Financial Statements with Supplemental Schedules Fiscal Year Ended June 30, 2011

Financial Statements
with Supplemental Schedules
Fiscal Year Ended June 30, 2011
Financial Statements
with Supplemental Schedules
Fiscal Year Ended June 30, 2011
Prepared by:
University of Alaska
Statewide Fund Accounting
910 Yukon Drive, Suite 209
PO Box 756540
Fairbanks, AK 99775-6540
(907) 450-8063
Issued March 2012
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University of Alaska
Financial Statements with Supplemental Schedules
Table of Contents
June 30, 2011
SCHEDULE
Explanation of Differences Between Fund and GASB 35 Statements
1-2
FINANCIAL STATEMENTS
Management’s Discussion and Analysis
University of Alaska Statements of Net Assets
University of Alaska Foundation Statements of Financial Position
University of Alaska Statements of Revenues, Expenses, and Changes in
Net Assets
University of Alaska Foundation Statements of Activities
University of Alaska Statements of Cash Flows
Notes to Financial Statements
SUPPLEMENTAL SCHEDULES
GASB 35 Statements
Statement of Net Assets by Major Administrative Unit
Statement of Revenues, Expenses and Changes in Net Assets by Major
Administrative Unit
Fund Statements
Balance Sheet
Statement of Changes in Fund Balance
UNRESTRICTED CURRENT FUNDS
Balance Sheet by Major Administrative Unit
Balance Sheet, Statewide Programs and Services
Balance Sheet, University of Alaska Fairbanks
Balance Sheet, University of Alaska Anchorage
Balance Sheet, University of Alaska Southeast
Balance Sheet, Prince William Sound
Statement of Changes in Fund Balances, by Major Administrative Unit,
Providing Revenue and Expenditure Detail
Statement of Changes in Fund Balances, University of Alaska
Fairbanks, Providing Revenue and Expenditure Detail
Statement of Changes in Fund Balances, University of Alaska
Fairbanks, College of Rural Alaska, Providing Revenue and
Expenditure Detail
Statement of Changes in Fund Balances, University of Alaska
Fairbanks, Rural College, Providing Revenue and Expenditure
Detail
Statement of Changes in Fund Balances, University of Alaska
Anchorage, Providing Revenue and Expenditure Detail
Statement of Changes in Fund Balances, University of Alaska
Southeast, Providing Revenue and Expenditure Detail
Statement of Changes in Fund Balances, Fairbanks Research
Schedule of Revenues and Other Additions, Fairbanks Research
Schedule of Expenditures and Other Deductions, Fairbanks Research
Analysis of Revenue - Other Sources
i
PAGE
3-12
13
15
17
18-19
20-21
22-43
0.1
47
0.2
48-49
0.3
0.4
50-51
52-53
1.0
1.1
1.2
1.3
1.4
1.5
54
55
56
57
58
59
2.0
60-61
2.1
62-63
2.11
64
2.111
65
2.2
66-67
2.3
2.4
2.41
2.42
2.5
68-69
70
71
72
73
Table of Contents (continued)
SCHEDULE
PAGE
3.0
74-75
3.1
76
3.2
77
3.3
78
4.0
4.1
79
80
4.11
4.111
4.2
4.3
81
82
83
84
Statement of Changes in Fund Balances by Major Administrative Unit
Statement of Changes in Fund Balances, University of Alaska
Fairbanks
Statement of Changes in Fund Balances, University of Alaska
Fairbanks, College of Rural Alaska
Statement of Changes in Fund Balances, University of Alaska
Fairbanks, Rural College
Statement of Changes in Fund Balances, University of Alaska
Anchorage
Statement of Changes in Fund Balances, University of Alaska
Southeast
5.0
85
5.1
86
5.11
87
5.111
88
5.2
89
5.3
90
Facilities & Administrative Cost Charges
Facilities & Administrative Cost Charges by Major Administrative Unit
6.0
6.1
91
92-97
7.0
7.1
8.0
8.1
98
99
100
101
UNRESTRICTED CURRENT FUNDS (continued)
Statement of Changes in Fund Balances by Major Administrative Unit
Statement of Changes in Fund Balances, University of Alaska
Fairbanks, Providing Auxiliary Detail
Statement of Changes in Fund Balances, University of Alaska
Anchorage, Providing Auxiliary Detail
Statement of Changes in Fund Balances, University of Alaska
Southeast, Providing Auxiliary Detail
RESTRICTED CURRENT FUNDS
Balance Sheet by Major Administrative Unit
Balance Sheet, University of Alaska Fairbanks
Balance Sheet, University of Alaska Fairbanks, College of Rural
Alaska
Balance Sheet, University of Alaska Fairbanks, Rural College
Balance Sheet, University of Alaska Anchorage
Balance Sheet, University of Alaska Southeast
STUDENT LOAN FUNDS
Balance Sheet by Major Administrative Unit
Balance Sheet by Fund
Statement of Changes in Fund Balances by Major Administrative Unit
Statement of Changes in Fund Balances by Fund
ENDOWMENT AND SIMILAR FUNDS - PRINCIPAL AND UNEXPENDED INCOME
Balance Sheet by Major Administrative Unit
9.0
Statement of Changes in Fund Balances by Major Administrative Unit
10.0
Statement of Changes in Fund Balances by Fund
10.1
EDUCATION TRUST OF ALASKA
Balance Sheet
Statement of Changes in Fund Balance
11.0
12.0
ii
102
103
104-106
107
108
Table of Contents (continued)
PLANT FUNDS
Combined Balance Sheet
Schedule of Cash and Investments by Project
Schedule of Cash and Investments by Type
Unexpended Plant Funds
Balance Sheet
Statement of Changes in Fund Balance
Statement of Changes in Fund Balances by Funding Source
Retirement of Indebtedness Fund
Balance Sheet by Major Administrative Unit
Statement of Changes in Fund Balances by Major Administrative
Unit
Statement of Changes in Fund Balances, University of Alaska
Fairbanks
Statement of Changes in Fund Balances, University of Alaska
Anchorage
Statement of Changes in Fund Balances, University of Alaska
Southeast
Renewals and Replacements Funds
Balance Sheet
Statement of Changes in Fund Balances by Major Administrative
Unit
Investment in Plant Funds
Balance Sheet by Major Administrative Unit
Balance Sheet, University of Alaska Fairbanks
Balance Sheet, University of Alaska Anchorage
Balance Sheet, University of Alaska Southeast
Schedule of Changes in Investment in Plant
Schedule of Changes in Construction Work in Progress
Schedule of Changes in Accumulated Depreciation
Schedule of Long-term Debt
iii
SCHEDULE
PAGE
13.0
13.1
13.2
109
110
111
14.0
15.0
15.1
112
113
114-123
16.0
124
17.0
125
17.1
126
17.2
127
17.3
128
18.0
129
19.0
130
20.0
20.1
20.2
20.3
131
132
133
134
21.0
21.1
22.0
23.0
135-139
140-144
145-147
148
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University of Alaska
Explanation of Differences Between
Fund and GASB 35 Statements
June 30, 2011
Introduction
In Fiscal Year 2002 the University implemented Governmental Accounting Standards
Board (GASB) Statement No. 35, which primarily changed the presentation of its
externally audited financial statements to a business-type format. The supplemental
schedules in this publication show financial data reported in a fund group format.
However, a summary Statement of Net Assets and Statement of Revenues, Expenses and
Changes in Net Assets are presented on a GASB 35 basis, by Major Administrative Unit
(MAU) on pages 51 - 53. This section provides a narrative explanation of the major
differences between the fund group presentation and the “GASB 35” presentation.
Additional explanation of the GASB 35 format can be found in the audited financial
statements, especially the Management’s Discussion and Analysis and the Notes to the
Financial Statements.
Balance Sheet vs. Statement of Net Assets
The fund group presentation uses the title of Balance Sheet, representing that total assets
equals total liabilities plus total fund balances. The GASB 35 presentation uses the title
of Statement of Net Assets, and arrives at a total net asset number by subtracting total
liabilities from total assets. In either statement, fund balance, or net assets, represents the
book equity of the university.
The GASB 35 statements show additional line items not reported on the fund statements.
These additional lines disaggregate certain groups of accounts in order to show assets or
liabilities in order of liquidity and to add further description. For example, Cash and
Investments as reported on the fund statements are reported on the GASB 35 statements
in the following line items: Cash and cash equivalents, Short-term investments,
Restricted cash and cash equivalents, and Long-term investments. However, there is no
difference in total assets between the fund and GASB 35 statements.
Statement of Changes in Fund Balances vs. Statement of Revenues, Expenses and
Changes in Net Assets
There is a significant difference in the purpose and basis of preparation between the
Statement of Changes in Fund Balances and the Statement of Revenues, Expenses and
Changes in Net Assets (SRECNA). The fund statement shows activity by fund group and
indicates the growth or decline in fund balances. As such, the statement supports a
measurement of resource accountability by similar fund types and has an internal focus.
The SRECNA is designed to measure performance of the university as though it were a
business, by grouping revenues and expenses according to an operating or non-operating
classification.
1
Significant differences between the Statement of Changes in Fund Balances and the
SRECNA include:
The SRECNA reports depreciation expense, whereas the Statement of Changes in
Fund Balances reports charges for capital expenditures (e.g. equipment) in the
various fund groups, but primarily the unrestricted fund. Therefore, expenses
listed on the SRECNA do not include payments made for capitalized equipment.
Such payments are recorded on the Statement of Net Assets as capital assets.
The SCRECNA reports Student Tuition and Fees and some auxiliary revenues net
of a tuition allowance. The amount of the allowance is a reclassification from the
Student Aid line item.
In accordance with GASB 35 guidance, the SRECNA reports state appropriations
as a nonoperating revenue.
Expenditures incurred in the unexpended plant group that were not capitalized are
reported in an appropriate functional line item on the SRECNA.
For further information, contact Statewide Fund Accounting at (907) 450-8063.
2
MANAGEMENT’S DISCUSSION AND ANALYSIS
(Unaudited – see accompanying accountants’ report)
Introduction
The following discussion and analysis provides an overview of the financial position and activities
of the University of Alaska (university) for the years ended June 30, 2011 (2011) and June 30,
2010 (2010), with selected comparative information for the year ended June 30, 2009 (2009). This
discussion has been prepared by management and should be read in conjunction with the financial
statements including the notes thereto, which follow this section.
Using the Financial Statements
The university’s financial report includes the basic financial statements of the university and the
financial statements of the University of Alaska Foundation (foundation), a legally separate,
nonprofit component unit. The three basic financial statements of the university are: the Statement
of Net Assets, the Statement of Revenues, Expenses and Changes in Net Assets and the Statement
of Cash Flows. These statements are prepared in accordance with generally accepted accounting
principles and Governmental Accounting Standards Board (GASB) pronouncements. The
university is presented as a business-type activity. GASB Statement No. 35, Basic Financial
Statements—and Management’s Discussion and Analysis—for Public Colleges and Universities,
establishes standards for external financial reporting for public colleges and universities and
classifies resources into three net asset categories – unrestricted, restricted, and invested in capital
assets, net of related debt.
The foundation is presented as a component unit of the university in accordance with GASB
Statement No. 39, Determining Whether Certain Organizations Are Component Units. The
foundation’s financial statements include the Statement of Financial Position and the Statement of
Activities and these statements are presented as originally audited according to U.S. generally
accepted accounting principles and Financial Accounting Standards Board (FASB)
pronouncements.
The foundation was established to solicit donations and to hold and manage such assets for the
exclusive benefit of the university. Resources managed by the foundation and distributions made
to the university are governed by the foundation’s Board of Trustees (operating independently and
separately from the university’s Board of Regents). The component unit status of the foundation
indicates that significant resources are held by the foundation for the sole benefit of the university.
However, the university is not accountable for, nor has ownership of, the foundation’s resources.
Statement of Net Assets
The Statement of Net Assets presents the financial position of the university at the end of the fiscal
year and includes all assets and liabilities of the university. The difference between total assets
and total liabilities (net assets) is one indicator of the financial condition of the university, while
the change in net assets is an indicator of whether the financial condition has improved or declined
during the year.
A summarized comparison of the university’s assets, liabilities and net assets at June 30, 2011,
2010 and 2009 follows ($ in thousands):
3
MANAGEMENT’S DISCUSSION AND ANALYSIS
(Unaudited – see accompanying accountants’ report)
Assets:
Current assets
Other noncurrent assets
Capital assets, net of depreciation
Total assets
Liabilities:
Current liabilities
Noncurrent liabilities
Total liabilities
Net assets:
Invested in capital assets, net of debt
Restricted – expendable
Restricted – nonexpendable
Unrestricted
Total net assets
2011
2010
2009
166,984
238,581
952,898
1,358,463
$ 184,542
183,616
863,314
1,231,472
$ 180,314
181,070
833,989
1,195,373
115,212
120,631
235,842
114,695
126,915
241,610
100,481
142,709
243,190
835,564
30,825
129,317
126,915
$ 1,122,621
738,206
16,614
128,341
106,701
$ 989,862
705,398
12,233
127,416
107,136
$ 952,183
$
Overall total net assets of the university increased $132.8 million, or 13.4 percent. This increase
was mainly due to a $97.4 million increase in net capital assets. The change in net capital assets is
discussed in more detail in the Capital and Debt Activities section below.
In the asset section, operating cash and investments increased from $109.0 million at June 30,
2010 to $123.8 million at June 30, 2011, primarily as a result of improved operating margins. The
major asset allocation change in operating cash and investments was the creation of two fixed
income portfolios in 2011. These portfolios totaled $78.6 million at June 30, 2011 and comprised
64% of operating funds. The remaining balance of the operating funds is invested in deposits, a
collateralized repurchase agreement and money market funds. Note 2 of the financial statements
provides more information about deposits and investments and associated risks.
Endowment investments at June 30, 2011 were $127.4 million as compared to $116.4 million at
June 30, 2010. The growth is attributed to an 18 percent investment return in 2011. Distributions
from the endowment totaling $5.6 million in 2011 were primarily used to fund the University of
Alaska Scholars Program and land management efforts. The endowment investments are invested
in a consolidated endowment fund that is managed by the foundation.
Total liabilities are categorized as either current liabilities or noncurrent liabilities on the Statement
of Net Assets. Current liabilities are those that are due or will likely be paid in the next fiscal year.
They are primarily comprised of accounts payable, accrued payroll and other expenses, insurance
and risk management payables, debt and student deposits. Noncurrent liabilities are comprised
mostly of long-term debt. Total liabilities decreased $5.8 million during 2011 to a total of $235.8
million.
4
MANAGEMENT’S DISCUSSION AND ANALYSIS
(Unaudited – see accompanying accountants’ report)
Total debt outstanding decreased from $121.3 million at June 30, 2010 to $114.5 million at June
30, 2011 as a result of principal payments. There was no new debt issued during the fiscal year.
Self insurance reserves (liabilities) for health care, general liability and worker’s compensation
were decreased by $12.1 million in 2011 to bring the amounts closer to actuarial estimates. Note
13 of the financial statements reports more information about insurance and risk management.
Unrestricted net assets totaled $126.9 million at June 30, 2011, representing an increase of $20.2
million over the prior year. At year end, $107.0 million was designated for specific purposes. See
Note 7 of the financial statements for a detailed list of these designations.
Fiscal Year 2010 Comparisons (Statement of Net Assets)
Significant comments about changes between 2009 and 2010 that were noted in fiscal year 2010
Management’s Discussion and Analysis are summarized below:
The Statement of Net Assets reflected an overall increase in net assets of four percent, or $37.7
million.
Overall, total assets of the university increased $36.1 million primarily because net capital assets
increased $29.3 million. Total liabilities decreased $1.6 million.
There were no significant changes in 2010 with the university’s operating deposits and
investments. Substantially all funds at June 30, 2010 were invested in bank deposits, government
securities and money market funds. After the global financial crisis in 2009, management focused
on liquidity and safety for its operating funds, with an eye towards restructuring its portfolio. As a
result, subsequent to June 30, 2010, approximately $75 million was invested in a new fixed
income portfolio.
Endowment investments at June 30, 2010 were $116.4 million as compared to $111.0 million at
June 30, 2009. The endowment earned 9.47 percent in 2010 and spending distributions totaled
$5.5 million.
Total debt outstanding decreased from $128.0 million at June 30, 2009 to $121.3 million at June
30, 2010. The balance was reduced by scheduled principal payments and the refunding of
previously issued general revenue bonds. The only new debt was for an equipment financing
totaling $249.8 thousand.
Statement of Revenues, Expenses and Changes in Net Assets
The Statement of Revenues, Expenses and Changes in Net Assets presents the results of operations
for the university as a whole. Revenues, expenses and other changes in net assets are reported as
either operating or nonoperating. Significant recurring sources of university revenue, such as state
appropriations and investment earnings, are defined by GASB Statement No. 35 as nonoperating.
5
MANAGEMENT’S DISCUSSION AND ANALYSIS
(Unaudited – see accompanying accountants’ report)
A summarized comparison of the university’s revenues, expenses and changes in net assets for the
years ended June 30, 2011, 2010 and 2009 follows ($ in thousands):
2011
Operating revenues
Operating expenses
Operating loss
Net nonoperating revenues
Gain (Loss) before other revenues,
expenses, gains, or losses
Other revenues, expenses, gains or losses
Increase in net assets
Net assets at beginning of year
$
397,565
(796,238)
(398,673)
413,653
Net assets at end of year
$ 1,122,621
2010
$
14,980
117,779
132,759
989,862
372,933
(778,287)
(405,354)
381,082
2009
$
(24,272)
61,951
37,679
952,183
$
989,862
356,025
(759,067)
(403,042)
321,480
(81,562)
94,942
13,380
938,803
$
952,183
The Statement of Revenues, Expenses and Changes in Net Assets reflects an overall increase in
net assets of 13.4 percent, or $132.8 million. Major changes in revenues and expenses in 2011 are
described below.
Capital appropriations and capital grant and contract revenue increased from $62.0 million in 2010
to $117.8 million in 2011. Revenue from capital sources is generally recognized as expenditures
occur, so the amount shown on the Statement of Revenues, Expenses and Changes in Net Assets is
a reflection of capital construction activity. A significant portion of the increase includes $32.5
million expended for construction of the Alaska Region Research Vessel – Sikuliaq. For further
discussion on capital activity, see the Capital and Debt Activities section which follows.
State of Alaska general fund appropriations continue to be the single major source of revenue for
the university, providing $346.6 million in 2011, as compared to $334.8 million in 2010.
Historically, the state has funded the university at an amount equal to or above the prior period’s
appropriation. In addition, the state made on-behalf pension payments of $21.8 million directly to
the Public Employees’ Retirement System (PERS) and Teachers’ Retirement System (TRS)
defined benefit plans on behalf of the university. The state is paying the cost above the required
employer contribution rate to fully fund the plans at the actuarial computed rate. Employer
contribution rates have been capped at 22.00 percent and 12.56 percent for PERS and TRS,
respectively. The pension payments were made on-behalf of the university and are presented as
revenue and expense in the university’s financial statements in accordance with GASB Statement
No. 24, Accounting and Financial Reporting for Certain Grants and Other Financial Assistance.
6
MANAGEMENT’S DISCUSSION AND ANALYSIS
(Unaudited – see accompanying accountants’ report)
A comparison of operating and nonoperating revenues by source for 2011, 2010 and 2009 follows:
Operating and Nonoperating Revenues (excluding capital) by Year
42.4%
44.0%
46.7%
State appropriations
23.6%
23.2%
23.2%
Government grants and contracts
14.2%
14.0%
14.3%
Tuition and fees, net
Private grants and contracts
Auxiliary enterprises, net
Other
5.8%
6.0%
6.8%
4.7%
5.2%
5.8%
6.6%
4.6%
FY2011 (total revenue = $817.5
million)
FY2010 (total revenue = $760.8
million)
FY2009 (total revenue = $686.9
million)
-1.8%
State on-behalf payments
2.7%
2.4%
4.4%
Operating grant and contract revenue from federal, state, local and private sponsors totaled $215.3
million for 2011, as compared to $208.8 million in the prior year. The growth is primarily
attributed to American Recovery and Reinvestment Act (ARRA) grants.
Gross student tuition and fee revenue totaled $130.5 million in 2011 as compared to $119.9
million in 2010. This was due in large part to a four percent increase in tuition rates for 100 to 200
level courses and seven percent for all other courses in academic year 2010 – 2011. Student
headcount increased 2.3 percent to 34,480 students from Fall 2009 to Fall 2010.
7
MANAGEMENT’S DISCUSSION AND ANALYSIS
(Unaudited – see accompanying accountants’ report)
A comparison of operating expenses by functional and natural classification for selected fiscal
years follows (see Note 16 of the financial statements for more information):
Instruction
Student Services
Student Aid
Academic Support
Student and Academic
Public Service
Research
Operations and Maintenance
Institutional Support
Auxiliary Enterprises
State On-Behalf Pension
Depreciation
Total Operating Expenses
Operating Expenses
Functional Classification (in millions)
FY2011
FY2010
$ 210.7
26.5%
$ 207.9
26.7%
$
52.2
6.6%
50.8
6.5%
27.3
3.4%
21.0
2.7%
61.5
7.7%
58.5
7.5%
351.7
44.2%
351.7
45.2%
37.5
4.7%
40.9
5.3%
140.4
17.6%
135.0
17.3%
62.8
7.9%
59.8
7.7%
86.9
10.9%
87.8
11.3%
37.9
4.8%
40.4
5.2%
21.8
2.7%
18.0
2.3%
57.2
7.2%
58.2
7.5%
$ 796.2 100.0%
$ 778.3 100.0%
$
FY2009
196.7
25.9%
48.3
6.4%
17.9
2.4%
54.7
7.2%
351.7
46.3%
37.9
5.0%
127.2
16.8%
61.3
8.1%
89.3
11.8%
39.7
5.2%
30.5
4.0%
55.6
7.3%
759.1 100.0%
Fiscal Year 2011
Functional Classification
Academic support
8%
Student aid 3%
Public service 5%
Student services 6%
Research 18%
Instruction 26%
Operations and
maintenance 8%
Institutional support
11%
State on-behalf
pension expense 3%
Depreciation 7%
8
Auxiliary enterprises
5%
MANAGEMENT’S DISCUSSION AND ANALYSIS
(Unaudited – see accompanying accountants’ report)
Salaries and employee benefits increased 1.8 percent, or $8.8 million, in 2011, which represents
less of an increase than experienced in recent prior years. The relatively modest growth can be
attributed to a combination of savings from vacancies and management efforts to minimize overall
headcount growth.
Operating Expenses
Natural Classification (in millions)
FY2011
Salaries and Employee
Benefits
Contractual Services
Supplies and Materials
Other
Student Aid
Depreciation
$ 485.6
141.2
60.4
24.6
27.2
57.2
$ 796.2
61.0%
17.7%
7.6%
3.1%
3.4%
7.2%
100.0%
FY2010
$ 476.8
138.2
61.0
23.1
21.0
58.2
$ 778.3
FY2009
61.2%
17.8%
7.8%
3.0%
2.7%
7.5%
100.0%
$ 453.7
132.5
65.1
34.3
17.9
55.6
$ 759.1
59.7%
17.5%
8.6%
4.5%
2.4%
7.3%
100.0%
Fiscal Year 2011
Natural Classification
Contractual services
18%
Salaries and
employee benefits
61%
Supplies and
materials 8%
Other 3%
Depreciation 7%
Student aid 3%
A portion of university resources applied to student accounts for tuition, fees, or room and board
are not reported as student aid expense, but are reported in the financial statements as a
scholarship allowance, directly offsetting student tuition and fee revenue or auxiliary revenue.
Allowances totaled $16.4 million in 2011 and $15.5 million in 2010. In addition to the
allowances, students participate in governmental financial aid loan programs. The loans are
neither recorded as revenue or expense in the financial statements, but are recorded in the
9
MANAGEMENT’S DISCUSSION AND ANALYSIS
(Unaudited – see accompanying accountants’ report)
Statements of Cash Flows as direct lending receipts totaling $80.4 million and $69.4 million in
2011 and 2010, respectively.
Endowment proceeds and investment income totaled $22.8 million in 2011 as compared to $13.0
million in 2010, primarily as a result of improved market returns. Total return in 2011 was 18
percent as compared to 9.5 percent in the prior year. This category also includes yield from, or
sales of, trust land, and mineral interests, the net proceeds of which are generally deposited to the
land grant endowment trust fund.
Fiscal Year 2010 Comparisons (Statement of Revenues, Expenses and Changes in Net Assets)
Significant comments about changes between 2009 and 2010 that were noted in fiscal year 2010
Management’s Discussion and Analysis are summarized below:
The Statement of Revenues, Expenses and Changes in Net Assets reflected an overall increase in
net assets of four percent, or $37.7 million. The major changes in revenue and expense are
described below.
Gross student tuition and fee revenue totaled $119.8 million in 2010 as compared to $107.4
million in 2009. This was due in large part to a five percent increase in tuition rates for students
for academic year 2009-2010. Student headcount increased 4.3 percent to 33,710 students from
Fall 2008 to Fall 2009.
Salary and employee benefit costs increased five percent, or $23.1 million, in 2010. Employee
benefits, such as pension plan contributions and health care costs, increased 1.9 percent and
comprised $2.5 million of the change. Salaries and wages increased 6.5 percent, or $20.6 million.
Investment returns from all non-endowment sources totaled $3.8 million in 2010 compared to an
$8.1 million loss in 2009, as a result of the global financial crisis.
Endowment investments experienced a $9.7 million gain in 2010 as compared to a $34.4 million
loss in 2009. The significant losses in 2009 were the result of the global financial crisis.
Endowment gifts, sales, and other proceeds totaled $3.2 million in fiscal year 2010 as compared
to $10.4 million in 2009. The 2009 balance included the sale of real property near the Mat-Su
campus totaling $6.1 million.
Capital and Debt Activities
The university continued to modernize various facilities and build new facilities to address
emerging state needs. Net capital asset increases totaled $136.7 million in 2011, as compared
with $73.9 million in 2010 and $76.1 million in 2009. These capital additions primarily comprise
replacement, renovation, code corrections and new construction of academic and research
10
MANAGEMENT’S DISCUSSION AND ANALYSIS
(Unaudited – see accompanying accountants’ report)
facilities, as well as investments in equipment and information technology. State capital
appropriations for 2011 and 2010 were $258.6 million and $3.2 million, respectively. The 2011
appropriation includes $207 million funded by State of Alaska issued general obligations bonds.
Construction in progress at June 30, 2011 totaled $147.0 million and includes the following major
projects:
At the University of Alaska Anchorage, construction is underway on the Health Sciences
Building. This $46.5 million, 65,321 square-feet building will accommodate the academic
programs of the School of Nursing Biomedical Programs and Allied Health Sciences. It will
feature offices and classrooms, interactive simulation labs, seminar rooms and student activity
spaces. The building was completed in August 2011 and is now occupied.
The University of Alaska Fairbanks began construction in fiscal year 2010 of a new research
vessel, named “Sikuliaq”. The vessel construction is being funded by a $148.1 million award
from the National Science Foundation. As designed, the vessel will be a 254 foot multipurpose
oceanographic research ship capable of operating in seasonal ice and open regions around Alaska.
Once constructed, the university will manage the vessel operations to support the National
Science Foundation and other federally funded science activities. The ship is expected to be
complete in 2014.
Construction on the new Life Sciences Facility at the Fairbanks campus began in fiscal year 2011.
The facility is approximately 100,000 square feet and will integrate teaching and research in
biological, wildlife and biomedical sciences. The project cost is $88.3 million and was
approximately 15 percent complete at June 30, 2011. The facility is expected to be complete by
May 2013.
At June 30, 2011, $258.2 million remains unexpended from current and prior year capital
appropriations and general revenue bond proceeds, of which $62.4 million is committed to
existing construction contracts. The balance is for projects still in design or preconstruction, or is
held for contingencies for work in progress.
Debt
At June 30, 2011, total debt outstanding was $114.5 million, comprised of $95.4 million in
general revenue bonds, $17.3 million in a note payable, and $1.8 million in bank financing
contracts. There were no new debt issuances in fiscal year 2011. In fiscal year 2010, the
university issued general revenue refunding bonds Series P totaling $14.0 million to refund and
redeem the outstanding maturities of Series H and J general revenue bonds. The current
refunding resulted in an economic gain of $1.5 million and total debt service payments over the
following 13 years will decrease by $1.8 million.
In previous years, other bonds were issued to finance construction of student residences at three
campuses, the West Ridge Research Building, student recreation centers, a research facility to
11
MANAGEMENT’S DISCUSSION AND ANALYSIS
(Unaudited – see accompanying accountants’ report)
house the International Arctic Research Center, the acquisition and renovation of several
properties adjacent to or near the university’s campuses, additions to the university’s selfoperated power, heat, water and telephone utility systems in Fairbanks, purchase of the University
Center Building in Anchorage, and to refund previously issued general revenue bonds and other
contractual obligations in order to realize debt service savings.
The university has an Aa2 Stable credit rating from Moody’s Investors Service and AA- Stable
rating from Standard and Poor’s. These ratings were affirmed in September 2011.
The university has traditionally utilized tax exempt financings to provide for its capital needs or
to facilitate systematic renewals. Working capital is available to provide interim cash flow
financing for facilities intended to be funded with general revenue bond proceeds or other debt
arrangements.
Capital Activities – Looking Ahead
State of Alaska capital appropriations for fiscal year 2012 total $79.5 million. The appropriations
include $37.5 million designated for deferred maintenance needs across the university system.
This funding is the second installment of a five year deferred maintenance program instituted by
the Governor. Also included are $34 million for a 5,600 seat sports arena at the Anchorage
campus, which represents the remaining funds needed for this approximately $109 million
project.
On October 5, 2011 the university sold competitively general revenue bonds with a par amount of
$48.9 million. The bonds fund a portion of the Fairbanks campus Life Sciences Facility,
numerous deferred maintenance projects and a food service project on the Juneau campus. Bond
closing is scheduled for October 25, 2011.
Other Economic and Financial Conditions
The following is a description of currently known facts, decisions, or conditions that are expected
to have a significant effect on the financial position (net assets) or results of operations (revenues,
expenses, and other changes in net assets) of the university.
During the December 2010 meeting the Board of Regents approved a tuition increase beginning
in the Fall of 2012. Undergraduate courses for the 100 to 200 levels will increase seven percent
and 300 to 400 levels will increase three percent.
12
UNIVERSITY OF ALASKA
(A Component Unit of the State of Alaska)
Statements of Net Assets
June 30, 2011 and 2010
(in thousands)
Assets
Current assets:
Cash and cash equivalents
Short-term investments
Accounts receivable, less allowance
of $3,863 in 2011 and $7,614 in 2010
Inventories
Other assets
Total current assets
Noncurrent assets:
Restricted cash and cash equivalents
Notes receivable
Endowment investments
Land Grant Trust property and other assets
Long-term investments
Education Trust of Alaska investments
Capital assets, net of accumulated depreciation
of $807,411 in 2011 and $760,343 in 2010
Total noncurrent assets
2011
$
Total assets
Liabilities
Current liabilities:
Accounts payable and accrued expenses
Accrued payroll
Unearned revenue and deposits
Accrued annual leave
Unearned lease revenue - current portion
Long-term debt - current portion
Insurance and risk management
Total current liabilities
Noncurrent liabilities:
Unearned revenue - capital
Unearned lease revenue
Long-term debt
Security deposits and other liabilities
Total noncurrent liabilities
Total liabilities
Net Assets
Invested in capital assets, net of related debt
Restricted:
Expendable
Nonexpendable
Unrestricted (see Note 7)
Total net assets
$
27,719
57,973
2010
$
99,390
6,129
73,739
6,875
678
166,984
70,369
7,963
691
184,542
3,289
3,219
127,380
45,254
47,582
11,857
1,531
4,189
116,373
44,532
7,652
9,339
952,898
1,191,479
863,314
1,046,930
1,358,463
1,231,472
34,003
29,430
17,822
11,876
1,281
6,958
13,842
115,212
24,904
28,346
18,886
11,752
1,281
6,763
22,763
114,695
5,678
2,242
107,579
5,131
120,630
2,875
3,523
114,537
5,980
126,915
235,842
241,610
835,564
738,206
30,825
129,317
126,915
16,614
128,341
106,701
1,122,621
$
The accompanying notes are an integral part of the financial statements.
989,862
13
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14
UNIVERSITY OF ALASKA FOUNDATION
(A Component Unit of the University of Alaska)
Statements of Financial Position
June 30, 2011 and 2010
(in thousands)
2011
Assets
Cash and cash equivalents
Interest receivable
Contributions receivable
Escrows receivable
Inventory
Other assets
Pooled endowment funds
Other long-term investments
Total assets
2010
$
21,608
137
14,166
296
57
486
131,853
24,459
$
38,116
78
14,251
134
58
507
102,012
16,869
$
193,062
$
172,025
$
1,775
5
283
1,000
$
1,718
22
411
1,000
Liabilities
Due to the University of Alaska
Other liabilities
Remainder trust obligations
Term endowment liability
Total liabilities
3,063
3,151
23,424
79,551
87,024
33,832
62,732
72,310
189,999
168,874
Net Assets
Unrestricted
Temporarily restricted
Permanently restricted
Total net assets
Total liabilities and net assets
$
193,062
The accompanying notes are an integral part of the financial statements.
$
172,025
15
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16
UNIVERSITY OF ALASKA
(A Component Unit of the State of Alaska)
Statements of Revenues, Expenses and Changes in Net Assets
For the Years Ended June 30, 2011 and 2010
(in thousands)
2011
Operating revenues
Student tuition and fees
less scholarship allowances
$
Federal grants and contracts
State and local grants and contracts
Private grants and contracts
Sales and services, educational departments
Sales and services, auxiliary enterprises, net of scholarship allowances
of $2,005 in 2011 and $2,018 in 2010
Other
Total operating revenues
Operating expenses
Instruction
Academic support
Research
Public service
Student services
Operations and maintenance
Institutional support
Student aid
Auxiliary enterprises
Depreciation
State on-behalf payments - pension
Total operating expenses
Operating loss
Nonoperating revenues (expenses)
State appropriations
State on-behalf contributions - pension
Investment earnings
Endowment proceeds and investment income
Interest on debt
Federal student financial aid
Other nonoperating expenses
Net nonoperating revenues
Income (Loss) before other revenues
Capital appropriations, grants and contracts
Increase in net assets
Net assets
Net assets - beginning of year
Net assets - end of year
$
130,542
(14,438)
116,104
147,869
20,140
47,276
4,215
2010
$
119,846
(13,506)
106,340
138,591
24,519
45,728
4,073
39,265
22,696
397,565
39,225
14,457
372,933
210,653
61,453
140,453
37,547
52,174
62,772
86,950
27,280
37,947
57,170
21,839
796,238
(398,673)
207,864
58,454
135,045
40,861
50,814
59,821
87,859
20,965
40,401
58,228
17,975
778,287
(405,354)
346,644
21,839
3,971
22,777
(4,400)
24,692
(1,870)
413,653
14,980
334,826
17,975
3,810
12,953
(4,852)
18,275
(1,905)
381,082
(24,272)
117,779
132,759
61,951
37,679
989,862
1,122,621
952,183
989,862
The accompanying notes are an integral part of the financial statements.
$
17
UNIVERSITY OF ALASKA FOUNDATION
(A Component Unit of the University of Alaska)
Statements of Activities
For the years ended June 30, 2011 and 2010
(in thousands)
Unrestricted
Temporarily
Restricted
Permanently
Restricted
$
$
$
2011
Revenues, gains (losses) and other support
Contributions
Investment income
Net realized and unrealized investment gains
Other revenues
Actuarial adjustment of remainder trust obligations
Losses on disposition of other assets
Administrative assessments
Support from University of Alaska
Net assets released from restriction
Total revenues, gains (losses) and other support
458
645
2,277
(1)
1,718
890
11,532
10,320
1,758
15,105
159
49
(43)
(1,060)
(11,532)
5,024
249
(62)
-
$
15,802
2,403
17,382
159
298
(44)
596
890
-
17,519
14,756
5,211
37,486
2,632
13,729
-
-
2,632
13,729
16,361
-
-
16,361
1,158
14,756
5,211
21,125
(11,566)
2,063
9,503
-
(10,408)
16,819
14,714
21,125
33,832
62,732
72,310
168,874
87,024
$ 189,999
Expenses and distributions
Operating expenses
Distributions for the benefit of the University of Alaska
Total expenses and distributions
Excess of revenues over expenses
Transfers between net asset classes
Increase (decrease) in net assets
Net assets, beginning of year
Net assets, end of year
18
$
23,424
$
79,551
$
The accompanying notes are an integral part of the financial statements.
Unrestricted
Temporarily
Restricted
Permanently
Restricted
$
$
$
$
256
719
4,159
(3)
1,473
890
10,963
12,961
1,236
3,015
169
(28)
(115)
(888)
(10,963)
2,725
(71)
(43)
-
2010
$
15,942
1,955
7,174
169
(99)
(118)
542
890
-
18,457
5,387
2,611
26,455
2,568
13,290
-
-
2,568
13,290
15,858
-
-
15,858
2,599
5,387
2,611
10,597
-
(10,004)
10,004
-
2,599
(4,617)
12,615
10,597
31,233
67,349
59,695
158,277
72,310
$ 168,874
33,832
$
62,732
$
The accompanying notes are an integral part of the financial statements.
19
UNIVERSITY OF ALASKA
(A Component Unit of the State of Alaska)
Statements of Cash Flows
For the Years Ended June 30, 2011 and 2010
(in thousands)
2011
2010
Cash flows from operating activities
Student tuition and fees, net
Grants and contracts
Sales and services, educational departments
Sales and services, auxiliary enterprises
Other operating receipts
Payments to employees for salaries and benefits
Payments to suppliers
Payments to students for financial aid
$
Net cash used by operating activities
115,931
217,774
4,216
39,471
12,551
(487,980)
(195,106)
(27,334)
$
105,326
210,862
4,073
39,435
13,176
(471,657)
(204,028)
(20,993)
(320,477)
(323,806)
346,898
23,453
80,378
(80,359)
334,672
17,303
69,391
(69,893)
370,370
351,473
114,719
(143,199)
(6,763)
(4,572)
49,392
14,045
(14,535)
(82,471)
(6,473)
(4,192)
(39,815)
(44,234)
Proceeds from sales and maturities of investments
Purchases of investments
Interest received on investments
Interest and other sales receipts from endowment assets
51,740
(136,020)
2,605
1,684
267,202
(243,059)
1,843
4,683
Net cash provided (used) by investing activities
(79,991)
30,669
(69,913)
14,102
100,921
31,008
86,819
100,921
Cash flows from noncapital financing activities
State appropriations
Other revenue
Direct lending receipts
Direct lending payments
Net cash provided by noncapital financing activities
Cash flows from capital and related financing activities
Capital appropriations, grants and contracts
Proceeds from issuance of capital debt
Redemption of general revenue bonds
Purchases of capital assets
Principal paid on capital debt
Interest paid on capital debt
Net cash used by capital and related financing activities
Cash flows from investing activities
Net increase (decrease) in cash and cash equivalents
Cash and cash equivalents, beginning of the year
Cash and cash equivalents, end of the year
Cash and cash equivalents (current)
Restricted cash and cash equivalents (noncurrent)
Total cash and cash equivalents
20
$
$
$
27,719
3,289
31,008
The accompanying notes are an integral part of the financial statements.
$
$
$
99,390
1,531
100,921
UNIVERSITY OF ALASKA
(A Component Unit of the State of Alaska)
Statements of Cash Flows
For the Years Ended June 30, 2011 and 2010
(in thousands)
Reconciliation of operating loss to net cash used by
operating activities:
Operating loss
Adjustments to reconcile operating loss to net cash used by
operating activities:
Depreciation expense
State on-behalf payments - pension
Changes in assets and liabilities:
Accounts receivable, net
Other assets
Inventories
Accounts payable and accrued expenses
Accrued payroll
Unearned revenue, deposits from students and others
Accrued annual leave
Unearned lease revenue - current portion
Insurance and risk management
Net cash used by operating activities
2011
$
$
(398,673)
2010
$
(405,354)
57,170
21,839
58,228
17,975
4,549
137
1,088
3,527
1,084
(1,122)
125
(1,281)
(8,920)
(398)
(32)
(743)
(233)
3,380
1,591
432
(1,281)
2,629
(320,477)
$
(323,806)
Noncash Investing, Capital and Financing Activities:
For the Year Ended June 30, 2011
Additions to capital assets include $9.8 million expended and capitalized but not paid for at year end.
Book value of capital asset disposals totaled $1.5 million.
The university received $1.0 million in donated land and equipment.
The university received on-behalf pension payments from the State of Alaska totaling $21.8 million.
For the Year Ended June 30, 2010
Additions to capital assets include $7.1 million expended and capitalized but not paid for at year end.
The university financed the purchase of equipment totaling $0.2 million.
Book value of capital asset disposals totaled $0.5 million.
The university received on-behalf pension payments from the State of Alaska totaling $18.0 million.
The accompanying notes are an integral part of the financial statements.
21
NOTES TO FINANCIAL STATEMENTS
June 30, 2011 and 2010
1.
Organization and Summary of Significant Accounting Policies:
Organization and Basis of Presentation:
The University of Alaska (university) is a constitutionally created corporation of the State of Alaska
which is authorized to hold title to real and personal property and to issue debt in its own name. The
university is a component unit of the State of Alaska for purposes of financial reporting. As an
instrumentality of the State of Alaska, the university is exempt from federal income tax under Internal
Revenue Code Section 115, except for unrelated business activities as covered under Internal Revenue
Code Sections 511 to 514.
The University of Alaska Foundation (foundation) is a legally separate, non profit component unit of
the university. The foundation was established to solicit donations and to hold and manage such assets
for the exclusive benefit of the university. Resources managed by the foundation and distributions
made to the university are governed by the foundation’s Board of Trustees. Governmental Accounting
Standards Board (GASB) Statement No. 39, Determining Whether Certain Organizations Are
Component Units, require the university to include the foundation as part of its financial statements to
better report resources benefiting the university. The university is not accountable for, nor has
ownership of, the foundation’s resources. The foundation’s financial statements include the Statement
of Financial Position and the Statement of Activities and these statements are presented in their original
audited format according to Financial Accounting Standards Board (FASB) pronouncements.
In preparing the financial statements, management is required to make estimates that affect the reported
amounts of assets and liabilities and disclosure of contingent assets and liabilities as of the date of the
statement of net assets. Actual results could differ from those estimates. The more significant
accounting and reporting policies and estimates applied in the preparation of the accompanying
financial statements are discussed below.
GASB Statement No. 35 establishes standards for external financial reporting for public colleges and
universities and requires that resources be classified for accounting and reporting purposes into the
following net asset categories:
x
Unrestricted Net Assets: Assets, net of related liabilities, which are not subject to externallyimposed restrictions. Unrestricted net assets may be designated for specific purposes by the
Board of Regents or may otherwise be limited by contractual agreements with outside parties.
x
Restricted Net Assets:
Expendable – Assets, net of related liabilities, which are subject to externally-imposed
restrictions that may or will be met by actions of the university and/or that expire with the
passage of time.
Non-expendable – Assets, net of related liabilities, which are subject to externally-imposed
restrictions requiring that they be maintained permanently by the university.
x
22
Invested in capital assets, net of related debt – Capital assets, net of accumulated
depreciation and outstanding principal balances of debt attributable to the acquisition,
construction or improvement of those assets.
NOTES TO FINANCIAL STATEMENTS
Summary of Significant Accounting Policies:
The accompanying financial statements have been prepared on the economic resources measurement
focus and the accrual basis of accounting. All significant intra-university transactions have been
eliminated. The university reports as a business type activity, as defined by GASB Statement No. 35.
Business type activities are those that are financed in whole or in part by fees charged to external parties
for goods or services.
The university has the option to apply all Financial Accounting Standards Board (FASB)
pronouncements issued after November 30, 1989, unless FASB conflicts with GASB. The university
has elected not to apply FASB pronouncements issued after the applicable date.
Cash and Cash Equivalents
All highly liquid investments, not held for long-term investment, with original maturities of three
months or less are reported as cash and cash equivalents.
Inventories
Inventories are stated at the lower of cost (first-in, first-out method) or market.
Investments
Investments are stated at fair value. Investments in fixed income and equity marketable securities are
stated at fair value based on quoted market prices. Investments in private partnership interests are
valued using the most current information provided by the general partner. General partners typically
value privately held companies at cost as adjusted based on recent arms’ length transactions. Public
companies are valued using quoted market prices and exchange rates, if applicable. Real estate
partnerships and funds are valued based on appraisals of properties held and conducted by third-party
appraisers retained by the general partner or investment manager. General partners of marketable
alternatives provide values based on quoted market prices and exchange rates for publicly held
securities and valuation estimates of derivative instruments. General partners of oil and gas
partnerships use third-party appraisers to value properties. Valuations provided by the general partners
and investment managers are evaluated by management and management believes such values are
reasonable at June 30, 2011. When, in the opinion of management, there has been a permanent
impairment in the asset value, the asset is written down to its fair value. Income from other investments
is recognized when received.
Investment securities are exposed to various risks, such as interest rate, market and credit risks. Due to
the level of risk associated with certain investment securities, it is at least reasonably possible that
changes in the values of investment securities will occur in the near term and that such change could
materially affect the amounts reported in the statement of net assets. Investments also include securities
with contractual cash flows such as asset-backed securities, collateralized mortgage obligations and
commercial mortgage-backed securities. The value, liquidity and related income of these securities are
sensitive to economic conditions, including real estate value, delinquencies or defaults, or both, and
may be adversely affected by shifts in the market’s perception of the issuers and changes in interest
rates. Long-term investments include those restricted by outside parties as to withdrawal or use for
other than current operations, or are designated for expenditure in the acquisition or construction of
noncurrent assets or held with an intent not to be used for operations.
23
NOTES TO FINANCIAL STATEMENTS
Capital Assets
Capital assets are stated at cost when purchased and at fair value when donated. Equipment with a unit
value of $5,000 or greater is capitalized. Buildings and infrastructure with a unit value of $100,000 or
greater are capitalized. Other capitalizable assets with a unit value of $50,000 or greater are capitalized.
Certain land and other resources acquired through land grants and donated museum collections for
which fair value at date of acquisition was not determinable are reported at zero basis in the financial
statements.
Depreciation is computed on a straight-line basis with useful lives of building and building components
ranging from 12 to 50 years, 10 to 35 years for infrastructure and other improvements, and 5 to 11 years
for equipment. Library and museum collections are not depreciated because they are preserved and
cared for and have an extraordinarily long useful life.
Endowments
Endowments consist primarily of the land grant endowment trust fund established pursuant to the 1929
federal land grant legislation and its related inflation proofing fund. Alaska Statute 14.40.400 provides
that the net income from the sale or use of grant lands must be held in trust in perpetuity. The land grant
endowment trust fund balance at the end of 2011 and 2010 was $115.1 million and $100.0 million,
respectively. The accumulated net earnings were $16.5 million and $3.0 million at June 30, 2011 and
2010, respectively. The inflation proofing fund, a quasi-endowment fund included in unrestricted net
assets, totaled $19.8 million and $20.0 million at the end of 2011 and 2010, respectively.
Alaska Statute 14.40.400 provides the Board of Regents with authority to manage the funds under the
total return principles which intends to preserve and maintain the purchasing power of the endowment
principal. The investable resources of the funds are invested in the consolidated endowment fund, a
unitized investment fund. The annual spending allowance is currently based on four and one-half
percent of a five-year moving average of the invested balance. Withdrawals of net earnings appreciation
to meet the spending allowance are limited to the unexpended accumulated net earnings balance of the
preceding December 31.
Operating Activities
The university’s policy for defining operating activities as reported on the statement of revenues,
expenses and changes in net assets are those that generally result from exchange transactions such as
payments received for providing services and payments made for services or goods received. Certain
significant revenue streams relied upon for operations are recorded as non-operating revenues, as
defined by GASB Statement No. 35, including state appropriations and investment earnings.
Scholarship Allowances
Student tuition and fee revenues and certain other revenues from students are reported net of
scholarship allowances in the statement of revenues, expenses and changes in net assets. Scholarship
allowances are the difference between the stated charge for tuition and room and board provided by the
university and the amount paid by the student and/or third parties making payments on the students’
behalf.
24
NOTES TO FINANCIAL STATEMENTS
Lapse of State Appropriations
Alaska Statutes provide that unexpended balances of one-year appropriations will lapse on June 30 of
the fiscal year of the appropriation; however, university receipts in excess of expenditures may be
expended by the university in the next fiscal year. University receipts include student tuition and fees,
donations, sales, rentals, facilities and administrative cost recovery, interest income, auxiliary and
restricted revenues. The unexpended balances of capital appropriations generally lapse after five years
or upon determination that the funds are no longer necessary for the project.
Reclassifications
Certain amounts in the June 30, 2010 financial statements have been reclassified for comparative
purposes to conform to the presentation in the June 30, 2011 financial statements.
2.
Deposits and Investments:
Deposits and investments at June 30, 2011 were as follows ($ in thousands):
Investment Type
Cash and Deposits
Certificates of Deposit
Repurchase Agreement
Hedge Funds
Money Market Mutual Funds
Equities:
Domestic
Global
Emerging Markets
Debt-related:
Corporate
Federal Agency
U. S. Treasuries
Fixed Income Funds
Alternative Investments:
Private Equity – Domestic
Private Equity – Int’l
Commodities
Natural Resources
Venture Capital
Mezzanine
Real Estate
Other
Operating
$ 7,323
3,770
22,199
12,168
Capital
Endowment
Funds
$
- $
6,520
8,910
12,351
1,958
College
Savings
Program
$
553
Total
$ 13,843
3,770
22,199
8,910
27,030
-
-
27,795
30,713
6,457
4,795
-
32,590
30,713
6,457
52,958
21,306
4,053
-
435
-
8,859
16,402
6,509
52,958
21,741
12,912
22,911
$ 123,777
$ 12,786
6,714
2,096
943
3,425
2,404
934
1,546
1,704
$ 127,380
$ 11,857
6,714
2,096
943
3,425
2,404
934
1,546
1,704
$ 275,800
25
NOTES TO FINANCIAL STATEMENTS
Deposits and investments at June 30, 2010 were as follows ($ in thousands):
Investment Type
Cash and Deposits
Certificates of Deposit
Repurchase Agreement
Multi-Strategy Bond Fund
Hedge Funds
Money Market Mutual Funds
Equities:
Domestic
International
Global
Emerging Markets
Debt-related:
Federal Agency
Fixed Income Funds
Alternative Investments:
Private Equity - Domestic
Private Equity – Int’l
Commodities
Natural Resources
Venture Capital
Mezzanine
Real Estate
Other
5,297
Endowment
$ 11,757
5,708
9,582
2,168
College
Savings
Program
$
145
Total
$11,022
5,025
22,951
5,708
10,433
88,469
-
-
25,573
2,512
17,855
4,776
3,579
-
29,152
2,512
17,855
4,776
-
454
-
17,497
5,615
454
23,112
$ 108,951
$ 5,751
7,104
1,668
775
3,082
1,683
1,441
1,435
1,757
$116,373
$ 9,339
7,104
1,668
775
3,082
1,683
1,441
1,435
1,757
$ 240,414
Operating
$ (735)
5,025
22,951
851
80,859
Capital
Funds
$
Operating funds consist of cash on hand, time deposits, an overnight repurchase agreement, money
market funds and bonds. Alaska Statutes and Board of Regents’ policy provide the university with broad
authority to invest funds. Generally, operating funds are invested according to the university’s liquidity
needs. During fiscal year 2011, the university implemented operating fund investment guidelines, which
sets forth the objectives, structure and acceptable investments for the university’s operating funds.
In fiscal year 2011, the university restructured its operating funds by investing in high quality bonds,
including U.S. treasuries, federal agency bonds and corporate bonds. These investments are held under
the name of the university. After the restructure, the bonds comprise the largest portion of operating
funds. The majority of the money market mutual funds are invested through the Commonfund, a not-forprofit provider of pooled multi-manager investment vehicles for colleges and universities. Since fiscal
year 2010, the university also used the Certificate of Deposit Account Registry Service (CDARS) to
26
NOTES TO FINANCIAL STATEMENTS
invest monies into certificates of deposit across many different banking institutions to keep deposits under
the Federal Deposit Insurance Corporation insurance limits.
Capital funds include unexpended general revenue bond proceeds and related reserves, advances from
state capital appropriations and other reserves designated for capital purposes. General revenue bond
reserves totaling $4.7 million are invested with a third party trustee in accordance with terms of a trust
indenture, requiring purchase of investment securities that are investment grade.
Endowment funds primarily consist of $125.4 million in investable resources of the university’s land
grant endowment trust fund and are invested in a consolidated endowment fund managed by the
foundation. These resources are combined with the foundation’s pooled endowment funds for investment
purposes, and managed by the foundation’s investment committee and treasurer on a total return basis in
accordance with an investment policy approved by the Board of Regents.
College savings program investments include the operating funds of the Education Trust of Alaska,
established pursuant to state statute by the Board of Regents to facilitate administration of the state’s
Internal Revenue Code Section 529 College Savings Program. Program investments are in mutual funds
of T. Rowe Price Associates, Inc., the program manager. See Note 4 for further information.
Certain funds held in trust for the benefit of the university are not included in the financial statements as
the university has only limited control over their administration. These funds are in the custody of
independent fiduciaries and at June 30, 2011 had an estimated fair value of approximately $4.0 million.
At June 30, 2011, the university has approximately $25.2 million in investments that are not readily
marketable. These investments are invested in the consolidated endowment fund managed by the
foundation. These investment instruments may contain elements of both credit and market risk. Such risks
include, but are not limited to, limited liquidity, absence of regulatory oversight, dependency upon key
individuals, and nondisclosure of portfolio composition. Because these investments are not readily
marketable, their estimated value is subject to uncertainty and therefore may differ from the value that
would have been used had a ready market for such investment existed. Such difference could be material.
Disclosures for deposits and investments are presented according to GASB Statement No. 40, Deposit
and Investment Risk Disclosures (GASB 40). Accordingly, the following information addresses various
risk categories for university deposits and investments and the investment policies for managing that risk.
Credit Risk:
Credit risk is the risk that an issuer or other counterparty to an investment will not fulfill its obligations.
The operating fund investment guidelines require that at the time of purchase, short term instruments
must be rated A1 or better by Standard & Poor’s (S & P), and P1 or better by Moody’s. Long term
instruments must be rated BBB- or better by S & P and Baa3 or better by Moody’s. The average credit
rating of any separately management account portfolio shall be no lower than A by S & P and A2 by
Moody’s.
27
NOTES TO FINANCIAL STATEMENTS
The consolidated endowment fund investment policy requires all purchases of debt securities to be of
investment grade and marketable at the time of purchase unless otherwise approved by the foundation’s
investment committee. At June 30, 2011, investments consisted of securities with credit quality ratings
issued by nationally recognized statistical rating organizations as follows ($ in thousands):
Investment Type
Rating
Operating
Capital
Funds
Endowment
College
Savings
Program
$ 12,168
$12,351
$
$
Money Market Mutual Fund
Aaa
1,958
-
Money Market Mutual Fund
Not Rated
-
-
-
553
Hedge Funds
Not Rated
-
-
8,910
-
Debt Related:
Federal Agency
Aaa
16,306
435
-
-
Federal Agency
P-1
5,000
-
-
-
Fixed Income Funds
Aa2
-
-
16,402
-
Fixed Income Funds
Not Rated
-
-
-
6,509
Corporate
Aaa
28,812
-
-
-
Corporate
Aa1
4,763
-
-
-
Corporate
Aa2
4,297
-
-
-
Corporate
Aa3
4,355
-
-
-
Corporate
A1
3,979
-
-
-
Corporate
A2
2,649
-
-
-
Corporate
A3
4,103
-
-
-
Concentration of Credit Risk:
Concentration of credit risk is the risk of loss attributed to the magnitude of the university’s investment
in a single issuer. GASB 40 requires disclosure when the amount invested with a single issuer, by
investment type, exceeds five percent or more of that investment type. At June 30, 2011, the university
did not have any material concentrations of credit risk.
The operating fund investment guidelines limits the aggregate fair value of the portfolio that may be
invested in any combination of instruments from one issuer to four percent and callable bonds are
limited to fifteen percent of the total portfolio value, with exceptions for federally backed securities.
The consolidated endowment fund investment policy limits debt investments to five percent by issuer
(except for mutual and pooled funds and U.S. government and agencies) for each specific managed
portfolio within the consolidated endowment fund unless approved by the treasurer.
Custodial Credit Risk:
The custodial credit risk for deposits is the risk that, in the event of the failure of a depository
institution, the university will not be able to recover deposits or will not be able to recover collateral
28
NOTES TO FINANCIAL STATEMENTS
securities in the possession of an outside party. For investments, custodial credit risk is the risk that, in
the event of failure of the counterparty to a transaction, the university will not be able to recover the
value of investment or collateral securities in the possession of an outside party.
At June 30, 2011, the university does not have custodial credit risk. Deposits of the university are
covered by Federal Depository Insurance or securities pledged by the university’s counterparty to its
repurchase agreement held at a third party bank. The collateral is held in the name of the university and
at June 30, 2011, provided $2.3 million coverage in excess of deposits.
Interest Rate Risk:
Interest rate risk is the risk that changes in interest rates will adversely affect the fair value of an
investment. The university uses the modified duration measurement to evaluate interest rate risk.
Modified duration measures a debt investment’s exposure to fair value changes arising from changing
interest rates. For example, a modified duration of 2 means that for a rise in interest rates of one
percent, the value of the security would decrease two percent. The university does not have a policy
regarding interest rate risk. At June 30, 2011, the university had the following debt investments and
corresponding modified duration ($ in thousands):
Fair Value
Investment Type
Federal Agency
Federal Agency
Corporate
U.S. Treasuries
U.S. Treasuries
Fixed Income Fund
Fixed Income Fund
Operating
$
21,306
$
52,958
$
4,053
-
Capital
Funds Endowment
$ 435
- $
8,859
- $ 16,402
College
Savings
Program
$ 6,509
-
Modified
Duration
0.54
0.84
1.23
2.89
3.97
5.08
5.17
Hedge funds totaling $8.9 million are exposed to interest rate risk, however, underlying fund data is not
available to measure the interest rate risk.
Foreign Currency Risk:
Foreign currency risk is the risk that changes in exchange rates could have an adverse affect on an
investment’s value for investments denominated in foreign currencies. GASB 40 requires disclosure of
value in U.S. dollars by foreign currency denomination and investment type. The university does not
have a policy regarding foreign currency risk. At June 30, 2011, the university did not have any foreign
currency risk.
29
NOTES TO FINANCIAL STATEMENTS
3.
Accounts Receivable:
Accounts receivable consisted of the following at June 30, 2011 and 2010 ($ in thousands):
June 30, 2011
Student tuition and fees
Sponsored programs
Auxiliary services and other operating activities
Capital appropriations, grants and contracts
June 30, 2010
Student tuition and fees
Sponsored programs
Auxiliary services and other operating activities
Capital appropriations, grants and contracts
4.
Gross
15,011
46,363
511
15,717
$
77,602
Allowance
$
(2,592)
(1,160)
(111)
$
(3,863)
Gross
16,041
51,549
414
9,979
$
77,983
Allowance
$
(6,301)
(1,203)
(110)
$
(7,614)
$
$
$
$
$
$
Net
12,419
45,203
400
15,717
73,739
Net
9,740
50,346
304
9,979
70,369
Education Trust of Alaska:
Assets held in trust include operating funds of the Education Trust of Alaska (Trust). The Trust was
established pursuant to state statute on April 20, 2001 by the Board of Regents to facilitate
administration of the state’s Internal Revenue Code (IRC) Section 529 College Savings Program. The
program is a nationally marketed college savings program developed in accordance with IRC Section
529 and includes the resources of the university’s former Advance College Tuition (ACT) Program.
Participant account balances of approximately $4.3 billion and $3.4 billion at June 30, 2011 and 2010,
respectively, are not included in the financial statements. Separately audited Trust financial statements
are available upon request from the University of Alaska Controller’s office.
Assets of the Trust are invested in various mutual funds at the direction of T. Rowe Price Associates,
Inc., the program manager. The net assets of the Trust, which include a reserve for University of
Alaska (UA) Tuition Value Guarantees, are available for payment of program administrative costs,
benefits and other purposes of the Trust. Based on actuarial studies, management estimates reserve
requirements for the UA Tuition Value Guarantees to be approximately $4.5 million and $5.3 million at
June 30, 2011 and 2010, respectively.
5.
Land Grant Trust Property and Other Assets:
Land Grant Trust property and other assets consist of real property and timber and other rights. By
Acts of Congress in 1915 and 1929, approximately 110,000 acres of land was granted to the territory of
Alaska to be held in trust for the benefit of the university. The lands were managed by the territory, and
later the State of Alaska. In accordance with a 1982 agreement, the lands were subsequently transferred
to the Board of Regents, as trustee. In 1982 and 1988 certain state lands including timber and other
rights were transferred to the trust as replacement for lands disposed of or adversely affected during the
period of administration by the territory and the state. These lands and property interests were recorded
at their fair value as of the date of transfer. The net proceeds from land sales and other rights are
30
NOTES TO FINANCIAL STATEMENTS
deposited in the land grant endowment trust fund as described in the Endowment section in Note 1
above. At June 30, 2011 and 2010, approximately 82,411 and 82,423 acres, respectively, were held in
trust at zero basis because fair value at the time of transfer was not determinable.
6.
Capital Assets:
A summary of capital assets follows ($ in thousands):
Balance
July 1, 2010
Capital assets not depreciated:
Land
Construction in progress
Library and museum collections
Other capital assets:
Buildings
Infrastructure
Equipment
Leasehold improvements
Other improvements
Total
Less accumulated depreciation:
Buildings
Infrastructure
Equipment
Leasehold improvements
Other improvements
Total accumulated depreciation
Capital assets, net
$
28,490
59,176
57,964
$
Additions
1,196,399
61,191
171,028
26,632
22,777
1,623,657
32,416
1,760
14,417
1,595
194,198
70
10,234
1,723
57,546
37,981
146,994
59,146
1,228,745
62,951
175,211
24,909
24,372
1,760,309
574,633
32,044
125,912
9,916
17,838
760,343
40,931
1,918
12,517
1,127
677
57,170
47
8,776
1,279
10,102
615,517
33,962
129,653
9,764
18,515
807,411
863,314
$
$
Balance
July 1, 2009
Capital assets not depreciated:
Land
Construction in progress
Library and museum collections
Other capital assets:
Buildings
Infrastructure
Equipment
Leasehold improvements
Other improvements
Total
Less accumulated depreciation:
Buildings
Infrastructure
Equipment
Leasehold improvements
Other improvements
Total accumulated depreciation
Capital assets, net
$
$
28,490
120,822
57,094
9,491
133,337
1,182
Balance
July 1, 2011
Reductions
137,028
$
Additions
$
73,112
870
1,065,605
57,574
171,075
26,632
22,473
1,549,765
130,794
3,660
14,144
304
222,884
533,018
30,214
126,850
8,499
17,195
715,776
41,616
1,832
12,721
1,416
644
58,229
833,989
$
$
164,655
45,519
-
47,444
Reductions
$
$
$
Balance
June 30, 2010
134,758
-
28,490
59,176
57,964
1,196,399
61,191
171,028
26,632
22,777
1,623,657
43
14,191
148,992
-
574,634
32,045
125,910
9,915
17,839
760,343
1
13,661
13,662
$
135,330
952,898
$
863,314
31
NOTES TO FINANCIAL STATEMENTS
7.
Unrestricted Net Assets:
At June 30, unrestricted net assets included the following ($ in thousands):
2011
Designated:
Auxiliaries
Working capital fund
Working capital advances
Service centers
Debt service funds
Quasi-endowment funds
Renewal and replacement funds
Employee benefit funds
Endowment earnings
Encumbrances
Total designated
Undesignated
Total unrestricted net assets
$
$
2010
11,472
4,827
(252)
17,399
4,034
28,600
12,141
1,415
12,769
14,615
107,020
19,895
126,915
$
$
6,505
4,826
(2,611)
12,894
1,574
28,449
8,989
(13)
12,302
10,423
83,338
23,363
106,701
Unrestricted net assets include non-lapsing university receipts of $51.9 million at June 30, 2011. Nonlapsing university receipts of $46.7 million from 2010 were fully expended in 2011. At June 30, 2011 and
2010, $63.4 million and $53.2 million, respectively, of auxiliary funds, encumbrances and other
unrestricted net assets were pledged as collateral for the university's general revenue bonds, as calculated
under the terms of the 1992 General Revenue Bonds Trust Indenture.
8.
Long-term Debt:
Debt service requirements at June 30, 2011 were as follows ($ in thousands):
Year ended
June 30,
2012
2013
2014
2015
2016
2017-2021
2022-2026
2027-2031
2032-2036
32
Principal
Interest
Total
$
6,958
7,175
6,821
6,657
6,974
34,221
27,941
14,075
3,715
$
4,359
4,134
3,903
3,679
3,435
13,149
6,664
2,053
311
$
11,317
11,309
10,724
10,336
10,409
47,370
34,605
16,128
4,026
$
114,537
$
41,687
$
156,224
NOTES TO FINANCIAL STATEMENTS
Long-term debt consisted of the following at June 30, 2011 and 2010 ($ in thousands):
2011
Revenue bonds payable 1.40% to 5.00% general revenue
bonds due serially to 2036, secured by a pledge of unrestricted
current fund revenue generated from tuition, fees, recovery of
facilities and administrative costs, sales and services of
educational departments, miscellaneous receipts and
auxiliaries.
$
95,445
2010
$
100,490
Note payable - capital construction 1.826% assisted note to
the Alaska Housing Finance Corporation (AHFC) to finance
construction of Anchorage campus housing, due semiannually
through February 2024.
17,290
18,458
Equipment financings 4.06% to 4.77% note for the purchase
of equipment and vehicles due in quarterly installments through
June 2017.
1,802
2,352
$
114,537
$
121,300
In fiscal year 2011, the state reimbursed the university $1,409,822 for debt service on Series K general
revenue bonds. Subject to annual appropriation, the state will reimburse the university for principal and
interest on $16,375,000 of the remaining bond principal. Annual debt service on this portion of the bonds
is approximately $1.4 million.
Under the terms of the 1992 General Revenue Bonds Trust Indenture, the university is required to
maintain a reserve account with a trustee at an amount equal to one-half of the maximum annual
general revenue bond debt service. The balance in the reserve account at June 30, 2011 and 2010 was
$4.7 million.
On October 5, 2011 the university sold competitively general revenue bonds with a par amount of
$48,870,000 and a 20 year term. The bonds fund a portion of the Fairbanks campus Life Sciences
Facility, numerous deferred maintenance projects and a food service project on the Juneau campus. Bond
closing is scheduled for October 25, 2011.
9.
Unearned Lease Revenue:
In fiscal year 1997, the university entered into an agreement to construct a facility and establish the
International Arctic Research Center (IARC), subsequently renamed Akasofu Building. The university
received $19,215,000 through a Japanese non-profit corporation to support the construction of the
IARC in exchange for a commitment to provide research facilities to various Japanese research
organizations and agencies for a period of 25 years, including lease extensions. The Japanese research
organizations began occupying the Akasofu Building in fiscal year 1999. The unearned lease revenue
at June 30, 2011 is $3,522,750 and is reduced at the rate of $1,281,000 per year with a corresponding
increase to other operating revenue.
33
NOTES TO FINANCIAL STATEMENTS
10.
Long-term Liabilities:
Long-term liability activity was as follows ($ in thousands):
Balance
June 30, 2010
Unearned revenue - capital
Unearned lease revenue
Long-term debt
Security deposits and other liabilities
$
2,875
4,804
121,300
5,980
$ 134,959
Balance
June 30, 2009
Unearned revenue - capital
Unearned lease revenue
Long-term debt
Security deposits and other liabilities
11.
$ 10,519
6,085
128,013
5,846
$ 150,463
Additions
Reductions
$
$
$
4,284
1
4,285
1,481
1,281
6,763
850
$ 10,375
Additions
Reductions
$
$
812
14,295
140
$ 15,247
8,456
1,281
21,008
6
$ 30,751
Balance
June 30, 2011
$
5,678
3,523
114,537
5,131
$ 128,869
Balance due
within one
year
$
$
1,281
6,958
8,239
Balance due
Balance
within one
June 30, 2010
year
$
2,875
4,804
121,300
5,980
$ 134,959
$
$
1,281
6,763
8,044
Capital Appropriations and Construction Commitments:
Major construction projects of the university are funded primarily by State of Alaska appropriations and
general obligation bonds, university revenue bonds and federal grants. Unexpended and unbilled
capital funds appropriated by the State of Alaska in prior years, which are not reflected as appropriation
revenue or receivables on the university’s books at June 30, 2011, totaled $257.9 million. In addition,
unexpended proceeds of university-issued general revenue bonds designated for construction projects
totaled $0.3 million at June 30, 2011.
Construction commitments at June 30, 2011 aggregated $62.4 million. At June 30, 2011, the university
had received $6.9 million from State of Alaska capital appropriations and other sources in advance of
expenditures.
As of June 30, 2011 the university has spent $44.9 million, part of construction in progress, on building
a ship named “Sikuliaq”. The vessel will be owned by the National Science Foundation, the agency
funding the construction, and operated by the University of Alaska Fairbanks, as part of the U.S.
academic research fleet. It will be used by scientists in the United States and international
oceanographic community through the University-National Oceanographic Laboratory System. The
Sikuliaq is anticipated to be ready for unrestricted science operations in 2014 and will be home ported
in Alaska at the Seward Marine Center.
34
NOTES TO FINANCIAL STATEMENTS
12.
Pension Plans:
Participation in one of the various pension plans generally depends on when an employee was
originally hired. Substantially all regular employees hired before July 1, 2006 participate in one of the
following pension plans:
x The State of Alaska Public Employees' Retirement System – Defined Benefit (PERS-DB), a
cost-sharing, multiple-employer public employee retirement plan,
x The State of Alaska Teachers' Retirement System – Defined Benefit (TRS-DB), a cost-sharing,
multiple-employer public employee retirement plan,
x The University of Alaska Optional Retirement Plan (ORP) Tier 1 or Tier 2, a single-employer
defined contribution plan.
In addition, substantially all eligible employees participate in the University of Alaska Pension Plan, a
supplemental single-employer defined contribution plan. Employees hired on or after July 1, 2006 have
a choice to participate in the University of Alaska Retirement Program or the applicable state defined
contribution plan. The University of Alaska Retirement Program consists of ORP (Tier 3) and the
University of Alaska Pension Plan. The state’s defined contribution plans are the Public Employees’
Retirement System – Defined Contribution (PERS-DC) or the Teachers’ Retirement System-Defined
Contribution (TRS-DC).
Each of the plans noted above are described in more detail in the sections that follow. None of the
retirement systems or plans own any notes, bonds or other instruments of the university.
State of Alaska Public Employees’ Retirement System - Defined Benefit (PERS-DB)
Plan Description
PERS is a defined benefit, cost-sharing, multiple-employer public employee retirement plan established
and administered by the State of Alaska. The plan was originally established as an agent multipleemployer plan, but was converted by legislation to a cost-sharing plan, effective July 1, 2008.
PERS provides pension, postemployment health care, death and disability benefits to eligible
participants. Benefit and contribution provisions are established by state law and may be amended only
by the state legislature. Effective July 1, 2006, the state legislature closed PERS-DB to new members
and created a Public Employees’ Retirement System Defined Contribution Retirement Plan (PERSDC), disclosed later in this note.
Each fiscal year, PERS-DB issues a publicly available financial report which includes financial
statements and required supplementary information. That report may be obtained by writing to the
State of Alaska, Department of Administration, Division of Retirement and Benefits, P.O. Box 110203,
Juneau, Alaska, 99811-0203 or by calling (907) 465-4460.
Funding Policy and Annual Pension Cost
Employee contribution rates are 6.75 percent (7.5 percent for peace officers and firefighters). The
funding policy for PERS-DB provides for periodic employer contributions at actuarially determined
35
NOTES TO FINANCIAL STATEMENTS
rates that, expressed as a percentage of annual covered payroll, are sufficient to accumulate the assets to
pay benefits when due. The 2011 actuarially determined rate was 27.96 percent of applicable gross
pay. However, the employer contribution rate for the university was capped by the state at 22 percent
for fiscal year 2011.
The state appropriated funding directly to the PERS-DB plan as a relief payment to employers’
contributions for fiscal year 2011. The university recognized $10,456,189, $7,126,913, and
$16,724,174 for fiscal 2011, 2010 and 2009 respectively, in state on-behalf pension payments for the
PERS-DB plan. The amounts contributed to PERS-DB by the university during the years ended June
30, 2011, 2010 and 2009 were $26,390,066, $27,074,153, and $27,269,589, respectively, equal to the
required employer contributions for each year.
PERS Defined Benefit Pension Plan Changes
The Alaska legislature converted PERS-DB from an agent multiple-employer plan to a cost-sharing
plan effective July 1, 2008. This change provided for an integrated system of accounting for all
employers. Under the integrated system, the PERS-DB plans’ unfunded liability will be shared among
all employers with each contributing 22 percent of their covered payroll.
State of Alaska Teachers’ Retirement System - Defined Benefit (TRS-DB)
Plan Description
TRS-DB is a defined benefit, cost-sharing, multiple employer public employee retirement plan
established and administered by the State of Alaska. TRS-DB provides pension, postemployment
health care, death and disability benefits to participants. Benefit and contribution provisions are
established by state law and may be amended only by the state legislature. Effective July 1, 2006, the
state legislature closed TRS-DB to new members and created a Teachers’ Retirement System Defined
Contribution Retirement Plan (TRS-DC), disclosed later in this note.
Each fiscal year, TRS-DB issues a publicly available financial report which includes financial
statements and required supplementary information. That report may be obtained by writing to the
State of Alaska, Department of Administration, Division of Retirement and Benefits, P.O. Box 110203,
Juneau, Alaska, 99811-0203 or by calling (907) 465-4460.
Funding Policy and Annual Pension Cost
Employees contribute 8.65 percent of their base salary as required by state statute. The funding policy
for TRS-DB provides for periodic employer contributions at actuarially determined rates that, expressed
as percentages of annual covered payroll, are sufficient to accumulate the assets to pay benefits when
due. During fiscal year 2011, contractually required employee and employer contribution rates were
8.65 percent and 12.56 percent, respectively. The amounts contributed to TRS-DB by the university
during the years ended June 30, 2011, 2010 and 2009 were $5,243,968, $5,454,265, and $5,485,631,
respectively, equal to the required employer contributions for each year.
The actuarially determined employer contribution rate for 2011 was 38.56 percent. The state
appropriated funding directly to the TRS-DB plan to augment employer contributions for 2011. For
36
NOTES TO FINANCIAL STATEMENTS
fiscal year 2011, 2010 and 2009, the university recognized $11,382,779, $10,848,081, and $13,778,074,
respectively, in state on-behalf pension payments for the TRS-DB plan.
Defined Contribution Plans:
State of Alaska Public Employees’ Retirement System - Defined Contribution (PERS-DC)
Plan Description
PERS-DC is a defined contribution, cost-sharing, multiple-employer public employee retirement plan
established and administered by the State of Alaska to provide pension and postemployment healthcare
benefits for eligible employees. Benefit and contribution provisions are established by state law and
may be amended only by the state legislature. PERS-DC was created by the state effective July 1,
2006. Plan savings are accumulated in individual retirement accounts for the exclusive benefit of each
member or beneficiary.
Funding Policy and Annual Pension Cost
The employee contribution rate is eight percent and the employer effective contribution rate is 22
percent of covered payroll for fiscal years 2011 and 2010. For the years ended June 30, 2011 and 2010,
the university’s total covered payroll for the PERS-DC plan was approximately $7.0 million and $6.1
million, and contributions made by the university totaled $1,548,744 and $1,346,145, respectively.
On July 1, 2006, three pension trust sub-funds were created within PERS, the Retiree Major Medical
Insurance (RMP), Health Reimbursement Arrangement (HRA), and Occupation Death and Disability
(OD&D). RMP allows eligible members who retire directly from the plan to obtain medical benefits.
The HRA allows medical care expenses to be reimbursed from individual savings accounts established
for eligible persons. OD&D provides employees with benefits as a result of death or disability on the
job. PERS-DC participants are eligible members of RMP and HRA and their postemployment
healthcare benefits are paid out of these funds. The employer RMP contribution rates for fiscal year
2011 and 2010 are 0.55 and 0.83 percent for medical coverage and 0.31 and 0.30 percent (1.18 percent
for peace officers and firefighters) for occupational death and disability benefit contributions. For fiscal
years 2011 and 2010, the HRA employer contributions are $143.39 and $141.64 per month for full time
employees and $1.10 and $1.09 per hour for part time employees, respectively.
Each fiscal year, PERS-DC issues a publicly available financial report which includes financial
statements and required supplementary information. That report may be obtained by writing to the
State of Alaska, Department of Administration, Division of Retirement and Benefits, P.O. Box 110203,
Juneau, Alaska, 99811-0203 or by calling (907) 465-4460.
State of Alaska Teachers’ Retirement System - Defined Contribution (TRS-DC)
Plan Description
TRS-DC is a defined contribution, cost-sharing, multiple-employer public employee retirement plan
established and administered by the State of Alaska to provide pension and postemployment healthcare
benefits for teachers and other eligible employees. Benefit and contribution provisions are established
37
NOTES TO FINANCIAL STATEMENTS
by state law and may be amended only by the state legislature. TRS-DC was created by the state
effective July 1, 2006. Plan savings are accumulated in an individual retirement account for the
exclusive benefit of members or beneficiaries.
Funding Policy and Annual Pension Cost
The employee contribution rate is eight percent and the effective employer contribution rate is 12.56
percent of covered payroll for fiscal years 2011 and 2010. For the years ended June 30, 2011 and 2010,
the university’s total covered payroll for the TRS-DC plan was approximately $3.4 million and $2.7
million, and contributions made by the university totaled $429,910 and $333,253, respectively.
On July 1, 2006, two pension trust sub-funds were created in TRS, the Retiree Major Medical Insurance
(RMP) and Health Reimbursement Arrangement (HRA). The TRS Occupational Death and Disability
(OD&D) trust sub-fund was created on July 1, 2007. RMP allows eligible members who retire directly
from the plan to obtain medical benefits. The HRA allows medical care expenses to be reimbursed from
individual savings accounts established for eligible persons. OD&D provides employees with benefits
as a result of death or disability on the job. TRS-DC participants are eligible members of RMP and
HRA and their postemployment healthcare benefits are paid out of these funds. The employer RMP
contribution rate for fiscal year 2011 and 2010 for each member’s compensation was 0.68 and 1.03
percent for medical coverage, and 0.28 and 0.32 percent for occupational death and disability benefit
contributions. For fiscal years 2011 and 2010, the HRA employer contributions are $143.39 and
$141.64 per month for full time employees and $1.10 and $1.09 per hour for part time employees,
respectively.
Each fiscal year, TRS-DC issues a publicly available financial report which includes financial
statements and required supplementary information. That report may be obtained by writing to the
State of Alaska, Department of Administration, Division of Retirement and Benefits, P.O. Box 110203,
Juneau, Alaska, 99811-0203 or by calling (907) 465-4460.
University of Alaska Optional Retirement Plan (ORP)
Plan Description
The ORP is an employer funded defined contribution plan which operates in conjunction with a
companion mandatory tax-deferred annuity plan. The ORP is comprised of three layers of participants,
the original ORP or ORP Tier 1, ORP Tier 2 which was created for participants hired on or after July 1,
2005, and ORP Tier 3 which was created for participants hired on or after July 1, 2006. For ORP Tier 1
and ORP Tier 2, faculty classified as regular and certain administrators made a one-time election to
participate in the ORP as an alternative to participation in the defined benefit plans, PERS-DB or TRSDB. For ORP Tier 3, each new eligible employee may make a one-time election to participate in the
University of Alaska Retirement Program (includes ORP Tier 3 and the University of Alaska Pension
Plan) as an alternative to participation in the State of Alaska defined contribution plans, PERS-DC or
TRS-DC.
38
NOTES TO FINANCIAL STATEMENTS
Funding Policy and Annual Pension Cost
ORP Tier 1
The ORP Tier 1 participants make employee contributions to one of the plan’s annuity programs at a
rate of 8.65 percent of covered payroll. The university contributes to one of the plan’s authorized
employee-selected annuity providers or investment managers at a rate equal to the three-year moving
average of the TRS-DB employer contribution rates (12.56 percent for 2011 and 2010).
In fiscal year 2011 and 2010, the university’s total covered payroll for the ORP Tier 1 plan was
approximately $49.4 million and $50.8 million, respectively. The amounts contributed to the ORP Tier
1 by the university during the years ended June 30, 2011, 2010 and 2009 were $6,203,129, $6,381,618,
and $8,462,414, respectively.
ORP Tier 2
The ORP Tier 2 participants make employee contributions to one of the plan’s annuity programs at a
rate of 8.65 percent of covered payroll. The university contributes to one of the plan’s authorized
employee-selected annuity providers or investment managers at a rate of 12 percent of covered payroll
for fiscal years 2011 and 2010.
In fiscal year 2011 and 2010, the university’s total covered payroll for the ORP Tier 2 plan was
approximately $3.6 million and $3.7 million, respectively. The amounts contributed to the ORP Tier 2
by the university during the years ended June 30, 2011, 2010 and 2009 were $429,824, $446,041, and
$541,237, respectively. The ORP Tier 2 plan was available for new ORP benefit-eligible employees
hired in fiscal year 2006. As of July 1, 2006, the ORP Tier 2 plan was no longer available to newlyhired ORP benefit-eligible employees.
ORP Tier 3
The ORP Tier 3 is eligible for employees hired on or after July 1, 2006. The ORP Tier 3 participants
make employee contributions to one of the plan’s annuity programs at a rate of eight percent of covered
payroll. The university contributes to one of the plan’s authorized employee-selected annuity providers
or investment managers at a rate of 12 percent of covered payroll.
In fiscal years 2011 and 2010, the university’s total covered payroll for the ORP Tier 3 plan was
approximately $73.8 million and $62.0 million, respectively. The amounts contributed to the ORP Tier
3 by the university during the years ended June 30, 2011, 2010 and 2009 were $8,850,715, $7,436,012,
and $5,596,529, respectively.
Plan Assets
At June 30, 2011 and 2010, plan assets (participants’ accounts attributable to employer contributions)
for ORP Tier 1, Tier 2 and Tier 3 had a net value of approximately $143.8 million and $113.8 million,
respectively. ORP Tier 1 and ORP Tier 2 participants are 100 percent vested at all times. University
contributions for ORP Tier 3 participants are 100 percent vested after three years of service.
39
NOTES TO FINANCIAL STATEMENTS
University of Alaska Pension Plan (Pension)
Plan Description
In addition to the other retirement plans, substantially all regular employees (hired before July 1, 2006)
and certain faculty classified as temporary, participate in the Pension plan which was established
January 1, 1982, when the university withdrew from the federal social security program. Eligible
employees, hired on or after July 1, 2006, electing to participate in the University of Alaska Retirement
Program also participate in the Pension plan.
Funding Policy and Annual Pension Cost
Effective January 1, 2011, employer contributions for regular employees were 7.65 percent of covered
wages up to $42,000 and $106,800 in 2011 for certain faculty classified as temporary. The plan
provides for employer contributions to be invested in accordance with participant-directed investment
elections to the plan's fixed income and/or equity funds. Participants hired before July 1, 2006 are 100
percent vested at all times. University contributions for participants hired on or after July 1, 2006 are
100 percent vested after three years of service.
Plan Assets
In 2011 and 2010, the university's total covered payroll for the Pension plan was approximately $176.2
million and $174.8 million, respectively. The university's costs to fund and administer the plan totaled
$13.5 million, or 7.65 percent of covered payroll. At June 30, 2011 and 2010, plan assets (participants'
accounts) had a net value of approximately $317.2 million and $275.6 million, respectively.
13.
Insurance and Risk Management:
The university is exposed to a wide variety of risks including property loss, bodily and personal injury,
intellectual property, errors and omissions, aviation and marine. Exposures are handled with a
combination of self-insurance, commercial insurance, and membership in a reciprocal risk retention
group.
The university is self-insured up to the maximum of $2.0 million per occurrence for casualty claims and
$250,000 for property claims. Commercial carriers provide coverage in excess of these amounts.
Health care, workers’ compensation and unemployment claims are fully self-insured. Liabilities have
been established using actuarial analysis to cover estimates for specific reported losses, estimates for
unreported losses based upon past experience modified for current trends, and estimates of expenses for
investigating and settling claims.
Health, general liability and worker’s compensation liabilities were reduced by $2.8 million, $6.1
million and $3.2 million, respectively, in 2011 to bring the balances closer to actuarial estimates. The
effect is shown in the provision for claims. The claims payment for general liability includes an internal
repayment of a settlement totaling $1.7 million.
40
NOTES TO FINANCIAL STATEMENTS
Changes in applicable liability amounts follow ($ in thousands):
Health
General liability
Workers’ compensation
Unemployment
Health
General liability
Workers’ compensation
Unemployment
Health
General liability
Workers’ compensation
Unemployment
14.
Balance
July 1, 2010
$
8,975
6,863
6,690
235
$
22,763
Provision for
Claims
$
64,113
(3,215)
(1,052)
993
$
60,839
Claims
Payments
$
(66,926)
(718)
(1,139)
(976)
$
(69,759)
Balance
July 1, 2011
$
6,162
2,930
4,499
252
$
13,843
Balance
July 1, 2009
$
8,392
5,613
5,991
138
$
20,134
Provision for
Claims
$
60,333
1,591
1,973
813
$
64,710
Claims
Payments
$
(59,750)
(341)
(1,274)
(716)
$
(62,081)
Balance
July 1, 2010
$
8,975
6,863
6,690
235
$
22,763
Balance
July 1, 2008
$
7,798
5,362
6,051
72
$
19,283
Provision for
Claims
$
56,365
932
1,555
493
$
59,345
Claims
Payments
$
(55,771)
(681)
(1,615)
(427)
$
(58,494)
Balance
July 1, 2009
$
8,392
5,613
5,991
138
$
20,134
Commitments and Contingencies:
Amounts received and expended by the university under various federal and state grants, contracts and
other programs are subject to audit and potential disallowance. From time to time the university is
named as a defendant in legal proceedings or cited in regulatory actions related to the conduct of its
operations.
In the normal course of business, the university also has various other commitments and contingent
liabilities which are not reflected in the accompanying financial statements. In the opinion of
management, the university will not be affected materially by the final outcome of any of these
proceedings, or insufficient information exists to make an opinion.
41
NOTES TO FINANCIAL STATEMENTS
On June 5, 2009 a group of beneficiaries of the Optional Retirement Plan (ORP) filed a class-action
lawsuit entitled Abel Bult-Ito et al., v. State of Alaska, University of Alaska, et al., Case No. 3AN-097875 CI, in the Superior Court for the State of Alaska, Third Judicial District at Anchorage, against the
State of Alaska and the University.
The group of beneficiaries alleges, among other things, that State legislation passed in 2007 and 2008
unconstitutionally diminished contributions to the ORP. The case is currently set for trial the week of
January 30, 2012. The likelihood of success on the merits of the case is unknown as is the financial
impact on the university.
The university received a Potentially Responsible Party (PRP) letter from the Alaska Department of
Environmental Conservation (ADEC) in August 2006. The letter identified the university as one of the
potential parties that may be responsible for cleanup costs of soil contamination found during a water
line improvement project next to Northwest Campus property. The extent of the contamination source,
the number of potentially responsible parties, and remediation costs are being assessed but the outcome
is unknown.
15.
University of Alaska Foundation:
The University of Alaska Foundation (foundation) is a legally separate, non profit organization formed
in 1974 to solicit donations for the exclusive benefit of the University of Alaska. During 2011 and
2010, the university transferred $1.2 million and $0.9 million for general support, respectively. For the
same periods, the foundation reimbursed the university for operating expenses totaling $2.6 million.
For the years ended June 30, 2011 and 2010, distributions and expenditures by the foundation for the
benefit of the university totaled $13.7 million and $13.3 million, of which $12.6 million and $12.6
million were direct reimbursements to the university. Additionally, the foundation owed the university
$1.8 million at June 30, 2011 and $1.7 million at June 30, 2010, primarily for reimbursement of
expenditures on funding provided by the foundation.
The investable resources of the university’s land grant endowment trust fund and the foundation’s
pooled endowment funds are combined into a consolidated endowment fund for investment purposes.
At June 30, 2011 and 2010, the fair value of the fund was $257.3 million and $216.2 million,
respectively. The university’s share of this fund was $125.4 million and $114.2 million, respectively,
which is reflected in endowment investments.
The fund is managed by the foundation’s investment committee and treasurer on a total return basis in
accordance with an investment policy approved by the Board of Regents. The net assets and related
activity for the university’s land grant endowment trust’s investment in the fund is reflected in the
university’s financial statements.
42
NOTES TO FINANCIAL STATEMENTS
16.
Functional Classifications with Natural Classifications:
The university’s operating expenses by natural classification for 2011 and 2010 were as follows ($ in
thousands):
Compensation Contractual
& Benefits
Services
Materials
Instruction
$
172,558
$
26,078
$ 11,079
Other
$
938
Student
Aid
Depreciation
$
$
-
Total
-
$ 210,653
Academic support
46,644
7,506
7,237
66
-
-
61,453
Research
94,177
36,540
9,279
457
-
-
140,453
Public service
24,666
10,607
1,911
363
-
-
37,547
Student services
37,579
11,420
3,086
89
-
-
52,174
Operations and maintenance
29,012
20,063
13,263
434
-
-
62,772
Institutional support
71,208
11,428
4,011
303
-
86,950
-
27,280
-
37,947
Student aid
-
Auxiliary enterprises
-
9,741
17,538
-
-
-
-
State on-behalf payments
-
-
-
$
485,585
$ 141,180
-
10,573
Depreciation
$ 60,439
$
169,993
$
25,774
$ 11,166
27,280
95
-
-
-
21,839
57,170
-
-
$ 24,584
$ 27,280
$
Other
Student
Aid
Depreciation
$
$
Compensation Contractual
& Benefits
Services
Materials
Instruction
-
$
931
-
57,170
57,170
21,839
$ 796,238
Total
-
$ 207,864
Academic support
44,005
7,259
7,116
74
-
-
58,454
Research
91,774
32,597
10,379
295
-
-
135,045
Public service
26,451
11,708
2,353
349
-
-
40,861
Student services
36,969
10,763
3,031
51
-
-
50,814
Operations and maintenance
27,633
19,180
12,415
593
-
-
59,821
Institutional support
69,982
11,915
3,349
2,613
-
-
87,859
-
-
-
-
20,965
-
20,965
9,944
18,991
11,200
266
-
-
40,401
Depreciation
-
-
-
-
-
58,228
58,228
State on-behalf payments
-
-
-
17,975
-
-
17,975
Student aid
Auxiliary enterprises
$
476,751
$ 138,187
$ 61,009
$ 23,147
$ 20,965
$
58,228
$ 778,287
43
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44
Supplemental
Schedules
45
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46
47
LIABILITIES
Current liabilities:
Accounts payable and accrued expenses
Accrued annual leave
Deferred reveune
Deferred lease revenue - current portion
Long-term debt - current portion
Total current liabilities
Noncurrent liabilities:
Capital appropriation advances
Deferred lease revenue
Long-term debt
Security deposits and other liabilities
Total noncurrent liabilities
Total liabilities
Interfund
NET ASSETS
Invested in capital assets, net of related debt
Restricted expendable
Restricted nonexpendable
Unrestricted
Total net assets
ASSETS
Current assets:
Cash and short-term investments
Accounts receivable, net
Inventories
Other assets
Total current assets
Noncurrent assets:
Restricted cash and long-term investments
Notes receivable
Endowment investments
Land Grant Trust property and other assets
Education Trust of Alaska
Capital assets, net of depreciation
Total noncurrent assets
Total assets
UNIVERSITY OF ALASKA
Statement of Net Assets
GASB 35 Presentation
By Major Administrative Unit
June 30, 2011
2,088
1,545,000
5,131,004
6,678,092
68,842,478
54,593,176
16,131,659
24,006,876
127,964,315
54,903,852
223,006,702
835,564,542
30,825,143
129,316,670
126,915,345
$ 1,122,621,700
49,810,431
3,219,056
127,336,776
44,555,912
11,857,363
16,131,659
252,911,197
346,442,355
88,383,392
3,541,536
1,474,530
131,700
93,531,158
5,678,074
2,241,750
107,579,346
5,131,004
120,630,174
235,841,913
-
$
$
50,165,809
11,876,309
2,268
120,000
62,164,386
50,870,953
3,219,056
127,379,683
45,254,418
11,857,363
952,897,526
1,191,478,999
1,358,463,613
85,692,049
73,739,007
6,875,250
678,308
166,984,614
82,032,698
11,876,309
13,064,272
1,281,000
6,957,460
115,211,739
$
Total
Statewide
Programs
and Services
$
$
427,465,462
2,707,506
626,783
37,583,402
468,383,153
4,145,031
2,241,750
50,166,505
56,553,286
90,665,882
(21,912,918)
21,284,107
7,690,728
1,281,000
3,856,761
34,112,596
1,044,560
684,212
485,793,111
487,521,883
537,136,118
(1,188,726)
46,345,296
4,073,119
384,546
49,614,235
University of
Alaska
Fairbanks
$
$
320,581,512
3,610,903
725,572
26,841,879
351,759,866
1,253,119
44,633,841
45,886,960
62,254,575
(25,180,441)
9,462,893
4,428,023
2,476,699
16,367,615
10,962
42,907
14,294
367,841,123
367,909,286
388,834,000
(1,333,097)
21,094,779
1,069,474
93,558
20,924,714
University of
Alaska
Anchorage
$
$
53,947,985
498,660
6,969,276
61,415,921
232,495
11,234,000
11,466,495
13,742,484
(6,936,981)
869,305
902,684
504,000
2,275,989
5,000
65,693,709
65,698,709
68,221,424
(180,210)
2,385,038
258,127
59,760
2,522,715
University of
Alaska
Southeast
$
$
17,437,924
1,198
616,936
18,056,058
45,341
45,341
336,494
(562,836)
250,584
40,569
291,153
17,437,924
17,437,924
17,829,716
8,744
391,792
10,690
372,358
Prince
William
Sound
Schedule 0.1
Sheet 1 of 1
48
Operating loss
Federal grants and contracts
State grants and contracts
Local grants and contracts
Private grants and contracts
Federal appropriations
Local appropriations
Sales and services, educational departments
Sales and services, auxiliary enterprises,
net of tuition allowance
Other
Total operating revenues
Operating expenses:
Instruction
Academic support
Research
Public service
Student service
Operations and maintenance
Institutional support
Student aid
Auxiliary enterprises
Depreciation
State on-behalf payments - pension
Total operating expenses
Operating revenues:
Student tuition and fees
less tuition allowance
$
(398,672,864)
(37,427,643)
5,847,427
117,657
3,136,238
1,573,341
35,351,175
96,997
1,931,090
1,070,714
49,124,639
210,652,605
61,453,244
140,452,518
37,547,031
52,174,054
62,772,095
86,950,071
27,280,481
37,946,773
57,170,406
21,838,967
796,238,245
1,078,649
(118,872)
959,777
1,550,135
1,948,591
(90)
5,629,193
488,802
1,120,588
11,696,996
$
Statewide
Programs
and Services
39,264,976
22,696,024
397,565,381
130,541,528
(14,437,551)
116,103,977
144,637,142
15,638,487
3,719,846
47,276,186
3,231,367
782,000
4,215,376
Total
UNIVERSITY OF ALASKA
Statements of Revenues, Expenses and Changes in Net Assets
GASB 35 Presentation
By Major Administrative Unit
June 30, 2011
$
(173,968,249)
84,473,038
31,183,707
124,841,129
21,145,164
20,046,993
34,606,813
23,611,476
10,270,455
15,022,465
31,062,904
10,526,682
406,790,826
14,935,485
14,505,970
232,822,577
43,169,282
(4,840,752)
38,328,530
116,243,713
7,640,621
2,549,232
33,466,971
3,222,567
1,929,488
University of
Alaska
Fairbanks
$
(150,169,312)
100,106,311
23,400,469
14,859,130
12,710,356
28,014,284
20,236,134
20,166,866
15,256,880
18,997,878
19,311,307
8,746,343
281,805,958
21,843,859
5,845,542
131,636,646
72,903,793
(8,111,957)
64,791,836
23,441,226
5,404,178
1,130,326
7,420,868
8,800
72,000
1,678,011
University of
Alaska
Anchorage
(33,015,566)
17,803,757
6,050,166
752,259
340,180
3,522,863
5,415,164
6,979,606
1,597,407
3,674,302
4,049,434
1,280,888
51,466,026
2,365,467
1,080,308
18,450,460
$ 12,439,819
(1,365,970)
11,073,849
2,882,397
298,051
40,378
598,577
111,433
University of
Alaska
Southeast
$
(4,092,094)
2,422,072
701,245
215,093
589,914
940,643
840,948
58,742
252,128
815,671
214,340
7,050,796
120,165
143,616
2,958,702
949,985
949,985
519,671
347,046
160,577
710,000
7,642
Prince
William
Sound
Schedule 0.2
Sheet 1 of 2
49
Income (Loss) before other revenues,
expenses, gains or losses
Capital appropriations, grants and contracts
Loss (income) before extraordinary item
Transfers
Net F&A recovery (cost)
Net increase (decrease) in net assets
Net assets
Net assets - beginning of year
Net assets - end of year
Nonoperating revenues (expenses):
State appropriations
State on-behalf contributions - pension
Investment earnings
Endowment investment income (loss)
Endowment sales and other proceeds
Interest on debt
Federal student financial aid
Other nonoperating revenues (expenses)
Net nonoperating revenues
204,477,441
$ 223,006,702
29,682,429
1,070,714
3,977,796
20,890,728
(2,058,651)
(68,577)
25,958
53,520,397
989,862,108
$ 1,122,621,700
$
16,092,754
280,256
16,373,010
(2,049,378)
4,205,629
18,529,261
346,644,220
21,838,967
3,970,910
20,890,728
1,886,829
(4,400,374)
24,691,590
(1,869,599)
413,653,271
Statewide
Programs
and Services
14,980,407
117,779,185
132,759,592
132,759,592
$
Total
UNIVERSITY OF ALASKA
Statements of Revenues, Expenses and Changes in Net Assets
GASB 35 Presentation
By Major Administrative Unit
June 30, 2011
397,139,554
$ 468,383,153
2,309,757
74,314,144
76,623,901
(1,833,970)
(3,546,332)
71,243,599
$ 160,674,855
10,526,682
(34,867)
1,618,115
(2,191,281)
7,455,087
(1,770,585)
176,278,006
University of
Alaska
Fairbanks
315,496,448
$ 351,759,866
(889,004)
34,739,497
33,850,493
3,017,947
(605,022)
36,263,418
$ 124,649,570
8,746,343
23,110
2,108,740
(1,608,643)
15,397,947
(36,759)
149,280,308
University of
Alaska
Anchorage
58,283,167
$ 61,415,921
(2,055,771)
4,227,071
2,171,300
1,014,210
(52,756)
3,132,754
$ 28,236,941
1,280,888
4,871
218,625
(531,873)
1,838,556
(88,213)
30,959,795
University of
Alaska
Southeast
(477,329)
4,218,217
3,740,888
(148,809)
(1,519)
3,590,560
3,400,425
214,340
3,614,765
14,465,498
$ 18,056,058
$
Prince
William
Sound
Schedule 0.2
Sheet 2 of 2
UNIVERSITY OF ALASKA
Balance Sheet
June 30, 2011
Current Funds
Unrestricted
Student
Loan
Funds
Restricted
ASSETS
Cash and investments
Education Trust of Alaska
Accounts and notes receivable, less allowance
of $7,613,814
State appropriations receivable
Inventories
Other assets
Investment in plant, net
Total assets
$
-
-
-
11,370,655
46,332,095
83,319
-
-
-
124,398,850
$
684,616
6,870,977
501,770
1,226
-
-
$
$
143,142,252
$
47,017,937
$
83,319
$
58,855,098
2,987,603
11,876,309
$
2,267,443
310
$
LIABILITIES
Accounts payable and accrued expenses
Security deposits and other liabilities
Accrued annual leave
Capital appropriation advances
Deferred revenue
Deferred lease revenue
Long-term debt
Total liabilities
Interfund
-
-
5,399,511
7,664,761
-
-
-
79,118,521
9,932,514
-
(18,367,795)
36,706,628
(110,964)
FUND BALANCES
Unrestricted:
Designated
General
Retirement of indebtedness
Renewals and replacements
Undesignated
Restricted:
Grants refundable
Established by donors
Education Trust of Alaska
Unexpended plant
Retirement of indebtedness
Net investment in plant
19,895,402
Total fund balances
Total liabilities and fund balances
50
-
62,496,124
$
-
-
378,795
-
-
194,283
82,391,526
378,795
194,283
143,142,252
$
47,017,937
$
83,319
Schedule 0.3
Sheet 1 of 1
Education
Trust of Alaska
Fund
Endowment
Funds
$
126,067,330
$
-
Plant
Funds
$
Agency
Funds
12,785,677
$
Total
Funds
6,210
-
11,857,362
-
-
5,319,056
236,007
-
-
1,213,159
6,159,832
-
-
4,273
175,312
943,330,905
-
45,254,418
-
$
263,942,683
11,857,362
64,554,291
6,159,832
6,875,250
45,932,726
943,330,905
$
176,640,804
$
12,093,369
$
963,664,885
$
10,483
$
1,342,653,049
$
15,111
8,810
$
513,806
4,491,144
$
8,096,896
$
60,120
2,400,738
$
69,808,474
9,888,605
11,876,309
6,900,754
13,064,272
3,522,750
114,536,807
229,597,971
1,665,000
3,522,750
112,871,807
-
1,688,921
5,004,950
131,392,207
2,460,858
(16,296,494)
(2,450,375)
536,404
6,900,754
-
(17,404)
-
28,600,562
-
4,034,328
12,140,526
-
-
91,096,686
4,034,328
12,140,526
19,895,402
378,795
146,009,200
7,105,823
1,946,605
4,664,622
825,783,091
1,113,055,078
-
7,105,823
-
1,946,605
4,664,622
825,783,091
-
174,415,479
7,105,823
848,569,172
-
176,640,804
$
12,093,369
$
963,664,885
$
-
-
-
145,814,917
$
-
-
10,483
$
1,342,653,049
51
UNIVERSITY OF ALASKA
Statement of Change in Fund Balance
Year Ended June 30, 2011
Current Funds
Unrestricted
Revenues and other additions:
Tuition and fees, net
State appropriations - operating
State on-behalf contributions - pension
State appropriations - capital or other
Federal appropriations
Local appropriations
Federal grants and contracts
State grants and contracts
Local grants and contracts
Private grants and contracts
Investment income
Endowment proceeds, investment income (loss)
Sales and services, educational departments
Sales and services, auxiliary enterprises
Recovery of facilities and administrative costs
Other income
Additions for plant facilities
Retirement of indebtedness
$
Total revenues and other additions
Expenditures and other deductions:
Educational and general expenditures
Instruction
Academic support
Research
Public service
Student service
Operations and maintenance
Institutional support
Student aid
Auxiliary enterprises
Facilities and administrative costs recovered
On-behalf payments
Depreciation expense
Loss on disposal of equipment
Retirement of indebtedness
Interest on indebtedness
Expended for plant facilities
Other
Increase in net indebtedness
Total expenditures and other deductions
116,103,977
346,644,220
21,838,967
782,000
71,731
13,287
20,202
5,758,154
631,152
3,321,150
3,741,117
41,063,408
33,736,757
22,454,144
-
Student
Loan
Funds
Restricted
$
3,222,567
192,276,603
17,975,507
3,699,644
40,687,801
26
931
474,259
241,879
-
$
Endowment
and Similar
Funds
110
-
$
8,800
830,232
19,455,476
-
596,180,266
258,579,217
110
20,294,508
189,575,351
57,937,025
38,094,280
15,923,324
48,262,262
61,646,420
86,605,060
8,276,733
40,363,917
501,935
21,838,967
-
24,599,217
5,022,429
108,076,145
51,415,655
4,298,513
228,050
799,548
19,003,748
32,984,160
-
-
(115,000)
75,498
-
569,025,274
246,427,465
-
(39,502)
Transfers between funds:
Mandatory:
Principal and interest, educational plant
Principal and interest, auxiliary enterprises
Endowment
Nonmandatory
(10,660,466)
(3,049,424)
31
(1,354,071)
31
(12,361,353)
-
(62)
(5,733,566)
Net transfers between funds
(15,063,930)
(12,361,322)
-
(209,570)
588,365
110
194,173
Net increase (decrease) in fund balances
Fund balances at beginning of year
Fund balances at end of year
52
12,091,062
70,300,464
$
82,391,526
$
378,795
$
194,283
(5,733,628)
14,600,382
159,815,097
$
174,415,479
Schedule 0.4
Sheet 1 of 1
Education
Trust of Alaska
Fund
Unexpended
Retirement of
Indebtedness
$
$
$
$
3,355,186
-
75,082,008
7,832,513
3,836,835
192,128
(65,263)
-
Plant Funds
Renewals and
Replacements
(83,244)
-
$
3,213
-
$
$
364,461
-
250,661
98,422,764
3,117,715
-
6,763,373
4,441,317
36,015
-
-
57,170,406
1,925,243
(129,730)
214,174,568
62,959,454
146,170,425
67,338,979
52,560,775
61,874,470
87,404,608
27,280,481
40,363,917
33,736,756
21,838,967
57,170,406
1,925,243
6,648,373
4,441,317
98,422,764
3,593,689
(129,730)
364,461
101,791,140
11,240,705
-
58,965,919
987,775,462
-
14,938,995
10,660,466
3,049,424
80,580
3,148,415
1,281,000
-
-
14,938,995
13,790,470
3,148,415
1,281,000
-
2,990,725
4,115,098
26,076
1,920,529
2,466,521
6,232,429
3,151,628
8,988,898
92,176,867
733,606,224
127,293,801
985,761,277
1,946,605
$
8,698,950
$
12,140,526
149,861,786
116,103,977
346,644,220
21,838,967
75,082,008
3,231,367
782,000
200,180,847
21,825,629
3,719,846
47,468,315
3,841,180
22,777,557
4,215,376
41,063,408
33,736,757
22,696,023
143,213,413
6,648,373
86,878,221
$
3,213
143,213,413
6,648,373
Total
3,355,186
7,105,823
(83,244)
Investment
in Plant
$
825,783,091
1,115,069,263
$
1,113,055,078
53
54
FUND BALANCES
Total liabilities and fund balances
Total fund balances
Unrestricted:
Designated
Undesignated
Interfund
Total liabilities
Accounts payable and accrued expenses
Deposits held in custody for others
Accrued annual leave
Deferred revenue
LIABILITIES
Total assets
Cash and investments
Accounts and notes receivable
net of allowance for:
unrestricted receivables $2,695,632
restricted receivables $1,129,783
Inventories
Other assets
ASSETS
UNIVERSITY OF ALASKA
Unrestricted Current Funds
Balance Sheet
By Major Administrative Unit
June 30, 2011
82,391,526
62,496,124
19,895,402
(18,367,795)
79,118,521
58,855,098
2,987,603
11,876,309
5,399,511
$ 143,142,252
$
23,675,288
21,547,419
2,127,869
47,330,783
63,976,499
51,459,186
641,004
11,876,309
-
$ 134,982,570
$
$ 134,982,570
1,345,918
1,474,530
130,474
11,370,655
6,870,977
501,770
$ 143,142,252
$ 132,031,648
$ 124,398,850
Total
Statewide
Programs
and Services
Schedule 1.1
$ 2,548,703
32,219,740
24,608,467
7,611,273
(36,056,872)
6,385,835
$ 3,075,748
1,578,735
1,731,352
$ 2,548,703
1,970,599
4,073,119
259,234
$ (3,754,249)
University of
Alaska
Fairbanks
Schedule 1.2
$
$
$
4,730,088
20,814,678
12,674,329
8,140,349
(23,558,111)
7,473,521
3,967,517
700,194
2,805,810
4,730,088
6,807,014
1,069,474
93,558
$ (3,239,958)
University of
Alaska
Anchorage
Schedule 1.3
$
$
$
$
740,853
5,064,884
3,138,316
1,926,568
(5,495,975)
1,171,944
264,565
65,070
842,309
740,853
1,126,519
253,854
9,760
(649,280)
University of
Alaska
Southeast
Schedule 1.4
$
$
$
$
140,038
616,936
527,593
89,343
(587,620)
110,722
88,082
2,600
20,040
140,038
8,744
120,605
10,689
Prince
William
Sound
Schedule 1.5
Schedule 1.0
Sheet 1 of 1
55
UNIVERSITY OF ALASKA
Unrestricted Current Funds
Balance Sheet
Statewide Programs and Services
June 30, 2011
FUND BALANCES
Total liabilities and fund balances
Unrestricted:
Designated
Undesignated
Total fund balances
Interfund
Total liabilities
Accounts payable and accrued expenses
Deposits held in custody for others
Accrued annual leave
Deferred revenue
LIABILITIES
Total assets
Cash and investments
Accounts and notes receivable
net of allowance for:
unrestricted receivables $3,613
restricted receivables $8,838
Inventories
Other assets
ASSETS
$
$
$
$
134,982,570
21,547,419
2,127,869
23,675,288
47,330,783
63,976,499
51,459,186
641,004
11,876,309
-
134,982,570
1,345,918
1,474,530
130,474
132,031,648
Statewide
Programs
and Services
Schedule 1.1
Sheet 1 of 1
56
FUND BALANCES
Total liabilities and fund balances
Total fund balances
Unrestricted:
Designated
Undesignated
Interfund
Total liabilities
Accounts payable and accrued expenses
Deposits held in custody for others
Deferred revenue
LIABILITIES
Total assets
Cash and investments
Accounts and notes receivable
net of allowance for:
unrestricted receivables $232,537
restricted receivables $736,751
Inventories
Other assets
ASSETS
$
$
$
$
2,548,703
32,219,740
24,608,467
7,611,273
(36,056,872)
6,385,835
3,075,748
1,578,735
1,731,352
2,548,703
1,970,599
4,073,119
259,234
(3,754,249)
University
of Alaska
Fairbanks
Note: University of Alaska Fairbanks fund structure does not provide for reporting balance sheet information by campus.
UNIVERSITY OF ALASKA
Unrestricted Current Funds
Balance Sheet
University of Alaska Fairbanks
June 30, 2011
Schedule 1.2
Sheet 1 of 1
57
FUND BALANCES
Total liabilities and fund balances
Unrestricted:
Designated
Undesignated
Total fund balances
Interfund
Total liabilities
Accounts payable and accrued expenses
Deposits held in custody for others
Deferred revenue
LIABILITIES
Total assets
Cash and investments
Accounts and notes receivable
net of allowance for:
unrestricted receivables $2,358,314
restricted receivables $342,828
Inventories
Other assets
ASSETS
UNIVERSITY OF ALASKA
Unrestricted Current Funds
Balance Sheet
University of Alaska Anchorage
June 30, 2011
$
$
4,730,088
12,674,329
8,140,349
20,814,678
(23,558,111)
7,473,521
3,967,517
700,194
2,805,810
4,730,088
$
$
$
4,018,583
10,963,937
7,392,843
18,356,780
(21,435,591)
7,097,394
3,963,429
696,880
2,437,085
4,018,583
6,309,729
883,643
84,913
6,807,014
1,069,474
93,558
$
$ (3,259,702)
Anchorage
$ (3,239,958)
Total
$
$
$
$
551,482
676,698
355,000
1,031,698
(725,769)
245,553
(30,085)
275,638
551,482
409,353
128,610
6,003
7,516
Kenai
Peninsula
$
$
$
$
99,678
375,297
113,301
488,598
(390,566)
1,646
2,095
969
(1,418)
99,678
55,058
38,221
1,842
4,557
Kodiak
$
$
$
$
60,345
658,397
279,205
937,602
(1,006,185)
128,928
32,078
2,345
94,505
60,345
32,874
19,000
800
7,671
MatanuskaSusitna
Schedule 1.3
Sheet 1 of 1
58
FUND BALANCES
Total liabilities and fund balances
Total fund balances
Unrestricted:
Designated
Undesignated
Interfund
Total liabilities
Accounts payable and accrued expenses
Deposits held in custody for others
Deferred revenue
LIABILITIES
Total assets
Cash and investments
Accounts and notes receivable
net of allowance for:
unrestricted receivables $79,272
restricted receivables $41,366
Inventories
Other assets
ASSETS
UNIVERSITY OF ALASKA
Unrestricted Current Funds
Balance Sheet
University of Alaska Southeast
June 30, 2011
$
$
$
$
740,853
5,064,884
3,138,316
1,926,568
(5,495,975)
1,171,944
264,565
65,070
842,309
740,853
1,126,519
253,854
9,760
(649,280)
Total
$
$
$
$
347,921
4,352,496
2,807,306
1,545,190
(5,051,461)
1,046,886
157,028
65,070
824,788
347,921
797,138
219,271
8,062
(676,550)
Juneau
$
$
$
$
218,792
166,964
82,636
84,328
47,188
4,640
(1,232)
5,872
218,792
166,554
28,609
-
23,629
Ketchikan
$
$
$
$
174,140
545,424
248,374
297,050
(491,702)
120,418
108,769
11,649
174,140
162,827
5,974
1,698
3,641
Sitka
Schedule 1.4
Sheet 1 of 1
59
UNIVERSITY OF ALASKA
Unrestricted Current Funds
Balance Sheet
Prince William Sound
June 30, 2011
FUND BALANCES
Total liabilities and fund balances
Total fund balances
Unrestricted:
Designated
Undesignated
Interfund
Total liabilities
Accounts payable and accrued expenses
Deposits held in custody for others
Deferred revenue
LIABILITIES
Total assets
Cash and investments
Accounts and notes receivable
net of allowance for:
unrestricted receivables $21,896
Other assets
ASSETS
$
$
$
$
140,038
616,936
527,593
89,343
(587,620)
110,722
88,082
2,600
20,040
140,038
120,605
8,744
10,689
Prince
William
Sound
Schedule 1.5
Sheet 1 of 1
60
Revenues and other additions
Educational and general
Tuition and fees, net
State appropriations
State on-behalf contributions - pension
Local appropriations
Federal grants and contracts
State grants and contracts
Local grants and contracts
Private grants and contracts
Investment income
Endowment investment income
Endowment sales and other proceeds
Sales and services, educational departments
Recovery of facilities and administrative costs
Other sources
Total educational and general
Auxiliary enterprises revenues
Total revenues and other additions
Expenditures and other deductions
Educational and general
Instruction
Academic support
Research
Public service
Student service
Operation and maintenance of plant
General administration and institutional expense
Student aid
Facilities and administrative costs recovered
Total educational and general expenditures
Auxiliary enterprises expenditures
State on-behalf payments
Total expenditures and other deductions
UNIVERSITY OF ALASKA
Unrestricted Current Funds
Statement of Changes in Fund Balances
By Major Administrative Unit
Year Ended June 30, 2011
189,575,351
57,937,025
38,094,280
15,923,324
48,262,262
61,646,420
86,605,060
8,276,733
501,935
506,822,390
40,363,917
21,838,967
569,025,274
$ 116,103,977
346,644,220
21,838,967
782,000
71,731
13,287
20,202
5,758,154
631,152
1,339,120
1,982,030
3,741,117
33,736,757
22,454,144
555,116,858
41,063,408
596,180,266
Total
$
2,964,772
117,934
731,930
1,650,836
34,145,869
96,997
39,708,338
1,070,714
40,779,052
959,777
29,682,429
1,070,714
2,605,379
647,868
1,339,120
(2,135,150)
455,514
4,709,189
1,120,588
40,455,428
40,455,428
Statewide
Programs
and Services
$
72,508,770
28,700,246
33,084,674
10,697,406
18,947,174
34,489,924
23,835,029
3,457,793
501,935
226,222,951
16,353,227
10,526,682
253,102,860
38,328,530
160,674,855
10,526,682
72,000
13,287
5,202
1,093,083
(18,422)
1,794,598
1,733,762
25,292,274
14,277,562
253,793,413
15,703,934
269,497,347
University of
Alaska
Fairbanks
Schedule 2.1
$
94,756,465
23,015,706
4,959,462
4,175,535
25,296,275
19,216,801
20,802,390
4,319,865
196,542,499
20,009,153
8,746,343
225,297,995
64,896,213
124,649,570
8,746,343
72,000
1,626,824
1,706
2,103,957
1,450,518
3,392,953
5,832,070
212,772,154
22,802,081
235,574,235
University of
Alaska
Anchorage
Schedule 2.2
$
17,452,258
5,383,363
50,144
104,172
3,427,623
5,359,629
6,978,815
402,319
39,158,323
3,740,171
1,280,888
44,179,382
11,073,849
28,236,941
1,280,888
(269)
15,000
290,150
218,625
93,681
331,992
1,080,308
42,621,165
2,428,120
45,049,285
University of
Alaska
Southeast
Schedule 2.3
$
1,893,086
719,776
214,281
591,190
929,230
842,957
(241)
5,190,279
261,366
214,340
5,665,985
845,608
3,400,425
214,340
710,000
142,718
7,642
10,349
143,616
5,474,698
129,273
5,603,971
Prince
William
Sound
Schedule 2.0
Sheet 1 of 2
61
82,391,526
Fund balances at end of year
$
(3,049,424)
(13,709,859)
(1,354,071)
(15,063,930)
12,091,062
70,300,464
$ (10,660,466)
31
Total
Transfers between funds
Mandatory transfers
Educational and general
Principal and interest
From (to) endowment funds
Auxiliary enterprises
Principal and interest
Total mandatory transfers
Nonmandatory transfers
Total transfers between funds
Net increase (decrease) in fund balances
Fund balances at beginning of year
UNIVERSITY OF ALASKA
Unrestricted Current Funds
Statement of Changes in Fund Balances
By Major Administrative Unit
Year Ended June 30, 2011
$
$
23,675,288
(186,046)
2,667,673
2,481,627
2,158,003
21,517,285
(186,046)
-
Statewide
Programs
and Services
$
$
32,219,740
(107,643)
(7,787,487)
(1,115,837)
(8,903,324)
7,491,163
24,728,577
(7,679,886)
42
University of
Alaska
Fairbanks
Schedule 2.1
$
$
20,814,678
(2,553,855)
(4,125,526)
(3,651,188)
(7,776,714)
2,499,526
18,315,152
(1,571,660)
(11)
University of
Alaska
Anchorage
Schedule 2.2
$
$
5,064,884
(387,926)
(1,610,800)
693,787
(917,013)
(47,110)
5,111,994
(1,222,874)
-
University of
Alaska
Southeast
Schedule 2.3
$
$
-
616,936
51,494
51,494
(10,520)
627,456
Prince
William
Sound
Schedule 2.0
Sheet 2 of 2
62
Revenues and other additions
Educational and general
Tuition and fees, net
State appropriations
State on-behalf contributions - pension
Federal grants and contracts
State grants and contracts
Local grants and contracts
Private grants and contracts
Investment income
Endowment sales and other proceeds
Sales and services, educational departments
Recovery of facilities and administrative costs
Other sources
Total educational and general
Auxiliary enterprises revenues
Total revenues and other additions
Expenditures and other deductions
Educational and general
Instruction
Academic support
Research
Public service
Student service
Operation and maintenance of plant
General administration and institutional expense
Student aid
Facilities and administrative costs recovered
Total educational and general expenditures
Auxiliary enterprises expenditures
State on-behalf payments
Total expenditures and other deductions
UNIVERSITY OF ALASKA
Unrestricted Current Funds
Statement of Changes in Fund Balances
University of Alaska Fairbanks
Year Ended June 30, 2011
$
72,508,770
28,700,246
33,084,674
10,697,406
18,947,174
34,489,924
23,835,029
3,457,793
501,935
226,222,951
16,353,227
10,526,682
253,102,860
38,328,530
160,674,855
10,526,682
72,000
13,287
5,202
1,093,083
(18,422)
1,794,598
1,733,762
25,292,274
14,277,562
253,793,413
15,703,934
269,497,347
Total
$
48,467,491
22,369,534
39,795
4,536,249
17,215,697
31,160,960
23,019,442
2,803,052
149,612,220
14,782,319
5,355,599
169,750,138
26,551,857
112,099,987
5,355,599
72,000
10,000
5,202
1,033,388
(19,019)
1,437,132
901,088
10,775,675
12,609,252
170,832,161
14,244,808
185,076,969
Fairbanks
$
33,041,950
931,996
815,587
417,298
501,935
35,708,766
3,138,602
38,847,368
22,722,271
3,138,602
25,345
597
35
344,622
13,888,615
1,531,859
41,651,946
41,651,946
Research
Schedule 2.4
$
2,929
5,174,726
5,177,655
352,084
5,529,739
4,644,200
352,084
357,431
148,174
143,484
12,967
5,658,340
5,658,340
Cooperative
Extension
$
24,041,279
6,330,712
54,435
1,731,477
3,328,964
237,443
35,724,310
1,570,908
1,680,397
38,975,615
11,776,673
21,208,397
1,680,397
3,287
34,350
339,878
484,500
123,484
35,650,966
1,459,126
37,110,092
College of
Rural Alaska
Schedule 2.11
Schedule 2.1
Sheet 1 of 2
63
32,219,740
$
Fund balances at end of year
(7,679,886)
42
(107,643)
(7,787,487)
(1,115,837)
(8,903,324)
7,491,163
24,728,577
$
Total
Transfers between funds
Mandatory transfers
Educational and general
Principal and interest
To endowment funds
Auxiliary enterprises
Principal and interest
Total mandatory transfers
Nonmandatory transfers
Total transfers between funds
Net increase (decrease) in fund balances
Fund balances at beginning of year
UNIVERSITY OF ALASKA
Unrestricted Current Funds
Statement of Changes in Fund Balances
University of Alaska Fairbanks
Year Ended June 30, 2011
$
$
22,953,741
(107,643)
(7,112,178)
(3,253,479)
(10,365,657)
4,961,174
17,992,567
(7,004,577)
42
Fairbanks
$
$
7,292,120
(633,510)
(515,906)
(1,149,416)
1,655,162
5,636,958
(633,510)
-
Research
Schedule 2.4
$
$
10,366
(134,878)
(134,878)
(6,277)
16,643
-
-
Cooperative
Extension
$
$
1,963,513
(41,799)
2,788,426
2,746,627
881,104
1,082,409
(41,799)
-
College of
Rural Alaska
Schedule 2.11
Schedule 2.1
Sheet 2 of 2
64
$
$
881,104
1,082,409
1,963,513
Net increase (decrease) in fund balances
Fund balances at beginning of year
Fund balances at end of year
702,959
741,509
1,444,468
(41,799)
2,222,405
2,180,606
(41,799)
2,788,426
2,746,627
10,879,965
14,847,148
1,096,991
3,287
33,222
324,398
364,788
58,967
27,608,766
1,019,479
28,628,245
20,880,250
4,082,069
53,335
973,255
1,699,294
190,259
27,878,462
1,130,439
1,096,991
30,105,892
$
Rural College
Schedule 2.111
24,041,279
6,330,712
54,435
1,731,477
3,328,964
237,443
35,724,310
1,570,908
1,680,397
38,975,615
$ 11,776,673
21,208,397
1,680,397
3,287
34,350
339,878
484,500
123,484
35,650,966
1,459,126
37,110,092
Total
Revenues and other additions
Educational and general
Tuition and fees, net
State appropriations
State on-behalf contributions - pension
State grants and contracts
Private grants and contracts
Sales and services, educational departments
Recovery of facilities and administrative costs
Other sources
Total educational and general
Auxiliary enterprises revenues
Total revenues and other additions
Expenditures and other deductions
Educational and general
Instruction
Academic support
Public service
Student service
Operation and maintenance of plant
Student aid
Total educational and general expenditures
Auxiliary enterprises expenditures
State on-behalf payments
Total expenditures and other deductions
Transfers between funds
Mandatory transfers
Educational and general
Principal and interest
Nonmandatory transfers
Total transfers between funds
UNIVERSITY OF ALASKA
Unrestricted Current Funds
Statement of Changes in Fund Balances
University of Alaska Fairbanks, College of Rural Alaska
Year Ended June 30, 2011
$
(75,965)
80,427
4,462
168,656
168,656
580,341
339,811
500
158,039
360,159
4,072
1,442,922
1,967
73,273
1,518,162
$ 136,889
1,050,053
73,273
1,128
6,946
1,268,289
5,252
1,273,541
Chukchi
$
$
44,300
208,931
253,231
205,253
205,253
1,773,745
1,191,567
600
424,659
697,832
26,316
4,114,719
419,603
394,174
4,928,496
519,377
3,273,353
394,174
15,480
91,331
63,700
4,357,415
410,128
4,767,543
Kuskokwim
$
$
209,810
51,542
261,352
192,112
192,112
806,943
717,265
175,524
571,679
16,796
2,288,207
18,899
115,959
2,423,065
240,442
2,037,843
115,959
21,435
817
2,416,496
24,267
2,440,763
Northwest
Schedule 2.11
Sheet 1 of 1
65
Fund balances at end of year
Net increase (decrease) in fund balances
Fund balances at beginning of year
Revenues and other additions
Educational and general
Tuition and fees, net
State appropriations
State on-behalf contributions - pension
State grants and contracts
Private grants and contracts
Sales and services, educational departments
Recovery of facilities and administrative costs
Other sources
Total educational and general
Auxiliary enterprises revenues
Total revenues and other additions
Expenditures and other deductions
Educational and general
Instruction
Academic support
Public service
Student service
Operation and maintenance of plant
Student aid
Total educational and general expenditures
Auxiliary enterprises expenditures
State on-behalf payments
Total expenditures and other deductions
Transfers between funds
Mandatory transfers
Educational and general
Principal and interest
Nonmandatory transfers
Total transfers between funds
UNIVERSITY OF ALASKA
Unrestricted Current Funds
Statement of Changes in Fund Balances
University of Alaska Fairbanks, Rural College
Year Ended June 30, 2011
$
1,444,468
702,959
741,509
$
552,312
544,798
7,514
635,694
635,694
(41,799)
2,222,405
2,180,606
355,537
1,432,291
158,286
62,275
31,898
2,040,287
2,040,287
1,172,074
510,746
500
104,375
148,228
16,340
1,952,263
20,633
158,287
2,131,183
$
Bristol
Bay
20,880,250
4,082,069
53,335
973,255
1,699,294
190,259
27,878,462
1,130,439
1,096,991
30,105,892
$ 10,879,965
14,847,148
1,096,991
3,287
33,222
324,398
364,788
58,967
27,608,766
1,019,479
28,628,245
Total
$
$
4,010
(96,355)
100,365
(5,983)
318,917
312,934
2,129,045
390,006
149,658
370,174
10,439
3,049,322
167,114
3,216,436
463,976
1,926,368
167,115
87,767
161,921
2,807,147
2,807,147
Interior
Campus
$
$
655,988
68,750
587,238
(35,816)
104,698
68,882
7,667,286
1,947,691
52,835
370,829
26,385
115,337
10,180,363
1,109,806
403,888
11,694,057
4,718,100
5,398,964
403,888
6,174
660
140,592
6,068
10,674,446
1,019,479
11,693,925
CRA
Programs
$
$
232,158
185,766
46,392
1,163,096
1,163,096
9,911,845
1,233,626
348,393
1,154,507
48,143
12,696,514
367,702
13,064,216
5,342,352
6,089,525
367,702
3,287
27,048
235,971
21,001
12,086,886
12,086,886
Community &
Technical
Schedule 2.111
Sheet 1 of 1
66
Revenues and other additions
Educational and general
Tuition and fees, net
State appropriations
State on-behalf contributions - pension
Local appropriations
Private grants and contracts
Investment income
Endowment sales and other proceeds
Sales and services, educational departments
Recovery of facilities and administrative costs
Other sources
Total educational and general
Auxiliary enterprises revenues
Total revenues and other additions
Expenditures and other deductions
Educational and general
Instruction
Academic support
Research
Public service
Student service
Operation and maintenance of plant
General administration and institutional expense
Student aid
Total educational and general expenditures
Auxiliary enterprises expenditures
State on-behalf payments
Total expenditures and other deductions
UNIVERSITY OF ALASKA
Unrestricted Current Funds
Statement of Changes in Fund Balances
University of Alaska Anchorage
Year Ended June 30, 2011
$
94,756,465
23,015,706
4,959,462
4,175,535
25,296,275
19,216,801
20,802,390
4,319,865
196,542,499
20,009,153
8,746,343
225,297,995
64,896,213
124,649,570
8,746,343
72,000
1,626,824
1,706
2,103,957
1,450,518
3,392,953
5,832,070
212,772,154
22,802,081
235,574,235
Total
$
82,462,139
20,678,200
4,959,462
4,111,224
22,594,361
16,223,473
17,603,234
4,053,718
172,685,811
19,037,338
7,704,054
199,427,203
55,851,740
110,070,281
7,704,054
1,543,089
1,706
2,103,957
1,339,981
3,360,247
5,671,631
187,646,686
21,801,792
209,448,478
Anchorage
$
6,746,935
1,007,763
60,988
1,033,352
1,479,881
1,166,690
144,635
11,640,244
446,511
526,717
12,613,472
4,382,434
6,990,276
526,717
65,050
90,447
20,888
53,680
12,129,492
444,733
12,574,225
Kenai
Peninsula
$
1,427,855
286,701
3,323
311,312
546,299
879,702
90,660
3,545,852
88,506
178,193
3,812,551
769,916
2,843,075
178,193
72,000
18,685
6,695
7,115
6,566
3,902,245
104,283
4,006,528
Kodiak
$
4,119,536
1,043,042
1,357,250
967,148
1,152,764
30,852
8,670,592
436,798
337,379
9,444,769
3,892,123
4,745,938
337,379
13,395
4,703
100,193
9,093,731
451,273
9,545,004
MatanuskaSusitna
Schedule 2.2
Sheet 1 of 2
67
Transfers between funds
Mandatory transfers
Educational and general
Principal and interest
To endowment funds
Auxiliary enterprises
Principal and interest
Total mandatory transfers
Nonmandatory transfers
Total transfers between funds
Net increase (decrease) in fund balances
Fund balances at beginning of year
Fund balances at end of year
UNIVERSITY OF ALASKA
Unrestricted Current Funds
Statement of Changes in Fund Balances
University of Alaska Anchorage
Year Ended June 30, 2011
$
$
(2,553,855)
(4,125,526)
(3,651,188)
(7,776,714)
2,499,526
18,315,152
20,814,678
(1,571,660)
(11)
Total
$
$
(2,553,855)
(3,971,678)
(4,139,920)
(8,111,598)
1,909,677
16,447,103
18,356,780
(1,417,812)
(11)
Anchorage
$
$
(153,848)
437,288
283,440
244,193
787,505
1,031,698
(153,848)
-
Kenai
Peninsula
$
$
(12,040)
(12,040)
181,937
306,661
488,598
Kodiak
$
$
63,484
63,484
163,719
773,883
937,602
MatanuskaSusitna
Schedule 2.2
Sheet 2 of 2
68
Revenues and other additions
Educational and general
Tuition and fees, net
State appropriations
State on-behalf contributions - pension
Federal grants and contracts
Local grants and contracts
Private grants and contracts
Endowment sales and other proceeds
Sales and services, educational departments
Recovery of facilities and administrative costs
Other sources
Total educational and general
Auxiliary enterprises revenues
Total revenues and other additions
Expenditures and other deductions
Educational and general
Instruction
Academic support
Research
Public service
Student service
Operation and maintenance of plant
General administration and institutional expense
Student aid
Total educational and general expenditures
Auxiliary enterprises expenditures
State on-behalf payments
Total expenditures and other deductions
UNIVERSITY OF ALASKA
Unrestricted Current Funds
Statement of Changes in Fund Balances
University of Alaska Southeast
Year Ended June 30, 2011
17,452,258
5,383,363
50,144
104,172
3,427,623
5,359,629
6,978,815
402,319
39,158,323
3,740,171
1,280,888
44,179,382
$ 11,073,849
28,236,941
1,280,888
(269)
15,000
290,150
218,625
93,681
331,992
1,080,308
42,621,165
2,428,120
45,049,285
Total
$
12,126,093
4,248,600
50,144
12,207
2,879,842
4,072,135
5,665,221
331,019
29,385,261
3,612,967
995,724
33,993,952
7,998,998
22,355,624
995,724
(269)
41,572
218,625
67,579
286,894
1,068,079
33,032,826
2,319,370
35,352,196
Juneau
2,071,370
555,488
1,505
384,018
609,782
471,759
22,460
4,116,382
73,782
120,300
4,310,464
$ 1,136,319
2,736,600
120,300
15,000
59,935
12,720
12,105
7,782
4,100,761
52,003
4,152,764
Ketchikan
$
3,254,795
579,275
90,460
163,763
677,712
841,835
48,840
5,656,680
53,422
164,864
5,874,966
1,938,532
3,144,717
164,864
188,643
13,382
32,993
4,447
5,487,578
56,747
5,544,325
Sitka
Schedule 2.3
Sheet 1 of 2
69
5,064,884
Fund balances at end of year
$
(387,926)
(1,610,800)
693,787
(917,013)
(47,110)
5,111,994
$ (1,222,874)
Total
Transfers between funds
Mandatory transfers
Educational and general
Principal and interest
Auxiliary enterprises
Principal and interest
Total mandatory transfers
Nonmandatory transfers
Total transfers
Net increase (decrease) in fund balances
Fund balances at beginning of year
UNIVERSITY OF ALASKA
Unrestricted Current Funds
Statement of Changes in Fund Balances
University of Alaska Southeast
Year Ended June 30, 2011
$
$
4,352,496
(387,926)
(1,610,800)
304,694
(1,306,106)
52,138
4,300,358
(1,222,874)
Juneau
$
$
-
166,964
128,357
128,357
(29,343)
196,307
Ketchikan
$
$
-
545,424
260,736
260,736
(69,905)
615,329
Sitka
Schedule 2.3
Sheet 2 of 2
70
286,574
Institute of Northern Engineering
Total Fairbanks Research
Arctic Region Supercomputing Center
$
118,732
General Research
5,636,958
0
4,199,924
(17,501)
School of Fisheries and Ocean Sciences
International Arctic Research Center
21,574
Agricultural and Forestry Experiment Station
767,618
260,037
$
Balances
July 1, 2010
Institute of Arctic Biology
Geophysical Institute
Fairbanks Research
UNIVERSITY OF ALASKA
Unrestricted Current Funds
Statement of Changes in Fund Balances
Fairbanks Research
Year Ended June 30, 2011
$ 41,651,946
1,488,328
2,356,587
4,953,827
5,167,520
4,351,965
4,993,693
6,777,680
$ 11,562,346
Revenues
and Other
Additions
Schedule 2.41
1,484,024
2,092,230
4,597,080
4,905,694
4,277,496
5,064,056
6,760,446
9,666,342
$ 38,847,368
$
Expenditures
and Other
Deductions
Schedule 2.42
(4,304)
(32,574)
(64,974)
(293,607)
(75,095)
52,999
109,915
(841,776)
$ (1,149,416)
$
Transfers
In (Out)
$
$
1,655,162
-
231,783
291,773
(31,781)
(626)
(17,364)
127,149
1,054,228
Increase
(Decrease) in
Fund Balances
$
$
7,292,120
-
4,431,707
578,347
86,951
(18,127)
4,210
387,186
1,821,846
Balances
June 30, 2011
Schedule 2.4
Sheet 1 of 1
71
1,488,328
Arctic Region Supercomputing Center
$ 41,651,946
2,356,587
Total Fairbanks Research
2,517,056
4,953,827
Institute of Northern Engineering
International Arctic Research Center
22,722,271
305,404
1,220,500
3,721,248
2,021,672
5,167,520
4,023,764
3,898,713
5,013,914
4,351,965
$
$
State
Appropriations
General Research
4,993,693
6,777,680
$ 11,562,346
Total
School of Fisheries and Ocean Sciences
Experiment Station
Agricultural and Forestry
Institute of Arctic Biology
Geophysical Institute
Fairbanks Research
UNIVERSITY OF ALASKA
Unrestricted Current Funds
Schedule of Revenues and Other Additions
Fairbanks Research
Year Ended June 30, 2011
203,896
117,639
264,926
159,980
509,285
531,243
493,415
858,218
$ 3,138,602
$
State On-Behalf
ContributionsPension
$
$
25,345
1,174
4,500
1,000
-
9,868
1,585
5,631
1,587
Private
Grants and
Contracts
$
$
597
-
-
-
-
-
-
-
597
Interest
Income
$
$
35
-
-
-
-
-
-
-
35
Endowment
Sales and Other
Proceeds
$ 344,622
-
-
301
38,867
483
99,925
73,318
$ 131,728
Sales and
Services
$
$
13,888,615
977,854
1,013,948
2,049,632
1,238,309
1,666,361
301,051
2,214,981
4,426,479
Recovery of
Facilities and
Administrative
Costs
$
$
1,531,859
-
-
120,912
9,116
144,296
36,125
91,622
1,129,788
Other
Sources
Schedule 2.41
Sheet 1 of 1
72
4,905,694
4,597,080
2,092,230
1,484,024
General Research
Institute of Northern Engineering
International Arctic Research Center
Arctic Region Supercomputing Center
$ 38,847,368
4,277,496
School of Fisheries and Ocean Sciences
Total Fairbanks Research
5,064,056
Agricultural and Forestry Experiment Station
9,666,342
6,760,446
$
Total
Institute of Arctic Biology
Geophysical Institute
Fairbanks Research
UNIVERSITY OF ALASKA
Unrestricted Current Funds
Schedule of Expenditures and Other Deductions
Fairbanks Research
Year Ended June 30, 2011
1,280,128
1,974,591
4,184,302
3,578,223
3,767,645
4,370,009
6,115,234
7,771,818
$ 33,041,950
$
Research
$
$
931,996
-
-
101,941
119,408
566
162,804
12,906
534,371
Public
Service
$
$
815,587
-
-
45,911
769,676
-
-
-
-
General admin
and institutional
expense
-
-
-
-
278,407
-
-
138,891
$ 417,298
$
Student
Aid
$
$
501,935
-
-
-
-
-
-
-
501,935
Facilities and
Administrative
Cost Recovered
$
$
3,138,602
203,896
117,639
264,926
159,980
509,285
531,243
493,415
858,218
State
On-Behalf
Schedule 2.42
Sheet 1 of 1
73
Total revenue - other sources
$
22,454,144
505,071
1,383,174
Museum admission and sales
Fees
1,976,201
Recharge & service center
973,978
4,344,617
Miscellaneous
Sales
2,030,250
Sport center/athletic/events
5,800,000
5,440,853
$
Total
Rentals
Risk Management Reserve reduction
UNIVERSITY OF ALASKA
Unrestricted Current Funds
Analysis of Revenue - Other Sources
Year Ended June 30, 2011
$
$
1,120,588
-
24,387
-
-
855,038
-
2,941
238,222
Statewide
Programs
and Services
$
$
14,277,561
236,371
240,875
1,371,196
1,621,076
1,538,420
1,044,705
4,968,620
3,256,298
University of
Alaska
Fairbanks
$
$
5,832,071
230,013
621,451
-
162,294
1,709,690
962,239
209,331
1,937,053
University of
Alaska
Anchorage
$
$
1,080,308
19,223
48,248
-
192,831
188,073
4,470
259,036
368,427
University of
Alaska
Southeast
$
$
-
143,616
19,464
39,017
11,978
-
53,396
18,836
925
Prince
William
Sound
Schedule 2.5
Sheet 1 of 1
74
Total University of Alaska Anchorage
Total auxiliary
University of Alaska Anchorage
Academic
Auxiliary
Housing
Bookstore
Food service
Parking program
Student health center
Tuition allowance
18,315,152
3,595,464
235,574,235
22,804,918
8,980,031
9,376,743
3,257,618
1,934,386
(743,860)
40,563
2,357,254
1,000,000
197,647
-
212,769,317
269,497,347
41,651,946
5,658,340
15,703,934
14,719,688
24,728,577
5,636,958
16,643
Research, Fairbanks
Cooperative Extension
Total University of Alaska Fairbanks
1,249,147
8,640,097
1,275,576
485,241
1,763,436
423,285
392,599
3,852,110
(1,128,410)
2,946,730
(908,274)
165,540
(344,058)
(183,579)
(655,139)
64,917
163,010
-
40,455,428
206,483,127
$
Revenue and
Other Additions
17,825,829
$ 21,517,285
Balances
July 1, 2010
Total auxiliary
University of Alaska Fairbanks
Academic
Auxiliary
Housing
Bookstore
Wood Center
Parking
Ice arena
Technology center
University of Alaska Press
Board/food service
Tuition allowance
Statewide Programs and Services
UNIVERSITY OF ALASKA
Unrestricted Current Funds
Statement of Changes in Fund Balances
By Major Administrative Unit
Year Ended June 30, 2011
$
225,297,995
20,009,153
7,118,302
8,882,709
2,164,646
1,843,496
-
205,288,842
253,102,860
38,847,368
5,529,739
16,353,227
7,692,299
1,262,514
453,879
1,888,439
330,725
1,095,857
3,629,514
-
192,372,526
40,779,052
Expenditures and
Other Deductions
$
(4,125,526)
(2,553,855)
(1,712,621)
(841,234)
-
(1,571,671)
(7,787,487)
(633,510)
-
(107,643)
(107,643)
-
(7,046,334)
(186,046)
Mandatory
Transfers
$
(3,651,188)
1,374,445
946,519
(247,460)
(49,244)
(19,230)
743,860
(5,025,633)
(1,115,837)
(515,906)
(134,878)
4,257,246
5
1,325,588
2,166
150,000
200,000
655,140
790,937
5,000
1,128,410
(4,722,299)
2,667,673
Nonmandatory
Transfers
20,814,678
5,211,819
1,136,190
2,603,828
1,202,494
269,307
-
15,602,859
32,219,740
7,292,120
10,366
4,749,457
3,894,533
430,376
199,068
(319,061)
1,338
1
152,596
390,606
-
20,167,797
$ 23,675,288
Balances
June 30, 2011
Schedule 3.0
Sheet 1 of 2
75
Total
Prince William Sound
Academic
Auxiliary
Housing
Bookstore
Tuition allowance
Total auxiliary
Total Prince William Sound
596,180,266
142,599
(13,326)
129,273
5,603,971
191,545
(5,952)
185,593
627,456
$ 70,300,464
5,474,698
441,863
$
2,428,120
45,049,285
1,474,608
5,111,994
42,621,165
Total auxiliary
$
Total University of Alaska Southeast
3,637,386
Revenue and
Other Additions
1,348,793
826,857
371,955
(119,485)
$
Balances
July 1, 2010
1,280,783
175,860
17,965
-
University of Alaska Southeast
Academic
Auxiliary
Housing and food service
Bookstore
Student activity center
Tuition allowance
UNIVERSITY OF ALASKA
Unrestricted Current Funds
Statement of Changes in Fund Balances
By Major Administrative Unit
Year Ended June 30, 2011
$
$
569,025,274
260,483
883
261,366
5,665,985
5,404,619
44,179,382
3,740,171
2,452,821
932,122
355,228
-
40,439,211
Expenditures and
Other Deductions
-
-
(1,610,800)
(387,926)
(387,926)
-
(1,222,874)
$ (13,709,859)
$
Mandatory
Transfers
$
$
(1,354,071)
175,097
6,835
13,326
195,258
51,494
(143,764)
693,787
1,487,218
1,316,733
75,000
(24,000)
119,485
(793,431)
Nonmandatory
Transfers
248,758
248,758
616,936
368,178
5,064,884
1,261,849
1,105,562
145,595
10,692
-
3,803,035
$ 82,391,526
$
Balances
June 30, 2011
Schedule 3.0
Sheet 2 of 2
76
208,931
Total Kuskokwim
Total Northwest
Total University of Alaska Fairbanks
51,542
$ 24,728,577
47,725
3,817
204,298
Total auxiliary
Northwest
Academic
Auxiliary, bookstore
451,394
1,669
(42,935)
216,705
(12,407)
-
2,440,763
$ 269,497,347
2,416,496
24,267
4,767,543
410,128
4,357,415
1,273,541
1,268,289
5,252
4,633
80,427
82,063
(1,636)
28,628,245
Kuskokwim
Academic
Auxiliary
Housing
Bookstore
Tuition allowance
Total Chukchi
Chukchi
Academic
Auxiliary, bookstore
741,509
294,279
447,230
Total Rural College
232,387,255
23,646,168
Total Fairbanks
Rural College
Academic
Auxiliary, bookstore
27,608,766
1,019,479
41,651,946
5,658,340
5,636,958
16,643
Research
Cooperative Extension
14,244,808
8,188,703
224,909
485,241
1,763,436
423,285
392,599
3,852,110
(1,085,475)
2,730,025
(1,345,278)
165,540
(344,058)
(183,579)
(655,139)
64,917
163,010
595,438
$ 170,832,161
Revenue and
Other Additions
$ 17,397,129
Balances
July 1, 2010
Total auxiliary
Fairbanks
Academic
Auxiliary
Housing
Bookstore
Wood Center
Parking
Ice arena
Technology center
University of Alaska Press
Board/food service
Tuition allowance
UNIVERSITY OF ALASKA
Unrestricted Current Funds
Statement of Changes in Fund Balances
University of Alaska Fairbanks
Year Ended June 30, 2011
2,423,065
$ 253,102,860
2,404,166
18,899
4,928,496
419,603
419,603
-
4,508,893
1,518,162
1,516,195
1,967
30,105,892
28,975,453
1,130,439
214,127,245
38,847,368
5,529,739
14,782,319
7,272,696
111,209
453,879
1,888,439
330,725
1,095,857
3,629,514
-
$ 154,967,819
Expenditures and
Other Deductions
$ (7,787,487)
-
-
-
-
-
-
-
(41,799)
(41,799)
-
(7,745,688)
(633,510)
-
(107,643)
(107,643)
-
$ (7,004,535)
Mandatory
Transfers
$
$
192,112
(1,115,837)
192,112
-
205,253
42,935
42,935
162,318
168,656
168,656
-
2,222,405
2,222,405
-
(3,904,263)
(515,906)
(134,878)
4,214,311
5
1,325,588
2,166
150,000
200,000
655,140
790,937
5,000
1,085,475
(7,467,790)
Nonmandatory
Transfers
261,352
$ 32,219,740
252,167
9,185
253,231
237,758
248,496
(10,738)
-
15,473
4,462
2,813
1,649
1,444,468
1,108,198
336,270
30,256,227
7,292,120
10,366
4,164,595
3,646,037
94,010
199,068
(319,061)
1,338
1
152,596
390,606
-
$ 18,789,146
Balances
June 30, 2011
Schedule 3.1
Sheet 1 of 1
77
692,448
81,435
Matanuska-Susitna
Academic
Auxiliary, bookstore
Total University of Alaska Anchorage
$ 18,315,152
773,883
306,661
Total Kodiak
Total Matanuska-Susitna
159,503
147,158
787,505
$
235,574,235
9,545,004
9,093,731
451,273
4,006,528
3,902,245
104,283
12,574,225
393,601
51,132
444,733
321,513
32,810
354,323
209,448,478
21,804,629
8,980,031
8,427,586
3,257,618
1,883,254
(743,860)
187,643,849
12,129,492
Kodiak
Academic
Auxiliary, bookstore
Total Kenai Peninsula
$
Revenue and
Other Additions
433,182
16,447,103
Total Anchorage
Kenai Peninsula
Academic
Auxiliary
Bookstore
Student health center
Total auxiliary
3,012,548
40,563
1,807,148
1,000,000
164,837
-
$ 13,434,555
Balances
July 1, 2010
Total auxiliary
Anchorage
Academic
Auxiliary
Housing
Bookstore
Parking program
Student health center
Tuition allowance
UNIVERSITY OF ALASKA
Unrestricted Current Funds
Statement of Changes in Fund Balances
University of Alaska Anchorage
Year Ended June 30, 2011
$ 225,297,995
9,444,769
9,007,971
436,798
3,812,551
3,724,045
88,506
12,613,472
393,129
53,382
446,511
12,166,961
199,427,203
19,037,338
7,118,302
7,964,276
2,164,646
1,790,114
-
$ 180,389,865
Expenditures and
Other Deductions
$ (4,125,526)
-
-
-
-
(153,848)
-
(153,848)
(3,971,678)
(2,553,855)
(1,712,621)
(841,234)
-
$ (1,417,823)
Mandatory
Transfers
$
$
(3,651,188)
63,484
63,484
-
(12,040)
(20,040)
8,000
437,288
(15,000)
(15,000)
452,288
(4,139,920)
1,381,445
946,519
(240,460)
(49,244)
(19,230)
743,860
(5,521,365)
Nonmandatory
Transfers
$ 20,814,678
937,602
841,692
95,910
488,598
317,663
170,935
1,031,698
306,985
30,560
337,545
694,153
18,356,780
4,607,429
1,136,190
2,029,998
1,202,494
238,747
-
$ 13,749,351
Balances
June 30, 2011
Schedule 3.2
Sheet 1 of 1
78
153,378
42,929
Ketchikan
Academic
Auxiliary, bookstore
Total University of Alaska Southeast
Total Sitka
Sitka
Academic
Auxiliary, bookstore
$ 5,111,994
615,329
557,466
57,863
196,307
4,300,358
Total Juneau
Total Ketchikan
1,373,816
1,280,783
75,068
17,965
-
$ 2,926,542
Balances
July 1, 2010
Total auxiliary
Juneau
Academic
Auxiliary
Housing and food service
Bookstore
Student activity center
Tuition allowance
UNIVERSITY OF ALASKA
Unrestricted Current Funds
Statement of Changes in Fund Balances
University of Alaska Southeast
Year Ended June 30, 2011
$
$
45,049,285
5,544,325
5,487,578
56,747
4,152,764
4,100,761
52,003
35,352,196
2,319,370
1,348,793
718,107
371,955
(119,485)
33,032,826
Revenue and
Other Additions
$ 44,179,382
5,874,966
5,821,544
53,422
4,310,464
4,236,682
73,782
33,993,952
3,612,967
2,452,821
804,918
355,228
-
$ 30,380,985
Expenditures and
Other Deductions
$ (1,610,800)
-
-
-
-
(1,610,800)
(387,926)
(387,926)
-
$ (1,222,874)
Mandatory
Transfers
$
$
693,787
260,736
260,736
-
128,357
128,357
-
304,694
1,487,218
1,316,733
75,000
(24,000)
119,485
(1,182,524)
Nonmandatory
Transfers
$
$
5,064,884
545,424
484,236
61,188
166,964
145,814
21,150
4,352,496
1,179,511
1,105,562
63,257
10,692
-
3,172,985
Balances
June 30, 2011
Schedule 3.3
Sheet 1 of 1
79
Total liabilities and fund balances
FUND BALANCES
Restricted
Interfund
Total liabilities
LIABILITIES
Accounts payable and accrued
expenses
Deposits held in custody for others
Deferred revenue
Total assets
ASSETS
Cash and investments
Accounts and notes receivable
Other assets
UNIVERSITY OF ALASKA
Restricted Current Funds
Balance Sheet
By Major Administrative Unit
June 30, 2011
684,616
46,332,095
1,226
$ 47,017,937
378,795
36,706,628
9,932,514
$ 2,267,443
310
7,664,761
$ 47,017,937
$
Total
1,797,592
1,226
63,287
1,655,839
79,692
77,425
2,267
$ 1,798,818
$
$ 1,798,818
$
Statewide
Programs
and Services
673,657
33,502,893
-
$ 34,176,550
(130,649)
26,675,549
7,631,650
$ 1,672,274
5,959,376
$ 34,176,550
$
University of
Alaska
Fairbanks
Schedule 4.1
7,959
10,036,456
-
413,762
7,540,913
2,089,740
467,216
310
1,622,214
$ 10,044,415
$
$ 10,044,415
$
University of
Alaska
Anchorage
Schedule 4.2
$
$
$
$
782,996
31,198
649,220
102,578
42,203
60,375
782,996
3,000
779,996
-
University of
Alaska
Southeast
Schedule 4.3
$
$
$
$
215,158
1,197
185,107
28,854
8,325
20,529
215,158
215,158
-
Prince
William
Sound
Schedule 4.0
Sheet 1 of 1
80
FUND BALANCES
Total liabilities and fund balances
Restricted
Interfund
Total liabilities
LIABILITIES
Accounts payable and accrued
expenses
Deferred revenue
Total assets
ASSETS
Cash and investments
Accounts and notes receivable
UNIVERSITY OF ALASKA
Restricted Current Funds
Balance Sheet
University of Alaska Fairbanks
June 30, 2011
$
$
$
$
34,176,550
(130,649)
26,675,549
7,631,650
1,672,274
5,959,376
34,176,550
673,657
33,502,893
Total
$
$
$
$
31,382,048
(153,176)
24,296,269
7,238,955
1,584,816
5,654,139
31,382,048
673,657
30,708,391
Fairbanks
$
$
$
$
785,905
18,813
745,291
21,801
8,557
13,244
785,905
785,905
Cooperative
Extension
$
$
$
$
2,008,597
3,714
1,633,989
370,894
78,901
291,993
2,008,597
2,008,597
College of
Rural Alaska
Schedule 4.11
Schedule 4.1
Sheet 1 of 1
81
FUND BALANCES
Total liabilities and fund balances
Restricted
Interfund
Total liabilities
LIABILITIES
Accounts payable and accrued
expenses
Deferred revenue
ASSETS
Accounts and notes receivable
3,714
1,633,989
370,894
78,901
291,993
$ 2,008,597
$
$ 2,008,597
Total
UNIVERSITY OF ALASKA
Restricted Current Funds
Balance Sheet
University of Alaska Fairbanks, College of Rural Alaska
June 30, 2011
585
1,163,211
332,935
49,733
283,202
$ 1,496,731
$
$ 1,496,731
Rural College
Schedule
4.111
$
$
$
53,207
1,026
34,629
17,552
6,365
11,187
53,207
Chukchi
$
$
$
366,699
1,161
352,184
13,354
15,750
(2,396)
366,699
Kuskokwim
$
$
$
91,960
942
83,965
7,053
7,053
-
91,960
Northwest
Schedule 4.11
Sheet 1 of 1
82
Total liabilities and fund balances
FUND BALANCES
Restricted
Interfund
Total liabilities
LIABILITIES
Accounts payable and accrued
expenses
Deferred revenue
ASSETS
Accounts and notes receivable
$
$
$
UNIVERSITY OF ALASKA
Restricted Current Funds
Balance Sheet
University of Alaska Fairbanks, Rural College
June 30, 2011
1,496,731
585
1,163,211
332,935
49,733
283,202
1,496,731
Total
(240)
166,198
81,821
2,175
79,646
$ 247,779
$
$ 247,779
Bristol Bay
$
$
$
690,541
905
575,149
114,487
24,710
89,777
690,541
Interior
Campus
$
$
$
373,615
(80)
240,132
133,563
22,848
110,715
373,615
CRA
Programs
-
181,732
3,064
3,064
$ 184,796
$
$ 184,796
Tanana
Valley
Schedule 4.111
Sheet 1 of 1
83
FUND BALANCES
Total liabilities and fund balances
Restricted
Interfund
Total liabilities
LIABILITIES
Accounts payable and accrued
expenses
Deposits held in custody for others
Deferred revenue
Total assets
ASSETS
Cash and investments
Accounts and notes receivable
UNIVERSITY OF ALASKA
Restricted Current Funds
Balance Sheet
University of Alaska Anchorage
June 30, 2011
$
$
$
$
10,044,415
413,762
7,540,913
2,089,740
467,216
310
1,622,214
10,044,415
7,959
10,036,456
Total
$
$
$
$
9,575,018
373,084
7,120,363
2,081,571
461,913
310
1,619,348
9,575,018
7,959
9,567,059
Anchorage
$
$
$
$
303,297
14,916
282,461
5,920
657
5,263
303,297
303,297
Kenai
Peninsula
$
$
$
$
53,005
7,888
45,077
40
40
-
53,005
53,005
Kodiak
$
$
$
$
113,095
17,874
93,012
2,209
2,209
113,095
113,095
MatanuskaSusitna
Schedule 4.2
Sheet 1 of 1
84
FUND BALANCES
Total liabilities and fund balances
Restricted
Interfund
Total liabilities
LIABILITIES
Accounts payable and accrued
expenses
Deposits held in custody for others
Deferred revenue
Total assets
ASSETS
Cash and investments
Accounts and notes receivable
UNIVERSITY OF ALASKA
Restricted Current Funds
Balance Sheet
University of Alaska Southeast
June 30, 2011
$
$
$
$
782,996
31,198
649,220
102,578
42,203
60,375
782,996
3,000
779,996
Total
$
$
$
$
503,243
29,324
372,071
101,848
42,121
59,727
503,243
3,000
500,243
Juneau
111,835
-
111,560
275
275
$ 111,835
$
$ 111,835
$
Ketchikan
$
$
$
$
167,918
1,874
165,589
455
82
373
167,918
167,918
Sitka
Schedule 4.3
Sheet 1 of 1
85
Revenues and other additions
Educational and general
Federal appropriations
Federal grants and contracts
State grants and contracts
Local grants and contracts
Private gifts, grants and contracts
Investment income
Endowment sales and other proceeds
Sales and services, educational departments
Other sources
Total revenues and other additions
Expenditures and other deductions
Educational and general
Instruction
Academic support
Research
Public service
Student services
Operation and maintenance of plant
General administration and institutional expense
Student aid
Facilities and administrative costs
Total educational and general expenditures
Transfers between funds
Mandatory transfers
Educational and general
To endowment funds
Nonmandatory transfers
Total transfers between funds
Net increase (decrease) in fund balances
Fund balances at beginning of year
Fund balances at end of year
UNIVERSITY OF ALASKA
Restricted Current Funds
Statement of Changes in Fund Balances
By Major Administrative Unit
Year Ended June 30, 2011
$
(3)
(307,621)
(307,624)
25,117
38,170
63,287
1,550,135
1,948,591
(90)
3,023,814
3
33,288
6,555,741
31
(12,361,353)
(12,361,322)
(209,570)
588,365
$
378,795
$
2,889,075
2,406,602
423,763
503,560
6,223,000
3,222,567
192,276,603
17,975,507
3,699,644
40,687,801
26
931
474,259
241,879
258,579,217
24,599,217
5,022,429
108,076,145
51,415,655
4,298,513
228,050
799,548
19,003,748
32,984,160
246,427,465
$
Total
Statewide
Programs
and Services
$
$
34
(4,340,619)
(4,340,585)
215,412
(346,061)
(130,649)
12,935,965
3,295,581
96,990,815
40,125,380
1,263,834
17,690
321,758
6,812,660
28,090,008
189,853,691
3,222,567
148,748,260
7,896,789
2,544,030
31,573,889
19
195,726
228,408
194,409,688
University of
Alaska
Fairbanks
Schedule 5.1
7,236,333
943,793
10,281,082
8,638,508
2,930,903
210,360
38,275
10,924,312
3,993,976
45,197,542
36,509,542
7,712,804
1,130,325
5,763,812
26
909
227,493
13,471
51,358,382
(6,599,199)
(6,599,199)
(438,359)
852,121
$
413,762
$
University of
Alaska
Anchorage
Schedule 5.2
747,080
783,055
804,248
236,839
103,776
15,752
1,195,089
384,747
4,270,586
4,782,658
236,614
25,379
308,427
17,752
5,370,830
(1,111,984)
(1,111,984)
(11,740)
42,938
$
31,198
$
University of
Alaska
Southeast
Schedule 5.3
$
$
(1,930)
(1,930)
1,197
1,197
790,764
8,326
71,687
11,869
882,646
686,008
180,709
17,859
884,576
Prince
William
Sound
Schedule 5.0
Sheet 1 of 1
86
Revenues and other additions
Educational and general
Federal appropriations
Federal grants and contracts
State grants and contracts
Local grants and contracts
Private gifts, grants and contracts
Endowment sales and other proceeds
Sales and services, educational departments
Other sources
Total revenues and other additions
Expenditures and other deductions
Educational and general
Instruction
Academic support
Research
Public service
Student services
Operation and maintenance of plant
General administration and institutional expense
Student aid
Facilities and administrative costs
Total educational and general expenditures
Transfers between funds
Mandatory transfers
Educational and general
To endowment funds
Nonmandatory transfers
Total transfers between funds
Net increase (decrease) in fund balances
Fund balances at beginning of year
Fund balances at end of year
UNIVERSITY OF ALASKA
Restricted Current Funds
Statement of Changes in Fund Balances
University of Alaska Fairbanks
Year Ended June 30, 2011
$
$
$
34
(4,337,068)
(4,337,034)
191,117
(344,893)
(153,776)
34
(4,340,619)
(4,340,585)
215,412
(346,061)
(130,649)
1,914,305
138,477,528
6,624,513
2,304,219
29,808,628
19
195,726
188,235
179,513,173
3,734,589
2,348,074
96,892,642
36,991,387
1,108,434
17,690
321,758
6,605,621
26,964,827
174,985,022
$
Fairbanks
12,935,965
3,295,581
96,990,815
40,125,380
1,263,834
17,690
321,758
6,812,660
28,090,008
189,853,691
3,222,567
148,748,260
7,896,789
2,544,030
31,573,889
19
195,726
228,408
194,409,688
Total
$
24,429
(5,616)
18,813
77,614
3,070,085
281,576
3,429,275
$ 1,308,262
1,108,648
452,381
49,712
494,528
40,173
3,453,704
Cooperative
Extension
$
$
(3,551)
(3,551)
(134)
4,448
4,314
9,201,376
947,507
20,559
63,908
155,400
207,039
843,605
11,439,394
9,162,084
819,895
190,099
1,270,733
11,442,811
College of
Rural Alaska
Schedule 5.11
Schedule 5.1
Sheet 1 of 1
87
Revenues and other additions
Educational and general
Federal grants and contracts
State grants and contracts
Local grants and contracts
Private gifts, grants and contracts
Total revenues and other additions
Expenditures and other deductions
Educational and general
Instruction
Academic support
Research
Public service
Student services
Student aid
Facilities and administrative costs
Total educational and general expenditures
Transfers between funds
Nonmandatory transfers
Net increase (decrease) in fund balances
Fund balances at beginning of year
Fund balances at end of year
UNIVERSITY OF ALASKA
Restricted Current Funds
Statement of Changes in Fund Balances
University of Alaska Fairbanks, College of Rural Alaska
Year Ended June 30, 2011
$
$
$
600
600
585
1,185
(3,551)
(134)
4,448
4,314
6,043,584
480,574
1,179,254
7,703,412
6,798,464
178,001
16,150
63,704
56,509
590,584
7,703,412
$
Rural College
Schedule 5.111
9,201,376
947,507
20,559
63,908
155,400
207,039
843,605
11,439,394
9,162,084
819,895
190,099
1,270,733
11,442,811
Total
$
$
1,026
1,026
583,926
118,075
26,016
728,017
609,942
117,437
638
728,017
Chukchi
$
$
(4,151)
(734)
1,895
1,161
1,131,704
651,431
4,409
155,400
150,530
186,865
2,280,339
1,780,932
339,321
72,662
90,841
2,283,756
Kuskokwim
$
$
942
942
687,282
204
40,140
727,626
727,626
727,626
Northwest
Schedule 5.11
Sheet 1 of 1
88
Expenditures and other deductions
Educational and general
Instruction
Academic support
Research
Public service
Student aid
Facilities and administrative costs
Total educational and general expenditures
Transfers between funds
Nonmandatory transfers
Net increase (decrease) in fund balances
Fund balances at beginning of year
Fund balances at end of year
Revenue and other additions
Educational and general
Federal grants and contracts
State grants and contracts
Private gifts, grants and contracts
Total revenues and other additions
UNIVERSITY OF ALASKA
Restricted Current Funds
Statement of Changes in Fund Balances
University of Alaska Fairbanks, Rural College
Year Ended June 30, 2011
$
$
(240)
(240)
600
600
585
1,185
1,735,085
160,267
94,732
1,990,084
1,844,962
19,883
125,239
1,990,084
$
$
Bristol Bay
6,798,464
178,001
16,150
63,704
56,509
590,584
7,703,412
6,043,584
480,574
1,179,254
7,703,412
Total
$
$
905
905
3,313,802
40,236
311,118
3,665,156
2,963,496
170,862
530,798
3,665,156
Interior
Campus
$
600
600
(80)
520
1,354,160
178,023
16,150
63,704
(24,398)
146,986
1,734,625
$ 1,345,003
39,099
350,523
1,734,625
CRA
Programs
$
$
-
285,540
(22)
20,788
7,241
313,547
110,346
203,201
313,547
Tanana
Valley
Schedule 5.111
Sheet 1 of 1
89
Revenues and other additions
Educational and general
Federal grants and contracts
State grants and contracts
Local grants and contracts
Private gifts, grants and contracts
Investment income
Endowment sales and other proceeds
Sales and services, educational departments
Other sources
Total revenues and other additions
Expenditures and other deductions
Educational and general
Instruction
Academic support
Research
Public service
Student services
Operation and maintenance of plant
General administration and institutional expense
Student aid
Facilities and administrative costs
Total educational and general expenditures
Transfers between funds
Nonmandatory transfers
Net increase (decrease) in fund balances
Fund balances at beginning of year
Fund balances at end of year
UNIVERSITY OF ALASKA
Restricted Current Funds
Statement of Changes in Fund Balances
University of Alaska Anchorage
Year Ended June 30, 2011
$
$
$
(6,599,199)
(431,663)
804,747
373,084
(6,599,199)
(438,359)
852,121
413,762
35,953,831
7,277,091
394,543
5,650,571
26
33
227,493
11,901
49,515,489
6,507,276
724,425
10,267,642
8,595,619
2,316,953
155,054
38,275
10,780,846
3,961,863
43,347,953
$
Anchorage
7,236,333
943,793
10,281,082
8,638,508
2,930,903
210,360
38,275
10,924,312
3,993,976
45,197,542
36,509,542
7,712,804
1,130,325
5,763,812
26
909
227,493
13,471
51,358,382
Total
$
$
(7,592)
22,508
14,916
143,466
23,954
1,496,143
527,494
75,644
13,440
42,889
613,950
55,306
405,371
332,179
636,210
113,241
876
674
1,488,551
Kenai
Peninsula
$
$
896
6,992
7,888
101,991
143,724
8,159
253,874
150,340
103,534
896
254,770
Kodiak
$
$
17,874
17,874
99,572
99,572
99,572
99,572
MatanuskaSusitna
Schedule 5.2
Sheet 1 of 1
90
Revenues and other additions
Educational and general
Federal grants and contracts
State grants and contracts
Local grants and contracts
Private gifts, grants and contracts
Sales and services, educational departments
Total revenues and other additions
Expenditures and other deductions
Educational and general
Instruction
Academic support
Research
Public service
Student services
Operation and maintenance of plant
General administration and institutional expense
Student aid
Facilities and administrative costs
Total educational and general expenditures
Transfers between funds
Nonmandatory transfers
Net increase (decrease) in fund balances
Fund balances at beginning of year
Fund balances at end of year
UNIVERSITY OF ALASKA
Restricted Current Funds
Statement of Changes in Fund Balances
University of Alaska Southeast
Year Ended June 30, 2011
$
$
$
29,324
29,324
(1,111,984)
(1,111,984)
(11,740)
42,938
31,198
3,426,679
95,632
25,379
280,865
3,828,555
396,013
65,707
672,453
46,312
103,776
15,752
1,166,960
249,598
2,716,571
$
Juneau
747,080
783,055
804,248
236,839
103,776
15,752
1,195,089
384,747
4,270,586
4,782,658
236,614
25,379
308,427
17,752
5,370,830
Total
$
$
-
23,304
34,784
297,634
235,170
4,376
-
233,886
57,534
6,214
297,634
Ketchikan
$
$
(11,740)
13,614
1,874
115,897
717,348
127,419
190,527
4,825
100,365
1,256,381
1,122,093
83,448
21,348
17,752
1,244,641
Sitka
Schedule 5.3
Sheet 1 of 1
91
Federal
Department of Agriculture
Department of Commerce
Department of Defense
Department of Education
Department of Energy
Department of Health & Human Services
Department of Housing & Urban Development
Department of the Interior
Department of Justice
Department of Labor
Department of Transportation
Department of Treasury
Environmental Protection Agency
Federal Technology Service
National Aeronautics & Space Administration
National Science Foundation
Small Business Administration
Other
Total Federal
State of Alaska
Local Government
Endowment Funds
Private
Tuition Allowance Offset
Total
UNIVERSITY OF ALASKA
Restricted Current Funds
Expenditures and Analysis of
Facilities & Administrative Cost Charges
Year Ended June 30, 2011
$
$
13,706,000
7,041,926
6,130,429
40,393,225
2,230,329
12,665,454
1,182,007
9,053,750
94,314
662,777
2,105,464
314,960
167,753
7,264,633
11,965,079
54,486,805
833,623
140,891
170,439,419
16,392,149
2,219,185
7,400
35,833,104
(11,447,952)
213,443,305
Direct
Expenditures
6.42
3.30
2.87
18.93
1.04
5.94
0.55
4.24
0.05
0.31
0.98
0.15
0.08
3.40
5.61
25.53
0.39
0.06
79.85
7.68
1.04
16.79
(5.36)
100.00
Percent of Total
Restricted Current
Fund Expenditures
$
$
837,931
1,922,727
1,564,955
759,912
776,735
3,388,774
189,695
2,131,933
13,536
49,484
816,145
63,779
48,311
1,657,773
3,554,239
6,930,661
138,513
27,600
24,872,703
2,028,580
114,783
5,968,094
32,984,160
12.38
5.17
16.66
-
6.11
27.30
25.53
1.88
34.83
26.76
16.05
23.55
14.35
7.47
38.76
20.25
28.80
22.82
29.71
12.72
16.62
19.59
Facilities & Administrative
Cost Charges
Average
Amount
Effective Rate
Schedule 6.0
Sheet 1 of 1
92
388,883
5,741,546
6,130,429
Department of Defense
University of Alaska Anchorage
University of Alaska Fairbanks
Total Department of Defense
868,042
12,310,653
371,792
155,513
13,706,000
737,404
5,676,994
776
626,752
7,041,926
$
Direct
Expenditures
Department of Commerce
University of Alaska Anchorage
University of Alaska Fairbanks
University of Alaska Southeast
Statewide
Total Department of Commerce
Federal
Department of Agriculture
University of Alaska Anchorage
University of Alaska Fairbanks
University of Alaska Southeast
Prince William Sound
Total Department of Agriculture
UNIVERSITY OF ALASKA
Restricted Current Funds
Expenditures and Analysis of
Facilities & Administrative Cost Charges
Year Ended June 30, 2011
0.18
2.69
2.87
0.35
2.66
0.29
3.30
0.41
5.77
0.17
0.07
6.42
Percent of Total
Restricted Current
Fund Expenditures
$
107,447
1,457,508
1,564,955
126,878
1,643,983
368
151,498
1,922,727
181,277
570,530
82,838
3,286
837,931
27.63
25.39
17.21
28.96
47.42
24.17
20.88
4.63
22.28
2.11
Facilities & Administrative
Cost Charges
Average
Amount
Effective Rate
Schedule 6.1
Sheet 1 of 6
93
Department of Housing & Urban Development
University of Alaska Fairbanks
Department of Health & Human Services
University of Alaska Anchorage
University of Alaska Fairbanks
University of Alaska Southeast
Statewide
Total Department of Health & Human Services
Department of Energy
University of Alaska Anchorage
University of Alaska Fairbanks
Total Department of Energy
Federal (continued)
Department of Education
University of Alaska Anchorage
University of Alaska Fairbanks
University of Alaska Southeast
Prince William Sound
Statewide
Total Department of Education
UNIVERSITY OF ALASKA
Restricted Current Funds
Expenditures and Analysis of
Facilities & Administrative Cost Charges
Year Ended June 30, 2011
$
1,182,007
6,442,487
6,067,099
58,771
97,097
12,665,454
74,624
2,155,705
2,230,329
20,121,076
15,860,825
3,369,295
527,209
514,820
40,393,225
Direct
Expenditures
0.55
3.02
2.84
0.03
0.05
5.94
0.03
1.01
1.04
9.43
7.43
1.58
0.25
0.24
18.93
Percent of Total
Restricted Current
Fund Expenditures
$
189,695
1,115,868
2,213,267
24,684
34,955
3,388,774
20,957
755,778
776,735
248,494
378,099
61,084
72,235
759,912
16.05
17.32
36.48
42.00
36.00
28.08
35.06
1.23
2.38
1.81
14.03
Facilities & Administrative
Cost Charges
Average
Amount
Effective Rate
Schedule 6.1
Sheet 2 of 6
94
Department of the Transportation
University of Alaska Anchorage
University of Alaska Fairbanks
University of Alaska Southeast
Total Department of Transportation
250,483
1,846,175
8,806
2,105,464
39,811
54,503
94,314
Department of Justice
University of Alaska Anchorage
University of Alaska Fairbanks
Total Department of Justice
1,505,288
7,431,630
116,832
9,053,750
65,807
556,371
40,599
662,777
$
Direct
Expenditures
Department of Labor
University of Alaska Anchorage
University of Alaska Fairbanks
Statewide
Total Department of Labor
Federal (continued)
Department of the Interior
University of Alaska Anchorage
University of Alaska Fairbanks
University of Alaska Southeast
Total Department of the Interior
UNIVERSITY OF ALASKA
Restricted Current Funds
Expenditures and Analysis of
Facilities & Administrative Cost Charges
Year Ended June 30, 2011
0.12
0.86
0.98
0.02
0.03
0.05
0.03
0.26
0.02
0.31
0.71
3.48
0.05
4.24
Percent of Total
Restricted Current
Fund Expenditures
$
91,176
721,447
3,522
816,145
13,536
13,536
6,581
30,723
12,180
49,484
274,064
1,832,818
25,051
2,131,933
36.40
39.08
40.00
34.00
-
10.00
5.52
30.00
18.21
24.66
21.44
Facilities & Administrative
Cost Charges
Average
Amount
Effective Rate
Schedule 6.1
Sheet 3 of 6
95
2,158,226
51,968,703
359,876
54,486,805
National Science Foundation
University of Alaska Anchorage
University of Alaska Fairbanks
University of Alaska Southeast
Total National Science Foundation
1.01
24.35
0.17
25.53
5.61
11,965,079
3.40
0.08
0.08
0.15
0.02
5.59
-
7,264,633
6,718
161,035
167,753
314,960
37,134
11,925,393
2,552
$
Direct
Expenditures
Percent of Total
Restricted Current
Fund Expenditures
National Aeronautics & Space Administration
University of Alaska Anchorage
University of Alaska Fairbanks
University of Alaska Southeast
Total National Aeronautics & Space
Administration
Federal Technology Service
University of Alaska Fairbanks
Environmental Protection Agency
University of Alaska Fairbanks
University of Alaska Southeast
Total Environmental Protection Agency
Federal (continued)
Department of the Treasury
University of Alaska Fairbanks
UNIVERSITY OF ALASKA
Restricted Current Funds
Expenditures and Analysis of
Facilities & Administrative Cost Charges
Year Ended June 30, 2011
$
486,044
6,358,477
86,140
6,930,661
3,554,239
11,446
3,541,868
925
1,657,773
48,311
48,311
63,779
22.52
12.24
23.94
30.82
29.70
36.25
22.82
30.00
20.25
Facilities & Administrative
Cost Charges
Average
Amount
Effective Rate
Schedule 6.1
Sheet 4 of 6
96
Other
University of Alaska Anchorage
University of Alaska Fairbanks
Total other
Total federal
State of Alaska
University of Alaska Anchorage
University of Alaska Fairbanks
University of Alaska Southeast
Prince William Sound
Statewide
Total State of Alaska
Local Government
University of Alaska Anchorage
University of Alaska Fairbanks
University of Alaska Southeast
Statewide
Total local government
Federal (continued)
Small Business Administration
University of Alaska Anchorage
UNIVERSITY OF ALASKA
Restricted Current Funds
Expenditures and Analysis of
Facilities & Administrative Cost Charges
Year Ended June 30, 2011
$
0.03
0.03
0.06
79.85
3.35
3.31
0.12
0.08
0.82
7.68
0.51
0.52
0.01
1.04
7,150,824
7,067,894
247,855
172,127
1,753,449
16,392,149
1,078,691
1,120,210
20,352
(68)
2,219,185
0.39
72,120
68,771
140,891
170,439,419
833,623
Direct
Expenditures
Percent of Total
Restricted Current
Fund Expenditures
$
48,662
61,118
5,026
(23)
114,783
746,529
1,051,905
18,251
8,583
203,312
2,028,580
8,075
19,525
27,600
24,872,703
138,513
4.51
5.46
24.70
33.82
10.44
14.88
7.36
4.99
11.59
11.20
28.39
16.62
Facilities & Administrative
Cost Charges
Average
Amount
Effective Rate
Schedule 6.1
Sheet 5 of 6
97
$
(6,273,071)
(3,945,816)
(1,111,984)
(117,081)
(11,447,952)
213,443,305
Tuition Allowance offset
University of Alaska Anchorage
University of Alaska Fairbanks
University of Alaska Southeast
Prince William Sound
Total tuition allowance offset
Total
7,350
50
7,400
5,761,844
27,088,659
279,881
15,929
2,686,791
35,833,104
$
Direct
Expenditures
Private
University of Alaska Anchorage
University of Alaska Fairbanks
University of Alaska Southeast
Prince William Sound
Statewide
Total private
Endowment Funds
University of Alaska Anchorage
University of Alaska Fairbanks
Total endowment funds
UNIVERSITY OF ALASKA
Restricted Current Funds
Expenditures and Analysis of
Facilities & Administrative Cost Charges
Year Ended June 30, 2011
(2.94)
(1.85)
(0.52)
(0.05)
(5.36)
100.00
2.70
12.69
0.13
0.01
1.26
16.79
-
Percent of Total
Restricted Current
Fund Expenditures
$
$
32,984,160
368,429
5,541,715
28,547
29,403
5,968,094
-
-
6.39
20.46
10.20
1.09
-
Facilities & Administrative
Cost Charges
Average
Amount
Effective Rate
Schedule 6.1
Sheet 6 of 6
98
Total liabilities and fund balances
83,319
194,283
FUND BALANCES
Restricted
Established by donors
83,319
90,388
(7,069)
(110,964)
$
$
Total
Interfund
Total assets
ASSETS
Notes receivable
Allowance for doubtful notes
UNIVERSITY OF ALASKA
Student Loan Funds
Balance Sheet
By Major Administrative Unit
June 30, 2011
$
$
$
65,938
57,788
8,150
65,938
65,938
-
University of
Alaska
Fairbanks
$
$
$
17,381
135,495
(118,114)
17,381
24,450
(7,069)
University of
Alaska
Anchorage
$
$
$
-
-
-
1,000
(1,000)
University of
Alaska
Southeast
Schedule 7.0
Sheet 1 of 1
99
90,388
University of Alaska Southeast
William R. Johnson Loan Fund
Total Student Loan Funds
(6,118)
(9,600)
3,729
65,938
2,000
25,519
47,290
3,118
-
5,799
18,446
205
24,450
$
$
Notes and
Accounts
Receivable
University of Alaska Anchorage
Emergency Student Loan Fund
UAA/Alaska Student/Electronic Loan
Damon Loan Fund
ARCO Emergency Loan Fund
FY84 Shell Emergency Loan Fund
Mat-Su Emergency Student Loan Fund
Total University of Alaska Anchorage
AK Supp Ed Loan Undergrad
Corporate Financial Aid
Emergency Student Loan Fund
Ralph Cernak Loan Fund
Society of American Military Engineering Loan Fund
Alaska Miner's Association Loan Fund
C.E. (Jim) Fritts Memorial Load Fund
Volney R. Standard Loan Fund
Ralph R. Stefano Mechanical Engineering Loan Fund
University Women's Association Art Loan Fund
Total University of Alaska Fairbanks
University of Alaska Fairbanks
General Student Loan Fund
UAF/Sub/Direct Lending/FA
UAF/Un-Sub/Direct Lending/FA
UAF/Plus/Direct Lending/FA
UAF/Sub/Electronic Loan
UAF/Un-Sub/Electronic Loan
Ameri Corps
UNIVERSITY OF ALASKA
Student Loan Funds
Balance Sheet
By Fund
June 30, 2011
(7,069)
(7,069)
-
-
$ (7,069)
$
Allowance
for Doubtful
Notes
$
$
1,000
110,964
100,823
(18,446)
795
5,000
5,000
24,942
118,114
6,118
9,600
2,260
1,000
1,738
2,723
1,383
579
1,500
200
(8,150)
40,676
(25,519)
(47,290)
(3,118)
-
Interfund
$
$
1,000
194,283
99,553
1,000
5,000
5,000
24,942
135,495
5,989
1,000
1,738
2,723
1,383
579
1,500
200
57,788
42,676
-
Fund
Balance
Schedule 7.1
Sheet 1 of 1
100
Balances June 30, 2011
Transfers
Nonmandatory
To unrestricted current funds
Net increase(decrease) in fund balance
Expenditures and other deductions
Provision for doubtful notes
Cancellation and assignment costs
Total expenditures and other deductions
Revenues and other additions
Federal
Interest on loans receivable
Other
Total revenues and other additions
Balances July 1, 2010
UNIVERSITY OF ALASKA
Student Loan Funds
Statement of Changes in Fund Balances
By Major Administrative Unit
Year Ended June 30, 2011
$
$
194,283
110
-
110
110
194,173
Total
$
$
57,788
-
-
-
57,788
University
of Alaska
Fairbanks
$
$
135,495
110
-
110
110
135,385
University
of Alaska
Anchorage
$
$
1,000
-
-
-
1,000
University
of Alaska
Southeast
Schedule 8.0
Sheet 1 of 1
101
194,173
Total Student Loan Funds
$
1,000
1,000
University of Alaska Southeast
William R. Johnson Loan Fund
Total University of Alaska Southeast
42,676
5,989
1,000
1,738
2,723
1,383
579
1,500
200
57,788
99,443
1,000
5,000
5,000
24,942
135,385
$
Balances
July 1, 2010
University of Alaska Anchorage
Emergency Student Loan Fund
Damon Loan Fund
ARCO Emergency Loan Fund
FY84 Shell Emergency Loan Fund
Mat-Su Emergency Student Loan Fund
Total University of Alaska Anchorage
University of Alaska Fairbanks
General Student Loan Fund
Emergency Student Loan Fund
Ralph Cernak Loan Fund
Society of American Military Engineering Loan Fund
Alaska Miner's Association Loan Fund
C.E. (Jim) Fritts Memorial Loan Fund
Volney R. Standard Loan Fund
Ralph R. Stefano Mechanical Engineering Loan Fund
University Women's Association Art Loan Fund
Total University of Alaska Fairbanks
UNIVERSITY OF ALASKA
Student Loan Funds
Statement of Changes in Fund Balances
By Fund
Year Ended June 30, 2011
$
$
-
110
-
110
110
Revenues
$
$
-
-
-
-
Expenditures
& Transfers
$
$
194,283
1,000
1,000
99,553
1,000
5,000
5,000
24,942
135,495
42,676
5,989
1,000
1,738
2,723
1,383
579
1,500
200
57,788
Balances
June 30, 2011
Schedule 8.1
Sheet 1 of 1
102
176,640,804
Total liabilities and fund balances
28,600,562
145,814,917
536,404
15,111
8,810
1,665,000
1,688,921
176,640,804
126,067,330
5,319,056
45,254,418
174,415,479
$
$
$
$
Total
Total fund balances
Designated
Established by donors
FUND BALANCES
Interfund
LIABILITIES
Accounts payable & accrued expenditures
Deposits held in custody for others
Long-term debt
Total liabilities
Total assets
ASSETS
Cash and investments
Notes receivable
Other assets
UNIVERSITY OF ALASKA
Endowment and Similar Funds
Balance Sheet
By Major Administrative Unit
June 30, 2011
$
$
$
$
175,899,391
172,975,036
28,521,749
144,453,287
1,235,434
15,111
8,810
1,665,000
1,688,921
175,899,391
126,024,423
5,319,056
44,555,912
Statewide
Programs
& Services
$
$
$
$
684,212
706,251
70,484
635,767
(22,039)
-
684,212
684,212
University
of Alaska
Fairbanks
$
$
$
$
57,201
734,192
8,329
725,863
(676,991)
-
57,201
42,907
14,294
University
of Alaska
Anchorage
Schedule 9.0
Sheet 1 of 1
103
Balances June 30, 2011
Total transfers
Nonmandatory transfers
To unrestricted current funds
Total mandatory transfers
Transfers
Mandatory transfers
From unrestricted current funds
From restricted current funds
Expenditures and other deductions
Retirement of debt
Revenues and other additions
Endowment investment income
Endowment sales and other proceeds
Total revenues
Balances July 1, 2010
UNIVERSITY OF ALASKA
Endowment and Similar Funds
Statement of Changes in Fund Balances
By Major Administrative Unit
Year Ended June 30, 2011
$
$
174,415,479
(5,733,628)
(5,733,566)
(62)
(31)
(31)
(39,502)
19,464,276
830,232
20,294,508
159,815,097
Total
$
$
172,975,036
(5,733,566)
(5,733,566)
-
-
(115,000)
19,628,103
19,628,103
158,965,499
Statewide
Programs
& Services
$
$
706,251
(73)
-
(73)
(42)
(31)
75,498
(176,502)
800,000
623,498
158,324
University
of Alaska
Fairbanks
$
$
734,192
11
-
11
11
-
-
12,675
30,232
42,907
691,274
University
of Alaska
Anchorage
Schedule 10.0
Sheet 1 of 1
104
Designated for natural resources
Statewide
Natural Resource Control Fund
Tuition Waiver Program
UA Scholars Program administration
University of Alaska Fairbanks
Cooperative Extension Support
NRF MOJ2
UA Press
UA Scholars
University of Alaska Anchorage
UA Scholars
-
-
1,084,102
13,468,435
(695,063)
13,857,474
2
5
7
-
-
-
$
Principal
Additions
(Deductions)
-
93,350,987
3,015,702
31,381,502
2,707,621
130,455,812
1,416
3,691
5,107
Income designated by Board of Regents
Statewide
Land Grant Trust
Land Grant Trust Accumulated Earnings
Grant lands, receivables and other rights
Land Management operating reserve
Total Land Grant Trust Fund
9,453
7,212
2,241
Income restricted for libraries
University of Alaska Fairbanks
J. Mehler
George McLaughlin
Total restricted for libraries
$
Endowment funds
Education and general
Income restricted for archeology,
paleontology and museum
University of Alaska Fairbanks
Otto Geist Memorial, Geist Road
Charles and Hortense Lewis Museum
Total restricted for archeology,
paleontology and museum
Balances
July 1, 2010
UNIVERSITY OF ALASKA
Endowment and Similar Funds Including Related Unexpended Income
Statement of Changes in Fund Balances
By Fund
Year Ended June 30, 2011
$
-
-
-
94,435,089
16,484,137
30,686,439
2,707,621
144,313,286
1,418
3,696
5,114
9,453
7,212
2,241
Balances
June 30, 2011
$
-
-
5,957,353
-
691,581
703,761
1,395,342
-
1,034
1,034
Balances
July 1, 2010
$
2
5
7
3
3
2,098,250
357,431
35
80,000
1,357,125
422,857
198,368
110,463
302,475
905,939
1,208,414
Additions
$
2
5
7
-
-
2,098,250
357,431
35
80,000
1,357,125
(4,778,696)
198,368
110,463
994,056
994,056
Deductions
Unexpended Income
$
-
-
11,158,906
-
1,609,700
1,609,700
-
1,037
1,037
Balances
June 30, 2011
Schedule 10.1
Sheet 1 of 3
105
140,000
Total income allocated for other
Total endowment funds
140,000
131,366,566
14,448,351
-
39,032
3,875
590,870
7,280
68
1,828
659,117
765
2,243
2,391
4,336
642
1,193
3,094
13,857,474
13,857,481
2
2
(32,000)
(41)
580,000
$
Principal
Additions
(Deductions)
1,349
1,128
64,000
6,760
-
756,194
130,455,812
130,470,372
Other Endowment Funds
Income allocated for other
Statewide
Horace Drury
$
Student Aid
Income restricted for scholarships
University of Alaska Fairbanks
Daniel L. Cucurull Memorial
Rose Truett Denmark
John W. Johnson
Harold McCracken Alaska Writing Award
UAF George & Sydney Woll Endowment
University of Alaska Anchorage
Alaska Airmen's Association
Jerry Brutsche Memorial
Stuart B. Fitzhugh Memorial
Damon Foundation Kenai
James H. Estelle Memorial
Mark Arlen Hill Memorial
Don Hood Memorial
Duke Pelton Memorial
Lyla Richards Memorial
Wassily Sommer Memorial
Ed Wayer Aviation
UAA NEH Challenge
UAA NEH Challenge - Accum Earnings
Total student aid
Endowment funds (continued)
Education and general (continued)
Income designated by Board of Regents (continued)
Designated for natural resources (continued)
University of Alaska Southeast
UA Scholars
Total designated for natural resources
Total designated by Board of Regents
Total education and general
Balances
July 1, 2010
UNIVERSITY OF ALASKA
Endowment and Similar Funds including Related Unexpended Income
Statement of Changes in Fund Balances
By Fund
Year Ended June 30, 2011
$
140,000
145,814,917
140,000
7,280
68
1,828
659,117
765
2,243
2,391
4,336
642
1,193
3,094
39,032
3,875
1,347,064
1,351
1,130
32,000
6,719
580,000
144,313,286
144,327,853
Balances
June 30, 2011
$
7,388,137
-
34,408
4,076
160
1,260
18,347
498
1,447
1,616
3,897
463
883
1,761
-
5,957,353
7,352,695
7,353,729
Balances
July 1, 2010
$
6,052,499
-
10
2
876
1
3
3
6
1
2
4
921
2
2
9
-
218,625
4,843,154
6,051,568
6,051,578
Additions
$
643,027
-
7,350
7,363
2
2
9
-
218,625
(358,399)
635,657
635,664
Deductions
Unexpended Income
$
12,797,609
-
27,966
4,086
160
1,262
11,873
499
1,450
1,619
3,903
464
885
1,765
-
11,158,906
12,768,606
12,769,643
Balances
June 30, 2011
Schedule 10.1
Sheet 2 of 3
106
Student Aid
Income designated for scholarships
University of Alaska Fairbanks
General J. B. Steese and A. W. Shiels Prize
University of Alaska Anchorage
Pedro Bay Memorial
Total designated for scholarships
Total quasi-endowment funds
Total endowment and similar funds
Income designated for other
University of Alaska Fairbanks
Otto Geist, Nome Property
E. L. Bartlett
Total designated for other
Income designated for land development
Statewide
College Road Peat Resource Land
Quasi-endowment funds
Education and general
Income designated by Board of Regents
Statewide
Land Grant Trust Fund - Inflation Proofing
Inflation Addition Bunnell Park
Total designated by Board of Regents
$
$
11
(32)
152,031
14,600,382
8,317
13,147
28,448,531
159,815,097
1
1
-
152,062
152,062
(43)
$
$
Principal
Additions
(Deductions)
4,830
65,000
697
65,697
5,907
28,363,780
28,363,780
Balances
July 1, 2010
UNIVERSITY OF ALASKA
Endowment and Similar Funds including Related Unexpended Income
Statement of Changes in Fund Balances
By Fund
Year Ended June 30, 2011
$
$
8,328
13,115
28,600,562
174,415,479
4,787
65,000
698
65,698
5,907
28,515,842
28,515,842
Balances
June 30, 2011
$
$
838,819
8,226,956
-
-
-
823,984
14,835
838,819
Balances
July 1, 2010
$
$
11
18
764,489
6,816,988
7
1
1
-
737,703
26,767
764,470
Additions
$
$
11
18
1,603,308
2,246,335
7
1
1
-
1,561,687
41,602
1,603,289
Deductions
Unexpended Income
$
$
12,797,609
-
-
-
-
Balances
June 30, 2011
Schedule 10.1
Sheet 3 of 3
107
UNIVERSITY OF ALASKA
Education Trust of Alaska
Balance Sheet
June 30, 2011
Total liabilities and fund balances
Restricted fund balances
FUND BALANCES
Interfund
Total liabilities
LIABILITIES
Accounts payable
Deposits held in custody for others
Suspened Accounts
Tuition-value guarantee and other liabilities
Total assets
Interest receivable
Cash and investments
ASSETS
$
$
$
$
12,093,369
7,105,823
(17,404)
5,004,950
1,260
1,144
512,546
4,490,000
12,093,369
236,007
11,857,362
Schedule 11.0
Sheet 1 of 1
108
1,214,461
(850,000)
364,461
7,105,823
Deductions
Other
Administrative expenditures
Provision for Tuition-Value Guarantee
Total deductions
Balance June 30, 2011
$
3,355,186
287,789
1,114,471
1,952,926
$ 4,115,098
Total additions
Additions
Investment income
Investment income
Net realized and unrealized gains and losses
Fees earned
Balance July 1, 2010
UNIVERSITY OF ALASKA
Education Trust of Alaska
Statement of Changes in Fund Balance
Year Ended June 30, 2011
Schedule 12.0
Sheet 1 of 1
109
Total liabilities and fund balances
FUND BALANCES
Unrestricted
Retirement of indebtedness
Renewals and replacements
Restricted
Unexpended
Retirement of indebtedness
Investment in plant
Total fund balances
Interfund
LIABILITIES
Accounts payable and accrued expenses
Capital appropriation advances
Deferred lease revenue
Long-term debt
Total liabilities
ASSETS
Cash and investments
Accounts receivable
State appropriations receivable
Investment in plant, net
Other assets
Total assets
UNIVERSITY OF ALASKA
Plant Funds
Combined Balance Sheet
June 30, 2011
$
$
$
$
963,664,885
15,675,782
1,946,605
1,946,605
1,946,605
4,664,622
825,783,091
848,569,172
(115,216)
6,943,639
6,900,754
13,844,393
8,127,479
1,213,159
6,159,832
175,312
15,675,782
-
$
$
$
$
4,034,328
12,140,526
(16,296,494)
8,096,896
6,900,754
3,522,750
112,871,807
131,392,207
12,785,677
1,213,159
6,159,832
943,330,905
175,312
963,664,885
Total
Unexpended
Plant Funds
Schedule 14.0
$
$
$
$
4,658,198
4,664,622
8,698,950
4,034,328
-
(4,040,752)
-
4,658,198
4,658,198
Retirement of
Indebtedness
Funds
Schedule 16.0
$
$
$
$
-
-
-
12,140,526
12,140,526
(12,140,526)
Renewal and
Replacement
Funds
Schedule 18.0
$
$
$
$
943,330,905
825,783,091
825,783,091
-
-
1,153,257
3,522,750
112,871,807
117,547,814
943,330,905
943,330,905
Investment in
Plant Funds
Schedule 20.0
Schedule 13.0
Sheet 1 of 1
110
4,658,198
12,785,677
Total retirement of indebtedness funds
Total plant funds
$
4,658,163
35
RETIREMENT OF INDEBTEDNESS FUNDS
Cash and investments
General Revenue Bonds, Reserve Fund
General Revenue Bonds, Payment Fund
237,214
7,427,946
462,319
8,127,479
$
Market
Value
Total unexpended plant funds
UNEXPENDED PLANT FUNDS
Cash and investments
General Revenue Bonds, Series O
2010 General Obligation Bonds
IARC, Japanese interest
UNIVERSITY OF ALASKA
Plant Funds
Schedule of Cash and Investments by Project
June 30, 2011
Schedule 13.1
Sheet 1 of 1
111
$
12,785,677
4,658,198
Total retirement of indebtedness funds
Total plant funds
4,658,198
RETIREMENT OF INDEBTEDNESS FUNDS
Funds held in trust
Cash and investments
237,214
7,427,946
462,319
8,127,479
$
Market
Value
Total unexpended plant funds
UNEXPENDED PLANT FUNDS
Cash and investments held by bond trustee
Advance from State on G.O. Bonds
Other short-term funds
UNIVERSITY OF ALASKA
Plant Funds
Schedule of Cash and Investments by Type
June 30, 2011
Schedule 13.2
Sheet 1 of 1
112
8,127,479
1,213,159
6,159,832
175,312
Total liabilities and fund balances
15,675,782
1,946,605
FUND BALANCES
Restricted
13,844,393
6,943,639
6,900,754
(115,216)
$
$
$ 15,675,782
$
Total
Interfund
Total liabilities
LIABILITIES
Accounts payable and accrued expenses
Capital appropriation advances
Total assets
ASSETS
Cash and investments
Accounts and interest receivable
State appropriations receivable
Other assets
UNIVERSITY OF ALASKA
Unexpended Plant Funds
Balance Sheet
June 30, 2011
$
$
$
$
6,159,832
10,272
1,405,890
4,743,670
2,848,947
1,894,723
6,159,832
6,159,832
-
Direct
Appropriation
Funds
$
$
$
$
7,484,758
(25,912)
190,066
7,320,604
3,428,129
3,892,475
7,484,758
7,427,946
56,812
-
G.O.
Bond
Funds
$
$
$
$
237,214
214,873
22,341
-
-
237,214
237,214
-
Revenue
Bond
Funds
$
$
$
$
1,668,666
(75,535)
23,191
1,721,010
607,454
1,113,556
1,668,666
462,319
1,156,347
50,000
Grant
Funds
$
$
$
$
125,312
1,822,907
(1,756,704)
59,109
59,109
-
125,312
125,312
Other
Funds
Schedule 14.0
Sheet 1 of 1
113
Balance June 30, 2011
Additions
State appropriations
Federal grants and contracts
State grants and contracts
State Capital RSA's
UA Foundation grants and contracts
Other Foundation grants and contracts
Interest earned on other invested assets
Total additions
Deductions
Expended for plant facilities
Non-capitalized expenditures
Facilities and administrative costs
Total expended for plant facilities
Transfers
Nonmandatory transfers
Balance July 1, 2010
UNIVERSITY OF ALASKA
Unexpended Plant Funds
Statement of Changes in Fund Balance
Year Ended June 30, 2011
$
$
1,946,605
14,938,995
98,422,764
3,117,715
250,661
101,791,140
75,082,008
7,832,513
2,191,464
1,645,371
205,027
(12,899)
(65,263)
86,878,221
1,920,529
Schedule 15.0
Sheet 1 of 1
114
Note: Transfers are included in deductions.
Total FY07 Direct Approp SLA 2006 Ch. 82
FY07 Direct Appropriation SLA 2006 Ch. 82
UAA Dental Clinic Remodel
UAA Era Aviation Facility Renewal
UAA KPC Science Lab Renewal
UAA MSC Science Lab Renewal
UAA PWS Museum Addition
Total FY06 Direct Approp SLA 2005 Ch. 3
FY06 Direct Appropriation SLA 2005 Ch. 3
UAA Integrated Science Facility Phase I
UAA MAC Housing Sprinkler & Fire Alarm
UAA Student Housing Phase 2
UAA KOC Voc Tech Planning
UAA MSC Campus Addition
UAF Elevator Safety & Maintenance Upgrade
UAF SFOS Facility Lena Point
UAF BB South Addition Completion
UAS Hendrickson Safety/Code Elements
UAS Telecommunications Wiring
-
-
-
-
-
-
FY04 Direct Appropriation SLA 2003 Ch. 82
UAA Elevator Safety
UAA KP Soil Remediation
Total FY04 Direct Approp SLA 2003 Ch. 82
2
FY96 Direct Appropriation SLA 1995 Ch. 103
UAF Virus Free Seed Potatoes
568
9,702
$
Balances
July 1, 2010
FY91 Direct Appropriation SLA 1990 Ch. 208
SW Deferred Maintenance
FY73 Direct Appropriation SLA 1972 Ch. 204
Planning Revolving Fund
Projects
UNIVERSITY OF ALASKA
Unexpended Plant Funds
Statement of Changes in Fund Balances
By Funding Source
Year Ended June 30, 2011
$
-
-
-
66,129
3,460
13,012
(29)
1,515
48,171
738,697
251,014
407
20,113
1,194
36,180
122,231
6,104
139,974
12,970
148,510
46,046
4,097
41,949
Additions
$
-
-
-
66,129
3,460
13,012
(29)
1,515
48,171
738,697
251,014
407
20,113
1,194
36,180
122,231
6,104
139,974
12,970
148,510
46,046
4,097
41,949
Deductions
$
-
-
-
-
-
-
2
9,702
568
Balances
June 30, 2011
Schedule 15.1
Sheet 1 of 10
115
Note: Transfers are included in deductions.
FY09 Direct Appropriation SLA 2008 Ch. 29
SW Butro Data Center
UAA Campus HVAC Upgrades
UAA Campus Roads/Curbs/Sidewalks
UAA Campus Roof Replacement
UAA Cuddy Hall Sewer & Drain Repair
UAA Electrical Feeder/Panel Upgrade
UAA EM1 & EM2 Piping Replacement
UAA Fire Alarm Panel Upgrade
UAA Gas Extraction - Merrill Field
UAA Health Sciences Building
UAA MAC Housing Sprinkler & Fire Alarm
UAA Science Building Renovation
UAA Sports Arena
UAA University Lake Building Roof
UAA Wendy Williamson Auditorium Lighting
UAA KOC Renewal & Replacement
Total FY08 Direct Approp SLA 2007 Ch. 30
FY08 Direct Appropriation SLA 2007 Ch. 30
UAA Library Roof
UAA Maintain Existing Facilities
UAA KOC Maintain Existing Facilities
UAA KPC Maintain Existing Facilities
UAA KPC McLane Roof Replacement Project
UAA MSC Maintain Existing Facilities
UAA PWS Maintain Existing Facilities
UAA PWS Maintenance Shop
UAA PWS Student Housing Renovation
UAF Cooperative Extension 4-H Kenai
UAF KU Bethel Campus Facility Renewal
UAS Anderson Science Building Renovation
Projects
UNIVERSITY OF ALASKA
Unexpended Plant Funds
Statement of Changes in Fund Balances
By Funding Source
Year Ended June 30, 2011
$
Balances
July 1, 2010
-
-
-
$
95,436
79,432
195,416
4,566
216,651
51,787
175,846
52,658
90,331
25,087,702
117,909
771,662
165,244
3,606
2,657
11,513
886,135
2,209
11,333
3,219
647
104,889
28,018
120,421
308
16,750
27,205
568,089
3,047
Additions
$
95,436
79,432
195,416
4,566
216,651
51,787
175,846
52,658
90,331
25,087,702
117,909
771,662
165,244
3,606
2,657
11,513
886,135
2,209
11,333
3,219
647
104,889
28,018
120,421
308
16,750
27,205
568,089
3,047
Deductions
$
-
-
-
Balances
June 30, 2011
Schedule 15.1
Sheet 2 of 10
116
Note: Transfers are included in deductions.
FY10 Direct Appropriation SLA 2009 Ch. 15
SW Butrovich Lighting Controls Replacement
SW Butrovich Retaining Wall
UAA Campus R&R
UAA Homer Land Acquisition
UAA KOC R&R
UAA KPC R&R
UAA MSC R&R
UAA PWS R&R
UAA Wendy Williamson Auditorium Lighting
UAF Arctic Health Renewal Phase 2
UAF Main Waste Line Repairs
UAF Community Campus Energy Conservation
Total FY09 Direct Approp SLA 2008 Ch. 29
FY09 Direct Appropriation SLA 2008 Ch. 29 (continued)
UAA KPC McLane Roof Replacement Project
UAA KPC Officer Orientation & Training
UAA KPC Renewal & Replacement
UAA MSC Renewal & Replacement
UAA PWS Maintenance Building
UAA PWS Renewal & Replacement
UAA PWS Student Housing Renovation
UAF Arctic Health Revitalization Ph 2
UAF Campus Main Sanitary Wasteline
UAF Critical Electrical Distribution
UAF NW Campus Critical Deferred Renewal
UAF TVCC Exterior/Revitalize III
UAS Anderson Building Phase II
UAS Anderson Building Phase III
UAS Paul Building Roof Replacement
Projects
UNIVERSITY OF ALASKA
Unexpended Plant Funds
Statement of Changes in Fund Balances
By Funding Source
Year Ended June 30, 2011
$
Balances
July 1, 2010
-
-
-
$
448
10,855
524
1,975,836
36,525
36,525
36,525
36,525
5,531
1,105
825,032
1,189
36,474,605
325,074
22,475
23,652
57,754
30
44,965
467,250
556,612
102,963
523,673
2,831,233
9,730
2,910,543
1,361,779
114,456
Additions
$
448
10,855
524
1,975,836
36,525
36,525
36,525
36,525
5,531
1,105
825,032
1,189
36,474,605
325,074
22,475
23,652
57,754
30
44,965
467,250
556,612
102,963
523,673
2,831,233
9,730
2,910,543
1,361,779
114,456
Deductions
$
-
-
-
Balances
June 30, 2011
Schedule 15.1
Sheet 3 of 10
117
Note: Transfers are included in deductions.
FY11 Direct Appropriation SLA 2010 Ch. 43
SW Butrovich Supercomputer Energy Conservation Project
UAA Campus Roads, Curbs, Sidewalks
UAA Campus Roof Replacement
UAA Engineering Building Planning
UAA Engineering Building Renewal
UAA MAC Student Housing Fire System Upgrade
UAA McDonald Building Renewal
UAA Mechanical/Electrical Systems Renewal
UAA Science Building Renewal
UAA/SW Engineering Plan
UAA KOC Renewal
UAA KPC Kachemak Bay Completion
UAA KPC Kachemak Bay Campus Renewal
UAA KPC Waterline Connection
UAA MSC HVAC & Boiler Replacement
UAA PWS Campus Renewal
UAF Atkinson Combined Heat & Power
UAF Community Energy Conservation
UAF Critical Electrical
UAF Energy Conservation
UAF Engineering Planning
UAF ETF High Bay Test Module
UAF ETF High Bay Text Module PH 1A
UAF Hess Village Unit 757 Settlement
UAF Main Waste Line Repairs
UAF Moore Hall Structural Correction
FY10 Direct Appropriation SLA 2009 Ch. 15 (continued)
UAS Annual R&R
UAS Annual R&R Community Campuses
Total FY10 Direct Approp SLA 2009 Ch. 15
Projects
UNIVERSITY OF ALASKA
Unexpended Plant Funds
Statement of Changes in Fund Balances
By Funding Source
Year Ended June 30, 2011
$
Balances
July 1, 2010
-
-
$
15,353
26,232
1,200
8,998
915
261,067
21,062
56,676
1,577,747
4,590
1,508
152,654
43,008
471,839
599,782
134,734
1,214,697
296,724
7,769,739
98,658
2,143
84,778
1,325,242
198,369
1,133,371
1,569
29,000
44,172
3,039,792
Additions
$
15,353
26,232
1,200
8,998
915
261,067
21,062
56,676
1,577,747
4,590
1,508
152,654
43,008
471,839
599,782
134,734
1,214,697
296,724
7,769,739
98,658
2,143
84,778
1,325,242
198,369
1,133,371
1,569
29,000
44,172
3,039,792
Deductions
$
-
-
Balances
June 30, 2011
Schedule 15.1
Sheet 4 of 10
118
Note: Transfers are included in deductions.
Revenue Bonds
UAA Series O ISB Parking & Loop Road
UAF Series N BiCS - BiRD
UAF Series N Central Campus Chiller Replacement
UAF Series O Arctic Health Laboratory
UAF Series O Museum Expansion
UAF Series O SFOS Lena Point
UAF Power Plant 1991 Bond Proceeds
Total 2010 General Obligation Bonds
2010 General Obligation Bonds
UAA KPC Career & Technical Education Center
UAA KPC Student Housing
UAA MSC Valley Center for Art/Learning
UAA PWS R&R
UAF Life Sciences Research & Teaching Facility
UAF Life Sciences Working Capital
UAF Life Sciences Steel Design IFA
UAF Life Sciences - AHRG
UAF Life Sciences - UTCE
Total Direct Appropriation
Total FY11 Direct Approp SLA 2010 Ch. 43
FY11 Direct Appropriation SLA 2010 Ch. 43
UAF Skarland
UAF/SW Engineering Plan
UAF KU Critical Deferred/Voc-Tech
UAF TVCC Space Revitalization Phase 4
UAS Community Campus Deferred Maintenance
UAS Deferred Maintenance, Juneau
Projects
UNIVERSITY OF ALASKA
Unexpended Plant Funds
Statement of Changes in Fund Balances
By Funding Source
Year Ended June 30, 2011
$
-
-
1,159
40,754
5,327
26,158
3,258
406,357
44
(882,070)
(882,070)
-
10,272
Balances
July 1, 2010
$
179
(40,754)
-
13,109,780
51,133
37,952
12,621
52,596
9,005,345
1,796,415
522,500
1,325,666
305,552
61,972,227
20,720,823
1,925,710
43,091
80,174
2,864,566
27,428
277,199
Additions
$
21,981
5,327
26,158
193,091
-
12,253,622
51,133
37,952
12,621
52,596
9,005,345
940,257
522,500
1,325,666
305,552
61,972,227
20,720,823
1,925,710
43,091
80,174
2,864,566
27,428
277,199
Deductions
$
(20,643)
3,258
213,266
44
(25,912)
(25,912)
-
10,272
-
-
Balances
June 30, 2011
Schedule 15.1
Sheet 5 of 10
119
Note: Transfers are included in deductions.
Grants
Federal
UAA PWS Energy Efficient Housing Improvements
UAF Arctic Health CANHR Health Clinic
UAF ARRV Construction Administration
UAF ARRV Construction Contracts No F&A
UAF Today is the Future - Supplemental
UAF USDA 515312 Project Balance
UAF BB Reno Grnt Science Lab Clinical
UAF CC T3 Flight Simulator RM Renovation
UAF Ft. Yukon Renovation
UAF Harper Building Renovation
UAF Harper Renovation Tok'ee
UAF KU CANHR Health Clinic
UAF KU Gymnasium & Second Floor Renovation
UAF KU Renovation Completion
UAF NW Campus Renovation
UAS Health Sciences Facilities Renovation
UAS KTN Davit Platform Renovation Yr1
UAS Sitka Renovation CTE Wing
State
UAA FY07 ADA Code Upgrade
UAA FY07 Fire System Upgrade
UAA FY07 Integrated Science Facilities Phase III
UAA FY07 MAC Housing Sprinkler & Fire Alarm
UAA FY07 Psychology PhD Program Renovation
Total Revenue Bonds
Revenue Bonds (continued)
UAS Series K Juneau Readiness Center
UAS Series O Gitkov Renovations
Projects
UNIVERSITY OF ALASKA
Unexpended Plant Funds
Statement of Changes in Fund Balances
By Funding Source
Year Ended June 30, 2011
$
139,664
(27)
431,304
44,955
19,318
-
(40,575)
-
3,056,467
264,423
(49,777)
188,689
265,000
266,887
36,544
222,213
286,577
1,163,948
153,864
305,916
145,929
568,821
98,646
733,593
72,763
52,010
$
Additions
-
499,183
11,126
5,000
Balances
July 1, 2010
$
139,664
(27)
431,304
44,955
19,318
3,056,467
264,423
(49,777)
188,689
265,000
266,887
36,544
222,213
286,577
1,163,948
153,864
305,916
145,929
568,821
98,646
733,593
72,763
52,010
243,735
(2,822)
-
Deductions
$
-
-
214,873
13,948
5,000
Balances
June 30, 2011
Schedule 15.1
Sheet 6 of 10
120
Note: Transfers are included in deductions.
Grants (continued)
State (continued)
UAA FY07 Ward Goodrich Walkway
UAA FY07 KOC ADA Code Upgrade
UAA FY07 KPC Water System Upgrade
UAA FY07 PWS ADA Code Upgrade
UAA FY07 PWS Student Housing Renovation
UAA FY08 Cook Inlet Natural Gas Project
UAA FY08 RITA MCS Frozen Ground Bridge UAA
UAA FY09 ISER AK Energy Plan Development
UAA FY09 Sediment Transport in Lower Ship Creek
UAA Planning & Energy
UAA KP Fire Training Center Repair & Equipment Acquisition
UAF FY06 EMAP Aleutian Island Phase 1
UAF FY06 North Slope Foothills: Hydrologic Analysis
UAF FY06 UA TRC Director
UAF FY07 ADA Compliance
UAF FY07 Alaska-Canada Rail Link Project
UAF FY07 Arctic Health Lab Revitalize
UAF FY07 Campus Wide Fire Alarms
UAF FY07 Campus Wide Residential Sprinkler
UAF FY07 DH&SS Virology Lab
UAF FY07 Elevator Safety-Modernization
UAF FY07 Exterior Pathway-Roadway Light Replace
UAF FY07 Fine Arts Code Corrections
UAF FY07 Gruening Revitalization PhD Psychology
UAF FY07 Hess Commons Asbestos Removal
UAF FY07 Improving Escapement Estimates
UAF FY07 LARS Wash House
UAF FY07 Lynn Canal Marine Habitat Enhancement
UAF FY07 Physical Plant Phase 2 Completion
Projects
UNIVERSITY OF ALASKA
Unexpended Plant Funds
Statement of Changes in Fund Balances
By Funding Source
Year Ended June 30, 2011
$
40,000
23,894
-
Balances
July 1, 2010
$
9,808
7,424
53,386
5,746
160,591
8,544
15,512
745
(3,796)
39,804
208,779
15,978
739,076
684,978
144,298
30,692
16,996
49
101,435
36,202
46,856
16,970
191
(3,849)
235
775
136
Additions
$
9,808
7,424
53,386
5,746
160,591
8,544
15,512
745
(3,796)
39,804
208,779
15,978
739,076
684,978
144,298
30,692
16,996
49
101,435
36,202
46,856
16,970
191
(3,849)
235
775
136
Deductions
$
40,000
23,894
-
Balances
June 30, 2011
Schedule 15.1
Sheet 7 of 10
121
Note: Transfers are included in deductions.
Total Grants
Grants (continued)
State (continued)
UAF FY08 Advanced Monitoring Initiative Phase 1
UAF FY08 RITA MCS ATB Course Material
UAF FY08 RITA MCS Frozen Ground Bridges UAF
UAF FY08 RITA MCS Impact of Fines
UAF FY08 Shishmaref Road Study
UAF FY09 AK Energy Data Inventory FY09&FY10
UAF FY09 Assist w/ AK Energy Plan Development
UAF FY09 Climate Effects On Chinook Salmon
UAF FY09 Eagle Dust Project
UAF FY09 Measure of VOC Vapor Intrusion
UAF FY09 Pile Guided Floats
UAF FY09 RITA MCS Airport Inspection Program
UAF FY09 RITA MCS Bridge Deck Runoff
UAF FY09 RITA MCS Climate Flood Frequency Analysis
UAF FY09 RITA MCS Rainfall Frequency AK Highway
UAF FY09 RITA MCS Rural Dust Addendum
UAF FY09 RITA MCS Rural Dust Strategies
UAF FY09 RITA MCS Shallow Soil Anchors
UAF FY09 RITA MCS Stabilizing w/ Geofibers
UAF FY09 Umiat Corridor Hydrology Project
UAS FY07 Fire Alarm System Replacements
UAS FY07 Sitka Hangar Code Corrections
Private
UAA ANSEP J&L Properties
UAA Lucy Cuddy Pledge
UAF Cultural Kitchen Remodel
UAS Eagle Totem Project
UAS Trail Construction
Projects
UNIVERSITY OF ALASKA
Unexpended Plant Funds
Statement of Changes in Fund Balances
By Funding Source
Year Ended June 30, 2011
$
-
(138,968)
(173,512)
(29,350)
-
Balances
July 1, 2010
$
11,737,495
34,083
29,350
(12,899)
(31,349)
172,944
42,009
(435)
28,147
(183)
10,053
24,995
11,042
47,405
5,421
(432)
13,260
19,966
12,327
5,505
53,946
4,805
5,220
37,830
52,347
304,624
43,856
18,370
Additions
$
11,674,062
(12,899)
(31,349)
172,944
42,009
(435)
28,147
(183)
10,053
24,995
11,042
47,405
5,421
(432)
13,260
19,966
12,327
5,505
53,946
4,805
5,220
37,830
52,347
304,624
43,856
18,370
Deductions
$
(75,535)
(139,429)
-
-
Balances
June 30, 2011
Schedule 15.1
Sheet 8 of 10
122
Note: Transfers are included in deductions.
Other Funds
SW Accumulated Interest Earnings
SW Bragaw Building Leasehold Improvements
UAA Advancement Entry Remodel
UAA AHS 170 Office Remodel
UAA Bookstore Fire Alarm Panel Replacement
UAA CAS Classroom Upgrades
UAA Center for Economic Development
UAA CTC LRC Remodel
UAA Diplomacy 4th Floor
UAA Diplomacy Renovation
UAA EBL Equipment Installation
UAA Eugene Short Fire Alarm Replacement
UAA Fine Arts Fire Alarm Panel Replacement
UAA Hartlieb Bldg Kiln Installation
UAA LRC Remodel
UAA MAC Stairwell/Roof Repairs
UAA Project Management Remodel
UAA PSB Water Line Repair
UAA Rasmuson Hall (7 projects)
UAA Rasmuson Hall Underground Tank Storage
UAA Science Backfill
UAA University Center Heating/Cooling
UAA University Lake Annex
UAA University Lake Building Renovation
UAA Wendy Williamson Auditorium Lighting
UAA KOC Paving
UAA KOC Roof Replacement
UAA KOC Siding Replacement
UAA KPC Goodrich Building Remodel
UAA KPC Goodrich Building Rm 211
Projects
UNIVERSITY OF ALASKA
Unexpended Plant Funds
Statement of Changes in Fund Balances
By Funding Source
Year Ended June 30, 2011
$
441,125
(402,318)
46,106
5,327
51,812
501,919
1,326
214,548
123,066
6,497
325,416
432,958
22,728
1,002
72,269
76,835
91,401
168,850
63,127
-
Balances
July 1, 2010
$
(25,000)
-
Additions
$
124,247
(402,318)
45,392
(1,070)
(90,475)
(42,523)
5,327
51,812
479,078
200,829
(133,868)
(237,478)
(59,176)
(48,551)
22,650
(100,000)
6,497
(133,578)
(131,379)
325,416
432,570
22,727
63,831
76,835
91,401
172,227
61,209
(47,280)
Deductions
$
291,878
714
1,070
90,475
42,523
22,841
1,326
13,719
133,868
237,478
59,176
48,551
100,416
100,000
133,578
131,379
388
1
1,002
8,438
(3,377)
1,918
47,280
Balances
June 30, 2011
Schedule 15.1
Sheet 9 of 10
123
Note: Transfers are included in deductions.
1,920,529
$
Total Unexpended Plant Funds
300,000
62,000
55,870
209,642
(346,238)
(7,546)
(300,000)
(158)
(469,717)
1,440
332,825
350,000
2,432,112
$
Balances
July 1, 2010
Total Other Funds
Other Funds (continued)
UAA KPC Homer Campus Classroom
UAA KPC McLane Roof Replacement
UAA KPC Sign
UAA KPC Water Room
UAA MSC Student Services Remodel
UAF & UA VoIP Ph 1
UAF CANHR Health Clinics
UAF Energy Building Design
UAF ETF High Bay Test Module PH1A-WCA
UAF KUAC Digital TV WCA 141915
UAF MBS Storm Drains
UAF Museum SW
UAF Parrish Land Purchase
UAF Rural Ed Purchase-Dillingham
UAF Signers Hall One Stop Shop Phase 2
UAF WFSC Locker Upgrade
UAF Chukchi Cmps Heating/Ventilation
UAS Auke Lake Trail Project
UAS Bedford Property Purchase
Projects
UNIVERSITY OF ALASKA
Unexpended Plant Funds
Statement of Changes in Fund Balances
By Funding Source
Year Ended June 30, 2011
$
$
86,878,221
99,294
312
123,982
-
Additions
$
$
86,852,145
708,499
300,000
62,000
54,167
(45,808)
208,898
(232,286)
(28,874)
(346,238)
(7,546)
(300,000)
(19)
(6,419)
(124,980)
(469,717)
1,440
415,547
123,982
350,000
Deductions
$
$
1,946,605
1,822,907
1,703
45,808
744
232,286
28,874
(158)
19
6,419
125,292
(82,722)
-
Balances
June 30, 2011
Schedule 15.1
Sheet 10 of 10
124
$
$
$
35
6,459
6,459
(6,424)
-
35
General
Revenue
Payment Fund *
$
$
$
4,658,163
4,658,163
4,658,163
-
-
4,658,163
General
Revenue
Reserve Fund *
$
$
$
-
93,755
93,755
(93,755)
-
-
General
Revenue
Interest Reserve
* Represents payment and reserve funds maintained for general revenue bond issuances of all Major Administrative Units.
4,658,198
Total liabilities and fund balances
(4,040,752)
-
4,658,198
4,034,328
4,664,622
8,698,950
$
$
$
Total
Unrestricted
Restricted
Total fund balance
FUND BALANCES
Interfund
Accounts payable
LIABILITIES
Cash and investments
ASSETS
UNIVERSITY OF ALASKA
Retirement of Indebtedness Funds
Balance Sheet
By Major Administrative Unit
June 30, 2011
$
$
$
-
3,112,200
3,112,200
(3,112,200)
-
-
University of
Alaska
Fairbanks
$
$
$
-
78,373
78,373
(78,373)
-
-
University of
Alaska
Anchorage
$
$
$
-
750,000
750,000
(750,000)
-
-
University of
Alaska
Southeast
Schedule 16.0
Sheet 1 of 1
125
8,698,950
Balances June 30, 2011
-
1
186,047
186,047
115,000
68,577
1,127
184,704
(1,343)
(1,343)
-
3,049,424
13,709,890
80,580
13,790,470
$
$
186,046
6,763,373
4,441,317
36,015
11,240,705
47,829
(131,073)
(83,244)
6,232,429
10,660,466
$
$
Total
Statewide
General
Revenue
Bonds
Series M
Transfers
Mandatory transfers
Educational & General
From unrestricted current funds
Auxiliary enterprise
From unrestricted current funds
Intrafund
Total mandatory transfers
Nonmandatory transfers
Total transfers
Deductions
Retirement of indebtedness
Interest on indebtedness
Other
Total deductions
Additions
Investment income
Amortization of (premium) discount
Total additions
Balances July 1, 2010
UNIVERSITY OF ALASKA
Retirement of Indebtedness Funds
Statement of Changes in Fund Balances
By Major Administrative Unit
Year Ended June 30, 2011
$
$
3,112,200
107,643
35
7,787,564
67,580
7,855,144
7,679,886
3,761,103
2,232,225
20,510
6,013,838
696
(103,858)
(103,162)
1,374,056
University
of Alaska
Fairbanks
Summary
Schedule 17.1
$
$
78,373
2,553,855
15
4,125,530
4,125,530
1,571,660
2,406,270
1,608,642
9,688
4,024,600
23
(22,580)
(22,557)
-
University
of Alaska
Anchorage
Summary
Schedule 17.2
$
$
750,000
387,926
6
1,610,806
1,610,806
1,222,874
481,000
531,873
4,690
1,017,563
(3,292)
(3,292)
160,049
University
of Alaska
Southeast
Summary
Schedule 17.3
$
$
6,459
(57)
(57)
(57)
-
-
49
49
6,467
General
Revenue
Bond
Payment Fund
$
$
4,658,163
-
-
-
6,306
6,306
4,651,857
General
Revenue
Bond
Reserve Fund
$
$
93,755
13,000
13,000
-
-
40,755
40,755
40,000
General
Revenue
Bond
Interest Reserve
Schedule 17.0
Sheet 1 of 1
126
Balances June 30, 2011
$ 3,112,200
-
643,771
643,771
107,643
35
7,787,564
67,580
7,855,144
550,103
93,668
643,771
-
-
643,771
$
$
Lease
Purchases
7,679,886
3,761,103
2,232,225
20,510
6,013,838
Deductions
Retirement of indebtedness
Interest on indebtedness
Other
Total deductions
Transfers
Mandatory transfers
Educational & General
From unrestricted current funds
Auxiliary enterprise
From unrestricted current funds
Intrafund
Total mandatory transfers
Nonmandatory transfers
Total transfers
696
(103,858)
(103,162)
$ 1,374,056
Total
Additions
Investment income
Amortization of (premium) discount
Total additions
Balances July 1, 2010
UNIVERSITY OF ALASKA
Retirement of Indebtedness Funds
Statement of Changes in Fund Balances
University of Alaska Fairbanks
Year Ended June 30, 2011
4,837
4,837
-
$
-
6
1,043,996
1,043,996
1,043,990
630,000
416,410
2,423
1,048,833
$
Series K
$
$
-
4
545,048
545,048
545,044
255,000
285,213
4,772
544,985
(63)
(63)
-
Series L
$
$
-
63,731
63,731
63,731
63,373
633
64,006
275
275
-
Series M
(40,181)
(40,181)
-
$
-
107,643
10
1,619,317
1,619,317
1,511,664
814,000
758,799
6,337
1,579,136
$
Series N
General Revenue Bonds
$
$
-
7
949,458
949,458
949,451
655,000
281,188
2,442
938,630
(10,828)
(10,828)
-
Series O
$
$
-
-
8
1,252,375
1,252,375
1,252,367
857,000
333,574
3,903
1,194,477
(57,898)
(57,898)
Series P
$
$
232,000
232,000
232,000
232,000
-
-
-
Athletics
Debt Service
$
$
647,194
647,000
647,000
647,000
-
194
194
-
Cooling
Debt Service
Elvey Bldg
Patty
$
$
538,000
538,000
538,000
538,000
-
-
-
Arena
Debt Service
$
$
252,944
252,868
252,868
252,868
-
76
76
-
IARC
Debt Service
$ 1,442,062
67,580
67,580
-
-
426
426
$ 1,374,056
WRRB
Sinking Fund
Schedule 17.1
Sheet 1 of 1
Balances June 30, 2011
Transfers
Mandatory transfers
Educational & General
From unrestricted current funds
Auxiliary enterprise
From unrestricted current funds
Intrafund
Total transfers
Deductions
Retirement of indebtedness
Interest on indebtedness
Bond costs
Transfer to escrow agent
Other
Total deductions
Additions
Investment income
Amortization of (premium) discount
Total additions
Balances July 1, 2010
UNIVERSITY OF ALASKA
Retirement of Indebtedness Funds
Statement of Changes in Fund Balances
University of Alaska Anchorage
Year Ended June 30, 2011
127
$
$
-
78,373
-
1,501,492
1,501,492
2,553,855
15
4,125,530
1,168,270
331,730
1,492
1,501,492
-
-
-
$
$
1,571,660
2,406,270
1,608,642
9,688
4,024,600
23
(22,580)
(22,557)
Total
AHFC
Student
Housing
6,711
6,711
-
$
-
1,020,692
1,020,692
455,000
569,372
3,031
1,027,403
$
Series K
$
$
-
-
1
56,073
56,072
25,000
29,903
360
55,263
(810)
(810)
Series M
$
$
-
-
211,129
2
211,131
-
110,000
93,938
831
204,769
(6,362)
(6,362)
Series N
$
$
-
75,498
75,498
45,000
27,686
248
72,934
(2,564)
(2,564)
-
$
$
-
-
841,234
9
841,243
-
335,000
503,801
2,890
841,691
448
448
General Revenue Bonds
Kenai
Series N
Series O
$
$
-
-
3
341,051
341,048
268,000
52,212
836
321,048
(20,003)
(20,003)
Series P
$
$
78,373
78,350
78,350
-
23
23
-
Kenai
Debt Service
Schedule 17.2
Sheet 1 of 1
Balances June 30, 2011
Transfers
Mandatory transfers
Educational & General
From unrestricted current funds
Auxiliary enterprise
From unrestricted current funds
Intrafund
Total transfers
Deductions
Retirement of indebtedness
Interest on indebtedness
Other
Total deductions
Additions
Amortization of (premium) discount
Balances July 1, 2010
UNIVERSITY OF ALASKA
Retirement of Indebtedness Funds
Statement of Changes in Fund Balances
University of Alaska Southeast
Year Ended June 30, 2011
128
$ 750,000
-
393,332
387,926
6
1,610,806
175,000
219,752
1,171
395,923
2,591
-
393,332
$
$
Series K
1,222,874
481,000
531,873
4,690
1,017,563
(3,292)
$ 160,049
Total
$
$
-
4
421,822
421,818
190,000
228,150
2,828
420,978
(844)
-
Series M
$
$
-
137,926
1
137,927
-
81,000
51,838
477
133,315
(4,612)
-
Series N
General Revenue Bonds
$
$
-
1
67,774
67,773
35,000
32,133
214
67,347
(427)
-
Series O
$ 250,000
89,951
89,951
-
-
$ 160,049
DEC Lab
250,000
250,000
-
-
-
$ 250,000
$
Gitkov
250,000
250,000
-
-
-
-
$ 250,000
$
Housing
Schedule 17.3
Sheet 1 of 1
129
Total liabilities and fund balances
FUND BALANCES
Unrestricted
$
-
12,140,526
$ (12,140,526)
LIABILITIES
Interfund
-
$
Total
ASSETS
Investments
UNIVERSITY OF ALASKA
Renewals and Replacements Funds
Balance Sheet
June 30, 2011
$
$
$
-
-
2,705,877
(2,705,877)
Statewide
$
$
$
-
-
2,384,196
(2,384,196)
University
of Alaska
Fairbanks
$
$
$
-
-
5,905,437
(5,905,437)
University
of Alaska
Anchorage
-
$
-
1,145,016
$ (1,145,016)
$
University
of Alaska
Southeast
Schedule 18.0
Sheet 1 of 1
130
Balances June 30, 2011
Transfers
Nonmandatory
Investment income
Balances July 1, 2010
UNIVERSITY OF ALASKA
Renewals and Replacements Funds
Statement of Changes in Fund Balances
By Major Administrative Unit
Year Ended June 30, 2011
$ 12,140,526
3,148,415
3,213
$ 8,988,898
Total
$ 2,705,877
44,521
615
$ 2,660,741
Statewide
$ 2,384,196
330,754
687
$ 2,052,755
University
of Alaska
Fairbanks
$ 5,905,437
2,100,140
1,752
$ 3,803,545
University
of Alaska
Anchorage
673,000
159
471,857
$ 1,145,016
$
University
of Alaska
Southeast
Schedule 19.0
Sheet 1 of 1
Restricted
Total liabilities and fund balances
$
825,783,091
943,330,905
117,547,814
FUND BALANCES
112,871,807
17,289,541
93,780,000
1,802,266
1,153,257
3,522,750
37,980,580
613,228,010
28,989,094
45,558,827
137,427,690
53,653,305
5,493,350
5,786,254
15,143,795
70,000
943,330,905
Total liabilities
$
$
$
Total
Long-term debt
Accounts payable and accrued expenses
Deferred lease revenue
Long-term debt
Notes
Revenue bonds
Installment contracts
LIABILITIES
Investment in plant, net of accumulated depreciation
Land
Buildings
Infrastructure
Equipment
Plant in process of construction
Library books and media
Museum art and artifacts
Other capitalizable assets
Leasehold improvements
Intangible assets
Investment in plant, net
ASSETS
UNIVERSITY OF ALASKA
Investment in Plant Funds
Balance Sheet
By Major Administrative Unit
June 30, 2011
131
$
$
$
$
15,973,497
15,973,497
-
-
-
-
263,418
13,194,403
1,768,068
194,585
36,053
93,008
177,380
246,582
15,973,497
Statewide
Programs
and Services
$
$
$
$
418,963,896
477,508,069
58,544,173
54,023,266
52,221,000
1,802,266
998,157
3,522,750
1,644,065
294,901,337
19,883,916
28,934,331
85,657,124
31,800,073
2,844,458
2,794,996
8,977,769
70,000
477,508,069
University
of Alaska
Fairbanks
Schedule 20.1
$
$
$
$
319,707,677
366,946,646
47,238,969
47,110,541
17,289,541
29,821,000
-
128,428
-
30,477,304
253,457,976
7,099,358
12,482,021
43,657,041
17,444,192
507,568
1,335,774
485,412
366,946,646
University
of Alaska
Anchorage
Schedule 20.2
$
$
$
$
53,773,761
65,538,433
11,764,672
11,738,000
11,738,000
-
26,672
-
5,065,793
38,324,947
1,849,407
1,787,400
7,344,025
3,873,066
381,659
1,478,104
5,434,032
65,538,433
University
of Alaska
Southeast
Schedule 20.3
-
-
-
-
17,364,260
$ 17,364,260
$
530,000
13,349,347
156,413
587,007
574,915
499,921
1,666,657
$ 17,364,260
$
Prince William
Sound
Schedule 20.0
Sheet 1 of 1
132
Restricted
Total liabilities and fund balances
FUND BALANCES
$
418,963,896
477,508,069
58,544,173
Total liabilities
52,221,000
1,802,266
998,157
3,522,750
1,644,065
294,901,337
19,883,916
28,934,331
85,657,124
31,800,073
2,844,458
2,794,996
8,977,769
70,000
477,508,069
54,023,266
$
$
$
Total
Long-term debt
LIABILITIES
Accounts payable and accrued expenses
Deferred lease revenue
Long-term debt
Revenue bonds
Installment contracts
Investment in plant, net of accumulated depreciation
Land
Buildings
Infrastructure
Equipment
Plant in process of construction
Library books and media
Museum art and artifacts
Other capitalizable assets
Leasehold improvements
Intangible assets
Investment in plant, net
ASSETS
UNIVERSITY OF ALASKA
Investment in Plant Funds
Balance Sheet
University of Alaska Fairbanks
June 30, 2011
$
$
$
$
401,781,078
460,325,251
58,544,173
54,023,266
52,221,000
1,802,266
998,157
3,522,750
1,280,723
281,428,458
19,872,049
28,451,581
84,346,975
30,302,509
2,800,680
2,794,507
8,977,769
70,000
460,325,251
Fairbanks
$
$
$
$
2,514,346
2,514,346
-
-
-
-
246,652
1,739,832
163,402
222,213
134,747
7,500
2,514,346
Chukchi
$
$
$
$
9,057,428
9,057,428
-
-
-
-
7,562,398
11,867
65,730
462,113
928,431
26,400
489
9,057,428
Kuskokwim
$
$
$
$
5,611,044
5,611,044
-
-
-
-
116,690
4,170,649
253,618
625,823
434,386
9,878
5,611,044
Northwest
Schedule 20.1
Sheet 1 of 1
133
Restricted
Total liabilities and fund balances
FUND BALANCES
$
319,707,677
366,946,646
47,238,969
Total liabilities
17,289,541
29,821,000
128,428
30,477,304
253,457,976
7,099,358
12,482,021
43,657,041
17,444,192
507,568
1,335,774
485,412
366,946,646
47,110,541
$
$
$
Total
Long-term debt
LIABILITIES
Accounts payable and accrued expenses
Long-term debt
Notes
Revenue bonds
Investment in plant, net of accumulated depreciation
Land
Buildings
Infrastructure
Equipment
Plant in process of construction
Library books and media
Museum art and artifacts
Other capitalizable assets
Leasehold improvements
Investment in plant, net
ASSETS
UNIVERSITY OF ALASKA
Investment in Plant Funds
Balance Sheet
University of Alaska Anchorage
June 30, 2011
46,585,255
46,480,541
17,289,541
29,191,000
104,714
287,679,756
$ 334,265,011
$
29,153,073
231,421,511
4,097,741
11,431,815
42,001,405
14,302,050
388,071
983,933
485,412
$ 334,265,011
$
Anchorage
653,714
630,000
630,000
23,714
19,488,792
$ 20,142,506
$
974,231
14,995,379
1,951,273
589,395
560,924
860,225
114,668
96,411
$ 20,142,506
$
Kenai
Peninsula
-
-
-
-
3,549,224
$ 3,549,224
$
300,000
1,620,530
189,585
82,889
482,309
764,857
1,299
107,755
$ 3,549,224
$
Kodiak
$
$
$
$
8,989,905
8,989,905
-
-
-
-
50,000
5,420,556
860,759
377,922
612,403
1,517,060
3,530
147,675
8,989,905
MatanuskaSusitna
Schedule 20.2
Sheet 1 of 1
134
Restricted
Total liabilities and fund balances
FUND BALANCES
Total liabilities
LIABILITIES
Accounts payable and accrued expenses
Long-term debt
Revenue bonds
Investment in plant, net of accumulated depreciation
Land
Buildings
Infrastructure
Equipment
Plant in process of construction
Library books and media
Museum art and artifacts
Other capitalizable assets
Leasehold improvements
Investment in plant, net
ASSETS
UNIVERSITY OF ALASKA
Investment in Plant Funds
Balance Sheet
University of Alaska Southeast
June 30, 2011
$
$
$
$
53,773,761
65,538,433
11,764,672
11,738,000
26,672
5,065,793
38,324,947
1,849,407
1,787,400
7,344,025
3,873,066
381,659
1,478,104
5,434,032
65,538,433
Total
$
$
$
$
38,249,665
50,014,337
11,764,672
11,738,000
26,672
5,015,363
24,253,841
1,849,407
1,445,330
7,091,588
3,148,381
352,919
1,423,476
5,434,032
50,014,337
Juneau
$
$
$
$
6,855,127
6,855,127
-
-
-
50,430
6,026,712
109,876
72,762
526,719
14,000
54,628
6,855,127
Ketchikan
$
$
$
$
8,668,969
8,668,969
-
-
-
8,044,394
232,194
179,675
197,966
14,740
8,668,969
Sitka
Schedule 20.3
Sheet 1 of 1
135
BUILDINGS
Statewide Programs and Services
University of Alaska Fairbanks
Fairbanks
Chukchi
Kuskokwim
Northwest
University of Alaska Anchorage
Anchorage
Kenai Peninsula
Kodiak
Matanuska-Susitna
University of Alaska Southeast
Juneau
Ketchikan
Sitka
Prince William Sound
Total buildings
LAND
Statewide Programs and Services
University of Alaska Fairbanks
Fairbanks
Chukchi
Northwest
University of Alaska Anchorage
Anchorage
Kenai Peninsula
Kodiak
Matanuska-Susitna
University of Alaska Southeast
Juneau
Ketchikan
Prince William Sound
Total land
UNIVERSITY OF ALASKA
Investment in Plant Funds
Schedule of Changes in Investment in Plant
Year Ended June 30, 2011
$
188,975
3,395,547
500,265
5,094,794
3,436,057
7,169,910
4,069,217
188,097
394,468
441,335
114,456
2,498,716
4,854,166
32,346,003
583,969,248
2,953,742
11,595,033
2,461,120
413,531,139
22,426,371
6,604,842
21,298,723
68,188,378
10,842,579
9,284,135
13,386,394
1,196,399,256
562,153
9,491,390
4,453,210
50,430
530,000
28,489,190
29,857,552
8,530,656
-
20,622,417
974,231
300,000
50,000
398,581
-
$
Additions
882,142
246,652
116,690
263,418
Balances
July 1, 2010
$
Reductions
-
-
-
-
-
-
-
-
$
68,629,713
10,957,035
11,782,851
18,240,560
1,228,745,259
420,701,049
26,495,588
6,792,939
21,693,191
587,364,795
3,454,007
16,689,827
5,897,177
30,046,527
5,015,363
50,430
530,000
37,980,580
29,153,073
974,231
300,000
50,000
1,280,723
246,652
116,690
263,418
Balances
June 30, 2011
$
-
-
-
-
44,375,872
4,930,323
3,738,457
4,891,213
615,517,249
189,279,538
11,500,209
5,172,409
16,272,635
305,936,337
1,714,175
9,127,429
1,726,528
16,852,124
Accumulated
Depreciation
June 30, 2011
Schedule 22.0
$
24,253,841
6,026,712
8,044,394
13,349,347
613,228,010
231,421,511
14,995,379
1,620,530
5,420,556
281,428,458
1,739,832
7,562,398
4,170,649
13,194,403
5,015,363
50,430
530,000
37,980,580
29,153,073
974,231
300,000
50,000
1,280,723
246,652
116,690
263,418
Net Assets
June 30, 2011
Schedule 21.0
Sheet 1 of 5
136
EQUIPMENT
Statewide Programs and Services
University of Alaska Fairbanks
Fairbanks
Chukchi
Kuskokwim
Northwest
University of Alaska Anchorage
Anchorage
Kenai Peninsula
Kodiak
Matanuska-Susitna
University of Alaska Southeast
Juneau
Ketchikan
Sitka
Prince William Sound
Total equipment
INFRASTRUCTURE
Statewide Programs and Services
University of Alaska Fairbanks
Fairbanks
Chukchi
Kuskokwim
Northwest
University of Alaska Anchorage
Anchorage
Kenai Peninsula
Kodiak
Matanuska-Susitna
University of Alaska Southeast
Juneau
Ketchikan
Sitka
Prince William Sound
Total infrastructure
UNIVERSITY OF ALASKA
Investment in Plant Funds
Schedule of Changes in Investment in Plant
Year Ended June 30, 2011
$
672,605
8,382,088
56,107
52,850
3,944,842
257,540
33,823
106,026
525,948
11,881
84,266
289,065
14,417,041
117,090,546
246,718
240,873
386,907
33,356,772
1,206,462
289,730
1,127,911
3,870,128
560,317
557,073
877,693
171,027,882
198,944
173,792
1,760,209
5,909,314
61,191,500
11,216,752
398,141
640,756
210,650
-
11,161,368
1,747,945
1,209,046
137,926
-
$
Additions
40,791,485
135,772
-
236,570
Balances
July 1, 2010
$
-
-
-
-
653,513
18,459
64,297
82,403
10,234,136
613,929
37,740
32,555
24,770
6,150,368
7,912
13,126
19,127
2,515,937
Reductions
$
3,742,563
553,739
577,042
1,084,355
175,210,787
36,687,685
1,426,262
290,998
1,209,167
119,322,266
294,913
227,747
420,630
9,373,420
6,108,258
173,792
62,951,709
11,559,509
2,388,701
210,650
1,209,046
40,929,411
135,772
-
236,570
Balances
June 30, 2011
$
2,297,233
443,863
344,848
497,348
129,651,960
25,255,870
836,867
208,109
831,245
90,870,685
131,511
162,017
167,012
7,605,352
4,258,851
17,379
33,962,615
7,461,768
437,428
21,065
348,287
21,057,362
123,905
-
236,570
Accumulated
Depreciation
June 30, 2011
Schedule 22.0
$
-
1,445,330
109,876
232,194
587,007
45,558,827
11,431,815
589,395
82,889
377,922
28,451,581
163,402
65,730
253,618
1,768,068
1,849,407
156,413
28,989,094
4,097,741
1,951,273
189,585
860,759
19,872,049
11,867
-
Net Assets
June 30, 2011
Schedule 21.0
Sheet 2 of 5
137
LIBRARY BOOKS AND MEDIA
Statewide Programs and Services
University of Alaska Fairbanks
Fairbanks
Chukchi
Kuskokwim
Northwest
University of Alaska Anchorage
Anchorage
Kenai Peninsula
Kodiak
Matanuska-Susitna
University of Alaska Southeast
Juneau
Ketchikan
Sitka
Prince William Sound
Total library books and media
PLANT IN PROCESS OF CONSTRUCTION
Statewide Programs and Services
University of Alaska Fairbanks
Fairbanks
Chukchi
Kuskokwim
Northwest
University of Alaska Anchorage
Anchorage
Kenai Peninsula
Kodiak
Matanuska-Susitna
University of Alaska Southeast
Juneau
Ketchikan
Sitka
Prince William Sound
Total plant in process of construction
UNIVERSITY OF ALASKA
Investment in Plant Funds
Schedule of Changes in Investment in Plant
Year Ended June 30, 2011
$
449,500
4,327
74,480
198
410,806
9,603
16,617
45,165
55,068
10,519
11,167
1,087,450
29,853,009
130,420
853,951
434,188
13,891,244
850,622
748,240
1,471,895
3,093,313
516,200
197,966
488,754
52,565,855
5,528,808
187,219
766,198
4,056,072
127,871,122
4,259,459
1,912,193
1,560,018
55,075,722
36,053
39,326,032
3,970,268
217,955
821,301
18,926,795
1,403,926
668,985
206,387
237,122
66,953,739
687,760
1,661,592
3,457,056
$
Additions
21,456,665
34,718
3,895,315
604,823
146,438
Balances
July 1, 2010
$
-
-
-
-
2,696,679
114,457
2,498,716
5,041,175
45,519,154
16,251,422
4,813,270
404,631
415,285
4,063,429
500,265
5,094,794
3,436,056
188,975
Reductions
$
3,148,381
526,719
197,966
499,921
53,653,305
14,302,050
860,225
764,857
1,517,060
30,302,509
134,747
928,431
434,386
36,053
7,091,588
72,762
179,675
574,915
137,427,690
42,001,405
560,924
482,309
612,403
84,346,975
222,213
462,113
625,823
194,585
Balances
June 30, 2011
$
Accumulated
Depreciation
June 30, 2011
Schedule 22.0
-
-
-
-
-
-
-
-
$
3,148,381
526,719
197,966
499,921
53,653,305
14,302,050
860,225
764,857
1,517,060
30,302,509
134,747
928,431
434,386
36,053
7,091,588
72,762
179,675
574,915
137,427,690
42,001,405
560,924
482,309
612,403
84,346,975
222,213
462,113
625,823
194,585
Net Assets
June 30, 2011
Schedule 21.0
Sheet 3 of 5
138
OTHER CAPITALIZABLE ASSETS
Statewide Programs and Services
University of Alaska Fairbanks
Fairbanks
Kuskokwim
Northwest
University of Alaska Anchorage
Anchorage
Kenai Peninsula
Kodiak
Matanuska-Susitna
University of Alaska Southeast
Juneau
Ketchikan
Total other capitalizable assets
MUSEUM ART AND ARTIFACTS
Statewide Programs and Services
University of Alaska Fairbanks
Fairbanks
Chukchi
Kuskokwim
Northwest
University of Alaska Anchorage
Anchorage
Kenai Peninsula
Kodiak
Matanuska-Susitna
University of Alaska Southeast
Juneau
Ketchikan
Sitka
Prince William Sound
Total museum art and artifacts
UNIVERSITY OF ALASKA
Investment in Plant Funds
Schedule of Changes in Investment in Plant
Year Ended June 30, 2011
$
103,297
1,491,244
1,594,541
13,370,126
368,559
95,600
5,665,743
93,195
301,962
407,319
1,501,680
381,227
22,427,293
94,855
352,919
14,000
14,740
1,666,657
5,398,495
241,882
40,050
10,450
-
348,021
104,218
1,299
3,530
44,355
-
$
Additions
2,756,325
7,500
26,400
9,878
93,008
Balances
July 1, 2010
$
Reductions
-
-
-
-
-
-
-
-
$
2,992,924
381,227
24,021,834
5,665,743
196,492
301,962
407,319
13,370,126
368,559
95,600
241,882
352,919
14,000
14,740
1,666,657
5,493,350
388,071
114,668
1,299
3,530
2,800,680
7,500
26,400
9,878
93,008
Balances
June 30, 2011
$
-
-
-
-
1,569,448
326,599
18,235,580
4,681,810
100,081
194,207
259,644
10,575,619
368,070
95,600
64,502
Accumulated
Depreciation
June 30, 2011
Schedule 22.0
$
1,423,476
54,628
5,786,254
983,933
96,411
107,755
147,675
2,794,507
489
-
177,380
352,919
14,000
14,740
1,666,657
5,493,350
388,071
114,668
1,299
3,530
2,800,680
7,500
26,400
9,878
93,008
Net Assets
June 30, 2011
Schedule 21.0
Sheet 4 of 5
139
Total investment in plant
INTANGIBLE ASSETS
University of Alaska Fairbanks
Fairbanks
Total intangible assets
LEASEHOLD IMPROVEMENTS
Statewide Programs and Services
University of Alaska Fairbanks
Fairbanks
University of Alaska Anchorage
Anchorage
University of Alaska Southeast
Juneau
Total leasehold improvements
UNIVERSITY OF ALASKA
Investment in Plant Funds
Schedule of Changes in Investment in Plant
Year Ended June 30, 2011
$
$
1,619,555,936
$
188,662,611
-
-
6,233,223
26,630,743
350,000
350,000
-
589,229
-
$
Additions
19,029,611
778,680
Balances
July 1, 2010
$
$
-
57,476,618
-
1,723,328
-
1,723,328
Reductions
$
$
1,750,741,929
350,000
350,000
6,233,223
24,907,415
589,229
17,306,283
778,680
Balances
June 30, 2011
$
$
807,411,024
280,000
280,000
799,191
9,763,620
103,817
8,328,514
532,098
Accumulated
Depreciation
June 30, 2011
Schedule 22.0
$
$
943,330,905
70,000
70,000
5,434,032
15,143,795
485,412
8,977,769
246,582
Net Assets
June 30, 2011
Schedule 21.0
Sheet 5 of 5
140
UNIVERSITY OF ALASKA FAIRBANKS
Fairbanks
Arctic Health Building
ARRV Equipment Construction
Atkinson Building
BIOS Building
Bioscience Research and Diagnostic (BIRD)
Bristol Bay Addition
Constitution Hall
Critical Electrical Distribution
Cutler Apartments
Energy Building
ETF High Bay Test Module
Ft. Yukon Renovation
Harper Building
Hess Village
Irving Building II
Life Sciences Building
Main Sanitary Wasteline
Moore Hall
O'Neill Building
Parrish Land Purchase
Patty Center ADA
Rasmuson Library
Roadway Light Replacement
Rural Ed Purchase-Dillingham
STATEWIDE PROGRAMS AND SERVICES
Butrovich Building
Butrovich Data Center
President's Home - Upgrades
Total Statewide
UNIVERSITY OF ALASKA
Investment In Plant Funds
Schedule of Changes in Construction Work in Progress
Year Ended June 30, 2011
$
41,131
8,761,786
1,258,716
62,293
241,048
4,496,750
347,269
346,237
7,546
901,310
543,262
32,345
882,070
136,903
24,175
69,930
101,724
-
72,942
73,496
146,438
Balances
July 1, 2010
$
998,159
29,710,566
1,271,619
250,000
215,519
621,270
8,293,412
405,348
1,780,712
286,577
1,582,812
198,369
228,371
12,093,337
2,061,366
1,569
398,581
46,746
141,260
36,202
20
26,208
95,435
115,479
237,122
Additions and
Reclassifications
$
728,173
56,922
250,000
690,148
536,117
24,175
398,581
46,746
141,260
137,926
-
188,975
188,975
Completed
Projects
$
311,117
38,472,352
1,214,697
1,258,716
277,812
172,170
12,790,162
216,500
346,237
1,788,258
1,187,887
2,126,074
230,714
228,371
12,975,407
2,198,269
1,569
69,930
20
26,208
168,377
194,585
Balances
June 30, 2011
Schedule 21.1
Sheet 1 of 5
141
Northwest
Brown Learning Resource Center
Campus Critical Deferred Renewal
Nagozruk Building
Total Northwest
Total University of Alaska Fairbanks
Kuskokwim
Campus Renovation
CANHR Health Clinic
Cultural Center Kitchen
Heat Exchanger
Voc Tech Gymnasium & 2nd Floor
Voc Tech Main Mechanical Room
Total Kuskokwim
Chukchi
Campus Heating and Ventilation
T3 Flight Simulator Renovation
Total Chukchi
UNIVERSITY OF ALASKA FAIRBANKS (continued)
Fairbanks (continued)
SFOS Lena Point Construction
Signers Hall One Stop Shop
Skarland Hall
Stuart Hall
TVC Allied Health
USDA Palmer Greenhouse
Virology Lab DH&SS
VOIP Project
Total Fairbanks
UNIVERSITY OF ALASKA
Investment In Plant Funds
Schedule of Changes in Construction Work in Progress
Year Ended June 30, 2011
$
604,823
604,823
25,991,521
3,879,397
4,705
11,213
3,895,315
34,718
34,718
835,693
418,848
37,243
1,910,386
21,456,665
Balances
July 1, 2010
$
98,646
2,831,233
527,177
3,457,056
72,760,147
1,136,909
311,479
(12,899)
145,929
80,174
1,661,592
465,547
222,213
687,760
173,112
7,333
1,925,710
147,296
2,864,566
40,944
1,172,963
66,953,739
Additions and
Reclassifications
$
$
3,436,056
3,436,056
13,094,544
5,016,306
(12,899)
11,213
80,174
5,094,794
500,265
500,265
173,112
843,026
37,243
4,063,429
Completed
Projects
$
98,646
527,177
625,823
85,657,124
316,184
145,929
462,113
222,213
222,213
1,925,710
147,296
3,283,414
1,951,330
1,172,963
84,346,975
Balances
June 30, 2011
Schedule 21.1
Sheet 2 of 5
142
UNIVERSITY OF ALASKA ANCHORAGE
Anchorage
Administration Building
Auto/Diesel Tech Fire Sprinkler
Bookstore EM1 & EM2 Piping Replacement
Building K
Business Ed Building ADA Code Upgrade
Campus HVAC
Campus Roads/curbs/Sidewalks
CAS Building
Diplomacy Building
Ecosystem/Biomedical Health Facility Equipment Installation
Engineering Building
ERA Aviation Facility Renewal
Eugene Short Building
Health Sciences Building
Integrated Science Facility
Land Acquisitions
Lucy Cuddy Center
MAC Fire System Upgrade
Merrill Field - Gas Extraction
Nursing/Allied Health Building
Plum Building WWAMI Lab Upgrades
Science Facility
Science/Biomedical Facilities
Sports Arena
U-Med Professional Park Land Purchase
University Center Heating/Cooling
University Lake Building
Voc Rehab Building
Wendy Williamson
Total Anchorage
UNIVERSITY OF ALASKA
Investment In Plant Funds
Schedule of Changes in Construction Work in Progress
Year Ended June 30, 2011
$
8,894
71,188
134,690
160,297
6,772
103,468
202,725
39,817
71,851
512,837
10,727,507
48,076
217,005
883,438
475,627
500,000
19,719
1,381,500
77,708
3,225,723
17,153
11,843
28,957
18,926,795
Balances
July 1, 2010
$
50,459
221,648
11,473
861,862
204,792
8,998
13,012
35,489
24,559,121
588,921
417,861
388,965
90,330
2,667,808
165,244
8,530,655
432,570
4,806
72,018
39,326,032
Additions and
Reclassifications
$
8,894
71,188
210,756
6,772
398,141
11,473
901,679
276,643
525,849
588,921
495,202
1,272,403
19,719
2,471,561
8,530,655
449,723
11,843
16,251,422
Completed
Projects
$
134,690
103,468
26,232
8,998
35,489
35,286,628
48,076
139,664
565,957
500,000
1,577,747
77,708
3,390,967
4,806
100,975
42,001,405
Balances
June 30, 2011
Schedule 21.1
Sheet 3 of 5
143
UNIVERSITY OF ALASKA SOUTHEAST
Juneau
Anderson Building
Auke LakeTrail Project
Matanuska-Susitna
Center for Art/Learning
Kertula HVAC & Boiler
Student Services Remodel
VOIP Project
Total Matanuska-Susitna
Total University of Alaska Anchorage
Kodiak
Benny Benson Hall Siding
Vocational-Technical Building
VOIP Project
Total Kodiak
UNIVERSITY OF ALASKA ANCHORAGE (continued)
Kenai Peninsula
Career & Technical Education Center
Goodrich Building
Homer Land Acquisition - Kachemak Bay Classroom
McLane Building Roof Replacement
McLane Building Science Lab Renewal
Physical Plant
Sign
Student Housing
VOIP Project
Water System Upgrade
Waterline Connection
Total Kenai Peninsula
UNIVERSITY OF ALASKA
Investment In Plant Funds
Schedule of Changes in Construction Work in Progress
Year Ended June 30, 2011
$
2,726,493
519,603
185,570
20,817
206,387
21,206,093
3,311
488,193
177,481
668,985
71,334
488,344
86,378
73,000
148,924
1,095
489,187
45,664
1,403,926
Balances
July 1, 2010
$
4,275,369
311,455
12,621
599,782
208,898
821,301
44,335,556
184,786
33,169
217,955
51,133
61,209
2,592,104
547,924
102,202
37,952
52,519
53,386
471,839
3,970,268
Additions and
Reclassifications
$
831,058
394,468
20,817
415,285
21,884,608
188,097
5,884
210,650
404,631
132,543
3,080,448
634,302
73,000
148,924
103,297
541,706
99,050
4,813,270
Completed
Projects
$
7,001,862
-
12,621
599,782
612,403
43,657,041
482,309
482,309
51,133
37,952
471,839
560,924
Balances
June 30, 2011
Schedule 21.1
Sheet 4 of 5
144
1,118,948
280,379
160,691
1,560,018
$ 55,075,722
PRINCE WILLIAM SOUND
Energy Efficient Cost Effective House Improvement
Growden-Harrison Building
Museum Acquisition and Addition
Student Housing
VOIP Project
Total Prince William Sound
Total plant in process of construction
-
34,351
247,603
193,732
50,435
487,242
4,259,459
109,295
1,686,898
116,000
1,912,193
6,171,652
$
Balances
July 1, 2010
Sitka
Air Conditioning Unit
Classroom (Hangar 332) Phase IV
CTE Wing
Health Sciences Facilities
Welding Project
Total Sitka
Total University of Alaska Southeast
Ketchikan
KTN Davit Platform
Paul Classroom
Total Ketchikan
UNIVERSITY OF ALASKA SOUTHEAST (continued)
Juneau (continued)
Bedford Property Purchase
Eagle Totem Project
Egan Roof
Sewage Lift Station
Student Housing
Telecommunications Wiring
Trail Construction
Total Juneau
UNIVERSITY OF ALASKA
Investment In Plant Funds
Schedule of Changes in Construction Work in Progress
Year Ended June 30, 2011
$
$
127,871,122
3,042,432
307,752
48,196
644,591
13,101
4,056,072
6,980
18,370
52,010
688,838
766,198
6,482,225
72,762
114,457
187,219
562,153
(31,348)
89,726
148,509
172,944
5,528,808
Additions and
Reclassifications
$
$
45,519,154
4,161,380
13,216
48,196
644,591
173,792
5,041,175
6,980
2,375,736
116,000
2,498,716
5,309,852
114,457
114,457
562,153
3,003
247,603
193,732
198,944
660,186
2,696,679
Completed
Projects
574,915
574,915
127,665
52,010
179,675
7,344,025
72,762
72,762
89,726
7,091,588
$ 137,427,690
$
Balances
June 30, 2011
Schedule 21.1
Sheet 5 of 5
145
ACCUMULATED DEPRECIATION-INFRASTRUCTURE
Statewide Programs and Services
University of Alaska Fairbanks
Fairbanks
Kuskokwim
University of Alaska Anchorage
Anchorage
Kenai Peninsula
Kodiak
Matanuska-Susitna
University of Alaska Southeast
Juneau
Prince William Sound
Total accumulated depreciation-infrastructure
ACCUMULATED DEPRECIATION-BUILDINGS
Statewide Programs and Services
University of Alaska Fairbanks
Fairbanks
Chukchi
Kuskokwim
Northwest
University of Alaska Anchorage
Anchorage
Kenai Peninsula
Kodiak
Matanuska-Susitna
University of Alaska Southeast
Juneau
Ketchikan
Sitka
Prince William Sound
Total accumulated depreciation-buildings
UNIVERSITY OF ALASKA
Investment in Plant Funds
Schedule of Changes in Accumulated Depreciation
Year Ended June 30, 2011
$
1,140,708
6,139
435,208
103,038
21,065
51,802
143,041
17,379
1,918,380
19,916,654
117,766
7,026,560
334,390
296,485
4,115,810
32,044,235
2,567,586
364,867
377,829
699,237
40,931,370
41,808,286
4,565,456
3,360,628
4,191,976
574,632,750
236,570
14,796,983
654,379
121,794
551,318
174,482,555
10,845,830
5,050,615
15,721,317
1,132,864
18,698,493
91,278
666,637
208,105
$
Additions
287,284,715
1,622,897
8,460,792
1,518,423
15,719,260
Balances
July 1, 2010
$
-
-
-
-
-
(46,871)
-
(46,871)
-
Reductions
$
4,258,851
17,379
33,962,615
7,461,768
437,428
21,065
348,287
21,057,362
123,905
236,570
44,375,872
4,930,323
3,738,457
4,891,213
615,517,249
189,279,538
11,500,209
5,172,409
16,272,635
305,936,337
1,714,175
9,127,429
1,726,528
16,852,124
Balances
June 30, 2011
Schedule 22.0
Sheet 1 of 3
146
$
ACCUMULATED DEPRECIATION-OTHER CAPITALIZABLE ASSETS
Statewide Programs and Services
University of Alaska Fairbanks
Fairbanks
Kuskokwim
Northwest
University of Alaska Anchorage
Anchorage
Kenai Peninsula
Kodiak
Matanuska-Susitna
University of Alaska Southeast
Juneau
Ketchikan
Total accumulated depreciation-other capitalizable assets
ACCUMULATED DEPRECIATION-EQUIPMENT
Statewide Programs and Services
University of Alaska Fairbanks
Fairbanks
Chukchi
Kuskokwim
Northwest
University of Alaska Anchorage
Anchorage
Kenai Peninsula
Kodiak
Matanuska-Susitna
University of Alaska Southeast
Juneau
Ketchikan
Sitka
Prince William Sound
Total accumulated depreciation-equipment
UNIVERSITY OF ALASKA
Investment in Plant Funds
Schedule of Changes in Accumulated Depreciation
Year Ended June 30, 2011
16,125
356,899
3,570
105,361
6,886
12,865
19,679
109,965
10,925
642,275
10,218,720
364,500
95,600
4,576,449
93,195
181,342
239,965
1,459,483
315,674
17,593,305
268,445
28,235
60,352
99,055
12,516,483
2,621,758
434,087
340,976
480,696
125,911,729
48,377
2,277,328
84,830
18,938
73,831
23,755,538
788,732
220,653
782,184
(1,548,472)
11,081,070
27,993
16,582
28,296
$
Additions
86,605,073
111,430
166,956
151,466
9,452,180
Balances
July 1, 2010
$
-
-
-
-
(592,970)
(18,459)
(56,480)
(82,403)
(8,776,252)
(776,996)
(36,695)
(31,482)
(24,770)
(6,815,458)
(7,912)
(21,521)
(12,750)
(298,356)
Reductions
$
1,569,448
326,599
18,235,580
4,681,810
100,081
194,207
259,644
10,575,619
368,070
95,600
64,502
2,297,233
443,863
344,848
497,348
129,651,960
25,255,870
836,867
208,109
831,245
90,870,685
131,511
162,017
167,012
7,605,352
Balances
June 30, 2011
Schedule 22.0
Sheet 2 of 3
147
ACCUMULATED DEPRECIATION-INTANGIBLE ASSETS
University of Alaska Fairbanks
Fairbanks
Total accumulated depreciation
$
ACCUMULATED DEPRECIATION-LEASEHOLD IMPROVEMENTS
Statewide Programs and Services
$
University of Alaska Fairbanks
Fairbanks
University of Alaska Anchorage
Anchorage
University of Alaska Southeast
Juneau
Total accumulated depreciation-leasehold improvements
UNIVERSITY OF ALASKA
Investment in Plant Funds
Schedule of Changes in Accumulated Depreciation
Year Ended June 30, 2011
$
35,000
57,170,406
133,350
1,126,898
665,841
9,915,776
245,000
760,342,795
16,835
86,982
155,736
820,977
$
Additions
8,786,591
376,362
Balances
July 1, 2010
(1,279,054)
-
(1,279,054)
-
$ (10,102,177)
$
Reductions
$
$
280,000
807,411,024
799,191
9,763,620
103,817
8,328,514
532,098
Balances
June 30, 2011
Schedule 22.0
Sheet 3 of 3
148
1.40-5.00%
3.00-4.70%
3.25-4.75%
3.00-5.00%
3.375-4.25%
2.00-5.00%
1.826%
Interest
Rate
Jan, Apr, Jul, Oct 15
Jan, Apr, Jul, Oct 15
Jan, Apr, Jul, Oct 15
Jan, Apr, Jul, Oct 15
Jan, Apr, Jul, Oct 15
Jan, Apr, Jul, Oct 15
Oct 1, Apr 1
Oct 1, Apr 1
Oct 1, Apr 1
Oct 1, Apr 1
Oct 1, Apr 1
Oct 1, Apr 1
Aug 1, Feb 1
Interest
Payment
Date
04-14-06
11-20-06
06-15-07
06-16-08
03-17-09
06-24-10
07-31-02
12-09-03
01-08-04
08-31-05
01-31-08
12-08-09
05-14-97
Issue
Date
04-15-16
10-15-16
04-15-17
04-15-13
01-15-14
04-15-17
10-01-28
10-01-30
10-01-28
10-01-35
10-01-33
10-01-23
02-01-24
Final
Maturity
Date
$
$
147,928,697
863,755
1,116,796
136,074
152,795
1,049,473
249,804
3,568,697
33,515,000
9,970,000
8,680,000
24,355,000
23,795,000
14,045,000
114,360,000
30,000,000
Authorized/
Issued
$
$
35,056,890
468,489
668,976
47,855
88,148
450,211
42,752
1,766,431
8,535,000
3,350,000
1,370,000
3,530,000
2,670,000
1,125,000
20,580,000
12,710,459
Retired
395,266
447,820
88,219
64,647
599,262
207,052
1,802,266
24,980,000
6,620,000
7,310,000
20,825,000
21,125,000
12,920,000
93,780,000
17,289,541
$ 112,871,807
$
Outstanding
June 30, 2011
Schedule 23.0
Sheet 1 of 1
Note: Series M Revenue Bonds reported above do not include Authorized/Issued amount of $2,390,000, Retired amount of $725,000 and Outstanding at June 30, 2011
amount of $1,665,000 for debt on the University Lake Building. This is reported in the Endowment fund group. See Schedule 9.0.
Total long-term debt
Equipment and Other Financings
Key Government Financial
4.77%
Key Government Financial
4.677%
Key Government Financial
4.53%
Key Government Financial
4.35%
Key Government Financial
4.06%
Key Government Financial
4.418%-4.652%
Total equipment and other financings
Revenue Bonds
General 2002, Series K
General 2003, Series L
General 2004, Series M
General 2005, Series N
General 2008, Series O
General 2009, Series P
Total revenue bonds
Notes Payable
UAA Housing
UNIVERSITY OF ALASKA
Investment in Plant Funds
Schedule of Long-term Debt
Year Ended June 30, 2011