
Screen
The value is outside the expected range. Please correct Fatal
Yes

Entry
your data or contact the IPEDS Help Desk for
assistance. (Error #5275)
Reason: Overridden by administrator. Data is correct and confirmed via institution's GPFS. SSD