Finance 2018-19 Institution: Pima Community College (105525)Finance 2018-19 Institution: Pima...

Finance 2018-19Institution: Pima Community College (105525)User ID: P1055251

OverviewFinance Overview

Purpose The purpose of the IPEDS Finance component is to collect basic financial information from items associated with theinstitution's General Purpose Financial Statements.

There are a few minor additions to the 2018-19 collection.

• For GASB institutions, guidance has been added to Part D and Part C to accommodate implementation ofGASB Statements 74/75. Please carefully review FAQ #21 and the specified parts' instructions.

• For FASB not-for-profit institutions, a crosswalk has been developed to provide guidance for FASBAccounting Standard Update 2016-14, Not-for-profit Entities (Topic 950): Presentation of FinancialStatements of Not-for-profit Entities.

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 (877) 225-2568.

https://nces.ed.gov/ipeds/pdf/Crosswalk_FASB_ASU201614.pdf

https://surveys.nces.ed.gov/ipeds/VisIndex.aspx

http://192.168.102.89/ipeds/PriorYearDataRedirect.aspx?survey_id=5

Institution: Pima Community College (105525)User ID: P1055251

Finance - Public Institutions' Reporting StandardReporting 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 thisquestion will determine the forms you will receive for reporting finance data.


Finance - Public Institutions Using GASB StandardsGeneral Information

GASB-Reporting Institutions (aligned form)To the extent possible, the finance data requested in this report should be provided from your institution's auditedGeneral Purpose Financial Statements (GPFS). Please refer to the instructions specific to each screen of the survey fordetails and references.1. Fiscal Year CalendarThis report covers financial activities for the 12-month fiscal year: (The fiscal year reported should be the mostrecent fiscal year ending before October 1, 2018.)Beginning: month/year (MMYYYY) Month: 7 Year: 2017And ending: month/year (MMYYYY) Month: 6 Year: 20182. Audit OpinionDid your institution receive an unqualified opinion on its General Purpose Financial Statements from your auditor for thefiscal year noted above? (If your institution is audited only in combination with another entity, answer this question basedon the audit of that entity.) Unqualified Qualified

(Explain inbox below)

Don't know OR in progress(Explain inbox below)

3. Reporting ModelGASB Statement No. 34 offers three alternative reporting models for special-purpose governments like colleges anduniversities. Which model is used by your institution? Business-type activities

Governmental Activities

Governmental Activities with Business-Type Activities

4. Intercollegiate AthleticsIf your institution participates in intercollegiate athletics, are the expenses accounted for as auxiliary enterprises ortreated as student services? Auxiliary enterprises

Student services

Does not participate in intercollegiate athletics

Other (specify in box below)

5. Endowment AssetsDoes this institution or any of its foundations or other affiliated organizations own endowment assets ? No

Yes - (report endowment assets)

6. PensionDoes your institution include pension liabilities, expenses, and/or deferrals for one or more defined benefit pension plansin its General Purpose Financial Statements? No

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


Part A - Statement of Net Position Page 1Fiscal Year: July 1, 2017 - June 30, 2018

If your institution is a parent institution then the amounts reported in Parts A and D should include ALL of yourchild institutions

Line no. Current year amount Prior year amount

Assets 01 Total current assets 104,234,903 91,822,400

31 Depreciable capital assets, net of depreciation 80,448,375 84,991,86704 Other noncurrent assets

CV=[A05-A31] 49,872,169 46,872,190

05 Total noncurrent assets 130,320,544 131,864,057

06 Total assetsCV=(A01+A05)

234,555,447 223,686,457

19 Deferred outflows of resources 16,228,856 25,132,919 Liabilities

07 Long-term debt, current portion 0 008 Other current liabilities

CV=(A09-A07) 18,668,931 18,952,240

09 Total current liabilities 18,668,931 18,952,240

10 Long-term debt 1,067,207 011 Other noncurrent liabilities

CV=(A12-A10) 127,471,731 140,680,484

12 Total noncurrent liabilities 128,538,938 140,680,484

13 Total liabilitiesCV=(A09+A12)

147,207,869 159,632,724

20 Deferred inflows of resources 15,167,495 17,294,371 Net Position

14 Invested in capital assets, net of related debt 96,772,449 100,330,57015 Restricted-expendable 12,451,846 11,339,87616 Restricted-nonexpendable 0 017 Unrestricted

CV=[A18-(A14+A15+A16)] -20,815,356 -39,778,165

18 Net positionCV=[(A06+A19)-(A13+A20)]

88,408,939 71,892,281

You may use the space below to provide context for the data you've reported above. Decreased pension-related liabilities, increased net position in total,specifically unrestricted net position.


Part A - Statement of Net Position Page 2Fiscal Year: July 1, 2017 - June 30, 2018

Line No. Description Ending balance Prior year

Ending balance Capital Assets

21 Land and land improvements 15,291,311 15,291,31122 Infrastructure 0 023 Buildings 193,712,220 193,712,22032 Equipment, including art and library collections 37,198,722 36,873,77927 Construction in progress 2,361,583 47,392

Total for Plant, Property and EquipmentCV = (A21+ .. A27)

248,563,836 245,924,702

28 Accumulated depreciation 150,462,567 145,594,13233 Intangible assets, net of accumulated amortization 0 034 Other capital assets 0 0

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


Part D - Summary of Changes In Net PositionFiscal Year: July 1, 2017 - June 30, 2018

If your institution is a parent institution then the amounts reported in Parts A and D should include ALL of yourchild institutions

Line No. Description Current year amount Prior year amount

01 Total revenues and other additions for thisinstitution AND all of its child institutions

191,910,735 185,280,165

02 Total expenses and deductions for this institution

AND all of its child institutions 175,471,248 179,653,104

03 Change in net position during year

CV=(D01-D02) 16,439,487 5,627,061

04 Net position beginning of year for this institutionAND all of its child institutions

71,892,281 66,287,286

05 Adjustments to beginning net position and othergains or lossesCV=[D06-(D03+D04)]

77,171 -22,066

06 Net position end of year for this institution AND allof its child institutions (from A18)

88,408,939 71,892,281

The notes below provide context for the data reported above and should reflect whether the institution wasimpacted by implementation of GASB 74/75 - Reporting for Postemployment Benefits Other than Pension(OPEB).

• Institutions NOT impacted by GASB 74/75 (e.g., cases where the system office or another entity absorbs allthe OPEB liabilities/assets for the campuses) should select option (1) "Non-applicable..." from the dropdownmenu and enter any additional comments in the context box.

• Institutions impacted by GASB 74/75 should include the full net OPEB liability/asset in line 05 and 06 andselect either the 2nd or 3rd option.***Choosing option (2) will require you to enter the amount of the net OPEB liability/asset in the context boxusing a specific number format ###,###,###. Choosing option (3) will allow you to enter the amount of the netOPEB liability/asset in the context box AND any other comments to explain the data. Place the OPEB amountin parentheses using the format (###,###,###) prior to entering the explanation text.***

(3) Institution’s adjustment to beg. net position includes net OPEB liability/asset. Enter amount and other notes. (164,336) The amount for the net OPEB adjustment is $164,336.


Part E - Scholarships and FellowshipsFiscal Year: July 1, 2017 - June 30, 2018

Do not report Federal Direct Student Loans (FDSL) anywhere in this section.

LineNo.

Scholarships and Fellowships Current yearamount

Prior yearamount

01 Pell grants (federal) 29,632,177 27,042,55902 Other federal grants (Do NOT include FDSL amounts) 1,142,769 1,118,52003 Grants by state government 94,327 99,20904 Grants by local government 0 005 Institutional grants from restricted resources 669,619 740,83306 Institutional grants from unrestricted resources

CV=[E07-(E01+...+E05)] 1,106,514 1,019,359

07 Total revenue that funds scholarships and fellowships 32,645,406 30,020,480 Discounts and Allowances

08 Discounts and allowances applied to tuition and fees 16,095,920 14,570,91109 Discounts and allowances applied to sales and services of

auxiliary enterprises 0 0

10 Total discounts and allowancesCV=(E08+E09)

16,095,920 14,570,911

11 Net scholarships and fellowships expenses after deducting

discounts and allowancesCV= (E07-E10) This amount will be carried forward to C10 of theexpense section.

16,549,486 15,449,569



Part B - Revenues by Source (1)Fiscal Year: July 1, 2017 - June 30, 2018

Report in whole dollars only Line No. Source of Funds Current year amount Prior year amount Operating Revenues

01 Tuition and fees, after deducting discounts and allowances 28,532,331 28,834,580 Grants and contracts - operating

02 Federal operating grants and contracts 627,287 371,34503 State operating grants and contracts 443,327 483,18004 Local government/private operating grants and contracts 1,696,311 1,805,824

04a Local government operating grants and contracts 744,370 671,520 04b Private operating grants and contracts 951,941 1,134,304

05 Sales and services of auxiliary enterprises,after deducting discounts and allowances

1,067,161 1,720,067

26 Sales and services of educational activities 0 008 Other sources - operating (CV)

CV=[B09-(B01+ ....+B26)] 1,008,383 924,053

09 Total operating revenues 33,374,800 34,139,049



LineNo.

Source of funds Current yearamount

Prior yearamount

Nonoperating Revenues 10 Federal appropriations 0 011 State appropriations 0 012 Local appropriations, education district taxes, and similar support 111,324,689 106,823,980

Grants-nonoperating 13 Federal nonoperating grants Do NOT include Federal Direct Student

Loans 42,048,279 39,191,021

14 State nonoperating grants 844,122 1,015,64315 Local government nonoperating grants 478,993 528,59516 Gifts, including contributions from affiliated organizations 661,829 711,22317 Investment income 706,141 323,91018 Other nonoperating revenues

CV=[B19-(B10+...+B17)] 2,391,232 2,507,224

19 Total nonoperating revenues 158,455,285 151,101,59627 Total operating and nonoperating revenues

CV=[B19+B09] 191,830,085 185,240,645

28 12-month Student FTE from E12 14,013 13,74329 Total operating and nonoperating revenues per student FTE

CV=[B27/B28] 13,689 13,479



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

Other Revenues and Additions 20 Capital appropriations 0 021 Capital grants and gifts 80,650 39,52022 Additions to permanent endowments 0 023 Other revenues and additions

CV=[B24-(B20+...+B22)] 0 0

24 Total other revenues and additionsCV=[B25-(B9+B19)]

80,650 39,520

25 Total all revenues and other additions 191,910,735 185,280,165



Part C-1 - Expenses by Functional ClassificationFiscal Year: July 1, 2017 - June 30, 2018

Report Total Operating AND Nonoperating Expenses in this sectionLine No. Expense: Functional Classifications Total amount Prior Year

Total AmountSalaries and wages Prior Year

Salaries and wages (1) (2)

01 Instruction 60,288,404 62,064,291 40,202,259 39,470,82802 Research 0 0 0 003 Public service 0 0 0 005 Academic support 29,022,699 29,813,498 17,218,872 17,293,19106 Student services 31,489,971 32,831,577 18,230,773 17,729,37707 Institutional support 31,178,569 38,532,850 17,433,582 16,888,68410 Scholarships and fellowships expenses,

net of discounts and allowances(from Part E, E11)

16,549,486 15,449,569

11 Auxiliary enterprises 901,202 961,319 100,603 116,07614 Other Functional Expenses and deductions

CV=[C19-(C01+...+C11)] 6,040,917 0 0 0

19 Total expenses and deductions 175,471,248 179,653,104 93,186,089 91,498,156


Part C-2 - Expenses by Natural ClassificationFiscal Year: July 1, 2017 - June 30, 2018

Line No. Expense: Natural Classifications Total Amount Prior year amount

19-2 Salaries and Wages(from Part C-1,Column 2 line 19) 93,186,089 91,498,15619-3 Benefits 26,526,766 26,139,44219-4 Operation and Maintenance of Plant (as a natural expense) 14,767,795 16,299,38819-5 Depreciation 7,117,410 7,701,08319-6 Interest 32,493 019-7 Other Natural Expenses and Deductions

CV=[C19-1 - (C19-2 + ... + C19-6)] 33,840,695 38,015,035

19-1 Total Expenses and Deductions(from Part C-1, Line 19)

175,471,248 179,653,104

20-1 12-month Student FTE (from E12 survey) 14,013 13,74321-1 Total expenses and deductions per student FTE

CV=[C19-1/C20-1] 12,522 13,072



Part M - Pension InformationFiscal Year: July 1, 2017 - June 30, 2018

Line No. Description Current year amount Prior Year amount

01 Pension expense 2,271,810 7,325,521 02 Net Pension liability 123,727,324 137,501,128 03 Deferred inflows related to pension 15,167,495 17,294,371 04 Deferred outflows related to pension 16,228,856 25,132,919

You may use the space below to provide context for the data you've reported above. A decrease in pension expense and deferred outflows related to pensionswere due to prior year contributions to retirement plans.


Part H - Details of Endowment AssetsFiscal Year: July 1, 2017 - June 30, 2018

LineNo.

Value of Endowment Assets MarketValue

Prior YearAmounts

Include not only endowment assets held by the institution, but any assets held byprivate foundations affiliated with the institution.

01 Value of endowment assets at the beginning of the fiscal year 5,441,676 5,396,62902 Value of endowment assets at the end of the fiscal year 5,546,220 5,441,676



Part J - Revenue Data for the Census BureauFiscal Year: July 1, 2017 - June 30, 2018

Source and type AmountTotal for all

fundsand operations

(includesendowment

funds,but excludescomponent

units)

Education andgeneral/independent

operations

Auxiliaryenterprises

Hospitals Agricultureextension/experiment

services

(1) (2) (3) (4) (5)01Tuition and fees 44,628,251 44,628,251 02Sales and services 1,067,161 0 1,067,161 003Federal

grants/contracts(excludes Pell Grants)

11,316,286 11,316,286 0 0 0

Revenue from the state government:04State appropriations,

current & capital 0 0 0 0 0

05State grants andcontracts

1,287,439 1,287,439 0 0 0

Revenue from local governments:06Local appropriation,

current & capital 0 0 0 0 0

07Local governmentgrants/contracts

994,370 994,370 0 0 0

08Receipts from propertyand non-propertytaxes

111,324,689

09Gifts and privategrants,NOT including capitalgrants

1,868,673

10Interest earnings 626,296 11Dividend earnings 0 12Realized capital gains 0 You may use the space below to provide context for the data you've reported above.


Part K - Expenditure Data for the Census BureauFiscal Year: July 1, 2017 - June 30, 2018

Category Total for all funds and operations (includesendowment funds,

but excludes componentunits)

Education andgeneral/

independentoperations

Auxiliaryenterprises

Hospitals Agricultureextension/experiment

services

(1) (2) (3) (4) (5)02Employee benefits, total 27,955,883 27,925,318 30,565 0 003Payment to state retirement funds

(may be included in line 02 above) 9,104,091 9,104,091 0 0 0

04Current expenditures includingsalaries

135,237,797 134,391,104 846,693 0 0

Capital outlays 05Construction 2,314,191 2,314,191 0 0 006Equipment purchases 2,245,371 2,245,371 0 0 007Land purchases 0 0 0 0 008Interest on debt outstanding, all

funds and activities 0



Part L - Debt and Assets for Census Bureau, page 1Fiscal Year: July 1, 2017 - June 30, 2018

DebtCategory Amount01 Long-term debt outstanding at beginning of fiscal year 002 Long-term debt issued during fiscal year 1,433,58203 Long-term debt retired during fiscal year 104,76204 Long-term debt outstanding at end of fiscal year 1,328,82005 Short-term debt outstanding at beginning of fiscal year 006 Short-term debt outstanding at end of fiscal year 0



Part L - Debt and Assets for Census Bureau, page 2Fiscal Year: July 1, 2017 - June 30, 2018

AssetsCategory Amount07 Total cash and security assets held at end of fiscal year in sinking or debt service funds 008 Total cash and security assets held at end of fiscal year in bond funds 009 Total cash and security assets held at end of fiscal year in all other funds 123,788,581 You may use the space below to provide context for the data you've reported above.


Prepared byThe name of the preparer is being collected so that we can follow up with the appropriate person in the event that thereare 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 thereporting 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 CollectionSystem.Thank you for your assistance. This survey component was prepared by: Keyholder SFA Contact HR Contact

Finance Contact Academic Library Contact Other

Name: Nicola Richmond Email: [email protected] How many staff from your institution only were involved in the data collection and reporting process of thissurvey component? 3.00Number of Staff (including yourself) How many hours did you and others from your institution only spend on each of the steps below whenresponding to this survey component?

Exclude the hours spent collecting data for state and other reporting purposes. Staff member Collecting Data

NeededRevising Data to MatchIPEDS Requirements

Entering Data Revising andLocking Data

Your office hours hours hours hours Other offices hours hours hours hours

Institution: Pima Community College (105525) User ID: P1055251Summary

Finance Survey Summary

IPEDS collects important information regarding your institution. All data reported in IPEDSsurvey components become available in the IPEDS Data Center and appear as aggregated datain various Department of Education reports. Additionally, some of the reported data appearsspecifically for your institution through the College Navigator website and is included in yourinstitution’s Data Feedback Report (DFR). The purpose of this summary is to provide you anopportunity to view some of the data that, when accepted through the IPEDS quality controlprocess, will appear on the College Navigator website and/or your DFR. College Navigator isupdated approximately three months after the data collection period closes and Data FeedbackReports will be available through the Data Center and sent to your institution’s CEO inNovember 2018.

Please review your data for accuracy. If you have questions about the data displayed belowafter reviewing the data reported on the survey screens, please contact the IPEDS Help Desk at:1-877-225-2568 or [email protected].

Core Revenues

Revenue Source Reported values Percent of total corerevenues

Core revenues per FTEenrollment

Tuition and fees $28,532,331 15% $2,036

State appropriations $0 0% $0

Local appropriations $111,324,689 58% $7,944

Government grants and contracts $45,186,378 24% $3,225

Private gifts, grants, and contracts $1,613,770 1% $115

Investment income $706,141 0% $50

Other core revenues $3,480,265 2% $248

Total core revenues $190,843,574 100% $13,619

Total revenues $191,910,735 $13,695

Other core revenues include federal appropriations; sales and services of educational activities; other operating andnonoperating sources; and other revenues and additions (e.g., capital appropriations, capital grants and gifts, etc.). Corerevenues 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 tochild institutions.

Core Expenses

Expense function Reported values Percent of total coreexpenses

Core expenses per FTEenrollment

Instruction $60,288,404 35% $4,302

Research $0 0% $0

Public service $0 0% $0

Academic support $29,022,699 17% $2,071

Institutional support $31,178,569 18% $2,225

Student services $31,489,971 18% $2,247

Other core expenses $22,590,403 13% $1,612

Total core expenses $174,570,046 100% $12,458

Total expenses $175,471,248 $12,522

Other core expenses include scholarships and fellowships, net of discounts and allowances, and other expenses. Core expensesexclude expenses from auxiliary enterprises (e.g., bookstores, dormitories), hospitals, and independent operations. Forinstitutions reporting in Full parent/child relationships, core expenses per FTE enrollment amounts will not be allocated to childinstitutions.

Calculated value

https://nces.ed.gov/ipeds/use-the-data

FTE enrollment 14,013

The full-time equivalent (FTE) enrollment used in this report is the sum of the institution’s FTE undergraduate enrollment andFTE 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: Pima Community College (105525) User ID: P1055251Edit Report

Finance

Pima Community College (105525)

Source Description Severity Resolved OptionsScreen: Statement of net position (1)

ScreenEntry

The value of this field is expected to be greater thanzero. Please correct your data or explain. (Error#5148)

Explanation Yes

Reason: Decreased pension-related liabilities, increased net position in total, specifically unrestricted net position.Screen: Revenues Part 3

ScreenEntry

The amount of additions to permanent endowmentsreported in Part B (line 22) should not be zero orblank. Please confirm that the data reported arecorrect. (Error #5231)

Confirmation Yes

RelatedScreens:

Revenues Part 3

Screen: PensionScreenEntry

The amount reported is outside the expected range ofbetween 4,761,589 and 9,889,453 when comparedwith the prior year value. Please correct your data orexplain. (Error #5301)

Explanation Yes

Reason: A decrease in pension expense and deferred outflows related to pensions were due to prior year contributions toretirement plans.

ScreenEntry

The amount reported is outside the expected range ofbetween 16,336,398 and 33,929,440 when comparedwith the prior year value. Please correct your data orexplain. (Error #5301)

Explanation Yes

Reason: A decrease in pension expense and deferred outflows related to pensions were due to prior year contributions toretirement plans.

Finance 2018-19 Institution: Pima Community College (105525)Finance 2018-19 Institution: Pima...

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