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Finance 2008-09
Institution: University of Arkansas Main Campus (106397)
User ID: P81063971

Finance - Public institutions
Reporting Standard
Please indicate which reporting standards are used to prepare your financial statements:
       GASB (Governmental Accounting Standard Board), using standards of GASB 34 & 35
  FASB (Financial Accounting Standard 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: University of Arkansas Main Campus (106397)
User ID: P81063971

Finance - Public institutions
Form Version
Finance - Public Institutions
The survey for GASB has been realigned to improve commonality and comparability of the finance data, however reporting in the new format is OPTIONAL for Fiscal Year 2007-08. Please indicate in which version you will report finance data:
       GASB, using standards of GASB 34 & 35
  Aligned GASB, using standards of GASB 34 & 35 (OPTIONAL in Fiscal Year 2007-08)
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: University of Arkansas Main Campus (106397)
User ID: P81063971

Finance - Public institutions
General Information
Finance - Public Institutions (unaligned form)
To the extent possible, the finance data requested in this report should be provided from your institution's audited General Purpose Financial Statement (GPFS). Please refer to the instructions specific to each page of the survey for detailed instruction 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, 2008.)
Beginning: month/year (MMYYYY) Month: Year:
And ending: month/year (MMYYYY) Month: Year:
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 Qualified Don't know               
3. 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. 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. Does this institution or any of its foundations or other affiliated organizations own endowment assets?
     Yes - (report endowment assets)               
  No
6.Component Units
Each discretely presented component unit should be reported in the same manner and amounts as included on the face of the institution's GPFS. There should be one Finance Survey component unit form (Part F or G) completed for each column on the face of the GPFS other than the institution itself, whether that column represents a single component unit or a combination of component units.
     Number of component unit columns on GPFS using FASB standards
  Number of component unit columns on GPFS using GASB standards
You may use the space below to provide context for the data you've reported above.
Institution: University of Arkansas Main Campus (106397)
User ID: P81063971

Part A - Statement of Net Assets
Fiscal Year 2008
  Report in whole dollars only
 
Line no.   Current year amount Prior year amount
  Current Assets    
01 Total Current Assets   133,750,258
 
  Noncurrent Assets    
02 Capital assets - depreciable (gross)   1,200,607,797
03 Accumulated depreciation (enter as a positive amount)   464,007,081
31 Capital assets Net of depreciation 799,337,084  
04 Other noncurrent assets (CV)
CV=[A05-(A02-A03)] 		121,148,083   131,344,228
05 Total noncurrent assets   867,944,944
 
06 Total assets (CV)
CV=(A01+A05) 		1,077,830,904   1,001,695,202
 
  Current Liabilities    
07 Long-term debt, current portion   12,339,739
08 Other current liabilities (CV)
CV=(A09-A07) 		61,300,390   61,512,851
09 Total current liabilities   73,852,590
 
  Noncurrent Liabilities    
10 Long-term debt   315,515,383
11 Other noncurrent liabilities (CV)
CV=(A12-A10) 		4,000   6,357
12 Total noncurrent liabilities   315,521,740
 
13 Total liabilities (CV)
CV=(A09+A12) 		442,462,741   389,374,330
 
  Net Assets    
14 Invested in capital assets, net of related debt   437,113,551
15 Restricted-expendable   80,801,524
16 Restricted-nonexpendable   16,975,376
17 Unrestricted (CV)
CV=[A18-(A14+A15+A16)] 		81,354,745   77,430,421
18 Total Net assets (CV)
CV=(A06-A13) 		635,368,163   612,320,872
 
 
CV= Calculated Value
 
You may use the space below to provide context for the data you've reported above.
 
Institution: University of Arkansas Main Campus (106397)
User ID: P81063971

Part A - Plant, Property, and Equipment
Fiscal Year 2008
  Report in whole dollars only
 
Line No. Description Beginning
balance		 Additions Retirements
(CV) 		Ending balance
  Plant, Property, and Equipment        
 
21 Land & land improvements 0
22 Infrastructure 0
23 Buildings 1,430,425
24 Equipment 6,642,656
25 Art and library collections 0
26 Property obtained under capital leases
(if not included in equipment)		 0
27 Construction in progress 133,173,301
28 Accumulated depreciation 6,321,190
 
  CV = (Beginning Balance + Additions - Ending Balance)    
 
You may use the space below to provide context for the data you've reported above.
 
Institution: University of Arkansas Main Campus (106397)
User ID: P81063971

Part B - Revenues and Other Additions
Fiscal Year 2008
  Report in whole dollars only    
 
Line No. Source of Funds Current year amount Prior year amount
  OperatingRevenues    
01 Tuition & fees, after deducting discounts & allowances 81,394,464
  Grants and contracts - operating    
02 Federal operating grants and contracts 50,589,410
03 State operating grants and contracts 12,665,997
04 Local/private operating grants and contracts 17,146,194
05 Sales & services of auxiliary enterprises,
after deducting discounts & allowances 		87,003,811
06 Sales & services of hospitals,
after deducting patient contractual allowances 		0
07 Independent operations 0
08 Other sources - operating (CV)
CV=[B09-(B01+ ....+B07)] 		36,753,672 30,175,112
09 Total operating revenues 278,974,988
 
 
Institution: University of Arkansas Main Campus (106397)
User ID: P81063971

Part B - Revenues and Other Additions
Fiscal Year 2008
  Report in whole dollars only
 
Line No. Source of funds Current year amount Prior year amount
  Nonoperating Revenues    
10 Federal appropriations 0
11 State appropriations 182,795,867
12 Local appropriations, education district taxes, & similar support 0
  Grants-nonoperating    
13 Federal nonoperating grants 15,765,376
14 State nonoperating grants 5,979,816
15 Local nonoperating grants 0
16 Gifts, including contributions from affiliated organizations 40,339,155
17 Investment income 18,320,867
18 Other nonoperating revenues (CV)
CV=[B19-(B10+...+B17)] 		4,699,411 3,251,577
19 Total nonoperating revenues 266,452,658
 
 
Institution: University of Arkansas Main Campus (106397)
User ID: P81063971

Part B - Revenues and Other Additions
Fiscal Year 2008
  Report in whole dollars only
 
Line No. Resource of funds Current year amount Prior year amount
  Other Revenues and Additions    
20 Capital appropriations 1,582,625
21 Capital grants & gifts 48,460,216
22 Additions to permanent endowments 0
23 Other revenues & additions (CV)
CV=[B24-(B20+...+B22)] 		1,619,901 0
24 Total other revenues and additions 50,042,841
 
25 Total all revenues and other additions (CV)
CV=(B09+B19+B24) 		609,804,381 595,470,487
 
CV = Calculated Value
 
You may use the space below to provide context for the data you've reported above.
 
Institution: University of Arkansas Main Campus (106397)
User ID: P81063971

Part C - Expenses and Other Deductions
Fiscal Year 2008
  Report in whole dollars only                              
    1 2 3 4 5
Line No. Description Current year total Salaries & wages Employee fringe benefits Depreciation All other                    
  Operating Expenses  
01 Instruction 16,865,070
02 Research 26,282,717
03 Public service 15,982,949
05 Academic support 10,437,204
06 Student services 6,172,914
07 Institutional support 8,119,867
08 Operation & maintenance
of plant 		20,101,284
09 Depreciation     61,515,376 0
10 Scholarships and fellowships
expenses, excluding discounts & allowances (do not include work study here) 		  17,914,425
11 Auxiliary enterprises 51,982,443
12 Hospital services 0
13 Independent operations 0
14 Other expenses
& deductions (CV)
CV=[C15-(C01+...+C13)] 		0 0 0 0 0
15 Total operating expenses 173,858,873
  Prior year amount 528,069,236 252,588,396 63,601,809 52,159,518 159,719,513
 
 
Institution: University of Arkansas Main Campus (106397)
User ID: P81063971

Part C - Expenses and Other Deductions
Fiscal Year 2008
  Report in whole dollars only                              
    1 2 3 4 5
Line No. Description Current year total Salaries & wages Employee fringe benefits Depreciation All other                    
  Nonoperating Expenses and Deductions          
16 Interest       11,267,082
17 Other nonoperating expenses & deductions (CV)
CV=(C18-C16) 		1,368,485 0 0 0 1,368,485
18 Total nonoperating
expenses & deductions (CV)
CV=(C19-C15) 		12,635,567 0 0 0 12,635,567
 
19 Total expenses & deductions 186,494,440
  Prior year amount 538,384,622 252,588,396 63,601,809 52,159,518 170,034,899
 
CV = Calculated Value
 
You may use the space below to provide context for the data you've reported above.
 
Institution: University of Arkansas Main Campus (106397)
User ID: P81063971

Part D - Summary of Changes In Net Assets
Fiscal Year 2008
 
Line No. Description Current year amount Prior year amount
01 Total revenues & other additions (from B25) 609,804,381 595,470,487
 
02 Total expenses & deductions (from C19) 586,757,090 538,384,622
 
03 Change in net assets during year (CV)
CV=(D01-D02) 		23,047,291 57,085,865
04 Net assets beginning of year 555,235,007
05 Adjustments to beginning net assets (CV)
CV=[D06-(D03+D04)] 		0 0
06 Net assets end of year (from A18) 635,368,163 612,320,872
 
CV = Calculated Value
 
You may use the space below to provide context for the data you've reported above.
 
Institution: University of Arkansas Main Campus (106397)
User ID: P81063971

Part E - Scholarships and Fellowships
Part E - Scholarships and Fellowships
Fiscal Year 2008
  Report in whole dollars only    
 
Line No. Source Current year amount Prior year amount
  Institutional Expenses and Discounts & Allowances    
  Gross Scholarships and Fellowships (no loans included)    
01 Pell grants (federal) 7,827,431
02 Other federal grants 1,882,230
03 Grants by state government 5,139,078
04 Grants by local government 0
05 Institutional grants from restricted resources 15,427,893
06 Institutional grants from unrestricted resources (CV)
CV=[E07-(E01+...+E05)] 		18,856,358 17,019,632
07 Total gross scholarships and fellowships 47,296,264
 
  Discounts and Allowances    
08 Discounts & allowances applied to tuition & fees 27,551,790
09 Discounts & allowances applied to sales & services of
auxiliary enterprises (CV)
CV= (E10-E08) 		4,932,678 3,851,341
10 Total Discounts & Allowances (CV)
CV=(E07-E11) 		36,225,091 31,403,131
 
11 Net scholarships and fellowships expenses after deducting
discount & allowances (from C10) 		17,914,425 15,893,133
 
CV = Calculated Value
 
You may use the space below to provide context for the data you've reported above.
 
Institution: University of Arkansas Main Campus (106397)
User ID: P81063971

Part F - Component Unit That Uses FASB Standards
Part F - GASB Component Unit that uses FASB Standards
Fiscal Year 2008
   
 
Names of entities included:
Primary nature (purpose) of unit(s)
 
  Report in whole dollars only
 
Line No.     Current year amount
Statement of Financial Position
 
01 Long-term investments  
02 Other assets (CV)
CV=(F03-F01) 		  0
03 Total Assets  
 
04 Total liabilities (CV)
CV=(F03-F08) 		  0
 
  Net Assets    
05 Temporarily restricted  
06 Permanently restricted  
07 Unrestricted (CV)
CV=[F08-(F05+F06)] 		  0
08 Total net assets  
 
 
Institution: University of Arkansas Main Campus (106397)
User ID: P81063971

Part F - Component Unit That Uses FASB Standards
Part F - GASB Component Unit that uses FASB Standards
Fiscal Year 2008
 
  Report in whole dollars only
 
Line No.     Current year amount
Statement of Activities
 
09 Investment return  
10 Other revenues, gains, & other support (CV)
CV=(F11-F09) 		  0
11 Total revenues, gains, & other support  
 
12 Total expenses  
  12a Expenses paid to institution (included in F12)  
13 Total losses(CV)
CV=(F14-F12) 		  0
14 Total expenses and losses (CV)
CV=(F11-F15) 		  15,160,408
 
15 Change in net assets  
 
16 Net assets -- beginning of year  
17 Adjustments to beginning net assets (CV)
CV=[F18-(F15+F16)] 		  0
18 Net assets -- end of year (from F08)   486,853,433
 
 
CV = Calculated value    
 
You may use the space below to provide context for the data you've reported above.
 
Institution: University of Arkansas Main Campus (106397)
User ID: P81063971

Part F - Component Unit That Uses FASB Standards
Part F - GASB Component Unit that uses FASB Standards
Fiscal Year 2008
   
 
Names of entities included:
Primary nature (purpose) of unit(s)
 
  Report in whole dollars only
 
Line No.     Current year amount
Statement of Financial Position
 
01 Long-term investments  
02 Other assets (CV)
CV=(F03-F01) 		  6,692,972
03 Total Assets  
 
04 Total liabilities (CV)
CV=(F03-F08) 		  5,453,114
 
  Net Assets    
05 Temporarily restricted  
06 Permanently restricted  
07 Unrestricted (CV)
CV=[F08-(F05+F06)] 		  8,859,038
08 Total net assets  
 
 
Institution: University of Arkansas Main Campus (106397)
User ID: P81063971

Part F - Component Unit That Uses FASB Standards
Part F - GASB Component Unit that uses FASB Standards
Fiscal Year 2008
 
  Report in whole dollars only
 
Line No.     Current year amount
Statement of Activities
 
09 Investment return  
10 Other revenues, gains, & other support (CV)
CV=(F11-F09) 		  11,581,730
11 Total revenues, gains, & other support  
 
12 Total expenses  
  12a Expenses paid to institution (included in F12)  
13 Total losses (CV)
CV=(F14-F12) 		  253,263
14 Total expenses and losses (CV)
CV=(F11-F15) 		  15,814,752
 
15 Change in net assets  
 
16 Net assets -- beginning of year  
17 Adjustments to beginning net assets (CV)
CV=[F18-(F15+F16)] 		  0
18 Net assets -- end of year (from F08)   9,829,403
 
 
CV = Calculated value    
 
You may use the space below to provide context for the data you've reported above.
 
Institution: University of Arkansas Main Campus (106397)
User ID: P81063971

Part F - Component Unit That Uses FASB Standards
Part F - GASB Component Unit that uses FASB Standards
Fiscal Year 2008
   
 
Names of entities included:
Primary nature (purpose) of unit(s)
 
  Report in whole dollars only
 
Line No.     Current year amount
Statement of Financial Position
 
01 Long-term investments  
02 Other assets (CV)
CV=(F03-F01) 		  8,781,780
03 Total Assets  
 
04 Total liabilities (CV)
CV=(F03-F08) 		  306,496
 
  Net Assets    
05 Temporarily restricted  
06 Permanently restricted  
07 Unrestricted (CV)
CV=[F08-(F05+F06)] 		  6,981,058
08 Total net assets  
 
 
Institution: University of Arkansas Main Campus (106397)
User ID: P81063971

Part F - Component Unit That Uses FASB Standards
Part F - GASB Component Unit that uses FASB Standards
Fiscal Year 2008
 
  Report in whole dollars only
 
Line No.     Current year amount
Statement of Activities
 
09 Investment return  
10 Other revenues, gains, & other support (CV)
CV=(F11-F09) 		  1,966,774
11 Total revenues, gains, & other support  
 
12 Total expenses  
  12a Expenses paid to institution (included in F12)  
13 Total losses (CV)
CV=(F14-F12) 		  0
14 Total expenses and losses (CV)
CV=(F11-F15) 		  2,254,504
 
15 Change in net assets  
 
16 Net assets-beginning of year  
17 Adjustments to beginning net assets (CV)
CV=[F18-(F15+F16)] 		  0
18 Net assets-end of year (from F08)   9,463,116
 
 
CV = Calculated value    
 
You may use the space below to provide context for the data you've reported above.
 
Institution: University of Arkansas Main Campus (106397)
User ID: P81063971

Part H - Details of Endowment Assets
Fiscal Year 2008
Report in whole dollars only
Line No. Value of Endowment Assets Market Value Prior Year 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     763,069,000
02 Value of endowment assets at the end of the fiscal year     876,839,000
Institution: University of Arkansas Main Campus (106397)
User ID: P81063971

Part J - Revenue Data for Bureau of Census
Part J - Revenues (Census Bureau)
Fiscal Year 2008
Source and type Amount
Total for all funds
and operations
(includes
endowment funds,
but excludes component units)		 Education and general/independent operations Auxiliary enterprises Hospitals Agriculture extension/experiment services
  (1)   (2) (3) (4) (5)
01 Tuition and fees 117,979,624 117,979,624      
02 Sales and services 97,467,499 97,467,499
03 Federal grants/contracts (excludes Pell Grants) 50,031,179
  Revenue from the state government:
04 State appropriations, current & capital 207,150,229
05 State grants and contracts 25,113,647
  Revenue from local governments:
06 Local appropriation, current & capital 2,847,184
07 Local government grants/contracts 0
08 Receipts from property and non-property taxes  
09 Gifts and private grants, including capital grants  
10 Interest earnings  
11 Dividend earnings  
12 Realized capital gains  
 
You may use the space below to provide context for the data you've reported above.
 
Institution: University of Arkansas Main Campus (106397)
User ID: P81063971

Part K - Expenditure Data for Bureau of Census
Part K - Expenditures
Fiscal Year 2008
Category Amount
Total for all funds and operations (includes endowment funds, but excludes component units) Education and general/
independent operations		 Auxiliary enterprises Hospitals Agriculture extension/
experiment services
  (1) (2) (3) (4) (5)
01 Salaries and wages 267,487,373 27,925,950
02 Employee benefits, total 71,259,901 6,900,042
03 Payment to state retirement funds (maybe included in line 02 above) 392,436
04 Current expenditures other than salaries 155,944,448
  Capital outlay:  
05 Construction 86,556,258
06 Equipment purchases 14,296,758
07 Land purchases 4,977,696
08 Interest on debt outstanding, all funds & activities  
09 Scholarships/fellowships 54,139,516 54,139,516  
 
You may use the space below to provide context for the data you've reported above.
 
Institution: University of Arkansas Main Campus (106397)
User ID: P81063971

Part L - Debt and Assets, page 1
Part L - Debt and Assets
Fiscal Year 2008
Debt
Category Amount
01 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
 
You may use the space below to provide context for the data you've reported above.
 
Institution: University of Arkansas Main Campus (106397)
User ID: P81063971

Part L - Debt and Assets, page 2
Part L - Debt and Assets (page 2)
Fiscal Year 2008
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
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.
 
Institution:  University of Arkansas Main Campus (106397) User ID:  P81063971
Explanation Report
Number Source Location Description Severity Accepted
Screen: Form 1 Part 1
1 Row 16
Column 4		 Screen Entry This number should be greater than zero. Please explain. Explanation Yes
Reason: No liabilities existed at year end.
Screen: Form 1 Part 2
2 Row 28
Column 4		 Screen Entry This number should be greater than zero. Please explain. Explanation Yes
Reason: Net unrealized and realized gains on investments is being reported as a negative due to poor market performance for investments.