finance 2018-19 institution: cuny borough of manhattan ... · institution: cuny borough of...

Finance 2018-19Institution: CUNY Borough of Manhattan Community College (190521)User ID: 36C0029

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://192.168.102.153/ipeds/PriorYearDataRedirect.aspx?survey_id=5

Institution: CUNY Borough of Manhattan Community College (190521)User ID: 36C0029

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 1Most recent fiscal year ending before October 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 74,280,073 73,379,889

31 Depreciable capital assets, net of depreciation 191,770,342 201,488,40604 Other noncurrent assets

CV=[A05-A31] 88,946,197 78,857,918

05 Total noncurrent assets 280,716,539 280,346,324

06 Total assetsCV=(A01+A05)

354,996,612 353,726,213

19 Deferred outflows of resources 5,823,957 5,011,292 Liabilities

07 Long-term debt, current portion 5,389,955 7,599,01508 Other current liabilities

CV=(A09-A07) 53,211,547 45,976,203

09 Total current liabilities 58,601,502 53,575,218

10 Long-term debt 192,801,821 172,834,39511 Other noncurrent liabilities

CV=(A12-A10) 8,409,585 7,881,649

12 Total noncurrent liabilities 201,211,406 180,716,044

13 Total liabilitiesCV=(A09+A12)

259,812,908 234,291,262

20 Deferred inflows of resources 0 0 Net Position

14 Invested in capital assets, net of related debt 103,933,582 120,621,09115 Restricted-expendable -6,504,342 -7,113,42716 Restricted-nonexpendable 0 017 Unrestricted

CV=[A18-(A14+A15+A16)] 3,578,421 10,938,579

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

101,007,661 124,446,243

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


Part A - Statement of Net Position Page 2Most recent fiscal year ending before October 2018

Line No. Description Ending balance Prior year

Ending balance Capital Assets

21 Land and land improvements 44,542,996 44,542,99622 Infrastructure 2,885,500 2,885,50023 Buildings 323,287,840 323,287,84032 Equipment, including art and library collections 42,155,300 40,293,59627 Construction in progress 43,616,840 33,634,246

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

456,488,476 444,644,178

28 Accumulated depreciation 176,917,607 165,337,83833 Intangible assets, net of accumulated amortization 261,312 261,31234 Other capital assets 0 0



Part D - Summary of Changes In Net PositionMost recent fiscal year ending before October 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 this institutionAND all of its child institutions

319,227,173 335,360,172

02 Total expenses and deductions for this institution

AND all of its child institutions 342,665,757 317,557,920

03 Change in net position during year

CV=(D01-D02) -23,438,584 17,802,252

04 Net position beginning of year for this institution ANDall of its child institutions

124,446,243 106,643,991

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

2 0

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

101,007,661 124,446,243

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.***

(1) Non-applicable. The institution’s net position was not impacted by GASB Statement 74/75.


Part E - Scholarships and FellowshipsMost recent fiscal year ending before October 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) 83,174,315 77,899,85802 Other federal grants (Do NOT include FDSL amounts) 1,503,388 1,399,02803 Grants by state government 32,870,790 33,308,23804 Grants by local government 1,435,376 2,065,58505 Institutional grants from restricted resources 1,673,937 2,210,59206 Institutional grants from unrestricted resources

CV=[E07-(E01+...+E05)] 9,065,259 11,230,515

07 Total revenue that funds scholarships and fellowships 129,723,065 128,113,816 Discounts and Allowances

08 Discounts and allowances applied to tuition and fees 90,300,013 87,692,19809 Discounts and allowances applied to sales and services of

auxiliary enterprises 0 0

10 Total discounts and allowancesCV=(E08+E09)

90,300,013 87,692,198

11 Net scholarships and fellowships expenses after deducting

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

39,423,052 40,421,618



Part B - Revenues by Source (1)Most recent fiscal year ending before October 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 35,491,044 39,609,381 Grants and contracts - operating

02 Federal operating grants and contracts 6,129,465 5,444,11203 State operating grants and contracts 42,312,519 43,687,01104 Local government/private operating grants and contracts 4,607,371 4,862,046

04a Local government operating grants and contracts 991,597 1,120,546 04b Private operating grants and contracts 3,615,774 3,741,500

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

0 0

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

CV=[B09-(B01+ ....+B26)] 1,569,708 967,496

09 Total operating revenues 90,110,107 94,570,046



LineNo.

Source of funds Current yearamount

Prior yearamount

Nonoperating Revenues 10 Federal appropriations 0 011 State appropriations 73,578,313 70,588,78212 Local appropriations, education district taxes, and similar support 54,411,547 45,360,148

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

Loans 83,174,315 77,899,858

14 State nonoperating grants 0 015 Local government nonoperating grants 0 016 Gifts, including contributions from affiliated organizations 0 017 Investment income 2,005 2,31018 Other nonoperating revenues

CV=[B19-(B10+...+B17)] 2,441,494 20,735,988

19 Total nonoperating revenues 213,607,674 214,587,08627 Total operating and nonoperating revenues

CV=[B19+B09] 303,717,781 309,157,132

28 12-month Student FTE from E12 18,341 21,04429 Total operating and nonoperating revenues per student FTE

CV=[B27/B28] 16,559 14,691



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

Other Revenues and Additions 20 Capital appropriations 15,509,392 26,203,04021 Capital grants and gifts 0 022 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)]

15,509,392 26,203,040

25 Total all revenues and other additions 319,227,173 335,360,172



Part C-1 - Expenses by Functional ClassificationMost recent fiscal year ending before October 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 178,546,624 164,327,107 105,954,342 99,298,74502 Research 1,024,636 2,066,380 471,706 1,076,320

03 Public service 2,333,497 1,508,715 1,109,599 1,152,939

05 Academic support 21,821,474 20,525,831 7,888,980 6,813,73106 Student services 31,992,834 33,076,299 16,169,311 17,382,63507 Institutional support 42,443,593 42,395,695 24,618,568 24,353,87910 Scholarships and fellowships expenses,

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

39,423,052 40,421,618

11 Auxiliary enterprises 2,255,206 2,373,146 472,513 531,86814 Other Functional Expenses and deductions

CV=[C19-(C01+...+C11)] 22,824,841 10,863,129 0 0

19 Total expenses and deductions 342,665,757 317,557,920 156,685,019 150,610,117


Part C-2 - Expenses by Natural ClassificationMost recent fiscal year ending before October 2018

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

19-2 Salaries and Wages(from Part C-1,Column 2 line 19) 156,685,019 150,610,11719-3 Benefits 63,551,484 60,421,78919-4 Operation and Maintenance of Plant (as a natural expense) 40,039,732 39,055,53819-5 Depreciation 12,682,185 13,670,04519-6 Interest 5,983,239 6,347,01919-7 Other Natural Expenses and Deductions

CV=[C19-1 - (C19-2 + ... + C19-6)] 63,724,098 47,453,412

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

342,665,757 317,557,920

20-1 12-month Student FTE (from E12 survey) 18,341 21,04421-1 Total expenses and deductions per student FTE

CV=[C19-1/C20-1] 18,683 15,090



Part H - Details of Endowment AssetsMost recent fiscal year ending before October 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 6,305,253 5,721,00602 Value of endowment assets at the end of the fiscal year 7,035,010 6,305,253



Part J - Revenue Data for the Census BureauMost recent fiscal year ending before October 2018

Source and type AmountTotal for all fundsand operations

(includesendowment

funds,but excludes

component units)

Education andgeneral/independent

operations

Auxiliaryenterprises

Hospitals Agricultureextension/experiment

services

(1) (2) (3) (4) (5)01Tuition and fees 125,791,057 125,791,057 02Sales and services 0 0 0 003Federal

grants/contracts(excludes Pell Grants)

6,129,465 6,129,465 0 0 0

Revenue from the state government:04State appropriations,

current & capital 89,087,705 89,087,705 0 0 0

05State grants andcontracts

42,312,519 42,312,519 0 0 0

Revenue from local governments:06Local appropriation,

current & capital 54,411,547 54,411,547 0 0 0

07Local governmentgrants/contracts

991,597 991,597 0 0 0

08Receipts from propertyand non-propertytaxes

0

09Gifts and privategrants,NOT including capitalgrants

3,615,774

10Interest earnings 2,005 11Dividend earnings 0 12Realized capital gains 19,946 You may use the space below to provide context for the data you've reported above.


Part K - Expenditure Data for the Census BureauMost recent fiscal year ending before October 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 63,551,484 63,551,484 0 0 003Payment to state retirement funds

(may be included in line 02 above) 0 0 0 0 0

04Current expenditures includingsalaries

244,537,549 244,537,549 0 0 0

Capital outlays 05Construction 7,979,558 7,979,558 0 0 006Equipment purchases 3,129,128 3,129,128 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 1Most recent fiscal year ending before October 2018

DebtCategory Amount01 Long-term debt outstanding at beginning of fiscal year 02 Long-term debt issued during fiscal year 03 Long-term debt retired during fiscal year 04 Long-term debt outstanding at end of fiscal year 05 Short-term debt outstanding at beginning of fiscal year 06 Short-term debt outstanding at end of fiscal year



Part L - Debt and Assets for Census Bureau, page 2Most recent fiscal year ending before October 2018

AssetsCategory Amount07 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 09 Total cash and security assets held at end of fiscal year in all other funds 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: Adriana Lau Email: [email protected] How many staff from your institution only were involved in the data collection and reporting process of thissurvey component? 2.00Number 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 6.00hours 6.00hours 6.00hours 6.00hours Other offices 1.00hours 1.00hours 1.00hours 1.00hours

Institution: CUNY Borough of Manhattan Community College (190521) User ID: 36C0029Summary

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 $35,491,044 11% $1,935

State appropriations $73,578,313 23% $4,012

Local appropriations $54,411,547 17% $2,967

Government grants and contracts $132,607,896 42% $7,230

Private gifts, grants, and contracts $3,615,774 1% $197

Investment income $2,005 0% $0

Other core revenues $19,520,594 6% $1,064

Total core revenues $319,227,173 100% $17,405

Total revenues $319,227,173 $17,405

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 $178,546,624 52% $9,735

Research $1,024,636 0% $56

Public service $2,333,497 1% $127

Academic support $21,821,474 6% $1,190

Institutional support $42,443,593 12% $2,314

Student services $31,992,834 9% $1,744

Other core expenses $62,247,893 18% $3,394

Total core expenses $340,410,551 100% $18,560

Total expenses $342,665,757 $18,683

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 18,341

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: CUNY Borough of Manhattan Community College (190521) User ID: 36C0029Edit Report

Finance

CUNY Borough of Manhattan Community College (190521)

Source Description Severity Resolved OptionsGlobal EditsPerform

EditsYou reported expenses for auxiliary enterprises in Part C (line11) but did not report corresponding revenues in Part B (line05). Please correct your data or explain. (Error #5414)

Explanation Yes

Reason: The auxiliary expenses are determined by the square footage usage by total University. Although there may not bereported revenues because CUNY has a lot of separate incorporate entities these are legitimate expenses of theUniversity based on the square footage used.

RelatedScreens:

Expenses Part 1

Screen: Changes to Net PositionScreenEntry

The calculated amount of change in net position during the yearin Part D (line 03) is expected to be greater than zero. Pleaseconfirm that the data reported are correct. (Error #5202)

Confirmation Yes

Screen: Revenues Part 3Upload

FileThe amount of additions to permanent endowments reported inPart B (line 22) should not be zero or blank. Please confirm thatthe data reported are correct. (Error #5231)

Confirmation Yes

RelatedScreens:

Revenues Part 3

Screen: Expenses Part 1Upload

FileThe amount reported is outside the expected range of between1,033,190 and 3,099,570 when compared with the prior yearvalue. Please correct your data or explain. (Error #5301)

Explanation Yes

Reason: Data is correct - the increase is from research grantsUpload

FileThe amount reported is outside the expected range of between754,358 and 2,263,072 when compared with the prior yearvalue. Please correct your data or explain. (Error #5301)

Explanation Yes

Reason: Data is correct - the increase in public services activities for the year

finance 2018-19 institution: cuny borough of manhattan ... · institution: cuny borough of...

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