Hospital services
Revenue & Expenses associated with a hospital operated by the postsecondary institution (but
not as a component unit) and reported as a part of the institution. This classification includes
nursing expenses, other professional services, general services, administrative services, and
fiscal services. Also included are information technology expenses, actual or allocated costs for
operation and maintenance of plant, and depreciation related to hospital capital assets. FASB
institutions also charge or allocate interest expense to hospitals.
In-district student
A student who is a legal resident of the locality in which he/she attends school and thus is
entitled to reduced tuition charges if offered by the institution.
In-district tuition
The tuition charged by the institution to those students residing in the locality in which they
attend school. This may be a lower rate than in-state tuition if offered by the institution.
In-state student
A student who is a legal resident of the state in which he/she attends school.
In-state tuition
The tuition charged by institutions to those students who meet the state's or institution's
residency requirements.
Independent operations (expenses)
Expenses associated with operations that are independent of or unrelated to the primary
missions of the institution (i.e., instruction, research, public service) although they may
contribute indirectly to the enhancement of these programs. This category is generally limited to
expenses of a major federally funded research and development center. Also includes
information technology expenses, actual or allocated costs for operation and maintenance of
plant, and depreciation related to the independent operations. FASB institutions also charge or
allocate interest expense to independent operations. Expenses of operations owned and
managed as investments of the institution's endowment funds are excluded.
Independent operations (revenues)
Revenues associated with operations independent of or unrelated to the primary missions of
the institution (i.e., instruction, research, public service) although they may contribute indirectly
to the enhancement of these programs. Generally includes only those revenues associated
with major federally funded research and development centers. Net profit (or loss) from
operations owned and managed as investments of the institution's endowment funds is
excluded.
Indirect Cost Recovery
Revenues derived from indirect cost reimbursements.
Institution's staff (not in medical schools)
Term used to describe all staff employed by or employees working in a postsecondary
institution, except those employed by or working in the medical school component of the
institution. Includes staff employed by or employees working in the postsecondary component
of a hospital or medical center that offers postsecondary education as one of its primary
missions; also includes those working in first-professional schools (e.g., law schools, dental
schools, schools optometry) except medical schools.
Institutional Characteristics (IC)
195
