Value of Assets
Total Assets
Total assets reprsent the sum of what the University owns. Some of these assets (such as buildings and equipment) are recorded at historical cost - and others (such as investments) are recorded at fair value. This graph shows the change in the institutions assets over time.
What We Own
Breakdown of Assets
Investments
Money market funds, certificates of deposits, corporate, government, and agency bonds.
Accounts Receivable
Amounts due from students; federal, state, other sponsors; and state agencies.
Capital Assets
Value of buildings, equipment, land, etc. Capital assets do not provide cash to fund operations. As buildings age, the maintenance costs increase, adding expense to the University.
Value of Liabilities
Total Liabilities
The claims on ISU's assets are liabilities. The six largest components of liabilities are:- Amounts owed to organizations and companies for purchased goods and services (payables & accrued expenses)
- Notes & bonds payable
- Compensated absences
- Pension & other post employment benefits
- Unearned revenue
What ISU Owes
Breakdown of Liabilities
Payables and accruals
University expenses incurred and, salaries and benefits earned, but not paid by the end of the fiscal year.
Notes and bonds payable
Revenue bonds issued to fund capital improvements that are payable from the revenue sources identified in the debt agreements.
Compensated absences
The value of paid time off earned but not yet used by ISU employees, and employer-related payroll taxes.
Pension Liability
ISU’s proportionate share of PERSI’s (Public Employee Retirement System of Idaho) unfunded pension liability. This was required to be reported in fiscal year 2015.
OPEB Liability
Other postemployment benefits (OPEB) are benefits provided to individuals after they retire. The liability represents ISU’s proportionate share of the state’s liability. This was required to be reported beginning with fiscal year 2018.
Unearned Revenue
Payments received for services in advance of ISU providing the service. It is recorded as a liability since actual revenue will not be realized until services are provided in the future.
Revenues and Expenses
Revenues are categorized as operating (tuition and fees) and nonoperating (State of Idaho appropriations and federal student aid). Expenses are also categorized as operating (the vast majority) and nonoperating.
Revenues
Operating Revenues
Amounts received by ISU from its primary missions: instruction (student tuition and fees, educational activities), research (grants and contracts), auxiliary enterprises (housing, bookstore, food service, athletics).
State Funding
The State of Idaho provides funding to ISU in the form of state appropriations to assist with University operations, and DPW (department of public works) funding building projects.
Title IV Grants
Pell grants comprise the majority of Title IV grants. Pell grants are federal grants that help students pay for their higher education.
Expenses
Personnel Costs
Faculty and staff salaries and benefits are the largest expense category.
Operating Expenses
Costs incurred for the operation of the university: services, supplies, insurance, utilities, rent, scholarships and fellowships.
Depreciation and Other
Depreciation is the annual reduction in the value of capital assets (buildings & equipment). Other operating expenses are primarily related to travel.
Net Position
Net position reflects what’s left over after deducting liabilities from assets. The graph shows the three categories that comprise net position. The unrestricted portion of net position represents funds held in reserve for university operations.