The University of Texas El Paso Financial Statements

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The University of Texas El Paso Financial Statements THE UNIVERSITY OF TEXAS EL PASO FINANCIAL STATEMENTS (WITH DETAILED SUPPORTIVE SCHEDULES) Presented herein are the financial statements with detailed supportive schedules for The University of Texas El Paso for the year ended August 31, 2018. These Statements and detailed supportive schedules have been prepared in compliance with applicable State statutes, Governmental Accounting Standards Board pronouncements, and the Texas Comptroller of Public Accounts’ Annual Financial Reporting Requirements. This “detailed internal report” supplements the consolidated published Annual Financial Report of The University of Texas System and is intended to be for limited distribution primarily to financial and academic officers of the University who need access to the details included herein. It also provides an historical record of transactions relating to this particular institution. The Annual Financial Report for public distribution for The University of Texas System includes primary statements on a consolidated System-wide basis, including footnotes and Managements’ Discussion and Analysis. MEMBERS OF THE BOARD OF REGENTS ********** PRINCIPAL ADMINISTRATIVE OFFICERS AND THE BUSINESS AND FINANCIAL STAFF THE UNIVERSITY OF TEXAS SYSTEM ********** PRINCIPAL ADMINISTRATIVE OFFICERS AND THE BUSINESS AND FINANCIAL STAFF THE UNIVERSITY OF TEXAS AT EL PASO ********** AT AUGUST 31, 2018 THE BOARD OF REGENTS SARA MARTINEZ TUCKER, CHAIRMAN DALLAS PAUL L. FOSTER, VICE CHAIRMAN EL PASO JEFFERY D. HILDEBRAND, VICE CHAIRMAN HOUSTON R. STEVEN "STEVE" HICKS AUSTIN JANIECE LONGORIA HOUSTON KEVIN P. ELTIFE TYLER JAMES CONRAD "RAD" WEAVER SAN ANTONIO ERNEST ALISEDA McALLEN DAVID J. BECK HOUSTON BRITTANY E. JEWELL (Student Regent) PEARLAND (FRANCIE A. FREDERICK, GENERAL COUNSEL TO THE BOARD) ********** SYSTEM ADMINISTRATION LARRY R. FAULKNER CHANCELLOR, ad interim DAVID E. DANIEL DEPUTY CHANCELLOR RAYMOND S. GREENBERG EXECUTIVE VICE CHANCELLOR FOR HEALTH AFFAIRS SCOTT C. KELLEY EXECUTIVE VICE CHANCELLOR FOR BUSINESS AFFAIRS STEVEN W. LESLIE EXECUTIVE VICE CHANCELLOR FOR ACADEMIC AFFAIRS STEPHANIE A. BOND HUIE VICE CHANCELLOR FOR STRATEGIC INITIATIVES DAVID L. LAKEY VICE CHANCELLOR FOR HEALTH AFFAIRS AND CHIEF MEDICAL OFFICER BARRY R. McBEE VICE CHANCELLOR AND CHIEF GOVERNMENTAL RELATIONS OFFICER RANDA S. SAFADY VICE CHANCELLOR FOR EXTERNAL RELATIONS DANIEL H. SHARPHORN VICE CHANCELLOR AND GENERAL COUNSEL WILLIAM H. SHUTE VICE CHANCELLOR FOR FEDERAL RELATIONS AMY SHAW THOMAS VICE CHANCELLOR FOR ACADEMIC AND HEALTH AFFAIRS THOMAS BRITTON "BRITT" HARRIS IV CHIEF EXECUTIVE OFFICER AND CHIEF INVESTMENT OFFICER - UTIMCO THE UNIVERSITY OF TEXAS AT EL PASO DIANA S. NATALICIO PRESIDENT CAROL PARKER PROVOST AND VICE PRESIDENT FOR ACADEMIC AFFAIRS RICARDO ADAUTO III EXECUTIVE VICE PRESIDENT MARK McGURK VICE PRESIDENT FOR BUSINESS AFFAIRS STEPHEN RITER VICE PRESIDENT FOR INFORMATION RESOURCES AND PLANNING GARY E. EDENS VICE PRESIDENT FOR STUDENT AFFAIRS ROBERTO OSEGUEDA VICE PRESIDENT FOR RESEARCH CARLOS M. MARTINEZ ASSISTANT VICE PRESIDENT FOR BUSINESS AFFAIRS, COMPTROLLER GREGORY L. MCNICOL ASSOCIATE VICE PRESIDENT FOR BUSINESS AFFAIRS, FACILITIES SERVICES SANDY VASQUEZ ASSOCIATE VICE PRESIDENT, HUMAN RESOURCE SERVICES DIANE N. De HOYOS ASSISTANT VICE PRESIDENT FOR BUSINESS AFFAIRS, PURCHASING AND GENERAL SERVICES JOANNE RICHARDSON ASSISTANT VICE PRESIDENT FOR BUSINESS AFFAIRS, BUDGET AND PERSONNEL LORI N. WERTZ DIRECTOR, AUDITING AND CONSULTING SERVICES FRANK GRIJALVA DIRECTOR, BUSINESS SERVICES DANIEL R. DOMINGUEZ DIRECTOR, ACCOUNTING AND FINANCIAL REPORTING TABLE OF CONTENTS THE UNIVERSITY OF TEXAS AT EL PASO PRIMARY STATEMENTS Exhibit A - Balance Sheet …………………………………………………………………………………..………..2 Exhibit B - Statement of Revenues, Expenses and Changes in Net Assets ..…………………………………. 4 Exhibit C - Statement of Cash Flows ……………………………………………………………………………….. 6 Exhibit D - Statement of Method of Financing & Current Funds Expenditures ....……………………………... 7 SUPPORTING SCHEDULES Schedule A-1 - Schedule of Cash and Cash Equivalents and Investments ………………..……………………..… 10 Schedule A-3a - Schedule of Legislative Appropriations .………………………………………………………………. 13 Schedule B-1 - Schedule of E&G Funds – Summary of Operations ……………….……………………….............. 15 Schedule B-2 - Schedule of Designated Funds – Summary of Operations ……………….………………………... 16 Schedule B-3 - Schedule of Auxiliary Enterprise Funds – Summary of Operations….…….……………………….. 18 Schedule B-4 - Schedule of Restricted Expendable Funds – Summary of Operations…..………………………… 19 Schedule B-5 - Schedule of Changes in Net Assets - Loan Funds ……………………………………………….…. 20 Schedule B-6a - Schedule of Changes in Net Assets - Endowment and Similar Funds - Other than State …….... 22 Schedule B-6c - Schedule of Changes in Net Assets – Endowment and Similar Funds - State (Permanent Health Fund)…………………………………………………………………………………………… 43 Schedule B-8 - Schedule of Changes in Net Assets - Unexpended Plant Funds ………………………………….. 44 Schedule B-11 - Schedule of Changes in Investment in Plant …………………………………………………………. 45 Schedule B-13 - Schedule of Transfers …………………………………………………………………………………... 47 Schedule C-1 - Schedule of Tuition and Fees Revenues ……………………………………………….…..………… 49 Schedule C-2 - Schedule of Expenses by Object and Fund Group ………………………………………………….. 50 Expense Classification Summary …………………………………………………………….……..… 53 Schedule 1A - Schedule of Federal Financial Assistance ……………………………………………………………. 54 Schedule 1B - Schedule of State Grant Pass Throughs From/To Other State Agencies ………………………… 68 THE UNIVERSITY OF TEXAS AT EL PASO TABLE OF CONTENTS (CONTINUED) SUPPLEMENTAL SCHEDULES Schedule S-4a - Schedule of Federal Expenditures by NACUBO Expenditure Function …………………………… 70 Supplement Schedule S-8 - Schedule of Changes in Net Assets – Unexpended Plant Funds ………………………………….. 76 Schedule S-11a - Schedule of Changes in Investment in Plant – Land ………………………………………………… 82 Schedule S-11b - Schedule of Changes in Investment in Plant – Buildings …………………………………………… 83 Schedule S-11c - Schedule of Changes in Investment in Plant – Facilities and Other Improvements ……………… 96 Schedule S-11d - Schedule of Changes in Investment in Plant – Equipment …………………………………………. 97 Schedule S-11e - Schedule of Changes in Investment in Plant – Construction in Progress …………………………. 100 Schedule S-11f - Schedule of Changes in Investment in Plant – Infrastructure ………………………………………. 103 Schedule S-11g - Schedule of Changes in Investment in Plant – Intangible Assets ………………………………….. 105 PRIMARY STATEMENTS 2 The University of Texas at El Paso Exhibit A Statement of Net Position As of August 31, 2018 Educational and Restricted General Designated Auxiliary Enterprises Expendable Loan Funds ASSETS AND DEFERRED OUTFLOWS Current Assets: Cash & Cash Equivalents $ (11,309,436.34) 59,509,633.88 4,223,446.38 Restricted Cash & Cash Equivalents 2,612,775.17 12,619,090.92 1,153,547.57 Balance in State Appropriations 2,069,025.40 Accounts Receivable, Net: Federal (allow. $0.00 in 2018 & $0.00 in 2017) 11,561,839.55 3,027,820.50 Other Intergov. (allow. $0.00 in 2018 & $0.00 in 2017) 3,813,533.78 Student (allow. $1,900,461.82 in 2018 & $1,415,677.75 in 2017) 34,722,501.75 Interest and Dividend Receivables 234,033.53 64,717.51 Contributions (allow. $793,557.84 in 2018 & $998,864.13 in 2017) 4,496,827.92 Other (allow. $1,472,463.96 in 2018 & $1,011,398.50 in 2017) 6,188,054.90 759,372.30 2,125,036.98 3,508,249.19 Due From System Administration 435,506.70 Due From Other Institutions 29,669.41 Due From Other Agencies 223,697.21 Inventories 402,651.95 Loans & Contracts (allow. $1,180,061.42 in 2018 & $893,269.17 in 2017) 2,751,399.08 Other Current Assets 8,584,184.14 2,559,142.30 3,096,001.62 980,887.04 Total Current Assets 40,488,363.38 65,843,575.60 9,444,484.98 37,669,301.72 6,997,484.66 Noncurrent Assets: Cash and Cash Equivalents (Noncurrent Restricted) Restricted Investments 12,375,824.73 1,131,309.91 Loans & Contracts (allow. $241,699.33 in 2018 & $196,083.48 in 2017) 569,748.53 Funds Held by System Administration (Restricted) Contributions Rec. (allow. $50,537.33 in 2018 & $146,949.86 in 2017) 286,378.21 Unrestricted Investments 58,361,669.92 4,104,202.86 Other Noncurrent Assets 4.00 Gross Capital/Intangible Assets Accumulated Depreciation/Amortization Total Noncurrent Assets 58,361,673.92 4,104,202.86 12,662,202.94 1,701,058.44 Total Assets 40,488,363.38 124,205,249.52 13,548,687.84 50,331,504.66 8,698,543.10 Total Assets and Deferred Outflows 40,488,363.38 124,205,249.52 13,548,687.84 50,331,504.66 8,698,543.10 LIABILITIES AND DEFERRED INFLOWS Current Liabilities: Accounts Payable and Accrued Liabilities 8,090,456.85 1,749,316.98 702,916.44 Salaries Payable 5,012,810.47 1,761,721.79 863,721.92 2,560,224.78 Due To System Administration 2,470,421.07 Due To Other Institutions 291,449.02 Due To Other State Agencies 141,400.81 Unearned Revenue 18,128,375.13 61,488,300.94 9,440,104.67 2,299,348.14 Employees' Compensable Leave - Current Portion 1,774,438.14 1,049,769.00 410,292.12 59,564.59 Notes, Loans, and Leases Payable Payable From Restricted Assets 1,041,274.10 67,573.78 Assets Held for Others Other Current Liabilities 2,239,911.45 266,968.78 5,488,785.31 107,731.42 28,771.00 Total Current Liabilities 37,716,413.11 66,316,077.49 16,905,820.46 6,500,992.86 96,344.78 Noncurrent Liabilities: Employees' Compensable Leave 2,771,950.27 1,639,898.09 640,938.40 93,048.90 Liability to Beneficiaries Notes, Loans, and Leases Payable Other Noncurrent Liabilities 1,555,879.00 Total Noncurrent Liabilities 2,771,950.27
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