IntegratedPostsecondaryEducationDataSystem DiscussiononFASBandGASBandtheOldForm OldForm applieduntil1997 Somepublicsuseduntil2003 FASB changein1997 Privates FASBstandardapply Funds: Current Unrestricted,restrictedandauxiliary Plantfunds,loanfunds,endowment GASB changephasedin

between20022004 Publics GASBstandardsapply Funds: Current Unrestricted,restrictedandauxiliary Plantfunds,loanfunds,endowment

Funds: Current Unrestricted,restrictedandauxiliary

Revenue: Doesnotinclude: Revenuefromcontributions endowments Interestfromstudentloans,andcapital appropriations,studentfeestopay bondindebtedness Revenuefortuition,fees,andauxiliary enterprisesreportedatGrossamount

Doesinclude: Revenuefromcontributionsto endowments,Interestfromstudent loans,andcapitalappropriations,student feestopaybondindebtedness

Doesinclude: Revenuefromcontributionsto endowments,Interestfromstudent loans,andcapitalappropriations,student feestopaybondindebtedness

Revenuefortuition,fees,andauxiliary enterprisesreportednetofscholarshipsand fellowshipsusedtopaythesefeescalled Allowances AllowancesarereportedinScholarship sectionofthesurvey

Revenuefortuition,fees,andauxiliary enterprisesreportednetofscholarships andfellowshipsusedtopaythesefees, calledAllowances AllowancesarereportedinScholarship sectionofthesurvey Revenuesdividedintooperating, nonoperatingandotherrevenue

ScheduleofHospitalrevenuebysource Salesandservicesofeducational

NoscheduleofHospitalRevenuebysource

NoscheduleofHospitalRevenuebysource Salesandservicesofeducationalactivitiesis

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IntegratedPostsecondaryEducationDataSystem DiscussiononFASBandGASBandtheOldForm OldForm activitiesisaseparaterevenuecategory FASB GASB includedinothersourcesoperating

Interest,notreportedseparate Additionstopermanentendowment arenotreported

Interestisreportedseparate Additionstopermanentendowmentsare includedinprivategifts,grantsandcontracts orcontributionsfromaffiliatedentities dependingonthesource

Interestisreportedseparate Additionstopermanentendowmentsappear asarevenuesource

Expenditures: OperationandmaintenanceofPlant isadistinctfunctionalcategory

Allocatedoperationandmaintenanceof planttofunctions FASBwillshowhigherfunctionalexpense asaresultthanOldFormorGASB Depreciationexpenseisincluded

OperationandmaintenanceofPlantisa distinctfunctionalcategory

Expendituresforbuildingor constructionnotincluded Expendituresforequipment,vehicles andfurnitureappearintheyearthey werepurchased

Depreciationexpenseisincluded

Expendituresforequipment,vehicles andfurniturearecapitalizedaccordingto institutionpolicyanddepreciated,sothey donotappearasanexpenditureinthe yeartheywerepurchased Netgrantaidtotalscholarshipsandfellow shipsminustheamountusedtopaytuition andfeesandothercharges Included: Page2of9

Expendituresforequipment,vehicles andfurniturearecapitalizedaccordingto institutionpolicyanddepreciated,sothey donotappearasanexpenditureinthe yeartheywerepurchased Scholarshipandfellowshipexpensetotal scholarshipsandfellowshipsminustheamount usedtopaytuitionandfeesandothercharges Included:

Scholarshipsandfellowshipwere reportedasagrossamountofawards

Notincluded:

IntegratedPostsecondaryEducationDataSystem DiscussiononFASBandGASBandtheOldForm OldForm Interestpaymentsondebt transferstopayinterestandprinciple werereported FASB Interestpaymentsondebt transferstopayinterestandprinciple arenotreported GASB Interestpaymentsondebt transferstopayinterestandprinciple arenotreported

PartE:ScholarshipsandFellowships Displayedstudentscholarshipsand fellowshipsbysource

Displaysstudentscholarshipsand fellowshipsbysourcewithadditional details: Institutionalscholarships,fundedand unfunded Theamountofscholarshipsappliedtofees andtuitionisreported Theamountofscholarshipsappliedto auxiliaryenterpriserevenues(roomand board)isreported Mayvarydependingupontreatmentof Pellgrantscanchoosetotreataspass throughorasfederalrevenue

Displaysstudentscholarshipsand fellowshipsbysourcewithadditional details: Institutionalscholarships,fundedand unfunded Theamountofscholarshipsappliedtofees andtuitionisreported Theamountofscholarshipsappliedto auxiliaryenterpriserevenues(roomand board)isreported AlltreatPellasfederalrevenueandinclude indiscountsandallowancesornetgrantaid

Otherchanges: Endowmentinformationalways reported

Originallyexcludedendowmentinformation optionalreportingin2003,mandatory thereafter Costoffixedassetsanddepreciable valueisreported

Originallyexcludedendowmentinformation optionalreportingin2003,mandatory thereafter Costoffixedassetsanddepreciable valueisreported

Replacementvalueonfixedassets wasreported

DirectcrosswalkbetweentheoldformandthenewFASBandGASBformscannotbemade Comparisonsshouldfactorintheabovementioneditems,andbeusedwithdiscretion,especiallywhilecomparing duringphaseinyearsforGASB Page3of9

IntegratedPostsecondaryEducationDataSystem DefinitionofFunctioncategories PartAOperatingExpenses 01Instruction Academicinstruction,occupationalandvocationalinstruction,communityeducation,prepatory andadultbasiceducation,andremedialandtutorialinstruction. Expensesofthecolleges,schools,departments,andotherinstructionaldivisionsoftheinstitutions Expensesfordepartmentalresearchandpublicservicenotseparatelybudgeted Expensesforinformationtechnologyifseparatelybudgetedandexpensed,otherwise includetheminacademicsupport FASB,includeactualorallocatedcostsforoperationandmaintenanceofplant,interest,and depreciation GASBdoesnotincludeoperationandmaintenanceofplantorinterestbutmayincludedepreciation expense 02=Research Activitiesorganizedtoproduceresearchoutcomesandcommissionedbyanagencyeither externaltotheinstitutionorseparatelybudgetedbytheinstitution Includeinstitutesandresearchcenters,andindividualandprojectresearch Expensesforinformationtechnologyifseparatelybudgetedandexpensed,otherwise includetheminacademicsupport FASB,includeactualorallocatedcostsforoperationandmaintenanceofplant,interest,and depreciation GASBdoesnotincludeoperationandmaintenanceofplantorinterestbutmayincludedepreciation expense 03PublicService Activitiesestablishedprimarilytoprovidenoninstructonalservicesbeneficialtogroupsexternal totheinstitution.Examples:seminarsandprojectsprovidedtoparticularsectorsofthe community.Includeconferences,institues,generaladvisoryservices,reference bureausandsimilaractivities Includeexpendituresforcommunityservicesandcooperativeextensionservices. Includeexpensesforpublicbroadcasting Includeexpensesforinformationtechnologyifseparatelybudgetedandexpensed,otherwise

includetheminacademicsupport FASB,includeactualorallocatedcostsforoperationandmaintenanceofplant,interest,and depreciation GASBdoesnotincludeoperationandmaintenanceofplantorinterestbutmayincludedepreciation expense 05AcademicSupport Expensesforsupportservicesthatareanintegralpartoftheprimarymissionof:instruction, research,andpublicservice. Includemuseums,libraries,galleries,audio/visualservices,ancillarysupport,academic administration,personneldevelopment,andcourseandcurriculumdevelopment Includeacademicdeansbutnotchairpersons Includeveterinaryanddentalclinicsiftheirprimarypurposeistosupporttheinstitutionalprogram Ifinformationtechnologyresourcesexpensesarenotbudgetedandreportedseparately,then includetheamountrelatedtotheprimarymissionhere,andtheresttoinstitutionalsupport FASB,includeactualorallocatedcostsforoperationandmaintenanceofplant,interest,and depreciation GASBdoesnotincludeoperationandmaintenanceofplantorinterestbutmayincludedepreciation expense 06StudentServices Expensesforadmissions,registraractivities,andactivitieswhoseprimarypurposeistocontribute tostudents'emotionalandphysicalwellbeingandtotheirintellectual,cultural,andsocial developmentoutsidethecontextofformalinstructionalprograms. Examples:careerguidance,counseling,andfinancialaidadministration,studentactivities culturalevents,studentnewspapers,intramuralathletics,studentorganizations,supplementary instruction,andstudentrecords Includeintercollegiateathleticsandstudenthealthservices,exceptwhenoperatedasself supportingauxiliaryenterprises Includeinformationtechnologyifseparatelybudgetedandexpensed,otherwiseinclude themininstitutionalsupport FASB,includeactualorallocatedcostsforoperationandmaintenanceofplant,interest,and depreciation GASBdoesnotincludeoperationandmaintenanceofplantorinterestbutmayincludedepreciation

expense 07InstitutionalSupport Expensesforthedaytodayoperationoftheinstitution,excludingexpensesforphysicalplant operations Includegeneraladministrativeservices,executivedirectionandplanning,legalandfiscal operationsandpublicrelations/development,spacemanagement Includeemployeepersonnelandrecords,logisticalservicessuchaspurchasingandprinting Includeinformationtechnologyrelatedtoinstitutionalsupportactivities. Ifaninstitutiondoesnotseparatelybudgetandexpenseinformationtechnologyresources,the costsassociatedwithstudentservicesandoperationsandmaintenanceofplantwillalso beappliedtothisfunction FASB,includeactualorallocatedcostsforoperationandmaintenanceofplant,interest,and depreciation GASBdoesnotincludeoperationandmaintenanceofplantorinterestbutmayincludedepreciation expense 08Operation&maintenanceofplant Expensestoprovideserviceandmaintenancerelatedtogroundsandfacilitiesusedfor educationalandgeneralpurposes Include:expenseforutilities,fireprotection,propertyinsurance,andsimilaritems Thisdoesnotincludeamountschargedtoauxiliaryenterprises,hospitals,andindependent operations Includeinformationtechnologyifseparatelybudgetedandexpenses,otherwiseinclude themininstitutionalsupport Institutionsmaydistributedepreciationexpensetothisfunction FASBinstitutionsdonotusethisfunction,insteadtheseexpensesareallocatedorchargedto otherfunctions 09Depreciation Reportifdepreciationisreportedseparatelyinthegeneralpurposefinancialstatements Depreciationmaybedistributedtothevariousfunctionalclassificationsandshowninthe depreciationcolumnforeachfunction

Revise IPEDS Finance (IPEDS components affected: Finance) Note: Changes to the IPEDS Finance forms will be optional for two data collection years as possible.
(200809and200910andmandatoryinsubsequentyears.However,institutionsareencouragedtomakethechange tothenewformsassoonaspossible

(So, if your year end is Dec 31, 2008, it is mandatory for your IPEDS report 2010; 2009)
ifyouryearendis6/30/08or9/30/08itismandatoryforIPEDSspringcollection FASB Old PartA StatementofFinancialPosition 01Longterminvestiment 02Totalassets 1

New StatementofFinancialPosition 01Longterminvestment 02Totalassets Add: Property,plantandequip Accumulateddepreciation Intangibleassest,netamortization DebtrelatedtoPP&E 03Totalliabilities Changeto: Unrestrictednetassest addtemporarilyrestrictednetassests addpermanentlyrestrictednetassets

03Totalliabilities 2 04Totalunrestrictednetassets 05Totalrestrictednetasses 05aPermanentlyrestrictednetassets 06Totalnetassests PartAPP&Epage2 11Landandlandimprovements 12Buildings 13Equip,includeartandlibrarycollections 14Propundercapitalleases PartBSummaryofChangesinNetAssets 01Totalrevenueandinvestmentreturn 02Totalexpenses 03OtherspecificchangesinnetassestsCV

Add:ConstructioninProgress Other Accumulateddepreciation deletethisitemandclarifyinstructions

Addcaveatsbox

04Changesinnetassets 6 05Netassests,beginningofyear 06Adjust'stobeginningofyearnetassets 07Netassets,endofyear(fromA06) PartCStudentGrants 7 8 PartDRevenuesandInvestmentReturn singularcolumnformat ChangenamefromStudentGrantstoScholarshipsandFellowships PrepopulatenetassetsBeginningofYear

changeformatofpartDRevenuessotheyarereportedin3columns Unrestricted Temporarilyrestricted Permanentlyrestricted exceptsalesandservicesofauxiliaryenterprisesandhospitals willbereportedasunrestrictedrevenueonly

9 10 11 08Privategifts,grants,andcontracts

add:revenuelinenetassetsreleasedfromrestriction SeparatelinesforPrivategrantsandcontractsandPrivategifts addinstructionsclarifyingtreatmentofendowmentasstesof foundationsandaffiliatedentites,reportonPartH GASB Old PartA StatementofNetAssets

New StatementofNetAssets Capitalassests,netofdepreciation deletetheline

12

02Capitalassetsdepreciablegross 03Accumulateddepreciation PartAPP&E PartAPlant,Property,andEquipment reportedin4columns

13 13

CapitalAssets(changetitle) reportonlyendingbalance deletebeginning,additions,retirements combine24&25toether

24Equipment

25Artandlibrarycollections 26Propertyobtainedundercapitalleases deletethisitemandclarifyinstructions add:Othercapitalassets add:intangibleassets,netofamortization afterline28accumulateddepreciation 14 PartBRevenueandOtherAdditions 04Local/privateoperatinggrantsandcontracts changetotwolines: Localoperatinggrantsandcontracts Privateoperatinggrantsandcontracts addlineforsalesandservicesofeducational activities PartCExpensesandOtherDeductions 5columns ChangetoresembleFASBinstitutions: addcolumnforoperationaandmaintenanceof plantandinterest removefunctionalclassificationofdepreciation andallocatedepreciationtoappropriate functionalcategories O&Masafunctionwillbeusedtoallocate O&Mtonaturalclassses 17 PartsFandG,usedforreportingcomponent unitsusingFASBandGASB discontinued

15

16

18

addinstructionsclarifyingtreatment ofendowmentassetsoffoundations andaffiliatedentities,reportPartH FinanceForProfit nochangesatthistime