Finance 2009-10
Institution: University of Virginia-Main Campus (234076)
User ID: P92340763

Finance - Public institutions
Reporting Standard
Please indicate which reporting standards are used to prepare your financial statements:
      GASB (Governmental Accounting Standards Board), using standards of GASB 34 & 35
 FASB (Financial Accounting Standards Board)
Please consult your business officer for the correct response before saving this screen. Your response to this question will determine the forms you will receive for reporting finance data.
Institution: University of Virginia-Main Campus (234076)
User ID: P92340763

Finance - Public institutions
General Information
GASB-Reporting Institutions (aligned form)
To the extent possible, the finance data requested in this report should be provided from your institution's audited General Purpose Financial Statements (GPFS). Please refer to the instructions specific to each screen of the survey for details and references.
1. Fiscal Year Calendar
This report covers financial activities for the 12-month fiscal year: (The fiscal year reported should be the most recent fiscal year ending before October 1, 2009.)
Beginning: month/year (MMYYYY)Month:Year:
And ending: month/year (MMYYYY)Month:Year:
2. Audit Opinion
Did your institution receive an unqualified opinion on its General Purpose Financial Statements from your auditor for the fiscal year noted above? (If your institution is audited only in combination with another entity, answer this question based on the audit of that entity.)
    UnqualifiedQualified
(Explain in
box below)		Don't know
(Explain in
box below)               
3. Reporting Model
GASB Statement No. 34 offers three alternative reporting models for special-purpose governments like colleges and universities. Which model is used by your institution ?
     Business Type Activities
 Governmental Activities
 Governmental Activities with Business-Type Activities
4. Intercollegiate Athletics
If your institution participates in intercollegiate athletics, are the expenses accounted for as auxiliary enterprises or treated as student services?
 
    Auxiliary enterprises               
    Student services               
    Does not participate in intercollegiate athletics               
    Other (specify in box below)               
5. Endowment Assets
Does this institution or any of its foundations or other affiliated organizations own endowment assets ?
    Yes - (report endowment assets)               
 No
You may use the space below to provide context for the data you've reported above.
Institution: University of Virginia-Main Campus (234076)
User ID: P92340763

Part A - Statement of Net Assets
Fiscal Year 2009
 
Line no. Current year amountPrior year amount
 Current Assets  
01Total current assets 637,492,056
 
 Noncurrent Assets  
31Depreciable capital assets, net of depreciation 1,543,829,919
04Other noncurrent assets
CV=[A05-A31]		3,569,916,541 4,530,745,193
05Total noncurrent assets 6,074,575,112
 
06Total assets
CV=(A01+A05)		6,155,751,494 6,712,067,168
 
 Current Liabilities  
07Long-term debt, current portion 12,437,284
08Other current liabilities
CV=(A09-A07)		455,531,706 401,970,147
09Total current liabilities 414,407,431
 
 Noncurrent Liabilities  
10Long-term debt 707,517,661
11Other noncurrent liabilities
CV=(A12-A10)		79,722,933 55,311,629
12Total noncurrent liabilities 762,829,290
 
13Total liabilities
CV=(A09+A12)		1,464,118,044 1,177,236,721
 
 Net Assets  
14Invested in capital assets, net of related debt 1,354,254,600
15Restricted-expendable 2,225,720,394
16Restricted-nonexpendable 411,610,685
17Unrestricted
CV=[A18-(A14+A15+A16)]		1,086,107,747 1,543,244,768
18Total net assets
CV=(A06-A13)		4,691,633,450 5,534,830,447
 
You may use the space below to provide context for the data you've reported above.
 
Institution: University of Virginia-Main Campus (234076)
User ID: P92340763

Part A - Statement of Net Assets (Page 2)
Fiscal Year 2009
 
Line No.DescriptionEnding balancePrior year
Ending balance
 Capital Assets  
 
21Land & land improvements174,542,487
22Infrastructure201,132,685
23Buildings1,786,220,116
32Equipment, including art and library collections754,961,727
27Construction in progress353,795,171
Total for Plant, Property and Equipment
CV = (A21+ .. A27)		3,643,628,7763,270,652,186
28Accumulated depreciation1,324,828,930
33Intangible assets, net of accumulated amortization13,301,767
34Other capital assets0
 
 
You may use the space below to provide context for the data you've reported above.
 
Institution: University of Virginia-Main Campus (234076)
User ID: P92340763

Part B - Revenues and Other Additions
Fiscal Year 2009
 
Line No.Source of FundsCurrent year amountPrior year amount
 Operating Revenues  
01Tuition & fees, after deducting discounts & allowances308,162,220
 Grants and contracts - operating  
02Federal operating grants and contracts257,571,252
03State operating grants and contracts3,952,940
04Local government/private operating grants and contracts46,035,21339,335,402
04aLocal government operating grants and contracts370,205
04bPrivate operating grants and contracts38,965,197
05Sales & services of auxiliary enterprises,
after deducting discounts & allowances		109,832,404
06Sales & services of hospitals,
after deducting patient contractual allowances		934,837,508
26Sales & services of educational activities21,506,870
07Independent operations0
08Other sources - operating
CV=[B09-(B01+ ....+B07)]		27,624,82124,967,129
09Total operating revenues1,700,165,725
 
 
Institution: University of Virginia-Main Campus (234076)
User ID: P92340763

Part B - Revenues and Other Additions
Fiscal Year 2009
 
Line No.Source of fundsCurrent year amountPrior year amount
 Nonoperating Revenues  
10Federal appropriations0
11State appropriations165,980,197
12Local appropriations, education district taxes, & similar support0
 Grants-nonoperating  
13Federal nonoperating grants3,393,046
14State nonoperating grants0
15Local government nonoperating grants0
16Gifts, including contributions from affiliated organizations146,746,828
17Investment income 241,085,572
18Other nonoperating revenues
CV=[B19-(B10+...+B17)]		70,9770
19Total nonoperating revenues 557,205,643
 
 
Institution: University of Virginia-Main Campus (234076)
User ID: P92340763

Part B - Revenues and Other Additions
Fiscal Year 2009
 
Line No.Source of fundsCurrent year amountPrior year amount
 Other Revenues and Additions  
20Capital appropriations6,439,848
21Capital grants & gifts34,661,846
22Additions to permanent endowments54,469,481
23Other revenues & additions
CV=[B24-(B20+...+B22)]		9,064,6484,045,415
24Total other revenues and additions99,616,590
 
25Total all revenues and other additions
CV=(B09+B19+B24)		1,341,869,8292,356,987,958
 
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Institution: University of Virginia-Main Campus (234076)
User ID: P92340763

Part C - Expenses and Other Deductions
Fiscal Year 2009
  1234567
Line No.DescriptionTotal amountSalaries & wagesEmployee fringe benefitsOperation and maintenance of plantDepreciationInterestAll other                    
 Expenses and Deductions 
01Instruction30,580,508
02Research109,995,008
03Public service13,299,622
05Academic support31,929,726
06Student services5,854,151
07Institutional support9,498,759
08Operation & maintenance
of plant (see instructions)		06,829,927
10Scholarships and fellowships
expenses, excluding discounts & allowances		 40,493,031
11Auxiliary enterprises59,559,726
12Hospital services469,734,642
13Independent operations0
14Other expenses
& deductions
CV=[C19-(C01+...+C13)]		109,839,1461,630,282468,865064,444,675043,295,324
19Total expenses & deductions0821,070,424
 Prior year amount2,073,587,565903,886,789242,618,319125,077,316 802,005,141
 
You may use the space below to provide context for the data you've reported above.
 
Institution: University of Virginia-Main Campus (234076)
User ID: P92340763

Part D - Summary of Changes In Net Assets
Fiscal Year 2009
 
Line No.DescriptionCurrent year amountPrior year amount
01Total revenues & other additions (from B25)1,341,869,8292,356,987,958
 
02Total expenses & deductions (from C19)2,177,282,4902,073,587,565
 
03Change in net assets during year
CV=(D01-D02)		 -835,412,661283,400,393
04Net assets beginning of year5,251,430,054
05Adjustments to beginning net assets
CV=[D06-(D03+D04)]		00
06Net assets end of year (from A18)4,691,633,4505,534,830,447
 
You may use the space below to provide context for the data you've reported above.
 
Institution: University of Virginia-Main Campus (234076)
User ID: P92340763

Part E - Scholarships and Fellowships
Fiscal Year 2009
   
Line No.SourceCurrent year amountPrior year amount
01Pell grants (federal)3,393,046
02Other federal grants824,132
03Grants by state government4,834,580
04Grants by local government0
05Institutional grants from restricted resources47,480,982
06Institutional grants from unrestricted resources
CV=[E07-(E01+...+E05)]		57,779,29848,175,679
07Total gross scholarships and fellowships104,708,419
 
 Discounts and Allowances  
08Discounts & allowances applied to tuition & fees62,238,726
09Discounts & allowances applied to sales & services of
auxiliary enterprises
CV= (E10-E08)		7,934,2047,751,892
10Total discounts & allowances
CV=(E07-E11)		72,801,43569,990,618
 
11Net scholarships and fellowships expenses after deducting
discount & allowances (from C10)		40,493,03134,717,801
 
You may use the space below to provide context for the data you've reported above.
 
Institution: University of Virginia-Main Campus (234076)
User ID: P92340763

Part H - Details of Endowment Assets
Fiscal Year 2009
Line No.Value of Endowment AssetsMarket ValuePrior Year Amounts
  Include not only endowment assets held by the institution, but any assets held by private foundations affiliated with the institution.  
01Value of endowment assets at the beginning of the fiscal year  4,323,138,000
02Value of endowment assets at the end of the fiscal year  4,517,750,000
Institution: University of Virginia-Main Campus (234076)
User ID: P92340763

Part J - Revenue Data for Bureau of Census
Fiscal Year 2009
Source and typeAmount
Total for all funds
and operations
(includes
endowment funds,
but excludes component units)		Education and general/independent operationsAuxiliary enterprises Hospitals Agriculture extension/experiment services
 (1)  (2)(3)(4)(5)
01Tuition and fees399,653,494399,653,494   
02Sales and services1,101,425,373116,898,590964,346,188
03Federal grants/contracts (excludes Pell Grants)264,549,553
 Revenue from the state government:
04State appropriations, current & capital167,374,870
05State grants and contracts4,402,252
 Revenue from local governments:
06Local appropriation, current & capital0
07Local government grants/contracts520,103
08Receipts from property and non-property taxes 
09Gifts and private grants, including capital grants 
10Interest earnings 
11Dividend earnings 
12Realized capital gains 
 
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Institution: University of Virginia-Main Campus (234076)
User ID: P92340763

Part K - Expenditure Data for Bureau of Census
Fiscal Year 2009
CategoryAmount
Total for all funds and operations (includes endowment funds, but excludes component units)Education and general/
independent operations		Auxiliary enterprisesHospitals Agriculture extension/
experiment services
 (1)(2)(3)(4)(5)
01Salaries and wages943,460,28247,443,583334,807,054
02Employee benefits, total250,649,24114,775,61186,362,286
03Payment to state retirement funds (maybe included in line 02 above)37,925,101
04Current expenditures other than salaries926,697,322
 Capital outlay: 
05Construction239,025,221
06Equipment purchases67,013,240
07Land purchases341,198
08Interest on debt outstanding, all funds & activities 
09Scholarships/fellowships113,294,466113,294,466 
 
You may use the space below to provide context for the data you've reported above.
 
Institution: University of Virginia-Main Campus (234076)
User ID: P92340763

Part L - Debt and Assets, page 1
Fiscal Year 2009
Debt
CategoryAmount
01Long-term debt outstanding at beginning of fiscal year
02Long-term debt issued during fiscal year
03Long-term debt retired during fiscal year
04Long-term debt outstanding at end of fiscal year
05Short-term debt outstanding at beginning of fiscal year
06Short-term debt outstanding at end of fiscal year
 
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Institution: University of Virginia-Main Campus (234076)
User ID: P92340763

Part L - Debt and Assets, page 2
Fiscal Year 2009
Assets
CategoryAmount
07Total cash and security assets held at end of fiscal year in sinking or debt service funds
08Total cash and security assets held at end of fiscal year in bond funds
09Total cash and security assets held at end of fiscal year in all other funds
 
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Institution:  University of Virginia-Main Campus (234076) User ID:  P92340763
Explanation Report
Number Source Location Description Severity Accepted
Screen: Part 2
1 Row 26
Column 3 		Screen Entry This number should be greater than zero. Please explain. Explanation Yes
Reason: The University's investments sustained major realized and unrealized losses in fall 2008, which were only partially recovered/offset by gains in spring 2009, causing negative Investment income.
2 Row 28
Column 3 		Screen Entry This number should be greater than zero. Please explain. Explanation Yes
Reason: See line 17 explanation.