Financial Survey Frequently Asked Questions

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Financial Survey Frequently Asked Questions 

This page will serve as a resource for those institutions that are completing the annual AACP Financial Survey. Should you have any questions that are not addressed in the FAQs below please e-mail Danielle Taylor. Frequently asked questions will be posted on this page to assist college or school staff members who are completing the survey.

2011–12 Financial Survey Webinar

This Webinar provides a brief overview of the 2011-12 Financial Survey followed by a question and answer session with members of the Administrative and Financial Officers SIG and individuals completing the survey at participating institutions.

Click here to view the recorded Webinar.

Financial Survey: Frequently Asked Questions

Section I: Operational Income

Section II: Operational Expenditures

Section III: Research Expenditures

Section IV: Key Questions

Section I: Operational Income

Should internal scholarships be reported under Operational Expenses?

Scholarships from internal accounts should be reported under Operational Expenses. Scholarships from foundation accounts should not be included in operational expenditures, but should still be included in Question #3 in the Key Questions tab of the survey.

Under Other Operational Support in Section I, the instructions mention that income from gifts or contributions from all sources that can spent at the school's discretion should be included. Most of the gift monies that we receive have restrictions associated with their disbursement. Should these grants also be included?

For this question, school's discretion means only that the school makes the decision to spend the funds. Of course gifts are often restricted as to their use. Include those funds for which the college/school makes the decision on the expenditures. For example, with scholarship funds, if the school makes the decision on who receives scholarships these funds would be included here.

Regarding Section I, our school is a private institution that supports the college with dollars from the university. Our funds are allocated to us with a few exceptions. The survey requests total funds received directly or indirectly which originate from state funding sources. We do not have any state funding sources. How should we report our data?

Please report allocations from the university in column D: state and campus allocations. Although the funds the college receives are not state funds, they are allocated from the university and belong in this column.

Our school has a large number of private gifts/contracts that are given for research related purposes and will be captured under Section III: Research Expenditures -yet they are technically gifts. How should we report these funds?

Please report these funds under Section III: Research Expenditures and copy the total amount of your research expenditures into the research revenues column in Section I.

Regarding Section I, our tuition and fees are university funds. From this we receive a portion of the tuition and some of the fees directly and indirectly. How should we report our data?

If the allocation from the university distinguished tuition and fees from other allocated funds please report the amount received, by the college for its use, in column E (only report the amount allocated to the college and not the total amount of tuition and fee revenue if a portion is retained by the university). If the allocation does not distinguish tuition and fees, report the full allocation in column D.

Should tuition and fee revenue be reported net of unrestricted institutional scholarships? Should it be reported net of restricted scholarships?

Please report tuition and fees as gross receipts, with nothing subtracted out.

How should institutions report transfers within funds/transfers out in this survey?

Institutions should not report transfers. It can make year to year comparisons difficult if your institution has a lot of transfers.

Section II: Operational Expenditures

In Section II: Operational Expenditures, do noncapital expenditures include depreciation, amortization, and provision of debt?

Only cash expenditures should be included. Depreciation is not an actual cash expenditure; therefore, do not include those items.

In Section II: Personnel Expenditures, do we only report salaries (not including premiums, awards, and bonuses)?

If the funds for the premiums, awards, bonuses, etc. are part of your college's budget and those funds were reported in the revenue sections then please include them in the salary line. Use the salary figure that is available in your fiscal year-end financial statements--don't spend a lot of time customizing the data for the survey.

Also under Personnel Expenditures, should we include the entire salary of faculty who generate salary recovery/reimbursement, as technically this portion of their salary is funded by a source external to the college?

Please report any funds that pass through your college, regardless of the source. If the external source is paying the individual directly (e.g., the individual receives a separate paycheck from someone outside of your institution), do not include. If the funds come to the college and are expensed on the college's accounts, report the expenditures.

Also under Personnel Expenditures, should we include those research faculty whose salaries are budgeted on clearing accounts as they are entirely charged out to grants? Technically none of these salaries are actually funded by the college, but again, a sponsor or external source?

If you are reporting the funds from the clearing accounts in your revenue then the expenses also need to be reported. If grants are not included in the "college's funds" because of accounting practices at your institution, but those grants are considered to be "yours" (in other words, the Primary Investigator's faculty appointment is in your college) you should include both the revenue and expense, even though it may not be in your college's fiscal year-end financial statements. This would be added to the salaries report.

Under Personnel Expenditures, how should we report APPE payments to preceptors who are technically considered adjunct faculty?

If your paid preceptors are paid as employees, which from your description they are, then you should include the costs in the salary lines. To decide whether they should be in the faculty line or the other salary line consider the following: adjunct faculty who have a title of assistant, associate or full professor - include the costs in faculty salary; otherwise, include them in other salary (e.g. if they are instructors, lecturers, etc.). If your preceptors are paid as vendors, include the cost in non-capital expenditures.

Section III: Research Expenditures

Should research revenues and research expenditures balance (Tab 1, cell T21 and Tab 2, cell J4)?

Yes, please complete the Annual Research Expenditures tab (Tab 2) first and then enter the total from cell J4 into cell T21 on the first tab of the survey.

Section IV: Key Questions

In Question #3 regarding scholarships, what is considered a scholarship?

A scholarship is cash provided by the school for scholarship purposes that may be funded from the school budget, gifts, endowments, or other school resources.

In Question #3, how do you define central university sources?

Central university sources are any funding sources not controlled by the school that come from the budget office, provost, or academic affairs office. If funding is given to the school and the school controls the management of these funds then they should be considered school funds.

In Question #4 regarding gifts, should we include both individual gifts and those from corporate foundations/nonprofits?

Yes, please include both individual and corporate foundations/nonprofit gifts.

In Question #4 regarding gifts, should gift to endowments be included?

Yes, please include gifts to endowments.

In Question #4, should I report the market value or book value of my endowment?

Please report the market value.

Question #5 on the Key Questions tab is labeled "payments for preceptors." Our school pays the sites directly. Should schools include both preceptor and site payments, or just preceptor payments?

Please include both payments to preceptors and site payments.

The survey labels preceptors as non-employees. We have faculty-led rotations, but they are zero cost (beyond their standard pay). Are these rotations included under the zero-cost column in Question #5 on the Key Questions tab or should they be excluded completely?

Yes, please report these rotations as zero cost rotations.

Our college has some rotations that are paid by another entity; therefore, they are zero cost to our school. Should these rotations be classified as zero cost rotations?

Yes, please report any rotations that your college/school does not directly pay for under the zero cost rotation column.

We have both zero cost and paid rotations in Question #5. Should we include rotations with zero cost in our calculations of average and minimum payments per paid rotation?

No, please only include paid rotations in the minimum and average cost per paid rotation columns. The amount reported in the minimum payment per paid rotation column should be greater than $0.

Last updated on: 1/27/2017 3:28 PM 

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