FY11-SIU-Comp-Supplementary-Info-Full

              STATE OF ILLINOIS
SOUTHERN ILLINOIS UNIVERSITY
SUPPLEMENTARY INFORMATION
FOR STATE COMPLIANCE PURPOSES
AND REPORT OF INDEPENDENT AUDITORS
Year ended June 30, 2011
Performed as Special Assistant
Auditors for the Auditor General,
State of Illinois
Crowe Horwath LLP
Independent Member Crowe Horwath International
CONTENTS
Page
SUPPLEMENTARY INFORMATION FOR STATE COMPLIANCE PURPOSES
SUMMARY 1
INDEPENDENT AUDITORS’ REPORT ON
SUPPLEMENTARY INFORMATION FOR
STATE COMPLIANCE PURPOSES 2
FISCAL SCHEDULES AND ANALYSIS
SCHEDULE OF APPROPRIATIONS, EXPENDITURES
AND LAPSED BALANCES – BUDGETARY BASIS 3
COMPARATIVE SCHEDULE OF APPROPRIATIONS,
EXPENDITURES AND LAPSED BALANCES –
BUDGETARY BASIS 4
SCHEDULE OF INCOME FUND REVENUES AND
EXPENDITURES
CARBONDALE 5
EDWARDSVILLE 6
SCHEDULE OF CASH AND INVESTMENTS – BY DEPOSITORY 7
SCHEDULE OF CHANGES IN PROPERTY AND EQUIPMENT 8
COMPARATIVE STATEMENT OF NET ASSETS 9
COMPARATIVE STATEMENT OF REVENUES, EXPENSES
AND CHANGES IN NET ASSETS 10
EXPLANATION OF SIGNIFICANT VARIATIONS
IN EXPENSES 11
EXPLANATION OF SIGNIFICANT VARIATIONS
IN REVENUES 12
CONTENTS – CONTINUED
Page
SIGNIFICANT LAPSE PERIOD EXPENDITURES 13
EXPLANATION OF SIGNIFICANT VARIATIONS IN ASSETS
AND LIABILITIES 14
ANALYSIS OF SIGNIFICANT ACCOUNT BALANCES
CASH AND CASH EQUIVALENTS AND INVESTMENTS 16
INVESTMENTS AND INVESTMENT INCOME 17
ACCOUNTS AND NOTES RECEIVABLE 18
STUDENT TUITION RECEIVABLE 19
GRANTS AND CONTRACTS RECEIVABLE 20
NOTES RECEIVABLE – LOAN FUNDS 21
CAPITAL ASSETS 22
ACCOUNTS PAYABLE AND ACCRUED LIABILITIES 31
DEFERRED REVENUE 32
ACCRUED COMPENSATED ABSENCES
AT JUNE 30 FOR THE LAST FIVE YEARS 33
BONDS PAYABLE 34
BONDS PAYABLE AND ACCRUED INTEREST 38
CERTIFICATES OF PARTICIPATION 39
LIABILITIES UNDER CAPITALIZED LEASES 40
ANALYSIS OF INDIRECT COST RECOVERIES 41
INDIRECT COST RECOVERY ENTITY
FINANCIAL SCHEDULES
CARBONDALE 43
EDWARDSVILLE 46
SPECIAL DATA REQUIREMENTS FOR UNIVERSITY AUDITS 49
SUMMARY OF FUNDS PROVIDED BY THE SOUTHERN
ILLINOIS UNIVERSITY FOUNDATIONS TO SOUTHERN
ILLINOIS UNIVERSITY
CARBONDALE 51
EDWARDSVILLE 52
CONTENTS – CONTINUED
Page
CALCULATION OF INDIRECT COST CARRYFORWARD
CARBONDALE 53
EDWARDSVILLE 54
IDENTIFICATION AND DESCRIPTION OF ENTITIES
AND AUXILIARY ENTERPRISES 55
FINANCIAL SCHEDULES FOR ENTITIES AND
AUXILIARY ENTERPRISES
CARBONDALE 58
EDWARDSVILLE 74
CALCULATION OF CURRENT EXCESS FUNDS
CARBONDALE 92
EDWARDSVILLE 93
REVENUE BOND FEE FINANCIAL SCHEDULES
BALANCE SHEET (UNAUDITED) 94
SCHEDULE OF CURRENT FUNDS REVENUES,
EXPENDITURES AND OTHER CHANGES (UNAUDITED) 95
SCHEDULES OF FEDERAL EXPENDITURES, NONFEDERAL EXPENSES, AND
NEW LOANS 96
ANALYSIS OF OPERATIONS
UNIVERSITY FUNCTIONS AND PLANNING PROGRAM 97
TREND ANALYSIS OF COMPENSATED ABSENCES (UNAUDITED) 99
CREDIT HOUR PRODUCTIVITY (UNAUDITED) 100
CLASSROOM UTILIZATION STATISTICS (UNAUDITED) 101
EMERGENCY PURCHASES (UNAUDITED) 101
SERVICE EFFORTS AND ACCOMPLISHMENTS (UNAUDITED) 102
CONTENTS – CONTINUED
Page
TUITION AND FEE WAIVERS (UNAUDITED) 104
BOOKSTORE (UNAUDITED) 107
RELATED REPORTS PUBLISHED UNDER SEPARATE COVERS
THE FINANCIAL STATEMENTS FOR THE YEAR
ENDED JUNE 30, 2011 FOR
• Southern Illinois University
• Housing and Auxiliary Facilities System
• Medical Facilities System
REPORT ON COMPLIANCE EXAMINATION (In accordance with the Single Audit Act and OMB
Circular A – 133) FOR THE YEAR ENDED JUNE 30, 2011, INCLUDING FINDINGS,
RECOMMENDATIONS AND UNIVERSITY RESPONSES AND SCHEDULES
SUPPLEMENTARY INFORMATION FOR STATE COMPLIANCE PURPOSES
SUMMARY
Supplementary Information for State Compliance Purposes presented in this section of the report
includes the following:
• Fiscal Schedules and Analysis
Schedule of Appropriations, Expenditures and Lapsed Balances – Budgetary Basis
Comparative Schedule of Appropriations, Expenditures and Lapsed Balances –
Budgetary Basis
Schedule of Income Fund Revenues and Expenditures
Schedule of Cash and Investments – By Depository
Schedule of Changes in Property and Equipment
Comparative Statement of Net Assets
Comparative Statement of Revenues, Expenses and Changes in Net Assets
Explanation of Significant Variations in Expenses
Explanation of Significant Variations in Revenues
Significant Lapse Period Expenditures
Explanation of Significant Variations in Assets and Liabilities
Analysis of Significant Account Balances
Analysis of Indirect Cost Recoveries
Indirect Cost Recovery Entity Financial Schedules
Special Data Requirements for University Audits
Summary of Funds Provided by the Southern Illinois University
Foundations to Southern Illinois University
Calculation of Indirect Cost Carryforward
Identification and Description of Entities and Auxiliary Enterprises
Financial Schedules for Entities and Auxiliary Enterprises
Calculation of Current Excess Funds
Revenue Bond Fee Financial Schedules (Unaudited)
Schedules of Federal Expenditures, Nonfederal Expenses, and New Loans
• Analysis of Operations
University Functions and Planning Program
Trend Analysis of Compensated Absences (Unaudited)
Credit Hour Productivity (Unaudited)
Classroom Utilization Statistics (Unaudited)
Emergency Purchases (Unaudited)
Service Efforts and Accomplishments (Unaudited)
Tuition and Fee Waivers (Unaudited)
Bookstore (Unaudited)
The accountants’ report that covers the Supplementary Information for State Compliance
Purposes states that it has been subjected to the auditing procedures applied in the audit of the basic
financial statements and, in the auditors’ opinion, except for that portion marked “unaudited”, on which
they express no opinion, and except for the effects on the financial schedules for entities and auxiliary
enterprises of not reporting accumulated depreciation and depreciation expense on capital assets, it is
fairly stated, in all material respects, in relation to the basic financial statements taken as a whole.
1
Crowe Horwath LLP
Independent Member Crowe Horwath International
Independent Auditors’ Report on Supplementary Information
For State Compliance Purposes
Honorable William G. Holland
Auditor General, State of Illinois
and Board of Trustees
Southern Illinois University
As Special Assistant Auditors for the Auditor General, we have audited the basic financial statements of
Southern Illinois University as of and for the year ended June 30, 2011, and have issued our report
thereon dated April 2, 2012 (issued under separate cover). That audit was conducted for the purpose of
forming an opinion on the basic financial statements taken as a whole. We did not audit its aggregate
discretely presented component units. The component unit financial statements were audited by other
auditors whose reports thereon has been furnished to us, and our opinion, insofar as it relates to the
amounts included for the discretely presented component unit, is based on the reports of other auditors.
The basic financial statements of Southern Illinois University and its aggregate discretely presented
component units are collectively, a component unit of the State of Illinois. The accompanying
supplementary information, as listed in the table of contents as Supplementary Information for State
Compliance Purposes, is presented for purposes of additional analysis and is not a required part of the
basic financial statements of Southern Illinois University. Such information, except for that portion
marked “unaudited” on which we express no opinion, has been subjected to the auditing procedures
applied in the audit of the basic financial statements and, in our opinion, except for the effects on the
financial schedules for entities and auxiliary enterprises of not reporting accumulated depreciation and
depreciation expense on capital assets, such information is fairly stated, in all material respects in relation
to the basic financial statements for the year ended June 30, 2011, taken as a whole.
We have also previously audited, in accordance with auditing standards generally accepted in the United
States of America, Southern Illinois University’s 2010 and 2009 basic financial statements. Those audits
were conducted for the purpose of forming an opinion on the basic financial statements taken as a whole.
In our reports dated February 25, 2011 and February 19, 2010 based on our audits and the reports of
other auditors, we expressed an unqualified opinion on the respective financial statements of Southern
Illinois University and its aggregate discretely presented component units. In our opinion, the 2010 and
2009 Supplementary Information for State Compliance Purposes, except for the portion marked
“unaudited” on which we express no opinion, has been subjected to the auditing procedures applied in
the audit of the basic financial statements and except for the effects on the financial schedules for entities
and auxiliary enterprises of not reporting accumulated depreciation and depreciation expense on capital
assets, such information is fairly stated, in all material respects, in relation to the 2010 and 2009 basic
financial statements taken as a whole.
The supplementary financial information referred to above includes only the financial activities of
Southern Illinois University, the primary unit. Financial activities of University Related Organizations are
not included.
This report is intended solely for the information and use of the Auditor General, the General Assembly,
the Legislative Audit Commission, the Governor, and the University Board of Trustees and management,
and is not intended to be and should not be used by anyone other than these specified parties.
Crowe Horwath LLP
Springfield, Illinois
April 2, 2012
2
State of Illinois
Southern Illinois University
Fourteen months ended August 31, 2011
Fiscal Year
Appropriations
Public Act Twelve-Month Lapse Period Fourteen-Month Balances Balances
96-0956, & 96-0959 Expenditures Expenditures Expenditures Lapsed Reappropriated
State general revenue fund
Lump sum $ 2 20,763,500 $ 220,735,556 $ 27,944 $ 220,763,500 $ - $ -
General professions dedicated fund
Lump Sum 1,250,000 1,238,983 11,017 1,250,000 - -
Grand total, all funds $ 222,013,500 $ 221,974,539 $ 38,961 $ 222,013,500 $ - $ -
Note: This schedule has been prepared from University records and reconciled to the State Comptroller's records. Appropriations were authorized by Public
Act 96-0956 and 96-0959.
SCHEDULE OF APPROPRIATIONS, EXPENDITURES AND
LAPSED BALANCES - BUDGETARY BASIS
3
State of Illinois
Southern Illinois University
COMPARATIVE SCHEDULE OF APPROPRIATIONS,
EXPENDITURES AND LAPSED BALANCES - BUDGETARY BASIS
Fourteen months ended August 31, 2011, 2010, and 2009
2011 2010 2009
General revenue fund:
Appropriations (net after transfers/reversion) $ 220,763,500 $ 234,167,000 $ 227,734,075
Expenditures:
Personal services 191,491,391 206,582,352 203,132,006
Group insurance 2,518,736 2,357,688 3,662,100
Travel 703 5,669 15,309
Equipment 48,509 125,384 1,434,721
Commodities 2,087,797 2,098,932 1,458,711
Contractual services 18,385,979 17,325,779 10,710,803
Awards and grants - 6,750 -
Operation of automotive equipment 713,473 666,135 632,880
Permanent Improvements 17,748 - -
Telecommunications 1,594,293 1,546,831 1,653,860
Social security - Medicare 2,704,871 2,851,480 2,343,399
Vince DeMuzio Government Internship - - 247,469
Special Services (TRIO) Program - - 200,000
Presidential scholarship fund - - 1,070,000
School of Medicine lab - - 1,170,000
School of Medicine Cancer Institute 1,200,000 600,000 -
Total expenditures 220,763,500 234,167,000 227,731,258
Lapsed balances / re-appropriated $ - $ - $ 2,817
General professions dedicated fund
Appropriations (net after transfers) $ 1,250,000 $ 2,500,000 $ 2,500,000
Expenditures 1,250,000 2,500,000 2,500,000
Lapsed balances / re-appropriated $ - $ - $ -
Totals:
Appropriations (net after transfers/reversion) $ 222,013,500 $ 236,667,000 $ 230,234,075
Expenditures 222,013,500 236,667,000 230,231,258
Lapsed balances / re-appropriated $ - $ - $ 2,817
Fiscal Year
4
Revenues:
Student tuition and fees $ 126,448,011 (1)
Sales and services 36,498
Investment income 599,796
Total revenues 127,084,305
Expenditures:
Personal services 66,485,941
Group insurance 1,341,525
Travel 1,418,292
Equipment 6,642,751
Commodities 3,225,773
Contractual services 18,575,566
Operation of automotive equipment 115,911
Telecommunications 552,235
Awards and grants 7,555,787
Social security 1,180,593
Permanent improvements 22,164
Scholarships, fellowships, and waivers 8,543,602 (1)
Bad debt expense 361,391
Transfers 13,510,382
Total expenditures 129,531,913
Shortage of revenues over expenditures $ (2,447,608)
(1) Includes tuition waivers equal to scholarships, fellowships and waivers expense
and net of scholarship allowances of $23,490,477
State of Illinois
Southern Illinois University at Carbondale
SCHEDULE OF INCOME FUND REVENUES AND EXPENDITURES
Year ended June 30, 2011
5
Revenues:
Student tuition and fees $ 78,066,398 (1)
Sales and services 97,499
Investment income 320,563
Total revenues 78,484,460
Expenditures:
Personal services 42,814,371
Travel 565,447
Equipment 3,296,707
Commodities 1,909,290
Contractual services 7,392,827
Operation of automotive equipment 197,388
Telecommunication 353,475
Awards and grants 1,926,047
Social security 1,070,229
Scholarships and fellowships (206,418) (1)
Bad debt expense 162,630
Unemployment compensation 61,607
Transfers 19,774,654
Total expenditures 79,318,254
Shortage of revenues over expenditures $ (833,794)
(1) Includes tuition waivers equal to scholarships, fellowships, and waivers expense and net of scholarship
allowances of $9,937,930.
State of Illinois
Southern Illinois University at Edwardsville
SCHEDULE OF INCOME FUND REVENUES AND EXPENDITURES
Year ended June 30, 2011
6
State of Illinois
Southern Illinois University
SCHEDULE OF CASH AND INVESTMENTS - BY DEPOSITORY
June 30, 2011
Held by:
Old National Bank of Carbondale $ 675,699
Illinois National Bank 69,066
JP Morgan 100,169,428
US Bank 111,870,386
Regions Bank 247,286
First Bankers Trust – Quincy 4,757
Busey Bank - Decatur 4,635
The Bank of Edwardsville 549,687
Internally held 120,870
Total at June 30, 2011 $ 213,711,814
Western Asset Management manages a portion of the University's operational funds, and JP Morgan
keeps custody of these funds and assists in the accounting and reporting functions related to these
investments. The funds are allocated into an Intermediate Maturity Portfolio. The funds are invested in
accordance with Illinois Compiled Statutes and Board policy, which authorize the University to invest in
obligations of the U.S. Treasury, agencies, and instrumentalities; bank and savings and loan time
deposits; corporate bonds, stocks, and commercial paper; repurchase agreements; and mutual funds.
7
State of Illinois
Southern Illinois University
SCHEDULE OF CHANGES IN PROPERTY AND EQUIPMENT
Year ended June 30, 2011
Beginning Ending
Balance Additions Deletions Transfers Balance
Capital assets not being depreciated:
Land $ 21,544,339 $ - $ - $ - $ 21,544,339
Non-depreciable historical treasures
and works of art 10,273,961 568,929 - - 10,842,890
Construction in progress 87,679,757 53,636,719 105,093 (85,689,083) 55,522,300
Total capital assets not being depreciated 119,498,057 54,205,648 105,093 (85,689,083) 87,909,529
Capital assets being depreciated:
Site improvements 59,671,889 631,558 1,074,348 2,539,242 61,768,341
Buildings 914,366,031 1,247,791 3,038,375 83,149,841 995,725,288
Equipment 320,320,107 16,100,597 7,371,711 - 329,048,993
Intangible assets 6,905,597 435,190 - - 7,340,787
Infrastructure 8,607,727 - - - 8,607,727
Total capital assets being depreciated 1,309,871,351 18,415,136 11,484,434 85,689,083 1,402,491,136
Less accumulated depreciation for:
Site improvements 36,197,349 2,199,885 1,074,348 - 37,322,886
Buildings 428,797,057 24,969,056 3,038,376 - 450,727,737
Equipment 266,106,569 16,133,683 6,751,500 - 275,488,752
Intangible assets 983,709 831,640 - - 1,815,349
Infrastructure 8,607,727 - - - 8,607,727
Total accumulated depreciation 740,692,411 44,134,264 10,864,224 - 773,962,451
Total capital assets being depreciated, net 569,178,940 (25,719,128) 620,210 85,689,083 628,528,685
Capital assets, net $ 688,676,997 $ 28,486,520 $ 725,303 $ - $ 716,438,214
Note: Amounts reconcile to the records submitted to the Illinois Office of the Comptroller.
8
2011 2010
ASSETS
Current Assets:
Cash and cash equivalents $ 98,251,928 $ 81,665,668
Short-term investments 14,281,384 21,863,348
Appropriations receivable from State of Illinois General Revenue 38,961 275,549
Reimbursement due from State Treasurer 97,416,482 84,270,336
Accounts receivable, net 60,869,098 51,249,402
Notes receivable, net 3,257,745 3,472,210
Accrued interest receivable 68,008 181,078
Due from related organizations 5,244,633 3,110,694
Inventories 9,600,488 7,335,455
Prepaid expenses and other assets 639,406 721,790
Total Current Assets 289,668,133 254,145,530
Noncurrent Assets:
Long-term investments 101,178,502 97,847,393
Notes receivable, net 14,722,625 15,377,693
Prepaid expenses and other assets 6,143,702 6,118,088
Capital assets, not depreciated 87,909,529 119,498,057
Capital assets, net of depreciation 628,528,685 569,178,940
Total Noncurrent Assets 838,483,043 808,020,171
TOTAL ASSETS 1,128,151,176 1,062,165,701
LIABILITIES
Current Liabilities:
Accounts payable 34,515,211 38,572,249
Accrued interest payable 2,914,298 3,047,515
Accrued payroll 11,987,032 9,317,627
Accrued compensated absences 3,735,380 3,709,319
Revenue bonds payable 16,370,048 15,972,630
Certificates of participation 2,100,784 2,871,092
Liabilities under capitalized leases 122,595 170,312
Accrued liability for self-insurance 12,846,252 12,272,432
Deposits held for University related organizations 11,502,129 8,612,524
Deposits held in custody for others 1,331,924 753,379
Deferred revenue 46,199,648 48,073,981
Housing deposits 140,670 129,397
Due to related organizations 7,348 35,948
Total Current Liabilities 143,773,319 143,538,405
Noncurrent Liabilities:
Accrued compensated absences 45,866,519 47,322,138
Revenue bonds payable 269,117,679 281,300,394
Certificates of participation 17,885,949 19,986,733
Liabilities under capitalized leases 87,030 63,410
Accrued liability for self-insurance 5,583,732 6,556,958
Federal loan program contributions refundable 17,271,593 17,266,223
Housing deposits 171,930 158,153
Other accrued liabilities - 121,965
Total Noncurrent Liabilities 355,984,432 372,775,974
TOTAL LIABILITIES 499,757,751 516,314,379
NET ASSETS
Invested in capital assets, net of related debt 410,754,130 387,680,620
Restricted for:
Nonexpendable 2,976,342 3,089,109
Expendable 115,669,997 70,076,968
Unrestricted 98,992,956 85,004,625
TOTAL NET ASSETS $ 628,393,425 $ 545,851,322
UNIVERSITY
State of Illinois
Southern Illinois University
COMPARATIVE STATEMENT OF NET ASSETS
Years ended June 30, 2011 and 2010
9
2011 2010
REVENUES
Operating Revenues:
Student tuition and fees (net of scholarship
allowances of $41,849,276 for 2011 and $36,331,292 for 2010) $ 242,813,334 $ 239,531,944
Federal grants and contracts 47,278,070 45,223,278
State of Illinois grants and contracts 34,150,739 32,826,476
Other government grants and contracts 7,680,891 7,220,367
Private grants and contracts 20,025,411 24,649,306
Sales and services of educational departments 78,558,753 71,146,322
Physicians and Surgeons practice plan 54,622,838 40,790,153
Auxiliary enterprises:
Funded debt enterprises (net of scholarship
allowances of $7,029,568 for 2011 and $6,257,656 for 2010) 97,587,220 97,528,468
Other auxiliary enterprises (net of scholarship
allowances of $988,815 for 2011 and $895,622 for 2010) 9,785,881 8,933,478
Loan interest income 251,714 223,773
Other operating revenues 12,205 79,344
Total Operating Revenues 592,767,056 568,152,909
EXPENSES
Operating Expenses:
Instruction 317,152,057 314,929,274
Research 63,660,347 64,467,684
Public service 62,657,302 63,662,792
Academic support 161,909,517 149,910,775
Student services 69,031,681 68,648,632
Institutional support 70,058,717 69,255,532
Operation and maintenance of plant 84,188,302 78,274,816
Scholarships and fellowships 31,645,865 31,618,117
Depreciation 44,134,264 40,542,476
Auxiliary enterprises:
Funded debt enterprises 89,188,761 86,214,616
Other auxiliary enterprises 9,570,723 9,856,755
Other operating expenses 406,880 431,667
Total Operating Expenses 1,003,604,416 977,813,136
Operating Loss (410,837,360) (409,660,227)
NONOPERATING REVENUES (EXPENSES)
State appropriations - General Revenue fund 222,013,500 220,753,700
American Recovery & Reinvestment Act of 2009 funds - 15,913,300
Gifts and contributions 9,748,643 10,435,456
Investment income (loss) 3,414,546 6,183,396
Grants and contracts 49,275,873 43,218,693
Interest on capital asset-related debt (11,030,411) (9,615,262)
Accretion on bonds payable (4,475,452) (4,457,420)
University related organizations (596,460) (533,616)
Payments on behalf of the university 191,169,767 178,405,918
Other non-operating revenues (expenses) 3,591,575 3,825,070
Net Non-operating Revenues 463,111,581 464,129,235
Income (Loss) Before Other Revenues 52,274,221 54,469,008
Other Revenues:
Capital state appropriations 26,153,991 2,588,997
Capital grants and gifts 4,113,891 2,740,864
Total Other Revenues 30,267,882 5,329,861
Increase (decrease) in Net Assets 82,542,103 59,798,869
NET ASSETS
Net assets at beginning of year 545,851,322 486,052,453
Net assets at end of year $ 628,393,425 $ 545,851,322
State of Illinois
Southern Illinois University
COMPARATIVE STATEMENT OF REVENUES, EXPENSES AND CHANGES IN NET ASSETS
Years ended June 30, 2011 and 2010
UNIVERSITY
10
State of Illinois
Southern Illinois University
EXPLANATION OF SIGNIFICANT VARIATIONS IN EXPENSES
Years ended June 30, 2011 and 2010
No variations noted in expenses in excess of 10% and $1,500,000 between fiscal years 2011 and 2010.
11
State of Illinois
Southern Illinois University
EXPLANATION OF SIGNIFICANT VARIATIONS IN REVENUES
Years ended June 30, 2011 and 2010
The following explains variations in revenues in excess of 10% and $1,500,000 between fiscal years 2011
and 2010.
Fiscal Year Fiscal Year
2011 2010 Difference
Operating Revenues:
Private Grants and Contracts $ 20,025,411 $ 24,649,306 $ (4,623,895)
In fiscal year 2010, the School of Medicine received two-one year grants of $2 million from St. Johns
Hospital and Memorial Medical Center. These grants were not received in fiscal year 2011.
Sales and Services of Educational Depts. $ 78,558,753 $ 71,146,322 $ 7,412,431
The increase is primarily related to the School of Medicine. Hospital and other medical support contracts
increased $6.8 million from 6/30/10
Physicians & Surgeons practice plan $ 54,622,838 $ 40,790,153 $ 13,832,685
Physicians & Surgeons revenue increased as a result of increased clinical activities at the School of
Medicine. Also, a result of the increased clinical activities, the School of Medicine’s Medicaid
reimbursement increased $8.7 million from fiscal year 2010.
Non-Operating Revenues:
ARRA of 2009 $ - $ 15,913,300 $ (15,913,300)
During fiscal year 2010, the Carbondale campus was awarded $11.6 million from the Federal American
Recovery and Reinvestment Act of 2009. The Edwardsville campus was awarded $4.3 million. These
funds were not received in fiscal year 2011.
Investment Income $ 3,414,546 $ 6,183,396 $ (2,768,850)
Interest earned on the University’s pooled investments held at JP Morgan decreased $2.5 million from
fiscal year 2010. Although the market rebounded slightly during fiscal year 2011, the University’s
investments were mainly in low risk governmental backed securities did not experience the recovery of
the stock market throughout the fiscal year.
Grants and Contracts $ 49,275,873 $ 43,218,693 $ 6,057,180
In fiscal year 2011, Pell and SEOG increased a total of $6 million between the Carbondale and
Edwardsville campuses.
Other Revenues:
Capital State Appropriations $ 26,153,991 $ 2,588,997 $ 23,564,994
At Edwardsville, funding from the Illinois Capital Development Board for construction and renovations to
the Science laboratory increased nearly $6 million. On the Carbondale campus, funding for the
Transportation Education Center increased $17 million.
12
Southern Illinois University
SIGNIFICANT LAPSE PERIOD EXPENDITURES
Fourteen months ended August 31, 2011
Lapse Period Expenditures
Percentage
General Other General Other Lapse to
Revenue Revenue Total Revenue Revenue Total Fourteen Month
State general revenue fund
Personal services $ - $ - $ - $ 191,491,391 $ - $ 191,491,391 0.00% *
Group insurance - - - 2,518,736 - 2,518,736 0.00% *
Travel - - - 703 - 703 0.00% *
Equipment - - - 48,509 - 48,509 0.00% *
Commodities - - - 2,087,797 - 2,087,797 0.00% *
Contractual services - - - 18,385,979 - 18,385,979 0.00% *
Operation of automotive equipment - - - 713,473 - 713,473 0.00% *
Permanent Improvements - - - 17,748 - 17,748 0.00% *
Telecommunications - - - 1,594,293 - 1,594,293 0.00% *
Social security - Medicare - - - 2,704,871 - 2,704,871 0.00% *
School of Medicine Cancer Institute 27,944 - 27,944 1,200,000 - 1,200,000 2.33% *
General professions dedicated fund
Lump sum - 11,017 11,017 - 1,250,000 1,250,000 0.88% *
$ 27,944 $ 11,017 $ 38,961 $ 220,763,500 $ 1,250,000 $ 222,013,500 0.02%
The changes above indicated by an asterisk (*) are either minor in nature or those expected in the normal course of business.
State of Illinois
Fourteen Month Expenditures
13
State of Illinois
Southern Illinois University
EXPLANATION OF SIGNIFICANT VARIATIONS IN ASSETS AND LIABILITIES
June 30, 2011 and 2010
Following are the changes in assets and liabilities between June 30, 2011 and June 30, 2010, which
involved increases or decreases of at least 10% and $1,500,000 or more.
Fiscal Year Fiscal Year
2011 2010 Difference
Cash and Cash Equivalents $ 98,251,928 $ 81,665,668 $ 16,586,260
The increase in cash and cash equivalents is primarily attributable to the Edwardsville campus. At
Edwardsville, increases in enrollment, tuition, and fees resulted in increased Income Fund cash of $7.5
million. Also, cash related to Edwardsville repair and replacement funds increased $5.5 million over fiscal
year 2010.
Reimbursement Due from State
Treasurer $ 97,416,482 $ 84,270,336 $ 13,146,146
The increase is due to the State of Illinois’ financial situation resulting in slower reimbursements from the
State Comptroller for payroll expenses. At Carbondale, the amount owed for payroll expenses increased
$13.3 million from fiscal year 2010. The amount owed to the Edwardsville campus for payroll expenses
increased $1.9 million. These increases were partially offset by decreased reimbursements due for
service charges on both campuses. Carbondale service expense reimbursements decreased $1.8 million
while service expense reimbursements at Edwardsville decreased $400,000.
Accounts Receivable, Net $ 60,869,098 $ 51,249,402 $ 9,619,696
The increase is primarily due to a $9.7 million receivable at School of Medicine associated with Medicaid
reimbursements.
Due from Related Organizations $ 5,244,633 $ 3,110,694 $ 2,133,939
The increase is primarily related to the Physicians & Surgeons program at School of Medicine. At the end
of fiscal year 2010, Physicians & Surgeons owed the University $2.5 million while at the end of fiscal year
2011, the amount owed the University was $4.9 million. The increase is related to increased clinical
activities and the timing of payments to the University.
Inventories $ 9,600,488 $ 7,335,455 $ 2,265,033
The increase can be attributed to the Edwardsville campus. In fiscal year 2011, textbook services at
Edwardsville had increased net book purchases of $2.2 million.
14
State of Illinois
Southern Illinois University
EXPLANATION OF SIGNIFICANT VARIATIONS IN ASSETS AND LIABILITIES - CONTINUED
June 30, 2011 and 2010
Fiscal Year Fiscal Year
2011 2010 Difference
Accounts Payable $ 34,515,211 $ 38,572,249 $ (4,057,038)
The decrease in accounts payable can be attributed to the Saluki Way construction project on the
Carbondale campus. Accounts payable related to the Saluki Way project decreased $4 million as project
was completed at the end of fiscal year 2011.
Accrued Payroll $ 11,987,032 $ 9,317,627 $ 2,669,405
The increase in accrued payroll can be attributed to the Edwardsville campus. On July 14th, 2011, the
Board of Trustees approved an average 2.5% salary increase for the Edwardsville campus. This increase
was retroactive to July 1st, 2010.
Certificates of Participation $ 19,986,733 $ 22,857,825 $ (2,871,092)
The decrease is due to debt service payments of $2.8 million that were made during fiscal year 2011.
Deposits Held for Related
Organizations $ 11,502,129 $ 8,612,524 $ 2,889,605
The cash balance of the SIU Physicians & Surgeons agency account increased $3.1 million between
fiscal years.
15
State of Illinois
Southern Illinois University
ANALYSIS OF SIGNIFICANT ACCOUNT BALANCES
CASH AND CASH EQUIVALENTS AND INVESTMENTS
June 30, 2011
The University has pooled its operating cash and investments to provide for efficiencies and economies in
their management. Proceeds related to revenue bonds and certificate of participation financing activities
are pooled to the extent allowed under covenants. Investment income earned on the operating cash and
investments, including realized gains and losses resulting from the sale or other disposition of
investments, is distributed on a quarterly basis to the pooled participants based upon their respective
aggregate balances over the prior three-month period.
Investments are reported at fair value. The fair value is determined to be the amount, usually quoted
market prices, at which financial instruments could be exchanged in a current transaction between willing
parties. The investment with the Public Treasurer’s Investment Pool (The Illinois Funds) is at fair value,
which is the same value as the pool shares. Also, certain money market investments having a remaining
maturity of one year or less at time of purchase and non-negotiable certificates of deposit with redemption
terms that do not consider market rates are carried at amortized cost. The calculation of realized gain is
independent of the calculation of the net increase in the fair value of investments.
At June 30, 2011, all balances related to the deposits of the University were covered by federal
depository insurance or collateral held by an agent in the University’s name.
16
State of Illinois
Southern Illinois University
ANALYSIS OF SIGNIFICANT ACCOUNT BALANCES
INVESTMENTS AND INVESTMENT INCOME
June 30, 2011 and 2010
The University’s investment balances at June 30, 2011 and 2010 were held as follows:
2011 2010
Carrying Carrying
Amount Amount
U.S. Treasuries $ 45,230,472 $ 50,965,296
U.S. Agencies 70,185,114 68,701,145
Common Stock 44,300 44,300
Total Investments $ 115,459,886 $ 119,710,741
Refer to Notes to Financial Statements in the Southern Illinois University Annual Financial Report for the
year ended June 30, 2011, for additional information relating to investments.
The University accounts for investment income on the accrual basis. Investment income earned on the
operating cash and investments, including realized gains and losses resulting from the sale or other
disposition of investments, is distributed on a quarterly basis to the pooled participants based upon their
respective aggregate balances over the prior three-month period.
Investment income, by fund, at June 30, 2011 and 2010 was as follows:
2011 2010
Income fund $ 979,833 $ 1,543,695
General operating 805,595 2,065,253
Auxiliary enterprises 270,898 508,791
Restricted 303,841 530,194
Loan funds 62,863 106,299
Plant funds 596,726 1,091,019
Other funds 394,790 338,145
Total $ 3,414,546 $ 6,183,396
17
2011 2010
Accounts receivable
Student tuition and fees $ 16,499,626 $ 14,090,112
Auxiliary enterprises 10,703,293 9,349,550
General operating 27,323,351 16,397,267
Grants and contracts 19,832,477 22,899,212
Student loans 94,699 73,322
Plant funds 190,178 44,916
Other accounts receivable 348,413 1,050,443
74,992,037 63,904,822
Less: Total allowance for doubtful accounts (14,122,939) (12,655,420)
Total accounts receivable, net $ 60,869,098 $ 51,249,402
Notes receivable
Loan funds
Carbondale campus $ 17,864,292 $ 18,444,789
Edwardsville campus 2,712,677 2,827,130
Plant funds
Carbondale campus 153,232 153,231
Total notes receivable 20,730,201 21,425,150
Allowance for doubtful notes
Carbondale campus (2,231,843) (2,055,009)
Edwardsville campus (517,988) (520,238)
Total allowance for doubtful notes (2,749,831) (2,575,247)
Total notes receivable, net $ 17,980,370 $ 18,849,903
ACCOUNTS AND NOTES RECEIVABLE
June 30, 2011 and 2010
State of Illinois
Southern Illinois University
ANALYSIS OF SIGNIFICANT ACCOUNT BALANCES
18
Carbondale Edwardsville
Total Campus Campus
Student tuition receivable
Current - 30 days $ 1,742,290 $ 1,319,160 $ 423,130
31 - 180 days 6,246,310 5,012,810 1,233,500
181 - 365 days 1,512,276 1,187,244 325,032
Over 365 days 6,998,751 5,672,390 1,326,361
Total student tuition receivable 16,499,627 13,191,604 3,308,023
Allowance for doubtful accounts (5,468,709) (4,147,784) (1,320,925)
Student tuition receivable, net $ 11,030,918 $ 9,043,820 $ 1,987,098
Carbondale Edwardsville
Total Campus Campus
Student tuition receivable
Current - 30 days $ 2,142,940 $ 1,647,859 $ 495,081
31 - 180 days 5,537,189 4,394,290 1,142,899
181 - 365 days 1,430,745 1,098,572 332,173
Over 365 days 4,979,238 3,845,004 1,134,234
Total student tuition receivable 14,090,112 10,985,725 3,104,387
Allowance for doubtful accounts (5,079,203) (3,786,393) (1,292,810)
Student tuition receivable, net $ 9,010,909 $ 7,199,332 $ 1,811,577
June 30, 2010
June 30, 2011
State of Illinois
Southern Illinois University
ANALYSIS OF SIGNIFICANT ACCOUNT BALANCES
STUDENT TUITION RECEIVABLE
June 30, 2011 and 2010
19
University Carbondale Edwardsville
Total Administration Campus Campus
Grants and contracts
Federal government $ 3,676,682 $ - $ 1,667,067 $ 2,009,615
State of Illinois 10,630,261 - 9,040,055 1,590,206
Other government 3,210,678 - 3,210,678 -
Private 2,314,856 - 1,747,407 567,449
Total grants and contracts $ 1 9,832,477 $ - $ 15,665,207 $ 4,167,270
University Carbondale Edwardsville
Total Administration Campus Campus
Grants and contracts
Federal government $ 5,330,624 $ - $ 2,398,399 $ 2,932,225
State of Illinois 10,816,606 - 9,277,571 1,539,035
Other government 3,712,418 - 3,712,418 -
Private 3,039,564 53,900 1,646,591 1,339,073
Total grants and contracts $ 2 2,899,212 $ 53,900 $ 17,034,979 $ 5,810,333
These accounts consist of gross receivables for work performed under grant and contract activity.
June 30, 2011
June 30, 2010
State of Illinois
Southern Illinois University
ANALYSIS OF SIGNIFICANT ACCOUNT BALANCES
GRANTS AND CONTRACTS RECEIVABLE
June 30, 2011 and 2010
20
Carbondale Edwardsville
Total Campus Campus
Age
Not in repayment status/current billing $ 16,865,902 $ 1 4,372,742 $ 2,493,160
Under 240 days 1,434,330 1 ,369,203 65,127
Over 240 days 2,276,737 2 ,122,347 154,390
Total notes receivable - loan funds 20,576,969 1 7,864,292 2,712,677
Allowance for doubtful notes ( 2,743,368) (2,225,380) (517,988)
Notes receivable - loan funds, net $ 17,833,601 $ 1 5,638,912 $ 2,194,689
Carbondale Edwardsville
Total Campus Campus
Age
Not in repayment status/current billing $ 19,151,434 $ 1 6,600,310 $ 2,551,124
Under 240 days 852,367 7 37,792 114,575
Over 240 days 1,268,118 1 ,106,687 161,431
Total notes receivable - loan funds 21,271,919 1 8,444,789 2,827,130
Allowance for doubtful notes ( 2,575,247) (2,055,009) (520,238)
Notes receivable - loan funds, net $ 18,696,672 $ 1 6,389,780 $ 2,306,892
June 30, 2011
June 30, 2010
State of Illinois
Southern Illinois University
ANALYSIS OF SIGNIFICANT ACCOUNT BALANCES
NOTES RECEIVABLE - LOAN FUNDS
June 30, 2011 and 2010
21
Beginning Ending
Balance Additions Deletions Transfers Balance
Non-depreciable capital assets
Land $ 21,544,339 $ - $ - $ - $ 21,544,339
Non-depreciable historical treasures
and works of art 10,273,961 568,929 - - 10,842,890
Construction in progress 87,679,757 53,636,719 105,093 (85,689,083) 55,522,300
Total non-depreciable capital assets 119,498,057 54,205,648 105,093 (85,689,083) 87,909,529
Depreciable capital assets
Site improvements 59,671,889 631,558 1,074,348 2,539,242 61,768,341
Buildings 914,366,031 1,247,791 3,038,375 83,149,841 995,725,288
Equipment 320,320,107 16,100,597 7,371,711 - 329,048,993
Infrastructure 8,607,727 - - - 8,607,727
Intangible assets 6,905,597 435,190 - - 7,340,787
Total depreciable capital assets 1,309,871,351 18,415,136 11,484,434 85,689,083 1,402,491,136
Less accumulated depreciation for:
Site improvements 36,197,349 2,199,885 1,074,348 - 37,322,886
Buildings 428,797,057 24,969,056 3,038,376 - 450,727,737
Equipment 266,106,569 16,133,683 6,751,500 - 275,488,752
Infrastructure 8,607,727 - - - 8,607,727
Intangible assets 983,709 831,640 - - 1,815,349
Total accumulated depreciation 740,692,411 44,134,264 10,864,224 - 773,962,451
Total depreciable capital assets, net 569,178,940 (25,719,128) 620,210 85,689,083 628,528,685
Total capital assets, net $ 688,676,997 $ 28,486,520 $ 725,303 $ - $ 716,438,214
State of Illinois
Southern Illinois University
ANALYSIS OF SIGNIFICANT ACCOUNT BALANCES
CAPITAL ASSETS
Year ended June 30, 2011
22
Major changes to non-depreciable historical treasures and works of art fiscal year 2011
Additions in fiscal year 2011
Other (changes less than $500,000)
SIUC $ 291,935
SIUE 276,994
Total additions $ 568,929
Major changes to intangible assets fiscal year 2011
Additions in fiscal year 2011
Other (changes less than $500,000)
SIUC $ 435,190
SIUE -
Total additions $ 435,190
ANALYSIS OF SIGNIFICANT ACCOUNT BALANCES
CAPITAL ASSETS - CONTINUED
Year ended June 30, 2011
State of Illinois
Southern Illinois University
23
Major changes to construction in progress fiscal year 2011
Additions in 2011
Carbondale:
Rez Net Wireless $ 1,322,463
SOM Practice Management System 1,764,672
Stadium and Arena construction 15,970,748
Thompson Point and University Hall sprinklers 711,980
Transportation Education Center 17,580,493
Carbondale additions 37,350,356
Edwardsville:
Art and Design expansion 604,276
Fractionation and Equipment 1,722,405
Science building renovation 7,454,320
Vadalabence Center renovation 955,856
Window replacement 1,280,836
Edwardsville additions 12,017,693
Other (changes less than $500,000):
SIUC (514,429)
SIUE 4,783,099
Other additions 4,268,670
Total additions $ 53,636,719
State of Illinois
Southern Illinois University
ANALYSIS OF SIGNIFICANT ACCOUNT BALANCES
CAPITAL ASSETS - CONTINUED
Year ended June 30, 2011
24
Major changes to construction in progress fiscal year 2011 - Continued
Deductions in fiscal year 2011
Other (changes less than $500,000):
SIUC $ 102,162
SIUE 2,931
Total deductions $ 105,093
Transfers to/from construction in progress
Carbondale:
Carbondale signage $ (1,104,588)
Stadium and Arena construction (70,928,043)
Thompson Point and University Hall Sprinklers (5,188,047)
Thompson Point security cameras (605,120)
Wall and Grand Apartment flooring (666,366)
Carbondale transfers to/from construction in progress (78,492,164)
Edwardsville:
Cougar Village Apartment Building Replacement (1,185,140)
Vadalabene locker room renovation (1,202,103)
Edwardsville transfers to/from construction in progress (2,387,243)
Other (changes less than $500,000):
SIUC (2,790,815)
SIUE (2,018,861)
Other transfers to/from construction in progress (4,809,676)
Total transfers to/from construction in progress $ (85,689,083)
CAPITAL ASSETS - CONTINUED
Year ended June 30, 2011
State of Illinois
Southern Illinois University
ANALYSIS OF SIGNIFICANT ACCOUNT BALANCES
25
Major changes to site improvements fiscal year 2011
Additions in fiscal year 2011
Other (changes less than $500,000):
SIUC $ 128,893
SIUE 502,665
Total additions $ 631,558
Deductions in fiscal year 2011
Carbondale:
McAndrew Stadium Turf and Track $ 919,309
Carbondale deductions 919,309
Other (changes less than $500,000):
SIUC 155,039
Other deductions 155,039
Total deductions $ 1,074,348
Transfers in fiscal year 2011
Carbondale:
Carbondale signage $ 1,104,588
Carbondale transfers 1,104,588
Other (changes less than $500,000):
SIUC 532,873
SIUE 901,781
Other transfers 1,434,654
Total transfers $ 2,539,242
Year ended June 30, 2011
State of Illinois
Southern Illinois University
ANALYSIS OF SIGNIFICANT ACCOUNT BALANCES
CAPITAL ASSETS - CONTINUED
26
Major changes to buildings fiscal year 2011
Additions in fiscal year 2011
Other (changes less than $500,000):
SIUC $ 144,517
SIUE 1,103,274
Total additions $ 1,247,791
Deductions in fiscal year 2011
Carbondale:
McAndrew Stadium $ 2,897,168
Carbondale deductions 2,897,168
Other (changes less than $500,000):
SIUC 141,207
Other deductions 141,207
Total deductions $ 3,038,375
Transfers in fiscal year 2011
Carbondale:
Stadium and Arena Construction $ 70,928,043
Thompson Point and University Hall Sprinklers 5,188,047
Thompson Point Security Cameras 605,120
Wall and Grand Apartment Flooring 666,366
Carbondale transfers 77,387,576
Edwardsville:
Cougar Village Apartment Building Replacement 1,185,140
Vadalabene locker room renovation 1,202,103
Edwardsville transfers 2,387,243
Other (changes less than $500,000):
SIUC 2,257,942
SIUE 1,117,080
Other transfers 3,375,022
Total transfers $ 83,149,841
Year ended June 30, 2011
State of Illinois
Southern Illinois University
ANALYSIS OF SIGNIFICANT ACCOUNT BALANCES
CAPITAL ASSETS - CONTINUED
27
Major changes to equipment fiscal year 2011
Additions in fiscal year 2011 by category
Carbondale:
Housing and Auxiliary Facilities System $ 3,782,124
Medical Facilities System 508,281
Other 7,705,027
Carbondale additions 11,995,432
Edwardsville:
Housing and Auxiliary Facilities System 229,022
Other 3,813,858
Edwardsville additions 4,042,880
University Administration:
University Wide shared services 62,285
Other additions 62,285
Total additions $ 16,100,597
Year ended June 30, 2011
State of Illinois
Southern Illinois University
ANALYSIS OF SIGNIFICANT ACCOUNT BALANCES
CAPITAL ASSETS - CONTINUED
28
Year ended June 30, 2011
State of Illinois
Southern Illinois University
ANALYSIS OF SIGNIFICANT ACCOUNT BALANCES
CAPITAL ASSETS - CONTINUED
Equipment trade-ins, disposals and adjustments
by category fiscal year 2011
Carbondale:
Housing and Auxiliary Facilities System $ 87,085
Medical Facilities System 270,494
Other 3,642,776
Carbondale trade-ins, disposals and adjustments 4,000,355
Edwardsville:
Housing and Auxiliary Facilities System 79,849
Other 3,233,873
Edwardsville trade-ins, disposals and adjustments 3,313,722
University Administration:
University Wide Shared Services 57,634
University Administration trade-ins, disposals and adjustments 57,634
Total trade-ins, disposals and adjustments $ 7,371,711
29
Year ended June 30, 2011
State of Illinois
Southern Illinois University
ANALYSIS OF SIGNIFICANT ACCOUNT BALANCES
CAPITAL ASSETS - CONTINUED
Summary of equipment trade-ins, disposals and
adjustments by campus fiscal year 2011
Trade-ins:
Carbondale $ 412,783
Edwardsville 7,497
Total trade-ins 420,280
Disposals:
Carbondale 3,388,053
Edwardsville 23,228
University Administration 57,634
Total disposals 3,468,915
Adjustments:
Carbondale 199,519
Edwardsville 3,282,997
Total adjustments 3,482,516
Total equipment trade-ins, disposals and adjustments $ 7,371,711
30
Increase
2011 2010 (decrease)
Accounts payable $ 34,515,211 $ 38,572,249 $ (4,057,038)
Accrued payroll 11,987,032 9,317,627 2 ,669,405
Accrued interest payable 2,914,298 3,047,515 (133,217)
Accrued compensated absences:
Vacation 37,739,034 3 8,059,851 (320,817)
Sick leave and related costs for sick leave and vacation 11,862,865 1 2,971,606 (1,108,741)
Total compensated absences 49,601,899 51,031,457 (1,429,558)
Accrued self insurance 18,429,984 18,829,390 (399,406)
Housing deposits 312,600 287,550 2 5,050
Deposits held for University Related Organizations 11,502,129 8,612,524 2 ,889,605
Deposits held for others 1,331,924 753,379 578,545
Total accounts payable and
accrued liabilities $ 130,595,077 $ 130,451,691 $ 143,386
June 30, 2011 and 2010
State of Illinois
Southern Illinois University
ANALYSIS OF SIGNIFICANT ACCOUNT BALANCES
ACCOUNTS PAYABLE AND ACCRUED LIABILITIES
31
2011 2010
Deferred revenue
General revenue & tuition $ 12,411,976 $ 12,045,933
Auxiliary enterprises funded debt 3,823,764 3,749,025
Auxiliary enterprises other 335,559 332,038
Departmental activities 3,441,957 3,566,118
Federal grants & contracts 998,548 1,139,074
Private, foreign government, and
local government grants & contracts 15,142,063 14,265,137
State of Illinois grants & contracts 9,892,550 12,945,768
Renewals & replacements 153,231 30,888
Total deferred revenue $ 46,199,648 $ 48,073,981
June 30, 2011 and 2010
State of Illinois
Southern Illinois University
ANALYSIS OF SIGNIFICANT ACCOUNT BALANCES
DEFERRED REVENUE
32
Accrued
Fiscal Accrued Sick Pay and Related
Year Vacation Pay Costs for Vacation and Sick Leave Total
2011 $ 37,739,034 $ 11,862,865 $ 49,601,899
2010 38,059,851 1 2,971,606 51,031,457
2009 36,235,514 1 3,867,528 50,103,042
2008 33,130,845 1 4,836,467 47,967,312
2007 31,513,501 1 5,307,343 46,820,844
JUNE 30 FOR THE LAST FIVE YEARS
ACCRUED COMPENSATED ABSENCES AT
State of Illinois
Southern Illinois University
ANALYSIS OF SIGNIFICANT ACCOUNT BALANCES
33
Balance at Bonds Principal Accretion Balance at
July 1, 2010 Issued Reductions on Bonds June 30, 2011
Southern Illinois University
Housing and Auxiliary Facilities System
Revenue bonds:
Series 1993A $ 24,144,934 $ - $ 3,435,000 $ 1,448,476 $ 22,158,410
Series 1997A 19,398,036 - 3,125,000 1,060,357 17,333,393
Series 1999A 35,240,356 - 390,000 1,966,619 36,816,975
Series 2001A 6,190,000 - 1,455,000 - 4,735,000
Series 2003A 7,230,000 - 255,000 - 6,975,000
Series 2004A 36,905,000 - 920,000 - 35,985,000
Series 2006A 62,865,000 - 2,850,000 - 60,015,000
Series 2008A 29,090,000 - 845,000 - 28,245,000
Series 2009A 53,735,000 - 2,020,000 - 51,715,000
Total Housing and Auxiliary Facilities System 274,798,326 - 15,295,000 4,475,452 263,978,778
Medical Facilities System
Revenue bonds:
Series 2005 18,125,000 - 825,000 - 17,300,000
Total Medical Facilities System 18,125,000 - 825,000 - 17,300,000
Total bonds payable $ 292,923,326 $ - $ 16,120,000 $ 4,475,452 $ 281,278,778
The balances do not reflect unamortized debt premium (discount) or unamortized deferred loss on refunding.
June 30, 2011
State of Illinois
Southern Illinois University
ANALYSIS OF SIGNIFICANT ACCOUNT BALANCES
BONDS PAYABLE
34
State of Illinois
Southern Illinois University
ANALYSIS OF SIGNIFICANT ACCOUNT BALANCES
BONDS PAYABLE – CONTINUED
June 30, 2011 and 2010
Southern Illinois University Housing and Auxiliary Facilities System
On April 2, 2009, the Board adopted the Thirteenth Supplemental System Revenue Bond Resolution
which amended and supplemented the Original Resolution of August 29, 1984, the First Supplemental
Resolution of November 13, 1986, the Second Supplemental Resolution of February 13, 1992, the Third
Supplemental Resolution of May 13, 1993, the Fourth Supplemental Resolution of September 12, 1996,
the Fifth Supplemental Resolution of July 10, 1997, the Sixth Supplemental Resolution of May 13, 1999,
the Seventh Supplemental Resolution of May 11, 2000, the Eighth Supplemental Resolution of July 12,
2001, as amended and restated on December 11, 2003, the Ninth Supplemental Resolution of
December 12, 2002, the Tenth Supplemental Resolution of October 14, 2004 and the Eleventh
Supplemental Resolution of March 9, 2006, as amended and restated on May 2, 2006 and November 9,
2006, and the Twelfth Supplemental Resolution of April 10, 2008. The outstanding bond issues related to
the respective bond resolutions of the System are as follows:
Series 2009A Bonds
These bonds were authorized by the Board under the Thirteenth Supplemental Bond Resolution
dated April 2, 2009 and were issued as Taxable Build America Bonds in the original amount of
$53,735,000. The bonds were issued as current interest bonds on May 15, 2009 at a premium of
$226,028. Proceeds will be used for the construction and equipping of a new football stadium on
the Carbondale campus, including the relocation of certain tennis courts and playing fields from
the project site and the renovation and equipping of the SIU Arena and the construction of a new
addition thereto on the Carbondale campus.
Series 2008A Bonds
These bonds were authorized by the Board under the Twelfth Supplemental Bond Resolution
dated April 10, 2008 and were issued as current interest bonds in the original amount of
$30,105,000. The bonds were sold on May 8, 2008 at a premium of $1,359,732. The bonds
were issued to finance the construction and equipping of a Student Success Center on the
Edwardsville campus; the construction and equipping of an expansion to the Student Fitness
Center on the Edwardsville campus; the installation of automatic sprinkler systems and
associated upgrades in the residential facilities at Thompson Point and University Hall on the
Carbondale campus; and the installation of security cameras and an electronic access control
system at all exterior entries to the Thompson Point residential facility on the Carbondale
campus.
Series 2006A Bonds
These bonds were authorized by the Board under the Eleventh Supplemental Bond Resolution
dated March 9, 2006, as amended and restated on May 2, 2006 and November 9, 2006 and were
issued as current interest bonds in the original amount of $69,715,000. The bonds were sold on
May 24, 2006 at a premium of $3,155,475. The bonds were issued for the purpose of refunding a
portion of the Series 1997A, 2000A and 2001A current interest bonds; financing the construction
of a student residence hall with an adjoining parking lot for the Edwardsville campus; construction
of an additional 350 space parking lot for the Edwardsville campus; funding various
safety/security enhancements and other replacements to, and renovations of, the facilities of the
System on the Carbondale campus; and purchasing and implementing a student information
system for the Carbondale campus.
35
State of Illinois
Southern Illinois University
ANALYSIS OF SIGNIFICANT ACCOUNT BALANCES
BONDS PAYABLE – CONTINUED
June 30, 2011 and 2010
Series 2004A Bonds
These bonds were authorized by the Board under the Tenth Supplemental Bond Resolution
dated October 14, 2004 and were issued as current interest bonds in the original amount of
$40,390,000. The bonds were sold at a premium of $1,349,890 on February 25, 2003. The
bonds were issued to finance the design and construction of a new apartment-style residence
hall, Wall and Grant Apartments, and install automatic sprinkler systems in three existing
residence halls on the Carbondale campus; and to finance the costs to modify the HVAC system
and humidity control in three existing residence halls and remediate damage caused by excess
humidity at two of such existing residence halls on the Edwardsville campus.
Series 2003A Bonds
These bonds were authorized by the Board under the Ninth Supplemental Bond Resolution dated
December 12, 2002 and were issued as current interest bonds in the original amount of
$17,020,000. The bonds were sold at par on February 25, 2003. The bonds were issued to
finance the design and construction of a new Student Health Center building addition on the
Carbondale campus and to redeem the Series 1993A outstanding bonds.
Series 2001A Bonds
These bonds were authorized by the Board under the Eighth Supplemental Bond Resolution
dated July 12, 2001, as amended on December 11, 2003, and were issued as current interest
bonds in the original amount of $27,730,000. The bonds were sold on January 9, 2002 at a
premium of $440,042. The bonds were issued to finance improvements to the University Center
on the Edwardsville campus; the design and construction of a new softball complex on the
Carbondale campus; a complete replacement of the turf at McAndrew Stadium on the
Carbondale campus; modifications of the heating, ventilation, air conditioning and humidity
control system in Prairie Hall, Bluff Hall, and Woodland Hall on the Edwardsville campus; and to
redeem the Series 1992A outstanding bonds. On March 9, 2006 as amended and restated on
May 2, 2006 and November 9, 2006, the Board authorized the advance refunding of a portion of
the bonds of the Series 2001A. Bonds in the amount of $7,850,000 were advance refunded.
Series 1999A Bonds
These bonds were authorized by the Board under the Sixth Supplemental Bond Resolution dated
May 13, 1999 and were issued as capital appreciation bonds in the original amount of
$21,001,900. The bonds were issued at a premium of $53,851. The capital appreciation bonds
are non-interest bearing and will accrete the interest factor as additional bonds payable over the
term of the bonds. These bonds were issued to finance the construction of a residence hall and
renovations of the University Center food service facilities. All projects financed by the Series
1999A bonds are associated with the Edwardsville campus.
Series 1997A Bonds
These bonds were authorized by the Board under the Fifth Supplemental Bond Resolution dated
July 10, 1997 and were issued as current interest bonds and capital appreciation bonds in the
original amounts of $8,575,000 and $29,521,284, respectively. The current interest bonds were
issued at a nominal discount while the capital appreciation bonds were issued at par. The capital
appreciation bonds are non-interest bearing and will accrete the interest factor as additional
bonds payable over the term of the bonds. These bonds were issued to finance the construction
36
State of Illinois
Southern Illinois University
ANALYSIS OF SIGNIFICANT ACCOUNT BALANCES
BONDS PAYABLE – CONTINUED
June 30, 2011 and 2010
of Prairie Hall, a residence hall, renovations of existing housing and food service facilities, and
construction and improvement to the parking facilities. All projects financed by the Series 1997A
bonds are associated with the Edwardsville campus. On March 9, 2006 as amended and
restated on May 2, 2006 and November 9, 2006, the Board authorized the advance refunding of a
portion of the current interest bonds of the Series 1997A. Bonds in the amount of $2,915,000
were advance refunded.
Series 1993A Bonds
These bonds were authorized by the Board under the Third Supplemental Bond Resolution dated
May 13, 1993 and were issued as current interest bonds and capital appreciation bonds in the
original amount of $8,010,000 and $8,660,506, respectively. The current interest bonds were
issued at a nominal discount while the capital appreciation bonds were issued at par. The capital
appreciation bonds are non-interest bearing and will accrete the interest factor as additional
bonds payable over the term of the bonds. These bonds were issued to finance the acquisition of
the Northwest Annex, an existing facility, and the construction of the Child Care Center at the
Carbondale campus and the construction of Woodland Hall at the Edwardsville campus. On
December 12, 2002, the Board authorized the current refunding of the current interest bond
portion of the Series 1993A bonds. The bonds were called and redeemed in full on April 1, 2003.
Southern Illinois University Medical Facilities System
On October 10, 1996, the Board authorized the creation of the Southern Illinois University Medical
Facilities system and the sale of Medical Facilities System Revenue Bonds. The Series 1997 Bonds were
issued on March 27, 1997 in the amount of $16,855,000 for the purpose of acquiring the SIU Clinics
Building, an existing facility, located at 751 North Rutledge, Springfield, Illinois. On October 13, 2005, the
Board adopted the “Medical Facilities System Revenue Bonds Series 2005” resolution which amended
and restated the original resolution of October 10, 1996. The Board also authorized the issuance of the
Medical Facilities System Revenue Bonds Series 2005.
Series 2005 Bonds
These bonds were issued as current interest bonds in the amount of $21,290,000 and included
accrued interest of $41,314. The bonds were sold on November 15, 2005 at the premium of
$806,296. The bonds were used to finance the advance refunding of the Series 1997 bonds and
to finance the costs of constructing and equipping a new Cancer Institute Building on the
Springfield campus.
37
State of Illinois
Southern Illinois University
ANALYSIS OF SIGNIFICANT ACCOUNT BALANCES
BONDS PAYABLE AND ACCRUED INTEREST
June 30, 2011 and 2010
Advance Refunded Bonds:
The University has defeased bonds through advance refunding in prior years and, accordingly, they are
not reflected in the financial statements. The bonds which have been defeased as of June 30, 2011 are
as follows:
Advance Refunded Bonds
Outstanding at
Refunding Bonds June 30, 2011
Advance Refunding of 2006 $ 7,850,000
Accrued Interest:
Accrued interest on outstanding bonds payable at June 30, 2011 and June 30, 2010 is as follows:
2011 2010
Housing and Auxiliary Facilities System $ 2,367,061 $ 2,448,967
Medical Facilities System 208,225 216,309
Total $ 2,575,286 $ 2,665,276
38
Balance at COPs Principal Balance at
July 1, 2010 Issued Reductions June 30, 2011
Certificates of participation:
Series 2002 $ 1,426,229 $ - $ 455,744 $ 970,485
Series 2004A 21,431,596 - 2,415,348 19,016,248
Total certificates of participation $ 22,857,825 $ - $ 2,871,092 $ 19,986,733
Year ended June 30, 2011
State of Illinois
Southern Illinois University
ANALYSIS OF SIGNIFICANT ACCOUNT BALANCES
CERTIFICATES OF PARTICIPATION
39
Cancellations
Balance at Increases in Principal and Balance at
July 1, 2010 Capitalized Leases Payments Adjustments June 30, 2011
Southern Illinois University
Liabilities under capitalized leases:
All Points Public Financing $ 93,269 $ - $ 9 3,269 $ - $ -
Comerica Leasing Corporation (formerly Eltekon Capital) 7,650 - 3 ,748 - 3,902
Commerce Bank NA - 226,761 7 2,933 - 153,828
Eltekon Capital 30,624 - 1 3,341 - 17,283
IBM Corporation 34,011 - 3 4,011 - -
University lease 68,168 - 3 3,556 - 34,612
Total liabilities under capitalized leases $ 233,722 $ 226,761 $ 2 50,858 $ - $ 209,625
Year ended June 30, 2011
State of Illinois
Southern Illinois University
ANALYSIS OF SIGNIFICANT ACCOUNT BALANCES
LIABILITIES UNDER CAPITALIZED LEASES
40
State of Illinois
Southern Illinois University
ANALYSIS OF INDIRECT COST RECOVERIES
Year ended June 30, 2011
The indirect costs incurred in relation to grants and contracts are reimbursed by a portion of such grants
and contracts received from governmental agencies and private sources. The indirect costs incurred and
the subsequent reimbursements of such costs are accounted for in the University’s general ledger as
current unrestricted general funds. The reimbursement funds are needed for the following purposes:
• To provide monies for the prefunding of grants and contracts (i.e., expenditures made before
grant monies are received);
• To fund central research administrative costs and research-related indirect costs; and
• To fund facility development programs and activities relative to obtaining new contracts.
The University uses as its authority the State Finance Act (30 ILCS 105/6a-2) for retaining and expending
indirect cost reimbursement funds on a local basis.
41
The following is an analysis of the sources and applications of indirect cost reimbursements for the year
ended June 30, 2011:
Edwardsville Carbondale Total
Sources:
Transfers of indirect cost reimbursements
from restricted grants and contracts $ 2,082,391 $ 8,797,359 $ 10,879,750
Physicians & Surgeons Inc. - contributions
toward university overhead and academic development - 53,072,110 53,072,110
Contributions, investment income, and other 76,795 1,589,512 1,666,307
Total sources $ 2,159,186 $ 63,458,981 $ 65,618,167
Applications:
Organized research activities $ 234,449 4,278,842 $ 4,513,291
Instructional activities 297,311 657,356 954,667
Operation and maintenance of physical plant - 511,323 511,323
Academic support activities 1,189,622 154,142 1,343,764
Student services - 1,111,484 1,111,484
Public service activities 37,774 187,160 224,934
Institutional support 556,975 124,373 681,348
School of Medicine local resources - 37,910,568 37,910,568
Transfers out - 12,899,850 12,899,850
Total applications 2,316,131 57,835,098 60,151,229
Excess (Shortage) of sources over applications (156,945) 5,623,883 5,466,938
Balance at June 30, 2010 459,165 26,104,623 26,563,788
Balance at June 30, 2011 $ 302,220 $ 31,728,506 $ 32,030,726
Year ended June 30, 2011
State of Illinois
Southern Illinois University
ANALYSIS OF INDIRECT COST RECOVERIES - CONTINUED
42
Cash $ 20,261,293
Accounts receivable 9,743,935
Due from other funds 6,615,586
Prepaid expense 590
Total assets $ 36,621,404
Liabilities and fund balance
Liabilities:
Accounts payable $ 560,771
Accrued payroll 329,619
Accrued compensated absences 2,093,302
Due to other funds 1,909,206
Total liabilities 4,892,898
Fund balance 31,728,506
Total liabilities and fund balance $ 36,621,404
Assets
State of Illinois
Southern Illinois University Carbondale
INDIRECT COST RECOVERY ENTITY FINANCIAL SCHEDULES
Balance Sheet
June 30, 2011
43
Revenues:
Sales $ 17,020
Fees 307,829
Services 465,030
Physicians & Surgeons, Inc.- contributions toward
university overhead and academic development 53,072,110
Deposits 427,034
Interest 328,139
Contributions 40,365
Refunds 4,095
Transfers of indirect cost reimbursements from
restricted grants and contracts 8,797,359
Total revenues 63,458,981
Expenditures:
Salaries 2,421,146
Wages 121,550
Travel 403,777
Equipment 750,041
Commodities 434,708
Contractual services 2,249,512
Operation of autos 19,771
Telecommunications 31,098
Refunds 50
Awards and grants 87,950
Fringe benefits 505,077
School of Medicine local resources 37,910,568
Total expenditures 44,935,248
Net increase before transfers 18,523,733
Transfers to restricted grants and contracts (12,899,850)
Net increase for the year $ 5,623,883
Year ended June 30, 2011
State of Illinois
Southern Illinois University Carbondale
INDIRECT COST RECOVERY ENTITY FINANCIAL SCHEDULES - CONTINUED
Schedule of Revenues and Expenditures
44
Revenues $ 63,458,981
Expenditures (44,935,248)
Transfers to restricted grants and contracts (12,899,850)
Net increase for the year 5,623,883
Fund balance, June 30, 2010 26,104,623
Fund balance, June 30, 2011 $ 31,728,506
Year ended June 30, 2011
State of Illinois
Southern Illinois University Carbondale
INDIRECT COST RECOVERY ENTITY FINANCIAL SCHEDULES - CONTINUED
Schedule of Changes in Fund Balance
45
Assets
Cash $ 550,293
Interfund receivables 215
Total assets $ 550,508
Liabilities and fund balance
Liabilities:
Accounts payable $ 42,820
Accrued payroll 23,398
Accrued compensated absences 35,325
Interfund payables 146,745
Total liabilities 248,288
Fund balance 302,220
Total liabilities and fund balance $ 550,508
Southern Illinois University at Edwardsville
INDIRECT COST RECOVERY ENTITY FINANCIAL SCHEDULES
June 30, 2011
State of Illinois
Balance Sheet
46
Revenue
Sales $ 1 4,802
Fees 2 9,600
Services 3 ,350
Other 2 9,043
Transfer of indirect costs from restricted accounts 2,082,391
Total revenue 2,159,186
Expenditures
Salaries $ 4 06,754
Wages 6 ,682
Travel 2 36,543
Equipment 2 78,644
Commodities 2 26,390
Contractual services 1,076,859
Awards and Grants 750
Operation of auto 6 ,063
Telecommunications 1 2,010
Other 65,436
Total expenditures 2,316,131
Net increase (decrease) $ (156,945)
Year ended June 30, 2011
INDIRECT COST RECOVERY ENTITY FINANCIAL SCHEDULES - CONTINUED
Schedule of Revenues and Expenditures
State of Illinois
Southern Illinois University at Edwardsville
47
Revenues $ 2,159,186
Expenditures 2,316,131
Net increase (decrease) for the year (156,945)
Fund balance at June 30, 2010 459,165
Fund balance at June 30, 2011 $ 302,220
Year ended June 30, 2011
State of Illinois
Southern Illinois University at Edwardsville
INDIRECT COST RECOVERY ENTITY FINANCIAL SCHEDULES - CONTINUED
Schedule of Changes in Fund Balance
48
State of Illinois
Southern Illinois University
SPECIAL DATA REQUIREMENTS FOR UNIVERSITY AUDITS
Year ended June 30, 2011
We have been provided with a memorandum from the Auditor General dated July 25, 2000, entitled
Matters Regarding University Audits which requests the University to furnish certain supplemental
information. These special data requirements are provided below by cross-referencing to the 2011
reports where such information can be found. The letters below refer to the paragraphs in the
aforementioned letter.
A. No findings relating to compliance with University Guidelines were noted in the current year and
the prior audit dated February 25, 2011.
B. A statement of sources and applications of indirect cost recoveries is presented on page 42 of
this report.
C. The calculation of allowable indirect cost carry forward appears on pages 53 and 54 of this
report.
D. Beginning in fiscal year 1985, tuition is no longer retained to augment auxiliary enterprise
operations.
E. Descriptions of each accounting entity, including major sources of revenue and purpose, are
presented on page 55 of this report.
F. Financial statements for all Carbondale and Edwardsville entities and auxiliary enterprises
appear on pages 58 through 91 of this report.
G. Calculation of current excess funds is presented on pages 92 and 93 of this report. These
schedules indicate there were no amounts required to be deposited in the Income Fund.
H. Auxiliary enterprises, principally housing, the student centers, and recreation and medical
facilities have received State appropriated funds, primarily retirement benefits and insurance, in
the amounts shown in Note 1(J) to the 2011 Treasurer’s Reports to the Bondholders for the
Housing and Auxiliary Facilities System and Note 1(I) to the Medical Facilities System report.
I. A statement of receipts and disbursements for the funded debt enterprises is presented in the
2011 Treasurer’s Reports to the Bondholders for the Housing and Auxiliary Facilities System
and for the Medical Facilities System.
J. Audit tests of the revenue bonds fund accounting covenants revealed no instances of
noncompliance as stated in the Independent Auditors’ Report. See 2011, Treasurer’s Reports
to the Bondholders for the Housing and Auxiliary Facilities System and for the Medical Facilities
System.
K. The University does not utilize non-instructional facilities reserves.
L.-P. Organizations recognized by the University as University-Related Organizations (UROs);
payments by the UROs to the University for services provided by the University; and payments
by the University to the UROs for services provided by the UROs are disclosed in the following
reports:
Pages
Southern Illinois University Foundation (at Carbondale) Financial Report 24
Southern Illinois University Edwardsville Foundation Financial Report 26 - 27
The Association of Alumni, Former Students and Friends of Southern
Illinois University Incorporated Financial Report 14 - 15
The Alumni Association of Southern Illinois University Edwardsville Financial Report 17 - 18
University Park of Southern Illinois University at Edwardsville, Inc. Financial Report 16 - 18
SIU Physicians & Surgeons, Inc. Financial Report 20
The Southern Illinois Research Park, Inc. of Southern Illinois University at Carbondale
Financial Report 12 - 13
49
State of Illinois
Southern Illinois University
SPECIAL DATA REQUIREMENTS FOR UNIVERSITY AUDITS - CONTINUED
Year ended June 30, 2011
L.-P. (cont’d) See a summary of funds provided by the Foundations on pages 51 and 52 of this
report.
There were no cumulative unreimbursed subsidies to the UROs from the University.
Q. A schedule of cash and investments held by the University is included in Note 3 and 4 to the
financial statements.
R. Income from investments of pooled funds has been allocated and credited to the original
sources of the funds.
S. A schedule presenting costs per full-time equivalent is included on page 102 of this report.
T. There were no acquisitions of real estate by the University or UROs in excess of $250,000 that
were not funded by a separate appropriation specifically identifying the particular acquisition.
U. On June 17, 2004, the University issued Certificates of Participation (COPS) in the par amount
of $32,740,000. The COPS were issued at a discount of $91,480. The certificates were issued
to finance, in combination with University funds, the renovation of Morris Library, the
construction of a library storage facility, the construction of a Research Park, the replacement of
campus signage, the purchase of computer and research equipment, and energy conservation
measures, all at Carbondale; the construction of a Pharmacy building and the renovation of the
Dental School building, both at Edwardsville; and energy performance measures at the School
of Medicine in Springfield. The certificates bear interest at rates ranging from 2% to 5% payable
semi-annually, and principal installments ranging from $1,070,000 to $2,720,000 are payable
annually on February 15 beginning 2005 through the year 2024. As of June 30, 2011, these
certificates were outstanding in the amount of $19,016,248.
On June 5, 2002, the University issued Certificates of Participation (COPS) in the par amount of
$4,180,000. The COPS were issued at a premium of $10,540. The certificates were issued to
finance, in combination with University funds, the construction of a new support services
building to house business services offices and warehouse space for the University’s Springfield
medical campus. The certificates bear interest at rates ranging from 3.25% to 4.40% payable
semi-annually, and principal installments ranging from $355,000 to $495,000 are payable
annually on August 15 beginning 2003 through the year 2012. As of June 30, 2011, these
certificates were outstanding in the amount of $970,485.
50
State of Illinois
Southern Illinois University at Carbondale
SUMMARY OF FUNDS PROVIDED BY THE SOUTHERN ILLINOIS
UNIVERSITY FOUNDATIONS TO SOUTHERN ILLINOIS UNIVERSITY
Years ended June 30, 2011 and 2010
During the years ended June 30, 2011 and 2010, Southern Illinois University (at Carbondale) (the
“University”) contracted with the Foundation to provide fund raising and other services. In accordance
with the contract agreement, the University provided $5,019,089 and $5,161,566 respectively, in funds
and in-kind services and rent to the Foundation. Although not required under the contract, the
Foundation provided the University certain funds considered unrestricted for purposes of the University
Guidelines’ computations. Presented below is a summary of all funds that the Foundation provided to the
University during the years ended June 30:
2011 2010
Funds considered unrestricted for purposes of
the Guidelines’ computations:
Unrestricted $ 13,916 $ 14,929
Restricted only as to campus, college or department and
generally available for ongoing University operations:
Provided to particular campus 170,063 124,798
Provided to particular college 683,453 825,894
Provided to particular department 2,217,869 2,859,581
Provided to athletic association 2,966,603 6,210,557
Total funds considered unrestricted 6,051,904 10,035,759
Funds considered restricted for purposes of the Guidelines’
computations including gifts-in-kind:
Provided for student support 2,075,132 1,823,454
Provided for certain instructional research or
public service programs 545,837 574,461
Provided for physical facilities 153,225 67,404
Provided for other restricted purposes 38,277 1,707
Total funds considered restricted 2,812,471 2,467,026
Total funds provided by the Foundation to the
University $ 8,864,375 $ 12,502,785
51
State of Illinois
Southern Illinois University at Edwardsville
SUMMARY OF FUNDS PROVIDED BY THE SOUTHERN ILLINOIS
UNIVERSITY FOUNDATIONS TO SOUTHERN ILLINOIS UNIVERSITY
Years ended June 30, 2011 and 2010
During the years ended June 30, 2011 and 2010, Southern Illinois University at Edwardsville (the
“University”) contracted with the Southern Illinois University Edwardsville Foundation to provide fund
raising and other services. Although not required under the contract, the Foundation provided the
University certain funds considered unrestricted for purposes of the University Guidelines’ computations.
Presented below is a summary of all funds that the Foundation provided to the University during the years
ended June 30:
2011 2010
Funds considered unrestricted for purposes of
the Guidelines' computations:
Unrestricted $ 126,492 $ 56,493
Restricted only as to campus, college or
department and generally available for
ongoing University operations:
Provided to particular college 587,478 332,556
Provided to particular department 1,088,453 1,004,734
Provided to athletic association 590,943 339,434
Total funds considered unrestricted 2,393,366 1,733,217
Funds considered restricted for purposes of the
Guidelines' computations including gifts-in-kind:
Provided for student support 533,537 621,075
Provided for certain instructional research or
public service programs 484,460 238,977
Total funds considered restricted 1,017,997 860,052
Total funds provided by the Foundation
to the University $ 3,411,363 $ 2,593,269
52
1. Cash and equivalents balance:
Enter the June 30 indirect cost entity balance for cash
and equivalents:
Cash $ 2 0,261,293
Due from other funds 6,615,586
Total 26,876,879
2. Allocated reimbursements:
Enter the total indirect cost reimbursements allocated
for expenditure for the fiscal year completed:
$58,932,978; enter 30% of this amount 17,679,893
3. Unallocated reimbursements:
Enter the lesser of the actual unallocated indirect cost
reimbursements for the year completed or 10% of
total indirect cost allocations for the year completed 5 ,623,883
4. Encumbrances and current liabilities:
Paid in the lapse period:
Enter the amount of:
Current liabilities $ 2 ,404,175
Encumbrances 1,473,105
Total 3 ,877,280
5. Indirect cost carry-forward:
a. Enter the total of items 2,3, and 4 27,181,056
b. Subtract from item 1. If a positive number results
deposit in the income fund $ (304,177)
State of Illinois
Southern Illinois University Carbondale
CALCULATION OF INDIRECT COST CARRYFORWARD
June 30, 2011
53
1. Cash and equivalents balance:
Enter the June 30 indirect cost entity balance for cash
and equivalents:
Cash $ 5 50,293
Due from other funds 215
Total 550,508
2. Allocated reimbursements:
Enter the total indirect cost reimbursements allocated
for expenditure for the fiscal year completed:
$3,051,726; enter 30% of this amount 915,517
3. Unallocated reimbursements:
Enter the lesser of the actual unallocated indirect cost
reimbursements for the year completed or 10% of
total indirect cost allocations for the year completed -
4. Encumbrances and current liabilities:
Paid in the lapse period:
Enter the amount of:
Current liabilities 91,479
5. Indirect cost carry-forward:
a. Enter the total of items 2, 3, and 4 1,006,996
b. Subtract from item 1. If a positive number results
deposit in the income fund $ (456,488)
State of Illinois
Southern Illinois University at Edwardsville
CALCULATION OF INDIRECT COST CARRYFORWARD
June 30, 2011
54
State of Illinois
Southern Illinois University
IDENTIFICATION AND DESCRIPTION OF ENTITIES AND
AUXILIARY ENTERPRISES
June 30, 2011 and 2010
The individual entities of the University are described as follows:
CARBONDALE:
AUXILIARY ENTERPRISES:
Auxiliary Enterprises (Revenue Bond) – The accounts in this entity are used for the administration
and operation of the Southern Illinois University Housing and Auxiliary Facilities System. System
facility acquisitions and improvements were financed with proceeds from the sale of revenue
bonds. Facilities include the Student Center, Student Recreation Facility, University Housing,
Child Care Center, and Student Health Program.
Auxiliary enterprises (revenue bond) primarily receive revenues from student fees, room and
board, revenue bond fees, merchandise and food sales, and investment income.
Auxiliary Enterprises (Other) – The accounts in this entity include Evergreen Terrace, parking
operations, and other auxiliary activities that are not included in revenue bond operations.
Auxiliary enterprises (other) primarily receive revenues from housing rentals, the sale of parking
permits, parking violation fines, and investment income.
ACTIVITIES:
Service Departments – Activities for the operation, control, and distribution of costs associated
with services provided on a campus-wide basis, primarily to University departments, define the
purpose of these entity accounts. Examples include physical plant, printing, travel service,
research shops, and other service departments where such activities are directly related to
instruction, research, or public service.
Service department entity accounts receive revenues from services performed and goods
provided to University departments.
Clinical Support – The accounts in this entity are used for the administration and operation of
clinic and patient service facilities at the School of Medicine in Springfield.
Clinical support entity accounts primarily receive revenues from patient service fees and hospital
affiliation services.
55
State of Illinois
Southern Illinois University
IDENTIFICATION AND DESCRIPTION OF ENTITIES AND
AUXILIARY ENTERPRISES - CONTINUED
June 30, 2011 and 2010
Public Service and Academic Support Activities – The accounts in this entity are used to record
the activities in direct support of the primary academic and service mission of the University. Such
activities include continuing education, Touch of Nature, broadcasting service, the SIU Press,
research support, and other activities related to the administration of the various departments and
colleges.
The accounts in this entity receive revenues from operations, including sales of books, fees paid
by program participants, farm sales, investment income, and other sources.
Student Programs and Services – The administration and operation of student activities and
programs funded by student fees are included in this entity. Included are housing and recreational
activities, student organizations, counseling services, and other programs and services operated
primarily for students.
Student programs and services entity accounts receive revenues from student activity and
campus housing activity fees, ticket sales, investment income, and other sources.
Administration – The accounts in this entity are used to record the administrative and operational
activities of financial and other administrative offices. These include the bursar, purchasing,
human resources, information technology, and the activities of operations providing services to
students, faculty and staff which are not directly related to instruction and research.
The accounts in this entity receive revenues from operations and investment income.
EDWARDSVILLE:
AUXILIARY ENTERPRISES:
Auxiliary Enterprises (Revenue Bond) – The accounts in this entity are used for the administration
and operation of the Southern Illinois University Housing and Auxiliary Facilities System. System
facility acquisitions and improvements were financed with proceeds from the sale of revenue
bonds. Facilities include the University Center, Student Fitness Center, University Housing,
Student Success Center, and Traffic and Parking.
Auxiliary enterprises (revenue bond) receive revenues from student fees, room and board,
revenue bond fees, merchandise and food sales, parking decal sales, and other sources.
56
State of Illinois
Southern Illinois University
IDENTIFICATION AND DESCRIPTION OF ENTITIES AND
AUXILIARY ENTERPRISES - CONTINUED
June 30, 2011 and 2010
ACTIVITIES:
Academic Affairs – This entity includes accounts that are used to record extracurricular and
scholarly activities generally supportive of instruction, including those for which no academic
credit is earned, and research. Examples include accounts related to the College of Arts and
Sciences and to continuing education.
The accounts in this entity receive revenues from the sale of books and other instructional
materials, dental clinic fees, conference fees, and other sources.
Student Fee – The administration and operation of student activities and programs funded by
student fees are accounted for in this entity. Included are various housing, athletic and recreation
activities and textbook rentals.
Student fee accounts primarily receive revenue from student activity fees and textbook sales and
rental fees.
Administrative Services – The accounts in this entity provide services to students and to other
University departments. Included are various bursar services, printing and graphic services,
telephone services, and facilities management services.
The accounts in this entity receive revenues from services performed and goods provided to
University departments.
57
Public Service & Student Auxiliary Auxiliary
Academic Support Clinical Programs & Admini- Service Enterprises Enterprises
Activities Support Services stration Departments Other Revenue Bond
Current funds:
Cash and investments $ 10,780,009 $ 4,589,657 $ 2,488,219 $ 619,816 $ (2,041,746) $ 1,720,525 $ 17,968,709
Investments 44,300 - - - - - -
Due from other funds 436,152 8,298 254,025 588,160 10,834,361 304,164 5,087,934
Accounts receivable-net 1,154,908 2,367,911 2,248,266 435,964 8,849,234 237,805 3,572,957
Merchandise for resale 918,232 - - - 2,060,978 - 221,327
Prepaid expenses 24,731 5,423 2,099 - - 3,081 3,519
Total current funds $ 13,358,332 $ 6,971,289 $ 4,992,609 $ 1,643,940 $ 19,702,827 $ 2,265,575 $ 26,854,446
Plant funds:
Cash and investments $ 8,908 $ 446,367 $ 9,441,615 $ 12,200,088 $ 1,327,991 $ 2,230,928 $ 12,079,892
Accrued interest receivable - - - - - - 28,528
Notes receivable - - - - - - 146,768
Due from other funds - 350 466,974 - 1,111 1,748 3,877
Investment: plant buildings 210,456,215 83,455,737 3,812,469 7,544,706 45,099,582 5,980,330 273,435,104
Investment: plant equipment 61,176,826 34,957,726 4,975,508 1,970,787 20,524,629 208,271 18,940,396
Investment: construction in progress - - - - - - 4,272,563
Unamortized bond issuance cost - - - - - - 2,148,711
Unamortized bond discount (premium) - - - - - - (2,381,701)
Unamortized deferred loss on refunding - - - - - - 963,214
Total plant funds $ 271,641,949 $ 118,860,180 $ 18,696,566 $ 21,715,581 $ 66,953,313 $ 8,421,277 $ 309,637,352
Assets
State of Illinois
Southern Illinois University Carbondale
FINANCIAL SCHEDULES FOR ENTITIES AND AUXILIARY ENTERPRISES
Entity Balance Sheet
June 30, 2011
58
Public Service & Student Auxiliary Auxiliary
Academic Support Clinical Programs & Admini- Service Enterprises Enterprises
Activities Support Services stration Departments Other Revenue Bond
Current funds:
Liabilities:
Accounts payable $ 357,034 $ 229,808 $ 297,552 $ 267,384 $ 6,965,485 $ 76,591 $ 707,075
Due to other funds 913,520 45,681 6,805,161 395,297 2,035,422 294,243 960,266
Accrued payroll 169,057 154,081 85,342 21,348 1,104,289 21,525 828,582
Deferred revenue 963,380 17,206 1,063,081 - - 8,148 2,106,790
Compensated absence: vacation 388,453 5,074,251 351,345 174,186 684,915 260,369 3 ,159,480
Compensated absence: sick 57,367 322,174 30,479 30,530 124,055 74,060 522,862
Total current fund liabilities 2,848,811 5,843,201 8,632,960 888,745 10,914,166 734,936 8,285,055
Fund balances 1 0,509,521 1,128,088 (3,640,351) 755,195 8,788,661 1,530,639 18,569,391
Total current funds $ 1 3,358,332 $ 6,971,289 $ 4,992,609 $ 1,643,940 $ 19,702,827 $ 2,265,575 $ 26,854,446
Plant funds:
Liabilities:
Accounts payable $ - $ - $ - $ - $ 39,702 $ - $ 68,354
Due to other funds - - 578,515 - - - 1,573,315
Deferred revenue - - - - - - 153,231
Accrued interest payable - - - - - - 1,589,321
Revenue bonds payable - - - - - - 136,385,120
Total plant fund liabilities - - 578,515 - 39,702 - 139,769,341
Fund balances:
Plant fund repairs 8,908 446,717 9,330,074 12,200,088 1,289,400 2,232,676 9 ,223,265
Investment in plant & buildings 2 71,633,041 118,413,463 8,787,977 9,515,493 65,624,211 6,188,601 160,644,746
Total fund balances 2 71,641,949 118,860,180 18,118,051 21,715,581 66,913,611 8,421,277 169,868,011
Total plant funds $ 271,641,949 $ 118,860,180 $ 18,696,566 $ 21,715,581 $ 66,953,313 $ 8,421,277 $ 309,637,352
June 30, 2011
State of Illinois
Southern Illinois University Carbondale
FINANCIAL SCHEDULES FOR ENTITIES AND AUXILIARY ENTERPRISES - CONTINUED
Entity Balance Sheet - Continued
Liabilities and fund balances
59
Public Service & Student Auxiliary Auxiliary
Academic Support Clinical Programs & Admini- Service Enterprises Enterprises
Activities Support Services stration Departments Other Revenue Bond
Revenues:
Sales $ 3,769,342 $ 124,285 $ 3,024,565 $ 2,637 $ 15,895 $ 870,250 $ -
Fees 17,667,322 42,095,416 26,745,475 274,050 1,694,290 964,741 18,257,927
Services 11,557 17,390 114,072 8,166 130,046,098 6 63 -
Contributions 1,503,462 2,194,452 3,389,765 690,223 85 2,863 3,644
Rentals 380,256 - 206,484 - 73,064 95,001 42,410,541
Deposits 285,860 42 50,851 273,021 2,668,434 6,140 -
Investments 149,278 40,525 142,768 482,710 72,055 24,332 243,850
Refunds 55,520 - - - 26,912 - -
State appropriations - - - - - - 24,047,157
Medical facilities system - - - - - - 39,196,236
Other income 172,773 38,671 402,471 142,636 878,159 3,076,189 -
Total revenues 23,995,370 44,510,781 34,076,451 1,873,443 135,474,992 5,040,179 124,159,355
Expenditures:
Salaries 6,938,023 34,869,600 5,096,283 1,721,606 29,215,988 1,880,138 38,800,844
Wages 1,155,194 - 541,736 36,418 1,997,551 269,614 2,515,331
Travel 412,274 218,424 165,418 12,828 52,522 13,719 25,635
Equipment 360,552 673,350 247,319 47,228 1,440,309 324,918 1,319,095
Commodities 1,361,126 464,479 1,208,389 22,872 4,730,542 88,173 3,063,491
Contractual services 10,762,408 8,202,324 13,693,147 770,293 61,224,244 1,383 11,471,299
Refunds (34,550) 3,174 1,455 - 26,445 - -
Awards/grants 78,090 128,467 3,299,758 4,128 557 - -
Operation of auto 158,347 5,260 101,296 8 25 2,071,731 21,458 129,523
Permanent improvements - 1,869 - - 20,927,808 - -
Telecommunications 133,903 175,841 361,588 5,544 1,656,760 204,205 766,315
Fringe benefits 30,606 556,021 22,873 7,073 4,525,489 50,550 27,037,464
General administration/office expense - - 82,956 - - 1,168,724 7,925,026
Merchandise for resale - - - - 6,349,179 - 3,688,275
Utilities - - - - - 156,143 6,154,138
Maintenance 711,420 - 5,335 - 73,743 850,377 7,467,265
Mass transit expense - - 1,571,204 - - - -
Bad debt expense (7,403) 1,962 250,411 1,406 6,828 26,454 720,009
Total expenditures 22,059,990 45,300,771 26,649,168 2,630,221 134,299,696 5,055,856 111,083,710
Net increase(decrease)
before transfers 1,935,380 (789,990) 7,427,283 (756,778) 1,175,296 (15,677) 13,075,645
Transfers-additions (deductions):
Transfers 170,386 188,852 (10,212,135) 390,616 (2,315,610) (66,397) (11,659,170)
Net increase(decrease)
for the year $ 2,105,766 $ (601,138) $ (2,784,852) $ (366,162) $ (1,140,314) $ (82,074) $ 1,416,475
Year ended June 30, 2011
State of Illinois
Southern Illinois University Carbondale
FINANCIAL SCHEDULES FOR ENTITIES AND AUXILIARY ENTERPRISES - CONTINUED
Entity Schedule of Current Funds Revenues, Expenditures and Other Changes
60
Public Service & Student Auxiliary Auxiliary
Academic Support Clinical Programs & Admini- Service Enterprises Enterprises
Activities Support Services stration Departments Other Revenue Bond
Current funds:
Revenues $ 23,995,370 $ 44,510,781 $ 34,076,451 $ 1,873,443 $ 135,474,992 $ 5,040,179 $ 124,159,355
Expenditures ( 22,059,990) (45,300,771) ( 26,649,168) (2,630,221) (134,299,696) (5,055,856) (111,083,710)
Transfers-net additions
(deductions) 170,386 188,852 (10,212,135) 390,616 (2,315,610) (66,397) (11,659,170)
Net increase (decrease)
for the year 2,105,766 (601,138) (2,784,852) (366,162) (1,140,314) (82,074) 1,416,475
Fund balances, July 1, 2010 8,403,755 1,729,226 (855,499) 1,121,357 9,928,975 1,612,713 17,152,916
Fund balances (deficit), June 30, 2011 $ 10,509,521 $ 1,128,088 $ (3,640,351) $ 755,195 $ 8,788,661 $ 1,530,639 $ 18,569,391
Plant funds:
Revenues $ 1,049 $ 5,378 $ 87,088 $ - $ 15,006 $ 25,346 $ 39,192,051
Expenditures ( 12,118) - (820,166) - (879,525) - (20,648,631)
Transfers-net additions
(deductions) (108,159) (8,345) 3,471,901 12,375,148 846,033 (29,778) (4,383,504)
Other-additions (deductions) 2,305,092 7,373,398 (10,681,562) (508,822) 393,346 (125,816) -
Net increase (decrease)
for the year 2,185,864 7,370,431 (7,942,739) 11,866,326 374,860 (130,248) 14,159,916
Fund balances, July 1, 2010 269,456,085 111,489,749 26,060,790 9,849,255 66,538,751 8,551,525 155,708,095
Fund balances, June 30, 2011 $ 271,641,949 $ 118,860,180 $ 18,118,051 $ 21,715,581 $ 66,913,611 $ 8,421,277 $ 169,868,011
Year ended June 30, 2011
State of Illinois
Southern Illinois University Carbondale
FINANCIAL SCHEDULES FOR ENTITIES AND AUXILIARY ENTERPRISES - CONTINUED
Entity Schedule of Changes in Fund Balances
61
Revenue and Repair and Bond and Investment Combined
Operation and Replacement Interest in Total
Maintenance Reserve Sinking Fund Plant June 30, 2011
Cash $ - $ - $ 333,865 $ - $ 333,865
Pooled cash and investments 9,799,302 2,430,050 - - 12,229,352
Investment - U.S. treasury notes - - 2,532,905 - 2,532,905
Accounts receivable-net 1,978,292 - - - 1,978,292
Accrued interest receivable - - 6,316 - 6,316
Merchandise for resale 66,842 - - - 66,842
Due from other funds 133,774 1,690 - - 1 35,464
Investment in plant:
Land - - - 6 05,395 6 05,395
Buildings - - - 109,997,719 109,997,719
Improvements - - - 1,856,225 1,856,225
Equipment - - - 3,349,283 3,349,283
Construction in progress - - - 2,274,545 2,274,545
Unamortized bond issuance cost - - 650,911 - 6 50,911
Unamortized bond discount (premium) - - (1,797,075) - (1,797,075)
Unamortized deferred loss on refunding - - 166,997 - 166,997
Total assets $ 11,978,210 $ 2,431,740 $ 1,893,919 $ 118,083,167 $ 134,387,036
Liabilities:
Accounts payable $ 160,381 $ 68,354 $ - $ - $ 228,735
Due to other funds 552,231 1,495,943 - - 2,048,174
Accrued payroll 206,082 - - - 2 06,082
Other accrued liabilities 507,261 - - - 5 07,261
Deferred revenue 1,112,560 - - - 1,112,560
Accrued interest payable - - 530,503 - 530,503
Total current liabilities 2,538,515 1,564,297 530,503 - 4,633,315
Revenue bonds payable - - - $ 49,796,255 49,796,255
Fund balances 9,439,695 867,443 1,363,416 68,286,912 79,957,466
Total liabilities and fund balances $ 11,978,210 $ 2,431,740 $ 1,893,919 $ 118,083,167 $ 134,387,036
Assets
Liabilities and fund balances
State of Illinois
Southern Illinois University Carbondale
FINANCIAL SCHEDULES FOR ENTITIES AND AUXILIARY ENTERPRISES - CONTINUED
HOUSING AUXILIARY ENTERPRISES
Balance Sheet
June 30, 2011
62
Revenue and
Operation and
Maintenance
Revenues:
Residence halls and apartments $ 3 8,649,710
Investment income 150,524
State appropriations on behalf of the system 4,200,261
Total revenues 43,000,495
Expenditures:
Salaries and wages 10,703,146
Merchandise for resale 3,514,524
Utilities 4,041,253
Maintenance and repairs 6,576,351
Other 7,534,024
State appropriations on behalf of the system 4,200,261
Total expenditures 36,569,559
Excess of revenues over expenditures 6,430,936
Transfers - additions/(deductions):
Mandatory transfers:
Bond principal and interest (5,016,768)
Repair and replacement reserve (504,447)
Non-mandatory transfers:
Repair and replacement reserve (1,571,957)
General operating 210
Total transfers, net (7,092,962)
Net increase (decrease) in fund balance $ (662,026)
Schedule of Current Funds Revenues, Expenditures and
Other Changes
Year ended June 30, 2011
State of Illinois
Southern Illinois University Carbondale
FINANCIAL SCHEDULES FOR ENTITIES AND AUXILIARY ENTERPRISES
HOUSING AUXILIARY ENTERPRISES - CONTINUED
63
Revenue and Repair and Bond and Investment Combined
Operation and Replacement Interest in Total
Maintenance Reserve Sinking Fund Plant June 30, 2011
Revenues and other additions:
From operations and fees $ 38,649,710 $ - $ - $ - $ 38,649,710
Investment income 150,524 21,937 22,283 - 194,744
Capitalized expenditures - - - 5,096,016 5,096,016
Bond principal payments - - - 2,775,382 2,775,382
State appropriations on behalf of system 4,200,261 - - - 4,200,261
Total revenues and other additions 43,000,495 21,937 22,283 7,871,398 50,916,113
Expenditures and other deductions:
Operations 36,569,559 - - - 36,569,559
Expenditures for plant facilities - 4,225,577 - - 4,225,577
Bond principal payments - - 2,775,382 - 2,775,382
Interest expense - - 2,089,208 - 2,089,208
Capital appreciation on bonds payable 1993A - - - 405,566 405,566
Capital assets retired - - - 20,723 20,723
Amortization of bond issuance cost - - 34,026 - 34,026
Amortization of deferred loss on refunding - - 31,117 - 31,117
Total expenditures and other deductions 36,569,559 4,225,577 4,929,733 426,289 46,151,158
Transfers - additions/(deductions):
Mandatory transfers:
Bond principal and interest (5,016,768) - 5,016,768 - -
Repair and replacement reserve (504,447) 504,447 - - -
Non-mandatory transfers:
Unexpended plant - - 278 (3,221,902) (3,221,624)
Repair and replacement reserve (1,571,957) 1,571,957 - - -
General operating 210 - - - 210
Total transfers, net (7,092,962) 2,076,404 5,017,046 (3,221,902) (3,221,414)
Net increase (decrease) for the year (662,026) (2,127,236) 109,596 4,223,207 1,543,541
Fund balances, July 1, 2010 10,101,721 2,994,679 1,253,820 64,063,705 78,413,925
Fund balances, June 30, 2011 $ 9,439,695 $ 867,443 $ 1,363,416 $ 68,286,912 $ 79,957,466
Schedule of Changes in Fund Balances
Year ended June 30, 2011
State of Illinois
Southern Illinois University Carbondale
FINANCIAL SCHEDULES FOR ENTITIES AND AUXILIARY ENTERPRISES
HOUSING AUXILIARY ENTERPRISES - CONTINUED
64
Revenue and Repair and Bond and Investment Combined
Operation and Replacement Interest in Total
Maintenance Reserve Sinking Fund Plant June 30, 2011
Cash $ - $ - $ 54,557 $ - $ 54,557
Pooled cash and investments 1,939,042 753,077 - - 2,692,119
Investment - U.S. treasury notes - - 413,658 - 413,658
Accounts receivable-net 351,818 - - - 351,818
Accrued interest receivable - - 1,032 - 1,032
Merchandise for resale 33,100 - - - 33,100
Prepaid expenses and other assets 3,519 - - - 3,519
Due from other funds 24,554 523 - - 25,077
Investment in plant:
Buildings - - - 20,255,367 20,255,367
Equipment - - - 635,905 635,905
Unamortized bond issuance cost - - 45,038 - 45,038
Unamortized bond discount (premium) - - (122,242) - (122,242)
Unamortized deferred loss on refunding - - 4,507 - 4,507
Total assets $ 2,352,033 $ 753,600 $ 396,550 $ 20,891,272 $ 24,393,455
Liabilities:
Accounts payable $ 38,964 $ - $ - $ - $ 38,964
Due to other funds 143,252 4,508 - - 147,760
Accrued payroll 68,170 - - - 68,170
Other accrued liabilities 286,671 - - - 286,671
Deferred revenue 246,876 - - - 246,876
Accrued interest payable - - 23,931 - 23,931
Total current liabilities 783,933 4,508 23,931 - 812,372
Revenue bonds payable - - - 3,303,668 3,303,668
Fund balances 1,568,100 749,092 372,619 17,587,604 20,277,415
Total liabilities and fund balances $ 2,352,033 $ 753,600 $ 396,550 $ 20,891,272 $ 24,393,455
Assets
Liabilities and fund balances
State of Illinois
Southern Illinois University Carbondale
FINANCIAL SCHEDULES FOR ENTITIES AND AUXILIARY ENTERPRISES - CONTINUED
STUDENT CENTER AUXILIARY ENTERPRISES
Balance Sheet
June 30, 2011
65
Revenue and
Operation and
Maintenance
Revenues:
Sales and services $ 6,347,042
Investment income 29,407
State appropriations on behalf of system 1,561,639
Total revenues 7,938,088
Expenditures:
Salaries and wages 2,958,573
Merchandise for resale 24,493
Utilities 1,137,447
Maintenance and repairs 412,043
Other 635,985
State appropriations on behalf of system 1,561,639
Total expenditures 6,730,180
Excess of revenues over expenditures 1,207,908
Transfers - additions/(deductions):
Mandatory transfers:
Bond principal and interest (545,449)
Repair and replacement reserve (54,982)
Non-mandatory transfers:
Repair and replacement reserve (475,073)
General operating 3,539
Total transfers, net (1,071,965)
Net increase (decrease) in fund balance $ 135,943
Schedule of Current Funds Revenues, Expenditures and
Other Changes
Year ended June 30, 2011
State of Illinois
Southern Illinois University Carbondale
FINANCIAL SCHEDULES FOR ENTITIES AND AUXILIARY ENTERPRISES
STUDENT CENTER AUXILIARY ENTERPRISES - CONTINUED
66
Revenue and Repair and Bond and Investment Combined
Operation and Replacement Interest in Total
Maintenance Reserve Sinking Fund Plant June 30, 2011
Revenues and other additions:
From operations and fees $ 6,347,042 $ - $ - $ - $ 6,347,042
Investment income 29,407 8,424 3,775 - 41,606
Capitalized expenditures - - - 614,127 614,127
Bond principal payments - - - 449,971 449,971
State appropriations on behalf of system 1,561,639 - - - 1,561,639
Total revenues and other additions 7,938,088 8,424 3,775 1,064,098 9,014,385
Expenditures and other deductions:
Operations 6,730,180 - - - $ 6,730,180
Expenditures for plant facilities - 756,384 - - 756,384
Bond principal payments - - 449,971 - 449,971
Interest expense - - 96,864 - 96,864
Capital appreciation on bonds payable 1993A - - - 114,107 114,107
Amortization of bond issuance cost - - 3,143 - 3,143
Amortization of deferred loss on refunding - - 4,507 - 4,507
Total expenditures and other deductions 6,730,180 756,384 554,485 114,107 8,155,156
Transfers - additions/(deductions):
Mandatory transfers:
Bond principal and interest (545,449) - 545,449 - -
Repair and replacement reserve (54,982) 54,982 - - -
Non-mandatory transfers:
Repair and replacement reserve (475,073) 475,073 - - -
General operating 3,539 - - - 3,539
Total transfers, net (1,071,965) 530,055 545,449 - 3,539
Net increase (decrease) for the year 135,943 (217,905) ( 5,261) 949,991 862,768
Fund balances, July 1, 2010 1,432,157 966,997 377,880 16,637,613 19,414,647
Fund balances, June 30, 2011 $ 1,568,100 $ 749,092 $ 372,619 $ 17,587,604 $ 20,277,415
Schedule of Changes in Fund Balances
Year ended June 30, 2011
State of Illinois
Southern Illinois University Carbondale
FINANCIAL SCHEDULES FOR ENTITIES AND AUXILIARY ENTERPRISES
STUDENT CENTER AUXILIARY ENTERPRISES - CONTINUED
67
Revenue and Repair and Bond and Investment Combined
Operation and Replacement Interest in Total
Maintenance Reserve Sinking Fund Plant June 30, 2011
Cash $ - $ - $ 328,487 $ - $ 328,487
Pooled cash and investments 3,758,333 1,387,903 - - 5,146,236
Investment - U.S. Treasury Notes - - 2,492,346 - 2,492,346
Accounts receivable-net 1,242,847 - - - 1,242,847
Accrued interest receivable - - 6,215 - 6,215
Merchandise for resale 121,385 - - - 121,385
Due from other funds 33,087 965 - - 34,052
Investment in plant:
Buildings - - - 101,099,892 101,099,892
Improvements - - - 105,728 105,728
Equipment - - - 9,663,776 9,663,776
Construction in progress - - - 233,346 233,346
Unamortized bond issuance cost - - 1,213,623 - 1,213,623
Unamortized bond discount (premium) - - (462,384) - (462,384)
Unamortized deferred loss on refunding - - 25,464 - 25,464
Total assets $ 5,155,652 $ 1,388,868 $ 3,603,751 $ 111,102,742 $ 121,251,013
Liabilities:
Accounts payable $ 178,868 $ - $ - $ - $ 178,868
Due to other funds 168,438 72,864 - - 241,302
Accrued payroll 209,774 - - - 209,774
Other accrued liabilities 868,763 - - - 868,763
Deferred revenue 747,354 - - - 747,354
Accrued interest payable - - 826,662 - 826,662
Total current liabilities 2,173,197 72,864 826,662 - 3,072,723
Revenue bonds payable - - - 65,603,394 65,603,394
Fund balances 2,982,455 1,316,004 2,777,089 45,499,348 52,574,896
Total liabilities and fund balances $ 5,155,652 $ 1,388,868 $ 3,603,751 $ 111,102,742 $ 121,251,013
Assets
Liabilities and fund balances
State of Illinois
Southern Illinois University Carbondale
FINANCIAL SCHEDULES FOR ENTITIES AND AUXILIARY ENTERPRISES - CONTINUED
STUDENT RECREATION CENTER, CHILD CARE CENTER, ATHLETIC FACILITIES
AND STUDENT HEALTH PROGRAM AUXILIARY ENTERPRISES
Balance Sheet
June 30, 2011
68
Revenue and
Operation and
Maintenance
Revenues:
Operations and fees $ 15,675,360
Investment income 55,377
State appropriations on behalf of system 3,953,277
Total revenues 19,684,014
Expenditures:
Salaries and wages 8,299,072
Merchandise for resale 149,257
Utilities 1,092,595
Maintenance and repairs 929,191
Other 2,869,154
State appropriations on behalf of system 3,953,277
Total expenditures 17,292,546
Excess of revenues over expenditures 2,391,468
Transfers - additions/(deductions):
Mandatory transfers:
Bond principal and interest (4,900,000)
Repair and replacement reserve (492,354)
Non-mandatory transfers:
Repair and replacement reserve (730,064)
Athletic facilities RRR 155,875
Other Auxiliaries (90,603)
General operating 4,314,026
Total transfers, net (1,743,120)
Net increase (decrease) in fund balance $ 648,348
Schedule of Current Funds Revenues, Expenditures and
Other Changes
Year ended June 30, 2011
State of Illinois
Southern Illinois University Carbondale
FINANCIAL SCHEDULES FOR
STUDENT RECREATION CENTER, CHILD CARE CENTER, ATHLETIC FACILITIES
ENTITIES AND AUXILIARY ENTERPRISES
AND STUDENT HEALTH PROGRAM AUXILIARY ENTERPRISES - CONTINUED
69
Revenue and Repair and Bond and Investment Combined
Operation and Replacement Interest in Total
Maintenance Reserve Sinking Fund Plant June 30, 2011
Revenues and other additions:
From operations and fees $ 15,675,360 $ - $ - $ - $ 15,675,360
Investment income 55,377 20,336 22,711 - 98,424
Capitalized expenditures - - - 21,361,895 21,361,895
Bond principal payments - - - 3,528,859 3,528,859
Contributions - - 1,000,000 - 1,000,000
Other - - 986,657 - 986,657
State appropriations on behalf of system 3,953,277 - - - 3,953,277
Total revenues and other additions 19,684,014 20,336 2,009,368 24,890,754 46,604,472
Expenditures and other deductions:
Operations 17,292,546 - - - 17,292,546
Expenditures for plant facilities - 459,125 - - 459,125
Bond principal payments - - 3,528,859 - 3,528,859
Interest expense - - 3,359,841 - 3,359,841
Capital appreciation on bonds payable 1993A - - - 176,100 176,100
Capital assets retired - - - 70,220 70,220
Amortization of bond issuance cost - - 67,232 - 67,232
Amortization of deferred loss on refunding - - 8,807 - 8,807
Total expenditures and other deductions 17,292,546 459,125 6,964,739 246,320 24,962,730
Transfers - additions/(deductions):
Mandatory transfers:
Bond principal and interest (4,900,000) - 4,900,000 - -
Repair and replacement reserve (492,354) 492,354 - - -
Non-mandatory transfers:
Unexpended plant - (1,300,000) - (15,925,952) (17,225,952)
Repair and replacement reserve (730,064) 730,064 - - -
Athletic facilities RRR 155,875 - - - 155,875
Other Auxiliaries (90,603) - - - (90,603)
General operating 4,314,026 - - - 4,314,026
Total transfers, net (1,743,120) (77,582) 4,900,000 (15,925,952) (12,846,654)
Net increase (decrease) for the year 648,348 (516,371) (55,371) 8,718,482 8,795,088
Fund balances, July 1, 2010 2,334,107 1,832,375 2,832,460 36,780,866 43,779,808
Fund balances, June 30, 2011 $ 2,982,455 $ 1,316,004 $ 2,777,089 $ 45,499,348 $ 52,574,896
AND STUDENT HEALTH PROGRAM AUXILIARY ENTERPRISES - CONTINUED
Schedule of Changes in Fund Balances
Year ended June 30, 2011
State of Illinois
Southern Illinois University Carbondale
FINANCIAL SCHEDULES FOR ENTITIES AND AUXILIARY ENTERPRISES
STUDENT RECREATION CENTER, CHILD CARE CENTER, ATHLETIC FACILITIES
70
Revenue and Repair and Bond and Investment Combined
Operation and Replacement Interest in Total
Maintenance Reserve Sinking Fund Plant June 30, 2011
Cash $ 2,472,032 $ 924,216 $ 144,163 $ - $ 3,540,411
Pooled cash and investments - - 284,665 - 284,665
Accrued interest receivable, net - 14,259 706 - 14,965
Notes receivable - 146,768 - - 146,768
Due from other funds 4,896,519 699 - - 4,897,218
Investment in plant:
Land - - - 2,594,757 2,594,757
Buildings - - - 36,920,021 36,920,021
Equipment - - - 5,291,432 5,291,432
Construction in progress - - - 1,764,672 1,764,672
Unamortized bond issuance cost - - 239,139 - 239,139
Unamortized deferred amount on refunding - - 766,246 - 766,246
Total assets $ 7,368,551 $ 1,085,942 $ 1,434,919 $ 46,570,882 $ 56,460,294
Liabilities:
Accounts payable $ 328,862 $ - $ - $ - $ 328,862
Due to other funds 96,345 - - - 96,345
Accrued payroll 344,556 - - - 344,556
Other accrued liabilities 2,019,647 - - - 2,019,647
Unamortized bond premium - - 381,803 - 381,803
Deferred revenue - 153,231 - - 153,231
Accrued interest payable - - 208,225 - 208,225
Total current liabilities 2,789,410 153,231 590,028 - 3,532,669
Revenue bonds payable - - - 17,300,000 17,300,000
Fund balances 4,579,141 932,711 844,891 29,270,882 35,627,625
Total liabilities and fund balances $ 7,368,551 $ 1,085,942 $ 1,434,919 $ 46,570,882 $ 56,460,294
Assets
Liabilities and fund balances
State of Illinois
Southern Illinois University Carbondale
FINANCIAL SCHEDULES FOR ENTITIES AND AUXILIARY ENTERPRISES - CONTINUED
MEDICAL FACILITIES SYSTEM
Balance Sheet
June 30, 2011
71
Revenue and
Operation and
Maintenance
Revenues:
Medical facilities system $ 39,196,236
Investment income 8,542
State appropriations on behalf of the system 14,331,980
Total revenues 53,536,758
Expenditures:
Salaries and wages 21,562,601
Contractual services 10,480,538
Other 4,116,306
State appropriations on behalf of the system 14,331,980
Total expenditures 50,491,425
Excess of revenues over expenditures 3,045,333
Transfers - additions (deductions):
Mandatory transfers:
Bond principal and interest (1,552,548)
Repair and replacement reserve (198,575)
Total transfers, net (1,751,123)
Net increase (decrease) in fund balance $ 1,294,210
Schedule of Current Funds Revenues, Expenditures and
Other Changes
Year ended June 30, 2011
State of Illinois
Southern Illinois University Carbondale
FINANCIAL SCHEDULES FOR ENTITIES AND AUXILIARY ENTERPRISES
MEDICAL FACILITIES SYSTEM - CONTINUED
72
Revenue and Repair and Bond and Investment Combined
Operation and Replacement Interest in Total
Maintenance Reserve Sinking Fund Plant June 30, 2011
Revenues and other additions:
From operations and fees $ 39,196,236 $ - $ - $ - $ 39,196,236
Investment income 8,542 9,149 1,089 - 18,780
Other non-operating revenue - 4,883 115,842 - 120,725
Capitalized expenditures - - - 2,323,715 2,323,715
Bond principal payments - - - 825,000 825,000
State appropriations on behalf of system 14,331,980 - - - 14,331,980
Total revenues and other additions 53,536,758 14,032 116,931 3,148,715 56,816,436
Expenditures and other deductions:
Operations 50,491,425 6,464 (5,822) - 50,492,067
Bond principal payments - - 825,000 - 825,000
Interest expense - - 875,736 - 875,736
Capital assets retired - - - 270,494 270,494
Total expenditures and other deductions 50,491,425 6,464 1,694,914 270,494 52,463,297
Transfers - additions (deductions):
Mandatory transfers:
Bond principal and interest (1,552,548) - 1,552,548 - -
Repair and replacement reserve (198,575) 198,575 - - -
Nonmandatory transfers:
Bond and interest sinking fund - - 21,853 - 21,853
Repair and replacement reserve - 2 - - 2
Total transfers, net (1,751,123) 198,577 1,574,401 - 21,855
Net increase (decrease) for the year 1,294,210 206,145 (3,582) 2,878,221 4,374,994
Fund balances, July 1, 2010 3,284,931 726,566 848,473 26,392,661 31,252,631
Fund balances, June 30, 2011 $ 4,579,141 $ 932,711 $ 844,891 $ 29,270,882 $ 35,627,625
Schedule of Changes in Fund Balances
Year ended June 30, 2011
State of Illinois
Southern Illinois University Carbondale
FINANCIAL SCHEDULES FOR ENTITIES AND AUXILIARY ENTERPRISES
MEDICAL FACILITIES SYSTEM - CONTINUED
73
Academic Student Administrative
Affairs Fee Services Auxiliary
Activities Activities Activities Enterprises
Current funds:
Share of pooled cash and investments $ 8,335,162 $ 4,584,036 $ 8,090,748 $ 6,194,743
Interfund Receivables 24,903 129,384 7,208,646 462,949
Accounts receivable (less allowance for
doubtful accounts) 333,212 501,777 580,177 900,659
Inventories 454,771 4,624,220 146,295 1,174,665
Prepaid expense - 301 324 31,192
Total current funds $ 9,148,048 $ 9,839,718 $ 16,026,190 $ 8,764,208
Plant funds:
Share of pooled cash and investments $ (590) $ 401,717 $ - $ (40,026)
Interfund receivables - - - 60,598
Improvements - - - 9,045,941
Equipment 7,168,202 1,035,014 13,065,522 2,545,060
Total plant funds $ 7,167,612 $ 1,436,731 $ 13,065,522 $ 11,611,573
Current funds:
Liabilities:
Accounts payable $ 700,580 $ 162,818 $ 1,932,950 $ 889,131
Accrued payroll 59,603 86,925 376,445 362,698
Deferred revenue 645,330 592,628 379,412 1,716,974
Refundable deposits - - - 312,600
Accrued compensated absences 214,849 364,388 1,225,694 776,429
Interfund payables 178,533 170,522 693,120 952,392
Total liabilities 1,798,895 1,377,281 4,607,621 5,010,224
Fund balances 7,349,153 8,462,437 11,418,569 3,753,984
Total current funds $ 9,148,048 $ 9,839,718 $ 16,026,190 $ 8,764,208
Plant funds:
Liabilities:
Accounts payable $ - $ - $ - $ 20,572
Fund balances:
Unexpended plant - 401,717 - -
Renewals and replacements (590) - - -
Investment in plant 7,168,202 1,035,014 13,065,522 11,591,001
Total fund balances 7,167,612 1,436,731 13,065,522 11,591,001
Total plant funds $ 7,167,612 $ 1,436,731 $ 13,065,522 $ 11,611,573
Liabilities and fund balances
Southern Illinois University at Edwardsville
FINANCIAL SCHEDULES FOR ENTITIES AND AUXILIARY ENTERPRISES
June 30, 2011
State of Illinois
Entity Balance Sheet
Assets
74
Academic Student Administrative
Affairs Fee Services Auxiliary
Activities Activities Activities Enterprises
Revenues:
Sales $ 979,755 $ 961,008 $ 510,763 $ 15,182,871
Fees 8,052,989 11,556,727 11,964,608 10,266,939
Services 70,505 1,190 29,765,175 ( 57,695)
Investment income - 34,957 127,341 90,711
Rentals 202,506 76,749 276,633 17,985,645
Other income 736,853 258,141 486,773 548,024
Total revenues 10,042,608 12,888,772 43,131,293 44,016,495
Expenditures:
Salaries 2,654,471 3,750,062 10,895,629 7,300,094
Wages 131,951 508,655 234,666 3,087,785
Travel 128,852 134,554 51,242 26,915
Equipment 756,902 363,170 2,633,137 397,309
Commodities 1,403,281 518,224 1,194,803 718,040
Contractual services 2,044,463 2,000,580 17,506,452 7,133,347
Awards and grants 425,777 780,267 11,837 1,000
Operation of auto 25,458 77,026 584,031 87,274
Telecommunications 119,418 102,615 1,531,451 802,168
Other 612,798 2,353,194 5,116,110 8,146,899
Total expenditures 8,303,371 10,588,347 39,759,358 27,700,831
Net increase (decrease) before transfer 1,739,237 2,300,425 3,371,935 16,315,664
Transfers - additions (deductions):
University initiatives - - 13,227 -
Newspaper to equipment reserve - 9,544 - -
Campus recreation to equipment reserve - (80,000) - -
SDM to equipment reserve - (40,000) - -
Debt service and renewals and replacements - - - (17,083,371)
Other transfers 120,000 77 - 4,894
Total transfers 120,000 (110,379) 13,227 (17,078,477)
Net increase (decrease) for the year $ 1,859,237 $ 2,190,046 $ 3,385,162 $ (762,813)
Other income:
Contributions $ 57,984 $ 1,350 $ 163,152 $ 27,000
Deposits 294,579 69,919 97,605 27,856
Refunds 320,576 185,745 225,754 397,848
Other 6 3,714 1,127 262 95,320
Total other 736,853 258,141 486,773 548,024
Other expenditures:
Refunds 121,999 13,703 46,324 68,260
Waivers 1,200 98,845 20,705 78,168
General merchandise 7,694 78,115 1,625 1,379,515
Merchandise resale 388,304 1,358,428 14,518 6,154,420
Permanent improvements - 318,135 2,590,613 -
Bad debt expense 43,817 99,515 278,783 193,208
Competition travel - 231,731 95 -
Recruiting - 40,510 - -
Office expense - - 1,922 -
Employee contribution 49,748 83,276 2,149,538 219,318
Insurance loan - 11,001 (24,623) 13,622
Social security 36 19,935 36,610 40,388
Total other $ 612,798 $ 2,353,194 $ 5,116,110 $ 8,146,899
Southern Illinois University at Edwardsville
FINANCIAL SCHEDULES FOR ENTITIES AND AUXILIARY ENTERPRISES - CONTINUED
Year Ended June 30, 2011
State of Illinois
Entity Schedule of Current Funds, Revenue, Expenditures and Other Changes
75
Academic Student Administrative
Affairs Fee Services Auxiliary
Activities Activities Activities Enterprises
Current funds:
Revenue $ 10,042,608 $ 12,888,772 $ 43,131,293 $ 44,016,495
Expenditures (8,303,371) (10,588,347) (39,759,358) (27,700,831)
Transfers-net additions (deductions) 120,000 (110,379) 1 3,227 (17,078,477)
Net increase (decrease)
for the year 1,859,237 2,190,046 3,385,162 (762,813)
Fund balances June 30, 2010 5,424,759 6,272,391 8,098,564 4,516,797
Prior year adjustment 65,157 - (65,157) -
Fund balances June 30, 2011 $ 7,349,153 $ 8,462,437 $ 11,418,569 $ 3,753,984
Plant funds:
Investment income $ - $ 2,247 $ - $ -
Net increase (decrease) in fair market
value of investments - (210) - -
Capital asset additions-net 153,940 116,571 (1,561,489) 477,171
Expenditures - (9,965) - (384,224)
Transfers-net additions (deductions) - 40,736 - 45,522
Net increase (decrease)
for the year 153,940 149,379 (1,561,489) 138,469
Fund balances July 1, 2010 7,013,672 1,287,352 14,627,011 11,452,532
Fund balances June 30, 2011 $ 7,167,612 $ 1,436,731 $ 13,065,522 $ 11,591,001
Southern Illinois University at Edwardsville
Entity Schedule of Changes in Fund Balances
Year ended June 30, 2011
State of Illinois
FINANCIAL SCHEDULES FOR ENTITIES AND AUXILIARY ENTERPRISES - CONTINUED
76
State of Illinois
Southern Illinois University at Edwardsville
FINANCIAL SCHEDULES FOR ENTITIES AND AUXILIARY ENTERPRISES - CONTINUED
HOUSING AUXILIARY ENTERPRISES
Balance Sheet
June 30, 2011
Revenue and Repair & Bond & Combined
Operation & Unexpended Replacement Interest Investment Total
Maintenance Plant Reserve Sinking Fund in Plant June 30, 2011
Cash $ - $ - $ - $ 744,635 $ - $ 744,635
Pooled cash and investments 1,850,755 (40,026) 9,743,623 - - 11,554,352
Investments:
U. S. treasury notes - - - 6,838,589 - 6,838,589
Accounts receivable - net 319,119 60,598 - - - 379,717
Accrued interest receivable - - 6,775 17,096 - 23,871
Prepaid expenses and other assets 16,329 - - (237,422) - (221,093)
Investment in plant:
Buildings - - - - 114,858,723 114,858,723
Improvements - - - - 232,944 232,944
Equipment - - - - 1,735,736 1,735,736
Total assets $ 2,186,203 $ 20,572 $ 9,750,398 $ 7,362,898 $ 116,827,403 $ 136,147,474
Accounts payable $ 756,543 $ 20,572 $ 110,625 $ - $ - $ 887,740
Accrued liabilities 384,652 - - - - 384,652
Accrued interest payable - - - 637,605 - 637,605
Deferred revenue and deposits 1,342,991 - - - - 1,342,991
Total current liabilities 2,484,186 20,572 110,625 637,605 - 3,252,988
Revenue bonds payable - - - - 100,297,887 100,297,887
Fund balances (297,983) - 9,639,773 6,725,293 16,529,516 32,596,599
Total liabilities and fund balances $ 2,186,203 $ 20,572 $ 9,750,398 $ 7,362,898 $ 116,827,403 $ 136,147,474
Liabilities and fund balances
Assets
77
Revenue and
Operation &
Maintenance
Revenues:
Operations $ 1 8,593,710
Payments on behalf of the system 1 ,373,408
Investment income 46,263
Total revenues 20,013,381
Expenditures:
Salaries and wages 5 ,050,030
Utilities 2 ,340,837
Maintenance and repairs 1 ,227,439
Other 6 31,080
Administrative 1,013,258
Total expenditures 10,262,644
Excess of revenues over expenditures 9,750,737
Transfers - additions (deductions)
Mandatory transfers:
Bond principal and interest (5,576,895)
Repair and replacement reserve (822,474)
Non-mandatory transfers:
Evergreen construction 4 ,894
Repair and replacement reserve (3,928,237)
Total transfers-net (10,322,712)
Net increase (decrease) in fund balance $ (571,975)
Schedule of Current Funds Revenues, Expenditures and
Year ended June 30, 2011
Other Changes
State of Illinois
Southern Illinois University at Edwardsville
FINANCIAL SCHEDULES FOR ENTITIES AND AUXILIARY ENTERPRISES
HOUSING AUXILIARY ENTERPRISES - CONTINUED
78
State of Illinois
Southern Illinois University at Edwardsville
FINANCIAL SCHEDULES FOR ENTITIES AND AUXILIARY ENTERPRISES
HOUSING AUXILIARY ENTERPRISES - CONTINUED
Schedule of Changes in Fund Balances
Year ended June 30, 2011
Revenue and Repair & Bond & Combined
Operation & Unexpended Replacement Interest Investment Total
Maintenance Plant Reserve Sinking Fund in Plant June 30, 2011
Revenues and other additions:
From operations and fees $ 18,593,710 $ - $ - $ - $ - $ 18,593,710
Payments on behalf of the system 1,373,408 - - - - 1,373,408
Investment income 46,263 - 85,254 64,725 - 196,242
Net increase (decrease) in the fair market value of investments - - - 20,746 - 20,746
Insurance receipts - 494,325 - - - 494,325
HVAC Litigation Proceeds - - - 157,267 - 157,267
For current refunding:
Capitalized expenditures - - - - 512,211 512,211
Bond principal payments - - - - 5,523,166 5,523,166
Total revenues and other additions 2 0,013,381 494,325 85,254 242,738 6,035,377 26,871,075
Expenditures and other deductions:
Operations 1 0,262,644 - - - - 10,262,644
Bond principal payments - - - 5,523,166 - 5,523,166
Interest expense - - - 2,531,324 - 2,531,324
Accretion - - - - 2,393,852 2,393,852
Expenditures for plant facilities-capitalized - 343,607 150,492 - - 494,099
Expenditures for plant facilities-non-capitalized - 79,245 964,318 - - 1,043,563
Amortization of bond issuance cost - - - 88,608 - 88,608
Amortization of deferred amount on refunding - - - 51,477 - 51,477
Total expenditures and other deductions 1 0,262,644 422,852 1,114,810 8,194,575 2,393,852 22,388,733
Transfers - additions (deductions)
Mandatory transfers:
Bond principal and interest (5,576,895) - - 5,576,895 - -
From Unexpended Plant to ISF - - - 2,401,575 - 2,401,575
Repair and replacement reserve (822,474) - 822,474 - - -
Non-mandatory transfers:
To construction accounts 4,894 (4,894) - - - -
Repair and replacement reserve (3,928,237) - 3,928,237 - - -
Total transfers-net (10,322,712) (4,894) 4,750,711 7,978,470 - 2,401,575
Net increase (decrease) for the year (571,975) 66,579 3,721,155 26,633 3,641,525 6,883,917
Fund balances July 1, 2010 273,992 (66,579) 5,918,618 6,698,660 12,887,991 25,712,682
Fund balances June 30, 2011 $ (297,983) $ - $ 9,639,773 $ 6,725,293 $ 16,529,516 $ 32,596,599
79
Revenue and Repair & Bond & Combined
Operation & Unexpended Replacement Interest Investment Total
Maintenance Plant Reserve Sinking Fund in Plant June 30, 2011
Assets
Cash $ - $ - $ - $ 206,707 $ - $ 206,707
Pooled cash and investments 836,893 - 2,008,799 - - 2,845,692
Investments:
U. S. treasury notes - - - 365,150 - 365,150
Accounts receivable - net 85,935 - - - - 85,935
Accrued interest receivable - - 1,397 9 13 - 2,310
Prepaid expenses and other assets 897 - - (97,023) - (96,126)
Investment in plant:
Buildings - - - - 1 5,204,408 15,204,408
Equipment - - - - 3 50,175 350,175
Total assets $ 923,725 $ - $ 2,010,196 $ 475,747 $ 1 5,554,583 $18,964,251
Liabilities and fund balances
Accounts payable $ 51,525 $ - $ 89,663 $ - $ - $ 141,188
Accrued liabilities 47,628 - - - - 47,628
Accrued interest payable - - - 78,547 - 78,547
Deferred revenue and deposits 216,909 - - - - 216,909
Total current liabilities 316,062 - 89,663 78,547 - 484,272
Revenue bonds payable - - - - 1 1,015,796 11,015,796
Fund balances 607,663 - 1,920,533 397,200 4 ,538,787 7,464,183
Total liabilities and fund balances $ 923,725 $ - $ 2,010,196 $ 475,747 $ 1 5,554,583 $18,964,251
Balance Sheet
June 30, 2011
State of Illinois
Southern Illinois University at Edwardsville
FINANCIAL SCHEDULES FOR ENTITIES AND AUXILIARY ENTERPRISES - CONTINUED
STUDENT FITNESS CENTER AUXILIARY ENTERPRISES
80
Revenue and
Operation &
Maintenance
Revenues:
Operations $ 203,591
Fees 2,354,381
Payments on behalf of the system 234,724
Investment income 9,229
Total revenues 2,801,925
Expenditures:
Salaries and wages 872,694
Utilities 125,139
Maintenance and repairs 112,518
Other 108,983
Administrative 196,407
Total expenditures 1,415,741
Excess of revenues over expenditures 1,386,184
Transfers - additions (deductions)
Mandatory transfers:
Bond principal and interest ( 803,950)
Repair and replacement reserve ( 96,434)
Non-mandatory transfers:
Repair and replacement reserve (727,501)
Total transfers - net (1,627,885)
Net increase (decrease) in fund balance $ (241,701)
Year ended June 30, 2011
Other Changes
State of Illinois
Southern Illinois University at Edwardsville
STUDENT FITNESS CENTER AUXILIARY ENTERPRISES - CONTINUED
Schedule of Current Funds, Revenues, Expenditures and
FINANCIAL SCHEDULES FOR ENTITIES AND
AUXILARY ENTERPRISES
81
Revenue and Repair & Bond & Combined
Operation & Unexpended Replacement Interest Investment Total
Maintenance Plant Reserve Sinking Fund in Plant June 30, 2011
Revenues and other additions:
From operations and fees $ 2,557,972 $ - $ - $ - $ - $ 2,557,972
Payments on behalf of the system 234,724 - - - - 234,724
Investment income 9,229 - 16,523 3,510 - 29,262
Net increase (decrease) in the fair market value of investments - - - 1,108 - 1,108
Capitalized expenditures - - - - 42,011 42,011
Bond principal payments - - - - 680,402 680,402
Total revenues and other additions 2,801,925 - 16,523 4,618 722,413 3,545,479
Expenditures and other deductions:
Operations 1,415,741 - - - - 1,415,741
Bond principal payments - - - 680,402 - 680,402
Interest expense - - - 311,835 - 311,835
For current refunding:
Expenditures for plant facilities - capitalized - (44,948) 93,812 - - 48,864
Expenditures for plant facilities-non-capitalized - (696) 61,917 - - 61,221
Accretion - - - - 319,260 319,260
Amortization of bond issuance cost - - - 10,916 - 10,916
Total expenditures and other deductions 1,415,741 (45,644) 155,729 1,003,153 319,260 2,848,239
Transfers - additions (deductions)
Mandatory transfers:
Bond principal and interest (803,950) - - 803,950 - -
Repair and replacement reserve (96,434) - 96,434 - - -
From 2008A Project Fund to ISF - - - 357,844 - 357,844
Non-mandatory transfers:
From unexpended - Carbondale - (45,644) - - - (45,644)
Bond principal utilized for capitalized & non-capitalized expenditures - - - - (85,841) (85,841)
Repair and replacement reserve (727,501) - 727,501 - - -
Total transfers - net (1,627,885) (45,644) 823,935 1,161,794 (85,841) 226,359
Net increase (decrease) for the year (241,701) - 684,729 163,259 317,312 923,599
Fund balances July 1, 2010 849,364 - 1,235,804 233,941 4,221,475 6,540,584
Fund balances June 30, 2011 $ 607,663 $ - $ 1,920,533 $ 397,200 $ 4,538,787 $ 7,464,183
Year ended June 30, 2011
State of Illinois
Southern Illinois University at Edwardsville
STUDENT FITNESS CENTER AUXILIARY ENTERPRISES - CONTINUED
Schedule of Changes in Fund Balances
FINANCIAL SCHEDULES FOR ENTITIES AND AUXILIARY ENTERPRISES
82
State of Illinois
Southern Illinois University at Edwardsville
FINANCIAL SCHEDULES FOR ENTITIES AND AUXILIARY ENTERPRISES - CONTINUED
TRAFFIC AND PARKING AUXILIARY ENTERPRISES
Balance Sheet
June 30, 2011
Revenue and Repair & Bond & Combined
Operation & Replacement Interest Investment Total
Maintenance Reserve Sinking Fund in Plant June 30, 2011
Assets
Cash $ - $ - $ 61,921 $ - $ 61,921
Pooled cash and investments 301,080 317,603 - - 618,683
Investments:
U. S. treasury notes - - 699,292 - 699,292
Accounts receivable - net 76,180 - - - 76,180
Accrued interest receivable - 221 1,748 - 1,969
Prepaid expenses and other assets 4,509 - 460 - 4,969
Investment in plant:
Construction in progress - - - 317,297 317,297
Improvements - - - 8,772,031 8,772,031
Equipment - - - 200,744 200,744
Total assets $ 381,769 $ 317,824 $ 763,421 $ 9,290,072 $ 10,753,086
Liabilities and fund balances
Accounts payable $ 35,550 $ 249,268 - $ - $ 284,818
Accrued liabilities 114,982 - - - 114,982
Accrued interest payable - - 69,972 - 69,972
Total current liabilities 150,532 249,268 69,972 - 469,772
Revenue bonds payable - - - 8,967,880 8,967,880
Fund balances 231,237 68,556 693,449 322,192 1,315,434
Total liabilities and fund balances $ 381,769 $ 317,824 $ 763,421 $ 9,290,072 $ 10,753,086
83
Revenue and
Operation &
Maintenance
Revenues:
Sales and services $ 2,681,734
Payments on behalf of the system 413,665
Investment income 4,622
Total revenues 3,100,021
Expenditures:
Salaries and wages 993,730
Utilities 96,356
Maintenance and repairs 230,062
Other 76,266
Administrative 383,731
Total expenditures 1,780,145
Excess of revenues over expenditures 1,319,876
Transfers - additions (deductions)
Mandatory transfers:
Bond principal and interest ( 875,578)
Repair and replacement reserve ( 89,407)
Non-mandatory transfers:
Repair and replacement reserve (465,227)
Total transfers - net (1,430,212)
Net increase (decrease) in fund balance $ (110,336)
Schedule of Current Funds Revenues, Expenditures and
Year ended June 30, 2011
Other Changes
State of Illinois
Southern Illinois University at Edwardsville
FINANCIAL SCHEDULES FOR ENTITIES AND AUXILIARY ENTERPRISES
TRAFFIC AND PARKING AUXILIARY ENTERPRISES - CONTINUED
84
Revenue and Repair & Bond & Combined
Operation & Replacement Interest Investment Total
Maintenance Reserve Sinking Fund in Plant June 30, 2011
Revenues and other additions:
From operations & fees $ 2,681,734 $ - $ - $ - $ 2,681,734
Payments on behalf of the system 413,665 - - - 413,665
Investment income 4,622 4,387 7,743 - 16,752
Net increase (decrease) in the fair market value of investments - - 2,121 - 2,121
For current refunding:
Capitalized expenditures - - - 354,992 354,992
Bond principal payments - - - 606,127 606,127
Total revenues and other additions 3,100,021 4,387 9,864 961,119 4,075,391
Expenditures and other deductions:
Ope