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AND
30,
30,
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2008
2009
2009
Learning
of
Contents
and
203
207 201
2008
143
199 155 149 128
147 118
153 145 103
42
40
43
41 27
25
34 30 29
32 28
31
38 36
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30,
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2009
Learning
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(Continued)
Contents
and
235
229
237 225 211 2008
209 223 Financial Audit Report (THIS PAGE LEFT BLANKINTENTIONALLY)
-2-
(THIS PAGE LEFT BLANKINTENTIONALLY)
-6-
Management’s
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Analysis
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Since $523.3
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or of
at or
fiscal
faster
million). operating
The
certain
million. on
losses The
presents
Statement
year
A
Unrestricted
Restricted Invested
Restricted
Net
Non-current
Current
Liabilities Other
Assets
Capital
Current
summarized
Statement
how
of
Statement
IHL
year
Assets ends
debt
rate
Total
Total
Total
for
eliminations net
the
Since
assets,
What
liabilities
assets
the
in
System’s
loss
assets
the (11.5%) -
-
2009
net
liabilities
capital
is
assets
expendable
nonexpendable
IHL
liabilities
IHL
shown
assets
fiscal
of
June
this
net
of
of
of
listing
System’s
loss
assets,
$866.3
System’s
Revenues,
State
two
Net
Revenues,
than
consolidated
30,
year.
relating
below.
represents
of
year
net
Assets
2007,
have
million
the
$
$
assets
Operating
revenues
June
of
2,562,471,356
1,603,201,893
3524,157.460
2,164,689,010
loss
to
496,442,864
359,041,200
IHL
961,686,104
219,585,811
103,785,399
742,100,293
681560,513
677,907,937
Expenses
operating
the
inter-campus
Mississippi
and 30,
increase
an
System’s
changed
Expenses SRECNA
2007
IHL
compares
increase
received
revenues
System’s
revenues
and
means
$
$
assets,
June
2,747,777,923
as
3,765,775,131
1,759,506,600
1,017,997,208 2,346,535,978
Changes
579,297.583
300,112.226
for
108,861,514
746,418,850
271,578,358
784,576,242
transactions 634,662,911
in
and
As
to
a
-15-
30,
and
the
net
result
and the
a
is
of
(10.7%).
Institutions
2008
expenses
liabilities
net
Management’s
that
net
expenses
operating
year
in
operating
Changes
of
operating
operating
Net
current
$2,876,190,778
$
among
ended
June
4,022.554,660
1,803,489,983
1,146,363,882 2,497,240,707
Net
and
Assets
incurred,
619,744.610
346.084.923 283,426,628
855,725,714
862,937,254 669,588,239
106,871,262
loss
have
30,
operating
net
loss
year
expenses
the
loss
June
2009
has
(SRECNA)
in
assets
been
of
Discussion
of
IHL
as
from
operations.
June
Net
$844.7
increased
30,
Higher
well
2007
loss
System
revised
Changes
for
the
have
2009
Assets
30,
as
to
-16.4°/a
does
23.7%
16.7%
15.7%
the
displays
-6.9%
million
4.9%
7.2% 5.9°/s
0.6%
9.7%
prior 6.9%
8.4%
2008
any
been
2009
to
institutions.
12.9%
Between
past
indicates
and
This
not
Learning
year
give
other
2008
in
growing
three
information
include
and
2008.
statement
Analysis
(or
effect
by
to
Years
gains
12.6%
15.6%
15.3%
-1.8%
5.5%
7.0% 2.5%
4.7% 4.4% 6.8°/a
91%
6.4%
2009
$21.6
$99.1
a 2008
fiscal
The
at
the
net
for
or a
shown
investment
effects
Net Other
Net
Income Operating
Operating
Increase Nor-operating
Statement
the
the gains
(expeiises)
losses
revenues,
assets
assets
year
year
Operating
revenues,
or
below.
(loss)
of
in
losses
- expenses
revenues
at
at
net
non-operating
restated
expenses,
the
beginning
betore
earnings.
revenues
assets
income
of
expenses,
end
Revenues,
other
of
State
gains
of
(loss)
or
A
items
summary
of
Expenses
such
Mississippi
$
$
June
2,343,080,924
2,562,471,356 2,317,295,818
1,550,106,554
(767.189,264)
853.121,384
219,390.432
133,458,342
85,932,120
of
30,
as
the
and
2007
state
IHL
Changes
For
appropriations
$
$
System’s
June
-16-
the
2,442,925,288
2,567,985,282
2,747,777,923 1,598,226,525
(844,698,7633
908,492,202
115,999,202
179.792,641
63,793,439 Institutions
Years
Management’s
30,
in
2008
Ended
Net
SRECNA
Assets
revenues,
$
$
June
2,582,796,084
1,716,514,359
2,876,190,778
2,747,777,923
(866,281.725)
852,763.749
141,930,831
128,412,855
(13,517,976)
30,
for
2009
of
Discussion
the
June
certain
Higher
last
2007
Changes
30,
gift
three
to
-13.1%
-18.0% -25.8%
101%
5.4%
3.1%
6.5%
9.6%
7.2%
2008
2009
revenues,
and
Between
fiscal
Learning
2008
and
Analysis
-121.2%
to
Years
-286%
22.4%
years
-6.1%
2.6%
5.7%
7.4%
7.0%
4.7%
2009
or
2008
net is
volume The
implemented
This
last
million)
program.
System
(SLEAP The
primarily
8.2%
majority
residents
residents
Net
the
and
patient
revenues additional
billion
Operating
Operating
Other
Auxiliary
Patient Sales
Tuition
Federal
Grants
Operating
educational
three
IHL
University
tuition
Total
IHL
30%
was
(or
and
and
Care and
in
in
care
Appropriations
increases
Enterprises
received
System’s
- Operating
System of
caused
24.5
Services
Hurricane
years.
FY
These paid
2008.
an saw
contracts
from
Fees
in
3.1%
the reveoues
revenues
and
departments
revenues
2008),
2009.
Revenues
revenue
encouraging
(net)
million)
of
tuition
a
their
Revenues
auxiliary
revenues
of
fee
(or
(net)
grants
by
lunds
Mississippi
9.0%
Since
approximately
Operating
State
operating
in
the
48.2
In
Katrina) revenues
net
in-state
for
patient
in
revenue
fact,
cycle
(35%
discontinuance average
were
and
2007,
tuition
tuition
activities
the
million)
of
patient
bounce
contracts
project
revenues
in IHL
federal
Medical
revenues
tuition
discontinued
admissions,
patient
increased
2009
Mississippi
and
increase.
revenue.
$
$
during
June
higher
System
$90
1,550,106,554
(9%
care 463.933.432
529,688752
149,003,518
300084,842
44,980.013 48,249,402
-
14,166,595
fees
have
back
aid
rates
and
307
Center’s
million
revenues
revenues
for
in
2008.
2007
of
increased
tuition
revenues
program.
33%
totaled
2009
(21%
9.6%
all the
the
from
Similar
increase
as
after
contributed
towards
For
Special
past
in
Major
well
net
$
$ and
-
rate
in
June
the
(or
the
17-
2008),
1,598,226,525
2007.
increased
have
$1.7
473,876,115
531,192,186 324,558.260
157688,663
have
2009
Institutions
rate
patient
Over
45,240,129 50,435,806
15,235,366 7.4%
three
Years
Management’s
as
$31.3
10%
30,
versus
previous
components
an
Leveraging
billion
the 2008
increased
general
increases
grants
experienced
the
Ended
and
average
in
fiscal
significantly (or
care
million)
administration
2008).
4.5%
the
course
for
20%
$118.3
$
year
S
and
years.
June
revenues
service
prior
1,716,514,359
fiscal
(or 495,371.300
599,612,765
29.3% 355,813,578
157,195,204
of
of
in
46.502.116
47,257,293
Educational
14,762,103 in
in
The
30, contracts
of
decrease
operating
FY
significant
3.7%
$21.5
2008),
fiscal
year.
million)
of
FY
Discussion
2009
in
year
June
following
price
2008
this
(or 2006
increased
Higher
of
in
million)
year
2009
This
$135.7
and
overall
2007
this
revenue
during
Changes
FY
30,
of
yielded
hikes
and
revenues
Assistance
increases
2009.
to
-10.5%
10.5%
accounted
sales
table
compared
14.5%
disaster
2009,
5.8%
6.0% 4.5%
3.1%
8.2% 2009
7.5%
2008
FY
during
1
and
million).
revenue
and
2.9%
Between
2009,
Learning
(29%
2007, an
summarizes
and
2008
Mississippi
which
while
are
and
a
Analysis
additional
during
FY
aid
(or
Program
recently
to
Years
and
in
service
the
to
UMMC
12.9%
for
-0.3%
-6,3%
-3.1%
2.8%
7,4%
4.5%
rise. 9.6%
2009.
Large
2009
$68.4
2008
2009
relief
non-
$1.6
was
IHL
the
the an
was Scholarships due these
The with
year. by physical
during
expense and
million market increase IHL
FY
additional
operating scholarships
fiscal (2008)
billion Operating
Operating
Travel
Commodities Scholarships
Contractual
Other
Depreciation Fringe Salaries
Utilities
By
Operating
institutions
2009.
personnel
technical
to
Major
Total
primarily
IHL
the
Most
costs
the
2009
benefits
ever
in
increase of
adjustments.
and
Operating
Object
plant
System
hospitals
was
for
all
2008.
Much
expenses
services
5.4%
last
expenses
wages
and
of
increasing
operating
most
increased
and
Expenses
Category
the and
and
comparable positions
this
infrastructure.
fellowships
three
for
costs
Expenses
expenses
of
(or
in
utilities
result
Operating
State
their
fellowships
increase Il-IL
fellowship
2008
this
obligation
the
$125.6
years.
(salaries,
(by
for
employees
expenses
increase
rates
IHL
many
on
of
16.1%
expense
major
the
were
the
the
to
of
million)
was
System’s
A
expenses
IRL
for
The
2008.
expenses
to
types
three
expense
tuition
hospital
wages
Mississippi
object
(or
contractual
$
$
was
financed
campus properly
June
and
System
2,317,295,818
1,006,872,216
increased
increased
during
237.119,747
452,788,278
272,960,209 during
145.090,826
$205.6
61,251,067
42,949,694
92,264,119
year
of
5,999,662
experienced
30,
were
rate
category)
commodities
and
side
office
2007
increased
increased
(5%).
analysis
totaled
2008.
electricity,
care
2008.
through
increases
fringe
the
million)
of
service
fuel
8.4%
For
and
largest
operations
$
$
for
-18-
The
June
for
the
2,442,925,288
1,091,776,007
Salary
Personnel
$2.6
and
benefits)
305152,746
436,926,690
of 265,298,795
125,121663
at
Institutions
general
the
the
67,493,528
46314,254
7.6%
99,791,287
5.7%
and Management’s
Years
the
since
5,050,318
30,
expense
following
gas IHL
UMMC
imposed
expenses
delivery
component.
billion
campus’s
2008
additional
past
10.2%
increases
Ended
System
(or
and
(or
were
2007.
increased
supplies.
costs
$9.5
(S50.8
three
for
$139.9
water
during
$
$
costs
table
by
during
June
employed.
2,582,796,084
1,162,961844
fiscal
(18%),
personnel
institutionally
IHL 322,469,156
million)
456,543.617
265.788,199
134,638,181
109,528,387
patient
represented
Included
73,181.756
45.546.636
fiscal
12,138,308
in Other
30,
million)
and
in
summarizes
2008.
2009
million)
of
6.3%
Discussion
System
2009
This
2009
year
2008
June
as years.
commodities major
in
volume
Higher
were
is where
This
2009
(or
in
a costs
and
FY
affected
For
2007
result during
reflected
30,
Changes
institutions
that
58%
$88.5
sourced
components
2009.
goes
2008,
generally
to
2009
-13.8%
-15.8°/a
compared
11.9% 11.8%
will 10.2%
the
-3.5%
that
2009
many
8.4°/a
7.8%
5,4%
8.2%
2008
was
(2009)
and
of
the
Between
2009,
Learning
also
million)
IRL
hand-in-hand
The
growth
was
commodities
respectively,
(10%),
in
financial
2008
a
new
and
prices
Analysis
during
the
show
System’s
5%
and
limited
increase
realized
to
140.3%
for
and
Years
to
-1.7%
clinical
during
5.7%
6.5%
4,5%
0.2%
76%
5.7% 8.4%
9.8%
2008
2009
$29.9
in
merit
57%
$2.4
both
paid
and
that
the
the
aid
an to
2007
successful
instruction
In
Funding
categories
classroom
As
expenses of
universities
capital
additional
about
approximately
benefits
Depreciation in when
programs.
(Hurricane
E!irninations
Other Auxfliary
Hospital Student
Depreciation
Operations Academic
Institutional Public
Student
Research
Instruction By
Operating
fact,
student
this
of
an
Total
Function
Plant
(an
the
service
compared
alternative
report.
the
aid assets,
services
iterprises
Operating
the
for
11%
support
&
support
growth
are
aid.
during
8.2%
as
that
materials
Maintenance
IHL
Katrina
During
affected
Instruction
provide.
Expenses
expense
increase).
the shown
$23
After
including
expenses
System
universities
in
to
of
2009.
State
presentation
IHL
2008
Aid)
2008.
million
these
2007
considering
students
would
below
For
System
for
function
program
expended
scholarships
facilities,
Public
A
example,
which
the
assets
during
of
This
visible
have
be
by
IHL
throughout
major
classified
Mississippi
has
$
$
model,
continues
Service
was
principally
June
this
that
2,317,295818
can
used.
2008.
System
447,078,823 230,120,691
311,389,546
193,624,849 infrastructure
145,780,837
154,637,244 507,529,876
133,675,962
113,057,687
(60,478,386)
effort
an
75,599,349 63,504.418
funds
expended
1,774,922
30,
function
impact,
a
ended
be
and
additional
the
2007
direct
They
expenditures
seen
to
as
the
utilized
increased
fellowships
to
resulted
IHL
expand
instruction.
in
scholarship
be
For
IHL
category.
represent
result
in
$ 2007.
$
an
June
System’s
the
the
19-
2,442,925,288 the
and
System
3.2%
to
216,369,208
331,813,167
546,956,440
492,792720 137,108,770 152,388,258
157,863,858
162.083,151 127,246,899
(47,913,158)
Institutions
additional
66,748,981
95,213.387
Years
Management’s
4,253,607
30.2008
one
Capital from
compensate
Instructional
in
9.8%
machinery
This
increased expenses
the
(or
Ended
of
the
Functional
and
the
which
last
the
during
particular
$17.4
IHL
Assets
type
$56.8
discontinuance
fellowship
$
$
three
IHL
June
System’s
2,582,796,084
resulted
and
of reflected
202,970,115
333,629,057
564,371,754
14.6% 578,967,246 139,884,071 174,670,061
102,856.799 157,076,379
174,916,490
132.690.413
FY2009,
(49,028,336)
a
costs
million)
67,584.677
System’s
30,
2,207,358
and
classifications
classroom
programs
million
fiscal
program
equipment.
of
Discussion
2009
June
Debt
can
expense
($22.3
in
Higher
continuing
in
years
a
while
a
in
highest
$20.0
the 2007
be
$43.0
Administration
Changes
this
of
30,
provided
and
professor
milbon)
seen
the
to
139.7%
worth
area 29.2%
-20.8%
also
25.9%
14.0%
12.6%
10.2%
actually
•6.0°/
More
6.6%
2009
area 5.4% 8.3% 5.1% are
4.8% 7.8%
2008
services
million
million
priorities and
federal
Between
Learning
investment
to
increasing
the
of
during
of
financial
alone
2008
information
have and
classroom
Analysis
or
traditional
operating increased
decrease
decrease
that
to
-48.1% Years provide
SLEAP
section
14.6%
17.5%
-6.2%
-0.5%
(22%).
2.0%
0.5%
4.3%
3.2%
2.3%
5.7% 8.0%
7.9%
1.3%
2009
2009,
2008
since
been
the
aid
an in
code
campus transactions
or
purposes.
mostly 29.5% 2009.
IHL adjustments amongst that
increase auxiliary with decreased
are decrease with
From incurred services.
typically
logistical
research
internal)
more
(1)
Executive
charge
an
departments
category.
FY
channeled This
Student
(or
additional
would
IHL
present
by
expenditures
the
continues
support
of
funding
in
2007
Auxiliary
Examples
11.6%
UMMC
$131.9
large
4.8%
a
FY
System
were
different
among
fee
Office
acted
housing,
2009,
through
the
services, State
increase
has
through
that
directly
(or
(or
14.0%
the
during departments
million). to
functions
that
the
institutions
as
of
S26.6
expenditure
down
$7.4
been
main
primarily
increased
grow
such
a
(2)
institutions
FY
were
($21.7
sub-recipient
the
related
the
of
computing,
is
million)
6.2%
poured
drivers
Food
million).
2009,
as
transactions
not
course
of
scholarships
directed
Increased
Mississippi
exist
the
are
in
can
million)
a
(or
Services,
to,
7.9%
functions
which
one-year
during
the
for
into
executive
that
required
$13.4
Auxiliary
although
of
to
be
public
these
to
to
theirtreatment
(or the
IHL
furnish
growth
seen
required
one
the
that
patient
would
2008.
million).
$12.8
(3)
IHL
and
was
System
anomaly.
increases.
to relations
campuses,
campus
management
enterprise
same
not
- above.
Bookstores,
goods
during
System
be
20-
fellowships
realized
be
Institutions
million)
By
volumes,
elimination
necessarily
Management’s
essentially
student
Since
grant
identified
and
and
or
2008.
of
served
Since
Approximately
since
costs
services
in
patients.
as
in
agreement.
large
FY
development.
the
and
department,
financial
well
line-item
fiscal
as
2007,
2007,
FY
for
self-supporting
as
Institutional
equal
include
Hospital
millions
(4)
the
well
as
a
2007.
financial
to
year
Hospital
Intercollegiate
primary
grant
Institutional
greatest
Hospital
of
Discussion
students,
to,
aid
as
as
June
all
The
$22.2
function.
2009
of
the general
presented
funds Institutional
Higher
agreements
These
medical expenditures
Research
dollars
statement
elimination
recipient
costs
cost
30,
expenses
percentage
and
activities.
million
administered
faculty,
Support
administration
costs
These of
2009
rose
Athletics.
compares
in
procedure and
by
the
Learning
support
(external
and
inter-campus
between
in
presentation
major
continued
entries
17.5%
or
associated
and
goods
costs
costs
have
Analysis
Examples
additional
the
staff
variance
These
object
by
2008
costs
to
other
in
risen
were
have
were
and
and and
rate
and
one
the
FY
an to
The
additions during
institution
other 30,
increased
Non-depreciable
summarizes
assets.
At
equipment
Capital
Total
Capital
Less
Depreciable
Capital
Capital
Equipment
Buildings
Ubrary
improvements
depreciated June
2008.
IHL
buildings
• •
•
•
accumulated
than
cost
Total
assets,
assets
FY
assets
System
books
JSU of
and
MSU
MUW
DSU
30,
are
depreciable
recorded
These
Asset
S341
These
capita]
capital
2009.
Asset
Buildings
and
net
not
the
2009,
the
listed
other
continued
finished
completed
depreciation
being
.7
finished
assets:
assets
library
experienced
Summary
IHL
capital
Rothenburg
assets
than
million,
assets State
capital
Since
below.
and
sizable
the
(i.e.,
System’s
books.
renovations
IHL
renovations
assets
renovations
principally
while
FY
are
Debt
numerous
Infrastructure).
of
capital
System
2007,
strong
Opera
They
comprised
Mississippi
Capital
campus
$
$
totaled
June
(1074,865,712)
Administration
2,164,689,010 3239,554,722
2,811,491,810
1,841,101,865
497,883,743
284.626,803
428,062,912
187,879,399
asset
are
to
consisted
the
facility
growth
30,
to
had
to
Building
Kethley
Assets
2007
$445.5
stated
its
their
infrastructure
IHL
additions
almost
of
Fine
These
renovation
in
institutions
Student
land,
two
of net
for
$ $
-
Hall
million
June
(1,150,112,166)
Arts
21
2,030,614,868
3,055,119,897
2,346,535,978 3,496,648.144
land
$2.5
519,297,833
300,049.479 205,157,717
441,528,247
the
Institutions
of
capital
assets
As Managements
-
during
30,
and
buildings
accumulated
Hall
of
most
Center
and 2008
projects,
at
values
billion
the
June
gross
asset
increased
FY construction
recent
Delta
$ invested
$
and
have
2009.
and
30,
June
(1225,062,841)
including
areas, 3,276,847,490
2,497,240,707 3,722,303,548
2,182,796,569
value
541,631,366
445,456,058
314,257,831 238,161,724
Music
School
depreciation.
2009
three
30,
grown
improvements
7.5%
of
Discussion
2009
Some
of
Buildings June
in
in
and
year-end
the
Institute
Higher
its
a
of
$50.3
progress.
and
broad
of
2007
Colvard
$441.5
Engineering
Building
Changes
30,
the
16.1%
to
and
The
million.
10.3%
7.9% 2009
4.3%
3.1%
7.0% 8.7% 5.4% 9.2%
8.4%
2008
periods.
range
more
(infrastructure).
and
million
Between
Improvements
following
Student
Learning
facilities
respectively
2008
and
Analysis
significant
of
facility
Each
to
at Years
16.1%
capital
4.3%
09%
6.5% 4.7%
6.5%
7.5%
7.3%
6.4°/a
2009
Union
2008
June
table
has IHL
The the
statement As
This
year. 2009 At
shows several Bonded significant
Statement summarizes
includes presents issuances
entitled
Related
Please
Capilal
Notes
Bonds
Debt
June
of
prior
final Total
June
represented
•
•
•
•
This
included
Payable
Payable
the Lease
Summary
new
“Cash
refer
30,2009,
debt
debt
Financing”
year,
State
statement
of
Housing new
MM. USM
UMMC UM
MVSU
Inn
detailed
is
were
additions
30,2008,
decrease
net
Obligations
several
bond
the
divided
to
at
finished
increased
Science
with
Flows
of
Appropriations.
continued
cash
Roberts
$29.2
Ole
the
primarily
finished
IHL
continued
State
issuances
the
Cash
Complex,
a
information
no
shows
presented
existing
June
Miss
during
bonded
used System’s
Activities was
into
17.4%
IHL
renovations
significant
million
and
Stadium,
20.1%
construction
and
five
construction
used
a
System
30,
Flows
of
by
cash
construction
Technology
those
result
facilities
(or
and
made
debt
parts.
numerous
the 2008
at
Mississippi
from
long-term
by
to
about
$ $
(or
The
June
$103.5
flows
the
MSU,
new
the
the
fund
fiscal
of
had
decreased
operating
596,169,269 565,181,030
on
by
$112.0
27.310,137
and
Non-capital
3,678.102
30,
third
normal
The
at
Polymer
Trent
IRL
its
the
IHL
on
debt $696.7 on
from
2007
new
the
years.
$49.7
facility
on
June
million)
renovation
baseball
debt
two
numerous
first
section,
System
institutions
cash
million)
the
issuances
newly
Lott
the construction
debt
activities
approximately
new
in
Building
part for
S
$ 30,
-
million
June
Guyton
acquisition
22
activities Center
bonded
Financing”.
increase
service
593,210,719 555,915.540
the
Institutions
owned
stadium,
31,109,799
is
residence
2007 Management’s
entitled
As
entitled during
-
6.185,380
30,
construction
projects
the
of
during
most
2008
at
of
introduced.
Building
for
Statement
debt,
audited
on
payments
the
UM
Farmer’s
of
FY
“Cash
over
“Cash
recent
Economic
while
and
$9.3
these
the
on
halls
The
the
S
$
IHL
2009.
and
notes
June
expansion,
existing
year.
construction
the
projects,
667,866,841
696,691,746
financial
million
also
institution
Flows
22,922,268
primary
System.
Flows three
and
30,
5,902637
campuses.
$49.9
Market
of
made
payable
of
prior
Discussion
This
2009
Cash
Development,
New finishing June
continued
when
year-end
Activities
academic
Activities
Higher
including
source
million
year-end.
by
increase
statements
property
issuances
as
The
2007
Flows.
during
and
30,
Changes
the
of
compared
well
construction
to
capital
68.2%
second
13.9%
institutions
-1.6%
-0.5%
2009
capital
of
at
construction
2008
from
periods.
from
an
as
and
facilities
the
was
This
these
Between
Learning
USM.
the
the
expansion
The
made
for
2008
Capital
and
and
year.
Operating”
Analysis
to
a
lease
statement section
4 th
inclusion
a
activities
result
the
to
Years
following
-26.3%
20.1%
17.4%
related
-4.6%
description
These
during during
Street
of
2009 2008
prior
obligations.
of
The
and
the
of
of
a
is
table of
designated endeavors
include appropriations auxiliary
payments
Major
Major ($349.2
Major
presented cash
operating
investing
items.
Total
Cash Cash
Cash
Cash
Net
Statement
classified
End
Capital
Non-capital
Operating
Investing
Current
Non-currentassets
Beginning
cash
increase
cash
flows
and
and and
sources
flows
sources
sources
ol
The
proceeds
Year
and
million),
and
cash
enterprises cash cash
and
activities.
as:
assets
activities
for
income
below.
($124.4
(decrease)
cash
for
financing
r&ated
from
ot
cash fourth
equivalents equivaients
equivalents
of
Year
employees’
capital
of
of
of
equivalents
($745.3
Cash
equivalents
from:
grants financing
funds
funds investing
State
funds
from
(loss) section
in
million). The -
-
($166.4
projects
Flows
capital
included
included
and
included
million)
final
reflected
salaries
of
activities
is
contracts
entitled
million).
section
($64.6
Mississippi
debt
$
$
S
$
June
and
in
in
in
(122,194.735)
(629,414944)
292,368,568
292,368,568
284,081,374
and 746,508,580
126,740.115
165628.453
on
the
13,388,293
operating
the 8,287,194
issuances 30,
and
‘Cash
million).
gifts
contains
($492.2
the
benefits
2007
capital
Major
non-capital
shows
SRECNA.
and
Flows
For
activities
uses
$
$
$ $
Major
-23
and
million),
June
a
the
($257.7 ($1.48
grants
purchases,
(720,472,154)
(171,740.121)
288,911,031
419,825,639 909,527,330
298.676.728
419,825,639
121,14&911 113,599,553
130,914,608
reconciliation
Institutions
Years
Management’s
- Activities
30,
related
of
financing
uses
2008
funds
A
billion),
for
Ended
patient
received
million),
condensed
of
FY
financing
funds
proceeds,
from
$
$
$ $
included
June
2009,
activities
and
care
of
(694,734,810)
882,230,303
523,215,751 342,514,748
523,215,751 419,825,639
103,390,112
180,701,3
(32,473.870)
(5L631.511)
and
for
Investing”.
30,
net
in
to
services
of
this
were
Discussion
2009
activities
purposes
Statement
grants
suppliers
cash
June
in
and
for
section
Higher
operating
student
provided
2007
FY
interest
Chanqes
30,
and
($659.8
This
section
1479.7%
2009
748,5%
to
other
($768.6
include 21.8%
405°’
80.3%
43.6% 43.6%
14.5%
of
.4.4%
2009
1.7%
2008
contract
tuition
and
section
Cash
activities
Between
Learning
received
(used)
include
million),
than
for
2008
and
direct
Analysis
million).
and
Flows
-128.6%
FY
to
Years
-21.0% -69.9%
funding
reflects
45.3%
492%
24,6%
24.6%
14.7%
-3.6%
-3.0%
capital
to
2008
2009
2009
were
state
from
cash
fees
and
the is While constituents The with System’s System’s and continuation The As compounded System excellence containment, competitive 2012. economic and successfully rising appropriations Management provides Moody’s reduced payments
revenues. Economic In retire a addition, retaining nations the overall labor-intensive IHL capital costs. it is has State increasing (Aa3) System’s 5% the health financial not environment made At in terms. current financial in while respond in of debt faculty possible wilt service at the due IRL by appropriated
the Outlook and and this FY each benefits
for State enable time the ($1 maintaining past System to This condition goal, donations Standard economic costs 2009 organization, and capital economic to to 85.9 position institution a expiration at of while and significant flexibility, students, government this staff. the for this as of
capital of million). a assets will its revenues medical time always, IHL continuing writing, will & higher downturn. ($54.2
of Mississippi Moreover, financial employees environment, continue Poor’s has the System of remain to along the assets patients, challenges ($185.7 predict federal a degree the IHL million) care is IHL mandated proven comprise (AA-). to with to integrity. to FY State to System consistent relatively System were search and has deliver the take the million), provide 2010 ongoing stimulus and of the to track Achieving - support increased ultimate research prescription 24 impacted flexibility proactive
its Institutions mid-year for donations approximately faces IHL remains state Management’s extraordinary - academic strong record the and with new efforts funding System is appropriated results, competitive necessary principal community, expected the and opportunities dramatically in steps by and of strong. budget toward drugs of national securing successfully maintaining programs, non-cash capital maintains after stable management to services 30% and to of respond revenue resources The cut.
pressures of Discussion continue FY landscape, the revenues particular June assets over to interest capital into
of stemming Higher IHL activities compliment 2011. State these high These the to adapting the FY diversification to 30, System their ($10.3 believes declining to these funds IHL related payments credit and past 2010 have concern. high the support 2009 Even, declines and from including customers System’s
the to Learning several cost million). challenges already state credit on and continues ratings to this that and through nation. the Analysis given attracting of the a made and The beyond. support. present level the the will State’s ratings years, 2008 been state most from total cost and IHL IHL IHL the FY be to to of of Basic Financial Statements (THIS PAGE LEFT BLANKINTENTIONALLY)
- 26 -
Total
Net
Commitments
Liabilities
Liabilities
Assets
As
Unrestricted
Restricted
Invested
Noncurrent
Current
16,
Noncurrent
Current
of
Expendable:
Accrued Accrued
Other
Nonexpendable: Long-term
Other
Long-term Accounts
Deposits
Other Other Accounts
Capital
Deferred Student
Restricted Other
Endowment
Restricted
Student
Prepaid
Inventories Short-term
Cash
Assets
Total
Other
liabilities Capital
Loans Research Other Total
Debt Scholarships
Research
Scholarships
17, Total
June
Total
Total
Total
Total
18
and
current
tong-term
liabilities:
lông-term
noncurrent
current
assets:
service in
net
and
liabilities
assets
assets,
30,
purposes
purposes
notes
expenses
and
notes
for:
leave
leave
projects
noncurrent current
refundable
capital revenues
noncurrent
current
liabilities:
payable
assets:
receivable,
cash
and
and
liabilities
short-term
cash
liabilities
assets
investments
Net
investments
19)
liabilities
assets
receivable,
receivable,
liabilities
liabilities
net
contingencies
and and
net
State
equivalents
Assets
liabilities
and
investments
assets,
liabilities
assets
assets
and
assets
fellowships fellowships
-
liabilities
cash
assets
current
net
investments accrued
-
net
See
current
net
equivalents
of
net
of
portion
(Notes
accompanying
related
Mississippi
liabilities
portion
3,
debt
9,
11,
12, notes
-
15,
27
to Institutions
-
finanCial
$
$
$
$
statements,
4,022,554,660
2,876,190,778
1,803,489,983
1,146,363,882
4,022,554,660
3,166,828,946
2,497,240,707
619,744,610
143,756,444
667,352,033
862,937,254
111,021,632
283,426,628
154,597,040
2009
110,986,535
205,048,500
157,961,394
855,725,714
292,772,341
342,514,748
180,701,003
163.888,934
45,139,739
37,987,133
49,474,781
59,343,117 88,133,153
10,383,709
83,381,941 43,662,109
14,907,094
39,801,345
37,094,785
22,113,901
11,443,294
10,902,618
12,047,803
11,485,369
3,831,015
8,271,349
1,181,648
3,447,513
Statements
of
Higher
$
$
$
$
of
2.747,777.923
3,765,775,131
1,759,506,600
1,017,997,208
3,765,775,131 2,346,535,978
2,981,198,889
Learning
Net
579,297,583
563,641,157
746,418,850 271,578,358
105,134,599 213,804,913
109.333,751 784,576,242 2008
143,917,252 262,498,708
1
298,676,728
121,148,911
105,722,484
89,860,574 45.410814
33,165,479
73,072,078
78,759,829
51,182,222
25,071,353
75,287,665
28.633.602
39,195,161
51,584,166
79,379213
78,667,365
20821910
10,216,021
7,421,059
5,030,332
2,355,429
8,248,177
2,030,926
7,973,026
8,965,197 Assets Mississippi State University Foundation, Inc.
Statements of Financial Position
As ofJune 30, 2009 2008 Assets Cash and cash equivalents $ 2,370,160 $ 3,243,092 Restricted cash 2,032,354 Accrued interest, other receivables and prepaid assets 568,524 657,654 Receivable from MississippiState University 2,982 13,750 Receivable from MSUAlumniFoundation 12,933 19,110 Receivable from MSUAlumniAssociation 131,424 120,953 Notes receivable 366,117 443,482 Pledges receivable, net 19,562,300 17,030,437 Investments 204,400,418 239,074!917 Present value of amounts due from externallymanaged trusts 26,986,042 25,936.835 Unamortizedbond issuance costs 44,400 Land. buildingsand equipment 12,540,166 13306918
Total assets $ 268,973,420 $ 299.891,548
Liabilities and Net Assets Liabilities Accounts payable and accrued liabilities $ 4,516,714 $ 2,771,447 Obligationunder capital leases 3,175,353 3,510,099 Liabilitiesunder split interest agreement 3,784,736 5,251,595 Long-termdebt 267,941 4,192,590 Total liabilities 11,744,744 15,725,731
Net Assets Unrestricted (3,839,125) 21.464.897 Temporarilyrestricted 32,564,787 45,474,916 Permanently restricted 228.503,014 217,226.004 Total net assets 257,228,676 284,165.817
Commitments (Notes 2 and 9)
Total liabilitiesand net assets $ 268,973,420 $ 299,891,548
See accompanying notes to financial statements. -28 - The University of Mississippi Foundation
Statements of Financial Position
As of June 30, 2009 2008 Assets Cash and cash equivalents $ 3,671,027 $ 8778,262 Pledges receivable, less allowance for doubtful pledges of $1,771,452 in 2009 and $7,481,928 in 2008 22,273,648 22,882,931 Investments 250,547,579 291,801,578 Beneficial interests in remainder trusts 3,730,226 3,417,765 Otherassets 1,642,405 1,530,963 Property and equipment, net 2,087,430 2,944,631
Total assets $ 283,952,315 S 331,356.130
Liabilities and Net Assets
Liabilities Funds held in trust for others $ 15,686,378 S 16,282.368 Liabilities under remainder trusts 4,352,873 5,978,882 Other liabilities 2,858,813 5,265,766 Total liabi’ities 22,898,064 27.527,016
Net Assets Unrestricted (2,231,842) 6,192,311 Temporarily restricted 123,853,162 167,793,676 Perrnanent$y restricted 139,432,931 129,843,127 Total net assets 261,054,251 303,829.114
Total liabilities and net assets $ 283,952,315 $ 331.356.130
See accompanying notes to financial statements. - 29 - The University of Southern Mississippi Foundation
Statements of Financial Position
As of June 30, 2009 2008 Assets Cash and cash equivalents $ 21,013,665 $ 14,913974 Accrued interest 199,026 209,235 Prepaid assets and other receivables 243,125 143,908 Advances to The Universityof Southern Mississippi 360,275 - Pledges receivable, net 6,298,395 8,066,885 Investments 42,511,749 54,440,772 Present value of amounts due fromexternallymanaged trusts 1,575,976 1,936,266 Lease receivable 1,532,351 - Furnitureand equipment, net 446,540 22,511
Totalassets $ 74,181.102 $ 79,733,551
Liabilities and Net Assets
Liabilities Accounts payable $ 464,686 $ 605,915 Note payable 1,474,503 - Amountsdue to brokers 48,391 46,506 Giftannuities payable 410,186 421,606 Liabilityfor amounts held for others 7,877 35,111 Total liabilities 2,405,643 1,109,138
Net Assets Unrestricted 1,274,079 4046,749 Temporarilyrestricted 24,999,373 29,612,790 Permanently restricted 45,502,007 44,964,874 Total net assets 71,775,459 78,624,413
Commitments(Note 10)
Totalliabilitiesand net assets $ 74,181,102 $ 79,733,551
See accompanying notes to financial statements. - 30 -
Operating
Forthe
Total
Total
Operating
Total
Operating
Change Nonoperating
Net Other
Income
Net
Net
Tuition
Auxiliary
State
Net
Sales
Travel Nongovernmental
Federal Federal
Other Patient
Additions G’fts Other Contractual
State Depreciation Fringe Interest
Commodities Scholarships Salaries
Other Investment Utilities
State Capital Other
Other Other Interest
Prior
Less:
Less:
Athletics
Food
Student
Other
Bookstore
assets
assets
assets
operating
Less:
operating
tuition
net
Revenues,
and
period
years
grants
appropriations
appropriations
and
operating
operating
(loss)
nonoperating nonoperating
deletions
additions
in
benefits
and
care services
nonoperating
Scholarship
grants
Bad
auxiliary
grants
earned appropriations
expense
and
loss
enterprises:
net Revenues
- Expenses -
-
Auxiliary
grants
to
housing
services
and
beginning
beginning
end
fees
income
ended
services
adjustments debt
before
permanent revenues, and
assets
wages
and
Revenues
expenses revenues
and
fees
and
of
on
revenues,
expenses
Expenses, revenues
contracts
State
expense
on
year fellowships
grants
June
enterprise
loans
gifts
of
contracts
other
(loss)
allowances
expenses revenues
capital
restricted
of
of
revenues
educational
net
Statements
year,
year,
endowments
30,
to
(Expenses)
and
revenues,
net
students
of
asset-related
See
Gains
as
as scholarship
contracts
for
(expenses)
Mississippi
originally
restated
accompanying
departments
capital
and
expenses,
of
Losses
purposes
debt
allowances
reported
Revenues,
gains notes
-
31
and
Institutions to
-
losses
financial
Expenses
statements.
$
$
and
1,716,514,359
2,582,796,084
1,162,961,844
2,747,777,923
2,747,777,923
2,876,190,778
(112,734,581)
(866,281,725)
471,728,502
381,365,983
355,813,578
456,543,617
599,612,765
265,788,199 322,469,156
750,566,703 109,528,387
134,638,181
852,763,749 142,985,933
128,412,855
2009
(20,255,210)
(13,517,976)
of
(30,363,843)
47,257,293
44,974,205
62,798,294 69,031,112
45,646,518
60,507,738 14,762,103
45,546,636
19,421,159
27,942,224
73,181,756
70,213,557 12,138,308
67,404,224
(3,180,343)
(6,246,108)
(9,278,597)
(6,809,668)
6,780,999
4,855,942
5,099,661
6,266,776
Changes
855,598 Higher
-
$ in
$
Learning
Net
2,442,925,288
1,598,226,525
2,562,471,356
2,747.777.923 1,091,776.007
2.567
(107463,805)
(844,698,763)
435,543,347
324,558,260
436,926,690
531,192,186 362,746,340
780714,661 265,298,795 305,152,746
908,492,202
150,504,492
125,121,663
179,792,641
2008
(13,870,546)
(28,592,768)
(20,314,668)
69.490358 41,639,417
46,314,254 44,400,324
58,092,793
67,493,528 28.774,740 50,435,806
63,793,439 59,031,450
99,791,287
15,235,366
22,244,318
78,486002 40,466.586 18,1
(3,521282)
Assets
(5,392,327)
7463,489
5,050,318
3,936,167
5,513,926
1,790.169
839,805
985,282
648,772 96,737 For Revenues Contributions
Change Net Change
Dther Net
Program
Expenditures
Supporting
Net Net
Contributions
Contributions Contributions
Contributions
General
Fund
(Decrease)
the
investment
assets
State Club
Foundation
State
assets
assets
Total
Total
Total
Total
year
in in
raising
services:
University
University
value
restrictions and
released and
revenues
services:
at at program
ended supporting
expenditures
beginning end increase
(loss) support
administrative
and
and and
and
of
of split
June
from
support
support support
support
Alumni
services
year income
and
by
services
in interest
30,
of
donor
restrictions
support
net
year
Association
for
for for 2009
for
assets
Mississippi
Mississippi agreements
Bulldog Bulldog
Mississippi
See
accompanying
$
Unrestricted
$
(24,242,720)
17,330,572
(25,304,022)
17.875,592
20,850,986
26,085,080
4.675.367
21464,897
2562,793
2,387,142 (3.839.125)
2,780,273 2,453.821 5,234,094
State
notes
455,046
781,058
566,877 - 21,375
32
to - -
financial
University
$
Temporarily
$
Restricted
(17,330,572)
(12,910,129)
12.387,527
(12,910,129)
(7,203,227)
45,474.916
32,564,787
(164,376)
(599,481)
statements. ------
$
Statements
$
Permanently
Restricted
Foundation,
21 228,503,014
11.073,098
11,277,010
11,277,010
(332,523) 7226,004
392,000
144,435 ------
of
$
$
Activities
(31,778,470)
284,165,817
257.228,676
28.135.992
(26,937,141) Total
17,875.592
20,850,986
26,085,080
2,562,793
2,387,142
2,780,273 2,453,821 5,234,094
(852,061)
227.624
Inc. 566,877
21,375 - - Contributions For Change Revenues Change Other Net Net Program Expenditures Supporting Net Net Contnbutions Contributions Contributions Contributions General Fund (Decrease) the investment assets Club State Foundation State assets assets Total Total Total Total year raising in in services: University University value restrictions and and released at at revenues services: program supporting expenditures ended end beginning increase administrative (loss) support and and and and of of split June support support from support support Alumni year services and income by services in interest of 30. donor restrictions net support year Association for for for for 2008 assets See Bulldog Mississippi Mississippi Bulldog
agreements Mississippi accompanying $ $ Unrestricted 28,217,378 21,128,054 23.995,804 25,538,855 31,451.004 24.698,523 21,464.897 (3,233.626) 4,825.052 2,307,506 notes 2,904,953 3,007,196
5,912,149 State 630.066 332,500 580,485 (84,851) - 41,617 33 to - -
financial S University $ Temporarily Restricted (22,898,819) (21,128,054) (22,898.819) 45,474.g16 68.373.735 (6,71 4.453.413 1,125,550 (736,608) statements. 98,598 1,718) ------$ Statements $ Permanently
Restricted Foundation, 217,226,004 203,035,187 10,770.210 14,190,817 (1,167,167) 14,190,817 3,367,490 1,010,372 209,912 ------of S 5 AcUvities 284,165,817 296.107.445 (11.941.628) 20,048,675 23.995,804 19,509,376 25,538,855 31,451004 Total (6,586,657) 2,581,270 3,466,088 5.912,149 2,904,953 3,007,196 630.066 332,500
580,485 Inc. - - The University of Mississippi Foundation
Statements of Activities
Temporarily Permanently For the year ended June 30, 2009 Unrestricted Restricted Restricted Total Revenues, gains and other support Contributions, gifts and bequests $ 20,400,351 $ 8,316,897 $ 28,717,248 Dividend and interest income $ 1,029,492 8636,791 - 9,666283 Net unrealized and realized losses on investments (9,785640) (35,708,466) - (45,494.106) Change in value of split interest agreements - 312,461 580,077 892.538 Other income 1.685,620 1,942,597 8.588 3,636,805
Total revenues gains, and other support (7,070,528) (4,416,266) 8,905.562 (2,581,232)
Net assets released from restrictions redesignated by donor 38.840.006 (39.524,248) 684.242 - Expenses Support for University activities 37.484,939 - - 37.484.939 General and administrative expenses 1,708.053 - - 1,708.053 Fundraising expenses 1.000,639 - - 1,000,639
Total expenses 40,193.631 - - 40.193.631
Changes in net assets (8,424,153) (43,940.514) 9,589,804 (42,774,863)
Net assets at beginning of year 6,192,311 167,793,676 129843.127 303,829.114
Net assets at end of year $ (2.231.842) $ 123.853,162 $ 139,432.931 $ 261,054,251
See accompanying notes to financial statements. - 34 - Contributions, For Revenues, Change Net Dividend Otherincome Net General Support Fundraising Expenses Netassets Net investments redesignated Changes the assets unrealized assets Total Total year support in for and and value released atend at gains revenues in University expenses expenses ended administrative interest beginning net gifts and by of assets and ofyear and split donor June realized from gains, income activities other bequests interest of 30. restrictions year expenses losses and 2008 support See agreements other on
accompanying
The University $ $ Unrestricted 27,053.747 29.222,192 32,328,664 (1,108,907) (3,014,421) 2,260,496 1,538,908 6,192,311 1,830,495 1,415417 1.691,055 9,206,732 notes - 35 to - - financial S $ Temporarily
Restricted of 182,023,785 167,793,676 (28.297,412) (27,416,374) (14,230,109) 27793.553 I 11814,635 3,1 1,669,125
206,364 Mississippi statements. 86,265 - - - - $ $ Statements Permanently Restricted 129,843,127 127,390,924 2,443.112 2,089,576 2,452,203 (359,375) 362627
5839 Foundation ------of S $ Activities 303,829,114 318,621,441 (29,406,319) (14,792,327) 30236665 17,536,337 29222.192 13,353,543 32,328,664 Total 3,505,459 1.415.417 1.691,055 (153,011) - The University of Southern Mississippi Foundation Statements of Activities
Temporarily Permanently For the year ended June 30. 2009 Unrestricted Restricted Restricted Total Revenues, gains and other support Contributions $ 1757.415 $ 9.453.383 $ 1168.478 $ 12.379.276 Net investment income (loss) 283.173 (8.530,358) (364.284) (8,61 1.469) Change in value of split interest agreements - 20.807 (416,039) (395,232) Other (26.272) 188.825 88,993 251.546 Change in restriction by donor 4,276 (64.263) 59.985 - Net assets released from restrictions 5,681.811 (5.681.811) - -
Total revenues, gains and other support 7,700.405 (4.613,417) 537,133 3,624.121 Expenditures Program services: Contributions and support for The University of Southern Mississippi 8,133,099 - - 8,133.099
Total program services 8,133,099 - - 8,133,099
Supporting services; General and administrative 1,379,616 - - 1,379,616 Fund raising 960,360 - - 960,360
Total supporting services 2,339,976 - - 2,339,976
Total expenditures 10,473,075 - - 10,473,075
Increase in net assets (2,772,670) (4,613,417) 537,133 (6,848,954)
Net assets at beginning of year 4,046,749 29,612,790 44,964,874 78,624,413
Net assets at end of year $ 1,274,079 $ 24,999,373 $ 45,502,007 $ 71,775,459
See accompanying notes to financial statements. - 36 - For Contributions Change Revenues, Change Other Net Net Expenditures Program Supporting Net Net Contributions Fund General Increase the investment assets of assets assets Total Total Total Total Southern year raising support in in services: value restriction and released at at in gains services: revenues, Qrogram expenditures supporting ended net beginning end administrative income and Mississippi of assets and of split
June The support from services year by gains other services (loss) interest donor of 30. restrictions year and
for University 2008 support See The agreements other University
accompanying of S S Unrestricted 5,058,914
7,451,456 1.628.718 Southern 5,458,560 4,167,152 5.458.560 2,133,299 notes 7,591.859 4.046.749 1,367.694 (1 (140,403) 862,050 765,605 - 30,036) 11,810 37 to - - financial $ S Temporarily Restricted 34,845,568 29,612.790 (1780,469) (5,058,914) (1,158,031) (5,232,778) (5,232,778)
2,629581 Mississippi statements. 97,410 37,645 ------$ Statements S Permanently Restricted 42,256,233 44,964,874 2,708,641 1414,632 1,288,067 2,708,641 (11 68,675 56,856
9,589) Foundation ------of $ $ Activities 81,288.953 78.624.413 Total (2,664,540) 5672.931 4,927,319 5,458,560 5,458,560 2,133,299 7,591,859 1,367,694 (829,744) 166,076 765,605 (81,944) - - State of Mississippi Institutions of Higher Learning
Statements of Cash flows
Forthe years ended June 30. 2009 2008 Operating Activities Tuition and fees $ 349,158,384 $ 327332995 Grants and contracts 492,185,220 484.956,664 Sales and services of educational departments 49,509,193 52875025 Payments to suppliers (768,643,676) (735,352,930) Payments to employees for salaries and benefits (1,477,579,368) (1,382,953,592) Payments for utilities (74,970,736) (66,560.824) Payment for scholarships and fellowships (133,406,858) (117,036,340) Loans issued to students and employees (22,307,863) (25.711,448) Collections of loans to students and employees 11,462,245 12,519,513 Auxiliary enterprise charges: Student housing 57,275,941 56,043.816 Food services 20,582,957 15,712,677 Sookstore 6,587,294 7,282,232 Athletics 59,910,311 56,501,932 Other auxiliary enterprises 22,070,512 23,358,478 Patient care services 659,836,440 518,775,824 Interest earned on loans to students 1,060,627 878,486 Other receipts 64,642,759 44,677,034 Other payments (12,108,192) 6,228,104 Net cash used by operating activities (694,734,810) (720,472,154) Noncapital Financing Activities State appropriations 745,263,631 779,255,005 Gifts and grants for other than capital purposes 124,366,622 128,667,333 Private gifts for endowment purposes 4,819,180 1,732.064 Federal loan program receipts 404,222,080 343.176,715 Federal loan program disbursements (404,271,041) (343,679,962) Other sources 10,569,387 6,044,623 Other uses (2,739,556) (5,668.448) Net cash provided by noncapital financing activities 882,230,303 909,527,330 Capital and Related Financing Activities Proceeds from capital debt 257,696.812 87,670,642 Cash paid for capital assets (185.684,860) (190.443,098) Capital appropriations received 1,185,274 8,437,233 Capital grants and contracts received 64,570,643 47,614,161 Proceeds from sales of capital assets 262,590 2,047,725 Princinal paid on capital debt and leases (155,369,848) (101,463.681) Interest paid on capital debt and leases (30,481,334) (28.161,614) Othersources 1,938,075 8,507,254 Other uses (5,748,871) (5,948.743) Net cash used by capital and related financing activities (51,631,511) (171740.1 21) Investing Activities Proceeds from sales and maturities of investments 389,506,013 414,764.467 Interest received on investments 18,520.123 34,664,443 Purchases of investments (440,500,006) (335,829,357) Net cash provided (used) by investing activities (32,473,870) 113,599.553 Net increase in cash and cash equivalents 103,390,112 130.914,608 Cash and cash equivalents - beginning of year 419,825,639 288,911,031
Cash and cash equivalents - end of the year $ 523,215,751 $ 419,825,639
See accompanying notes to financial statements. - 38 - State of Mississippi Institutions of Higher Learning
Statements of Cash Flows
Forthe years ended June 30, 2009 2008
Reconciliation of Operating Loss to Net Cash Used in Operating Activities
Operating loss $ (866,281,725) $ (844,698,763)
Adjustments to reconcile operating loss to net cash used in operating activities: Depreciation expense 109,528,386 99,791,287 Self-insured claims expense 15,693,000 9,568,000 Bad debt expense 298,537,117 269,754,753 Other 7,997,220 890.044 Changes in assets and liabilities: (Increase) decrease in assets: Receivables, net (318,617,260) (259,123,319) Inventories (1,291,992) 907,867 Prepaid expenses (3,945,200) 68.814 Other assets 68,309,389 (32,848.688) Increase (decrease) in liabilities: Accounts payable and accrued liabilities 3,389,675 19,394,115 Deferred revenue (986,520) 3.531,924 Deposits refundable (1,133,206) 1.016.446 Accrued leave liability 4,807,333 2,860.658 Loans to students and employees (5,810,006) (5,296.673) Other liabilities (4,931,021) 13,711,381 Total adjustments 171,546,915 124,226,609
Net cash used in operating activities $ (694,734,810) $ (720,472.154)
Reconciliation of Cash and Cash Equivalents: Current assets - cash and cash equivalents $ 342,514,748 $ 298.676,728 Non-current assets - restricted cash and cash equivalents 180,701,003 121.148.911
Cash and cash equivalents - end of year $ 523,215,751 $ 419.825,639
Non-cash Capital Related Financing and Investing Activities: Assets acquired through capital lease obligations $ 1,600,691 $ 12,301,359 Capital assets appropriated by the State of Mississippi $ 54,173,110 S 77,543,397 Donations of capital assets $ 10,349,365 $ 14,247.043
See accompanying notes to financial statements. - 39 - Mississippi State University Foundation, Inc.
Statements of Cash Flows
For the years ended June 30. 2009 2008 Operating Activities Decrease in net assets $ (26,937,141) S (11.941 .626) Adjustments to reconcile decrease in net assets to cash provided by (used in) operating activities: Depreciation and amortization 800,654 1242233 Loss on early redemption of bonds 63,600 Realized and unrealized losses on investments, net 38,861,557 14,142.434 Change in value of internally managed split interest agreements (499,457) 413. 224 Fair value of donated assets (1,584,128) (5,335,727) Change in accrued interest, other receivables and prepaid assets 89.130 309441 Chang in pledges receivable, net (2,531,863) 5,960,229 Change in externally managed trusts (1,049,207) 8813,188 Change in accounts payable and accrued liabilities (287,087) (546]314) Change in receivable from Mississippi State University 10,768 (13,750) Change in receivable from MSU Alumni Foundation 6,177 (46) Change in receivables from MSU Alumni Association (10,471) (88,886) Permanently restricted investment dividends and interest (4,219) (13,769) Permanently restricted contributions (11,128,623) (12853,706) Net cash provided by (used in) operating activities (4,200,310) 86, 923
Investing Activities Purchases of land, buildings, and equipment (33,902) (52,220) Purchases of investments (15,225,227) (39,859,951) Proceeds from sales and maturities of investments 12,131,248 29,622,637 Payments on notes receivable 77,365 96,433 Net cash used in investing activities (3,050,516) (10,193,101)
Financing Activities Principal payments of long-term debt (3,943,849) (663,405) Permanently restricted investment dividends and interest 4,219 13.769 Permanently restricted contributions 11,128,623 12,853706 New liabilities under split interest agreements 132,809 514,816 Payments to split interest agreement beneficiaries (609,162) (734,537) Principal payments on capital lease obligations (334,746) (297,523) Net cash provided by financing activities 6,377,894 11686,526
Net increase (decrease) in cash (872,932) 1,580,348
Cash at beginning of year 3,243,092 1,662,744
Cash at end of year $ 2,370,160 S 3,243.092
Supplemental disclosure of cash flow information:
Cash paid during the year for interest $ 26,993 $ 240,257 Capital lease obligation for equipment $ - $ 3,606,672
See accompanying notes to financial statements. - 40 - Operating For Investing Financing Cash Cash Net Adjustments Decrease Proceeds Purchase Proceeds Payments Receipts Purchase Permanently provided Net the Net Net (decrease) Contributions Depreciation Changes Net Permanently and and years Pledges Other Beneficia’ Funds Other Liabilities cash cash cash realized cash Activities cash Activities Activities under in from of from of to by provided used provided assets ended liabilities held net property to Foundation beneficiaries in restricted (used increase equivalents equivalents receivable reconcile sale under sales operating split interest assets and restricted in for of June investing real of in) interest others by unrealized by and and remainder property in operating contributions (used financing in 30, estate investments decrease cash assets maturities equipment at at remainder under contributions See end beginning agreements activities in) and and loss accompanying trust and of remainder operating activities:
activities The in cash year equipment on of trusts liabilities: net agreements Foundation of investments equivalents assets
year University activities trusts notes to -41 investments net to cash -
financial of
. Mississippi statements. $ $ Statements (42,774,863) (42,249,828) 45,494,106 32,855,543 (8,316,897) (2,406,953) 2009 (3,238,253) (8,696,550) (5,107,235) 3,604,486 1,828,335 7,097,845 6,827,568 8,778,262 3,671,027 (111,442) (312,461) (402,030) (470,277) 741,278 159,466 200,000
(43,543) Foundation of $ $ Cash (14,792,327) (42,239,615) 29,406,319 38,532,273 (2,727,500) (3,326,239) (1,378,649) (6.969,208) 2008 (3.928,209) 3,473,772 3,817,616 5,598,760 6,165,826 8,778,262 1000,000 3,066.873 5,711.389 (206.364) (599,715) (220,667) (432.934) 205,929 43,910 Flows - The University of Southern Mississippi Foundation
Statements of Cash Flows
For the years ended June 30, 2009 2008 Operating Activities Decrease in net assets $ (6,842,954) $ (2.664.540) Adjustments to reconcile decrease in net assets to net cash provided by operating activities: Depreciation and amortization 9,459 10,358 Realized and unrealized losses on investments, net 9,704,179 2063253 Permanently restricted contributions (1,125,529) (1,015549) Permanently restricted dividends and interest (23,808) (42.070) Change in externally managed trusts 360,290 3059.274 Change in gift annuities and pooled income fund 124,132 46.820 Present value adjustments to annuities 41,335 49.769 Changes in operating assets and liabilities: Accrued interest 10,209 (2,967) Prepaid assets and other receivables (99,217) (41,491) Advances to University of Southern Mississippi (360,275) 149,419 Pledges receivable, net 1,768,490 2,968,104 Accounts payable (141,229) 209164 Liabilityfor amounts held for others (27,234) (39,470) Net cash provided by operating activities 3,391,848 4,750,074
Investing Activities Purchase of furniture and equipment (433,488) (6,360) Change in cash surrender value of life insurance (144,613) (347.164) Purchase of investments (17,020,827) (34,574,176) Change in amounts due to brokers 1,885 (149,394) Proceeds from sales and maturities of investments 19,266,152 37,407,477 Purchase of assets to be leased (1,585,165) - Principal payments received under leases 52,814 - Net cash provided by investing activities 136,758 2,330,383
Financing Activities Proceeds from note payable 1.600,000 - Principal payments on note payable (125,497) - Permanently restricted contributions 1,125,529 1.015.549 Permanently restricted dividends and interest 23,808 42,070 Investments subject to annuity agreements - (17,619) Annuity payments (52,755) (54.31 5) Net cash provided by financing activities 2,571,085 985,685
Net increase in cash and cash equivalents 6,099,691 8.066.142
Cash and cash equivalents at beginning of year 14,913,974 6,847832
Cash and cash equivalents at end of year $ 21,013,665 $ 1491 3,974
Supplemental disclosures of cash flow information:
Cash paid for interest $ 14,543 $ Non-cash direct financing lease $ 1,585,165 $
See accompanying notes to financial statements. - 42 - The NOTE of Reporting The universities, Institutions the twelve locations members. Constitution implemented. nine own Each of for purpose Mississippi) general Statement The State The The Mississippi’s Mississippi the three current following Mississippi years. IHL IHL educational of ASU MSU JSU DSU of USM UM MVSU MUW UMMC MCVS IHL I year various The Mississippi entity the purpose — Mississippi of System System throughout Supreme Board SUMMARY New No. of Entity these terms twelve The eight was in Mississippi the Higher established is Full Institutions accordance universities. 14, appointments system a State amendment amended University Constitution financial Office corporations reports is universities list as implementation these building Board considered Court Institutions Learning State follows: the of OF abbreviations of State educational state. the members of to of statements. universities. SIGNIFICANT with Districts, in University In corporation of solicit Higher following one 2003 accordance and provides will (Board). Mississippi was University is Mississippi a Section of for component from occur the and Higher occurs to were amended the Learning and building change used University discretely each Foundation, This manage for acquisition, 37-101-61 from The appointed (a Foundation two ACCOUNTING with Learning in Alcorn Jackson University Mississippi Mississippi Mississippi Delta University University Off-campus Institutions these Medical throughout constitutional of nonprofit 2012. Board corporations the the unit and appointed in Governmental the - funds State 43 three of presented length Institutions State new 1943 of are seven of State by - construction Mississippi (collectively meets Center the Inc. of of of is the Valley State University of for the included University current appointments entity corporation the University a Southern Mississippi Mississippi of to State Higher University the Mississippi from legally congressional Governor terms Board are POLICIES report monthly create University component and State benefit Accounting deemed Notes of Supreme the as Medical Learning for and “the separate, and provides various for Mississippi Mississippi University blended a Medical state-at-large. Women and and incorporated the of appointment of Code equipping IHL Board and to component Mississippi approved Center units: member districts, oversees Court Higher - Financial System”): Standards off-campus management tenures System tax-exempt Annotated Center component of reporting districts of has Trustees universities districts one facilities by in units The Office State the to established Board Learning the Statements the from be of centers eight entity. not for and Mississippi of units Senate 1972. University. gradually for the of State and terms for (GASB) each control public Board State of in State profit land and The the the for its of of of State of Mississippi Institutions of Higher Learning Notes to Financial Statements
NOTE I — SUMMARYOF SIGNIFICANTACCOUNTING POLICIES (Continued)
University of Mississippi Foundation The University of Mississippi Foundation is a legally separate! tax exempt not for profit non- stock corporation formed for the benefit of the University of Mississippi.
University of Southern Mississippi Foundation The University of Southern Mississippi Foundation is a not for profit entity formed to provide support to the University of Southern Mississippi and its students.
Although these universities do not control the timing or amount of receipts they receive from these foundations, the majority of the resources or income thereon that these foundations hold and invest are restricted to the activities of their respective universities by the donors.
The Mississippi State University Foundation, Inc., the University of Mississippi Foundation, and the University of Southern Mississippi Foundation each make distributions to their respective Universities for support. During the years ended June 30,2009 and 2008, support distributions were as follows: Forthe years ended June 30, 2009 2008
MississippiState UniversityFoundation,Inc. $ 17,875,592 $ 23,995,804 Universityof MississippiFoundation $ 37,484,939 $ 29,222,192 Universityof SouthernMississippiFoundation $ 8,133,099 $ 5,458,560
Nature of Operations Through its member universities, the IHL System serves the state, national and international communities by providing its students with academic instruction, by conducting research and other activities that advance fundamental knowledge and by disseminating knowledge to the people of Mississippi and throughout the world. Basis of Presentation The financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America as prescribed by the GASS, including Statement No. 34, Basic Financial Statements and Management’s Discussion and Analysis - for State and Local Governments, and Statement No. 35, Basic Financial Statements - and Management’s Discussion and Analysis - of Public Colleges and Universities, issued in June and November, 1999, respectively. Basis of Accounting The financial statements of the IHL System have been prepared in accordance with accounting principles generally accepted in the United States of America, including all applicable effective statements of the GASB and all statements of the Financial Accounting Standards Board through November 30, 1989, using the economic measurement focus and the accrual basis of accounting. Under the accrual basis, revenues are recognized when earned, and expenses are recorded when an obligation has been incurred. Allsignificant transactions among departments, campuses and auxiliary units of the IHLSystem have been eliminated. Cash Equivalents For purposes of the statements of cash flows, the IHLSystem considers all highlyliquidinvestments with an original maturity of three months or less to be cash equivalents.
- 44 - The NOTE financial amounts companies principles The occur period. securities, interest Use assets, contractual Significant System’s the the could there analyses and Medicare insured for adjustments making accordingly, claims Included evaluated particularly fiscal Accounts statements Accounts expenses Short-term governments, receivables Shad-term In recorded connection these University end IHL loss of preparation in year. is change I and Estimates Actual relating such workers’ rate, the a of System’s — statements adjustment of in and financial unpaid and net least requires SUMMARY it estimates the receivables made subsequent Receivables, contractual assets susceptible within investments were other near adjustments Investments is the at are estimates market of represent of by Medicaid results and at with reporting UMMC. to a an amount Mississippi
term reflected State compensation claims least of a available long-term reasonable pursuant the investments various and statements, material from allowance the management financial and expenses and also could IHL and reasonably OF liabilities adjustments, to and preparation consist the programs Accounts events at non-governmental are period. ultimately the and System’s credit change net
include of that in markets. SIGNIFICANT June to estimated for to amount differ liabilities Medical investments reported operations statements be possibility
estimated for Mississippi such are the establishing are fund, and through risks. of 30, The issued. doubtful the from in are to possible receivables invested paid determined universities’ patient tuition changes the 2009 of in disclosure Investment but Center make determination self-funded determinations are amounts extremely ultimate Due the those the will near these currently. that third-party December that in unpaid ACCOUNTING and accounts. near services. financial and that to sources, be the in estimates tort conformity term. could estimates. recorded various the are liabilities 2008 net more - using also of of resulting term. changes claims 45 grants securities lee
complex Institutions claim unemployment contingent revenues level not cost - materially Management of payor are or include statements In in charges 15, both of the types cash and addition, of connection estimates less fund. liabilities are of with and claims adequate liabilities in 2009 allowances all and POLICIES evaluations risk settlements, are the necessarily equivalents assumptions than of and claims amounts assets contracts. U.S. The affect Notes subject investment to associated exposed values payable which laws expenditures of such relating trust believes liabilities associated are students generally to with the and the
and of for and cover (Continued) to continually to fund, estimates. was of of due amounts reimbursement based IHL expenses Accounts include but
included uncollectible Higher liabilities interpretation. to Financial each investment to regulations that securities that with for from the several its the the and mature System, accepted with these liabilities during upon tort claim affect ultimate certain IHL estimates date reported reviewed, federal patient at as The incurred these liability receivables within risks, estimates the
System’s Learning and unpaid Statements and securities governing other accounts management the the the methods of accounting As established investment date net in programs statistical and in reporting allowable accounts fund reported financial such a the that and through various current the cost claims result, of state and, self- next and and IHL any will the are the are for as of NOTE year Student purpose Student in noncurrent Inventories These Inventories (“FIFO”) On education donations generally Collections Prepaid Prepaid or Cash, Restricted service noncurrent Endowment Endowment the include event stipulated like board. The Other 31, of Changes the Capital value price. Capital deferment revenues investment occasion, Accounting are an income date IHL 1 and inventories or cash Renovations Long-term endowment notes — presented payments, true of expenses assets Notes basis Assets Expenses System extend does of SUMMARY or in that paying to quasi-endowment assets consist assets, Cash donation. unrealized endowment of equivalents research. is investments status the its Investments receivables or the income future to not Receivables, are and State the member accounts the IHL tuition and be are on generally principal on capitalize Investments maintain recorded are of fund to or useful Financial average System the utilized; fiscal the generally OF Livestock buildings bookstore, in Cash expected The classified gain and funds, but and the statement statement of are consst SIGNIFICANT institutions). for life may periods. IHL consist (loss) sinking fee may statements at Equivalents their funds, may Mississippi cost short-term net Reporting generally its term of cost System which valued and be charges. for the investments to as be of obtain physical value on basis. expended endowment of educational of of which be improvements federal, or at structure noncurrent totally the are expenditures net net the at reserve paid is subject These in for collections of carrying ACCOUNTING investments the Loan not funds assets assets. are and date the plant, expended revenues, Certain state back lower required at are after funds financial balances - Restricted funds, of collections fair to assets received purposes funds, 46 Institutions as capitalized. value agriculture, acquisition, and beyond other the a of Investments - value of that current established stated cost at expenses art that or to institutional restrictions of in which presentation. are than any expected capitalize to from POLICIES or in investments the is or the are Short-term are period assets. purchase accordance historical related time adjusted buildings Notes market, Routine statements printing or, are a next externally usually and donor by and at if or funds to these of loans the donated, Those of to the fiscal for to (Continued) on changes be donor on treasures repairs projects, at or and are that with governing Investments discretion Higher held External the Financial paid with either year-end collections construct made for of restricted reported balances year significantly food the occurrence gift net at which for during GASS and in programs, the to fair restriction (usually are instruments. assets. service public Investment net board students maintenance of to first-in, as capital market Learning and the Statements the presented that Statement to the assets. reflect a increase make component of exhibition, next donor in to as are governing supplies. activities that a first-out practice or function value for private certain market either fiscal Pools. other They debt only the has No. as are the at allocated computed charged NOTE are useful Accounts include income Accounts or derived relating governmental Income income Each management, it to Deferred within include Deferred key Deposits liabilities Deposits capital Noncurrent funded Noncurrent IHL The termination that Government $65,398,000 the was the accrued capitalized programs deposits System. has IHL member end lives, granted one I earned lease taxes. certain through to from amounts — Taxes to been System that revenues refundable to payable Revenues of SUMMARY Refundable residences using Payable year, items operating salvage of liabilities the the a Liabilities and will and obligations, were Advances entity funded institution there trade exemption. IHL However, on as maintenance a fiscal functional are State the not participates received such combination post $65,570,000 and resources incurred. System’s include terminated and for values or is to be represent straight-line include with year and expense accrued no OF as business breakage be tax paid of Accrued these Refundable significant of interest, (2) paid from other SIGNIFICANT Federal but amounts the expenditure No purposes. and Interest within participation set and (1) in estimated Mississippi of income related IHL institutions has liabilities good from as capitalization grant in the aside regularly auxiliary principal Federal deposits replacement method the wages, of Liabilities System the funds been Federal expense received funds amount faith June and to for As year tax next categories. generally the amounts presented and this is activity carried in ACCOUNTING deposits such, amounts contract do provision over in and that 30, is fiscal ultimately the in subsequent Perkins the considered of remain for thresholds. purpose, institutional relating which 2009 - reserves salaries. are taxes the programs. they 47 tuition residence facilities. Institutions on year; consist for from sponsors - classified of as See estimated has and and Loan subject are the on refundable accrued to revenue and other if and students that accounting been not material. construction generally an 2008, such Note Expenditures resources. of expense POLICIES and (3) The halls fees agency amounts in to long-term that have as Notes other recorded furtherance unrelated 6 compensated useful Nursing income bonds respectively. portion and noncurrent for of to to have Restricted been not was the the liabilities of period. reserve of additional certain The owed (Continued) to is the life payable, subject liabilities taxes for not member U.S. that Loan because, capitalized Higher incurred. established Financial business portion of State construction of to yet Deferred would housing auxiliary assets. cash Government that, the on the vendors, Programs, absences to been details notes and any and universities of purpose asset federal although and in Depreciation income. be these Learning net is income Statements the earned. revenues approximated activities assignments, to refundable payable investments treated contractors, concerning in fund and of opinion and which and programs progress forwhich upon interest payable that is of costs other state prior as also and not are the the of is is a if Twelve-month NOTE eight three Compensated There termination, to Nine-month earned. month for The according transactions Classification Operating value, and (1) (4) fellowships, include Non-operating are operating appropriations, and Auxiliary A revenues Included 2008, supporting One charge halls, may Patient Patient allowances payers, three uxiliaiy up student professional defined local 1HL Governmental to years distinguishing be to is 1 for food such respectively. 15 years There — a care no served 240 (1) System Care and enterprises grants eight fee in SUMMARY revenues to of years Enterprise revenues of tuition services, as requirement employees these in activities. net non-operating can the approximately employee and hours revenues service; directly of others GASB employees is Revenues purchases Absences to revenues of investment service; of incidentally and fees; State no of following be has 15 estimated Revenues employees and scholarship service; Entities of limit characteristic defined include years contracts; for No. typically related bookstore and 14 classified and accumulated OF Activities fees; Included are earn on compensation, 14 hospital that hours 9, has of and expenses earn criteria: SIGNIFICANT (5) of reported the That Reporting gifts 1/5 and $99,034,000 income as state by (2) to, major retroactive service; annual the Mississippi exist and depreciation are sales discounts accumulation an auxiliary and hours per annual although activities sales for its in Use and characteristics and of appropriations, exchange paid Expenditures medical to auxiliary month (4) revenues 15 and major at auxiliary of have leave Proprietary furnish grants per and and Cash clinical the goods other years for personal enterprises. interest revenue benefits, not and and month and ACCOUNTING for for estimated medical up services the expenses leave be Plows enterprise operating in enterprises necessarily are goods of of three or 15 to allowances; intercollegiate $81,491,000 and services taken, which characteristics sick - service services. 240 for years on leave of 48 Institutions Fund federally at gifts adjustments of expenses to leave. and non-exchange three or a - capital of leave. net hours Proprietary two eight rate and related services and auxiliary of Accounting, revenues. at revenues and rendered realizable is related equal service to or a POLICIES of Examples there At (3) that awarded years contributions. asset of for rate eight over, more 13 athletic retirement, as to Notes accumulated utilities, the they to, of to enterprises; due 1/3 of certain is and and of either years expense; related are students, entities 18 exchange Examples by the amounts years transactions. no 12 and hours service; are of to student programs. of hours Non-expendable over, (Continued) to UMMC, fees cost hours maximum supplies operating managed of future GASB operating capital Higher Financial these ended debt both per service; Non-operating of and 16 from per faculty, annual 16 (3) (2) of per financial the transactions. month including hours and audits, No.34, receive hours operating employees assets. and month sales most June The patients, scholarships month goods accumulation. Examples as revenues or 152/5 bond leave. or other Learning essentially for Statements per general nonoperating per federal, 30, for staff, such and reviews, are aid Trust or one for contractual month expenses. month expenses expenses hours residence third-party 2009 services; services. earned. sacrifice program are zero and as include of month These Funds public state state paid non- and self- are and per that and for At to
for
to
changes for
the
for
service relative of review to
DSU approximately other
Revenue previously Medicare a 30, program, thereof to
annual UMMC
Medicaid $5,424,000 intermediary based beneficiaries
liability patients’
Inpatient skilled Medicare
In rates, longer
$293239000 rendered,
Inpatient considered
revenue investigations,
NOTE
cost
notifications
reimburse
addition,
a
previous
the
overpayments
2009.
region
all
patient
and
services.
with
reimbursement
on
subject
year
of
nursing
I
years
cost
of
by
revenues accrued
to decreased
—
acuity.
and
in
acute
from
claims
intended
a
approximately
UPL,
these
the
fiscal
and
final
that
computed
SUMMARY
cost
Medicaid
for
in
reports during
estimates.
ended
classification
of
outpatient
are
outpatient
through
the
Medicare
$14,014,000
the
to
in
by
adjustments
includes
services
are
care
settlement
the
as
accounted
reimbursement
a
Certain
UMMC
claim eligible
intermediary.
2009 such
paid
for
State
Medicaid.
recognition
made
reserve
Medicare
to
June
2009,
intent
well
adjusted
submitted
approximately
services
the
identify
covered
rates
at
methodology
audits,
adjustments.
fiscal and
The
OF
services
services
intermediary.
the
for
is
for
in-patient
are
year
prospectively
30, $8,229,000.
as
UMMC by
system
determined
of
of
reimbursed
for
SIGNIFICANT
for
$268,501,000
the
outpatient
and
to
provision
State
and
the
These Medicare
2008. paid
in
and
approximately
and
ended
2007.
of
reviews
by
days.
outpatient
approximately
inpatient
Mississippi
review
future
$12,000,000,
revenue
During
methodology.
that
Medicaid
provision
UMMC
rendered
received
recover
at
substantially
that
of
non-acute
$20,183,000
notifications
for
prospectively
June
Mississippi
would
In
In
During
for
and
UMMC’s
determined
periods
is
to
renal
after
and
for
certain
2009,
2009,
2009
services
with
on
based
reopen
renal
doubtful
improper
30,
in
investigations.
ACCOUNTING
cost
programs,
to
notification
experience
for
be
submission
an
$9,160,000
dialysis
2008.
final
services
Medicaid
2008,
2009
respectively
27%
approximately
and
services
UMMC
-49
as
dialysis
applied
all
UMMC
estimated
Medicare
doubtful
reimbursable
on
centered
and
would
cost
as
outpatient
adjustments
settlement
Institutions
determined
accounts rates
-
clinical,
Medicare
and
2008,
and
services
a
$19,927,000,
UMMC
including
reports
and
repaid
that
result
is
retroactively
services
program
of
begin
and
approximately
of
46%,
per
for
accounts.
reimbursed
cost
basis
providers
around During
for
annual
UMMC
defined
POLICIES
the
diagnostic
potential
at
discharge.
services
netted
of
received
determined
potential the
payments
filed
$10,289,000
and
soon.
reports
services
respectively,
prospectively
per
Notes
Medicare
supplement
become
in
audited
for
beneficiaries
2009
Medicare
changes
the
as
cost
for
medical
accrued diem
respectively,
fiscal
against
back
being
As
rendered
a
for
claim
of
Retroactive
have
period
as
claim
(Continued)
to
and
reports
22% and
result
at
notification
These
to
Medicare
a
certain
rates
known
far
years
to
after
Higher
recovery
tentative
Financial
result
audited
healthcare
in
been
education
2008,
was
adjustments
other
program
of
2005
payments
and
adjustments revenue
additional the
back
determined
the
accrued
are
that
UMMCs
to
by
audits
rates
2003
services
related
repaid
or
audited
due
56%,
and
methodology
Medicare
net
factors.
UMMC
reimbursed
and
as
cost
adjustments
in
are
as
audit
rates
from
vary
to
2002
approximately
through
other patient
based
approximated
thereof
Learning
costs
Statements
providers,
decreases an
years
respectively,
for
to
based
adjustments
reports liabilities
services
net
rates and
at
as
contractor
and
as
estimated
based the according
Medicaid Medicaid
to
Inpatient
tentative
program
regions,
are
of
a
patient
upon
service
settled
are
adjust
by
audits
under
2006.
result
for
fiscal
June
upon
used
paid
and
the
are
are
on
for
no
all
of
in a State of Mississippi Institutions of Higher Learning
Notes to Financial Statements
NOTE I — SUMMARYOF SIGNIFICANTACCOUNTING POLICIES (Continued)
UMMC also entered into payment agreements with certain commercial insurance carriers, health maintenance organizations and preferred provider organizations. The basis for payment to UMMC under these agreements includes prospectively determined rates per discharge, discounts for established charges and prospectively determined daily rates. Scholarship Discounts and Allowances Financial aid to students is reported in the financial statements under the alternative method as prescribed by the National Association of College and University Business Officers (NACUBO). Certain aid, such as loans, funds provided to students as awarded by third parties and Federal Direct Lending, is accounted for as a third party payment (credited to the students account as ifthe student made the payment). All other aid is reflected in the financial statements as scholarship allowances, which reduce revenues, or as operating expenses. The amount reported as operating expenses represents the portion of aid that was provided to the student in the form of cash.
Scholarship allowances represent the portion of aid provided to the student in the form of reduced tuition. Under the alternative method, these amounts are computed on a university basis by allocating the cash payments to students, excluding payments for services, on the ratio of total aid to the aid not considered to be third party aid.
Net Assets Net assets are classified according to external donor restrictions or availability of assets for satisfaction of university obligations. Nonexpendable restricted net assets are gifts that have been received for endowment purposes, the corpus of which cannot be expended. Expendable restricted net assets represent funds that have been gifted for specific purposes and institutional funds used for federal loan programs.
The unrestricted net assets of the IHLSystem include certain amounts which have been designated for financial resource utilization in future periods. Unrestricted net assets include designations as of June 30, 2009 and 2008, as follows: Asof June 30, 2009 2008
Academic programs and research $ 9,980,187 $ 16,536,585 Auxiliaryoperations, renewals and replacements 36,466,899 34,890,224 Capital projects 101,654,176 50,224,255 Debt services 8,597,972 1,879,852 Designated projects 79,050,428 66,562,750 Encumbrances 55,105,473 59,665,592 Quasi-endowments 14,935,110 17,761,411 Repairs and maintenance 8,374,569 8,232,890 Undesignated 305,579,796 323,544,024 S 619,744,610 $ 579,297,583
Future Accounting Pronouncements In June 2007, GASB issued Statement No. 51, Accounting and Financial Reporting of Intangible Assets. The objective of this statement is to establish accounting and financial reporting requirements for intangible assets to reduce inconsistencies in recognition, measurement, and
- 50 - determining excluded amortization NOTE to the fair other have land Investments In periods. reported Derivative determine accrual financial specifically 1, assets affect information effective In effective period year value classified reporting future comprise June requirements constraints In Management Reciassifications Government method Certain November June 2009 determine value March IHL and beginning an real 15, of current 1 statements to or System basis 2008, with reclassificafions — indefinite of at statements which those hedges other as hedge 2010. period. estate by a as SUMMARY whether the Instruments. 2009, fair presentation. requires the investment regarding hierarchy by of imposed any 2007, its Fund fair investment of has of investment the balance value. intangible real they derivative Endowments. July for useful accounting. investments scope GASB
or State that changes value, The the GASS useful not will the a the Type estate are relate. 1, that derivative governments completed are GASB have requirements based GASB OF life upon 2009. derivative fiscal GASB This sheet. income No. associated be and life, issued have are Definitions. derivative
assets. of achieved revenue, instruments of SIGNIFICANT held The made classified on 54 The statement an No, year prepared and the at other primarily issued
This Mississippi issued been Derivative the instrument are changes and fair as intangible GASB new 52 its This to instruments therefore use beginning statement investments IHL to effective value. information evaluations with is but to with instruments comply made of GASS This standard effective measure GASB statement disclose as using are on addresses of GASB System’s Statement are derivative in investments ACCOUNTING capital instruments Governments the will the statement asset to fair reported should Statement instead with July for the the establishes Statement No. result extent entered value provides - for resources the that to by most the 51 or economic for 2008 this financial
requires Institutions 1, assets. the the determine 53 No. methods not requiring - instruments if 2009. IRL in financial reported as they of the establishes to are statement recognition, derivative IHL that an financial 53, that be No. these into part specific which System also intangible effective effective consistent No. currently that POLICIES amortized. System condition This Accounting reported 52, resources are either by and of endowments the hedging are reporting as Notes all 54, Land a investment state already will statement statements criteria treated significant effect, for instruments government deferrals required intangible fund for do measurement, for hedge. Fund asset present be
or of the and in standards the (Continued) to GASB and the measurement not derivative and results balance recognized that purposes. if government fiscal
reported Higher as Other Financial fiscal any, should Balance IHL meet Changes to local to in Financial provides assumptions governments revenue an to assets for No. report report the at System is the year of conform Real year adjustment for classifications other governments instruments the bound fair 51 operations. be statement and adoption at Changes the in not the beginning Reporting Estate
beginning is Learning their in considered criteria Statements fair focus in value guidance Reporting the funds. disclosure investments for effective fair reporting specifically changes to the to employed value will land reporting the the value observe Held and of of in current for do use of in these fiscal 2009 prior their after and July and The that and are the net fair for not on for for as an to of of in to State of Mississippi Institutions of Higher Learning
Notes to Financial Statements
NOTE 2— PRIOR PERIOD ADJUSTMENTS
For the year ended June 30, 2008, the IHLSystem recorded prior period adjustments which reduced net assets, as previously reported, by $5,513,926. These prior period adjustments resulted from corrections of errors as follows:
Adjustments to capital assets $ 6,405,518 Other corrections (891,592) Total $ 5,513926
NOTE 3—CASH AND INVESTMENTS
Cash, Cash Equivalents and Short-term Investments Investment policies as set forth by Board of Trustees policy and state statute authohze the universities to invest in demand deposits and interest-bearing time deposits such as savings accounts, certificates of deposit, money market funds, U.S. Treasury bills and notes, and repurchase agreements
Custodial Credit RiskS Deposits Custodial credit risk is the risk that in the event of the failure of a financial institution! the IHLSystem willnot be able to recover deposits or collateral securities that are in the possession of an outside party. The IHL System does not have a formal policy for custodial credit risk. However, the Mississippi State Treasurer manages risk on behalf of the IHL System. Deposits above EDIC coverage are collateralized by the pledging financial institution’s trust department or agent in the name of the Mississippi State Treasurer on behalf of the IHLSystem.
The collateral for public entities’ deposits in financial institutions is held under a program governed by Section 27-105-5 of the Mississippi Code Annotated (1972). Under this program, the IHL System’s funds are protected through a collateral pool administered by the State Treasurer. Financial institutions holding deposits of public funds must pledge securities as collateral against these deposits. In the event of failure of a financial institution, securities pledged by that institution would be liquidated by the State Treasurer to replace the public deposits not covered by the Federal Depository Insurance Corporation. Investments Investment policies as set forth by Board policy as authorized by Section 37-101-15, Mississippi Code Annotated (1972), authorizes the universities to invest in equity securities, bonds and other securities. Investments are reported at fair value (market).
- 52 -
The
and
The NOTE
As
Custodial
and approximately failure Per
counterparts
custodial does investment
As
Short-term
Noncurrent
Asset Commercial
Corporate Certificates
Collateralized U.S.
Money U.S.
Municipal
Miscellaneous Domestic
Guaranteed Fixed
Land
Equity
Domestic International of
of
Total
Total
Other Endowment
Restricted
following
2008:
following
GASS June June
June
not
3—
Treasury
Government
of
grant
income
backed
hedge
market
the long-term
30, credit
30,
presently
30,
CASH
Credit
Statement
or
equity
equity bonds
bonds
investments
counterparty
assets:
principle
of table
table
2008,
short-term
mortgage
investment
collateral
equity
$20,583,000
trust
funds
mutual
securities
mortgage investments
deposit
obligations
funds
risk
State
AND
securities
mutual
Risk
and
summarizes
agency
presents
investments
department
have
respectively.
if
mutual
funds
No.
the
INVESTMENTS
notes
securities
backed investments
-
funds
contract
obligations
of
to
a
current
securities
obligations
40,
funds
and
formal
a
the
Mississippi
transaction,
custodial
the
securities
or
fair
$26,121,000
assets
that
agent,
fair
policy
value
are
are
values
(Continued)
credit
uninsured
but
for
a
of
in
government
the
investments
not
were of custodial
-
risk
53
the
possession
Institutions held
-
is
exposed
IHL
and
defined
in
Systems
credit
will
the
unregistered
by
$
$
not
$
of
type
government’s
$
to
Notes
as
risk.
an
custodial
157,961,394
163,888,934
538,342,122 205,048,500
be
172,032,226
179,730,566
538,342,122
the
11,443,294
investments
at
11,632,429
20,741,363
31,501,578
11,674,207
35,183,021
28,361,379
13,822,819
11,008,215 10,474,331
2009
outside
2009
6,703,097
2,892,885
1,340,068
able
of
June
742,547
Investments
501,391
to
risk
with
Higher
to
Financial
risk
that,
30,
party.
recover
name. securities
-
as
2009
as
in
$
S
of
$
$
of
The
the
are
the
Investments
June
Learning
June
and
Statements
507,871.807 105,722,484
213,804,913
179,379,213
202,442,680
114,981,696
507.871,807
event
48,474,690
32,711,280
36,610,752
24,020,113 11,629,042
11,301,749
2008
IHL
held exposed
value
2008
8,965,197
4,672,303
2,534,057
2,969.559
3.402,500
1,096,439
5,179,164
3,797,117
1,340,068
2008:
708,598
30,2009
30,
System
by
of
of
2009
the
the
the
of to NOTE Interest
interest Per presently
IHL As
Investmenttype
U.S.
Corporate U.S.
Commercial Collateralized Asset Total Bond
Municipal As
U.S. Guaranteed Corporate
U.S. Commercial
Asset Collateralized Bond Total Municipal
agency
notes backed obligations
agency contract of
notes
backed obligations
GASB of
System
Government Treasury June
Government
Treasury June
mutual
backed 3—
mutual
backed
rate
Rate
obligations
have
securities
bonds
obligations 30.
bonds
CASH securities
bonds Statement 30,
bonds
mortgage had
investment
funds
variances
mortgage
funds 2009
mortgage obligations securities
2008
Risk mortgage
obligations securities
a
and
the
State
and
formal
AND
following
No.
INVESTMENTS
adversely
policy
40,
$
of
$
S
S
179,730,566
265,618,672
202.442.680
263.429.518
11,632,429
20,741,363
31,501,578 11,674,207
interest
32,711.280
11,629,042 Value
6,703,097
investments Mississippi
2,892,885
that
Fair
3,797,117
4,672,303 1.096.439
2.969.559 3.402,500
742,547
708,598
affect
addresses
rate
(Continued)
the
$
risk
$
$
$
subject
fair
11,296,953
19,020,482
30,700.939 thanl
35.525,501
2,346,875
5,066,518 interest
is
Less
3,028.354
1,058.835
270,183 -
731,695
defined
value
39,953
Institutions 54
5,678
to -
interest
rate - - - - -
of - -
Investment
as
$
$
$
investments.
S
116,866,875 risk.
143,086,385
the
122,334,474
11,404,024
11,000,743
96,419,257
17,141,856
3,268,079
3.797,117
1-5
2,899,738
rate
1,409.244
Notes
284,252
129,250 133,162
risk
333,472
143,008
As 190,782
Maturities
risk:
of
a
of
government
June
to -
The
$
Higher
$
$72,515,747
Financial
S
58,871,038
83,329,741 20,460,882
89,414.746 12,200.893
30,
2,892,885
6-10
3,402,500
(in
IHL
588,246 482,073
526,824 243,827
501
34,617
23,475
2009
years)
System
.480
may - - -
Learning -
and
Statements
$
face
$
$
$
20,182,064 12,406,766
than 2008,
15,154,797
does
1,645,778
6,087,862
2.806,737
4,237,694 More
8,729,304
should
340,177
16,607 25,051
33,088
10
7797
the
not ------State of Mississippi Institutions of Higher Learning
Notes to Financial Statements
NOTE 3—CASH AND INVESTMENTS(Continued)
Credit Risk Credit risk is the risk that an insurer or other counterparty to an investment will not fulfill its obligations. The IHLSystem does not presently have a formal policy that addresses credit risk. As of June 30, 2009 and 2008, the IHLSystem had the following exposure to investment credit risk:
As ofJune 30, 2009 2008
Credit Rating Fair Value Fair Value
MA $ 167.671.579 $176372651 Aaa 10,819,033 27,248,249 Aal 6,337 10,112 Aa2 19.361 9,087 Aa3 1,576,105 851,176 AA 6.109.452 130,496 Al 15.473 4,036 A2 29,136 36,321 A3 17,541,587 264,145 A 4,441,801 201,142 Baal - 3,785 Baa2 4,058 6,936 BBS 10.447 10,272 Rating not available 57,374,3C3 58,281,110
Total $ 265,618,672 $ 263,429,518
The credit risk ratings listed above are issued upon standards set by Standards and Poor’s or Moody’s Ratings Services.
Concentration of Credit Risk Per GASS Statement No. 40, concentration of credit risk is defined as the risk of loss attributed to the magnitude of a government’s investment in a single issuer. The IHLSystem does not presently have a formal policy that addresses concentration of credit risk. The IHLSystem had the following investments that represent more than 5 percent of net investments as of June 30, 2009 and 2008:
Asof June 30, 2009 Issuer Fair Value Percentage
Federal Home Loan Bank notes $ 44,169,552 8.20% Federal Home Loan Mortgage Corporation notes 39,671,356 7.37% Federal National Mortgage Association notes 83,780,872 11.85%
- 55- State of Mississippi Institutions of Higher Learning
Notes to Financial Statements
NOTE 3— CASK AND INVESTMENTS (Continued)
Asof June 30, 2008 Issuer Fair Value Percentage Federal Home Loan Bank notes $ 70.495,035 1388% Federal Home Loan Mortgage Corporation notes 59,146,517 11.65% Federal National Mortgage Association notes 32165072 6.33%
Foreign Currency Risk Per GASB Statement No. 40, the foreign currency risk is defined as the risk that changes in exchange rates will adversely affect the fair value of an investment. The IHL System does not presently have a formal policy that addresses foreign currency risk. The IHLSystem’s exposure to foreign currency risk is limited to investments in global or pooled non-U.S. equity mutual funds which approximated $13,823,000 and $24,020,000 at June 30, 2009 and 2008, respectively.
NOTE 4—ACCOUNTS RECEIVABLE
Accounts receivable of the IHLSystem consisted of the following as of June 30, 2009 and 2008:
As of June 30, 2009 2008
Student tuition $ 63,530,472 $ 60,231,897 Auxiliaryenterprises and other operating activities 19,906,537 17,827,522 Contributions and gifts 20,654,515 15,239,690 Federal, state, and private grants and contracts 113,372,970 112,846,545 State appropriations 18,226,726 14,408,129 Accrued interest 3,090,343 3,386,772 Patient income 2,218,900,069 1909,425,307 Other 11,185,350 8,881,229 Total account receivable 2,468,866,982 2,142,247,091 Less allowance for doubtful accounts (2,176,094,641) (1,879,748,383)
Net accounts receivable $ 292,772,341 $ 262,498.708
As a component unit of the State of Mississippi, the IHL System is precluded by statute from discharging amounts owed. Accordingly, gross accounts receivables and the allowance fordoubtful accounts include amounts considered to be 100% uncollectible and fullyreserved in a prior year.
- 56 - State of Mississippi Institutions of Higher Learning
Notes to Financial Statements
NOTE 5— NOTES RECEIVABLE FROM STUDENTS
Notes receivable from students are payable in installments over a period of up to ten years, commencing three to twelve months from the date of separation from one of the IHL System’s institutions. The following is a schedule of interest rates and unpaid balances for the different types of notes receivable held by the IHL System as of June 30, 2009 and 2008: Interest June 30, Current Non-current Rates 2009 Portion Portion
Perkins student loans 3% to 9% $ 77,190,126 $ 7,871,457 $ 69,318,668 Nursing student loans 3% to 9% 436,529 77,107 359,422 Other federal loans 3% to 9% 3,287,060 1,720,068 1,566,992 Institutionalloans 0%to9% 58,205,408 5,521,255 52,684,153 Medicalstudent loans 3% to 9% 165,742 22,977 142,765 Dental student loans 3% to 9% 373,471 20,559 352,912
Total notes receivable 139,658,335 15,233,423 124,424,912
Less allowance for doubtful accounts (17,186,431) (3,748,054) (13,438,377)
Net notes receivable $ 122,471,904 $ 11,485,369 $ 110,986,535
Interest June 30, Current Non-current Rates 2008 Portion Portion
Perkins student loans 3% to 9% S 74,172,090 $ 7,595.644 $ 66.576.446 Nursing student loans 3% to 9% 533.797 80.428 453,369 Otherfederal loans 3%to9% 3,209,412 1,699.807 1,509.605 Institutionalloans 0% to 9% 57,312,989 4,522.918 52.790.071 Medicalstudent loans 3% to 9% 221,416 39,881 181,535 Dental student loans 3%to9% 369,715 21,401 348,314
Total notes receivable 135,819,419 13.960,079 121,859.340
Less allowance for doubtful accounts (16,269,647) (3,744,058) (12,525,589)
Net notes receivable $ 119,549,772 $ 10,216,021 $ 109,333,751
- 57 - State of Mississippi Institutions of Higher Learning
Notes to Financial Statements
NOTE 6—CAPITALASSETS
A summary of changes in capital assets of the IHL System for the years ended June 30, 2009 and 2008. are presented as follows:
As of june 30. 2009
Beginning Ending Balance Additions Deletions Balance
Nondepreciable capital assets Land S 58,019.988 S 1622.647 S 560,000 $ 59,082,635 Construction in progress 381.889.452 174.919348 172.085190 384,723,610 Livestock 1.618.807 130.334 99,328 1,649,813
Total nondepreciable capital assets 441 .528,247 176,672,329 172,744,518 445,456,058
Depreciable capital assets Improvements other than buildings 205,157,717 33,004,007 - 238,161,724 BuildingS 2,030,614,868 155,594,116 3,412,415 2,182,796,569 Equipment 519,297,833 53,242,943 30,909,410 541,631,366 Library books 300,049,479 14,596,883 388,531 314,257,831
Total depreciable assets 3,055,119,897 256,437,949 34,710,356 3,276,847,490
Less accumulated depreciation Improvements other than buildings 61580,905 7873,951 84296 69,370,560 Buildings 505,351080 40,332,695 2,918,993 542,764,782 Equipment 350,148,140 46,672,521 31,185,892 365,634,769 Library books 233,032,041 14,649,220 388531 247,292,730
Total accumulated
depreciation 1,150,11 2,166 109,528.387 34,577.712 1225,062,841
Total depreciable capital assets 1.905.007,731 146,909,562 132,644 2,051,784,649
Capital assets, net $ 2.346,535,978 $ 323,581,891 $ 172,877,162 $ 2,497,240,707
- 58 - NOTE As As depreciation Total construction cost Nondepreciable Prior Depreciable Total Total Less Capital Construction Land assets Livestock Total Library Equipment Buildings Improvements Buildings Improvements depreciation Library Equipment assets of of buildings buildings June nondepreciable accumulated accumulated depreciable of June period 6— depreciable assets, books books basis 30. CAPITAL capital 30, 2008 in in of adjustments net other other capital progress of 2009 captal progress, approximately assets
depreciation State assets capital approximately than than and ASSETS assets $ $ 2008,
capital of 2,811,491,810 1.841,101 Beginning 2,164,689,010 1,074,865,712 in 1.736.626,098 Balance 428,062,912 374,902,734 284,626,803 471,321,826 497,883,743 219,185,855 1 329,795,946 51,444,157 87,879.399
54,562,085 Mississippi 2008 $9,944,000 (Continued) 1,716,021 capital assets $36,349,000 865 were assets and $ $ and recorded 206,084,020 Additions 199,339,233 276,524,386 197.907,419 382,578,051 176.494,031 1 accumulated 46,314,373 42,711,847 35,566,848 16.158.174 16,144,420 00,030,355 14,556.079 6,576,630 included 7,195,581 - $8,541,000, 168,157 and
59 Institutions - $42,914,000, to assets $ correct $ depreciation. Deletions 192,662,749 192,928,919 207,136,601 respectively. 41,092,649 30,784.990 24,192,366 26,884,967 14 9.224.733 1,537,594 Notes under 265,371 266.758 978.246 816,168 207,682 176,761 prior 799
respectively of capital to years Adjustments $
Prior Higher $ Financial 5,884,707 8,196,350 6.095.284 2,101,066 1.386.902 6,405,518 1,832,713 310,234 leases 310,234 830,317 268,353 Period 94,424 errors and - - - -
with Learning Statements accumulated $ in $ an 2.030,61 3,055,11 2,346,535,978 1,150,112,166 1,905.007,731 recording Balance 441528,247 381,589,452 Ending 205.1 300,049,479 51 233.032,041 350,148,140 505,351,080 58,019,988 61,580,905 original 9.297,833 1,618,807 57,717 4,868 9,897 State of Mississippi Institutions of Higher Learning
Notes to Financial Statements
NOTE 6—CAPITAL ASSETS (Continued)
Depreciation is computed on a straight-line basis with the exception of the library books category, which is computed using a composite method. The following useful lives, salvage values and capitalization thresholds are used to compute depreciation:
Estimated Salvage Capitalization Useful Lives Value Threshold
Buildings 40 years 20% $ 50000 Improvements other than buildings 20 years 20% 25,000 Equipment 3- 15years 1-10% 5.000 Library books 10 years 0% -
NOTE 7— ACCOUNTS PAYABLE AND ACCRUED LIABILITIES
Accounts payable and accrued liabilities consisted of the following as of June 30, 2009 and 2008:
Asof June 30. 2009 2008
Payable to vendors and contractors $ 81,720,082 $ 72,722,229 Accrued salaries, wages and employee withholdings 65,226,131 63,175,135 Accrued interest 2,675,442 2,027,592 Other 4,975,385 5,992.296
Total $ 154,597,040 $ 143917.252
NOTE 8— DEFERRED REVENUES
Deferred revenues consisted of the following as of June 30, 2009 and 2008:
As ofJune 30. 2009 2008
Unearned summer school revenue $ 18,382,384 $ 19,245,671 Unearned grants and contract revenue 5,348,478 13,816,413 Other, principallyathletic activities 19,931,247 18,522,076
Total $ 43,662,109 $ 51,584,166
- 60 - State of Mississippi Institutions of Higher Learning
Notes to Financial Statements
NOTE 9— LONG-TERM LIABILITIES
Long-term liabilities of the IHL System consists of notes and bonds payable, capital lease obligations and certain other liabilities that are expected to be liquidated at least one yearfrom June 30, 2009 and 2008, respectively. The various leases cover a period not to exceed five years. The IHLSystem has the option to prepay all outstanding obligations less any unearned interest to fully satisfy the obligation. There is also a fiscal funding addendum stating that if funds are not appropriated for periodic payment for any future fiscal period, the lessee willnot be obligated to pay the remainder of the total payments due beyond the end of the current fiscal period.
Information regarding original issue amounts, interest rates and maturity dates for bonds, notes and capital leases relative to the long-term liabilities for each of the universities withinthe IHLSystem as of June 30, 2009 and 2008, is listed in the following schedule.
-61 State of Mississippi Institutions of Higher Learning
Notes to Financial Statements
NOTE 9 — LONG-TERM LIABILITIES (Continued)
Year Ended June 30 2009 Annual Due Original Interest Beginning Ending Within Balance One Year Description and purpose Issue Rate Maturity Balance Additions Deletions
ALCORN STATE UNIVERSITY Bonded debt 125,000 60.000 1996 Nursing Dormitory Bonds $ 660,000 45-6.5% 2011 $ 235.000 $ - $ 110,000 $ $
- 1,193 - 1,193 1997 Presidents Home Bonds 950,000 6.55% 2009 1.193 61,193 - 126,193 Total bonded debt 236,193 110,000
Other long-term liabilities
- 1,806,267 Accrued leave liabilities 3,599.201 87,058 3,686,259
- - 642,601 Deposits refundable 929,433 286,832 4,328,860 1,806,267 Total other long-term liabilities 4,528,634 87,058 286832
Total $ 4,764,827 $ 87,058 $ 396,832 4,455,053 $ 1,867.460
Due within one year 1,867,460
Total long-term liabilities $ 2,587,593
- 62 - State of Mississippi Institutions of Higher Learning
Notes to Financial Statements
NOTE 9 — LONG-TERM LIABILITIES (Continued)
Year Ended June 30. 2009 Annual Due Original Interest Beginning Ending Within Description and purpose Issue Rate Maturity Balance Additions Deletions Balance One Year
DELTA STATE UNIVERSITY Bonded debt Student Housing Bonds: 163,129 60,001 1991 Series $ 2,259,631 5.00% 2011 $ 226,449 $ - $ 63,320 $ $
1998 Series 3,900,000 3.40- 5.00% 2018 3,140,000 - 100,000 3,040,000 100,000 2003 Series 2,475,000 3.00-4.25% 2023 2,185,000 100,000 2,085,000 105,000
Total bonded debt 5,551,449 - 263.320 5.288,129 265.001
Capital leases Various equipment 1,177,580 - 716,745 460,835 133,357
Other Long-term liabilities and notes payable Accrued leave liabilities 1,694,702 197,902 24,843 1,867,761 162,859 Deposits refundable 149,183 1,586,364 1,635,632 99,915 19,983
- 9,826 - 9,826 9,826 Notes payable - CbS Foundation
- Other 1,809,187 - 820 1,808.367
Total other long-term liabilities and notes payable 3,662,898 1,784,266 1,671,121 3,776,043 182,842
Total $10,391,927 $ 1,784,266 $ 2,651,186 9,525,007 $ 581,200
Due within one year 581,200
Total long-term liabilities $ 8.943.807
- 63 - State of Mississippi Institutions of Higher Learning
Notes to Financial Statements
NOTE 9 — LONG-TERM LIABILITIES (Continued)
Year Ending June 30, 2009 Annual Due Original Interest Beginning Ending Within Balance One Year Description and purpose Issue Rate Maturity Balance Additions Deletions
JACKSON STATE UNIVERSITY Bonded debt McAllister / Whitesice Revenue 120,000 1,780,000 $ 125,000 Bonds $ 4,000,000 1 00% - 3.00% 2020 $ 1,900,000 $ $ $ Student Life Center Revenue 120,557 456,669 135,556 Bonds 12,000,000 3.00% - 5.13% 2013 577,226 Campus Facñities Bond 2004 A 40,065,000 variable 2034 126,321 126321 335,000 11.665,000 350,000 Campus Facilities Bond 2006 A 12,000,000 3.50% - 4.25% 2031 12,000,000 24,001440 600,000 Campus Facilities Bond 2004 B 24,875.000 5.00% 2034 24.664,674 663,234 581,737 Campus Facilities Bond 2007 48,165,000 5.00% 2034 53,544,677 571,588 52,973,089 Other borrowings 1,900,000 5.00% 2034 1,900,000 1,900,000
92,902.519 1,792.293 Total bonded debt 92,81 2,895 1.900,000 1,810,379
Other long-term liabikties and notes payaole Accrued leave liabilities 3,265,588 1,118,170 - 4,383,758 315,631
- Deposits refundable 32,444 - 5,796 26,648 79,463 Notes payable 1,206,314 - 77,132 1,129,182
- Other 1,554,522 72,425 - 1,626,947
7.166,535 395,094 Total other long-term liabilities and nctes payable 6,058.868 1,190,595 82,928
Total $ 98.871.766 $ 3,090,595 $ 1,893,307 100,069,054 $ 2,187,387
Due wtthin one year 2,187, 387
Total long-term haoilities S 97 881 667
- 64 - State of Mississippi Institutions of Higher Learning
Notes to Financial Statements
NOTE 9 — LONG-TERM LIABILITIES (Continued) Year Ended June 30, 2009 Annual Due Original Interest Beginning Ending Within Description and purpose Issue Rate Maturity Balance Additions Deletions Balance One Year
MISSISSIPPI STATE UNIVERSITY Bonded debt Dormitory System Revenue 970,000 70,000 Bonds $ 2,250,000 300% 2020 $ 1,035,000 $ - $ 65,000 $ $ Student Apartment Bonds 2.038.000 3.00% 2021 1,030,000 - 60.000 970.000 60,000
24,660,000 - 17,555.000 7.105,000 1.080,000 EBC - Revenue Bonds 31,865.000 3.75% to 5.25% 2024
- 835,000 11,700,000 875.000 EBC - Revenue Bonds 16,920.000 4.00% to 5.50% 2026 12,535,000
- 500.000 14,810,000 515,000 EBC - Revenue Bonds 17,000.000 2.00% to 5.00% 2028 15,310.000
26,015,000 - 1,560,000 24,455,000 1,335,000 EBC - Revenue Bonds 28,790,000 2.00% to 5.00% 2030
56,735,000 - 1,390,000 55,345,000 1,430,000 EBC - Revenue Bonds 58,965,000 4.00% to 5.00% 2035
6,110,000 - 190,000 5,920,000 195,000 EBC - Revenue Bonds 6,110,000 4.50% to 4.75% 2028
- - 29,615,000 29,615,000 EBC - Revenue Bonds 29,615,000 3.00% to 5.25% 2039
- 17,105,000 17,105,000 EBC - Revenue Bonds 17,105,000 3:00% to 5.25% 2024
Total bonded deot 143.430,000 46,720.000 22,155.000 167.995.000 5.560.000
Capital leases
Various equipment 1,775,954 - 1,030,256 745,698 507,675 Other long-term liabilities
Accrued leave liabilities 20,775,028 570,621 - 21,345,649 1,482,835
- Deposits refundable 82,240 4,060 - 86,300
- Other 15.363.492 - 21,005 15,342.487
Total other long-term liabilities 36.220,760 574,681 21,005 36,774,436 1,482,835
Towl $ 181,426:714 $47,294,681 $ 23,206,261 205,515,134 $ 7,550,510
Due within one year 7,550,510
Tolal long-term liabilities $ 197,964,624
-65- State of Mississippi Institutions of Higher Learning
Notes to Financial Statements
NOTE 9 — LONG-TERM LIABILITIES (Continued)
Year Ended June 30, 2009 Annual Due Original Interest Beginning Ending Within Deletions Balance One Year Description and purpose Issue Rate Maturity Balance Additions
MISSISSIPPI UNIVERSITY FOR WOMEN Capital leases 471,953 $ 215,895 - 244362 Various equipment $ 716,315 $ $ $
Other long-term liabilities 4,282 1,023,436 43,291 Accrued leave liabilities 983,303 44,415
- - 14,834 1,545:371 Other 1,560,205 19,116 2,568,807 43,291 Total other long-term liabilities 2,543,508 44,415 259,186 Total $ 3,259,823 $ 44,415 $ 263,478 3,040,760 $
Due within one year 259.186
Total long-term liabilities $ 2,781,574
- 66 - State of Mississippi Institutions of Higher Learning
Notes to Financial Statements
NOTE 9 — LONG-TERM LIABILITIES (Continued)
Year Ended June 30, 2009 Annual Due Original Interest Beginning Ending Within Description and purpose Issue Rate Maturity Balance Additions Deletions Balance One_Year
MISSISSIPPI VALLEY STATE UNIVERSITY Bonded debt EBC Bonds, 2007 Series 19,015,000 4.0% to 4.50% 2037 18,905,000 - 105,000 18800,000 135,000
Tota banded oebt 18,905,000 - 105,000 18.800.000 135.000
Other long-term liabllilies Accrued leave liabilities 1,893,353 3,926 1,897,279 173,056 Deposits refundable 228,824 34,936 193,888
Total other long-term liabilities 2,122,177 3,926 34,936 2, 09 1! 167 173! 056
Total $ 21,027.177 S 3,926 S 139,936 20, 89 1. 167 $ 308.056
Due within one year 308. 056
Total long-term liabUibes $ 20,583111
-67- State of Mississippi Institutions of Higher Learning
Notes to Financial Statements
NOTE 9— LONG-TERM LIABILITIES (Continued)
Year ended June 30, 2009 Annual Due Original Interest Beginning Ending Within Balance One Year Description and purpose Issue Rate Maturity Balance Additions Deletions
UNi’JERSITY OF MiSSISSiPPI
Bonded debt General Revenue Bonds
- - 70000 Series 1968 E $ 3,000,000 3 00% 2008 $ 70,000 $ $ $ $ 615,000 615,000 Series 1959 12220.003 4.75% to 5 25% 2Q18 1.200.000 585,000 6,795,000 1,040,000 Series 2002 13,090.000 4.00% to 5 00% 2017 7.795,000 1.000.000 9,720,000 580.000 Series 2005 10,965.000 3.00% to 3.75% 2027 10,285,000 565,000 16,050,000 635,000 Series 2006A 17,985,000 4.00% to 5.00% 2025 16,655,000 605,000
- 15,910,000 815,000 Series 2006B-1 17,290,000 3.50% to 5.00% 2026 16,695,000 785,000
- 29,785,000 705,000 Series 2008A 29,785,000 3.00% to 5 00% 2034 - 29,785,000
- - 19,870,000 Series 2009A 19,870,000 2.125% to 4.50% 2030 - 19,870,000
- 24,165,000 1,685.000 Series 2009B 24,164.000 3.00% to 5.00% 2021 - 24,165.000 Variable Rate Demand Bonds Series 2000A 34 700.000 5.00% 2020 26.825,000 26,825,000 Series 2006B-2 4,075,000 1.58% 2026 4,075,000 4,075,000 - 126985,000 6,075,000 Total bonded debt 83600,000 73,820,000 30435,000
Other long-term liabilities and notes payable 726 964,000 Accnie leave liabilities 11:359.126 1.529,131 975,531 11.912
- Deposits refundable 105,305 2.350 - 107655
- 251,778 Notes payable 1,883,123 129,259 1,753,864
- Other 9,264,000 - 5,000 9,259000 1,21 5778 Total other long-term habilities and notes payable 22,611,554 1,531,481 1,109,790 23,033,245 Total 75,351,481 $31,544 790 150.018.245 $ 7290778 $ 106,211 554 $ =
Due within one year 7,290.778
Total tong-term liabilities $ 142,727,467
- 68 - State of Mississippi Institutions of Higher Learning
Notes to Financial Statements
NOTE 9— LONG-TERM LIABILITIES (Continued)
Year Ended June 30, 2009 Annual Due Original Interest Beginning Ending Within Description and purpose Issue Rate Maturity balance Additions Deletions Balance One Year
UNIVERSITY OF SOUTHERN MISSISSIPPI Bonded debt
Payne Center Bonds $ 5,117.877 4 75% to 600% 2015 $ 2 790,000 $ - $ 290,000 $ 2,500 000 $ 305,000 Technology Improvement Bonds 1.970 000 3 50% to 5.75% 2021 255,000 - 80.000 175.000 85,000
University Improvements 3,040.000 3.50% to 5.50% 2021 395,000 - 125.000 270.000 130.000 Student Life Center &
International Educ Center 17,285.000 3.00% to 5.38% 2022 3,030,000 - 715,000 2315 000 740,000
The Village 18 725.000 3.625% to 5.00% 2032 18,200,000 - 115,000 18.085,000 145,000
EBC Refunding Bond 24,855,000 3.625% to 5 00% 2027 24,375,000 - 405,000 23,970,000 420,000
Athletic Improvements 27,190,000 4 00% to 5.00% 2034 27,190000 - 260,000 26,930,000 285,000
- Dorm Construction 49,900,000 2.75% to 5.38% 2037 - 49,900,000 - 49,900,000
Total bonded debt 76,235,000 49,900.000 1,990,000 124,145,000 2,110,000
Capital Leases Various equipment 745,314 1,585,165 293,606 2,036,873 357,353
Other long-term habiliz.es and notes payable
Accrued leave liabilites 9,310.414 597.189 - 9.907,603 1,100,000
- Deposits refundable 100.803 - 56.179 44,624
Notes payable 3.086 117 - 66.526 3,019,591 121,563
- Otner 28 447,100 - 103.851 28,343,249
Total oth& long-term liabilities and notes payable 40,944,434 597.189 226,556 41,315,067 1,221,563
Total $ 117,924,748 $ 52,082,354 $ 2,510,162 167,496,940 $ 3,688,916
Due within one year 3,688916
Total long-term habibties $ 163,808,024
-69 - State of Mississippi Institutions of Higher Learning
Notes to Financial Statements
NOTE 9— LONG-TERM LIABILITIES (Continued) Year Ended June 30, 2009 Due Annual Ending Within Original Interest Beginning Deletions Balance One Year Description and purpose Issue Rate Maturity Balance Additions UNIVERSITY OF MISSISSIPPI MEDICAL CENTER Bonded debt General RevenUe Bonds 1.840.000 S 1,840.000 - 1,745,000 $ Series 1993 $ 60.000000 3.88% to 5.90% 2009 $ 3,585,000 $ $ 3,250,000 1,035,000 9.380,000 4.30% to 5 75% 2011 4,235,000 - 985,000 Series 1998A 90,000 - 40,340,000 41,075,000 3.85% to 5.50% 2023 40,430,000 90,000 Series 19988 500,000 - 475,000 1,565,000 Series2002 4,500,000 3.40%to5.00% 2012 2,040.000 Variable Rate Demand Bonds - - - 42,305,000 Series 2001 45,000,000 variacle 2031 42,305000 - 42,550, 000 - Series 2004 44,000,000 variable 2034 42,550,000 42,735,000 405,000 - 43,125,000 390,000 Series 2008A 43,125,000 3.20% 2031 41 895,000 Series 2008B 41,895,000 3 29% 2034 41.895.000
85,020,000 88,540,000 131,625,000 4,880,000 Total bonded debt 135,145,000
Capital Leases 6.794.142 - 7.487,727 19,206.909 Various equipment 26.694 636
Other long-term liabilitFes 1,953,611 34,845,697 2,180,668 Accrued leave liabilities 29,954,335 6,844,973 - - - 747,321 Deposits refundable 747,321 1,325,315 34459860 3,778,000 Other 33 158.567 2,626.608 4,026,247 69,305,557 5,958,668 Total other long-term liabilities 63,860,223 9,471,581 220,137,466 Total $ 225 699 859 $ 94,491 581 $100,053,974 $ 17.632.810
17, 632 810 Due within one year
202 504 656 Total long-term habilities $
- 70 - State of Mississippi Institutions of Higher Learning
Notes to Financial Statements
NOTE 9 — LONG-TERM LIABILITIES (Continued)
Year Ended June 30, 2009 Annual Due Original Interest Beginning Ending Within Description and purpose Issue Rate Maturity Balance Additions Deletions Balance One Year
Il-IL BOARD OFFICE
Other long-term liabihties Accrued leave liabdities 647,282 78,589 725.811 37,133
Other 23,583,000 5,495,000 - 29,078,000 6,663,649
Total $ 24,230,282 $ 5,573,589 $ - 29,803,871 $ 6,700,782
Due within one year 6,700,782
Total long-term liabililies $ 23,103,089
MCVS Other long-term liabilities
Accrued leave liabihues S 53.511 $ 3.740 $ - $ 57,251 S 5,609
Total $ 53:511 $ 3,740 S 51,251 $ 5.609
Due within one year 5,609
Total long-term liabilities 51,642
- 71 - State of Mississippi Institutions of Higher Learning
Notes to Financial Statements
NOTE 9— LONG-TERM LIABILITIES (Continued) Year Ended June 30, 2009 Due Annual Ending Within Original Interest Beginning Deletions Balance One Year Description and purpose Issue Rate Maturity Balance Additions
STATE OF MISSISSIPPI INSTITUTIONS OF HIGHER LEARNING - COMBINED 145,408,699 $ 667,866.841 $ 20,878.487 Total bonded debt $ 555,915,540 $ 257,360,000 $
1:585:165 9.772.696 22.922.268 8,008,422 Total capital leases 31,1 09.799
Other long-term liabilities and notes payable 11.075.715 2,958,267 91.653,291 8,271.349 Accrued leave liabilities 83,535.843 2,375,553 1.592.774 2,766,697 1,201.630 19,983 Deposits refundable 452,804 - 282,743 5,902,637 Notes payaole 6,185,380 8,194033 1,470,825 121463,281 10,441649 Other 114,740,073 7.478.532 220.220,839 19 185 785 Total other long-term iabiues 206:836.849 20,862,522 48,072,694 Total long-term habilibes $ 793.862,188 $ 279,807,687 $ 162,659,927 $ 911,009,948 $
- 72 - State of Mississippi Institutions of Higher Learning
Notes to Financial Statements
NOTE 9 — LONG-TERM LIABILITIES (Continued)
Year Ended June 30, 2008 Annual Due Original Interest Beginning Ending Within Description and purpose Issue Rate Maturity Balance Additions Deletions Balance One Year
ALCORN STATE UNIVERSITY Bonded debt
1996 Nursing Dormitory Bonds S 680,000 4.50 - 6.50% 2011 S 285.000 $ - $ 50.000 $ 235000 $ 50,000
1997 President’s Home Bonds 950,000 6.55% 2009 1,193 - 1,193 1,193
Total bonded debt 286,193 - 50,000 236193 51,193
Other long-term liabilities
Accrued leave liabilities 1611,322 1,987,879 - 3,599,201 1,763,608
Deposits refundable 559,625 369,808 - 929,433 -
Total other long-term liabilities 2,170,947 2,357,687 - 4,528,634 1,763608
Total $ 2457.140 $ 2.357,687 $ 50,000 4:764,827 $ 1,814801
Due within one year 1,814,801
Total long-term liabilities $ 2950026
- 73 - State of Mississippi Institutions of Higher Learning
Notes to Financial Statements
NOTE 9— LONG-TERM LIABILITIES (Continued) Year Ended June 30, 2008 Due Annual Ending Within Original Interest Beginning Deletions Balance One Year Description and purpose Issue Rate Maturity Balance Additions
DELTA STATE UNIVERSITY Bonded debt Student Housing Bonds: 226,449 $ 63:320 - 68,388 $ 1991 Series $ 2259631 5.00% 2011 $ 294,837 $ $ 100,000 - 100,000 3,140,000 1998 Series 3900,000 3.40- 5.00% 2018 3,240,000 100,000 2,185,000 1OQ000 2003 Series 2,475,000 3.00- 4.25% 2023 2,285,000 263,320 - 268,388 5.551,449 Total bonded debt 5,819,837
Capital leases 691,748 1177,580 716.745 Various equipment 1.194.328 675,000
Other long-term liabilities and notes payable 15,572 1,694,702 160,949 Accrued leave liabilities 1,569,818 140,456 1,875,136 149,183 20,125 Deposits refundable 213,056 1,811,263 9,826 34,819 - 24,993 9,826 Notes payable - CbS Foundation 1.809.187 - - 61,125 Other 1,870,312 1,976,826 3,662,898 190,900 Total other long-term liabilities and notes payable 1,817,693 3,822,031
Total S 8,831 858 $ 4.497,031 $ 2,936,962 10,391,927 S 1,170:965
Due within one year 1,170,965
962 Total long-term liabilities $ 9.220
- 74 - State of Mississippi Institutions of Higher Learning
Notes to Financial Statements
NOTE 9 — LONG-TERM LIABILITIES (Continued)
Year Ended June 30, 2008 Annual Due Original Interest Beginning Ending Within Description and purpose Issue Rate Maturity Balance Additions Deletions Balance One Year
JACKSON STATE UNIVERSITY
Bonded debt McAllister / Whiteside Revenue 120,000 Bonds $ 4,000,000 1.00% - 3.00% 2020 $ 2,015000 $ $ 115,000 $ 1,900,000 $ Honors Dormitory Revenue
- Bonds 6,965,000 4.24% - 7.00% 2013 2,795,000 2,795,000 Student Life Center Revenue
Bonds 12,000,000 3.00% -5 13% 2027 10,520,000 - 9,942,774 577,226 120,556
- Campus Facilibes Bond 2004 A 40,065,000 variable 2034 38,935,000 - 38,808,679 126,321
Campus Faclities Band 2004 B 25,925.000 variable 2034 24,875,000 - 24,875,000
Campus Facihties Bond 2006 A 12000,000 3.50% - 4.25% 2031 12,000,000 12,000,000 335,000 Campus Facilities Bond 2004 5 24,875.000 5 00% 2034 24,664,674 24,664,674 663,234 Campus Facilities Bond 2007 48,165,000 5.00% 2034 53,544 677 53 .544.677 543,503
Total bonded aebt 91.140,000 78.209,351 76 536,453 92 612,898 1,782,293 Other long-term habilities and notes payable
Accrued leave habilities 3,053,108 212,480 - 3,265,588 297,495
- Deposits refundable 34,087 - 1,643 32,444
Notes payable 1,281,182 - 74,868 1,206,314 77,132
Other 1,528,688 25,834 - 1,554,522 -
Total other long-term liabiliUes and notes payable 5,897,065 238,314 76,511 6.058,868 374,627
Total $ 97,037.065 $ 78.447,665 $76 612,964 98.871,766 $ 2,156,920
Due within one year 2.156,920
Totai long-term uabilities $ 96.714846
- 75 - State of Mississippi Institutions of Higher Learning
Notes to Financial Statements
NOTE 9— LONG-TERM LIABILITIES (Continued) Year Ended June 30, 2008 Due Annual Ending Within Original Interest Beginning Additions Deletions Balance One Year Description and purpose Issue Rate Maturity Balance
MISSISSIPPI STATE UNIVERSITY Bonded debt Dormitory System Revenue 1.035,000 ‘$ 65,000 - 65.000 $ Bonds S 2.253,000 3.00% 2020 $ 1,100,000 $ $ 60,000 1,030,000 60,000 Student Apartment Bonds 2,038,000 3 00% 2021 1,090,000 3,70% to 5.00% 2016 580,000 580,000 - Revenue Bonds 11,920,000 EBC 24,660,000 1,020,000 3.75% to 5.25% 2024 25.640.000 980,000 - Revenue Bonds 31,865,000 EEC 12,535,000 835. 000 4.00% to 550% 2026 13,340,000 805,000 - Revenue Bonds 16,920,000 [BC 15.310,000 500,000 2.00% to 5.00% 2028 15, 800, DUO 490,000 - Revenue Bonds 17,000,000 [BC 26,015,000 1,560,000 2.00% to 500% 2030 26,965,000 950,000 - Revenue Bonds 28,790,000 [BC 56,735,000 1,390,000 4.00% to 5.00% 2035 58,070,000 1,335,000 - Revenue Bonds 58,965,000 EBC 6.110, 000 190,000 4.50% to 4.75% 2028 6,110,300 [BC - Revenue Bonds 6,110.000 6,110,000 5,265,000 143,430,000 5,620,000 Total bonded debt 142,585,000
Capital leases 375,000 1,326,569 1,775,954 993,621 Various equipment 2,727,523
Other long-term liabilities
- 20,775,028 1,382,939 Accrued leave liabilities 19,168,662 1,606,366 - - 3.250 82.240 Deposits refundable 85.490 - - 15.363 492 Other 15,335.134 28.358 1,634,724 3,250 36,220,760 1,382,939 Total other long-term liabiUties 34,589,286 7996560 Total $ 179,901,809 S 8.119.724 S 6.594 819 181.426,714 $
7,996,560 Due within one year
173,430 154 tote! long-term liabilities S
- 76 - State of Mississippi Institutions of Higher Learning
Notes to Financial Statements
NOTE 9 — LONG-TERM LIABILITIES (Continued)
Year Ended June, 2008 Annual Due Original Interest Beginning Ending Within Description and purpose Issue Rate Maturity Balance Additions Deletions Balance One Year
MISSISSIPPI UNIVERSITY FOR WOMEN Capital leases Various equipment $ 837.445 $ 121.847 $ 242977 $ 716315 $ 244,362
Other long-term liabilities
Accrued leave liabilities 984:561 - 1.258 983.303 41,632
- Other 1,702,461 - 142,256 1,560,205
Total other lon9-term liabilities 2,687,022 - 143,514 2,543,508 41,632
Total $ 3,524,467 $ 121,847 $ 386,491 3,259,823 $ 285,994
Due within one year 285994
Total long-term liabilities $ 2973829
- 77 - State of Mississippi Institutions of Higher Learning
Notes to Financial Statements
NOTE 9 — LONG-TERM LIABILITIES (Continued)
Year Ended June 30, 2008 Annual Due Ending Within Original Interest Beginning Deletions Balance One Year Description and purpose Issue Rate Maturity Balance Additions
MIsSlSslpPl VALLEY STATE UNIVERSITY Bonded debt 2008 20,000 $ $ 20,000 $ - $ Housing Bonds - 1968A $ 300,003 3.03% $ 105000 - 110,000 18 905,000 EBC Bonds 2007 Sehes 19,015:000 4.0% to 4 50% 2037 19.015,000 105.000 - 130,000 18,905.000 Total bonoed debt 19,035,000
Other long-term Uabilities 176,031 - 398,699 1,893,353 Accrued leave liabilities 2,292,052 11,024 228,824 - Deposits refundaole 204,541 35.307
- - - 23,537 Other 23,537
433,260 2,122,177 176,031 Total other long-term liabilities 2,520,130 35,307
Totai $ 21.555,130 $ 35.307 $ 563 260 21,027,177 5 281 331
Due within one year 281,031
Total long-term liabilities $ 20,746,146
78- State of Mississippi Institutions of Higher Learning
Notes to Financial Statements
NOTE 9 — LONG-TERM LIABILITIES (Continued)
Year Ended June 30, 2008 Annual Due Original Interest Beginning Ending Within Description and purpose Issue Rate Maturity Balance Additions Deletions Balance One Year
UNIVERSITY OF MISSISSIPPI
Bonded debt General Revenue Bonds
Series 1968 L $ 3,300.000 3.00% 2008 $ 195.000 $ - $ 125,000 $ 70.000 S 70,000
Series 1997A 11,135,000 480% to 4.95% 2027 245,000 - 245.000 - -
Series 1999 12,220,000 4.75% to 5.25% 2016 1,760,000 - 560,000 1200.000 585,000
Series 2002 13,090.000 400% to 5.30% 2017 8,745,000 - 550.000 7.795,000 1000,000
Series 2005 10,965.000 3.000/o to 3.75% 2027 10,585,000 - 300,000 10.285,000 565000
Series 2006A 1 7985,000 400% to 5.00% 2025 17,240,000 - 585,000 16,655,000 605,000
Series 2006B-1 17,290,000 3.50% to 5.00% 2026 17,290,000 - 595,000 16,695,000 785,000 Variable Rate Demand Bonds
Series 2000A 34, 700! 000 5.00% 2020 28,295,000 - 1,470,000 26,825,000 1,540,000
Series 2006B-2 4,075,000 1.58% 2026 4,075,000 - 4,075,000 -
Total bonded debt 83,430,000 - 4,830,000 83,600.000 5,150,000
Other org-term liaoilities and notes payab:e Accrued leave liabdities 10,233.524 2,129.513 1.003 911 11,359,126 921.000
Deposits refundable 803.448 - 698,143 105.305 -
Notes payable 2,007.101 - 123,978 1.883,123 129.259
Other 9,174.400 89,600 - 9.264,000 -
Total other long-term liabilities and notes payable 22.21 8,473 2,219,113 1,826,032 22,611,554 1,050,259
Total $110,648,473 $ 2,219,113 $ 6:656,032 106,211,554 $ 6,200:259
Due within one year 6,200,259
Total long-term liabilities $ 100.011,295
- 79 - State of Mississippi Institutions of Higher Learning
Notes to Financial Statements
NOTE 9 — LONG-TERM LIABILITIES (Continued) Year Ended June 30. 2008 Due Annual Ending Within Original Interest Beginning Deletions Balance One Year Description and purpose Issue Rate Maturity Balance Additions
UNIVERSITY OF SOUTHERN MISSISSIPPI Bonded debt 2,790,000 $ 290,000 - 280,000 $ Payne Center Bonds $ 5,117,877 4.75% to 6.00% 2015 $ 3,070,000 $ $
- 325,000 Bonds 13,120,000 4.75% to 6.00% 2027 325,000 Dormitory Construction 80,000 - 80,000 255,000 Improvement Bonds 1,970,000 3.50% to 5.75% 2021 335,000 Technology 125.000 - 120,000 395,000 University Improvemenis 3.040.000 3.50% to 5.50% 2021 515,000 Student Life Center & 685,000 3,030,000 715,000 Internahonal Ethic. Center 17,285,000 3.00% to 5.38% 2022 3,7 15,000 525,000 18,200,000 115,000 The Village 18,725.000 3.625% to 500% 2032 18,725,000 60,000 24,375,000 405,000 BC Refunding Bond 24,855.000 3625% to 5.00% 2027 24,435,000 27190.000 260,000 Athletic Improvements 27,190,000 4.00% to 5.00% 2034 27.190,000 1,990,000 - 2,075,000 76,235,000 Total bondeo debt 78,310,000
Capital Leases 223,608 745 314 227.558 Various equipment 590.918 378,004
Otner long-term liabilities and notes payable
- 9.310.414 1,100,000 Accrued leave liabilities 8,765,275 545,139 - - 66,304 100,803 Deposits refundable 167,107 428,883 3,086.117 66,526 Notes payable 355000 3,160,000 - - 292,159 28,447,100 Other 28,739,259 787,346 40,944,434 1,166,526 Total other long-term liabilities and notes payable 38,026,641 3,705,139
Total $ 116,927,559 $ 4.083,143 $ 3,085! 954 117,924,748 $ 3,384,084
Due within one year 3.384,084
114.540_ Total long-term liabilities $
- 80 - State of Mississippi Institutions of Higher Learning
Notes to Financial Statements
NOTE 9 — LONG-TERM LIABILITIES (Continued)
Year Ended June 30, 2008 Annual Due Original Interest Beginning Ending Within Description and purpose Issue Rate Maturity Balance Additions Deletions Balance One Year
UNIVERSITY OF MISSISSIPPI MEDICAL CENTER Bonded debt General Revenue Bonds Series 1993 $ 60,000,000 3.88% to 5.90% 2009 $ 5,235,000 $ $ 1,650,000 $ 3,585,000 $ 1,745,000 Series 1998A 9,380,000 4.30% to 5.75% 2011 5,170,000 935,000 4,235,000 985,000 Series 19986 41075,000 3.85% to 5.50% 2023 40,51 5,000 85,000 40,430,000 90,000 Series 2002 4,500,000 3.40% to 5,00% 2012 2,495,000 455,000 2,040,000 475,000 Variable Rate Demand Bonds Series 2001 45,000,000 variable 2031 43,235,000 930,000 42,305,000 970,000 Series 2004 44,000.000 variaole 2034 42,925.000 375.000 42 .550,000 390,000
Total bonced oebt 139 575,000 - 4.430,000 135,145.000 4655.000
Capital Leases Various equipment 21,956 281 11,426,655 6,688 300 26,694,636 7.487.727
Other long-term Ijabilities Accrued leave liabilities 26,935,818 5,473,809 2,455,292 29,954,335 2,354,683
- Deposits refundable - 747,321 - 747,321 Other 33,375,730 214,261 431,444 33,158,567 3,838,000
Total other long-term liabilities 60,311,548 6,435,411 2,866,736 63,860,223 6,192,683
Total $ 221,842,829 $ 17,862,066 $ 14,005,036 225,699,859 $ 18,335,410
Due w:thin one year 18335.410
Total long-term liaoihlies $ 207.364.449
-81 - State of Mississippi Institutions of Higher Learning
Notes to Financial Statements
NOTE 9 — LONG-TERM LIABILITIES (Continued) Year Ended June 30, 2008 Due Annual Ending Within Original interest Beginning Additions Deletions Balance One Year Description and purpose Issue Rate Maturity Balance
IHL BOARD OFFICE Capital leases
3,642 - - $ $ $ Various equipment $ 342 $
Other long-term liabilities 12,555 647.282 40.975 Accrued leave liabilities 659,837 509,000 23. 583,000 5. 767.474 Other 23,074. 000 509,000 12, 555 24,230,282 5,808,449 Total other long-term habuities 23,733,837
509.000 $ 16,197 24,230,282 S 5,808,449 Totai -- 23,737,479 $
5,808,449 Due within one year 18,421,833 Tolal long-term liabilities $
MCVS Other long-term liabilities 53,529 53,511 8,865 Accrued leave liabilities $ - $ $ $ 18 53.511 $ 8.865 Total $ - $ 53529 $
8865 Due within one year 44.646 Total ong-term liabilities
82 - State of Mississippi Institutions of Higher Learning
Notes to Financial Statements
NOTE 9— LONG-TERM LIABILITIES (Continued)
Year Ended June 30, 2008 Annual Due Original Interest Beginning Ending Within Description and purpose Issue Rate Maturity Balance Additions Deletions Balance One Year
STATE OF MISSISSIPPI INSTITUTIONS OF HIGHER LEARNING - COMBINED Total condec debt S 565 181.030 $ 84319.351 S 93,584,841 S 555.915.540 $ 19,616.806
Total capital leases 27.310,137 12 976,506 9,176,844 31,109.799 9,670 C13
Other long-term liaoiiit;es and notes payabie Accrued leave iablites 75.273,977 12.149,171 3.887,305 83,535.843 8,248 177 Deposts refuncable 2:067.354 2.963.699 2.655,500 2,375:553 20.125 Notes payabie 3.678,102 3,160.000 652,722 6,185.380 282,743 Otner 112,953,209 2,737,385 950,521 114,740,073 9,605.474
Total other long-term liabilities 193,972,642 21,010,255 8,146,048 206,836,849 18,156,519
Total long-term habilities $ 786,463,809 $ 118,306,112 $110,907,733 $ 793,862,188 $ 47,443,338
- 83 - The
NOTE respective Alcorn 2010 2011 2012 Totals Delta 2010 201 2013 2012 2014 2015-2019 Totals 2020-2024 Jackson 2010 2011 2012 2014 2013 2020-2024 2015-2019 2025-2029 2030-2034 Totals University annual 1 State
9 State — State
LONG-TERM universities University debt University - University Fiscal service
State Year within requirements
LIABILITIES
of $ $ the
Mississippi 20,935,031 20,548,780 22,751,442 92,902,519 16915.068 $
$ 2,388,486 1,792,293 1.942.735 1.989,622 3639,062 $ Bonded $ IHL Debt 126,193 2.710,000 5,288,129 65,000 61,193 265001 450,000 274,494 273,634 470,000 845,000 System for
(Continued) - the $ $ $ $ outstanding are Capital Leases $ $ -
Institutions 133,357 148.425 140,689 84 460,835 as 38,364 - follows: ------$ $
$ debt
$ Payable 1,129,182 $ $ Notes 217,285 489.828 79,463 81.865 84.339 89.514 86.888
Notes as of ------
of June ------
to $ $ S $
Higher Interest
Financial $ $ 61,156,859 16.656.672 12,083,850 30, 4,614.821 5,142,944 5.047.040 5,023,793 2.737.737 7,044,215 2,805,787 18,055 2,102,593 9,798 6.145 2,112 371.214 379,433 393,429 191,619 504,106 171.148 2009 91 .644 for
Learning
Statements $ $ $ $ each Total $ 144,248 $ 70,991 71,145 155,188,560 29,795,657 33,236,166 34.061.568 23,354,567 2.112 7,851,557 3,214,106 7.071.640 7,014,700 7,097,754 5,466,313 7090.195 791,787 794.133 793,756 679.983 641,148 936,644 of the NOTE University Mississippi 2012 2011 2010 2015-2019 2014 2013 2025-2029 2020-2024 Totals 2035-2039 2030-2034 2013 2010 Totals 2012 2011 Mississippi 2012 2011 2010 Mississippi Totals 2013 2030-2034 2025-2029 2020-2024 2015-2019 2014 2035-2039 9— - State LONG-TERM Valley University Fiscal University
State Yeai State for University Women $ $ $ $
LIA8ILES of 167,995.000 $ $ Bonded 29,145,000 38,760,000 36,680,000 17,820,000 13.330,000 18.800,000 Debt 7,270,000 6,985,000 6.720,000 5,560,000 5725,000 4,415,000 2,650,000 5,385,000 3,485,000 1,875,000 230.000
265,000 195.000 165.000 Mississippi 135,000 - - - - - (Continued) $ $ $ $ $ $ Leases Capital 507,675 745698 158,892 79,131 471 215,895 154,806 96,916 -85 4,336
953 Institutions ------$ $ Payable $ $ $ $ Notes Notes ------$ S $ $ $
$ of 15,811,720 100,856,731 Interest to 27,733,038 2,676,251 11,250,645 1 3,262,744 3,719,925 1,760,400 6,609,453 6,914,978 7196,779 7,449,363 7,162,448 9,457,989 5.666,825 1.415,213 790,425 407,475 798,225 804.825 810,225
781.225 Higher Financial 29,028 17,110 2,644 9,235 39 $ $ $ $ $
$ Learning Statements 34,611,720 269,597,429 4,822,475 6,161,251 1.020.425 7,145,400 5,912,744 5,594,925 1,046,225 64,413,038 40,395,645 58,21 23.486,825 13,995,910 13,333.255 13,230,123 13,879,453 13,899,978 14,745,213 993225 969.825 Total 945,225 233,005 500,981 164,041 99,560 4,375 7989 State of Mississippi Institutions of Higher Learning Notes to Financial Statements
NOTE 9— LONG-TERM LIABILITIES(Continued)
Bonded Capital Notes University - Fiscal Year Debt Leases Payable Interest Total
University of Mississippi
2010 $ 6,075000 $ - $ 251,778 $ 4,991,088 $ 11,317,866 2011 6110.000 - 140,545 5,032,327 11.282.872 2012 6,360,000 - 146.573 4.815,199 11.321.772 2013 6.620,000 - 152,873 4.566.565 11,339,438 2014 6,735.000 - 159.460 4.305,903 11,200.363 2015-2019 35.090.000 - 470,911 17,149.083 52.709,994 2020-2024 25385,000 - 431,724 10.454,416 36,271,140 2025-2029 24,215,000 - - 5,086,547 29,301,547 2030-2034 10,395,000 - - 1,199,337 11594,337
Totals $ 126,985,000 $ - $ 1,753,864 $ 57,600,465 $ 186,339.329
University of Southern Mississippi
2010 $ 2,110,000 $ 357,353 $ 121,563 $ 6,334,875 $ 8,923,791 2011 2,255,000 330,178 180,115 6,141,429 8,906,722 2012 2,395,000 275,966 242,409 6,024,930 8,938,305 2013 2,600,000 188,322 308,683 5,902,472 8,999,477 2014 2,745,000 158,516 379,190 5,774,509 9,057,215 2015-2019 17,130,000 726,538 1,787,631 26,397,159 46,041,328 2020-2024 21,805,000 - - 21,366,963 43,171,963 2025-2029 26,035,000 - - 15,980,762 42,015,762 2030-2034 33,565,000 - - 8,352,622 41,917,622 2035-2039 13,505,000 - - 991,284 14,496,284
Totals $ 124,145,000 $ 2,036,873 $ 3,019.591 $ 103,267,005 $ 232,468.469
University of Mississippi Medical Center
2010 $ 4.880,000 $ 6,794,142 $ - $ 5,879,050 $ 17.553,192 2011 5,110,000 7,016993 - 5,340,311 17,467,304 2012 6.090,000 4,205,545 - 4,777,523 15,073.068 2013 4,615.000 1,190.229 - 4.384,155 10.189,384 2014 4.815.000 - - 4.169,096 8,984.096 2015-2019 33,390.000 - - 8,618,973 42,008,973 2020-2024 38,570,000 - - 3056.981 41.626.981 2025-2029 20.060,000 - - 263.098 20,323.098 2030-2034 14,095,000 - - 50,316 14,145,816
Totals $ 131,625,000 $ 19,206909 $ - $ 36,540,003 $ 187371,912
- 86 -
NOTE
to
aggregating and
included
With
waiting Demand
form approximately $30,900,000 University revenue
tendered addition,
As accelerated Included
25 2008A
August14, determined
liquidity 2011
2010
principal
liquidity 2012 State
For 2015-2019
2030-2034 2014
2025-2029 2013
Totals 2020-2024
2035-2039
of
purchase
%
of
Higher
the
Series
Fiscal
of
of
regard
9
June
Mississippi
and
long-term
demand
period.
provider agreements
—
in
Series
and
bonds
to
Bonds
the
Learning
Year
of
LONG-TERM
20088
bonds
2008,
the
20088
to
on
by
amortizations
approximately
30,
Mississippi
interest).
and
liquidity
the
$84,855,000.
the
various
liquidity
The
2000A outstanding
-
(ranging
bonds,
2008,
State
indebtedness,
the
Institutions
payable
IHL
bonds
demand
Series
variable
converted
$
with
$
remaining
System’s
bank
factors,
and
$23.2
667,866,841
provider 143.790.068
101,808,780
125,691,442
148,950,031
Bonded
the
EBC
21,646,369
20,878487
23.888,486
24,024,116
25,939.062
31,250.000
LIABILITIES
issued
Debt
a
from
of
payable are
$84,630,000.
2001
financial
of
Series
issuer
rate
interest
as
(UMEBC)
the
several
Mississippi
million
.145%
term
has
demand
$3625
by
of
if
for
demand
and
holder
not
is
in
the
20066-2
June
this
a
institution
$
$
required
ten
loans
to rate
of
successfully
floor
variable
(Continued)
Series
University
22,922,268
million
Leases Capital
issue,
aggregating
.44%
at
8008,422
4.805,983
7.801,558
bond
1,421.251
outstanding
equal
30,
As
revenue
726,538
158,516
for
a
of
under
of
bonds
price
2009
per
not
to
and program,
-
these
rate
2004
which
of
June
semi-annual 87 - - -
-
pay
Institutions
of
outstanding
annum
less
equal the
-
interest
remarketed
demand
bonds
include
issued
Mississippi
$
$
30,
annual
approximately
bonds
would
two
UMEBC
Payable
take-out
2,748.371
than
5,902.637
Notes
the 452.804
402,525
628,164
473.321
2008,
548,444
649,008
to
of
of
bond
principal
rates
by
the
Series
issuer
revenue
convert
10%
installments
standby
UMMEBC
issued
Notes
coupons
UMEBC demand -
- -
within
Series
available
agreements
Medical
issues,
reset
per
$
$
generally
20066-2
$4,075,000
plus
the
of
bond
by
purchase
377,382,459
100,778.956
annum
to
Interest
180
27,365,074
42,301,518 69,774,587 29,012,419 30210,108
30,740,967
24,549.071
to
19,835,787
2000A
aggregating
revenue
2,813,972
had
which
demand
Center
Higher
accrued
which
Financial
prime,
UMMCEBC
commitment over
days,
issues
been
enters
subject
bonds
and
a
coupons
have
liquidity
which
EBC(UMMCEBC)
five
except
is
bonds
and
bonds
which
interest.
tendered.
not
a
$
$
into
year
approximately
Learning
issued
only
Statements
Series
the
variable
greater
(outstanding 1,074,074,205
aggregating
was
outstanding
for
are
take-out 248,043,933
219,373,626
fees
121,644,567 167,992,960
to
Total
60060.560
60,080680
had
34063,972 51.274.813
53.223,255
58.315,839
period.
bonds
a
Demand
the
another
5%.
subject
60-day
2008A
by
At
to
been
than
new
rate
the
the
the
By
or
to In State of Mississippi Institutions of Higher Learning
Notes to Financial Statements
NOTE 9—LONG-TERM LIABILITIES(Continued) time of issuance, these variable rate bonds were insured to Aaa status through MBIA. The credit rating of MBIAwas downgraded and placed on negative credit watch during 2008. As a result of this credit rating downgrade, the market and liquidityfor MBIAinsured municipals disappeared. The liquidityprovider attempted to remarket these bonds but because their remarketing was improbable in the near term and accelerated amortization requirements of the liquidityfacilityagreement would have activated on July 1, 2009, the bonds were refunded through the issuance of 20098 revenue bonds in 2009.
On October 8, 2008, all $4,075,000 of outstanding UMEBC Series 20068-2 coupons were tendered to the liquidity provider and interest rates reset to prime. This issue was insured to AM status through FSA. ESA was placed on ‘Negative Watch list” by Moods Investors Service on July21, 2008 and “CreditWatch Negative” by Standard and Poor’s on October 8, 2008. As a result of these credit rating announcements the liquidity and market for FSA insured variable rate demand obligations dramatically contracted. Because remarketing of the bonds was not successful during 2009 and accelerated amortization requirements were scheduled to activate beginning October 1, 2009, the bonds were retired on September 22, 2009.
As of June 30, 2008, $42 million of outstanding UMMCEBC Series 2004 variable rate demand revenue bonds had been tendered to the liquidityprovider for this issue, and interest rates reset to prime, which was 5%. Atthe time of issuance, these variable rate bonds were insured to Aaa status through AMBAC. The credit rating of AMBACwas downgraded and placed on negative credit watch during 2008. As a result of this credit rating downgrade, the market and liquidityor AMBACinsured municipals disappeared. While the liquidity provider attempted to remarket iese bonds, their remarketing was improbable in the near term. Accelerated amortization requirements of the liquidity facility agreement activate 180 days after June 22, 2009 which would have required accelerated repayments in ten equal semi-annual installments beginning December 1,2009
In addition, UMMCEBC had outstanding at June 30, 2008, $42.3 millionof Series 2001 variable rate demand revenue bonds that were insured at issuance by AMBAC. Due to the rating downgrades of AMSAC and financial instability of the carrier, these bonds traded at an interest rate higher than the market rate and as of June 30, 2008 had an effective rate of 7.5%. In 2009, these bonds were tendered to the liquidity provider which would have subjected these bonds to accelerated amortization.
In order to mitigate the adverse impact of certain credit market conditions and avoid accelerated amortization, UMMCEBC began deliberations and negotiations in May2008 to refund both the 2001 and the 2004 issues. Refunding was completed on both bond issues in October 2008, with issuances of two new variable rate demand revenues refunding bonds, whose principal matures annually through July 1, 2034, with interest due monthly. The new issuances carry similarterms and similar remarketing and standby purchase take-out arrangements; however, the new agreements have only a 60-day waiting period before the bank bonds are required to be paid back in equal installments over five years.
Advance and Current Refundings During the fiscal years 2009 and 2008, the IHL System issued approximately $126,557,000 and 549,409000, respectively, of revenue refunding bonds to currently refund or advance refund and defease certain bond issues. Net proceeds for the advance refunding of bond issues were deposited into irrevocable trusts to provide all future debt service payments of the refunded debt.
-88 - The NOTE economic the and refunded for of Defeased the solely As respectively, University In Interest 2000A entered were agreement basis $20 interest the 63.03% As of computed LIBOR. payment Under the rate During valuation approximately approximately system prior refunding approximately financial a of financial advanced to future basis refunding million swap means subject June swap for reduce 9 variable-rate years, the 2009 rate in into — of Rate satisfying and of Under date gains of swap LONG-TERM settlement agreement which Bonds at the of exchanged 30, interest 3.314% agreement reporting fluctuations statements. to bonds an the Mississippi of to bonds 70% refunding the debt Exchange of refunding using five $60,000. lower 2008, outstanding $231,000 interest credit 2000A agreement the (the the State the $1,006,000 IHL year of service all and rate and originally issue. future issues basis future exposure difference the System dates purposes one and remaining and the which variable additional rate average bonds) over The ESCI receives LIABILITIES reduced At swap calculated Agreements of the and month market payments spot swap referenced The net June were implied bonds swap was fair the was defeased issued overlays basis Mississippi Series to settlement the agreement, the of interest intention rate between principal value LIBOR. remaining agreement, 30, to undertaken rising average a debt approximately monies charged risks agreement (including defeased variable from fair swap fair further bond to 2009 over 2000A, (Continued) index of the a service that (Swap) certain interest rates. value value fixed the of the and agreement the the from issue and swap LIBOR original to term the enhance were UMEBC payment rate current swap to prior bonds expense. Swap remaining UMEBC of in present interest rate The 2008, - outstanding of swap debt payments rates, was avoid 89 connection the of payments $50,237,000 Institutions of not the and years’ of - the future interest agreements the Agreement and interest service refunded. yield approximately 3.314%. was were reflected paid the computed payments the accelerated value original basis paid receives original years related refundings) spot probability to curve. University over terminated the rate were bonds with effectively funds the rate of swap Notes rates UMEBC notional of and on counterparty As the swap the swap were at trust on counterparty a the swap calculated maturity. the by a variable repayments in 70% $1388000, $86,966,000 next defeased debt are of agreement result, $34.1 of depositing of irrevocable to agreement. are accounts calculated agreement. financial and amount. agreement subsequently change Mississippi zero-coupon reducing of Higher Financial 26 service considered the the in During million payment years and (JP 2009 bonds. a net one statements. the for These are respectively. the was variable and discounted by trusts payments Morgan) the 2009 termination The UMEBC. The and was both demand month interest EBC not a Learning new Statements entered $70,607,000, bonds computed defeased. Accordingly, swap an exposure agreements basis intention included a resulted to the and (UMLBC) proceeds liability payment asset be average interest a rate due pricing Series bonds of 2008, to swap into used fixed cost the the on on of in to at in of of a NOTE University entered To change (UMMCEBC) agreement maintained used amount On a refunded The rate Association and different UMMCEBC the operating basis reduce The Terms settles was swap termination receives 61.52% counterparty one transactions The was settles March variable swap (Morgan fixed lower August two variable-rate demand Financial $41,335,000 month $41895 to $42,160,000 $43125 9— swap agreement, rate agreement, the monthly interest supplemental refund of into monthly 17, benchmark of payment in exposure a of LONG-TERM Keegan $44 revenues interest of to was 16, 2008, 2009 variable LIBOR. agreements an Municipal on the Mississippi had bonds of entered 3.197%. (Wachovia) effectively million million million the Markets cost 2004, interest March and the and State five not coupons also and and under and Series UMMCEBC Financial computed rate UMMCEBC secondary matures that to for of terminated indexes payment matures year Series to Series basis into also UMMCEBC $42,305,000 Swap 3, entered $42,550,000 apprOximately This rising both on effectively rate Association Medical were LIABILITIES the fix were 2008, of a 2001 various ol its LIBOR was fixed swap the swap bond swap Products, secondary 20086 2008A July Index). the Series but at Mississippi interest June used terminated computed swap pays into bonds. rate under maintained pays 67% when Center bonds payment with 1, agreements agreement issues. change agreement interest entered rate at 2014. 1, to at bonds for bonds two 2001 were the (SIEMA) the of $2,173,000 similar June (Continued) the 2014. June refund rates, Inc.) the for the with basis the EBC counterparty secondary counterparty at variable-rate The in to of secondary Due the both rate mature mature Series 20086 30,2009 into to one 30, a 67% March create 3.285% was settlements terms the The the Swap swap was fixed effectively with interest Municipal notional to - 2009 swap series an month Institutions 90 favorable Series University not during of interest to 2001 series June a July 2008, a - as interest payment Agreements agreement, basis and the and take and notional terminated swap basis agreements. (Wachovia) rate are the a amount bonds average 1, 2004 2008. 1, fixed one Swap bonds fix 2008, received 2008, variable which occurring advantage based rate above on interest 2031 market indexed 2034 swap rate the of of Notes its month to amount bonds. payment swap of respectively. respectively. Mississippi 3.19684% Index rate Series were a LIBOR. resulted when UMMCEBC swap and on and swap agreement, the fixed a a rate conditions rate of to the On variable fixed for monthly. agreement’s to average of interest the the of refunded five the (formerly agreement 2004 demands agreements. variable market rate the July Higher swap of Financial $45 Prior in related related payment Series year and 3.197% gains 2008A of Medical variable-rate Under 1, payment Under paid the rate million UMMCEBC LISOR. 3.285%. agreements to conditions 2004, The received LIBOR, Securities the in 2004 two swap its bonds swap swap reported the notional with series the 2009 Learning and the of Statements termination results Bond to supplemental Center The UMMCEBC computed 3.285% counterparty bonds interest interest agreement effectively This agreement a rather agreement Prior receives that a to but bonds notional variable intent Industry paid variable amount Market in tied further of swap were EBC were to was non- than rate and rate the the to of on its to at a
The
The
payment
NOTE
$44 reference
future $2,602,000 Series
value Fair
of
financial believes
At proprietary
Credit
in
respectively. swap
unsubordinated
amounts
The as
Poor’s
The
rate risk,
2.1321% 2009, LIBOR
June The synthetic series Basis
U.S.
rates
bonds
Rollover
1,
a
approximating
2034.
June
rated
net million
June
results
Values
interest
of
effect
interest
the
Treasury
1, of
which agreements
the
9—
market 2001
Risk
mature
and
2008B
Risk
and
3.285%
asset,
2014,
the
30,
by
to
statements.
interest
computed
When
rate
as
30,
that
Risk
SIEMA
rate,
LONG-TERM
of
be Series
Moody’s
models
Standard
the
and of
swap
2009
could
bond
rate
calculated
rate
this
2009
However,
at
for
reiiable.
the
July
and
then
securities
conditions
correspond
SIFMA
rather
the
and
June
$931000,
debt.
swap
State
the
rate
52,574,000
Municipal swap
difference
agreements
2004
and
and
transactions
be
had
1,2031, and
the
swaps
as
UMMOEBO
at
of
the
$43.
and
higher
30,
than
swap
83.9%
$41895
of
2008,
the
agreement
a
Municipal
The
difference
2008,
agreements Collateral
should
bonds
for
actual
combined
or
LIABILITIES
a
2009
Poor’s
125
of
and
counterparty’s
mature,
one
the
given
respectively.
while to
fair
Swap
GNMA
agreements
in
than
UMMCLBC
of
and
calculated
million
were
Mississippi
and
the
basis
swap
interest
of
value of
certain
synthetic
million
month
would
the
and
Swap
the
date
3.24%
the
the
Index
is
terminates between $771,000
the
its
credit
fair
certificates.
calculated
DMA
expose
required
series
is Moody’s.
$43.1 transactions.
of
synthetic
refundable secondary
remaining
refundable
based
be
LIBOR.
(Continued)
value
rates
indicated
financial
Index
the
rate
for
fair
The
rate
unsecured
include
index
was
exposed
rating
25
swap
2008A.
the
the
was value
as
change
UMMCEBC
liability
converges,
on
July
calculated
million
at
when
not by
-91
Any
rates
$43.1
reference
of
intended
June
certain
of
swap
information
543.125
bond .35%
by
agreements
Institutions
provisions the
Series
1,2014, June
exposed of
-
to
required
The the
the
of
triggered
and
debt the
series
imposed
25 counterparty
credit
30,
interest and
were
approximately
30,
difference
counterparty’s
assumptions
$41895
million
initial
fair
2008B
the
changing to
synthetic
that
mflhon
rate
2009
for
67%
2008A
to
2009
risk.
basis
collateralization
to
value
for
fair
from
the
is
are
Notes
interest
with
credit
by
by
payments
create
series
of
not
of
bond
collateral
values
To
Series
million
the
and
$41
ratings
less
risk
variable-rate using
one-month
of
between
3.325°/a
the
sources settlements
rate
mitigate recognized
of
risk
swap
the
.895
to
$5,176,000
was
2008A
regarding
2008,
as
a
rate
than
synthetic
become
long-term
2008A
swap
series of
systems
Higher
Financial
because
interest
revert
the
from
thresholds
million
a
swap
3.197%
agreements.
for
the
the
that
the
liability
respectively.
is
swap.
relationship
average
indexed
2008B
the bonds
required
both
debt
bonds
back in occurring
intended
potential
positive
rate
for
past,
derived
series
the
rate
the
and
the
unsecured
$41895
and
the
approximating
of
As
Learning
Standard
Statements
to
on
IHL
was
counterparty
swap
and
variable-rate
mature
present
$1,702,000, interest
UMMCEBC
to
the
LIBOR
of
$45
to
2008B
the
the
and
from
synthetic Systems
the
for
monthly.
June
between
a
be
The
transfer
variable
bonds.
liability
for
million
million
actual
credit
result
cash,
DMA
June
both
was
rate and
and and
and
the
fair 30, fails NOTE Termination would UMMCEBC
interest payment
Using Swap
$41 payments,
2010 Swap
2011 Using 2012 $43125 payments,
2013
2015-2019 2014 Fiscal 2020-2024
2025-2029 2030-2034 Total
.895
to
no
9—
Payments rates
perform
Payments
rates
Year
rate
million
equal
longer
million
LONG-TERM
assuming
assuming or
as
swap
Ending
Risk
as
the
to
of under Series
carry
of State Series
the
and
counterparty
and
June agreements
June
June
a
current
fair
current
the
Associated
2008B:
synthetic
Associated
2008A:
30,
LIABILITIES
30, value
of
terms
30,
2009!
interest
2009,
Mississippi
interest
may
of
is
$
interest
of
$
negative, the
Principal
debt
41,895,000
Debt 10.465.000 10,595,000
the
debt
terminate Debt
9470000 1,010,000 1,050,000
1,095,000 1,145,000
5,870,000 1,195,000
rates
interest
(Continued) rates
contract.
rate.
service
service
remain
remain
UMMCEBC
rate Also,
the -
Institutions
92 requirements
$
requirements $
If
interest
swap
the
the - if
a
Interest
at
1,268,787
swap
same
102,212
388,237 257,275
125,212
same
the
99,588 96,850
91,000 93,988
would 14,425
agreements.
rate
time
is
for
Notes
for
swap terminated,
of
be
of
of
their
their
the
$
Interest
termination,
the $
liable
Swaps,
of
agreements
to
term
variable-rate
term
3,163,473
variable-rate
Higher
668,572 651,402
633,496 614,772 595,231
Financial
to
were
the
Rate
the Net
were
variable-rate
the - - - -
counterparty
as
as
if
fair
the
Learning
$
and follows
$
Statements
follows
and
46,327,260
10852.275
10.590,212
value
other
9,858,237 1,780,784 1,800,990
5,884,425 1,825,346
1,881,231 1,853,760
Total
net
net
for
for
of
swap bond
party
for
swap
the
the
the
a NOTE the To Jackson 2008, interest date that received of 5% million As contract. agreements terminate JSUEBC million The approximately JSUEBC of 5% 2011 2010 swap 2014 2013 portion 2012 interest 2020-2024 2015-2019 2030-2034 2025-2029 Total Fiscal the approximately lower interest and of will and upfront of agreements. second the 9 June is is Year the of rate be receive rate — exposure State an effective receive effective would If the was the interest LONG-TERM swap repaid at rates swap upfront swap Ending payment mature 30, fixed interest the swap $4,984,000. University not a
be State agreement on 4.60% 2009, a time variable agreements over rate agreements March March to exposed liable rate variable agreement its payment June on rising rate accounted of swap Series the payor March annually the termination, LIABILITIES to 1, 1,
EBC of swap rate 30, life interest the 2011 2015 Because related aggregate agreements to rate of
settlements. 2004-B Mississippi of indexed with SwaQ 1, counterparty beginning related credit agreements $ $1,900,000 $ the for 2034 and at at indexed Principal an rates, 42,735.000 10.190.000 10.235,000 which which to as 1,175,000 8,225,000 9,595,000 1,265,000 1,225,000 swap Agreement the fair accrued and risk aggregate 420,000 405,000 (Continued) the to and to an fair fair value the on Jackson were the Series Series time time to agreements at other This interest for which their value value if Series SIFMA the June the interest - of fixed JSUEBC a JSUEBC 93 other
borrowing Institutions payment 2007 notional 2004-B respective the $ SIEMA $ other State of has - of 30, payments 2007 Interest at Municipal the interest 1.261.302 borrowing the as bonds. 251,493 369.253 a 137,885 been once 2009. party 96,393 97,359 87,964 90,873 93,691 36,391 University interest will will rate bonds of bonds amount Municipal equal two liability June effective pay pay accounted they fails rate considered Notes are As Swap JSUEBC swap with with accrues to rate the the 30, swap to of of become settled $ Interest EBC $ the
is Swaps, of perform the $66,405,000 Swap counterparty counterparty a a swap dates Index 2009 to repayable 3,136,415 agreements notional fair notional 648,385 654,883 611,255 630,207 591,685 (JSUEBC) agreements trade
for Higher Financial interest or off-market semi-annually. value effective. agreements approximated Rate Index based rate. Net as the under date, - - - a - amount amount over of The counterparty borrowing at in rate. upon at at entered the $ the $ is September11, a
order Learning was Statements a a and effective The the discount 47,132,717 10,441.493 10,604.253 a fixed fixed interest terms 1,164,778 8,261,391 9,732,885 1,157,242 1,944,649 1,927,128 1,898,898 Total is Both an of of liability negative, JSUEBC life negative, $66,000. to effective $44030 $22375 imputed into liability rate rate hedge of of swap date may rate rate two the the of of of State of Mississippi Institutions of Higher Learning
Notes to Financial Statements
WITH FUNCTIONAL CLASSIFICATIONS NOTE 10 — NATURAL CLASSIFICATIONS
ended June 30, 2009 and 2008: The IHL System’s operating expenses by functional classification were as follows for the years
Year ended June 30. 2009 Scholarships Depreciation Functional Salaries Fringe Contractual & Commodities Expense Other Total Classification & Wages Benefits Travel Services Utilities Fellowships 2,403,018 19,352,802 $ 463,945 $ 564.371,754 Instruction $ 391,617,035 $ 108,662,779 $ 10,381,417 $ 31,226,617 $ 264,081 $ $ 2,627,910 36,194,029 1,699,331 333,629,057 Research 147,755,841 42,163,529 9,513766 90,528,320 3,146,331 783,362 11,814,094 30,827 174,670,061 Publicservice 78,646,859 22,602,599 6,436,390 53,336,003 1,019,927 460,967 12,264,762 316,109 132.690.413 Acaaemic support 70,515,457 19,116,000 2,770,547 26.821,123 425,448 720.356 6,422,759 67,592 67.534.677 Student seices 36,466.670 10535.849 4.304.304 6.698,352 318,295 12,476,800 7.397,221 202,970,115 Institutional support 98,316,537 24,140,778 2,857,709 56,870,626 654,656 255,788 372,222 157,076,379 - 13,090,827 $ 6,665,518 Operation of plant 47,447,522 16,048,150 160,392 29,225,377 44,065,871 - 1,275 139,384,071 - 130,991,726 423,185 Studenjaid 4,876,098 2,339,600 14,554 737,633 13,387,804 21,773,135 6,070 194.344 174,916,490 Auxiliaryenterprises 53,214,130 13,656,050 3,748,107 51,521,864 12,414,936 - 102,856,799 - - 102,356.799 - - - Depreciation - -
- - 578,967,246 - 131,363,890 Hospital 234,105,645 62,653,822 358,950 139,612,728 10,872,211
- 1,595,442 1,610,169 - - 14,727 - - - Loan fund expense -
- - 597.189 - - 597,189 - - Oilier - - 109.523,387 12,138,308 2,631.824,420 1,162,961,844 322,469,156 45,546.636 488,578,703 73,181,756 151,631,431 265,788,199
- - (49,028.336) - - (16,993,250) - - Elimination entries - (32035,086)
Total operating 265 788.199 $ 109,528.387 $ 12 138 308 S 2 582.796 084 expenses $ 1.162.961.844 $ 322.469,156 $ 45,546636 $ 456,543.617 $ 73 181.756 $ 134638,181 5
- 94 State of Mississippi Institutions of Higher Learning
Notes to Financial Statements
NOTE 10— NATURAL CLASSIFICATIONS WITH FUNCTIONAL CLASSIFICATIONS (Continued)
Year ended June 30, 2008 Scholarships Functional Salaries Fringe Contractual & Depreciation Classitica’ion & Wages Benefits Travel Services Utilities Fellowships Commodities Expense Other Total
Instrucon $ 377926,633 $ 104615586 $ 11,102,666 S 32.457,459 5 280,554 $ 900:091 $ 19,071,795 $ 601.816 $ 546,956,440 Research 143,182,650 40.165.196 9 304,643 99:121,501 2.787,687 998.239 34.893.289 1359.962 331.813,167 Pubhcseftice 74.752003 21.665,365 6.039,506 32,481.431 1 002.478 304.798 15975,019 167,658 152,388.258 Academic support 66,131 .656 17,895,902 2,726,393 25,301.388 411,498 334,646 13,691.864 753,552 127.246.899 Student services 34,982 951 10,345,993 4,477.080 9,359,628 229,636 377,108 6,821,981 154,604 66,748,981 Instituional support 101,639,213 26,774 546 3,494.839 70.198,058 645,347 522,513 12,583,389 511,303 216,369,208 Operation of plant 46,662,109 16,435660 366.431 26 122,639 50.429.102 21.240 13,160,840 $ 4,573,651 92.266 157,863,858
Stuoent ad 4,529,669 2,454.255 24,647 504,794 - 125.668.097 3,926,978 - 300 137,108,770 Auxiharyenterprises 49,953,485 13,129,730 8,571,512 51,590,937 11,707,226 11,596,194 15,393,685 4,249 136132 162,083,151
------95,213,387 Depreciation - - 95,213,387
- Hospital 192,015,637 51,670,563 206,697 122,074,402 - - 126,825,421 - 492,792,720
- - - - 1,272,725 4,253,607 Other - - 26,348 2,954,534 1,091,776,007 305,152,746 46,314,254 469,238,585 67,493,528 140,722,926 265,298,795 99,791,287 5,050,318 2,490,838,446
- - - (47,913,158) Elimination entries - (32,311,895) (15,601,263)
Total operating expenses $ 1.091.776,007 $ 305.152,746 $ 46,314.254 $ 436,926,690 $ 67,493,528 $ 125.121,663 $ 265,298,795 $ 99,791,287 $ 5,050,318 $ 2,442,925,288
-95- NOTE equipment.
Leased under
The
$1 not 2010
2011 NOTE 2012 The Year Estimated 2013 2014 presented Total
As Alcorn Jackson Delta Mississippi Mississippi Mississippi University University University Thtals Women
4,732000, University Meccal Vississipoi
of
renewed, total
ending
IHL State
June
minimum
noncancellable State
11
12—
property State
rental of of Cen:er System of — State University Valley university
30, Unversity
below:
June Southern Mississippi
OPERATING Mississippi
costs
The
CONSTRUCTION University
2009
respectively. University
for State
expense payments
30,
following
State
under
has
for to
the
complete
operating
contracted
years
operating
for
$
$
required
LEASES of to
is Total
all 122,703,000 351,989.763 Complete 21,424,138
a 79,823,129 35,383,364 54,311,411 25,746,627 9,483,385 1,462,807 1,651,902
Mississippi
ending
operating
schedule Costs
COMMITMENTS
the
leases
for
leases
various
various
June
for
$
leases, $
by
is Sources Federal 10,734,963
the 27,037,000 45,604,852
composed 6,526,813
year
30,
projects 813,711
construction 407,365 85,000
next -
except
2009
Institutions
96
AND
of . . .
five -
the
and
$
$
FINANCING
and of
those
years:
future Sources 140,383,095
office 33,074,745 21,424,138 28,485,000 35,383,364 State
the
projects 9,483,385 1,566,902 9,918,317
2008 649,096 398,148
Notes
with
minimum sources
rent, Funded
approximated
terms
as
of
to
land,
$
$
of Institutional by
Higher
of Sources
of
Financial 134,977,891
rental 36,013,421 43,386,000
June 37,866.281 17,712,189
a
computer
anticipated
month
30,
payments .
$14,663,000
$
$
2009
or
Learning
Statements
$
$
software
less
44,220,884 11,799,767
10.721.708
8.843,774 5,861,674 6,993.961
funding 23,795,000 Other 31,023,925
and 7.228,925
that
required
2008.
were
and
and
are NOTE The authorization expendable Alcorri 2008, As NOTE Jackson The Most Delta (ORP), a market Mississippi obtained Plan Institutional Mississippi on!y and NOTE Mississippi 1998. includes University University beneficiaries. Totals Street, Unwersty Women Mississippi Jnive’sity Medical cost-sharing of State disability IHL June by net endowments State Description respectively. The 12— 13— State 14— Jackson, a value. the Center of of of System Valley State University University financial multiple-employer 30, by appreciation University Southern Mississippi Mississippi annual University CONSTRUCTION DONOR State Funds PENSION net writing 2008 for University benefits, State multiple-employer Benefit assets expenditures
participates State for MS of statements Act operate spending This to Mississippi RESTRICTED 39201-1005 the (Sections PLAN annual for on $ $ amount
provisions of Public scholarships 209,798,000 11 466,936,005 on 24,290,638 48,484,431 13,166.641 defined 39,091.236 investments 6,205,041 7,572,995 7,143.574 1,183,449 in
rate Mississippi approximated the COMMITMENTS cost-of-living and both Legis’ature. 79-11-601 is Employees’ for or defined total-return included required the contribution ENDOWMENTS by are these $ $ Public calling and/or of 14,985,915 58,220.000 25.145,668 99,685,532 established benefit 1.333949 through endowments on adjustments, $10,810,000 donor supplementary PERS concept Employees’ Retirement - (601) the other 97 plan
AND Institutions - - - - - pension - statements 79-11-617, issues restricted 359-3589 established purposes. $ $ FINANCING as 210,608,254 by 24,290,638 70.635,377 41.250,000 46.968.251 13,166,641 permitted 4,871 and is 1,183,449 Retirement 5.334.208 and 2 System, plan a 908.598 5% state information. publicly Notes $27,982,000 death 092 of endowments Miss. or and of in net 1-800-444-PERS. PERS the (Continued) law 1990.
by of $ Code $ benefits the assets to System available the
three-year Higher 67.043.000 11,785,512 91,883,716 Financial and Optional 2.927.664 8.611 1.56.180 PERS That Building, Uniform Ann. as as of that to 360 of may information financial a Mississippi 1972) provides plan - - - - June component Retirement moving is Management
429 Learning $ $ Statements be members available as 30,2009 20,166,191 43,285,000 64,758,503 Mississippi .307.312 report enacted retirement amended average (PERS), may of Plan and that and ------the for be of in NOTE to the In member Funding Vesting The PERS of required For contributions $90,659,363, The PERS membership learning 2007 universities. Title contributions funds provide the As liability purposes. The NOTE Compensation employees. in IHL assets respectively A between unreported claims. 2007, eight annual trust, professionally IHL fiscal such, State IHL membership System 25, IHL were members 14— among members System years 15— of and the period for does and to System’s appointed policy Article year covered System the the of ORP contribute PENSION $29,748,567, the Mississippi liabilities SELF-INSURED The insured Mississippi. a The to for and in for for vendors $91,405,286, assets three not third 2007 fund administration prior PERS. Fund is are
State are each 11 members each IHL WC of licensed approximated subsequently contributions participates not payroll or party investment the of required and the established events, to and of System’s at (the Fund employed and PLAN respective respective considered the July Legislature the ORP Membership an actuarially budget administrator Such liabilities
of $25,830,044, for WC actuarial are actuarially who Mississippi WC does and 1, which is to (Continued) fiscal
Mississippi WORKER’S of governed 2007 benefits Fund). contributions composed in contribute vendors. Fund entered to $81,068,513, refund for $9,407,000 on and the not year. year. the PERS of part determined amended includes years the or firm is ORP pay in the may approximated determined The State after is still Code costs their and of ORP and the was solely fund utilized Benefits benefits for 2008 7.25% be of the program. subject WO COMPENSATION July other IHL estimates account and the $21,884,296, Institutions to teachers the contracted of amended states is respectively. is IHL by rate ORP and - Fund providing offered System years not to 1, 98
Institutions $15,049,000 PERS of directly rate. the payable rights to distribute 1990, System’s their was - $11,423,000 2009 expected ORP that for the balance. exists terms and ending The of only Plan as the of after annual 11.30%. of to four the who future to workers’ and participants administrators to participants respectively, establish a actuarially Higher Such of years in employees. by the to plan reporting Board recruitment year July Notes June to elect order the increases at FUND change the covered payments benefits impact June and contributions ending The annuity participants 1, compensation vesting State Learning to 30,
of to of 2007. a to $14,804,000, participate determined direct contribution 30, provide liability Trustees or entity 2009, the the
Higher which Rather, Financial salary to to of June of tool their contracts 2008, of period eligible A vesting WC Mississippi 12.00% the the Self-Insured losses. member for 2008, for are for equaled a beneficiaries equaled 30, and institutions Fund’s funds investment mechanism of respectively. financial in benefits the both provided rate not employees. 2009, at period requirements the the
ORP Learning issued for and Statements The June IHL obligations who are was reported Legislature. the institution fiscal ability System its 2007 2008, and difference from System’s to set-aside Workers’ reporting 30,2009, of by required required entered that 11.85% of are eligible higher for 2010. to reject them. were Total four their and the and will the pay the of is of
WO
obligation
its NOTE
June $361,000 Excess
The
In
Total
discount
The
The
employees.
A Unemployment NOTE
2008, budget
$2,129,000
funding Mississippi
Accrued
Unemployment
Claim
Years
Total Incurred
Claims Decrease
Claims Provision
order
primary
professionally
following
Fund
IHL
Unemployment
Total
Total 30,
ended
accrued
accrued
respectively.
Payments
15—
16—
loss
to
for
requirement.
System
Claims
claims
2009
approximated
attributable
attributable
and
could
purchases
minimize
liability
incurred
payments
for
SELF-INSURED
Department in June
at
UNEMPLOYMENT
the
insurance
The
represents
$331,000,
provision
June
insured
and
claims
claims
at
Fund Fund
result
participates costs
30,
State
assets
to
icensed
beginning
claims
2008:
30,
the
cover
to
to
Fund
excess
as
as
does
events
in
are
at
premiums
insured insured
of
for
2009,
$2,256,000
amount
of of
of
and respectively.
changes
losses
end
and of
the
providing
insured
exists
presented
June
actuarial
Employment
June
not
of
in
WORKER’S
loss
liabilities
of
of
respectively
IHL
Mississippi
claims
year
events
events
a
pay
of
the
to
TRUST
year
30,
self-funded
30,
in
for
System’s
in
insurance
risk
events
the
benefits
current
and
order
2009
the
firm
the
2009,
unemployment
adjustment
of
at
of
WC and
Excess
of
unpaid
$2,380,000
FUND the
prior years
Security
their
of
and was
the
to
and
COMPENSATION
in
Fund.
year
ranged
claims.
prior
current
directly
provide
Unemployment
to
accordance
years
2008.
Unemployment
present
loss
approximated
- ended
contracted
claims
cover
99
expenses
years
Institutions
for insurance
-
from
year
The
to
Consequently,
as
a
benefits
benefits
June
risks
former
liabilities
value
mechanism
of
$1.8
actuarial
with
June
to
exceeding
30,
$2,275,000 Trust
does
using
million
perform
employees.
Notes
FUND
it
Fund
self-insurance
to
2009
for
pays
30,
firm
$
$
eligible
Fund
the
not
failure
for
2009
a
of
approximated
14,912,000
14,664,000
to
(2,1
and
(Continued)
directly
determined
to
4,747,000
6,869,000
4,995,000
3,512,000 1,483,000
discount
2009
discharge
an WC $1,000,000
the
$2.6
(the
Higher
and
Financial
22,000)
2008
and
of
actuarial
Rather,
former
IHL
Fund
million.
the
$1,859,000
Unemployment
general
to
2008,
were
System
rate
former
insurer
for
the
the
employees.
it
per
$2,358,000
$
$
analysis
the Learning
reimburses
Statements
respectively.
WC
of
approximately
recommended
practices,
13.996,000
14,912,000
(1,473,000)
occurrence.
40%.
IHL
6726,000
to 4,337,000
5253.000
2898,000
year
1,439,000
to
2008
at
Fund
fund
honor
June
System
ended
Fund).
of
from
The
The
and
and
the
the
the
30, its NOTE with $2,358,000 Furthermore, Tort The NOTE the Tort Learning Mississippi A maximum Effective $10,183,000 $7,965,000 Fund The period As Accrued Total Incurred discount Claims Total professionally Provision Increase Claims Claims of Mississippi a IHL Fund). Fund following years June as Total margin Total 16— 17— accrued accrued ended System Paid of July (IHL claims Claims attributable attributable approximated to 30, limit Tort at June UNEMPLOYMENT incurred TORT (decrease) payments for In at provide they and of June 1, June Board) accordance represents June Tort of insured claims claims at Claims conservatism. 1993. licensed participates State 30, liability concluded $11,027,000 LIABILITY beginning 30, Claims 30, claims 30, 2009 self-insurance. to to to Mississippi in 2009 events are at 2009 Board insured insured 2008, establish $1,643,000 provision of actuarial of end changes and and with Act $500,000 presented were of that in and Mississippi FUND of of respectively. has 2008. claims the year and TRUST at events events Section the the year 2008: a reasonable statute June for firm authorized State in fund professional current and actual AND Total insured adjustment per the was of of at FUND 30, 11-46-1, in Institutions $1183000 the prior permitted their occurrence unpaid OTHER assets contracted order assets year 2009, current events and the years (Continued) -100- present Institutions liability to expense et claims the Board and respectively, of CONTINGENCIES tort self-insure year of seq., of the as Unemployment is to liabilities Higher prior claims value claims. currently of perform Unemployment of liabilities Mississippi June Trustees $ Notes $ using Learning to a and The of 30, an certain be permissible. for the of actuarial 2009 filed 10,892,000 approximated 2009 a IHL 7,829,000 2,411,000 to 2,213,000 4,624,000 of 1,442,000 1,561,000 the Fund Code IHL discount 119,000 Higher Tort State Financial portion Fund, Board against IHL and Tort was Annotated analysis Liability Institutions Tort which 2008, established Fund of adequately rate the $ its $ Fund $9,667,000 Learning Statements IHL Fund approximated respectively. approximated of of liability 7,235,000 1,883,000 1,771,000 1,177,000 7,829,000 1,157,000 2008 the (1972), 4.0%. (112,000) System. during of 20,000 (the IHL the funded Higher under Tort and IHL IHL the The the A
business below),
The statements. resolution NOTE
Center
In
The
Total Trustees Mississippi NOTE
A Effective
Mississippi
Institutions
professional
June
liability S27.032000 permissible.
payments
professionally
addition
University
Board
30,
assets
17—
18—
Tort
the
for
of activities.
2008,
July
of
of
to
of IHL
Code
Tort
the
TORT
both
UNIVERSITY
Claims
of
and
these
losses.
claims
at
Higher
and
1,
of
Trustees
System
IHL
respectively.
June
Claims
licensed
State
Annotated
tort
reported
Mississippi
1993,
LIABILITY
liabilities
matters
System
Fund
Management,
covered
Learning.
liability
30,
is
Act.
Mississippi
actuarial
of
defendant
(UMMC
2009,
of
OF
and
to
will
(1972),
the
claims
of
by
Medical
establish
MISSISSIPPI
FUND
Mississippi
A
not
the
unreported
the
respectively
maximum
HL
Tort
with
firm
have
up IHL
the
in
UMMC
statute
AND
System
Center
various
Claims
the
was
to
a
Mississippi
Tort
a
fund
the
advice
OTHER
material
contracted
limit
insured MEDICAL
Fund
Tort
permitted
and
maximum
participates
-101
to
established
other
Fund).
self-insure
of
Institutions
of
approximated
Claims
and
liability
Tort CONTINGENCIES
-
adverse
legal
legal
events,
In
to
the
CENTER
tort
accordance
Claims
liability
perform
counsel,
matters
of
in
Fund
UMMC
the
a
claims
impact
the
$500,000
certain
which
Notes
UMMC
limits
Board
S31,049,000
an
University
approximated
TORT
occurring
Tort
is
actuarial
to
on
of
with
of
includes
portion
described
to
has
be
the
Fund
(Continued)
per
the
Tort
CLAIMS
Higher
Financial
Section
filed
authorized
opinion
occurrence
IHL
in
of
of
analysis
(described
Claims
the
and
estimates
Mississippi
its
System’s
against
above.
$28,251,000
11-46-1, normal
liability
FUND
that
$24,748,000
Learning
Statements
Fund
to
the
the
is
establish
more
the
under
course
of
currently
financial
Board
Medical
ultimate
et
to
future
State
seq.,
fully
and
pay
the
of of
at a NOTE The the
As
Accrued
Incurred
At
value $26,987,000.
Payments NOTE
UMEBC Total partial construction
internal variable
During
1998A
Provision Decrease
Claims
Claims
of
years
June
following
June
Total
Total
accrued
of 18—
19—
financing
and October
claims Claims
capital
$24,747,000.
attributable
attributable
has
30, ended
30, rate
incurred
payments
for
(Continued)
UNIVERSITY
in
SUBSEQUENT
1998B
represents been
cost 2009,
provision
insured
demand
At
claims
at
funds.
June
State
2009,
beginning June
for
of
claims
approved
bonds.
to
to
unpaid
approximately
events
30, at
the
insured insured
for
30,
UMMCEBC
bonds
Claim
changes
end
of
OF
2009
insured
construction
2008,
of
The
claims
of
to EVENTS
of
MISSISSIPPI year Mississippi
liabilities events
events
and
the
issue
and year
total
unpaid
events
in
current
the
of issued
$25
the
2008:
of
of
approximately
new
$30,466,000,
are the remaining
prior
unpaid
of of
million
claims
year
issued
prior
current
fixed
discounted
a
MEDICAL
years
residential -
claims
which years
of
102-
rate Institutions
bonds
year outstanding
$27,418,000,
$1
are
bonds
will
liabilities
8.5
CENTER
at
approximated
presented
an
college
also
million
to
annual
Notes
refund
be
indebtedness
for
are
TORT
$
of
$
funded
facility
the
Series of
24,747,000
rate
presented
26,987,000
at
to
6,713,000
6,322,000
4,073,000 4,082,000
2009
its UMMC
(391,000)
$105.6
their
Higher
CLAIMS
Financial
of
Series
9,000
through with
2009C
4%
net
Tort
of
million!
an
at
for
2008A
its
FUND
present
their
bonds
Claims
private
$
both
$
estimated
Learning
callable
Statements
25,587000
24,747,000
(3,586,000)
net 6,130,000
2,544,000
3.277,000 3,384,000
2008
and
years.
to
107000
Fund
gifts
value
present
provide
2008B
Series
total
and
for
of
Organization
Alumni
These established
NOTE
MSU
Basis Mississippi
into imposed
prepared
decreases
assets.
law.
limited
applicable and/or Revenues
when
received. Contributicns,
cash
reported
revenues
Income
three
Expirations
Foundation
are
the
of
I
financial
by
Temporarily
support all Foundation,
donor-imposed net net Permanently
MSU
net
Unrestricted
MSU
particular
the
Gains and
—
restrictions.
Accounting
as
to
recorded conditions
classes
Conditional
donor-imposed
and
or
SIGNIFICANT
are
assets
classes
in
assets
assets
to
stipulated
State
follows:
present
realized
part
Foundation.
Foundation
unrestricted
and
solicit
expenses
including
reported
of
statements,
as
principal
Foundation’s
of
also
of college
—
subject
MSU.
which
losses
subject
University
increases
at of
restrictions
the
MSU
permanently
on
and
balances
and
restricted
This
net
restricted
net manages
their
promises
time
stipulations.
which
as income
unconditional
represent
manage
in
and/or
of
or
unrealized
on ACCOUNTING
assets
assets. Generally,
net
Bulldog
to
restrictions.
has
to
Mississippi
increases
estimated
the
a
unit
period
donor-imposed
which
investments
donor-imposed
assets
in
permanent interpretation
they Foundation,
been
and
on
statements
to
funds
permanently
earned
net
the
for
net
restricted,
funds
Club,
give
net
depend
are
transactions
resources
has
which
assets
accomplished
passage
Unrestricted
the
gains
unless
assets
in
fair
for
assets
Expenditures
promises
are
presented
on
unrestricted
Inc.
for
donor
elapsed)
affiliates
and
endowment
value.
POLICIES
the
on
are
not
related
of
Inc.
the
their
of
temporarily
stipulations
and
restricted
stipulations
(i.e.,
of
other
investments
activities
State
generated use
-
relevant
of
recognized
substantially
benefit
103-
time.
(the
according
to
use
MSU
Contributed
these
net
of
on
are or
investments
the
by
give,
assets
MSU,
are
net
is
purpose
assets
MSU
the
fund; classification
donor-stipulated
Bulldog
of
net reported
state
restricted University
at assets
restricted
that
assets
reported
are
from
that
Mississippi
accrual
estimated
including
of
until
or
assets
to
met. Foundation)
they
law
include
recognized
permanently
liabilities
goods
Notes
may
the
is
operations
permits
Foundation.
they
for
unless
as unrestricted.
require
Contributions
be
by
as
if basis
existence
or
general
or
the
of MSU
explicit
reclassifications maintained
become
fair
and
contributions
decreases
unrestricted
State
to
will
net
are
the
use
terms
purpose of
Foundation,
that value.
as
Financial
Alumni
services
is
be
or
assets
reported
restricted
MSU
accounting,
University
or
of
donor
revenues
that
a
or
gains
met
unconditional,
of
the
specific
of
not-for-profit
absence
permanently
the
Foundation
in
Association,
are
has
and
assets
by
as
related
stipulations
are
designated
unrestricted
be
as
gift
net
actions Statements
follows:
not
been
between
transactions
(MSU).
in
added
increases
recorded
purposes
or
have
assets
the
other
subject
of
assets
the
fulfilled
donor-
that
period
to
Inc.
of by
entity
to
been
MSU
MSU
or
than
The
to
use
the
are
the
the
net
the
as
is, by
to
or
in
is a NOTE The financial amounts Use principles period. An The allowance various as securities, occur MSU are agency Restricted Funds provided donated. Land, Land, equipment term The that cash The unlikely. Investments securities, investments, income organized member restrictions, interest estimate classified of MSU preparation MSU events of MSU Foundation’s flows 1 in buildings Buildings held Estimates Actual companies the — payable. statements the and of on interests Depreciation An SIGNIFICANT Foundations requires for Foundation • • it rate, assets as other Foundation’s lease. is for Cash is or is the near that the equity impairment as uncollectible 5-10 limited less results private at as an impose as changes and market straight-line MSU restricted of investments, least is term and The increases increases unaffiliated and do than years. within financial securities management financial particularly and equipment partnerships could not Foundation equity assesses estimated reasonably liabilities Equipment of and restrictions and the investments in the ACCOUNTING loss investments buildings have various
Mississippi cash circumstances pledges. that differ carrying credit or statements. method reported or statements funds investments is organization and decreases readily decreases and are susceptible in such recognized potential useful from markets. to values the risks. or possible cash and on stated disclosure and amount over are limited make changes amounts statement their ascertainable primarily those equipment, lives held Due invested hedge these POLICIES in the impairment in are have at in Investment that use; that estimates when liability conformity temporarily to of cost, br for estimates. to unrestricted
shorter State based - of could significant of the investments retains the consist changes buildings made reinvestment. 104- of funds contingent revenues the in if including financial companies. asset. level purchased, market various on (Continued) or materially to sum securities and University recovery control through the with quoted of its restricted of in is net change publicly of long-lived estimated risk assumptions position the values and 30-40 assets in assets types U.S. the Notes assets over accordance Other market values associated The affect fund-of-funds or of expenditures are expected generally net years at and the in traded of acquired the with fair and exposed investments fair in to assets the investment useful assets the prices. of carrying may expenditures value all
Foundation, a liabilities and Financial value investment near that amounts corresponding fixed other future with with be when under accepted life furniture, if of Since to during affect subject the structures on term value valuations certain publicly of income several cases. include undiscounted securities at the there the terms capital reported partnership the Statements relates securities of the the of date assets to Nxtures, accounting investment such traded date is risks, and the withdrawal of amount real reporting leases, reported evidence generally provided of the
and Inc. assets to of in funds estate equity or gift, such fixed gift and the the will the and the net in in is if
The
estimate
by
that consists NOTE
marketable, these Foundations
The
of composition to
All certain
predict
time form
The
market
objective basis.
from Pledges
liabilities. Split
and
estimated beneficiary
restricted Funds
2009 Contribution
Externally
Foundation
using
Bond Bond
other
its
the
unconditional
would
liquidity
MSU
MSU
perpetual
of
of
investments.
approximately
Interest
and
the
issuance
investments.
Issuance
1
general
subject
the
receipt,
gift
conditions
corners significant
—
of
of
is
straight-line
Liabilities
based
2008
Foundation
Foundation
SIGNIFICANT
future
managed
have
primarily
annuities,
full
and
fair
the
crisis
records
fair
of
revenue
management
Agreements
trusts
to its
impact
value,
a
partner
were
of estimated
costs
are
been
value
upon
promises
Costs
cash
split gift
portfolio
that
the
and
include
investment
Real
determined of
3%
trusts
these
whereby
is
$1,704,261
charitable
method, attributable
and used
credit
the originally
accepts
interest
believes
receipts donor
or
liquid
recorded as
or
the
and
to
ACCOUNTING
duration
estate
discount
to
value
fund
consist to
bond
Mississippi
of
the
trusts,
8%).
may,
had
resulting
markets
assess
Bond
short-term
designations.
give
June
the
agreements
which
gifts
from present
was that
a
valuation manager
lead
discounts
using
is
is
based in
and
to are
For
ready
MSU
of
after
of
subject
rate
Discounts
valued
addition,
subject
the
linked
the
301
the
split
in
irrevocable
does
trusts,
the
uncertainties
recorded
$2,305,417,
certain
appropriate
the
value
is
instruments
discovery potential
carrying
upon
Foundation
assets
market
2009
interest
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POLICIES
adjusted
of
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to
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to
charitable
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consider
of
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State
the
-105-
split split
estimated
significantly
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at
of
projected
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for
charitable
amount
impact
underlying
fair
agreements
their
the
illiquid
of
interest
respectively.
discount
to
interest
the
contribute
2008.
internationally.
held
is
(Continued)
to
their
value
a
trust.
other
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University
investment
current
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of
Management
fair
and,
of
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as
future
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differ
existence,
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lead
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of
its
Because
rates the
factors
temporarily
partnership
value.
Notes
therefore,
assets
for
to
other
market
the
market
distributions
from trusts,
investment
market
additional
realizable
the trusts
(at
existed.
term
It
in
investments
the
to
Cash
donated
June
is
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at
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the
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of to The NOTE Income Section Revenue On recognized FASB the provides financial Interpretation Assets Liquidity their Recent (SFAS) Effective enhanced in measurements. early investments, permits, value companies did ‘would statements statements. Assets Effective and reported financial previously nvestments 159). Endowment In Prudent Organizations: Certain August July values not MSU financial nearness adopt SFAS I Statement per be are have 501(a) and Taxes No. — Accounting 1, guidance statements as Code July in position July calculated Management SIGNIFICANT share Foundation 2008 presented of 2008, in framework the recorded Entities for earnings. a 157, Financial but No. a in hedge Funds NO. 1, liabilities those accordance practical 1, significant which of of (the measurement funds 2008, or did 2008, the 159 Fair In Net No. the payment The or 48 on its conjunction Code) funds, positions That (FSP as pursuant results MSU result gave Asset the Code. at Pronouncements Value when (FIN according Liabilities 109. equivalent. the The FASB that is at the expedient, a for fair of investment ACCOUNTING a fair impact result and MSU Calculate the Mississippi 117-1). with 48), or Foundation Foundation MSU real Institutional do not-for-profit FIN tax in Measurements value; Classification measuring of value issued use provisions to MSU are expanded is operations not positions Accounting with estate, FASS — Foundation of 48 to exempt on SFAS Foundation including of Net the for determined. their therefore, have on clarifies FSP the Foundation the cash. does Staff Net the an adoption Statement asset and adopted No. adopted MSU adoption nearness Funds fair 117-1 of from are entity readily instrument-by-instrument POLICIES Asset footnote estimation Position not of of Accounting an other 157. (SFAS for the adopted value, recognized did the Funds value Foundation’s
State the have Federal amendment provides Uncertainty -106- as Act accounting of the SFAS not There determinable Financial The MSU Value funds. of adoption to No. FIN described No. (FSP) disclosures a in irrevocable SFAS (UPMIFA), and cash elect Subject Statement (Continued) of readily MSU many income 109, Standards No. Foundation. 48. 157),
University was the per guidance This in the expands and No. No. Accounting an 159, determination Foundation’s of in of Accounting for fair instances which determinable Share no to guidance fair FASB in Notes entity?s Income this liabilities taxes 117-1, 157, uncertainty fair option value an and of in The impact Section value Update statement Financial on defines Enacted notes values the basis, (or Statements disclosures on Fair Enhanced to financial Endowments of the to Taxes may Standards MSU option amends are related on Its for
Foundation, report investments Financial adoption Value of 501(c)(3) No. 2 net with fair fair including in the Income not presented fair Equivalent), and Accounting Version Foundation — 2009-12, had income asset value, value in statements changes most income an value equal MSU Option SFAS No. Disclosures regard 8 about no of interpretation Boards to of of classilication Taxes. financial using Statements establishes 115 SFAS of in private Foundation’s fair impact in tax according the the Not-for-Profit No. Investments for pursuant the the to investment in Standards fair (SFAS to elected value positions Financial fair and net items financial Internal (FASB) financial 157 No. Uniform certain
It Inc. assets on equity for value asset value also how and that 157 No. not the an to of to All to of donor-restricted NOTE organization donor-restricted version Foundation financial the issued The Subsequent In 15, participants NOTE are 2009 pool separate Foundation Investments Within absence 2008, provided Included As Other Short-term Corporate U.S. Real Partnership Equity nvestment connection 2008. of balance included MSU are Government and estate June respectively, I 2— SFAS each securities of — statements allocated accounts of in by 2008, the SIGNI19CANT As INVESTMENTS Foundation, bonds 30, the adopted investments is readily strategies in and asset the sheet is are in No. Events of the with a UPMIFA subject above the joint fund endowment approximately endowment June member summarized 165, investment securities class, the to determinable for date pool. of the were venture each managers investments table each 30, Subsequent and preparation to and MSU, disclosure of the ACCOUNTING UPMIFA. interests 2009, available Mississippi market June participant are participant. expands MSU whereby funds funds pool’s as the approximately 83% or the fair follows 30, Foundation MSU whose capitalizations. of general Events, provisions and for general to FSP state values. and 2009 the disclosure certain based be a board-designated Investment Alumni at 82%, financial 117-1 not-for-profit carrying POLICIES issued. of through the June partners. partner, Mississippi Management’s assets on State $98,1 of achieves - respectively, MSU is 107- Foundation FSP their about 30, effective values statements December 98,000 income, manages Foundation are 2009 (Continued) 117-1 share organization University an diversification pooled had have and endowment organizations for and $ $ of during gains estimates of and not Notes and bee the fiscal the 204,400,418 2008: ownership 14, $123,487,000 for evaluated 94,487,509 36,028,716 57,425,166 yet 2009 3,071,969 the 7,176,345 5,046,481 1,164,232 assets and estimated MSU in investment the 2009, that years adopted accordance to MSU through losses are year funds), Foundation, Foundation’s Financial is of endowment which of subsequent ending based the subject Bulldog ended by the UPMIFA. and allocations at purposes. whether pool, $ $ management June was pool. with upon after expenses June to Club, Statements and 239,074,917 124,937,100 the 2008 30,2009 65,576,096 33,727,322 investments funds the an At events 7,180,888 2,719,419 3,806,857 1,127,235 information December or The 30. maintains The to June date enacted recently Inc. not several Inc. 2009. of (both MSU in MSU after the and are the the 30, the Mississippi State University Foundation, Inc.
Notes to Financial Statements
NOTE 2— INVESTMENTS (Continued)
AtJune 30, 2009, the MSU Foundation’s remaining outstanding commitments to private equity and venture capital interests totaled $1,686,975. The projected capital call amounts for the next five fiscal years and thereafter are summarized in the table below: Projected Year ended June 30, capital calls
2010 $ 675,000 2011 675,000 2012 336,975 2013 - 2014 - Thereafter -
Total $ 1,686,975
Private equity and venture capital interests have ten year terms, with extensions of one to four years. As of June 30, 2009, the average remaining lifeof the private equity and venture capital interests is approximately 5 years.
At June 30. 2009 and 2008, the MSU Foundation had hedge fund investments of approximately $43,751,000 and $50,089,000, respectively. Some of the hedge fund investments with redemption restrictions allow early redemption for specified fees. The terms and conditions upon which an investor may redeem an investment vary, usually with the majority requiring 15 to 180 days notice after the initiallock up period. At June 30, 2009, the MSU Foundation had no alternative investment funds for which an otherwise redeemable investment was not redeemable.
The MSU Foundation has entered into various split interest agreements, including charitable lead annuity trusts, charitable remainder unitrusts, and charitable gift annuities, whereby the MSU Foundation serves as trustee. The assets held under these split interest agreements are included in investments at June 30, 2009 and 2008 with an approximate fair value of $5,468,000 and $7,564,000, respectively.
The following schedule summarizes net investment loss in the statements of activities for the years ended June 30, 2009 and 2008:
Yearended June 30, 2009 2008 Dividendsand interest (net of expenses of $815,363 (and $855,174, respectively) $ 7,083,087 $ 7,555,777 Net realized and unrealizedlosses (38,861,557) (14,142,434)
$ (31,778,470) $ (6,586,657)
- 108- NOTE Pledges At dates monthly $443,482, NOTE Asof NOTE Land, Unconditional Less Less Asof Land Furniture, Less One Less Over 5% June June unamortized June allowance of and accumulated buildings 3— and 4— 5—LAND, year than five 30, receivable, August payments PLEDGES NOTE 3% respectively, 30, buildings 30, fixtures 2009 years to one to five promises and 2014 for year 5% and RECEIVABLE BUILDINGS of years discount and net, depreciation equipment uncollectible in RECEIVABLE $33,238 2008, and both 2009 equipment are expected
December Mississippi the summarized with (rates and and AND are MSU a pledges 2008, $3,229, summarized to related ranging EQUIPMENT 2010, Foundation be respectively) as collected party. respectively, respectively. from
follows State - 109- as had 1% The follows in: at to
two University June notes have notes at
30,
$
$
$ $ Notes receivable June interest 2009 22,263,660 20,239,001 10,108,024 19,562,300 receivable 11,987,491 19,433,793 12,540,166 (2,024,659) (6,893,627) 4,262,201 7,893,435 7,446,302 2009 2009 (676,701) 30, to and 2009
rates Foundation, Financial require 2008: totaling and of
semi-annual
$
$ $
6% $ 2008: $366,111 Statements 20,719,268 17,732,278 17,030,437 11,987,491 13,306,918 19,450,001 (2,986,990) (6,143,083) and 8437,035 6,61 5,667,000 7,462,510 2008 2008 (701,841) maturity
5,233 Inc. and and Mississippi State University Foundation, Inc.
Notes to Financial Statements
NOTE 6—LONG-TERM DEBT
Long-term debt is summarized as follows at June 30, 2009 and 2008: As ofJune 30, 2009 2008 Mississippi Business Finance Corporation, Variable Rate Revenue Bonds, Series 2002 $ 2,400,000 Non-interest bearing unsecured note payable to a private foundation. Principal is payable as repayments are received from students. $ 267,941 311,790 Non-interest bearing unsecured note payable to a private foundation, paid in fullJuly 2008. - 1,500,000 267,941 4211,790 Less unamortized bond discount - (19,200)
S 267,941 $ 4,192,590
In April2002, the MSU Foundation issued $6,000,000 in SerIes 2002 Variable Rate Revenue Bonds through the Mississippi Business Finance Corporation. The MSU Foundation redeemed the bonds in November 2008.
Interest expense incurred during the year ended June 30, 2009 and 2008 was $25,098 and S95,430, respectively.
NOTE 7— NET ASSETS
Temporarily restricted and permanently restricted assets at June 30, 2009 and 2008 were available for the following purposes: Net Assets Temporarily Permanently As of June 30, 2009 Restricted Restricted
General college support $ 12,914,740 $ 74,445,123 Student financial aid 12,073,790 87,879,020 Research 1,010,879 16,297,408 Faculty and staff support 1,274,278 39,780,153 Facilities 4,808,804 7,915,287 Other 482,296 2,186,023
Total $ 32,564,787 $ 228,503,014
-110-
NOTE
The
and
Fair
approximates shod-term NOTE
interest June
approximates receivable
at As
Fair collateral
valuation in
The reflected
unadjusted
recurring nonfinancial General
and
Student
hierarchy
Total Faculty Research
Other Facilities
the
June
of
accounts
carrying
Value
Value
MSU
the
June
30,
calculation
7
8—
observable Level
liabilities
Level
and
financial rates
—
30,
college
2009
lowest
in
and
basis.
3U,
are
techniques
NET
FAIR
has
of
Foundation
Hierarchy
maturities
the
quoted
staff
2009
items
amounts
2008
Financial
duration.
as
carrying
currently
1
fair
payable
2
and
been
accompanying
ASSETS
support
inputs
VALUE
priority
that
inputs
support
aid
follows:
of
SFAS
value
and
2006.
that
prices
fr
the
estimated
the
the
of
used
value
reported
and
2008.
Instruments
adopted
are
The
offered
are
MSU
are
as
these
to
NO.
MEASUREMENTS
MSU
asset
(Continued)
in
The
Mississippi
they
accrued
unobservable
quoted
recognized
active
fair
to
at
inputs
Foundation’s
157
Investments
financial
fair
financial
Foundation
June
using
measure
or
to
value in
are
SFAS
the
liability,
establishes value
the
markets
prices
other
liabilities
presented
30,
current
of
statements
MSU
statements
No.
or
instruments.
2009
such
of
fair
either
than inputs
disclosed
(unadjusted)
the
has
for
and
liability.
157
interest
Foundation
approximate
value.
debt
State due
-111-
identical
various
a
on
the
amounts
quoted
directly
on
fair
(Level
of
to
a
instruments
at
ability
July
discounted
discount
financial
rates
at
value
fair
The
The
debt
University
assets
fair
or
prices
in
value.
3 for
1,
due
to
and
fair
carrying
hierarchy
indirectly;
measurements).
active
hierarchy
instruments
value
2008
acess
borrowings
rates
Notes
position
$
$
from
approximate
or
value
approximates
Temporarily
The
included
basis.
Restricted
liabilities
45,474,916
16,041,084 18,037,090
for
in
4,235,079
4,537,033
markets
1,674,467
at
and
externally
amount
fair
950,163
the
because
gives
and
the
to
fair
that
for
actuarial
The
value
Foundation,
hasbeen
financial
Financial
having
measurement
Net
within
value
cash,
(Level
prioritizes
the
for
the
fair
of
the
of
Assets
The
managed
of
carrying
pledges
identical
annuity
other
value
highest
$
assumptions
measurements
$
similar
Level
the
1
carrying
statements
estimated
Permanently
measurements)
three
Restricted
217226,004
Statements
immediate
84,246,189
69,091,649
38,073,356
16,211,370
the
receivables,
of
1,810,145
1,793,295
amounts
obligations
1
receivable
character,
date;
trusts
assets priority
the
inputs
levels amounts
that
Inc.
notes
using
used
on
are
are
or
or
to to at
of
of a NOTE The The lowest Changes Assets: which 30, Gains Shares reported classified Foundation’s redeem an redeemed investment’s $ Investments Present due 2009. following indication level Balance July 8— level (losses) Level from may or its value in to by FAIR in 1, units 72,756,984 externally in interest input the be investments 2008 Level as 3 each is underlying interest the of of inputs presented of marketable, in a VALUE fair amounts that the summary investment near 3. fund at value managed are The therein, is risks, or term, $ significant MEASUREMENTS is assets near classified unobservable Purchases! classification in hierarchy
Mississippi used of (1,210,168) liquidity, Sales are the funds trust the its the the and table classification classified as investment date levels to as as within a $ $ liabilities. the or above Level opposed practical 85846807 85.846807 of Level of inputs degree within fair the $ investments which as Net (Continued) 3 1 relate value
State statement is as in Level for -112- the transfers to - expedient classified Level or of a the direct fair to measurement fair $ difficulty June $ 2 assets asset 53,952100 26986042 80,938.142 2
University value Level or in value of is interests - the 30, Level based in financial to or 2 hierarchy held fair Level in $ 2009 Notes Gains measurement estimate liability. estimating 3. value on (6,945,305) in in by follows: $ 2, $ (losses) the position. the Because its to the 64,601,511 64601,511 otherwise Level as hierarchy entirety. funds’
the Foundation, MSU Financial MSU of the 3 fair June falls Foundation’s If the underlying Foundation - $ the fair value the is Balance June is net 30, $ $ not interest Statements value based investment 64,601,511 204400,418 231386.460 2009: of asset 26,986,042 30, necessarily Total the as holdings, 2009 of ability at on can
Inc. of value June MSU each the be to is The obligations agreement airplane, NOTE The June an funds The NOTE or designated in through The Foundation requiring 2010 Interpretations endowment as Thereafter prudent 2013 2012 2011 Amount Total In 2014 ‘Year Present accordance the absence original the MSU equipment MSU ending MSU 30, future established 9— United 10— MSU investor, value representing §79-11-617 with 2009 Foundation the LEASES Foundation’s Foundation cost that are June of ENDOWMENT Board) minimum by fund Foundation MSU a States of donor-imposed with and as expires recorded of the 30, guaranteed of net in is follows: for $4,538,794 Foundation to UMIFA, Relevant 2008, considering established, minimum Board Cited a interest of has lease function variety Board in America, endowment Board under October2013. entered respectively. Mississippi as payments the of residual Law has lease of as with restrictions. the Directors MSU Board the the determines purposes. consistent endowments, into net interpreted “Uniform accumulated capital investment oavrrents Foundation consists of to a assets lease $1,912,550, use Future of lease As to with Management Mississippi reasonable State associated agreement -113- be the of management required are agreement minimum Board depreciation over the prudent State classified goal and 950 University may by of care, State that with for accounting of other lease of individual is Mississippi expend and conserving the included and expires Institutional Notes of endowment skill, University equipment expenditures $1,592,438 payments uses reported so and August to donor-restricted principles in much and Code Foundation, caution property Financial the Funds based under Foundation purposes funds, under of and 2014 long ofendowmentfunds. of an generally as 1972 and $1,252,060 Act’ the on term endowment for including a exercised $ $ Statements the capital capital for equipment the endowment (UMIFA) §79-11-601 purchasing 3,551,342 3.175,353 1,256,652 (the existence which (375,989) use accepted 458,938 458,938 458,938 458,938 458,938 Inc. lease lease funds of MSU as fund by the an as of at a NOTE power making As of endowment assets temporarily appropriated consistent Board value The Spending policy, the investment (growth) The average development assessed The Investment in is income are To current investment subsequent designed order a 4) 3) 2) 1) 5) 7) 6) 8) satisfy long invested result annual MSU MSU of of 10— policy, (a) the its stream to its term, the yield after unit determination: the Foundation’s The an The The The of their The Foundation’s General The with Perpetuation its Policy preserve, MSU ENDOWMENT restricted endowment, pool to rate returns fund endowment this Policy for any as annual iong-term original and value spendable the tolerate (interest gifts intent purpose terms long-term other possible purposes to the and a general for Foundation interpretation, appreciation support current that alumni part economic standard to spendable are over or the 1% resources of of net value the volatility of is increase, rate the investments and the of achieved effect of spending net goal MSU administrative assets transfers. fund. the and the programs spending permanent activities not Mississippi the the (Continued) donor of applicable of of dividends). Board investment of of most conditions short-term gifts is MSU Foundation of classified endowment retum distributions, transfers, in the of The maintaining prudence until considered inflation the short through of the policy donated MSU of recent policy of considered Foundation objectives the MSU those purchasing objectives, endowment. the MSU MSU. instrument and fee. endowment Foundation is pool, needs as distributed or funds is The prescribed or Foundation both 24-month amounts intermediate-term designed to Foundation an deflation the designed This over permanently State MSU a -114- as asset are capital MSU held of the permanent purchasing the power fee an discussed the to use. The long-term semi-annually, are pool Board extended [or fund of provide is to period. by Foundation, University to MSU Board appreciation a each of the and provide appropriated remaining return UMIFA. embraces portion endowment restricted classifies endowment, colleges power Foundation in MSU a Notes performance. individual considered expected In nominal period note a for of addition, net However, of through portion the is positive 2. a (realized to and as positive the net for of total 4% capital, annual endowment funding Foundation, Financial permanently and return time. and units endowment expenditure assets the of each return of The the the growth (b) by MSU gain the following and return of while In of mechanism endowment MSU investment the endowed Mississippi MSU. establishing strategy donor-restricted is the in unrealized) in fund Statements original generating in of classified restricted market carrying asset. in endowment Foundation the 9% This factors a and manner in or market fund Inc. for assets pool’s value value which policy is Over State more out this net and not the as in an is constraints. NOTE Endowment natural Investment Changes Board-designated Donor-restricted Endowment Endowment Appropriation Investment Contributions Other Endowment Net for Transfers Change Change June nvestment funds funds endowmentfunds Total expenditures deprecAation changes: 10— 30, resources, investment in in in return: 2009 to net net net value restrictions income Pool, ENDOWMENT of endowment create net assets, assets, endowment assets, endowment- of (reaUzed endowment-type asset targets return split board-designated and beginning end by interest composition donor and of assets net hedge a type year unrealized) Mississippi diversified (Continued) agreements assets of year strategies $ $ Unrestricted by for (22,080,786) (12,890,771) 9,190,015 asset type the $ $ Unrestricted (21.227090) (20,866,267) (12,890,771) fiscal (2,290,573) of 9,156,069 to 1.110.000 allocation 360823 fund State -115- achieve year $ $ as Temporarily - - - restricted 6,690,128 ended of 6,690128 that $ University $ long-term Temporarily June (13,963955) restricted 24,306972 (9,263,280) (8,353,564) 4.700.675 6,690.128 includes June - Notes 30, $ $ 2009: - - - - 30, objectives Permanently global restricted 228,503,014 to 228,503,014 $ 2009: S Permanently 217,226004 Foundation, 228.503,014 Financial restricted 11,073,098 equities, (336,742) (332,523) 392,000 144.435 4.219 within - - - $ $ fixed Statements prudent $ $ 213,112,356 222,302,371 250.689,045 222.302,371 (35521,787) Total (10,644,137) (30,462,070) 9,190,015 11,073,098 5.065,717 1,110.000 Total income, 392,000 144,435 Inc. risk Mississippi State University Foundation, Inc.
Notes to Financial Statements
NOTE 10— ENDOWMENT (Continued)
Endowment net asset composition by type of fund as of June 30, 2008:
Temporarily Permanently Unrestricted restricted restricted Total
Donor-restrictedendowment-type funds $ (1,015,890) $ 24,306,972 $ 217,226,004 $ 240,517,086 Board-designatedendowment-type funds 10,171,959 - - 10,171,959
Endowmentnetassets. June 30.2009 $ 9,156,069 $ 24,306,972 $ 217,226,004 $ 250,689,045
Changes in endowment net assets for the fiscal year ended June 30, 2008: Temporarily Permanently Unrestricted restricted restricted Total
Endowmentnetassets, beginningofyear S 11339,624 $ 40.162021 $ 203035,187 S254,536.832
Investmentreturn: nvestmentincome 445,967 4.923.345 13,769 5.383.081 Netdepreciation(realizedandunrealized) (1908,589) (12,254,970) 196,143 (13.967,416)
Totalinvestmentreturn (1,462,622) (7,331.625) 209,912 (8,584,335)
Conthbutions - - 10.770.210 10,770,210
Appropriationofendowmentassets forexpenditures (720,933) (8,523.424) - (9,244,357)
Otherchanges: Transferstocreateboard-designated endowmentfunds - - (1,167,167) (1167,167)
Changeinrestrictionsbydonor - - 3,367,490 3,367,490
Changeinvalueofsplitinterestagreements - - 1,010,372 11010,372
Endowmentnetassets. end ofyear $ 9,156,069 $ 24,306,972 $ 217,226,004 $ 250,689,045
Funds With Deficiencies As a result of market declines for certain recently established endowments, the fair value of certain donor-restricted endowments was less than the historical cost value (original giftlbook value) of such funds (“underwater”) by $22,0890,786 and $1,015,890 at June 30, 2009 and 2008, respectively.
-116- - -
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The Amortization
reported
amounts NOTE
funds. pledges computed
The history,
other
$1,322,000
The
funds)
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partnership
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values readily
The reasonable
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trusts
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UM
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30,
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2009
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UM
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The
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Since
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gift
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(CRUT5)
-119- valuations
amount
2009
was
fund-raising
values
of
values. judgment,
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market
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POLICIES
policies
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partnership
accompanying
UM
and estate as Mississippi
for
as
note
statements.
charitable
Notes
one
in
at
taxes:
the
and
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which
Foundation
fair
as
with
and
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4
fair
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subsequently value
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recorded to
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Financial
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and these
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certain
the
as
the
3
as
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are
as
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in a NOTE discount agreements annually designations. The trust. trust Accounting Recently ess In recognize FIN the not effective for July enhanced (SFAS) Foundation’s 15, early measurements. Effective in investments investments, value companies permits, would statements did financial (SFAS Financial Effective changes impact regard June Certain Certain FASB of 2008. 48 the UM not is 1, adopt 2— being per recorded clarifies be 2009, 2006, to have present on No. Foundation No. rate date and as July Issued issued SUMMARY in assets calculated July items in share Assets The the Nonpublic for framework Entities the for fair a 157, sustained are but its 159). a used in and the hedge financial the of practical 1, Uncertainty which significant UM financial the 1, measurement financial value funds did not value classified FIN at or 2008, Fair FASS In Financial Accounting and the 2008, and beneficiary SFAS to accounting the Foundation its conjunction result previously is funds, 48 That pursuant the Value value reported adoption equivalent. OF financial Enterprises. the of Financial that on statements. the present expedient, Staff to for position statements the investment any No. impact audit, in its SIGNIFICANT Calculate beneficiary as in UM Accounting real do Measurements the measuring expanded annual Position UM income applicable temporarily provisions 159 payments recorded for to Standards not in Foundation has value of estate, liabilities with beneficiary based Liabilities or on SEAS earnings. Foundation uncertainty FIN Net gave for have results elected the financial the FSP the does Net Taxes, (FSP) of of the 48 asset Standards and on footnote University No. UM the at adoption the impact of fair one liabilities readily at ACCOUNTING adjusted Asset is FIN estimation restricted the not fair — of Accounting adopted otherfunds. (SFAS to The liability estimated not Foundation’s FIN fair 157. UM an value, including externally value statements operations in adopted have defer technical 48-3 value; -120- Interpretation of anticipated tax disclosures 48-3, value UM determinable Foundation Value The Board of for a No. a in accordingly. is positions permits the and tax Statement or Foundation SFAS therefore, of readily projected fixed many Effective UM an Standards future on 157), SFAS permanently managed the application per merits position, (FASB) of This of for expands determination POLICIES amendment an Foundation’s No. the fair at to an instances which fiscal Mississippi determinable Share in the and guidance cash Notes instrument-by-instrument of No. the have of the note fair Date UM entity value 157, of distributions issued FASB did if the irrevocable Update requires charitable years gift Funds Financial defines adoption 159, that receipts values of Foundation, (or disclosures any not 5 the restricted of position. to (Continued) within of FIN date. to may Statement of FASB FASB amends position elect its beginning of The investments adoption material UM Financial the No. FAS subject 48 fair fair that fair including not Equivalent), from of Accounting financial its remainder CRUTs Foundation Fair to the 2009-12, to option Interpretation Interpretation value, value this value Statements the In equal based scope Foundation third the SFAS is fair the about impact No. December of Value statement to more after UM year using Statements SFAS establishes to in value assets private are parties. fair split in statements. 109 upon to Investments No. the Foundation trust. report investment December Standards basis, likely fair beginning to elected to Option value revalued defer (FIN net financial interest option 157 No. No.157 the No.48, certain No. donor of had 2008, equity value asset This The than most 48). the with and UM that the 115 48 an for no to in
donor-restricted
or
version
The Endowment NOTE
Prudent
Organizations: In
2009.
December
statements
the
The Subsequent
dates
fiscal issued
fiscal June In
during
NOTE
thereafter).
As
Allowances Temporarily
Present
Permanently
August
connection
not
of
balance
UM
UM
30,
June
year
year
through
the
2—
3—
SFAS
the
of
Foundation
Foundation
value
Management
2009,
the
2008,
organization
30,
SUMMARY
PLEDGES
2015,
2010,
15,
period were
sheet
for
A Funds
restricted
restricted
No.
Events
UPMIFA
with
2029
discount
summary
2008.
doubtful
pledges
Net
The
endowment
and
available
$16,711,000
165,
date
the
including
(FSP
(approximately
Asset
adopted
obtains
FASS
$3,061,000
As
RECEIVABLE
Subsequent
preparation
and
OF
of
of
is
(ranging
pledges
mature
of
of
June
117-1).
subject
Institutional
SIGNIFICANT
Classification
to
expands
pledges
June
issued
pledges
the
fiscal
funds
be
30,2009
is
at
from
disclosure
issued.
due
30,
to
is
FSP
various
of
Staff
year
$9,136,000
Events,
for
receivable
due disclosures
UPMIFA.
through
33%
2009,
the
in
Funds
117-1
a
University
through
total
thereafter).
Position
2010
of
financial
not-for-profit
ACCOUNTING
dates
to
the
provisions
the
Funds
fund
5.1%)
during
provides
Act
-121
through
FSP
as
UM
is
state
about
through
October16,
due (FSP)
of
raising
statements
(UPMIFA),
Subject Foundation
-
117-1
the
June
At
of
in
an
of
organization
guidance
fiscal
Mississippi
fiscal June
No.
period of
2030 FSP
organization’s
projects
POLICIES
30,
is
to
117-1,
Mississippi
effective
2009,
year 30,
117-1
Notes
year
an
and
2009
(approximately
and
evaluated
including
on
2008,
Enacted
$
S
in
2009,
in
which
Enhanced
2014,
during
had
Endowments
and
support
that
the
21,480,174
22,273,648 28,733,744
accordance
(4,688,644)
(1,771,452)
(Continued)
to
7,253,570
for
2009
endowment
pledges
not
net
2008
$23,245,000
Financial
is
was
fiscal
fiscal
subsequent
and
the
Version
subject
of
yet
asset
the
$8962000
year
follows:
various
Disclosures
$5,352,000
year
years
adopted
Foundation
mature
date
with
of
classification
ended
of
funds,
to
$
$
Non-for-Profit
Statements
2011
is
ending
activities.
the
the
events the
an
26,865,432
37,732,623
22,882,931
10,867,191
(7.367,764)
(7,481928)
due
at
2008
UPMIFA.
June
enacted
financial
whether
is
Uniform
recently
through
various
is
for
in
due
after
after
total
due
30,
All
of
At in The
NOTE
As
U.S. Corporate
Certificates The Other
NOTE Other assets fair establishes Equity recognized involving identical Real Partnership hierarchy
The the
of
value.
UM
UM lowest
Government
June
estate level
4 fixed
short-term
securities
5—FAIR
and — observable liabilities Level Level
Foundation’s
Level
Foundation
significant assets
30,
INVESTMENTS
are
bonds in
The
income
level of
or
a and
financial
the
fair
as deposit
disclosed 3—inputs
1
2
hierarchy —
fair member
VALUE —
input
or investments
that follows:
value
securities
inputs
inputs
securities
for
liabilities
value
unobservable
adopted
the
investments
liabilities
that
the
hierarchy
at
are
MEASUREMENT
gives
interests
are
UM
hierarchy are
fair
is asset
unobservable
significant SFAS
quoted
Foundation (Level
value
inputs
the
and
or
that
inputs
highest consist
No. liability,
within
in
for
1
prices
prioritizes
other
the
University measurements)
157
to
fair
(Level
has
financial
of
which
the priority
inputs
either
on
than (unadjusted)
value
the
the
fair
-122-
July
the 3
following
a
quoted measurements).
for to
ability
directly
value
fair
measurements
statements
inputs
1,
unadjusted
the
2008
measurement
of
and
to
measurement
asset
in prices
or
to
at
access
for
Mississippi
active
valuation
indirectly.
the
June
Notes
fair
on
or
$
S
quoted
included
lowest
102,144,717
250,547,579 liability.
a
value
30,
as
83,641,546
19,384,749
33,848,293 The
of markets
recurring
4,023,458
6,808,299
2009
to
in
the
396,250
300,267
techniques nonfinancial
2009
in
its
prices three
Financial
measurements
priority
its
measurement
entirety
within
for
and
entirety.
levels basis.
in
Foundation
identical
to
active
2008:
Level
$ used
$
falls
measurements
of
items
Statements
SFAS
291,801,578 143,271,349
the 84558,891
37,190.129 14,211,342
4,679,491
markets
is 2008 6.958,299 to
of
1
date.
647,626
284,451
assets
based
fair
measure
financial
that
that
No.
value
157
are
are
for
on
or
The
hierarchy
NOTE
financial
See
The
methods
participants,
indicative
interest
investments Foundation
Corporate
Other U.S.
Other
Certificates
Equity
Partnership
Beneficial Real
Balance
Balance
Net
Net
Total
(losses)
following
Note Government
following estate
fixed
short-term
securities
purchases
5—
realized
investments
in
instruments
interest
bonds
used
as
2(e),
as
as
income
of
FAIR
of
remainder
and
believes
of
the
deposit
classified
of
of
net
table
table
member
Investments,
investments
to June
June
June
securities
and
VALUE
in
use
securities
realizable
determine
(sates)
remainder
presents
includes
of
unrealized
30!
could trust.
30,
30,
its
interest
within
different
2009:
MEASUREMENT
valuation
2008
2009
result
trust
value
These
and
the
the
Level
a
rollforward
methodologies
gains
fair
$
$
Note
$
financial
in
or
methods
3.
methods
102,144,717
178,802,592
a
value
Level
69558327
reflective
2(h),
different
7,000,570
University
98978
I
assets
of
of (Continued)
Split
$
$
may
the
are the
- -123- -
- - Real
-
fair
or
of
Interest
6,958,299
6,808,299
carried
UM
produce
assumptions
amounts
appropriate future
$
(150,000)
$
$
value
estate
38,951,105 14,083,219
12,384,179
Level
Foundation’s
3,924,480
7,862,710
396250
300267
Agreements,
of
fair
measurement
at
a 2
-
for
fair
fair
Mississippi
values. Notes - -
-
and
the
to
value
$
$
value
and
Partnership
determine
25,864,286
25,985,583
$
$
$
interests
(3.742,703)
year
3,864,000
investments
consistent
member
25,985,583
32,793,882 to
by
for Level
Furthermore,
6,808,299
3,730,226
calculation
as
ended
Financial
level
information
the
3
the within - - - - -
-
reporting
with
fair
June
Foundation
and
that
$ $
$
$
$
value
remainder
interest
Beneficial
while
Statements
other
3,417,765
3,730,226
the
regarding
its
30,
250,547,579
102,144,717
trust
312,461
may
83,641546
33,848,293
19,384,749
Total
4023458
6,808,299
3.730,226
beneficial
date.
valuation
of
2009
396250
300,267
the
market
certain
not in
-
UM
the
for be The All NOTE Profit funds of Uniform December31, adopted including: The determined as original as donor endowment The restricted achieving outweighs Joint inflation equity-like portfolio and markets. excess Foundation moving Directors allocations. Income spending. funds Endowment of permanently • • • UM State UM used the and Organizations: Committee 6— memorandums The power Determination The Prudent value Foundation of subject average available plus by Foundation date and related NET net Cash of of an inflation their to securities. classification ability its fund the is Mississippi the any of annualized or 2008 of No to assets meet donor ASSET to Funds restricted short-term to is subsequent Management state the as UM of provide that disclosures. on distribution achieve portion for to the not and a the provides adopted donor short-term Investments spend has agreements Foundation. spending fixed is until as Net as of a Uniform of CLASSIFICATION Fixed market the not strategic has agreement. to established of of domicile, income total net of Asset the restricted a volatility sum, classified spend corpus whether July endowment guidance gifts FASB not total the assets income needs, of FSF amounts value return, Prudent is liquidity 1, Institutional adopted original Classification agree and asset determined to stability, return, rate. The of 2008. 117-1 Staff risk. UPMIFA provide the endowment a per in thus policies an other securities on through donor
University permanently of Management amount that original are earnings, needs. As Position unit. endowment. the also gift UPMIFA. net This the protecting OF especially income. a for appropriated investing Funds net requires intended by result, value of to portfolio, The provides - ENDOWMENT appreciation standard, the of gift to 124- asset achieve a are investment funds. (FSP) The and total objective Funds be preservation Act donated The of the restricted The used the of in during spent classification a primary an guidance the but return (UPMIFA),
of SFAS majority Institutional securities As UM number the assets which remaining Subject for endowment to is endowed a
Mississippi is and to involves management overall, Foundation’s Notes a lower periods expenditure result, system to net No. the FUNDS performance residual is of of against provide income, relative of assets effective permanent to with 117-1 and the assets of the portion Funds the to management long-temi an taking donor and assets of fair to Enhanced higher short-term Financial to UM inflation. to relatively weak is Enacted Endowments maintain greater are is value the in Board fees classified net Act for of restricted Foundation approved 5 accordance objective will endowment the invested investment return percent asset years
Foundation (UPMIFA). investment or and of of donor-restricted be than Disclosures stable negative The Version the volatility its assessments, Statements Directors classification in expenses, ending expectations allocated endowment purchasing original by temporarily of of in the of Board classifies spending equity Not-for- Board with a process and the goal of When rate 3-year equity of after has the and the gift for the UM the for or of of of in
are
NOTE
Changes
any
permanently the
The net Due
net
$8,748,000
beneficiary. Appropriation
position.
respectively, value NOTE
UM
Conthbutions
Appropriation Donor-restricted
Net
Contributions Investment
Donor-restricted
Net
Investment
Donor-restricted
net
Investment
net
net
Investment
as
assets
assets.
appreciation
appreciation
net
original
Foundation
to
UM
assets
assets
assets
amounts
follows:
6
7—
unfavorable appreciation
—
Foundation
in
return:
return:
NET
LIFE
(deficit)!
(deficit),
(deficit)!
income
income
and donor-restricted
to
Future
to for
The
for
gift
which
restricted
endowment
endowment
endowment
endowment
endowment
(depreciation)
(depreciation)
expenditures
expenditures
ASSET
of
$472,000,
is
INSURANCE
face
value
such
June
deferred June
June
gains
market
are
above
has
amount
30.
30,
30,
of
CLASSIFICATION
policies
investments
reflected
will
obtained
2007
the 2008
2009
fluctuations,
respectively,
the
and
endowment
be
of
POLICIES
funds.
historical
used
life
recognized
as
$
$
as
life
Unrestricted
insurance
of
to
(8275,537)
other
were
June insurance
(8,747,842)
(472,096)
(472,
At
the
restore
University
and
cost
net
June
(209)
UM
OF
305)
30,
as
assets
these
below
assets
policies
-125- value - - - -
-
these
revenue
ENDOWMENT
Foundation
2009
30,
policies
S
deficiencies $
Temporarily
in
their
of
(20,565820)
for
(27,806238)
restricted
76,783.272
56,
(7,768,281)
deficiencies
(9.036,789)
2009
and
7,637,405
in
5,705.977
24,949,526
such
the
the
086,576
only
excess
of
for
originat
2008
accompanying
has
years
and
funds
Mississippi
which
when Notes -
-
have
FUNDS
endowments
of
was
2008,
ended
in
$123,130,634
$
cash
increases
contribution
collected.
Permanently
it
130,61
unrestricted
restricted
been
$1,330,000
137,929,570
has
to
7,489.155
7,309,781
surrender the
Financial
June
been
9,789
recorded
statements
fair
temporarily that The - -
-
30,
named
Foundation
by
values
net
have
and
value
$
$
2009
cash
in approximately
Statements
assets
199,913,697
1
$1,367,000, (21,037,916)
(36,081775)
unrestricted
fallen
86,234,060
of
154,131,254
(7,768,281) Total
(9,036,789)
owner
held
7.489.155
7,637,405
7.309,781
5,705,977
of
and
surrender
restricted
financial
certain
before
below.
by
2008
and the NOTE The amounts investments $5515000 Liabilities designated respectively. remainder NOTE Property Depreciation As useful NOTE purposes: Permanently Land Accumulated Building Property The academic As Academic Scholarship Faculty Library of UM of vast Total June 8— 9— life June Total 10— Foundation of and under and support CHARITABLE majority support of PROPERTY of and income and 30, in and on NET 30, the and the equipment the The expense restricted equipment support depreciation equipment, the remainder program $6,726,000 building income ASSETS trust program of discount from statements administered temporarily agreements, has AND the net consist support. and —30 TRUSTS trusts support trust’s net been rates assets as EQUIPMENT the of years of totaled of restricted assets computed financial assets used charitable the June usually at and following June University $4,352,873 in will 30, must the net this position. upon become 30, utilizing remainder 2009 equipment assets be -126- measurement at 2009 the distributed June and and the Pursuant death the at and of June 2008, trusts $5,918,882 30, property —7 straight-line of 2008 Mississippi to 2009 $ $ Notes 30, $ $ range and the with the respectively, to 139,432,931 (1,218,283) 2009 64,990,577 30,415,319 30,583,380 13,443,655 3,005,713 3,305,713 the were 2,087,430 of and income 2009 income 10 2009 investments 300,000 as the from to trust years. method 2008: of and available Financial UM June beneficiaries beneficiary. 525% agreements, 2008 and Foundation 30,2009 over Foundation of $ were $ are for to $ $ approximately Statements the 129,843,127 6.20%. (1,188,640) the 28,333,715 59,878,745 28,632,139 reported 12,998,528 3,468,271 4,133,271 2,944,631 available 2008 each 2008 and 665,000 estimated specified at following a 2008, year. time The as for The NOTE and 2009 The assets these organization, Association approximately UM Distributions approximately organizations 2008, respectively, respectively, Foundation will NOTE a donors Foundation related Included the corpus Foundation charitable death revert are affiliated UM UM and investments, the 11 of 12— to must direction, accounted Foundation Foundation in the — 2008, UM the of to other FUNDS maintains manages MISSISSIPPI the organization, to the to and be UM to Mississippi to for organizations. Foundation and $668,000 $2,445,000 the allow respectively. donor’s disbursed these the UM fiscal liabilities Foundation. on $15,527,000 as University made for HELD assists an Foundation. administered UMAA donors well the funds at years organizations, annual surviving and Common trust’s received the distributions then COMMON as are to and FOR with for Foundation. These funds $392,000, of 2009 one fair to During $539,439 such basis. $1,917,000, certain Mississippi assets OTHERS fund receive and spouse value or funds approximately Fund and received funds designation more fiscal FUND raising It all $13,539,000, to other with University the 2008 of respectively. Trust. and for a as these of are qualifying the In Alumni donor charitable earnings years directed TRUST and respectively, others third which activities $2,655,324 include addition commingled -127- underlying The organizations, may distributed, $752,000 does party 2009 Association of were donor charitable through distributed be approximately respectively, of $15686378 deduction to not organizations. of and made UM at investments. for made these directed with make and June Mississippi are and the 2008, the Notes by and organizations at the $127,000, to not donor’s affiliated at 30, an University processes for the the a trust $15,491,000 UM the and the included for annual charitable $2,462,000 2009 to gifts UM During organization’s Earnings was Foundation’s direction UM will Financial the S16,282,368 Foundation. organizations, and respectively, to designation or of established the Foundation in UMAA within fiscal the other organization, 2008. Mississippi the Foundation receipts and and and of trust. changes year instruction one Statements $14,519,000, the respectively, investments direction, $2,041,000, Foundation. losses at Remaining from of by 2009 year June for received affiliated The the funds Alumni the many of these at from after and UM 30, UM UM or net the of to it University of Southern Mississippi Foundation
Notes to Financial Statements
NOTE I — ORGANIZATIONAND SIGNIFICANTACCOUNTING POLICIES
Organization The University of Southern Mississippi Foundation (the USM Foundation) is a not-for-profit entity organized under the laws of the State of Mississippi to provide support to The Universityof Southern Mississippi (USM) and its students. The USM Foundation depends on USM to provide the staff and facilities for its operations (see note 12).
Foundation Aviation Holdings, LLCwas formed by the USM Foundation inOctober 2008 as a single member limited liabilitycompany. The USM Foundation’s consolidated financial statements include the accounts of Foundation Aviation Holdings, LLC. All significant intercompany accounts and intercompany transactions have been eliminated.
Basis of Accounting The consolidated financial statements, which are presented on the accrual basis of accounting, have been prepared to present balances and transactions according to the existence or absence of donor-imposed restrictions. This has been accomplished by classification of net assets and transactions into three classes — permanently restricted, temporarily restricted, and unrestricted as follows: Permanently restricted net assets net assets subject to donor-imposed stipulations that they be maintained permanently by the USM Foundation. Generally, the donor of these assets permits the USM Foundation to use all or part of the income earned on related investments for general or specific purposes in support of USM. Temporarily restricted net assets net assets subject to donor-imposed stipulations that may or willbe met by actions of the USM Foundation andlor the passage of time. Temporarily restricted net assets include contributions designated to a particular college or unit. To the extent that restricted resources from multiple donors are available for the same purpose, the USM Foundation expends such gifts on a “first in, first out” basis. Unrestricted net assets net assets which represent resources generated from operations or that are not subject to donor-imposed stipulations.
Revenues are reported as increases in unrestricted net assets unless use of the related assets is limited by donor-imposed restrictions. Expenses are reported as decreases in unrestricted net assets. Gains and losses on investments and other assets or liabilities are reported as increases or decreases in unrestricted net assets unless their use is restricted by explicit donor stipulations or by law. Expirations of restrictions on net assets (i.e., the donor-stipulated purpose has been fulfilled and/or the stipulated time period has elapsed) are reported as net assets released from restrictions. Contributions, including unconditional promises to give, are recognized as revenues in the period received. Conditional promises to give are not recognized until they become unconditional, that is, when the conditions on which they depend are substantially met. Contributions of assets other than cash are recorded at their estimated fair value. Contributions to be received after one year are discounted at a rate commensurate with the risk involved. Amortization of the discount is recorded
-128-
judgment
as
assets
relevant
NOTE
contributions.
amounts Income
The The
as
various principles
occur
securities, consolidated Use
Advances Another
current
At
allowance
years
that pledges USM
donated.
Statement Furniture
useful
Obtained Furniture
contribution
June
interest
have
USM
of
preparation
Foundation’s
and
in
1
are
life
Estimates
companies
receivable
and
30, factors.
—
estimate
the
is
of
and
for
not
and
Foundation’s
ORGANIZATION
furniture
of
requires
and
Depreciation
it
reported
for
rate,
•
•
•
based
of
assets
2009,
is
realized
near
the
Internal
financial
been
analysis
Position
uncollectible
at
equipment
revenue
Equipment
or
as
as
as added
impose
AHowance
market
assets.
least
of
that
term
advances
on
the
increases
and
increases
increases
levels
within
financial
and
completed
management
as
financial
and
an
Use,
is
USM
statements.
to
reasonably
liabilities
and
of
follows:
University
No.
and and
restrictions
fixtures
investments
particulariy
of
analysis
the
and
the
various
The
unrealized
are
and
equipment
is
that
98-1,
recognized
pledges.
credit
to
Foundation’s
statements.
AND
(decreases)
(decreases)
principal
(decreases)
creditworthiness
statements
agings.
made
estimated
USM
stated
depreciates
such
is
At
and
markets.
of
Accounting
seven
SIGNIFICANT
to
risks.
possible
June
on
susceptible Actual
totaling
economic
disclosure
are
for
gains
make
changes
at
of
their
is Management’s
in
of
Due
30,
a
years.
uncollectible
invested
provided
cost
useful
in
accordance
in
in
in
interpretation
permanent
results
that
Investment (losses)
use; permanently
over
estimates
temporarily
Southern
$360,275.
2008,
unrestricted
conformity
to
-129-
for
if
of
could
conditions,
of
the
to
changes
lives
Software
purchased,
an
the
ACCOUNTING
the contingent
significant could
in
on
there
level
on
estimated
various
donors,
materially
for
with
Costs
the
endowment
estimate
contributions
and
securities
represent
investments
with
restricted
differ
of
were
of
automobiles restricted
net
in
straight-line
costs
donor-imposed
financial
relevant
risk
the
assumptions
Mississippi
of
or
types
assets assets
change
Notes
U.S.
past
from
no
useful
values associated
Computer
affect
at
are
of
are
amounts
such
POLICIES
net
collection
generally
fair
the
fund;
net
of
those
capitalized state
information
and
in
of
to
exposed
in
based
investment
life assets
the
and
assets
of
all
method
value
allowance
advances
permanently
the
Financial
liabilities
investment
of
estimates.
other
law
restrictions,
that
amounts
Software
office paid
with
near
five
experience
upon
accepted
(Continued)
if
on
to
if
require
affect
the
Foundation
over
the
to
in
cases.
certain
years.
several
about
term
the
equipment
securities
to
at
accordance
USM
for
terms
management’s
terms
reported
Statements
the
USM.
the
Developed
restricted
securities
date
relates
the
uncollectible
if
that
donors
accounting
investment
any 1
for
date
risks,
and
estimated
of
of
reported
of
projects
they
the
the
on
and
is
to
in
of
other
gift
such
with
and
five
net the
the will
the
the
gift
gift
be
or
in if NOTE Investments estate securities Investments is of The predict to certain market composition of All Pledges basis The Split of of liabilities. designations. agreements beneficiary The Aviation Income of Revenue Planned policies Planned a Assets their Liquidity All Cash are based pooled other its annuities, conditional the receipt, unconditional highly liquidity USM considered investments. USM Interest nearness using investment I Internal Equivalents the conditions corners significant — are on of Taxes Holdings, investment are giving ORGANIZATION Giving Foundation liquid Liabilities Code which full a Foundation recent presented and a crisis of in pooled are gift reported risk-free promise Agreements its equity impact Revenue of of cash are inventory, to section pledges classified the funds portfolio is that Inventory the payment appraisals. and LLC be investment income include recorded determined funds USM investments securities originally credit accepts cash according or
University to interest at the is are is Code. 501(a) give lair duration disregarded to to exempt Foundation which and as reported or equivalents. resulting funds, the AND markets give assess value. which based use temporarily gifts rate. was real present valuation with Accordingly, as using to are includes SIGNIFICANT with of of charitable from subject their estate, linked an the at Transactions constitutes in readily recorded cash. the uncertainties upon as is a an net the
of organization value potential nearness federal designated the an existing original principally wills, restricted asset estimates. U.S. to are
Southern the entity determinable owner remainder no split of -130- at recorded fair and projected a revocable provision value. income ACCOUNTING impact their maturity illiquid interest future separate to are and contribute value internationally. cash discount or described to estimated accounted the beneficiary, permanently Other trusts, of Management uncertain at credit taxes future and agreements. for these of of fair trusts,
Mississippi fair sub-prime from Notes three assets income investments, rate. to values liabilities or value. on market in market distributions the POLICIES realizable additional charitable for and months section event. related is to It Funds USM donated restricted on taxes is and not lending The the continues Financial conditions. are conditions not These a recorded Foundation trade all face fair or 501(c)(3). subject which income value possible presented lead have risks (Continued) to less investments markets less
Foundation value gifts based value the date trusts. been on associated consist when to on Statements as any to annuity are under The of at a the basis. monitor of split for it according upon has discounted this Foundation real made. in represents At applicable purchased insurance valuation unstable purposes primarily the the in interest internal spread time or estate donor Real debt form with trust time the to to
Accounting Contributed
statements
Contributed
NOTE
scope In
Recently
more recognize
financial beginning FIN
Interpretation
December
disclosed
(Statement
establishes orderly
fair material FIN
amends measurements Effective
2009-12,
determinable of Foundation
and including
Equivalent),
the instances,
statements
Statement
Staff
on not statements
nonfinancial
Effective
Foundation
Value
June
investments
an
48
value
have
48
provisions
nonfinancial
Position
likely
instrument-by-instrument
1
clarifies
to
to
Option
transaction 2006,
—
impact
Statement
liabilities
July
the
July
a
defer
Issued
private
at
as
in
Investments after
ORGANIZATION
may
2008,
No.
than
significant
of
No. for
on
elected
on
the
goods
fair
a
their
to
year
Goods
liabilities
the
the
fair
No.
activities
1,2008,
1,
FAS
for
Uncertainty
a
framework
a
the
157
not December
157),
of
irrevocable
to
the
certain
value
(see
not
nonrecurring in
2008,
nonrecurring
liabilities
Financial
price
value
equity the
Accounting
consolidated
Financial beginning
48
the
and
accounting
Statement
between
equal
157-2,
No.
until
investment
to and
of
effective
and
Fair
for
FASB
note
early
in
impact
USM
that
the
being
University
that
the
[or at
using
157
in
investments
fiscal
investments,
services
the
Certain
fair
Value Services
estimated
that
Effective
USM
in
15,
for
fair
Accounting
Certain
USM
are
3).
option
adopt
would
and
Foundation’s
Assets
market
issued
financial
AND
July
value
Income
sustained
on
net
date
basis.
years
for
No.
basis.
are
2008.
measuring
Standards
value
recognized financial
companies
Measurements,
basis,
Foundation permits,
In
Nonpublic
its
Foundation
1,
asset
uncertainty
the
are
SIGNIFICANT
to
recognized
be
that
junction
157
of
2009,
Entities
participants
2010 FASB
Date
and
beginning
fair
report
On
in
Taxes,
measurement
statements The
The
measurement
received
hedge
recorded
FIN
with
Standards
would
value
on
funds
of
to
value
July
statements
Financial
as
of
consolidated
and
consolidated
USM
USM
Staff
fair
audit,
fair
48
changes
most
or
Enterprises.
a
FASB
Southern
adopted for with
an
That
1,
adopted
in
funds,
per
practical
be
-131
or
the
disclosed
to
(see
that
after
value
value
2009,
to
tax
Interpretation
Foundation
at
Foundation
Position
which
forfair
as
financial
disclosed
calculated
based
ACCOUNTING
on
share
the
its Board
adoption
sell
the
Calculate
Statement
Liabilities. positions
-
do
provisions
note
revenues
November
in
a
of the
real
annual
FASB
the and
adoption
measurements
measurement
recurring
the
an
fair
expedient
value
financial not
nonfinancial
financial
the
or
(FASB)
on
impact
at
12).
(FSP)
estate, FSP
USM
assets
asset
value
provisions
its
at expands
of
fair
have the
pursuant
Mississippi
No.
investment
believes
has
and
financial
Notes
measurements
Net
fair
equivalent.
of
No. FIN
of
and
FIN
Statement
Foundation
technical
15,
value
of
FIN
issued
basis. of
FASB
159
or
recorded statements.
elected
Accounting
statements.
and
value
requires
and
for
readily
POLICIES
Asset
48
157,
a
48-3
Statement
2008
paid
expenses
48-3,
(Statement
the
tax
to
date.
disclosures
items
financial
applying
is
to
of
other
in
of
statements
Statement
in
FASB
delays
Statement
not
Statement
Financial
permits
estimation
to
FASB
the
does
position,
to
for
determinable
Value
the
merits
nonfinancial
Net that
in
No.
Effective
Statement
transfer
will
anticipated defer
that
funds.
all
changes
consolidated
Standards
of
consolidated
(Continued)
Interpretation
asset the
liabilities in
these
the
not
be No. financial
159
nonfinancial
Statement
Foundation
are
per
of
an
No.
the
the
No.
USM
about
if
required
effective
No.
the
for
No.
have
of
entity
that
gave
157,
a
Statements
This
value,
Date
recognized
159),
provisions
Share
application
consolidated
the 109
in
liability
No.
fiscal
position.
157
to
assets 157.
Foundation
Update
at
fair
assets
net
position
fair
the
guidance
have
a fair
within
the
(FIN
of
fair
financial
157
financial No.
The
in
to
defines
No.
assets. date
values
readily
assets
(or
FASB
FASB
years
many
value value
apply
value
in
USM
USM
also
48).
and
and
Pair 157
any
No.
48,
will
an
its
Its
or
of
of In is The NOTE at The consolidated Prudent Organizations: endowment Endowment endowment and of Mississippi 1 Subsequent events the In issued. November Investments NOTE As The annuities with At held below Pooled US. Corporate Corporate Real Cash Other Real is fair connection FSP June recently of USM effective expands FASS USM value; a under June Government 1 estate estate 2— surrender their fair 117-1 after — Management investments 30, Foundation ORGANIZATION and INVESTMENTS value Foundation 24, had 30, funds), funds issued therefore, these Funds, debt equities historical 2009 issued financial are for the Events investment disclosures with during pooled 2009, not Net fiscal summarized of obligations consolidated for value split and the SFAS yet regardless $544,460 which obligations Asset the FASS a which did cost, statements. and preparation the income years 2008, interest University adopted of has not of year not No. trust Institutional adoption about provides Classification mutual and insurance -for-profit entered is AND Staff ending the elect ended 165, and as the funds, of agreements the statements UPMIFA. fair endowment whether follows SIGNIFICANT date the of $711,350, Subsequent funds Position deficiency of guidance into after value June the organization whereby this fair policies Funds the of consolidated various at of an December statement value The of 30, consolidated June are Funds Southern of (FSP) organization certain respectively. about funds Act of -132- 2009 the USM financial Events, included option $2,538,573 split ACCOUNTiNG 30, that USM (UPMIFA), Subject the (see (both Foundation No. permanently had 2009 15, interest financial is in the net Foundation position in financial subject no 2008. regards note 117-1, is donor-restricted and investments USM to Mississippi asset subject impact and Notes agreements, $ an $ and 10). statements 2008: As adopted to Foundation $273,916, POLICIES Enacted 13,908,675 date 11,507,583 to restricted 42,511,749 classification Endowments statements 9,597,384 4,582,326 1,813,664 an on 2009 Enhanced to of items to serves 550,429 505,656 UPMIFA. June enacted the 46,032 of Financial at the June USM not June Version and and including investments as 30, respectively, evaluated (Continued) disclosure were previously Foundation trustee. Disclosures version of in Foundation’s 2009, FSP 30, 30, board-designated of $ accordance donor-restricted $ Statements of available 2009 Non-for-Profit 2009 FAS charitable 23,331,845 14,863,113 54,440,772 the the 8,699,018 4,054,938 subsequent 1,673,193 1,256,577 of 2008 The provisions have recorded 516,056 UPMIFA and has No. 46.032 Uniform State through for assets 2009 to 117- 2008 gone been with All be gift of
The
unrestricted
consolidated recorded
NOTE
increases
transfer
about Statement NOTE
Statement
prioritizes
Dividends
Unrealized
Realized
Year
Unrealized
Dividends
Realized Year
(expenses
(expenses
following
ended
ended
2—INVESTMENTS
fair
3-
asset
identical liabilities,
Level
Level
models
a
losses,
gains
in
and
and
temporarily
liability
the
losses,
gains
FAIR
No.
No.
value
June
June
of
unrestricted
of
net
statement
interest
2—
interest
and 1
inputs
(losses),
schedule
$395,690)
$420,040)
157
157
where net
—
(losses),
30,
30,
VALUE
assets
or
Observable
net
in
measurements.
Observable
liabilities
also
defines
2009
similar
2008
an
used
(net
(net
restricted
all
net
University
orderly
of
establishes
before
net
summarizes
MEASUREMENTS of net
of
significant
activities:
in
(Continued)
instruments fair
—
valuation
assets.
inputs
transaction
inputs
includes
value
$
S
$
$
any
net
Unrestricted
assets.
The
a
are
inputs
appreciation
as
framework
(1,981,483)
(2,533,179)
are
net
Future
1256644
techniques
(108,778)
(409,255)
of
in
other 660,474
882,050
quoted
the
fair
34,661
quoted
investment
inactive
between
are
Southern
price
value
-133-
gains
than
observable
prices
for
that
$
$
$
$ above
prices
into
Temporarily
the
markets,
Restricted
hierarchy
market
will
measuring
(2,195,788)
(4,478,341)
(6265,702)
(1,780,469)
(5,501,249)
would
income
3,785,985
quoted
three
for
408,427
be
(65,205)
in
the
in
similar
Mississippi
used
participants
active
be
Notes
levels
and
active
historical
established
prices
(loss)
fair
received
to
amounts
$
$
$
$
Permanently
markets
instruments,
value
as
Restricted
markets;
to
restore
in
and
follows:
active
cost Financial
(364,284)
(307,078)
(294,295)
at
320,900
(81,014)
to
and
42,070 23,808
68,675
its
the
in
derived
sell
for
these
value
expands
and
classification
markets
Statement
measurement
Foundation
identical
an
quoted
$
$
$
$
asset
deficiencies
Statements
of
from
such
disclosures
for
Total
(7,318,598) (2,385,580)
(8,611,469)
(6,204,799)
4,141,546
1,092,709
prices
1,233,509
assets
or
valuation
(829,744)
No.
identical
paid
in
funds
date.
157
the
for
in
or to NOTE The lowest need Following Mutual market debt determined information Real determined Life Real The different realizable its could valuation asset’s insurance methods obligations to estate estate 3— result level or Level assumptions. funds, on maximize methodologies more is FAIR value which of or to by by a and in 3—Unobservable investment methods pooled described any description liability’s determine the a the contracts: significant VALUE or and other: different the the input asset reflective life externally individual investment use insurance University are fair that Valued custodian; above MEASUREMENTS or overall funds: fair of of inputs value Valued appropriate assumptions is the of observable value significant future securities inputs may managed based valuation reasonableness funds, measurement company. are Valued at management measurement produce fair unobservable — the on includes U.S. and of to inputs to values. trusts: are recent cash methodologies at determine the Southern consistent (Continued) Government a the traded. -134- fair fair and level surrender amounts Valued appraisals. also Furthermore, of net value at value and minimize the within the the takes asset with recorded calculation measurement, require at reporting derived fair obligations, used value the the Mississippi into other Notes value value the closing fair while for management consideration of from use value. value date. market assets that of of the to the corporate of certain valuation price underlying Financial Valuation may life USM observable hierarchy measured participants, insurance reported not flnancial Foundation to the Foundation models equities, be develop techniques audited investments is Statements indicative inputs. based at on instruments contract where fair the the corporate relevant financial believes value. on use active of used one the net as as of The at NOTE The assets Level Corporate Mutual Corporate US. Pooled Life Real Other As Real Externauy Change Unrealized Realized Balance. Balance, fair of following insurance table Government June estate estate value 3 3— funds for investment in Gains losses beginning end 30, debt managed equities below cash losses the FAIR investment as 2009 of table contracts year obligations year surrender of and VALUE sets obligations funds June of trust sets ended year Losses forth
funds University 30. value forth MEASUREMENTS a June 2009: summary by level, 30, S $ investment Real $ 5 1,256,577 2009. (659.346) trust 550,429 (46.802) (Level within 13829,979 41,171:944 11507,583 of estate 4,582,326 9,597,384
1,575,976 of changes 78,696 -
1) the Southern (Continued) -135- Life - - - - S $ fair contracts in 1,673.193 1,813,664 insurance value 140,471 $ $ the (Level fair hierarchy, - - value
Level Mississippi 2) Notes $ $ Real ------3 516,056 505,656 (10.400) of Assets estate the $ $ the to (Level - - 2,915,781 USM 1.813,664 Financial USM 550,429 505,656 46,032 $ $ 3) Other Foundation’s 46,032 Foundation’s
46,032 Foundation ------Statements $ $ 44.087,725 13829979 11501,583 $ $ 4,582,326 9,597,384 1,813,664 1.575,976 Total 550,429 3.491.858 2,915,781 505.656 Total (659.346) 46,032 78,696 Level assets 140,471 (57.202) 3 NOTE
Pledges
As
Unconditional
whereby NOTE Externally of interest from Less record
Less NOTE
Furniture
Asof
Automobiles
Furniture Office Software
Less
One
Less Over to
of
the
5.15%
June
unamortized
3.53%
allowance
June
4—
year
accumulated
gift. than
five
5—
the 6—
equipment
agreements
receivable,
the
30,
PLEDGES and
(not and managed FURNITURE
30,
EXTERNALLY
years
contribution to
one
The
to
USM
five
promises
fixtures equipment
placed
4.32%
for
year
amount
years
discounts
Foundation
uncollectible
depreciation
net,
trusts
and
RECEIVABLE
in
and
University
expected
at
service AND
are
due
the
are
net
consist MANAGED as
ranging
summarized
related
is
of
EQUIPMENT summarized present
is
as
then pledges
June
to
the
of
of
be
from
contribution
beneficiary,
irrevocable
discounted
June
30,
value.
collected
TRUSTS
of
2.54%
as
2008
30,
as
Southern
follows
The
follows
2009)
-136-
ranged in:
charitable
not
using revenue
discount
at
the
June
a
from
trustee.
discount
is
lead
rates Mississippi
recognized
30,
Notes
3.99%
$
S
trusts
2009
The
used
rate
2009
to
3,994,036 3,556,733
7,744,648 to
7,103,998
8,298,395
and
$
(640,650)
5
(805,603)
amount
193,879
and
4.59%.
as (107,808)
and
432,633 Financial
446,540 554,348
at
2009
45,469 66,872
charitable
of
9,374
the
2008:
age
June
due
fair
Foundation
factors
value
$ 30,
$ from
Statements
$
$ remainder
2009
4386,979 4609,775
9,700,742
8,790,756
8.066,885
2008
these
(909,986)
(723,871)
at
in 703.988
2008
120.860
(98.349)
the
order
45,469
66,872
22.511
ranged
8,519
split-
date
trust
to - At The NOTE NOTE $1,474,503. maturity $1,600,000 Chase In the points Temporarily purposes: NOTE As Academic Athletics Student Library Operation Other Research Faculty December June year Foundation of over June 7—LINE 6—FURNITURE 8—TEMPORARILY Bank, restricted 30. date was and financial the and 2009, 30, and divisions restricted The 2008, $16,321, of NA, staff one-month December11, has is OF maintenance line to outstanding purposes secured aid the support CREDIT made purchase bears
including University USM net AND LIBOR certain by assets RESTRICTED interest Foundation EQUIPMENT an capital 2009. an of accrued investment index commitments plant aircraft at at As June commitments a
(2.12% of of entered variable interest for June NET (Continued)
30, Southern account lease -137- at to 2009 ASSETS 30, into of rate June purchase to $1,778 2009, total a held basis USM. and revolving 30,2009). $275,774. by the
2008 Mississippi at additional
at
$ $ Notes the The outstanding June the 24,999,373 10,532,324 line USM were 4,020,228 3,308,586 5,982,195 2009 line Interest rate 407,075 307,226 122,185 319,554 30, of to computer allows Foundation. credit per available Financial 2009. expense balance annum facility
for Foundation
software
$ $ borrowings for equal incurred with Statements of The 29,612,790 12,952,306 the 2,455,194 7,303,900 5,245,113 2008 the 663,023 296.326 506.616 190,312 JPMorgan line to following systems. line 180% during has up was to a NOTE donors’ Permanently funds The NOTE to endowments, assets include restrictions. endowment During As Academic Student Operation Research Athletic Library Other Faculty Contributions Endowment Other Net Change Al!ocahon Transfers Expenses Endowment erdowments function of investment USM June 9— that rcorre 10— designation restricted both in associated the and financial of restriction PERMANENTLY Foundation are net 30, net fund as divisions and ENDOWMENT (ioss) years restricted donor-restricted related re!ated staff ncome assets, assets, are endowments. established defic;encies maintenance purposes oy classified aid support ended to of (loss) with activities: July June dcnor investment the has net University 1, 30] endowment 2008 related assets n approximately June for NET RESTRICTED 2009 and endowment-type As of operating lcsses ASSETS 30, at reported plant required investment June 2009 funds, of $ $ and Unrestricted 30, 750 based by (1,089,912) (2264,656) NET Southern 3,432,487 and (200,081) 2009 283,213 181,646 income scholarship funds individual -138- U.S. 13,415 including 4,738 2,442 ASSETS 2008, on and generally and the and $ 2008 $ Temporarily the funds funds board-designated existence restricted 11,064,573 are (8,935895) (1,518,166) purposes. 1,082,254 3,933,144 2,264,656 Mississippi $ Notes S USM (24,050) have accepted (6,349) summarized 6,121 designated which 27,826,695 45,502,007 3,994,702 1,227,717 6,167,858 2,896,691 2,699,213 2009 been 676,181 Foundation or to 12,950 function The $ $ absence Financial Permanently accounting categorized restricted 40,300,862 41,156,016 by 1,220,882 endowment-type (350,210) (159,128) as 146,516 funds the (2,906) as follows: Foundation $ had of $ Board endowment-type - - donor-imposed Statements to 27,563,814 44,964,874 principles, based 2,229,254 2,975,699 the 1,448,101 4,074,520 5,967,517 2008 $ $ function 705,969 of 54,797,922 45,270,806 (9,002,892) (1,718,247) (1,255,389) 2,316,551 following Directors Total 127,204 on funds 5,657 the - net as - NOTE At following: A[location Contributions Transfers Change Other Net Endowment Expenses Board-designated Donor-restricted Endowment Donor-restricted Endowment Board-designated Endowment endowments June June June funds funds funds funds investment income 10— in 30. 30, 30, of restriction net fund 2009 2008 net (loss) ENDOWMENT net net 2009 related income assets, assets! deficiencies assets, assets, endowment- endowment- endowment-type endowment-type by and to (loss) July donor June investment
2008, University 1, in 30. 2007 type type NET 2008 the losses endowment ASSETS $ $ $ $
Unrestricted of 3,432,487 $ $ Unrestricted 3,432,487 181,846 181,646 (Continued) 3210665 3.432.487 1,164,047
(692,063) Southern (226.555) net (10,124) (33,251) 29,672 -139- (9,904) - - asset $ $ $ $ Temporarily $ $ restricted composition 11,064,573 Temporarily 3933,144 11 restricted 3,933,144 14,817,556 11.064,573 (2,043,955) (1,274,596) 064,573
(667129) Mississippi 226,555 Notes (2,648) 8,488 302 - - by to $ $ $ $ Permanently $ $ 41,156,016 40,300,862 restricted type Permanently 41,156,016 Financial 40.300,862 restricted 32,808,625 40.300,862 5,456,649 1,239,330 723,194 of 72,420 1,375 (731)
fund Foundation - - - Statements consists $ $ $ $ $ S 45,089,160 51,365,435 50,336.846 54.797 (1,283,345) 4,761,938 45,270,806 54,797,922 3,432,487 1277,490 Total Total (807,488) 181,646 (10,333) 22814 of 922 the - NOTE Planned Asof
The
NOTE from expenses Trusts Wills
Other Insurance
NOTE Through Wages January
leases below. Contractual Commodities Years
Utilities Facilities As
Total
Less Net of
following June
Total
USM
Total
nvestment ended
11
unearned June minimum
12—
13—
an and
giving —
2019. 30.
its
policies
in
during
PLANNED
airplane
RELATED 30, June
benefits
services
NET
the
wholly-owned
contributed
inventory
2009
lease
income
in
The statements 30.
INVESTMENT
2009
direct
to
USM
payments
University
GIVING
PARTY
USM
and
financing
for
services,
Foundation’s
subsidiary,
the
2008
of
under
activities.
TRANSACTIONS
INVENTORY
to USM
IN
and
lease
be
commodities,
DIRECT
a
received
Foundation
direct
are
of
Foundation
net
reflected
Southern
financing
investment
FINANCING
(LJNAUDITED) -
140-
as
utilities,
as
Aviation
of
lease unrestricted
June
in
equipment,
LEASE
Mississippi
the
Notes
30,
Holdings
arrangement.
direct
$
$
2009 $
$
contributions
19,967,819
to
35,722,418
8,634,599 6,270,000
1,504,383
2009
financing 1,732,252
2009
and
and
850,000
[[C,
Financial
40,108
37,670 96,144 53,947
facilities
2008
the
The
Foundation
lease
USM is
and
lease
$
Statements $
$ $
$
$
as
were
is
unrestricted
34902.418 19,542,819
follows:
Foundation
6.075000 8,434,599
1,889,266 1,381.198
1,532,351
1 2008
2008
presented
expires
(356,915)
850.000
received
584,577
46,411 22,931
37,893 96,144
in
follows:
NOTE
Future
Year
2012 2011
Thereafter 2010
2014 2013
ending
13—
minimum
NET
June
lease
INVESTMENT
30:
payments
University
IN
to
DIRECT
be
received
of
Southern FINANCING
-
141 for
-
each
of
LEASE
the
Mississippi
Notes
five
(Continued)
succeeding
to
FnanciaI
Foundation
fiscal
$
$
Statements
years
1,889,266
197,141
903,561 197,141
197,141
197,141
197,141
are as (THIS PAGE LEFT BLANKINTENTIONALLY)
- 142- Combining Supplemental Information (THIS PAGE LEFT BLANKINTENTIONALLY)
- 144- ______
State of Mississippi Institutions of Higher Learning
Combining Statement of Net Assets
As of June 30, 2009 University Alcorn Delta Jackson Mississippi Mississippi Mississippi University University of Mississippi State State State State University Valley State of of Southern Medical IHL Board Elimination University University University University for Women University Mississippi Mississippi Center CiRce MCVS Entries TOTAL
Assets r ts
Ca&r.ocasne&en:s S 835.751 74297; $ 9.222550 5 42,838,759 2553507 2103.515 $ 40172.575 $ 2943C25 98,652.225 660%t $ 576,043 - S 34251’7’5
SrflrT rvesbilen:s 5.0568:2 362639 E7838I 1 007248 1 773436 87,730.605 ¶178414 45C’CCC 2,014399 - - 153888934
cccLseceNac.e,ne: 12)03934 4695237 21,798,299 51 942531 3313,397 5581924 42367032 44.291233 101613541 3,499.762 585031 - 292,772341 SccteseceieaDe’e’, 182920 385.051 255356 2267920 163.384 4.X.282 I 563.803 1190097 1 472,555 11.485369 Yvetnes 136.046 259W9 5&J6 2936455 14,2’3 696:46 L27 55i28 15888492 539573 22,113%’
F’epadenperses 9711 35,576 - 4.622207 171,744 53247 1’? 253 355e658 3314078 67189 12047.803
- - - 109C25’6 - 1.9&526 0erc’sre,tasse:s - 2090
Total current assets 25 525 184 5 933 225 31 338 030 110 371.653 7,829.523 10.588,268 175426767 94,589569 376,756 %1 16,201,460 1,163,074 0 855,725 714
Noncurrent assels Restricted cash and cash
- - equivalents 3.234.934 343,411 1.941,537 29,863,386 (395,848) - 15.010,495 40,930,833 88,455.770 1,316,485 180.701,003 Restricted short-term
- - - 11,443.294 - 3,120 - 442,988 investments - - 633 10,996,553
Endowmnentsinvestnients 5:877,178 5639 11.250.505 19,434,469 3,539,946 1,185,115 56,343,427 2,492,096 42,049,681 15,779,338 - - 157,961,394 Other long-term investments 7,249,773 939,773 69,090 156 4,125,509 4,506,827 42,254,244 26,492,050 25,540,831 24,368.796 480,541 205.048,500
- - 110,986.535 Studentnotesreceivable. net - 1467,888 1 605.977 15,949,146 1,405.087 19,115,457 27,495,188 15,041,957 28,905835
Capital assets net 106,065,363 87.497,800 235,187.936 606,309,269 79,318,666 63,781,890 531,345,057 362,044,114 398,433,412 5,219,810 17,390 - 2,497,240 707
------3447513 Cthe’no-cwei:asse:s - l.819.8i 145118 1481586
497,931 Th:rxre,:asse 5:97475 5665’1 2527’5537 742848426 899336C 59520,583 675.065233 ‘79454,281 57’.446225 75593384 - 3166.825945
Totalassets S 140722659 S 102501736 S 284085567 $ 853018079 95822.883 $ 80208,851 S 850494,000 $ 574,043850 $ 948203186 $ 91794.844 $ 1661.005 S - $ 4022554860
(ConLnUeo)
-145- State of Mississippi Institutions of Higher Learning
Combining Statement of Net Assets
As of June30 2009 University University of Mississippi Jackson Mississippi fssissippi Mississippi Uiiirers.ty Alcoui Delta Board Elimination University Valley State of of Southern Medical IHL State State State State Entries TOTAL Mississippi Mtssissippi Center Office UCVS University University University University forwomen University Liabilities Current liabilities Accounis payable and 1,029,571 $ - $ 154597,040 15.984 2 366764 $ 25172,225 $ 20,652,135 $ 60,794,817 $ 2,061,232 $ liabilities $ 2.524.007 $ 3.226327 $ 9 6t0.584 $ 24932 594 $ 2.1 $ accrued - - 43,662.109 911.677 231.359 15 538 599 9.385 766 1,453,016 - Deferred revenues 446,211 2.293,752 2.297,&02 11.099.027
- Accrued leave liabilities 5.809 - 8,271.349 43,291 173,056 964,000 *100,000 2.180,668 37,133 current porlion 1,806 267 162,859 315,631 1,481,835
- liabilities - Long-lam 15,452,142 6,663,649 - 39.801345 6,067.675 215,895 135,000 8,326,778 2,588,916 current portion 61.393 418,341 1871.756 - - 37,094.785 69.471 484,067 20,943 36.103,265 - - 185.714 231.325 - Other currenl liabliles - 8,782,014 1035180 - 283.426,628 3 518.372 2,995.650 48.485.669 33,747,760 115.988,908 Total curreni liabilities 4.836.478 6.101,279 14 165,473 43,767 845
Noncurrent liabilities . 1,181.648 - 44.624 - - - 107.655 642.601 79,932 26,648 86,300 193.888 Deposits refundable - 83.381.941 10,946,726 8,807.603 32,665,029 688,738 51.642 1.879.992 1.704,902 4.068,127 19,862,814 980,145 1.724,223 Accrued leave liabilities - 667,352,033 256,058 16.665,000 122,412,086 126,612,548 139,157,767 - - Long-term liabilities 65.000 5.350,606 92,159,945 162.673.023 30.681 860 22,414.351 - - Ill 021 632 15.3.42,467 1 545,371 - 9,259 000 28 343.249 Otner long-term liaoiliiies - 1,808,367 1,626.947
51,642 - 862 937 254 574 20 583 1:1 142.727.467 163 803.024 202,594656 23.103.089 Thai noncu.rrent l.abljties 2,587.593 8,943 807 97,831,667 197,964 624 2.781 1,086,822 - 1,146,363,882 6.299,946 23.578,761 191,213,136 197,555,784 318,493,564 31.885,103 Total liabrities 7,426.011 15045,086 112.047,140 241,732469
Net Assets i’ivested in captial assels 17 390 - 1,303.489 963 78,846.714 45.128.009 402,606,t93 252,842.651 247.601,503 5.213.887 net of related debt 105,959.170 81.748336 143.957.059 439.568,571
Resiriciso for Nonexpendable’ Scholarships and . - 14,907,094 1,233.539 1,186.492 4,253,602 - - 1,012,419 - 1,956,950 tetlowships - 5,264,092 - - 3,631015 - - - . - 119,316 - - 371165€ Research . 18 339 839 15,692.646 556,193 - 88 133.153 - 39.101,908 569.090 - 1,594,635 Oiher purposes 5 905,076 - 6372.116 Eapendable and Scholarships - ‘ 49,474,781 679,658 1.092,393 3.873,541 250,807 2,281,045 34,474,412 - 827,917 - 5,995,008 fellowships - - 59.343.117 40,801,690 - - 145,454 - 7,489,741 - - Research - 10.906,232 444 - 143.756 037.949 - 26.858.988 1,875 842 73,372 27,982 438 37.635 086 35 Cap.tai pro1ecls ‘ 2.291 700 12.001 069 - ‘ 10,383,709 138,223 5.289 949 5,1 59.329 9.010 . 1 service 41 5,420 296 332 222 343 (1,146.898) Debt - - 37,987,133 11 304.052 - - 14968364 5.126,267 1.544,796 401 452 287108 3955 813 299 281
cans - - 45.139,739 643,197 6,713,793 5,665,623 29,622.520 - - 61,279 Other purposes 561,974 107,550 1,763,803
- - 619,744 610 6,506,626 152,033,745 68.863,139 239,561.695 3,507,367 Unrestricied 18,909,152 2 610,780 4 309,748 116.510,419 4.931,939
514.’83 ‘ 2 876,190,778 56 630 093 559,280 664 376A88 056 629 709,622 59 909 74* Total net assets 133 296 S68 87456 650 172 036 427 611285610 89522237
Tc1al liabilities 4 1 661 005 ‘ 5 022,554,660 95822883 S 80 208,651 $ 550 494,300 $ 574.043,650 $ 546,203 166 $ 91,794 644 5 $ arm net aaseis $ 140,722,659 $ 102 501 736 $ 264 083,567 $ 853 3*8 079 (Concluded)
- 146- State of Mississippi Institutions of Higher Learning
Combining Statement of Revenues, Expenses and Changes in Net Assets
For Vie year ended June 30. 2009 University Alcorn Delta Jackson Mississippi Mississippi Mississippi University University of Mississippi State State State State University Valley State of of Southern Medical tilL Board Elimination University University University University for Women University Mississippi Mississippi Center Office MCVS Entries TOTAL Optraiiisy Revenues
- - 471728,502 Tuitienandlees $ 17255,680 $ 19544413 $ 46102797 $ 115651034 $ 11645,616 $ 16051628 $ 134,602.973 $ 98282469 $ 12191692 $ - $ $
Less scholaishipatiowances )7,143,069j 4610.139) (13,451,546) (27,757.262) (3.925.005) 8,033206) (27,836.764) (18.076,749) 1,900,841) - - - (112,734,5811
Less uadjeoteense (I 340333j 550,675i 1.328.238 (729.512) (1762011 (1.035324) (476.343) (490900) . - - 3180343)
-Net ltiiioiland fees 9072 461 14 283.393 33.979.469 87.364.270 T744410 8.983,098 136.289860 79885.720 10290,851 - . - 355,813.578
- - - - - 14.762103 - - - ecerai appropriations - - - 14 762.103 Feoeratgrainsarwicon:racts 5.531539 4.321 556 45150464 136694568 1.228929 9158404 59,636888 54619.629 40675.899 9.653877 24.686,151 20,191 89li 381 365.953
Stategrantsandcontracts 776,740 1,002,016 3331150 22134834 6.603,099 135032 7.372,658 8,927,940 10521,552 67.034 - (15.667820) 44974,205 Nongovernmental giants arid
contracts 1,073.393 3,230,075 2.133352 14.067 869 2.035.900 - 27.913,074 5.474.356 11 154661 1 351.653 20,579 69031.112 Sales an8 services of educationaideparlrrients 625323 1,194,213 1-507.140 26,577.163 999,216 1.117537 8.589,700 1.530.060 1.193029 3286.674 59.975 Il 826.734) 47.257,293 Auxihary enterprises.
Studenthousing 3,831.437 3,132,124 8,313,004 16.433.638 1.886,771 2,538,918 11,923,807 2,447,639 . . . - 60.507.738
‘ - Food services 3,065,853 2.474,661 5,962,867 1.395,548 1,256,643 2,218,167 1,793,196 1,554,224 . - 19,421,159
1,582,648 - - - 6,780.999 Bookstore 64,259 184,323 - 863,676 101,381 2,134316 644,728 1,205,668
------62,798,294 Athletics . - - 25,043,900 29,236,982 8,517,412
Otherauxillalyrevenues 1.247,637 1.418.980 2,338,128 10,812,816 187,259 1,630,194 2,965,506 3,450,611 1,867,346 2,023.747 - - 27,942.224 Less auxiliary enterprise
- - - - (20,255,210) scttotarshipallowances (1,898.791) (1,150,833) (5.494,294) (6.093,058) (981,251) - (2,322,244) (2,314,739) interest earned on loans to
------176.689 855,598 students - 20,357 210,754 77,710 370.088
- - - - 599,612,765 - - - - 599,612,765 Patieni caie revenues - - - Dtheropeia)Lngrevenues 1.843257 883,394 5,928,570 3,862,517 9.618 1,301.879 6,334,925 4.041,597 21,376,288 11,330,869 75,495 (11,141.891) 45,646,518 Totatoperatingrevenues 35,237,098 30 994262 103.189,890 355630965 21,071,955 27,295,055 260.755,168 179,560,317 698,451,728 28,314.054 25.042,200 (49,028,336) 1,716.514,359 Operaling Expenses
Sata’iesandwages 33 44.732 27,719,106 80.952.290 270816525 16,232,130 25068 770 160,984.909 141.863.404 393.467.524 9.994,747 717,707 - 1,16296)844
Fingebenents 9,890.265 7.929.2)6 20243.102 80,010.730 4,973.323 7501.064 39997.890 46.351.756 102,860 565 2 516.511 194.731 - 322469 156
Travel 2206 776 1 284.378 4247.492 14.882980 303034 1,785,736 10 175 783 7732.038 2.503,592 323 147 101 680 . 45.546.636 Cont,actiat se-’v,ces 12,504.174 tO 517 191 22.190766 90712.223 6.436.484 9,517.162 56,511 224 55486254 174 695,522 23,271055 24.460,628 32,035.086j 456543517
Ut,tiues 4.100,669 2.505.049 5.08L416 16,362438 2.732.262 2574368 10.909.936 11.125.017 16.828.775 961.626 - . 73.181,756
Scholarships and teltoxiships 6.183.727 5.077.831 18.655,054 24.265.075 4,856,426 5,542,673 31,098.215 18.393,169 4.635,925 32,923,336 - (16,993.250) 134.638.181 Corimodit,es 5 316,884 2 716 313 14242 649 46490,004 2.136.814 7,336.557 20.424 545 18 820.678 147,198.783 1.022.659 20’D 313 - 265788.199
Oepreoaboo 2.837,043 3.373,535 6.665.518 38.857.677 1.881.536 1 920,715 16,945.345 14.432.178 27 319.620 284,647 7,571 - 105.526.387
- - Other ope’at.n9 expenses 121.335 80.631 4.694.498 - - - 429,737 1085074 5695,96 32.072 12 138 306 Iota: ooeratri9 exper.ses 75304.835 61 203253 176972.805 574 307.652 41494 OH 61.247,045 352 588 584 314204494 870,795388 76.993.689 25.720702 49026.336) 2,582,790084
Opeiatingloss (41.067 707( (30.208.99)) (73.782,9)5) 2)8,676.664) (20.422(156) (33,951,990) (91.625.416) (134.644,177) (172,343.652) (48,679,635) (678.502) - (666.281.725)
-147- ______
State of Mississippi Institutions of Higher Learning
Combining Statement of Revenues, Expenses and Changes in Net Assets Far tile year enced June 30. 2009 Unwersity University University of Mississippi Alcorn Delta Jackson Mississippi Mississippi Mississippi Southern Medical tilL Board Elimination State State University Valley State of of State State TOTAL Mississippi Mississippi Center Office MCVS Entries University University University University for Women University
Nonoperating Revenues (Expenses)
- 750,566,703 14,992,403 $ 19,7)1,239 $ 86,676,703 $ 89,817,334 $ 218,336,044 42,759,331 $ 489,689 $ $ State appropriations $ 28,906,875 $ 22,556,983 $ 52,230,276 $ 74,087,626 $ - - 142,985,933 4,316,475 10,084,143 22,066,674 24,538,010 7,198,885 126,097 Gifts and grants 9,608,843 5,189,903 21,958,229 37,898,674 income, net of Investment 108) 315,272 (472.3691 1 438,853 (4,125.076; 2,476597 (6,246 investment expense 232,482 461,543 (2,223 423; 12C5,707; 95M7 capital interest eerse Cr: (30,363,843) (827,930) (4.591,594) (4 .652 .99 1) (6,260,177) asset-related debt 14 12:240) (5,197,466) (6, 376 .5 00 (24,925) 1,915,470 5,099,661 320 .9 49 351,636 21, 005 77,800 2,4)2,801 Other nonoperating revenues (9,278,597) 737 (6,089,256) (223,246) (63,203) Other nonoperaling expenses (2070.189) (691 96Sf 14 0,
Tota) net nooperatng - 852.753,749 22,973,813 99,216,188 113,554,012 215,047,144 45,172,725 615386 revenues(epenses( 38,748200 26047,049 67,119,232 204,733,t32 19536,288
Income (toss) before other ievenues, expenses, gains - (13,517.976) (10.978,177) 7,390 752 (21,090 165) 42,703,492 35%.9l0) (62.56) and losses 2,319,507) (4,161,942) (6,663,683) (3943 5521 (885 763;
- - 67,404224 37,664,599 313,153 - - 19,340,535 Captiargianisanogiffs - 10,355,837 State appropriations restncted 57,428 - - 70,213,557 3,184,982 14,056,523 17,018,646 15,164,983 2,203,587 lorcapitalpurposes 5,098 721 2,573,519 6,134,546 4,720,622 Addil,or,s to per’naient - 4,855,942 - - - 3,329MB - 809 42.309 - 17 endowments 1.415,000 - 51.406 2,485,008 - - - 6266776 - 338,552 269,126 - - 55,361 Ciheraoanions 3,115,767 32,941 (1,991,451) (6,199( (2,6)4) - (6,809,668) - (998,187) (1,065,304( Otherdeietrons (318,896) (1,609.889) (457.153) (359,975)
(65,130) - 128,412,855 2,046,006 3.096,155 43,102,708 30,943239 49,043,207 (3,455,681) Change in netassels 7,310,001 (1,874,378) (2,139,026) 405,754
- 2,747 777 923 87,476.931 6)6 178 155 345544,827 580.666415 63,365.422 639.313 NetAsseis -beoinrngotyea 125 986 587 89 331 028 174 175,453 610 879.856 53533935
56,630,090 659,280.864 $ 376.488,066 $ 629,709,622 $ 59,909 741 $ 574.183 $ - $ 2.876,190.778 NelAssets -endof year $ 133.295,588 $ 87,456,650 $ 172.036427 $ 611,285.610 $ 89.522,937 S 5 (Concluded)
- 148- State of Mississippi Institutions of Higher Learning
Combining Statement of Cash Flows For ne year ended June 30 2009 University Alcorn Delta Jackson Mississippi Mississippi Ilississippi University Utiversity of Mississippi State State State State University Vattey State of of Southern Medicat IHL Board Elimination University University University University for Women University Mississippi Mississippi Center Office MCVS Entries TOTAL Operating Activities T’j’t,cn and fees $ 10.190 008 5 14 881,416 $ 27 205,354 $ 87,320.68 $ 7 788,535 $ 6.674 145 $ 06.179 765 $ 79 962 008 $ 8,956,887 $ - S $ - $ 349 158.384 711) 165 Starts and contracts 14.263.256 6 623.735 50,683,545 168,428.759 9 582,359 9 946 608 92,186,318 77,032,519 61,918 438 10,672,764 24 936.730 s36,059 492 220 Sas and services of eiiucal,ona, deparlmerts 629,323 1,194.210 3.630,641 28.894 083 1 008.225 1.117 537 8 591,039 1,830 060 1,124 !60 3,286 674 53,975 (1.626 734 49.509 193 32 035.086 (768,643,676) Payments to suppliers 120.839.361) (t4,562,882) (50.834.651) )t54,07’4.1301 (8.466,441) (22,t 13,681) (80.050.723) (80.081,15) (320.269,696) (24,616.86)) 124.768,621) Payments to employees for salaries and benefits 143.688.188) (35,340.333) (98,741,519) (350.735.095) (23,191.723) (32,70t,041) (201,092,366) (187,630,58t) (490,913.416) (12,432,668) (912,438) . lt,477,579,368) Payments br utitities (4.100,869) (2,505.048) (5,244,765) (16.362,438) (2.767.605) (2,574,368) (10.995,604) (I1,126,6t8) (18,331,775) (961.626) . ‘ (74,970,736) Payment for scholarships and (27,329,629) 16,993,250 (133,406,858) fellowships (6,183,727) (5,077,831) (24.149,348) (24,265,114) (4,863,464) 4,503,369) (31,101,683) (18,290,0)8) (4,635,925) Loans issued to students and (3,296,4951 (7,554,409) (2,551,035) (5,578,514) , ‘ 22,307,863) employees - (326,688 (3,000,722) Collections of loans to
30,195 1,665,044 3,321,294 1.296,703 1,535.239 ‘ ‘ 11,462,245 siudents and employees - 164,383 3,248,387 Auxiliary enteipnse charges
‘ - - 57.275941 Stuaent hasng 3.921 483 3225,659 9578.9:6 6 636 ,ii8 1.288 169 2.455.508 9,039974 11030.117 ‘
‘ , - 20,582957 Food Services 3.065853 2.460 798 I 964 522 1096861 867 56 2,2t8,t67 696.271 .223,329
- - 6,587 294 Soctstore 64 259 184 323 863875 O’ 358 2,134,116 644 .420 954 697 1 640.245
- - ‘ 59910311 Atre1,cs 22 300 982 29995,975 7,613.354
. ‘ 512 Otner auxliary enterpr.sts 956.781 268 146 535,97 7 8,370,847 1 83 .220 1 630194 3063,305 3.17 1,129 1,867,166 2,023 147 22070 836,440 Patent care servces 659,836.440 659 tnterest cameo On toans to
- 1.060,627 students 20,357 12,761 210754 - 77,110 369 04 176 689 1 93.2 95 64,642,759 Other receipts 1,357,257 1,337.913 5.988,2(6 18, 298,894 9.618 3,024.569 6,35 t .954 3 .943.888 22,842.162 11,932,976 691.203 lll.t41.8911
2 00 .97 1) (32,072) - (12,108,192) (13,360; (933) 0 , 589 .228 (1.029,880) Other payments - (241 748) Net cash provided (Used) by
‘ (694,734.810) operating activities 40,563.930) 25 703.590) 73.300,351) 192.781.7301 118 460,493( (32,584.743) (17.142.993) (114,600.346) (78.072,837) (41,474.574) (49.223) Noncapital Financing Activities State appropriations 28,263,444 23,031.550 53,421,323 174,509,750 15,049,208 19,771,255 85,905,801 83,480,309 218,581,76) 42.759,331 489,889 - 745,263,631 Gifts and grants for other than
23,918,554 7.198,885 - ‘ ‘ 124,366,622 ‘ 10,084,143 20,71 1,278 capital purposes - 21,958.229 36,334,081 4,161.452 P,jvate gifts for endowment
- . - 4.819,180 - - 3.329,418 puiposes 1.415.000 - 14.644 17,809 42.309
- Federal loan piograni ieceipts 24.810.845 15,550.508 57.373,585 83.591.956 11,067.998 24,149,780 11.490.838 88,195,487 17.991,083 ‘ ‘ 404.222,080 Fecera bar progi’ani
‘ disoursements 24,810,845; (‘5553,508) i67,373,565i jSS,489 59/I ;11.038,670i 24 l49,lSOi 17’ 490.838;’ (88 376.135) (17.991,083; , - :404 2/1
. - tO 563,387 . - - 2.526.981 2,128.425 Otner sources - 5 078,185 6:8,356 2t7 440
‘ - 247.766 (2.739,556; ‘ 618; Olnem uses - , ‘ 415,419; 1602 595) 174.4631 11,894.227) Net casn prcded usea; by
noicapitat fnarcjro aciiv:ies 29 608 444 28 09,735 75 379 552 210 530 781 19 270 333 29,873 237 106 802,355 109,745,195 229 344,262 43.037,097 489 271 - 882,230 303 (Continued
- 149- State of Mississippi Institutions of Higher Learning
Combining Statement of Cash Flows
‘“c 33 3Q3 University University of Mississippi Alcorn Delta Jackson Mississippi Mississippi Mississippi University of Southern Medical IHL Board Elimination State State State State University Valley State oF Mississippi Cema Office MCVS Entnes TOTAL University Universily university University forWornen University Misstsstp
Capital and Related Financing Activities
- 257.696.812 49.900,000 $ 85,020.000 $ - $ - $ $ 350 - S - $ 73,991.462 S - 1,900.000 46.885 $ Proceeds from capital debt $ . $ 5 $ - - (185684860) (3.107420) (82,974,953) (43.788.017) (30,939,852) 17172 Cash paid for capital assets (561 053) (1,540 7481 )4499,534) 117.131,062) (I 159,393) - - . - 1.185.274 ------185,274 - I Cap : appiopral cis received Capital grants and contracts ‘4580467 38911574 34.173 64570.643 htb ti4c 233837 134’52 Proceeds from sales of capital 12.351 150, 293 262. 590 assets 99. 946 Pnncipal paid on capital debt .33 58’ 259; :2,350 1331 ç96,C27,?27:• 155 353 SC: and eases 010030; vC65; 637.686 23 3EC,sCt 2’&362; tos ) rie’est pad Dr caia •iect (30481 334) (24,926) (827 930t 4 466.726) (3,775.291) 18,5t0,028i and leases 115 t04( (412.240) (5,270 620) )7.178 470) t 26 1 .9 38, 075 - 964,974 269. - 10,437 - 29,301 Other sources 664.237 (5,748.871) - (686,447) (1065.303) Other uses fl.668,16% - (2 3??l) Net cash croi4ediased: by capital and related financing . - S63’511( ;4293’3;- 23155462; 38:’33 .5O2C3’4: ‘7172 acriv,tes 8,922866 3935976) 94785 2772966) S91346
Investing Activities Proceeds from sales and - 359Qt3 58:599:3 42363015 5t.852 55:2:347 i1S50Th narnheso!irvesc-ieqts 1,4:5J 23.520175 ‘485439 l155525l 1C,284’l 5.635195 . 123 213.588 7508292 1 593776 4.488.373 2476597 26 550 18.520 tnierest’eca’vedcrinvesl-ents 232482 397367 2 150289i 3637.70 95617 60841.448, 55.371.491; (103 9:E046, 57 307,492; 1 131 565 4’0 560,036; Purcnases ofumestments (1 415 000; 22 162020; 12 104 C33 114 ;85527 (1? 545 51;; (353 7731 Net cash provided (usedj by 5,567.039 4.828.757 (11 414 700) (39,528,821) 290.152 - ‘ (32.473.870) investng activities 232 482 1 755 522 833.167 6.314 754 (1 150,222)
Nd increase (aecrease) in casn 533067 11844467 6:539.460 183987 4’0.348 - arccasreQJvae’cs :7303161 22469r P6613i 21290839 551024 1744101
Cash and cash equivalenis 49.652,427 48 516.591 225,768,535 8.084 599 137 995 419 825.639 beginningof year 13 101 013 44 323 17 930290 51.409 306 1 612 635 3.367 925
Casv and cash equivalents 551633” S 70361048 S 287307995 5 9924446 3 578343 5 S 5232’5751 endo:neyea- S 113’3895 S 259014 3 1r6417 S 7270045 S 2’63.659 5 2193515 S
150- State of Mississippi Institutions of Higher Learning
Combining Statement of Cash Flows
For (lie year e,ided June 30 2009 Unversitj Alcorn Deita .jackson M:ssissippi Mississ’ppl Mississippi University University of Mississippi State State State State University Valley State of of Soulhern Medical IHL Board Elitn.nation University University University University for Women University Mississippi Mississippi Center Office MCVS Entries TOTAL Reconctttation of Operating Income (Loss) to Net Cash Provided (Used( by Operating Activities
Operating Income (loss) $ 141 067 707) $ (30 208991j $ 73 782 915; $ 218 676684] $ (20 422.056) $ (33 951 9901 $ (91 625 416) $ (131.644 177) $ 172 343.652) $ (48 679.635) $ (673 502) $ - $ (866 281 725) Ad1usb,ients to reconciLe net income (loss) to net cash provided lused) by operating activises: Depreciation expense 2.637,042 1373.535 6,665.518 30,857.677 1.881,538 1,920,715 19,946,345 14,432,178 27.319,620 284.641 7,571 - 109.528,386
- - - - - . - - 9,371,000 15,693.000 Self-insured claims expense - . 6.322.000 Bad debt expense 1,040,330 650.875 (54.163) 729 502 176,201 1,035,324 476,349 400,000 293,287,297 795,402 - - 298,537,117
. . - - . - 198.607 7,997,220 . - 7.798.613 Other - Changes in assets and liabilities (Increase) decrease in assets 6i57 Recexacies r! ii 4’3739: 527 I87 1 371 2:5 6.493 893 .61.0221 513.373 (4 231 ‘91i 362 (306.337.354; (6 150 0(7) ‘03 824’ - 318 617 2&i
- ‘lvelto’es 24.216: 4 269 24 434 169 072, 1.2111 i 923 ‘26 323 5 885 (l.18&683( 17 197 - it 291 392
297 - - Fepacsxoerses . ‘5976 61g6’5. 18543 208: 4255 I 5252l7 11,678,576)
- - - . - . 67759.686 68339.389 Other assets . 9.661) 5.061 554.303 (70-ease; eceast in lx:.. I Cs Acccir4s payab4e and 8tvJOj.i0biLC5 2.’OS.ESi 802,207 (3517’72’ 3064-04 291 63’ 508.403; ‘452.566. 4 379479 6543246 ii 374687) 523 185 338; 675
Deerreo revenue 421 706 872306 (5,197 129) 1.50(735 165.747 231,359 (.475.058 273(00 (727.454) . . ‘ 5865201
. . - 133 - (I 206) . (747,321) Deposits refundable (288.833) (142t (5 795) - (34.9361 56 179) Accrued leave liability 87.059 1.911 1,118.170 ;570.620) 40,133 3,926 (271,845) 597,189 3,719,081 78,589 3740 . 4.807.333 Loans to sludents and
‘ . - - (5.810.006) . - - (71.784) employees - 30.195 (1,431.451) (4.336.966)
- - Other Liabilities 10.001 (581.708) 72 425 (1 514) - (1 725 282) - - 1,171.057 (3.876,000 (4.931.021)
Total adustrnents 503,777 4.505 401 482.564 25.894.954 1.961.563 1.367,247 14:682.423 20,043.831 94.270.815 7,205,061 629.279 - 171 546915 Net cash provided fused) by
operating adilvities $ ;40 563 930) $ 25 703 530) $ )73 300 351) $ (192 781 730i $ (18 460 493) $ 132 584 7431 $ (77 142.993) $ )l 14.600 346) $ (18.012.837) $ 141 474 574) S 149 2231 $ - $ 694 734.810)
Non-cash Capital Related Financing and Investing Activities: .ssets accu Ca ttioj;t
- - - - S 1.600.691 - S . -5 ‘5851651 cap:aieasecc.gaDcrs - $ 5 .5 155265 -5 $ Captai assets appropratso Dy
tre5ta:ectM;ssissip S 39872i $ 6134548 5 2.573.519 5 4723622 $ 1929708 $ 73574c3 $ 6,732383 5 ‘5164383 S 2.334,03’ $ 57428 S - $ - S 54:7310
. - ‘ W3’9365 - S S $ - 208.9835 - 1:7-W$ -5 0trscfcapitaasse!s $ - $ I 9,8553335 $ S 167,541$
- 151 - (THIS PAGE LEFT BLANKINTENTIONALLY)
-152-
Schedule
of
Expenditures
of
Federal Awards (THIS PAGE LEFT BLANKINTENTIONALLY)
-154- State of Mississippi Institutions of Higher Learning
Schedule of Expenditures of Federal Awards For the Year Ended June 30, 2009
Federal CEDA Pass4hrough Enlity Total Federal Federal GranlorlPass-lhrough C-rantorIProram or Clusler Tile Number Ideudilying Olumber Enpeodituies ASh DSU JSU MSU MUW MYSU UM UMMC USM IHL Board MCVS
Sludrul F. anna I Aid - Cluolrr
I) S Lkparmeiri of Educolian FtSçrmdolE4’uaic4.rr.rn Grs;FSirCjr 4 51.73:273 191401 521 04n 51)09937 rD’JO 589346 5533,352 5137125 551.333 5752.118 5
Fr±rd Faril, Sdjca:r, Lna’s If EL3 84632 2;.I1o.r12 :5.550,6 67377.545 33.499,168 11.360.649 14119.743 344&539 I91I7.15 38241503 FoaadAci.0.,4u Proç.r EWS, 04033 7842815 4:1:53 773646 1.I7oJOS i.4124 549566 571,529 733.454 1C1 I,557,o47 Fcai ?:rna -.iSng’s FF.l 84 038 240603 97255 01.339 1,090.654 22: :45 7.o!4.;21 Froeral PEL. Guam Frriurn 84 Ct 3 30.466.767 0.100.987 4.uOi.933 9.2n2157 14,829443 4,0527Ct 8.432,371 3)28.545 421.000 17,787910 LEAP 7713 51.499 33,101 24 ‘10 25.310 6 553 76-051 F:x,6 Dirt:’ Los. Pio.n 64 loS 24.011.545 21010145 Aakiric Cectad;irocss Gal 84375 513.713 70,015 3’.325 349th 436-660 Sr:..uai S.rr and Mail 1enc,a 2 Ceiu Ja21-I 34 P6 :16L810 512.856 43,350 50, 111.226 174138
iraba Eacomo Anon, Cu4nen jet Esrjr G:cs 6-3 375 7.1,_ui ext IS.0 39341
‘Feral U S De,iarimcni nO Irdocoi,ro 307.032,659 04.491.389 11.135,154 09554,363 51,995,034 09,907,207 33,890045 51,584.075 19239.662 67,343,480 254,500
S [7cpnrurrrrri Cs HcuIdi and Human Srrvrccu Advaurcd Ldacalioa Naruirg Trnureuhipu 93358 110.601 34.112 06,00! 40.308 health Itak,uirau Sludmirt loran 93342 264 .558 264,550 &hrolarulnipo Ox Health Ftafruu,mu Stodenla from Danadonetaged Baehgrourdu 93925 808,355 202,532 603.823
- Total U.S. Dcpaairtrrnl nfHeallh and Human Serrrccu 1,191,514 34,102 36080 . - 40,300 - 477.894 603,321 -
21,109,235 51,595,034 05,947,595 33$9$96 53,057,965 20,543,705 67,341,400 254,500 Tonal Sludrni hnaur,ai Aid - dealer 300,324,073 34,510,680 09,954,063 kr.nrrh out Dr. rbpecul Clau3rr:
U S [kpanararnl of Arrcu6uar US LOe of twaA 26.670 717085 ‘0310 381 0.515.3(8 4 6 40 100- 074,-Ill Acxnhorc R:ura6 - Bruac and Ac 13941 03.54.823 921.4(8 aoqr&KrA nae,PenCacr4s.J.xnuCa,r 1025 170.’ 24.647 53282 • ft Sr ra tea 2310 681.039 663,839 Ferean, lr - 155- State of Mississippi Institutions of Higher Learning Schedule of Expenditures of Federal Awards For the Year Ended June 30, 2009 Federal CFDA Pans-flresagn Eanaly total Federal Fedeai GearitonlPass-0votIt Grameovtogiam or C.us Ti Number loffit4yg Fuenbee Eape1enes AS1J DSLI JSU 14547 t00 MVSrJ UM UWOC 1504 lHLDoad MCVS Hindand Scun ‘A0ca±ae IC 304 47762 Cicp I’nusix IC 05 43,394 &aopcohivc liralclanlue Sen cc II 500 ] 4279010 4.41 3,399 9.065,029 Tcer Narr]rori Grit II 574 912,102 902102 Farea Rocaich 00 n52 509,431 466,990 40400 1,032 Cecipcnuivc Forurliy Assistance 0.664 120,765 15340 205,0]? Fasa’i Slenardahip Pmgraan p3) 35,443 36,443 Foreal Health Peolecisne )A.B) 95 .774 Wool Eajanoarem and RcueiarceCentei (WERL’)(B) 10611 5,456 5.456 Rciawce Coesenrarion & Dovelopinesrl 0.90 I I 20,159 2,503 I 25.356 Sari and Water Coercenalsoe 0901 4.039 I 4,039 Ws]d]rk Hobasas Iaxenrrve Program 10.914 66,503 Warn! Rooaroceu Clanneevatron Senrecs 10923 111,006 171.0116 iniemaimna] Ironing Foreign Participant 0962 0656 0.966 . !0,S7? 59j34 . o.7 Pnorarss 43.457,976 60:3.409 15.730 26.670 1*521 Paao40rm Prog’ai Frc SC’flaordeCksaiHca1h- cgrt.°zctre l0f, 41.204 OI2DA 6658 5.554 l,aeoer Faa - USIacfAgriince l0J3 20011306 his Dogo A &Ceronsrcc- USt26ptofAcncsajsase ID 07070660 6,065 5-355 Crka] £ Lrr.aeco 1.5 Dope cfAICbXc lO. 0102-3137 5126 hU-UScrioiApcuke 0.000 27-0%9sDI Caloeaio Sa Leans a S Dope ef Matron 0006 19.901 29,906 64 uuaaancs State stnsr- S Dop.rfl cfAtsc 197) MS bear! olMimal Holds- Plant area! Mimi] Drocane Pem Cones] aid Auinaal Case 111115 MS Baird of Mania] Health 1,000 1.003 Utah Sure Unrsesnrnn Main] Damage Cotta] 0028 80000001 9,7]l 9,711 Utah State University- Mans] DatasageCenlro] 0.023 090711081 29,099 29,099 Urjvcrnsa9 olli -Grana her Agrscullsnl Rematch Special Research GratIs 0200 University ofFL- USDA - Purchase Ordein 10,204 ]0)04 20,275 20,2 75 Ruspein Urrv - Grants for Agnacultrial Rematch Special Retrarcir Grants 10200 2007-MSOII]T 5-900W954 0,007 0.007 University of FL - Granis Il Agricultural Research Special Renearcir Giarla 0100 50] OSU -Grants for Agrcu]lnas] Rematch Special Rematch Giants 0.200 A3-5-0s1495 03 MSU 27,901 27,901 UGA- Crania for Agncnllrest Reaeaaeh Spsal Reseascir Grants 0200 RDO]0-21513500l00 467 467 OW. Coast forAgrscsalaatal Research Specral Macitch Giants 0200 AB-54009]] 03 MSU 250,990 250,900 SOAC USDA 32200 2004. 005(0.14317 9,010 9,011 -. 156- State of Mississippi Institutions of Higher Learning Schedule of Expenditures of Federal Awards For the Year Ended June 30, 2009 Federal CFDA Pass-throoigh Entity Total Federal Federal GrarnlorlPaas-through GrastorlProgram or Clranler title Number Identifying Number Expenditures ASU OSU ISU MSU MUW MVSIJ UN UMMC USM IlL Board MCVS Ue,verrrN of Delosoare - Grants far Agricultural Reauarclr Coapetsirve Research 10106 15701 42.004 42,084 University of kkanras-Graatr for Agricultural Reocaich Ceripeidrse Rcseaich 10206 UA MS 90605-23 16,8% 6,096 University of NE - Grants for Agr’celtaral Research Carrpersrive Research 0.206 25-6242-0006-002 1.076 1,076 IJAPB -Gratis for Agneulleral Research Competitive Research 10206 229430232 3.976 3,976 Oceanic Insulate - Grorla for Agncellaarol Research Conpeiilise Research 10.206 01020110 4.44] 4.441 Univ afGA - Grants far Agricultural Research Coinpeiilivr Research 1021)6 8Rl01-329)3505438 2,175 2.175 UAPB4leasis far Agricultural Reoearch Compelinioc Research 10206 229-430217 13.977 13,977 Jooeph W Juno Ecological Renearclr Ce - US Depamienl efAgricalrarr 10206 2066-35101-16557 19.667 19.667 Mioaisappi Slate Uesernslv - U S Deparrnrenr efAgricullare 10206 102500-310l24-0l 20,160 20.160 University of Maosachunesa sJrersl . Gnarls far Agricalaurol Research 10206 06003657C03 35.644 35, 34 4 MS Board ofAjnnaal health - Animal Health arsi Dunce Research 10207 090 l3 4,379 4.37 9 MS Board ufAraniat llualih - Munial Health and Disease Ruoeaich 10 207 07110908 221 22] MS Board nfAsrasral Health - Aiscrat Health and Drocare Rereorch 10207 07070624 (910) (940) UA.PB -18193 hsualutran Capaeilv Balidrag Geanea 10116 229430237 4.900 4,908 WVSU -1890 Insonason Capacrnv EoildangGraera 10216 CR414710101 1% 496 Unaversay afMaanaas’ higher Edscasan Challenge Giants 10.217 UAAES90949-03 5.3 75 5,375 University afM - HIgher Iddacoom Challeage Grams 10217 UAAES 9092643 6,340 6340 Unaverarty afChieago - Agrrcaloaiat srd Rural &anornc Research 10250 35843-C 3,136 3,436 NCSU - hararaoou far Faaoe Agnealirare and Fard Sneensa 0.303 2003-1477-02 1,616 1,616 NCSU -hetralcuc far Fuvure Agnrculruee awl Food Sr’ihrnra 8303 2103-1477-02 (9,112) (9,112) Teresa Tech - Parlnerohap Agreenseaia so Develop tlarn’hroaratlce Rash Manageeseal Teals for Predrseern )Faar 0456 Teves Tech (USDA)RMA) 97,549 57,549 NCSU - Cvnapcrarlve Evnoaeiar Seraice 0.500 1060-1004-05 1,936 1.936 OUaharsa Sr Unrverarly ‘ Nasiuoe Fdracaaiaa and Tcasnrrag Prognani 10564 5-17317-01 1,918 1.910 Usiuersriy of halissisaapps - U S Deparauseari of Agnrevllure 0574 0649443 102,066 102.066 Unsserariy aftilaooinippr - U.S Deparanacol ofAgrscalvare 0574 00-04869 5 99. 397 599,397 Uniuenio afMarvrrapps ‘US Doparsrsoul afAgrrcellnne 0574 0942453 13,092 3,092 Unro’ersrty of Miasirsipps ‘ U S Ltepararcirr of Agrieulaare 10574 09-03-056 5.801 5,801 Unrserssly of Maanasoapps - US Departoroni of Agrcnllaie 10.574 0944-060 120,690 120,690 Ueauerrsly of Mississippi - U S Deparareni of Agiaeulrsae 10574 39,007 99,087 Uriruersirn of Massnoippi - U S Depaerrrena of Agracalreae 0.573 85-04.051 11.985 11,983 CURRIM - US Depr al Agriculiere 0652 CUIOIM 386 8,258 8,258 MS Foreoisy Cum -Fureolay- Research 30652 MS Feiesrn Cam 6,310 6,310 Nail Cosneil for As & Smear - Forearm Research 0652 0020123 932 932 Unsversav of TN - Farce0 Reoearch 10.65 2 AESSO934lOl-0l 3,731 3,731 MS Forest’ Conrarunsoar -Cssoporarive Farcs Aaallraree 0664 MS Foiersy Coamnrsases 4.127 4,127 Uuavuraaty of MO - Fareos Health ProieelEoe (A$) 10680 C800t2805-Ol 6.5 20 6,928 Mrssrsaiwt Slats Urroeraly - Slate Vet Darabare Denrga 10 stows 11.261 I l.2b1 Sablulal Pass-rkaagh fragrant 1649.711 - - 11,261 660.939 - - 9,hlO 35,344 932,548 Total U S lk1sarrueni of Aorreallare 45,107.006 6.013.489 15,736 37,939 31,167,648 - 5,900.454 35.344 .937,076 - 157- State of Mississippi Institutions of Higher Learning Schedule of Expenditures of Federal Awards For the Year Ended June 30, 2009 Federtal CFOA Passlhrcugh Entity Total Fedetal Federal GrarrtorlPass.thtrugtr GraneoolPnogram or Cluster line NLgTtber Identifying Number Expenditures ASU DSU jstj MSu MLAW MYSU UM UMMC USM IHL Board MCVS U S Deparurenn of Corororco 4.154 lp.mrnort of Contotrnicr lI 102 517 98.093 Trolmisal Aso’slaoce Program 11303 7.289 87,289 High Sclaanl Screaco Pipeline 114W 2498523 2,498,520 .°sad’nnouo Fish Conoctyonnoni A [ Ptc4nam I 405 41.312 41,392 SraCititcpl I 4:7 lSsi lit 714731 161.528 .45)11 Carat loire kneanno: Eiarro Rceaa.c Rencsa :1420 I 2ti FausMc&malCsGaIftnao&sce :2410 5207:905 sFksdc,w1am1 l16lreaio Rcoeaxh aead Draeltrmi Grain 11417 6511 5,511 Jidroru Roieanca :430 3622.1.5 1.622,119 Gr1(ro:fteoiaoiikonuxioao195U3J<’asaiccopasmeh4z.tLrcs :432 5.66)14? 5531672 Slarce Fadecn Lr,aioo :433 57.695 Siudicuan Ason Monntorrng and Ase.snuncnn Prunom 114)5 469,491 465,491 Unappined Management Projects 11154 90.31) 90,329 Special ftoantc and Alonosphennc Projects 111W 1,667,905 6,349 313,973 49,659 1,197,908 Habitat Cornervannon II 463 I .507,768 192,33 3 449:412 846,493 Applied 6lereorologucal Research 11461 1:322.919 433.972 Cnagneaunontolly Idenulial Atorarda and Projects 11469 57.833 57,833 Unalltrd Seneace Program It 4 72 33 8.536 138,936 211,371 Can as ta I Sc n’ ices Cc acer 11473 211.371 Hagdt Selson] Scientru Papdtnao 11481 114. 54 2 I 84542 33.697 065 - I,C1)294 *472,319 - .5,C32141 . 7.711.761 for Morse Mnni Ss.i,cs’US fceurjro o0a’cnrro ti 19,145 19345 MSm:nclSlasiRrsstcoi-U S DetofCccrorae It 09-03s 6,371 6,322 21,302 ThUS A & 64 ‘U.S Cqen,terc cfCo.rcce Ii WI 08’OIO 2:332 MS 5nsangcf More Reaunorcun’ I S [kpoa’stx52iCearu £60 87012 181 9:81 MS kpafln ;1 Moist tunanuscun’ IS Depanmn1 o’Csntc a: 87,145 Ill 35.66 MS Depantrixna of Marine Retearco ‘U S Dcpamtrcor ofConvnenco II 07’USMGC8L’RS’Yl 125 .6 14 3 25 .0 4 16.762 MS Deputnareno of Mentor Resoinros ‘U S Dcparrnxnl afConmuce Il S’08’USM’008P lID?’ I 16.762 7,686 lire Chruapeake Research C0000trnuntb he US Depaffineat olConiunenee 11091 7,686 9,335 Galisnates Manure Ftaltenseo Canmanston’ US Sepanunneat ofConmnerce 11415 B0,LFISH2IXISI8NAO4625I 9.335 SC Dept of Nil Rca ‘Sea Grant Sopperor 11417 9074082420 6,896 6,896 11417 USM-GR02638sVMNIBUS’AT-7 58,7 10 S 8, 7 80 USM ‘ Sea Grant Ssppott Ftnlnuaart Eralnannon 11417 P0047,hR4I7 9078 282,344 282.344 I6OII7MNIRUS’IUCEII13PD 346 346 Unsscnstty nfSooihertr hlntuisrsppt . SAM Ida urn Western Giond Bar 11417 USMGROI 11417 USMG 00263 9(0149 lB USRaULI II (PD 960 962 I lnnsttnnrr of Sotathean Mioaostppt ‘ MS’AIahonna Sea Great Conooeaont 420 05618 40,860 YL%49 . Coarnal loire Manugein Erie Rewa:c3 Rarea B MDMR UV’Uederseakrieaz± 7430 07Ii019 3,444 LinanrqofMnoseçpt-IS DeprsruenACorrrexe 11438 25407099 Lhaonrfl of Masn0500 ‘L’S Depcztu o(Cmruee 11438 49’09’022 48,310 41,340 81.641 L’.nne:9AMISS,n$ei’IS I16pcrcuao(Csnonueu 11430 1049-On 19,613 158- State of Mississippi Institutions of Higher Learning Schedule of Expenditures of Federal Awards For the Year Ended June 30, 2009 Federal CFDA Pass4tirough Entity Total Federal Federal GrantorlPass4hrou9h Grantor(Program or Cluster Tote Number Identifying Number Expenditures ASU DSU JSU MSU MUW MVSU UN UMMC USM 1HL Board MCVS Univetsilu of Mossserpps US Pepunmciu olcorererce [430 07.334230 196525 96.529 Ut 10033 781.441 101.441 Untuonot of Msosssntpps - U S Drpornseisl rfCoeererce I 430 Universal’ Corp Fm Aeriosphersc Research- US l4omeorr olcosanrier 11431 509.75034 400 455 Mattolft Sin ,ii.scris,v- US L-u1JC.eae Ii 432 I6i63500C1( 118,950 12L9&3 35049 Oosvo’p Sule Uscnss . S rnirerarc’Caceoe.’ce Ii 432 14i&Xi1o355CI5 15.649 M,srsn,Sir:c0Ii:eemsa ‘US ,rnanxtx:ce Ii 431 29II6o157tt:’tt 4C. Maon:nn.cSu:cUtvc:s.ss US ckonrr1a,’Cnco I! 432 9l-liO35S64i2l 0.510 3515 M:ssSis:cUinero89-US DaerdefCxr,.cr 5431 9Ii36355302!T02 27.059 17,059 19100013n355t6113031 8.106 IU,I M:osa Sloe Uisevelo . US ,rcn,emComorercr 11431 M:o:oo.SiaeUxven’LS D:ooerxroo’C.wcrerce 1432 l9lX0l33S5U1isTh3 85.173 55476 ll3t35i315 95,502 95 52 51:o’roop Sin Uxvemty ‘ L S ;ur1ufCsITce Ii 932 S’:eseootç: Sure Uzscrso:v-U S )e,onam&Cazrcce I 432 I9acLt:335S0U2cO4 76.654 4303 5tsseoa;:SioteU,.ncsocs .5 ,t-efCrance 11412 l9I.5,612/r3 v52 652 %oisopç:SaUttasay . US a’nmCxncce 11432 181101363593021TU09 99,976 MS Uparnrcos etManue Resources. US DepeUroi JUorurerec 11.433 07443 09,970 9610649 5.090 5,0% thgon Sure Univesas . US OcporeelofCornrerce 11440 509 M,xe Moore Laberoson ‘US Depunireni efCrrererce 11454 MMLIOO400ANAO1NMF4SO 585 14,950 MS Depsorsert olMorane Resources- U.S Depanoneri ofCoruscrce 11454 S-038-USM-EDREI[-A’TP1 104,950 4o0 The NoereCossgnranev. US epaslimlrt elCortiseece 11.154 MA’USM’l I 004 406 11451 07-MSU-ARp42 29.033 29,033 MUMR - Unalloed Moragearieri ProjecIs 4.025 Untuernriy is! Menlord Bronec050le64 Inuslute -US Depamsecol oiCeounerer 11457 0352757o0 11.025 440,364 Untoerel; ofMsrvlatd Btosechnoto’ lenttlule ‘US Depaveiserl ofceriatierce 11457 SQ33275833 440.764 11.463 USM-OROZt 304201 USM ‘ Special Deeenic and Atmosphere Projects 5236 45.645 Lotaastorr Uessrntr,re Manse Cetioonsaoe -US Dcpe’Irsenl efcoevreice 11463 674305 45.645 leeastuea Uitrnrietlirs Mortise Cirnsonitmt -US DepanIseAr ofCotesrscree 11463 CR052331610671 139 3,186 3,106 9.350 lnauruea Uniersorlies Manse Crsssnsonu ‘US Depurirteet ofCsrranerce 11463 CRESTh9-18034 698 19.350 12,054 32.051 Muvesreippu Suit Un’ ensty . Si S Depensrscrl elCorurerce IL 463 0] S9326520-02 11463 00-0 0o70] 3908 11,117 14,117 LUMCL3N CREST - Ilobsiat Coutsenrusters 0,404 OCAR ‘ Mcueouolrgre and ltidtotssc Moderluuze!iun Lkvelopsieuii 11467 50040030 38,404 Manaeao Sua Ua..rusr, 115 CR u-is rcsuttlarutrercr 1464 191643-660123-lI I2elfSceeoMasucF*c.rsCe,tus-US neeln:clcmcecree 1472 A3207-CN4ISSSOCRI 10,064 GUfSsa.MsFsuRcrc,Quwazoucc -U.r,xreefQonaerct 11472 2’-OA-LS555RL 65,33! SbtMauxLa&nusom -US irreoiConrarcc It 472 MMI-173355 6126 16,516 SbeunneL&veoae.SIS ljelaicrueicnexe 1.472 0t-i734i 1,51’ 517 Mole Mantle Luborulery- US Depansoret ofCaiesueree 11472 MMI.-170’511 00.430 00,470 MSDepunio(Mnrei4etcioceo’US De,rcnteere!Cacerccr 13471 06L1SM.NMY45’C23 55 NfrPani&ieraescsboeoa-US.Dep’.ive’Conmrtee LI 42 t20 66.123 33,226 76usA&Meoodaeou-US De,u1,oc4’Ccrcee 11473 50’ 9 0124 6,121 05,331 Se’S Dcat’rerlel Mance fcsauun-US Dep.metue CDrnuraorce II 451 04129 SEt The%nerCzo.-nea,-US .)nprremeSCooer2 [9191 &14!-3rt1260 111e4 NA060A,R48I0i640953 346,592 110,591 Floruda A&M Universeo . Esorarurnenlul Cuoperaatne Science 11.431 - 159- State of Mississippi Institutions of Higher Learning Schedule of Expenditures of Federal Awards For the Year Ended June 30, 2009 Federal CFDA Pass4hrough EnOly Total Federal Federal G.antorlPasslhrough GraatsrlProqram or Cluster Title Naraber denIitng Number Expusditsrss ASU DSU JSU MSU hUM MYSU UM UMMC USM lOlL Board MCVS howard Umversily - NOM-Alenospheric Sciences II 481 NAO6OA.R481O1721631Ol7H41O5O 258.496 258,496 Mississippi Technology Alliance - U S Deparanunt oleonnorree 11.61 I MEP2IOIB-9 (l09 (109) Mississippi Techrologv Alliance - US Deparnreni oiCommerce R6I1 MEP-280OKAT (10.601) (tO .604) Mississippi Technology Alliance - US DeparasrealolCeonnerce I 1.61 I MEP2009-0 84,819 84 8 i9 MEP afMS - Manufucineing Eslenion Parosership 11.611 07121229 4,4i6 4,4i6 MS Technology Al]saace - Manufacturing Erotennian Pararership I I 61 I 05030295 103 103 M’I’A - Manufaciseing Eslension Pannership II 611 08030294 2.697 2.697 MTA - Manufacinong Estenston Pansership II OH MEP2809-6 67908 67.900 MTA - Munafacinnng Essensien Panrsershsp ii OH M0P20094 296,332 256.332 MTA MOP - Maanfactnrsng Extensions Paehrernhip i i hi i MIA MEP2AIO (2,572) (2572) loward Uninrrssiv - RADAR Ii solaeosni 634554-i59790 3.221 3:222 JeAn Hopkins University - Theoselacal Mode]sng of Nanolasscil iln±sossnr 956i26 746 746 Unrsscrsitv of Soudseru Mississippi - MS-AL Sca Graal Coasoeiurn ii 417 USMGRD26396OMNIBUSEDI9PD 4145 4,345 416.705 - - Subiatni Pius-through Programs 4,175:816 498.624 - 282.344 3,270,142 Thin] U S Depsotmeal of Coarsarace 25,133,601 1.445,792 7,371,393 - 5,31 4.592 - 11001.903 US Depursnons of Defense US DepI of Defense - Basic and Applied Sciensfic Research 2000 25.2513o) 18,609,250 6,i35,239 SiO,871 A9uaaec Pistil Conirol 12.100 I,593.il9 i,593,iBO Piessi Control Projects i2.i06 131538 i3 1,5 38 Coliaheralise Research and Deselepirorl i2.i 14 i60129 144,472 iS,757 DIsco ofihe ChsefofNaval Research - Basic and Applaud Scscsiilac Research 2.300 6.493.972 355,681 475,384 901,128 4,761,079 Nsiseoal Guard Mi]isa0 C4tcruuions and Maunlenance (U&M) Projects 12401 307:641 307,64i Military Medical Research & Derelopseenl 12420 1,6 57.0 19 495150 i,16i,869 S tarry Malenal Coninrand - Basic Scierlufic Research 12.431 1.559.210 109,942 452,270 676.779 990,326 9.793 Basic, Appisnd. and Advanced Research in Science and Engisecang II .630 2.357,790 114,016 1,0i5,739 12i,729 i80,276 Air I ncr Defense Research Scaeeccs Program 12. 800 493,4 iS 96,068 96,258 00.221 220,860 lofomiasan Secnnly Grant Program 12.902 29 i .8 i 4 291.814 Research and Techilogy Deselopmeal i2.910 3,288,605 3,288.605 DOD - Theerally Targeted Dehivei-y ofu C-Myc Inhabinros Peplide II anlaroooni 74,131 74.i3i Runny0 Protocols Il anliatosnns 54 .74 9 54,749 CIS Based Decision Supponi Aids i2 snisroont 64,456 64,456 Endocrine Disrupting Compusads II iaedseiansnr 70. 225 70,225 Csapnlaiiuoal Chemisiry Prediclions II nnknsnuri 16,847 16,047 Sabsoini Direci Programs 43 87 0, i90 701,16l - 6,237,964 22,293.659 - - 8,620,991 74,i3i 5,942.285 Pass-threagli Program Front MS Mslsiary Dept US Dept af Defense Il 000 07-MOA-ARE-00 11,211) (i,21 i) MS Miliiaoy Dept - US Dept nfflefense l2. 00-MOAPC-Oi 2,889 2,809 li-tv, lx -US Dept ef Defense 2000 A.PVTWO3 32,127 32.127 - 160- State of Mississippi Institutions of Higher Learning Schedule of Expenditures of Federal Awards For the Year Ended June 30, 2009 Federal CFDA Pass4hrough Enti Total Federal Federal Grantor/Pass-through GranlodProgram or Cluster Title Number ldent8ng Number Expendtures ASh DSU JSU MSU MOW MYSI) UN UMMC USM IHI Board MCVS MS MrLrIai3 Dept - US Dept rfDdenoe 12000 O7MOAAREO9 (101) (101) MS MOJars Dept - US Dept rfDefense 2000 O8MOAJO9 39571 39.571 Scud - US Dept olDefesor 2 070I42 TASK 2 88,199 80,199 Barlelle - US Dept ofDeferse I2. TCN 80119 148.410 148.410 MS Milriary Dept - US Dept offlejOsue 2.000 00MOAPCIO 60.304 60.304 Ilattetle - US Dept ofDefertc 12 000 TCN 08119 37.017 37,637 Oplorsee, Inc . US Dept ofDefirsse 12.000 P010145 El 2605 2.605 Krirsare Ire - US Dept ofUefesse 12880 FOOA’0174223 4,770 4,770 Geo-Cerilrrs Ire - US Dept of Defertse 12000 4202364K 25 25 Semi SmIl] . US DepI ol Defense 12000 91019 27,435 17,435 AIJSL ‘US Dept ofDefenoe 12.000 WISP7T-06-C-P408 9.911 9,971 HOE Stniems ‘US Dept olDefetne 11000 S11007M5U I 19.195 19.195 BAli Systems-US Depi ofDefesne 11000 067790 9,973 9,973 Batlelle . US Depi ofoefense 12000 TCN 07173 176.404 116.404 Handle ‘US Dept ofDefense Il TCN 07190 319.977 319,977 BuOelle-USDeplofDcfense I2 TCNO7I9I 555.113 555,113 Hoitelle-US DeplofDefense 2000 TEN 09050 45,258 45.258 Hultello -1)5 Dept ofDefenoe t2. TCN 07176 304.505 304,505 CH0’US UepO ofDefetite 12800 TEN 05169 (19) (19) CAR Solutrurs ‘US Dept oftJeI’e[ue 12090 07060579 (31.149) (31,009) Cuntgtnu MrerrsysionisCorp’ US Dept ufUefeitse 12060 MSUOI 4,519 4,519 EWA God Sys -US Dept ofDefetsse 12.000 EWAGS’07-StD-6004 75.200 75,200 EWA Govt St n US Dept of Defense 12.600 EWAGSI’08’SC’0089 91,705 91:705 OURS ‘US Dept ofDefesne t2 1310 GDRS 57600764 60.897 60,697 Georgia Tech ‘US Dept ofDel’eonc 12.000 07443-Si 107,461 107,461 Gulf Sooth Research Corp - US Dept of Defense 12060 GolfSorth Research Corp S0. 50,900 GolfSoontu Research C-US Dept ufDefeune 12600 GolfSoulh Reneoeeh Cop 29.038 29,030 Jackson Slole Unitity’US Dept ofDeferrse 12000 W91238’07’P’0428 (170) (170) Jackson Slote Uunuersil -US DeptofDefesse 12.000 W9t278-00.C-6053 46.068 46.068 6401cc ‘US DepiofDeferse 2060 MILTEC-04-C’0018 29.643 29,643 Morgue ‘US Dept rfDefense 2060 MOR-IDIQ’05-0030091 I 386.450 386,458 MS MIlitary Dept ‘US Dept ufDefeirne 12060 09M091’C10 34.320 34,320 Nesoty Inc ‘US Dept ofDeferse 2.000 N60335’08-C’0469 05,918 05,980 Northrop Gnnrnnnn ‘US Dept of Defense 12000 5119906011 76.093 76,093 NrrithropGrurnniaoi ‘US Dept rfDefenne 12000 SS P0519890011 149,832 149,832 OSECUS ‘US DepI rfDefense 2.600 800t8-MSI0402’06 5,450 5,450 Rute’Keo Inc - US Dept ofDet0noe 2 00090816 49,623 149,623 SearSooth ‘US Dept efDeferse 2.060 01016 285.022 285,022 SemiSsorti Lnh’ US Dept rfDefenue 1.000 1015 (20,990) (20,990) Sesid -US Dept of Deforie 12 J80 07014-002 TASK ORDER I 21.771 21,771 -161 - State of Mississippi Institutions of Higher Learning Schedule of Expenditures of Federal Awards For the Year Ended June 30, 2009 Fedemi CFOA Pass4hrouqh Entity Tolai Fedeial Fe&ral GrantoilPass4hrsu9ti GintsdProgra,n or CI.aster Titla Number Ideslifying Numbs, ExpenSurns ASU osu iSO MSU PIl.R’i MVSU Lii OMINC OSM OIL Board CVS -LSlrso(0ierae LfO)4 07C28-I 8td10) (5223) S,SCco1Dsiirae I1 308) i) RTA.lr-5 1*iflrxm 17(# .‘,S-285TO9I3 4:791 Uliralifr US pl of Metre 12800 1840-555-MSUOkOSO.C?030 46333 46333 UQM Teshnolopies - US lpi of Dolcoss 12 0 F8%50-03-18031 458)211 458.40] UQM ThnoIogsos- US Deps of Issss 2 FA8SOhO7’C’8034 63,708 63.732 Mississippi Mslilai Deparmierl - US Department sifloterse l2 07-MOA-A.RE-04’USM 1717) (717) Mississippi Military Deparmiest - US Doparmmeni ofl)efense 2 5 07-MOA-ARE-05-USM (1,039) (1:039) Mississippi Military Depaitorest - US Department ofl)ekrise I2. 07-MOA-ARE-0&USM (626) (826) Mississippi Military Depansarerit - US Depansienl olDefesse I) 0)0 08-MDPAC-02 38,413 38:413 Mississippi Military Depamneni - US Depariroeni ofDefense 2800 89-MDAPC-04 47.9)2 47,902 Msssis0ppi Military Depamnesi - US DepaimnseriI rfDefense 121)0 09-MOAPC-05 130,180 30.480 Mississippi Military Department - US Dopamsesi nfDeferse 12 l 09-M04i’C.OO 38:974 38,974 Mississippi M]litiiy Depaxunienr - U S Depaimsnient ofDefrnse 11 fl)) 09-MOAPC’07 80,420 80,420 Mississippi Slate Unis’ersiiy - U S ftparsnseni is1 Defense I) (Ut 1911Ut-360294-0t 61117 62,17 Mississippi Stale Unhs005Li) - US Depamisear of Defense 12 Ut 191(Ui-388029941 123,193 123,193 tech Inromrirlaoral, Inc - US Dopamnont ofDesrse 120)0 P00)0385 57,171 57372 Cniee6 Iniersalisnal, Inc - US Usipanarnent sffleknrse I? P08331 712,0)4 712 609 lkvecjMaeh.U5 wsamefDekrie lOX b’,-3567A 2&.5 It))) VanoewM:Irr Deransitseci . S lit rsofDc2cmoe 20) 87-MOA-ARE-03-USM (58s5 5E55: MiIervUercir.i’US Depn:ofDsiense 12080 rar-MOQC-Ot 34sg l.4amrtmaMiltrvocpaci:US Dsjr’ocjDekre 280) 8045AC-05 9.228 9.828 MippiReseorthCrtariiam-USDczanofDeSemse na I803)t73-0t 345) kas’ersstTednotortCopsa::x’US De,aoarssof[Memse t2 (0-556-etC 55)43 55.34) (scstTertMa5’.Copins-US Dec ofDekian I1 FAShSC05-D-56)7 1139) U.358 .rwiFondm-US urersa(0Weuie 12801 45917 4137 Crfi l2 08_M_)2;1C333 50.9)9 10.419 20)0 Ii49)tY4.aAL’ 21432 71432 SAIC DThA I2 DASGMc03-C’t9 4,116 4,116 Craft hUt EA8650-07-M-3717 298 398 Craft 52 FA86502’C-38t9 65,626 85,626 Craft l2 ?A8650-08-N1-3801 12.519 12,519 DirTeelt Inns-US Nave I2 PItA 5,540 5,540 Cr tee Ceep-US Nas7’ I) )0 Nt)) I 40-80-0-802 54.979 54,979 MSU / US Navy II lUt N62306M1-D-B8011 41872 48,622 Craft 2 N68735-05-C-0381 3335 3335 Craft I2. 808335-07-C’80t6 280)427 280,627 NASA 2 tUt NASIM2I 17 37,477 37,472 USM / NASA 2 14145416M929 203,920 201,918 MtSE’T-I7OD I1 UOFMOSOI 48,482 48,481 - 162- State of Mississippi Institutions of Higher Learning Schedule of Expenditures of Federal Awards For the Year Ended June 30, 2009 Federal CFDA Pass4hrooagh EMily Troat Funeral Fedecal Grantouo?ans-througln GrardorlPrograrur oi Cluster title Numbe, ldeotiflrig Number Expenditures ASU OSU .1511 IdISU 1111W MVSU UM UMMC 0511 HI Board MCVS Uunnureroilo sf566- Air Forte lkfeunse Retarurcir Sciorcm Progrenr 12860 05-003203A60 12.191 12.191 Aooomo’ ofApplned &rej,00’ REAP Iloukuroronn 0)40415 2,579 1.579 Mosorauppu Scoe Uurocrnrro . Adu’ooct Urolaul 14cc I! oukrrrur 0601808-0l090729 1403) 1409) ‘ Soblrial Paoo’iIrrug6 Progronnr 1,369,688 2 383 6:047:590 ‘ 43.913 2,705,937 . 2,569,164 ‘ Total US [kparmrcrlofDelinrrc 55,139. 07 8 701,161 ‘ 6.240247 28,341,249 . 43,913 11,326,928 74,131 8,512 149 U S Depammooni of Hmorud nod Umbra Deot[rpoenr Wrooncallo- Block Collages & Uunrneunrlnoo Progrorno 14237 35,903 Cmmmosoic Dovrlcgrarerrl Blnlo GromroiEcooomrc Dereloprorur lorrtoro’e 14246 8.923 I823 rota] U S Drparmeni ofHuusourg and Urban Drre]opmrnt 54,826 35.903 I 8,923 . . ‘ - ‘ - — US Drpsnortenioflrrirnor US Depi of Inionor 15082 429,271 111.219 296302 19,350 Goals for Mrring nod lohooral Ornooroco and Rcocarch Irorriores - MMTC 15308 108,353 108,353 Moocralu Mara6cnrrr Senox )lo16OS) Lonrorarcolal Siudico Prorxr (ES?) 15423 312,603 3)2.603 Mannr MmaIu Acuvolier IS 424 4,018 4:028 Fisk aol WrIdhE Moriajrrrroir AorrLrjr I5 688 443.161 8,652 foqanrauct Eodar0nrsi Spccrc Corrcrroalron Trod 15615 2,248 2,248 Wridhifo Crnrvorror and Approoaitor 15617 11.178 11.170 84.I:i-S:e C-oantox Co-ut :S( CnnaO Czlo Pruaec Suro.o*ap Fr, rrarJr1 Seco is 531 :‘b,667 Asaaorrx no Snot War Rrocro Reseat corns 15835 :0:110 5808 0)6529 403.332 3197 Curt Reserok t96io Prog (CWJF) 5812 I2745 25,746 Sacocri Crr2cfx PrrsaraA. T4og an Traxrrr 5023 6241 6.241 :5978 2 20 541 22C644 Süx8 Du,rxi ?:ocoo 246625: 1,665,951 - 723,934 ‘ 77856 P000-rbroolk Program Lana SOWP.USDqc01’rror.s l5 OWrfOS2 20711 26,72 I SOW?? - US Jepo al Irrcron l5 15051 1,525 LaormxTacin g - LSfk, of xxro, i5W lacucce icro taO 6i,282 61.282 MSr1Sn!RO,JS.US Ekpa’srnofiholoions S’C5-F95-USM-9 18,504 S,rnrcrStaRcnsoo-U5 pioofthoIoai.. SS-15M-F-13209 33S 33,540 l.°.SfcrrxrdofMzsctcsejrxo’ US 2pjocfI[sehrms S-rn-SM-T-I3h-18 lt.122 102,492 151 lktiri:lrFaknc&fnat,US Dep.inxoirO ocicouc ISC 29,454 513 Oparo-rorl 01 Siorroc 4corurces - S Geparmrerr altar utooor ISLX6 5L€-S’cSS)-I lb 82:624 82,824 MS Depamrenr of Manse Reojurren - U S Urpauorretrr oldie tricolor I5 5U8-8-USM’IlO 50.004 50,804 MS Uxpanrncnt ofMonnc Reanuoces - 1)5 Depolnrait oldie II]rOlor 15082 5’08-F95-USM- lit 46058 46,058 29,892 MS Dept of Wridide FLI6UioS & Ms - U S pnleoi ofdre Irocoor l5 29,892 Univerorro of II’Dpi ‘nt 1508) 2027-02647401 3:457 3,457 Univen,ri0 of Mrssrsutppr - U S Deparorirna oldie Irienor 5124 05*02) 6.495 6499 -164- State of Mississippi Institutions of Higher Learning Schedule of Expenditures of Federal Awards For the Year Ended June 30, 2009 Fedw CFDA Pass4hrough Entity Total Federal Federal Gran1orlPass’thtou9h GrantorlProgrwn or Cluster Title Number ident8,ny Number Expenditures ASh DSU JSU MSU MUW MVSU UM - UMMC USIa liii Board MCVS CAll Arnio 52000 Wi SP7T.06-D-0402I0019 I 02, 53 I 50211) Univorsiri oflosh-US Arms i2001 W%03M45-C-4t98 4.661 4,669 Millet - Arms 12003 W9l 13M-1l3-C-009h 450,661 450,56) Impulse Dex’Sk0C 2000 W91i3[d-07-C-0970 1,02 1,455 1.02 1,455 Easrh Search-Corp 52000 Wsi000-04-DMOO3 25,134 25.134 Mississippi Slur Urns cruris Case Marugemerl Tsxu[kii 12100 3nCi 54660800025000 76 76 USM Research Fosndaisssi U S kpallmcrt iii Defense DIII 84 84 is.n02 Jackass Slase Uriveisits - IJ S Depsrtirseni of Defesoc 12 tIn W9913h4.04-C-0120 15R02 112,954 Mississippi Slur Urrieriri - U S Dcpsrarens of Defense Il 308 19l000-3502870I I 12,954 USIA Research Fouadaiion US Depadirsers shllefense l2 306 15,816 15,116 Virigrna Tech - Baser nod Applied Scicnirfie Research I2 300 CR19222430221 8,366 8,366 Polylecloical - Basic and Applied Sesersific Reirsech 2.300 I A 875 009-1-0 146 34,b50 34,650 Drexel Unsu ernfly-Basre and Apptrcd Sc renafic Research II 300 204380 104,63 9 104,639 R1t0l49.Ts5L9& (1.037) FSU - Basic and Applied Scsentrlhc Rescuich I2 300 IC (1,037) lIE R00I49-faak7& 94 3,894 FSU - Basic and Applied Sererislic Research II 3-494 WHUI basic and Applied Scrrnisbse Reirsich 12 ICE A 04) 566 II? .060 117.008 [‘SU - Basic and Applied Serernsisc Research 11100 501091 29,373 29,373 450,019 FSU - Basic and Applied Serernihc Research 12300 000909 450,019 FSU basic and Applied Scientific Reicaich 2300 500909 144 .45 0 244 .15 0 0050909 73 173.140 [SU - Basic and Applird Screisnhc Research 2300 I .24 0 i*,Ut FSL5 - Bar: r.i hpçdied Scresailic Resn.’ce Il 31.3 91.1 It :230.3 II) .002 903 2 FSU - Bacc and Apples Sc.cciuic Rears Rm29 [SU Banc aM A144es Sc-cciific Rear, 2 302 RIQOO9 67.153 ESU - lam: and .600le Sc aisdk Reseaca 1302 R01900 1,45; PSI-USA :2302 hi1ir.-14cl41 I66.s)t I99M1 Si Macv Lbcaers:i’ - SL[c lr.aia:a.ord Reuc.eii 2302 A3cC 419133:7 135 ill ikrvcf’oasa -Mi,rsnC,seioniorha-&G’,sd 1416 kWiS5’OS 16.3:7 in.017 10005 5705 3 11,235 Univ of Iowa - Milsino’ ConaBnetanr, Nanceiul Gassd 2400 11.235 MsMicxnDepartreor.US DcflohDt0rac 2411 04 -MD&5C -CE 8* MLoisasppM,!cr DCpMtTCSS’ hiS Depurrc4oiDe5ccse :2 2 3,392 MsoiumwM:lcrar Dcpai’crcn:.US )epaslrrcalefllrhccsc I? 4-31 0c-Mao?C.63 7164 MmnissppnM:liearyDcpsnxre.US )mcud,!Deilr,ae II 4:1 : .t l li_ill Chip ARO 11 431 0-21-DOTS: 0I.25s 61,272 Deatkçxrnn ci Dcv Scarsee t4 II s31 HM1SSI-0S-:-C(.io 43003 13.913 hOC R:.USM.C0:: 741.151 741.251 SIa4ne Eaerflsc C:osrais,cn - U S Drvaalrscne s Defense Ii 240,274 49,74 LM Research Foarmaroco - US Drpuiwuaa nf Uscierse 1806 hlern7’ SI Inclasisi Prim Air Force Defense Research Scesices Program 111100 000in9320 189,292 i89.292 Hens3 IA Jackser FAts Are Fsece Delcisne Research Sciences Pregrurn 12800 WlOihOlZO 85,357 85357 -163- State of Mississippi Institutions of Higher Learning Schedule of Expenditures of Federal Awards For the Year Ended June 30, 2009 Federal CFDA Pass4lirsugh Entity Tolal Federal Federal Gnanlorlpasshrouqls Granto,lProqram or Cluster Title Number Idenlilying Number Expendilunes ASU DSU JSU MSU MPIV MVSU UM UMMC USM IHL Board MCVS Moniaria Siass Uniissriuiv - Cslinral Resource Masagemeni 5224 G231-07-W0294 3.94h 3.946 Unisersul5 oF Mississippi - US Uepnlsienl efthe Isiesor 5423 09-11032 180.55 2 180.552 MOWN’ - Sport Fish Reaarxsar Progi us 5605 07090670 83,356 83.356 MOWN’ - Spool Fish Resornises 15605 P04644885612 59479 59,479 MdWFP-US Fish 5605 9514 7.405 7.405 Al. Dupe ofCennervniior -Fish arid Wildlild Masagoineni Ass vance 15608 8040328 4.228 4.2 28 NFiAT - Feds and Wildliid Nlsiaporioiie Aisiiianeo 15608 2iAl6-0l56- 4.039 4,089 Puenro Rice -Wild]ild Resiorarirn 15611 DF86R 133418-01111 78.168 78.168 N0)WFF . Wildlife Roooraiimi 15611 W-46-56 839 14 .878 14.078 MDWFF - Wildlife Resirrunas 15.611 W-88 Slady #57 3.846 3.046 MOWN’ - Wildlife Reanraum 15611 W-48-5058 9.863 9,863 MU\Si}’F - Wild]ife Resiarsiran 15611 Siedy 80)5 83,052 83,852 Ml DNR75lB9272Bela,r 15611 75lB92l72 23,886 23 .386 KY Depi of P60K - Wildlife Rosiorsesom 15611 061101697 38.907 38,907 MS Deparimesi sfMssire Renonrees - US Deparrnesr ofilw Isis-nor 15.614 08-USM-MGCF8MII 12,993 1.993 Memphis Laalogical Socieiy - Cesporasse Eaidaiipared Species Cornirvariss Feud 15615 88020192 380 380 Miaiiiaa Gene & Fish Comm - Ceoperasee Endangered Species Crnneisiasor Feud 15615 88830256 6.63 7 16,637 Aslcoraia Game & Fish Corns - Cooporasmn Erdorgered Spaciei Corsoivasos haloS 15615 87040390 32,S11 32,512 Mississippi Meieian of Nalural Science - U S Depaisseni ci she Inierior 15634 USFWS Posi KnlnraOl 47. 183 47. 163 MS DepI afWildlild Fisheries & Park-US [kparsseal ofthe Incisor 15634 FUNDULUS-SWG FY07 77.418 73.448 MS l)epl ofWrldlife Fiuheden & Path - US Depunsssear millie Islenor 15634 Meson 6-Sogasonl 24 11.590 11.590 Nn’ub Wildlife Refnge - Challenge Cml Share (01 15 .64 1 4018170091 .235 1.235 Maiahae Wildlife Refuge - Chnllerige CooL Share (B) 15642 40 18 1805 50 1.676 1,676 MSU USGS 15805 90HQGR0894 19.551 19,551 Mississippi Siaie Usivaisily 15.805 6,117 hAll US Gaologieal SersoilBosasreli and Dais folleenori 15808 07ERA00083 290.409 208409 U.S Geological Sarseyftlassnal Spalial Data lsfraasscrure Canpesanse Agroomriaio 5809 O6HQA008I84 25, 25, USM Resesrch Foendaliss - US. Depasmerl oldie Islerior 5904 35.908 35,908 NW Ssaie IS 923 Y082 299 6.214 6,224 Sahiolal Psus-diroagh Pregrasis 1.585.542 6.217 225.489 - 547,482 - - 36,637 - 769,791 - - l7oisl US Depailmesi ailnienon 4,074.293 6.217 225,489 - 2.234.439 - - 760.571 - 847,657 - - U S Depaniseni efiiaaiicar l)epaflnrusl of Jusiiee l6 13.647 13,647 Snare lasses Sraiuncs Piuigrsai lea Sisislical Analysis Cesions 16. 550 26,982 26,982 Jesnico Reseanch Ilevelepiriessi mid Esalsalior Prnjecl 16560 1484.940 1,484,948 ‘abbe Safei) Parsserdsip and Ceinariiiy Policing Graeii 16.7 18 663.511 663 .54 I - Sabioial Direel Pregeasis 1, 189. 110 - 663,541 1,424,940 - - - - 40,629 - Pasn-ilirosgh Propsarn Pram Univ sf TN - US Depi of lniesoo l6 0012577-10)1.01 18,709 18,709 laurence Tech 101- US Depioflaaice 6660) Losoenee Tizh Ire 38,426 38.426 Ysoro Cily Fomerul Csrreclisnal lsasiniior - Yazoes Ciii Fasreis Ed Projec.i l6 52,086 88.086 -165- State of Mississippi Institutions of Higher Learning Schedule of Expenditures of Federal Awards For the Year Ended June 30, 2009 Federal CFDA Pass4hrough Entity Total Federal Federal GrantorIPass-ttnrosaoh GrantodPrnqran or Cluster Title Number ldentifØng Number Eapenditums ASU DSU JSU MSU MUW MVSI) UM UMMC USM IHL Board MCVS Ilniverolay of Term - Juslace Research Development and Ea’aluaoon Projeel 15.560 DR12643-00l UI 2.545 2.545 Mtoaeappa Stale Univerotly MS Eleceonic Cnmes anor 6560 1007R0CXK22l/062960363l2702 21000 21.660 MS Deparmicet afPahlle Solely - MS Stop Violence Agamsl Women 6.500 06 06 MS Deparuncni ofPnblic Safer. - 10400 MS 5aop Violence Agateal Wotien 16500 035V4002 IZ506 2,506 MS Depannreel nfPablic Said) -20008 MS Slop Violence Againsl Women 16500 O4SV4Iaf2 02 .40 5 11.405 MS Depanmcl1t ofPablie Solely - 2009 MS Slap Violence Againal Warner 16.500 065V4002 15.172 15172 Mlsslmsppl Depmmenl of Public Safely 16730 5.214 5.214 Maoolotppl State Univeisay - Cylier Cnnse 16 atltloona 062900361)2302 90120 90.120 Sublolal Pasn-deoegh Poogoaano 312,337 5,214 10.006 I 59,357 59.600 - - Total U S Depnsrnlestl of 35511cc 2,501.447 5,214 00,006 022,090 .544.620 - - - - 40,629 US Depaninrent of Lobes Emple5ononl and Trairlnf Admrellhnllst P11015. DcillOtstralteoa, and Research Projeclo 17.261 423.504 423.504 Consultation Agrecereels 17504 556.910 556:910 Subtelal Direct Prognnres 900,494 - - 900.494 - - Pans-Iloonglo Program From SE TN Dcv Daniel - US DepI ni Labor 17000 09(00005 7.020 7,023 MDES - WIA Adall Program (A) 17 .250 7-590-0l4-W6727-l 1.551.151 1,551,152 MDES - Urienlploymleel Insurance 17. 225 7-S0)-0l4-W6727-I 145,620 145,620 MDES - Enrplo3rnleol Service 17. 207 7-590-014-W6727-l 07.321 17,371 aIDES - WIA DIlleenled Worhers (A,B) 17263 7-590-014-W6727-l 1,451.410 1,451,401 bIDES - Lecal Velerarc Easplnnineot Repleaenlsllvr Progown 7004 7-SWl-004-W6727-l 64,946 61,946 Jacobs Teclorology -31 Program I? uthnwn N73 1300 ThIS 100.961 100,961 5561001 Paso-through Prrgratns 3,495,356 - - 106,961 3.300.397 - - Trial U S Depaatnienl of Labor 4,475,052 - - 116961 4,200,191 - - - ‘ U.S Depanuneel ailranapoataotnl USDeplofTransporlaloe 20 479.904 413,961 MS Depareeeel nfTrarapirroaroo 20. 5 07 359,467 359,467 loaslilnie of Mnlasnrmdnl Tmnmp’ortanran 16701 503.303 503,303 l’ranspoaalloo Planorrg, Research and Eatucallon 20931 1,041.113 1,047,113 Integrating Asset Valunlon 20.aoloronin 33,609 33.609 Sublelal Direct Programs 1,423,456 - - 536.012 1,517.077 - 359,461 Pass-llrough Pragantm Fran MDDT US DopI of fraasgritarrao 20300 SP-9999-Co(027) lo4000/101006 0.917 10,977 MDOT - US Dept of Toarspoeanoa 20000 03090 (0)0000 Univ efTN - US Dept oflraonptorasisar 20.000 101564 19,102 19,102 MDDT - US Depi of Tronarotatior 20000 104550 121000 20,707 20.707 - 166- State of Mississippi Institutions of Higher Learning Schedule of Expenditures of Federal Awards For the Year Ended June 30, 2009 Federal CFDA Passhrough Erdity Total Federal Federal GranlorlPass-through Granbor/Program or Cluster Title Number Identifying Number Expenditures ASU OSU JSU MSU MUW MVSLO UM UMMC USM IHL Board MCVS MI)OT US Dept of tttrllxltdttCo 20.000 04558 120000 103.291 103.291 MOOT - US Dept oft ruitnpoitu000 20000 0402830000 97,070 97,070 MOO I - US Dept of Truitopoitutron 20900 104020 133000 71.071 72.071 MLXII - US Dept of Ttarnponattoo 20 104020 35000 11.760 11.760 MOOT - US Dept oflrotspottottoo 20000 10402030000 6.633 6,633 MOOT - US Dept of Traeopoiiatien 10.000 SPR-I(49) 104020110000 36.207 36,217 MOOT - US Dept of i1aitsoaaeoo 20 SPR-t(ISt) 15129 137000550200 55,946 5 5.946 MOOT - US Dept ofTrorapoaaiion 20.000 S0°R-t(5t) 105129131000550202 51,1 2 9 51,129 MOOT - US Dept ofTranaporioaoo 2f 010511 03000 65.000 65,000 MOOT - US Dept of Ttaonponattor 2OCt10 04026 0000 woe 00502007-OS 55.412 55,411 MOOT - US Dept ofTraosponottor 20.000 SPRl(S4I05366 135002007-15 7.620 17,626 MDPSF - US Dept of Tunoporiation 20.000 091(9401-I 243.070 243,070 MOOT - US Dept of Ieaoaportaitor 20(00 105129 136000 S50207 20.444 21,444 MOOT US Dept of Tronoporiotton 20001) SPR 1(54)11 05366 134002007-14 9.569 9,569 MOOT - US Dept of Ttaoapootaitor 10000 105366137000550214 31 31 MOOT - US DepI of rraoaoojiooor 20000 005366142000 SS0220 7,054 7,954 NASIFAA 20000 ACRPO3-Ot 162,200 162.200 SAICIUS Dot 20.000 0507-t-00-0GD-0020 77,303 77,313 MS Oepasoneot ofPebttc Safer9 - Enfoectrg Underage Drutog Program 20.205 07-OA-100-l 3,900 3,901 MOPSP - Oltgttnooy Tosoang nod fdueoator 20215 07-OP-lot-I (26) (26) MDPSF - t3tpttaay Trairtng and Educattor 20215 00-OP-40t-t 46,900 46.90 I MDPSF - [Itgltaoay Ttaintng and Education 20215 09-OP-401-l 77,564 77,564 Maaoiootppi Oeportotetst rf Pablo Safety ‘US Depororsert ofTraoaporuttou 20234 OM000904 5,497 05,497 Mtnatootptrt Sute Untreisitv - U S Department of Trunuponatton 20515 MSUI060SO2-363041-Ol 42,290 12,290 Urtoeratty of Deoner - Untcnit1 Traratnotriaeen Centers 20.760 36300-01-00 3 0.424 310,414 050 - Uotvetstty T0000potiltton (‘corers 20760 6347 16 6,329 6,329 Ursvoraitv of Woeoaotr System - Recyctotl Materials Resource Cotton 2oenboowo 047KII0fl0Ot1 0.354 0,3 54 MS Department ofPablic Safety’ Dnorrstty Safely Senonrot 10 eolcatoaoo 09-OF-400t 44400 44,410 Sebioul PoIn-tliroogtt Patgrouoa 1,729,004 56,673 1,375,103 - - 239.321 - 57,707 - . Tout U S Ocpoemeot of Transporution 4.052,540 593.505 2,902,080 - 359.467 209,521 - 57,707 - Appalsebsait Regaonot Comuonusoa Faoa-tlsoosgh Program From UMMC - Appatoehor kegtssttsl Cotionsaaton 23 56631-00 33,602 33,602 Appatuebtoo Reposal Careosuioa - Anaulyoso of Daapantioo ofOrol I colds and Aeceon 23.eukraoo,n CO 1003400 105,705 105,705 - Tool Appa[aehtaa Rrporat Cotmsnsatteo 139.307 - 33.602 - - - 05,705 - Ltbrao of Cattiness Dlanibuitor of Ltbrart of Congreaa Cataloorag 42003 172.071 172,071 -167- State of Mississippi Institutions of Higher Learning Schedule of Expenditures of Federal Awards For the Year Ended June 30, 2009 Fedeeai CFDA Paaslhrough Enli Total Federal Fede,aI GraotoriPaas6h.ough GranloilPiogiam or Cluoten TIle Number Idanl6ying Number Enpendituies ASU DSLI 8513 MSU MOW MVSU UM UMMC USM IHI Board MCVS National Aeftanaulica and Spscc Adnnininiraron NASA 43000 2,314178 257,243 63,361 2,064276 Aerospace Edacarror Senicen Program 43001 4,540.357 62 019.911 3,720,307 Tecbaolrwr Transfer 43002 3.216,130 3,106.304 109006 NASA - Di0riaI Aorniaani Project 43 rMnosn Nr-AOOCN45G 109,000 109,000 (9) NASA - Sralems kinlynin Approach lea DaroASalasra and Clinical Alganiilina 43 erianoorn NNJO6HA3IP (9) 35 9,009 NASA - Gender Dafferencri in Sedinni 43 u00noain N99(UaMB74A (51,009) 0 Pro Service Teacher InoIrlute 43 ardnni 73,409 73-439 Srnbrelal Direct Programs 30,369.626 73,403 3.363,625 - 003.349 354.702 5,094,309 Psnn-iloongh Program From learn Tech Ire - NASA 43.000 T0C-STTR-l-07 14,363 21,363 USM - NASA 43.000 U504-0003466 PU]SO0AAO3B 05,323 05,321 USMONASA -NASA 43.000 USM-12003519 M4500M03B 7.114 7,114 n47 CFDRC - NASA 43.000 43.094 43,594 CFDRC - NASA 43.000 fF040,’ 965 27,400 27,430 l{33xreemp En6.-NASe 43000 lip,’ 4,592 4,992 Kevnrore Snacrginrc Enep - NASA 43000 K SEO9O 11 6,379 6,379 laoS Ethanol - NASA 43 DOD 5150 Phase II 4,665 4,eoS 645 Etharol NASA 43000 NNXOSCP53P 30,657 30,657 Streamline Nunneries - NASA 43300 09000763 9,379 9-373 43034 03,910 Terra - P1454 03030 ThC-Sfli4-l0.00 Terra ReaeSr - NASA 43 Ce) IRC.SUR-i-oS 0.024 10,314 US4MQ - NASA 43001 53 22 0-0 . SSA 5,1 It USM - NASA 43 1125 M’0403087-A1O 21.717 USM - NASA 43030 12564-290346’ NNSOOMP33 79$3 33.103 USM - NASA 43cn1 LISM.0R31160,A.0 NNS9AAI3T 2,524 USM-NASA 43 USM4CSSC-3102507-45T USM-24ASA 43- GRO11>3-Al3 a67G 40,670 USM-NASA 43000 G003100-AI0- 66 66 12594-NASA 43-u USM-0003 Its (5001 (590) 12594-NASA 43 ,3 USM-MRCSSC’0420005 622) 12594 -NASA 43 oDO USM-MRCSSC.C9261--0i3T 6.161 6:61 12594-NASA 43 Tel 21SM’600C5S2.2142007.5&T b3.257 12561-NASA 41 5091 12Skl’SthoCS5C-2l5l 521 300,609 300,609 SM N A 70, 43’X41 L:SM.l,’.0125SC2: 5:, 97 317.323 3 1’ .3? 3 12564-NASA 43 2.20 12S0’-S€ - 168- State of Mississippi Institutions of Higher Learning Schedule of Expenditures of Federal Awards For the Year Ended June 30, 2009 Federal CFDA Pass-through Entity Total Federal Federal GranlowPass.ttirosaqh GrantorlProqran or Clatter Title Number Identifying Number Expenditures ASU DSlJ JSU MSU 100W MVSU UM UMMC USM Iii Board MCVS NSA NAS 47000 NO4LI]0AA000 3 ft 4 4 5 90.44 5 Crab- NASA 43000 MIM0OABI2C ‘‘434 1,434 Cm/i 43000 NNXO0CB3IP 9157 9,437 Urssersiis of Mississippi - National Acroisasisen arid Space Adirnssssraraas 40005 00-01-066 11.09 3 11.003 Ursversily of Missionippi - Naiioaa] Aerosiaslics roil Space Admasuratsan 43 WI 00-5446 l&000 10.001 Urirersury of Mssnssappi - Nanmial Aercriasiics oust Space Admanislrason 43 WI 09-09-023 0.280 0,200 UM - NASA 13 001 07-09-026 156 96 list - Aerospace Fatsenoon Sersices Program 13001 07-11-054 5,297 1,297 200707-0 Grorge Masor Unisersily - Aerospace Edocalior Serssccs Program 43001 14,474 34.474 Urns of MO - Aerospace Oducsrion Services Prograns 13001 Z634005 343,289 341,209 Ussisersoy of MS - Aerospace Edocairoo Services Program 13 Oh 00-10-041 11,697 3.691 I]ta4 -Aerospace Educoorna Services Progoun 43.001 08-01-00 3 1.609 3,609 Unisersaly of MS - Aerospace Educairor Services Program 43001 09-0] -044 9,066 9,066 Unistrsas of MS - Aerospace Edocasios Services Prograna 43.001 09-01-043 4.244 4.244 Usanersily of MS - Aerospace Educalior Sen’scei Prea2rsiri 43001 09-03-057 33,094 33.094 NNXO7AM3SA 545 345 Unisersaiy Of Mississippi - Aerospace Edscuisrn Services Psograna 43.001 University of Mississippi Aerospace Edacairnr Sai-oicco Program 43001 00-07411 /09-07-001 7,757 1,75 1 22.567 ijisiversisa of Msrnrsepps - Aerospace Educaiosr Services Program 43001 00-00-010 22,567 Unrsersiiy of Mississippi - EPSCOR 43.001 Of] 0040130011 2490Aft4NX07AM36A 6,607 6,601 Unsrersiiv of Mirnissappi - Mrssasaspjsi Space Guns 43001 NN0050272W0000012B6011 523GM 350 ISO Unroersoy of Srsilserr Mississippi - Esicirorinacrial ailS Prsicspsl Coo 43 WI USM-000343904NS00A3 lOT 62:760 62,760 USM-1 ecluaslolo irsnsfrr 43002 USM-In4RCSSC-12 6205450 039,579 039,579 USM-Toeleio]ogr Transfer 43.002 USM-MRCSSC-12 162005450 0,506 8,606 USM-Tec5sio3oy Transldr 43.002 USM-MRCSSC- 12162005450 111,556 383,556 USM-Teeferology Transfer 43.002 USM-MRCSSC-2 122001-SIT 241, 12 9 241,129 USM-Tecimoirgy Transfer 43.002 USM-MRCSSC-l 2162005-650 44,261 44,261 USM-Techoology transfer 43002 USM-MRCCSSC- I 2162005-650 34,199 34.599 USM-Teclasology boiler 43.002 USM-MRCSSC-12 162005-MD 137,134 137. 134 USM-tnclvso]ogri bmnskr 43002 USM-MRCSSC-I 2 16200545D 3T263 7,263 USM-rccloolog- transfer 43.002 USM-MRCSSC-2122007-5 II 193,921 193.92] 33,554 Unismisy of Snuihesi Mississippi - Iniepsairon of NASA Research Resources 43 sathossia Not S06AA608 33 .5 34 Urrrernaiy nfSnuslsernr Miossnsspps - Developriiess ofRapsd Proiolopsngcapabaliiy 43 sthoss NNSO6M3SIS 223,630 221,630 Universily of Sssliierrs Mississippi - Ervirmimenuil ailS Prsrcipnl 43 nskonssrs USM57003I4OAI9 253 .55 3 50 034 195i19 S60iaisl Pass-ahnosgh Progrussis 4,531.077 - 7,757 37,560 3,766.557 - 22,561 92,701 450,007 5&040 - - toinl Nossand Aeioraascn sod Space Adsainuacasiori 14,901,703 - 1,757 2] 1,049 7,130,102 - 22,567 976,120 605,590 5,948.419 Naisrnal Euidoasnienl for die Hssaosiiies Praririrors 05’ lie Nsooriilrcs Research 45161 50,305 0.3 05 Richard A Wsgls A Mini Woser 45362 474 474 Prnsiaoisrn of Hsnnairsises Prafessionol Deseirpareni 45163 77,957 77-9,7 Prosnotarn of she Hsrssuiises-0s6,al Ileinarsses Insansce 45169 34.470 34. 47 0 - SsbioM Direci Pragrorra 123,174 - 7T917 34.470 - 474 - 0,305 - - - 169- State of Mississippi Institutions of Higher Learning Schedule of Expenditures of Federal Awards For the Year Ended June 30, 2009 Federal CFDA Pass-through Entity Total Federal Federal Grantor/Pan-through GrantodProgrurna or ChasterT’dle Niarnber Identifying Number Expenditures ASU OSU JSU MSU MOM MYSU Uhf UMMC USM IHL Board MCVS Paso-through Poograur From Naironal Eindoonueni fur lire Aits - Big Rend 45024 67 67 To/ui National Endnonnrieoi for 71.917 the Huriruostica - - 113.241 34.470 540 - 10.305 National Science Fouurdaio,u Notional Science Fiouridotror 41000 47,730 41,730 Eogtnecnng Grunts 17011 1,460.113 32L670 165,627 I 16,554 256,054 Maltrcmaticol and Physical Scorceu 47049 3,272.130 l,175,705 050,056 600.445 1,139,923 Gconcicnccu 47050 696101 06,500 I 37.003 412,524 Cumpuier urd Infonnalion Science and Engrireerrug 47.010 029.414 t06M54 510,054 100,715 41,051 Cumpuier ord Infonnaluon Science and Eogineenng 47071 39,7 t 7 39,111 Biologicol Scicnceo 47074 1.050,603 17,056 759,911 96.015 54. 131 675,630 Sccjal, Ochoruorol, and Economic Scicrccu 47075 122300 21,232 12.205 19,003 Education and Humor Resources 47076 b,79& 500 3,051,620 2,72(701 29,402 290,706 604,059 Polar Programs 47070 99,004 40,151 50,227 lnicrnutrunul Scicuce and Engineering 41.019 64.110 21,069 42,110 Of/Ice of Cuber infrasluociure 47000 269. 766 t94M09 15,671 lrierdrscrplinaoy Nauoiosoeriv 47 oittonn 60.116 00,016 Subtotal Direci Progrono 5.616.739 5.297,750 5,1 1,662 139,1 II 0.470.002 154,111 3,438.077 Paoo4loruglr Program From Seocoant Sc - NSF 47.000 551-02007026 NEES Conunitiuro - NSF 47 1/10 RA-Singiotl-21/1i-tdSU 13,609 73,190 Univomily of Ht-Engoncemng Grmls 47/il Z761009 2,373 2373 Stale Univ of NY-Engineering Grant 47041 10504t3/410S0 20.002 20.002 BC San D000-Enornecnrg Gronln 41041 10213043 II 21 Orogenico Inc -Eogmconng Grants 47040 ItP-0749004 10,325 10,325 BuoSoC Semiconductors - Enginccrmg Grotto 47041 IIP-0539740 3 1.674 31,674 Jackson Slate Univerutry - Nutionol Science Foondaron 47000 NSF HRD4t602740 51.044 51,044 Utrin-eruilu of Atoskn - Notional Science Fooirdnlnrn 411/10 BA? 00-0005 29.265 29.265 University of Flonda - National Science Foondanion 47041 10090014 326 716 USM Reueaoch iroondatiot - Notionol Science Foundation 47041 1,032 3.012 USM Reocarch Foindanru - Notional Science Foondotor 47041 3,613 3,623 Virginia Polylecfrnic Imlil & Stale tJuinermily - Notronol Scietice Foundation 47/It CR-19139-471117 03,003 03,003 Cisc Wcnlem Retort-n Urirootnily - Noliooal Science Pourdmnor 47019 DMR-0423014 59,594 59 .5 94 Mioooorppi Store University - tiioiiiomalicnl and Physical Sciences 41049 060001362415 15.536 15,536 Georgia Imlitnie afleclnoology - Dmginn Cheimcol Invonioty 41049 NSF-CHEO7I9I t9IR099t-03 55.994 55.094 Ohio Store Univeinaty-Coiripuier and ]nifomoaiiceo Scrernce nod Engruermng 47070 745316 10.116 10,106 Cornell UiLivrt 5015 - Ccnnrponer and Information Science and Engincenog 41.010 360024301 (146) (146) Rcnmelaer-Coinpnicr md Infoumalion Science and Engineering 41070 All533 20,045 20,015 Unrvernit0 ofTX-Aootin - Biological Sciences 47074 UTAOO-271 02,056 12,056 - 170- ______ State of Mississippi Institutions of Higher Learning Schedule of Expenditures of Federal Awards For the Year Ended June 30, 2009 Fessetal CFDA Pans4firoogh Frilly Total Fecal Federal Grantsr]Fasslhrouglin CronlorlPregram or Cluster TiiIe Number Identifying Number Espendlures ASU OSU JSU MSU MUW M6SU WA UMMC USM IslE Doard MCVS Universit ol Southern Mississippi - [nvirrririneolal Sircas-NSF!EVS 47074 NSF AWARD [PS OiSb]00/0002619 076 076 Mississippi Stain Uninernii9 - Esalsulsun arid Aancnamcol 47075 440900.362127-OIAIPS-0556000 2.572 2,572 Missisaippi Stale Universal’ Education ansi Outreach 47076 4469m-3624271120EPS’0556300 50,750 50,750 Mississippi Stale Universit’ - Enhancvrieni 47.076 4409%362427-O1JEPS’0556300 74,544 74544 Mausissippi Stale Unisetsay - Bassystem Sitealattots and MsideIm6 47076 4 409t07-562417-O2JEPSN5S6001 66,104 66, t 04 Mississippi State Utiiverstiy - Citetputatiunal Biology 47.076 4409t02-562427-O2JEPS-0556300 102.15,0 101,160 Mississippi Stale Unineruten - Compeintiunal C6einastr 47.076 4IOJtXJ-162477-O2JEPS-0556300 77,165 I 13.265 117,250 Untnetsaiy of MS - Edacatiora and Hwnar Resources 47,076 05-10030 It 7,2 50 500,] 44 Misuisnappi Stole Utuversity - Nanceal Science Fuardatton 47076 440900-361427-0] 506.144 MSU NSF 47076 El’s 0956300 317,902 317,902 U SM /NSF Ia FRI 47076 C RO 170 I-A 0 110,145 100,145 141,751 Misatsasp]at Slate Univninits - Edacasse and Human Resources 47076 44 0 9% 36 24 27 04 41.752 NeLson Slab UoinussenA4MiPJ Educaiton and Human Reieuteet 47076 H109l53747 90994 96954 Education and Humus Rnuaasccs 47076 SUB Na R7-04-660 510.57] 510,571 Csviltae RestOre FdN tntcmatsiial Science and Engutnenro 47079 UKE1-2050-0.V-07 0,620 8.62 3 0,943 0,943 Nonli Carolina A&T Uniceinsti - BPC-A Csllnboroiirc Research 47070 CN50540577/160061 I NoisE Caislita A&1’ Unicesi’sin- 13?C-A Coliaboiaiis’r Research 47070 CN50540577!2s0064 I 5.36] 15,301 t1723 19,713 Univortst of Sesuthrm Mtesisiippa - EPSCOR Seed Otsot 47001 MCBC USM NSF FPSCOR SEED 22,610 22,610 Unsurusty afSanthnm Mtusiauippt - EPSUOR Seed Oust lit 47018 NSF AWAIOD EPSI)556900 Subscea] Pasa-00ssagh Prugatne 2002.150 518671 56,904 562,911 390507 - . 498,047 156.209 6w_ta I ‘ - Icru Na-,sl Sc.us rcsjndaFOr 110,171 66.694 5,860661 5504,169 - 39117 I,96049 111.423 4,091,900 . - LS Saul Buarsau Aainrstton &tiujl dcs,rcso A±nt’ors:.or 022.421 403,505 190.91’ Tecteal Asassance 59%7 23.172 209.172 . ‘ - . - Su:cii Dre-c: Pre;ris 011.544 - 403.505 - - - 4099 Pass-Dorset Proguntn From Uoiumasty nftoinviaswpa - Small Business Denelopenent Eerier 59037 9-7620-0925-It 104,431 164438 - - Tz.t S Sciul Octuteso A.0mr’suat • 64,438 - 403,505 - - - . 900.039 Ttcsessee stalks Aurunt’ lmr,ence VushsAa4Ev 5-595 U S Vnneeii &t,case mt 4,69 I VA - Acale Phatrracutherapn at Lale Life MStILJ 506D00930 4,65 I Ensinamttental Peticcisen ACr]5, Reganeal \O’etland Prsrgntit Demlepeteot lorIs 66461 106,100 136.100 GullofMcstco ?nugnnrs 66475 II 1,762 121,762 Setence To Aehiene Rcaulsa ISTAR] ResonatE Program 66504 13 0.574 130,574 171 - State of Mississippi Institutions of Higher Learning Schedule of Expenditures of Federal Awards For the Year Ended June 30, 2009 Federal CFDA Pans-through Enity Total Federal Federal GrantonlPasshreugh GrartoriProgram or CisonterTitle Number Idetlifinng Number Expemdtuieo ASU DSU JSU M$U MUW MVSU UM UMMC USM lOlL Board MCVS DiSco of Research mid Developmeni Coosolidaaod 66511 95.385 95 .385 Science is Achieve Retails (STAR) Fcllosiohip Progoam (SI 66534 36,478 36 .478 Eavatomocrol brace 66 ceistoiso 10.528 8.528 Sobiom] Direct Poograim 88,528 - 546,987 406,617 - - - 121,762 ‘ Paon-ilooogh Program From Trim Tech - hioviroarneolol Proittror Agcnq 66000 07030307 6,068 6,068 EcoAjna5. LLC - US Easooneniol l’rorociaco Agcrcr 66000 4.257 4.151 MS £pai1rorcol of Bovironroctilal Qiaohry - US Encaronroonial Piolocuno Agency 66000 MDEQ403-ID-OIUSM 63,808 63 .808 Team loch - US fonroonarniol Pisolecoon Agency 66 006 045200 34.258 34.258 MS Deparoreol of Eoviromowolal OaaoIOy - U S Ennoonoicool Preiodnon Agency 66060 66-0(03 IUSMIOCRL’O 14 (3.289) (3,289) Torso A & 68 - U S Eovooomeoral Prolcclaon Ageocv 66000 SO 800 8 3 8,003 8.063 MS Depoaliocol of Eovaooooacoml Qnality - U S Environmental Proaocooo Agoircy 66119 MOEQ-02-ID-000I USM (850) (850) MD L41 of AG IEI°A 66139 MDA-1764C- FY07 14,102 14,102 MDEQ 66460 EPA AC0994866’06-0 5.72 S 5,726 FL Dept oiEovsroroncrral Proiecnoo - U S Envarootosoral Pmiecoma Ageocy 66460 WM891 (2,315) (2,375) FL Deplof Eonnronnrcnlal Protectaso - U S Environmental Protocnon Agoocy 66.460 WM949 9.430 5.43 0 MS Doparioncna of Eonrooorenaal Qooltiv - US Envootorentol Pmaccnion Agoncy 66472 88-8 IUSMJGCRL ‘03 11,638 I 1,638 MS Depaacotof Eovoonnmntol Qoaltoy - US Ernmaanzniol Protection Agency 66472 09-OIUSI.OOCRL-08 122,897 122,897 MS Depatneni of Eocitominonlal Qooloy US Eonoonnrcotol Prolccinoo Agency 66471 09-OIUSWGCRL-09 6,547 6.54 7 Ilnivetnily cfSonth Florida - U S. Envaroinnonlol Proaocitoo Agency 66475 1209-1071-00-B 54,434 54,434 SELA 66641 X-83262201-I 17,968 17,968 Sobnoul Paso-throagh Prograoo 354,022 6,868 - - 37.796 - 310.158 Total Enntroancnlsl Promocoso Agency - 903.529 . I 8.528 41 2,685 - - 37,7% - 432 520 US DcpornmcoiefEoery Untsnrsity-Loboratory Coopetoinne Progomn 81004 3,404,873 3.404,873 Inventions and lostovaoooo 81.036 Basic Eootgy Sciences Uonnmnn,tn sod Scicoce Edocanroo 81049 843.526 783,976 59,550 Uoinvrsrly Coal Rematch 81857 80.622 75,156 14,466 Regional Biomano Erergy Pvogaams 81079 5,492,953 5,492,951 Conncnnitoo Rcncorch sod Dccoloonn000t 81.016 296,337 296,337 Reoctoobic Eocn’ Rooeooch sod Development 81087 3,570,880 236,773 1,903.461 830,646 Foand Eneigy Research nod Dennlopnncnt 83.089 1,148.567 219,250 029,317 Defense Rodent Noopto]iacratnoo Reonnarcln 8 1.113 356.173 356,173 Misccllaoeooo Federal Acamonoos 81. 501 620,119 620,319 WE- Daagoeoac Cardiac Cntlnetertzattoo 81 ordoonunt 339,447 39,447 Oak Ridge Nalero) Lab Secantic Poegrarr SI nnknooim I 59,576 I 59,576 HERE Program SI ooicnotso 20,791 20,791 Sobioral - Direct Poogoonis 14.142.862 - 417,140 Il,3%,l23 . - 1,003,333 39.447 1,386.819 172 - State of Mississippi Institutions of Higher Learning Schedule of Expenditures of Federal Awards For the Year Ended June 30, 2009 Federal CFDA Pass-through Entity Total Federal Federal GrantorlPass-throogh GrantoriProgram or Cluster The Number Identifying Number Expenditures ASU OSU JSU MSU MUW MVSU mdl UMMC USM IlliBoard MCVS Poss’throorglo Program Frtxr MDA - US Dept ofEsergv 01800 GTI41-014-0024s1SU 59.432 59:432 Saretu Notoanal Lab - US Dept of Lretgv 81000 798196 30.809 I 30.009 UT lobelIa - US Dept ofEnerg5 81.000 79330 10.955 20.955 UT-Batte]le - US Dept efEeergi’ 81000 4010054701 8079.224 1,878,224 UT-Butleile - US Dept of Energy 01 000 4055437 393,134 353,134 UT-HntlelIn - US Dept 0f Energy’ 01 000 4000055442 III : I 121,001 [IT-Batiellr - US DepI ofEniergy 81.000 40620095446 82,840 112.040 UT-Batielle - US Depi siEnergy 811200 4000055448 173,093 73.893 UT-Baitelle - US Dept of Energy 88000 4000055492 401 101 UT-Bandit - US Deptof Energy 88.080 1000055453 28.380 2],380 U l’-Boee]le US Dept of Erergy 88080 4000055457 340.42] 340.418 UT-laitel]e - US Dept of Eserfy 81000 1800057960 40,783 40.783 UT-BaOrlIe - US Dept ofEnergy 11000 4009o06-1719 988.312 588.312 Ul-Baitelle ‘US Dept ofEnery 0] l 4000065554 583,827 583,827 UT-Insole ‘US Dept ofEnergy 81000 400006563] 947,485 947.485 UT-lattelle -US DeplofEnergy 81.000 4000075837 221,430 228,430 UT-Bntielle ‘US DepiofEnergv 88008 4000075067 59,377 59.377 UT-Ioaoelle - US Dept oiErcrgs 81.000 4G00077960 49,918 45,988 Y]2 Natoosul Seennlv p’US Deparuneto ofEsengo 81.960 4300068639 410.716 410,716 II Narooni Socgrtly Conoplex U S. Depnrftsesi of Energy 08.000 4380096864 338,564 331,534 Laos DDE NNSA 88.800 DE’ACS2-120NA15396 23,872 23,872 .°Jb’oree 88000 W-3 I-109-ENO-38 5 5 Freon Lab PD DOE 81.049 DE-F001-91ER40622 4.954 4,954 leans A & NI - US Dopeuneon efEsergy 81.049 57050) 15.323 15,323 University oftatnnonntppi . stisnonnippi Bouaos Usloonom 81049 DEFG3505G085962th708001 7,883 7,013 Miunenuppi Terlmolag3 Alliance - US Depanlinent olEneogy 01079 MTA-SBI-1806 14,561 14,561 GEFA ‘ Regional Boomons Energy Pnoorsmn 81079 SP02007- 804 88,802 81,802 South Dakota Untveontiy - Reposal Bnooaan Energy Programs 81079 U 3TF153 21,982 21,982 South Dakota Unistostro - Reposal Bnonnnsn Energy Programs 81079 U 3TA148 50.863 58,863 Sooth Dakota Uninernity - Regnosul liemasn Energy Programs 81.879 U i’TB148 13,307 16,337 NITA - Regional Bosnians Energy Pstgranns 11079 MTA-SB1- 1009 (509) (589) MIA- Regional BiwrasoEserg Programs 88079 MTA-SIl-I0ll 41,162 41,182 University olMo - Renrnnablr Eneeogy Reseuth nod Deonlopsieni 81007 07-08-002 4.312 4,342 1]}ol - Renewable Energy Reaeaoch and Deselopsieni 81007 07-08-002 (156) )156) Unisesnony e[Tennnesaee-Kno,uville ‘US Depannienn ofEnergy 81887 DRS4W-801.0I 83,121 83,121 leans A & 64 ‘US Depnrnneni of Energy 11.019 09-007 9,721 9,728 Urneony oilman ni Asmin - Prone) kresge Reneareh nod Deuelopsneni 81089 UTAO8-395 84,133 84,333 UM ‘ Feuil Energy Reoearch and Development 81.009 09-084116 45,400 45,406 SSE8- Fossil Energy’ Reneareh and Deseloponeni 81019 SECA.R82’998-17-MSUDIAL-21015’00 99,889 99,019 UTA - DOE 81009 UTAOI-270 51,402 58,402 Howard Useseroily ‘ Bnonitookeo 81.04 613154.192513 1,694 1:694 -173- State of Mississippi Institutions of Higher Learning Schedule of Expenditures of Federal Awards For the Year Ended June 30, 2009 federal CFDA Pass-through EntOy TaI Federal Federal GrantodPass-Ihrough Grander/Program or Cluster Title Number Identibing Number Expenditures ASU DSU JSU MSU MUW MYSU UM UMMC USM HI Board MCVS lff-Baeet]e LLC - Soetlieaet Regrera] Research BlOW 4W8465089/420126 941 806 942,806 Aleorn Slate Uniseisily - hoegialed Sensor System II OW 4009956452 3.8 57 3.85 7 UWYT 5-12. LLC - NCBC Operasons II .000 DEACOSWOR12800/43C4t0584 II 310102 310,162 LPT-Baitolle. IC - Seppori-Novel Airion Recepior II OW 4W007571816400(0806l 1,884 1,800 UT-Bairnlte, LLC - Ensemble Modeling Syoern 81.800 428ia2R226I4l7S805 20,768 20,768 UT-Baitelle, LLC - leeemnsc Levee Ssergtltening SlOW 4209900116/40G60Th868 43,880 43,880 UT-Baltelte. LLC - DcwlepeteeimiPmroigre Tc4ilse 4060079874 Ito 110 SuInond Paso-ileongla Programs 7.62 7,820 1,332,890 5349,722 - - 00,233 . 064.976 ThialiJS DeparmteuiofEucrgy 2 1.770.681 1.750.030 t6745,845 - - 1,083.566 139447 2.051.795 US Departnacei ml Fahacaaaen Sancegtheeang rite Moalei Degree 8403! 8.142 8,141 Fend for rho Impioveaneel ofEoslaccondur) Edaeaaree 84116 375.5 39 202,092 90,452 82.995 Rehabalrlaimar LonB-Terrr Tiaeaeg 84 129 81.512 82,512 Nasosal Iuasriaae on Dimbalaly arid Rehabalaulaon 84)33 78,717 78.713 Dasabt [try Rehnbalimooo Research Prejeein 84 133A 260,327 260,327 Graduate Anirniaeee in Aims ci Naironat Need 84 200A 152.835 152,835 U S Dept of Edncenora]Evpaudtng Appropmnae Asiensrneeifleuirrmnen 84 215 575.384 218,578 103,975 252,831 Mailierinates and Seteece Spects] Edaeoimn 84324K 80,528 80j20 Special Reearon — Tecitmeat Austimece ma Stare Data Colleclren 04373 327,2t4 327,214 Celia ken Wrrnug Piojccl 84928 238.033 72,212 165,82] Sabimial Domed Programs 1,179,219 290,790 2)0,234 829,286 194,427 165,821 82,995 - 405,666 rant-though Progroati From UrimemityelGA-US Degi aflniitcartou 84 000 RH769’003i092077 3,061 3,061 AR DIIHS’ US Dept efEdiacatior O4 4500768146 6.347 6,347 Al. Dept Rehab US Depi of Fdueaaieu 84 OW AE888764S03 12,630 12.630 Virginia Dept efLahar - US Dept nffdecartoe 84 OW A08-170 5,501 5,501 NI Cmeen ho Blind - US Dept ofEdecalrmu 84000 9040118 12,013 l2,0t3 Cernernrewmlth eFVA - US Depi efEditconon 84000 09.223 2,735 2,735 ARDIIS-USDepvofEdiaeauon 84 AR DHS 4500880500 7.564 7,564 AL Lkgi Rahab - US Dept efEuiacanen 84000 C90870W5 7,740 7,740 MS HI - uglier Ealneottor larolitanenat Aid 8403] P03lA080tO1 29,361 29,361 Corviajroealth of MA -Rebabtlrranen Snrrvcei Independent Livoig Services gui 84177 CMC310W4123059 14,402 14,402 Texas Tech Unimematy - Rebabt[riataoe Senuvem Irniepeedeni Lining Servceen fee 84177 l30418l09-Ol (2) (2) Coirneonrocalili of VA - Rehabititalten Senicem ledependein Lietmg Senicen For 84177 Cenenseu[th of VA 07-305 Sanang 35t 35] UT DrrefSetv let the Rind - Rehabililtrlror Semcm Independent Lining Senrees for 84177 UT DirefServ for lIe Blind 7,825 7,825 GA Dept efLabor- Rehabdilalree Senvees Iedependeei Lrrsng Senicei far 84171 72)00-706-08 10,381 10,381 MO Relish Seivicen for Blind- Rebabuleatson Serntees Indepeudeiri Lrving Seevicen for 84177 550t210 3,895 3,095 GA DegiofLaSar- Relanbiltaanen Services Indeperdeni Using Senicea for 84.177 72100-706-69 8,133 8,133 Petal Schiorl Dimmer -US Degnmnneni offalacalton 84 213 3,4 77 0.4 77 Naiaannl Coencil on Ecuttetmc Educairoir - U S Degarinni of Edocauon 84215 lS-07’087l3 6,57] 6,531 Nausea! cetsacil en Ecerrumme bincalten - U S. Deparnert eflalaealieu 84215 ff0700712 3,280 3,288 - 174 - State of Mississippi Institutions of Higher Learning Schedule of Expenditures of Federal Awards For the Year Ended June 30, 2009 Federal CFDA Pass-through Easily Tola? Federal Federal Grantorlrasslbraagh GranloilProgiam or Cleaner Title Nosershor ldenliing Number Ecpendhaeon ASU OSU JSU MSU 88100 MVSU UM UMMC USIA IHL 9oand MCVS MS l)epsrnncsi olRchstolsbiosr - Project START 64.224 (07495.331510091-250 43,907 43,987 lisardeflrcsieeoolll5, - US Dspznnnaoni sikdacauoa 84331 2099450 37,147 37,147 CES - hISOIl 64369 MA 779 779 MDE-US IXJE 04366 0 73 2 0 IEAOSB 0264 64 (142 5 357981 197,981 1-IDE-US DriED 84366 53668060925 259471 209,471 MS lilt’ 61(0 Math? Lssaaes lout ForTanchiers 84.367 S 36 795 0 7002 IA 96.125 8%, 125 MS Department of Fdceaaan -lIes Couaiuiy Community Lc sag Ceo 84.325 (‘LU? 6308 328236 328236 Ur]iroFlv niScuth Honda - Last’s Research 84326 0l326MO2 2,266 2266 Sayssral Pans-through Psogiarsa ].321226 ‘ 225,466 374,400 032,577 - - 568,230 - 50,443 lolal US l26paisoae of Caucasian 3.5609,445 - 516,276 994,722 931,863 19{427 165,821 658,226 - 456.109 US IkpaitrertofHnalthasd liaison Sensices Public Health Senate 93 119,100 33,336 85,884 feasbilsia Study s[Ouiozpathsc 936809 4.098 4,090 (‘boric Diuea,es Research, Cnrissl, and Prevention 93968 14,120 24,120 heel and Dreg Adanensoanon Research 93103 1,551,192 1,551,192 Eavsnmnensal Health 93 113 708,452 481,100 221212 Usoireun and Rink Eosn,ansr Ilealds Radii (mm 93 115 201,555 281,555 (3rd Diseases and Doordain Research 93 121 390,149 390,149 Ceaunaniss Programs to tsnprnse Msnnra lanlth 93 137 113.439 113431 Research Related to Deafroen and Comsocuscatson Dnanrdea 93 173 529,651 529,651 lsranaansaaooa Research, Demornunn’aarn, Public lnfornrsauon nod rdseaoca Trammg and Clsnscd 56db lanpiosersert Projecsu 93 805 8,333 1,333 Rcaeascb and Trasnsug Sn Coirplenserlary nod Aliensainve Mcsiscsne 93213 125,744 120,744 Research on ]eaidscsne Count Quday and laatcnnres 93.226 19,667 9,367 [flJCUBIT4C 93241 183.163 183,153 Mental Health Research Gruola 93 242 897,892 7,304 945,364 45,224 caposora] Safely and Hdth Fbnoruns 93262 31.336 31,336 Alcohol Research Programs 93273 619.484 61,201 61.349 406,628 96(910 Drug Abaoe and Addscusn Research Programs 93279 2,410,013 83,956 1,875,948 459,109 Warner is ljssrsenoie Violence Shelien 93202 10,904 18,004 (‘cistern (or Dineaae Cannel and Preeorrson lovcoigotsonn and Technical Aaotaann.e 93203 1,518,119 2,036 1,515,963 Usasoena and AppIan] Reaeacch far Technolnoscal lncasaaeanu Is Improoc Koran Health 99206 41,129 48,829 Masseurs- HealTh and Health Dipnncy Reseanch 93 397 786M7 332,993 453,654 NsonayRmearch 93.361 1,654 1,654 Nanoral (‘eater for Research Resoorces 93.389 9,078,641 1,666,821 571,329 9,946,703 2,681,493 2,391,223 Acadenoc Research Enhancerneri Aural 93.399 (692) (6928 Cancer Caine and Pncamaion Reuearch 93 393 155.501 255,101 Cancer Deaecrrsn and Dsa8noaso Research 93.394 44,790 44,790 Canons Trcaisncrsn Reneancli 93.395 275,373 17,670 92,770 164.602 246 (‘asian Onslogy Reneanch 93.396 133,637 107,637 Reisgee sad hnsaaal Asss eWilsoislFah lkogiann 93 583 691 608 Trano’NIH Recover’ Act Research Seppofi 93700 7,247 112 7,835 175- State of Mississippi Institutions of Higher Learning Schedule of Expenditures of Federal Awards For the Year Ended June 30, 2009 Federal CFOA Paaslhrmugh Emily Total Federal Federal GrantmrlPass4hrough GraroriPrograrrs or Cluster TIle Number Identifl4mg Number Empenditurras ASU DSIJ JSU MSU Ml.ffi MVSU UM UMMC USM IHI Board MCVS Centers for Medicare and Medicaid Ses-scus ICMSO Research. Derrnursusiuna and Evalaalior 93779 260.456 260,456 Cell Brologn and Biophysics Research 93121 126,806 526.066 Hem arid Vascular Diseases Research 93837 7.316,285 7.255.286 30.999 Blood Diseases and Rouoarces Research 93879 127.713 91,091 35.822 Anloiar. Maiculoskelnul and Skin Drsearco Research 93 646 48 ,7 3 4 10 .7 3 4 Erersamnral Research Psogoarno sri the Nceroacierrceu arid Ncorulvgrcal Disorders 93.153 339,746 84. 774 66.703 180,109 Ailergy, Ironirarology and Tnansplrsrtahiur Research 93855 290.938 7h.lSl 53,907 60,960 Microbiology end Irlsersoos Dineares Research 93.156 421,266 309,502 151,754 Pharmacology, Physiology-k Brologrcal Chenaisirv Research 93859 5,930,314 132,046 860,062 112,168 697.905 52873 Child Health and Human Develaprucro EriCamara] Research 93865 171.905 102,272 29,664 39,969 Aging Research 93866 88,040 38,044 4 9,996 Vsason Research 93.867 495,919 97,003 390,836 Health Care aid Cteher Facilities 93 .887 527.930 104,038 136.987 106.953 Specially Seleched Healrh Prajrcra 93 .888 360,630 195,565 165.065 Rural Health Care Services Outreach aid Rural Health Nerruor6 Develepareai Paognau 93912 595.756 595,756 WV Pre’errior Acrinraico - Nor Gosemuacerul (Orgaorzahoe Based 93939 340.885 340,085 Epcdsrmolog Reaearch Snadrer ofAIDS and HIV lafeerros so Solsered Popaluirro Grasps 93943 756.481 756,400 larerrarioral Research and Research Training 93989 12.441 12,445 Atherosclerosis Raak an Carurounaires - /J6IC 93 srbsaorr NOIHC5S82I 905.035 909.035 Pediatric Hydoosearen Phase Ill Clinical Trial Snpplcrnicrh 93.nalmorssr NOIHIOI7I5B 256,792 256,791 Jackson HeaD Slad3 93uslcrnoms NOIHC9SI7I 7,995.7 30 4,362,698 3,633,072 Narrorul lunhaare afHealth - Narreeral Children’s Shady 93 solatoora l5HSN26728873 421 .110 421,120 Subtend Circus Progranro 13,906069 32.046 - 0.914.549 2.244.710 - 153,131 905362 10,766,650 4.122,075 - - Paar’rlvoagh Pregnant From Uoiveruiry of MD- Cops of IsesIrIr and Hnnrur Sers rue 931010 02-4-38719 20,724 20.724 MDHS - Cops of Health aed Human Sersicee 93 917Q7492A 342,977 342,977 Miaoraargri Ileparrsuenr olMestul Health - U.S Depossrsonr oflicolth and Hursuo Services 93060 55,539 11,93 9 Odd & Qaulriy Hesltheare 93. HHSM-Sthl-2905’MS90IC 583,966 583,956 93900 N/A (54) (54) Nill - Roiruirrursl Aooecsase Research Dereloprnerr 93.860 33,928 33,920 Jackare Hinds Ormpncherssrse Health Custer - JSU Applied Psychology 93031 2,350 2,350 Morehoese School ofMedrcire - RCC for Ilarsteare Response 93.034 US2MP0206 1034 3,086 EcoArray, LLC - US Dupurosesi ofHealth and Harass Sersicer 93553 13637 55,316 55,316 Unloersiry of Mismesora - Oral Diseases and Draordess Reoeacch 93525 15166514104 85,5 13 81,513 Meharry Medical Cellege - Coesnrarrsy’Baaed lnnervenaaor 93136 10 0111PDJ 0 5 6 S 145,844 546.844 Univ. of hlrasrnsuppr Medical Ccurcr - hIS Inininare fur hraprovesscnl 93137 CPIIIJ°06981842/6822 366,179 366, 179 Univ of hliasruippi Medical Coasts - Addeeseug Drahesrry is Rroul Miss 93137 CPlhdPO6lOl843 66E13 20.206 20,206 Unsvurnrry afMiaorusppr Medical Coasnr - U S liopasuraevs of Health arid llorrerr Services 93137 66813 860495 100,191 CPlNflhO6If58.91 University oiMssaiurppr Medicos Corner - US [Jepar’nrrrcss nfHeolrh arid Hurries Services 93137 29,647 29.647 UMiAC -Corurrorrry Progosnu to Improve Muaonay Health Gtau Program 93137 65801 70,005 78,065 UhuPIC - Coorosmarry Psograrsrs so lerspoove Minorray Health Gears Program 93. 53 7 66083 166,319 166.319 WNC - CerrananisyPrugusns so Improve Mirerrry Health Grass Pregnant 93537 66851 4,336 1,336 Un,OdC - Cermnenasy Programs 1° bsiprosu Mrrresay Heolrlr Grsos Program 93)37 66003 6,693 6,693 - 176- State of Mississippi Institutions of Higher Learning Schedule of Expenditures of Federal Awards For the Year Ended June 30, 2009 Fedenal CFDA Pasnhrougln Enlity Total Federal federal GraatontPass-tlnrough Giantot/Prognam on Cluster Title Number dentE4tng Nuanben Expenditures ASU OSU JSU MSU MIM MVSU GM UMMC USM HI Board MCVS (:oonrioiiiy Piograsra iii Iniprove Ntiitorsiv Health Crsni Pregraan 93137 Sub Anard 168l 3-02 82,352 82.352 Washington Uniressisi -Research Related to Deafness and Cornrunnicanan Disorders 9373 \49J0689 53,466 53166 Attic Acad of Pedsaincn-Diuabslslico P citation 93184 Attic Acad of Poiiairscs 32,211 31.212 Delis Health Allinarce - US Deparsneni otHealib and Human Scrarcea 93189 336.926 338926 Rutgers] NIH 932 3 I 1621 A101i2076-0 I 5,295 5,295 Georgctooai-NIH 93213 5 R21 AT50261 -01 (1.873) (7.873) NY Botany Garden-NIH 93213 1621 AT661889 9.822 9,812 University Massnelinseta - Reussarlr Training in Conr1ilensearat Aliernanee Medicine 93213 6683934 (372) (372) Delia Health Alliance - Reaeorch en Health Care Conic Qudity and Outcomes 93226 R18H5017233 7.550 7.550 Miuntoippi Slate Depailnietsi sfHeulth - Grunts for Denial Public Health Residency Training 93236 2lDHO 6,754 6.754 Delia Health Alliance - Slate Renal Hospital Fleisbilitv Program 93241 Pregranr 16 8,550 8,550 Delis Health Alliance - State Rural Honpilal Flexibility Pnegram 93241 Pregranr IS 54 54 Delia Health Alliance - Siate Retnl Henpiial Fleasbilily Pragraar 93241 Prngrinr 12 l. Delta Hedlh Alliance - Slate Ruol Hospital Flearbilily Prograar 9324) Program 12 95 195 Dcltt Health Allisnce - Slate Rural Hospital Ptesibilily Praginre 93.241 OHA Prr1eet 35 238.265 238,265 Yale Urrivnnniy - Menial Health Research Gratis 93742 A116266 42,942 42.742 Duke Unineonry - Mental Hedih Renesoch Graain 03242 P5)2 160466045l-6lA2 214.372 2)4,372 Duke Unineoiiy - Mental I lealih Research Grariin 93242 133984 189,199 109,199 Missiunippi LRpaitnreni efMeniel health - Sebnnrce Abase and Mental Health Scrvicen 93243 DIG3b8F4 21615 27.045 MS Depurunenit ofHealiir - MS Uadcrige Dnnnktng Coalition 93243 7A60-METRO-SPF-SlU-158 48,154 48.154 Marehaese School oiMedeine - Mental Health Mini-Grant Ri’A 93243 SAM3SAG1-020447 3,235 3.235 6W )2WRF - ftceperaeal Sanity aad lleiulthr Pregrani 93262 3049922668-88-389 12297 12,297 Tnijnlcen HAS CDC 93262 T420tt668436 12,418 12,418 Unircreay siNera York BallSlr - Alce4irl Rereanch Progruana 93.273 16751661 17.351 17351 Uninerniny at’Ncsr York Bidlale - Alcedinl Renenrdr Prognanno 93273 R01AA016564 18,193 18,193 Aceeia Drieaeety - Drag Abase tad Addesem Research Progratri 93279 R41DA023291 55j94 55,194 Oreger Research lrsistnie- Dmg Abuse and Addiction Research Pragromr 93279 DA017972 2,473 2,473 lint-unity ofienas San Aiaonio -Ding Abase and Addsctioa Research Program 93279 115954/t15375 136,856 136,056 SECEBT Emory Uninertiru - Cerrernfor Disease Cannot and Prerenden lnrcantgaeests 93283 SECEBT Enrory Uotverntry 08090763 9.957 19,957 Delia Cooncil - Delta Health Intriatire 93,283 H7SfCCH424115-4l2-2 1,541,616 1.544,6)6 U2dCC - lojary Prenemition Pregranr for American Indians and Alaakaa Nattnen-Cco 93284 65809-416 53,729 53,729 Untreinury rfWA (MI-I 93286 2 ROl EB350-01A2 57.904 57,99n Toegutno College - U S Depamnent of Health and Hanrani Seraicea 93307 8,999 8,999 Univertiry Michigan - Maoniy Health and Health Disparities Rmearehi 93307 P66la42145 66,161 66,tôt Jackasn StatcUnirrisuin -Minenly Healthaad HeahthDiapanttenReneaath 93307 P20ML3fl1534 65,131 65.131 Toegaleo - Minority Health aid Health Danpanivon Research 93307 P202725 19,875 19,875 Unarermty otMichigan - Mschicar Cctaer(CIAJID) 93307 P60M1U122490l 9,623 9,623 Unsneraay ogMichigan - CIAJID (Inlegraltre Appmncho 93307 P60M224902 39,927 59,927 University rfMsehtgan - US DeparerentoiHoalib aid Haitiei Services 93375 DE014261 14.319 14,319 P0WGNNIII 93.389 5P2ORROIM7&-08 3,999 3359 FAMU (NIH 93.389 GIl 824663(2) 1,918 1,910 gISM - NIth 93389 NDT-RR-03-668 73,102 73,402 Unte-ersity ofSoadiem Mtaniieppt - Naaattal Centenfar Research Renosocet 93389 P20161616176 79,225 79,225 -177- State of Mississippi Institutions of Higher Learning Schedule of Expenditures of Federal Awards For the Year Ended June 30, 2009 Federal Cf DA Pass-dnroe4n Em5 Toeai Fe&sal Fe&ral Gmitn9.ss4[wou4n Gnr8oPPagrarn Dl Cluster flit weri*gI&nber Expem&ares ASiJ DSU JSU 11W MOM MVSU UN 1111C US$1 IlL Baard MCS USM - Omejeb banzacs,;icsc 93389 11514 -CR03 28 2-024 185.681 Cain R )ras Cnr,tai’-RCI1l 93359 5P1c:R 1194511 195732 ciA ScraceLa3 d,ca Ocncgth EvceIba,- 8ICSA Onri 93309 USM-CRII2R-044 38.346 138.546 ,tA Sc]ass,koiiOu,xdoi Rcoearc7 Caceltree Cce.ciacn:r Yoao 93359 5?iCRR!47b-09 127,909 17.909 Oregon Research maroon - Cancer Cause and Prenenuon Research 93393 CA I 074 42 82,911 62,911 Uwn:rsrrt offeucovlnrn,a ‘Cmx, Trran,er.5 Research 93395 901755 SOn 4 5,374 U’ck’dx Orrcosy Grn. - Car,cei f,eaur,cos Ronoic, 93395 S?2’4t-1 8.813 118.813 !nolan (ticxnd Caxer 3 x,idaosoi - Cix, Trejorer: Rcuc,u[ 93 .3 95 load 5.579 Gsnanx-k3e eoogy Giro - C.mr, Trrecncc, Resnoch 93393 CA47IS3 40125 40,023 \aue& ,t.xdCaxcfot.,tho -Ca, :rejrcexRonczct 93395 975-lC. 9 l3LS36 199,636 L:r,n, cfloxes KSC - Career T:rnxcl Reneanch 93335 MCN3h II 23.252 SnpjRaba.Srn’CxeerT,eaic,ecaReueaou 7300 U5A :35079 5.207 5:087 Fksuc ftaru.niaa - Corner Trojan Reserco 93 355 R 94 CA 126 1 3 6 8683 0.683 Si lode- NIH 93395 I Of I CAIOS77SMIA] 58,181 58,181 Toha Un,norao’ / NIH 93395 7 9(21 CA]23259’02 Umnerony of Alabama a] 8,ruongdsnrr - U S L’rpailraert ci Health and I4uroar Soroicon 93399 5UOICA]14bl9-04 148,597 148,597 Ununernaly of Aiabaon ‘I l3iro,,rha,a, - L’S Dçanurent of] lcnlth and llornar Sonnet, 93399 5U]al CAI]4hl9’OS 31.542 31,542 Unjstro,tn of Alabama a, B,,m,nglian, US lkpanntnr of Health and Hajannan Services 933/9 27 27 Soaths.oul Onrca]ogy Urea9 - Corer, (‘mar01 93399 1102606CM 67,383 63.383 RC Research Foondalroo - Cancer Conan] 93399 PCFT9328 385 583 MS Deparanwal of Hcalih - MS Prro]aao Circe, Projeel Phase II 93399 2,702 1.702 Teuaa A & ad US Dopam000I ufllcalth aad Harnan Sonsrceo 93556 WIDe 97 2,652 1.952 OS4DHS Child Cane and Development Block G,aari 93.573 527Q74?] 39,683 39.583 9IDHS -Child Cane and Dcvnloprronr B]ockGrao, 93. 375 5!707414A 152,292 52,191 Uora-o,n,]y ofCoalorado -I)ops of Health of Hanran Service 93606 U aavrrsdy of Colorado ([4.073) (14,077) Uriv. olCO -l lead Slam 93659 FY08 078.883 47 ,895 47,095 Co,, ofCO-HeadS]asl 93659 F 109 4 44 Of 3 11.506 11,566 Charles R 1)05, Ua,vc,nily - RCMI Tnns]arnooal Research 93701 206f-2001KWISYI7RNW-JSU 1,476,706 476,006 I.O4Cr&CH/N03 93729 7001 0Afl720444 18,68] 18,601 Nerso,tI be 93.779 N/A (438) (439) IRuIMC - flea Health E4soraann Cco,era 93824 6580646 94,440 94,44 0 IN/dC NIH 93807 ROl HL888411 11,073 11,070 Uo’s-ornr of Wsahi,ag]vr Heel and Vascular Diocese Research 93837 w885257 5,691 5,091 U,r,ooro]y anon, HSC - Hem and Vancular Uracooc Research 93837 0084924D 13,163 1.161 Ur,nero,Ir of Mc]on - Heasl and Vancod, Dsoase Roaearclr 93837 HLS]I557 -02 259,443 259,441 Tons A&M Ua,ueroop - lean and Vascular Disease Research 93837 ROIHL488IOI l,295 1,298 Lar,eril’cf Sloinifac - Heal a,4 VoanIr Doca Roseaaoh 40 877 Lf670 4379 43,929 nd MD- sc Unease, Reneaeola 93830 5R06Ib3 15.418 15,418 rerania ci Pon - Lang %eaaen Rrsaci, 93838 RE3272 13.998 13,398 Macn. Cmdc0 ofC-uwgr - Occd [Yseonen L’NJ Rsc toenarn 93839 cc. I 0741 3.6 32 3.63 2 Raavh Irsasgit - Bload )raeaoco and Ronoccon Rencauch 9 3.03 9 Mi CPU: Oia BcstcalCnm- BsafloanlRcwetskcscarcu 9383; 1)6:57 13,859 13,059 havoci Meceal CorE, - 5)cd D,ncaneo cr4 Resoarces lIneMen 9383; 894.6! 57 2.338 2,330 - 178- ______ State of Mississippi Institutions of Higher Learning Schedule of Expenditures of Federal Awards For the Year Ended June 30, 2009 Federal CODA Pass’thie.4 Erarj ToOmi FeOaaa FeGGc?sthIoaaMorQwam.oCIasiaIThia Nwr.bci IdaoOjt.gNanr Eipeaiddwes ASS DSU JSU MSU 11(6W MVSIJ UN tifliC USN IFtBoa,O IItVS TharcocSraaw (frLttT - Ceaa7nrooar S cikCdCoad rc0nm 9393; U549L072509 1325 :925 SJ.sk C7Jrth5ci’0iiioRrsansctsRcscrc 93833 LL’.H12797074o2 9531 95464 e’D Jio4aoHams±jcRcaeaacS 93633 001X73,37 219.099 219199 Moaassçce eR&ab-2xmcenI 9t.a5 1: iisocntsami kinkmejI 33 053 lIl39A0(i5 353 359 ikastiogmr Uo,cenaily 5DM - Eslmnnsaar Rsarch in Ncus000Lcrcea am, Neurological 93 053 NS0424041M83 120210 I 28,210 Loinsiana SIan UioscmiI - Ailcngv, Wrno(6gr and TniiAaonanor Research 93055 1U19A102!972 88.039 104899 Coardi Ohrae,so’ -Ose Jxa:Renaco: ad Rereaxt Tn:rQ 93059 4O517357 8110 8.12) foe Lab-NiH 93 059 2’sl2GM73C442 I 51,377 151.972 MSeaao,r4cfI5naIja-MoCoJxbsemCorsJ7cFernea, 93059 74200iSAPTVXPCSO 17$77 9395.9 7428’SAYT’i2-144 2th.239 TccL?-’CFksL]a69HLTactaLwiczzalReoeath 93465 36098H25 5747 574’ Ha:,a.baonf&usec&forvar,j54e.t,oN:OHi 03956 2%4A431 A&T2 1.ebiloU,sma’ .Crç.corncaTcaocana3s Dali Ac..oox,xiC 9ictmurao 9114295170 712.345 71i.35 Unavcrsio of Noith Cuolma c6N1 Hall - Hispanic Corra’naiair9 IlcaJili Sru 93 ooanr HHSN2b0215253C 71.909 74985 Uninninoy ofAlabama . Natural Honors oICMV Reiaini Heairng Lou 93 srdsioi.nr OOISN26O2MSX000C 105,109 105,409 Moncland Micil Research motion - MSH PIIJOOO FoIioo Upfuacnsoo 93unkooae, 5010867129 49,717 19,717 Jackson Slate Univoralls - Magrclnc Rrwoaioc 11214444 Dali Acqunounon Cnionci )3aaakmsoni 501 HC9SI7O 142,450 111,450 [)ako Un,wroii - Cnaoadc 93 unknown BAMSG 6 6 Carnegie Mellon Unin’crniav’ Aououng BiornIornnaacs FlOors 93 amlualan 098] 5521053J1T361jMWS709 37,603 31983 Mainachuseirn himahoc oflechno]ogv- Lorgr.ScalcGcm,rypioig 93o6)uonsns 57 18102267IHH5N290202625125C 6,402 6,4W MS Deparmieni oiHeafIh - Real AIDS Preorn’ion Piojace (kAYO) 91 eataosm 38,869 38,895 MS l10purmoani of health - Camp Cancer Consul Pioguim 93399 lA0 2,828 2,820 MS Depamieni ofHm]th’ Tobacco lolenenuonu Aiming Dantron 9) mthaiownt 486)°D 033,330) (33,330) MS deporureni of Health’ AIDS Presenoon PToJccI kA1P) 93 — 33,717 33,717 MS Depushnonnl of Health Prrjcci SATE 93 aoJidaosa 4861AL31 36,575 36,575 Polaris Health Dircclroua, fru - College DaJcora Management System 93 undulonru 1R43M1107518501A2 487 487 Subtotal Puotksoogh Plogranu 10,996 933 274,117 544.6)6 2.b6967 I ,14s,629 266,855 38,920 503.104 3.546.080 739.755 Tonal US [kparmsenao(HcalaO and Hooruar Sentacu 54,037(6)3 406,163 1.544,616 11,575,516 3,511,147 266855 147,359 10.188,948 22,313.569 4.862,630 Conponalion for Comsorly and National Semiru Paao-iioough Program From UrtveioiIy ofSoaal,ern Miaoiosiog’ ‘Delia Heritage l.rglalkaaac Pamicnihip 94515 (IRA 1751 -A4l 1,419 lb MS l0{l.-C9]CS 94 28,569 26,569 MS OIL ‘MS Delia Senice Cups -Monica Reads 94026 98*0CM 90116 241,011 241,822 T-yal Cawnn fts Ciwrnaat actS S . ii] Sea-we 271,6:0 211.441 uS aarnonnisâcdSmcrn Oma7neniacbccxl,rd Secure0 Scnnfic Leit±m :u mm:a&u,n.: 5.058 5.864 4512 Eurukcracnca in B:cótmuoc 97:63 133,335 131.705 - 179- State of Mississippi Institutions of Higher Learning Schedule of Expenditures of Federal Awards For the Year Ended June 30, 2009 Federal CFDA Pass-through Entity Total Federal Federal GnnutorlPass4hrough Grantor/Program or Cluster Title Number Identifying Number Expenditures ASU DSU JSU MSU MUW MVSU UM UMMC USM IHL Gourd MCVS I lomelond Sonuniiy. Reneaseb, Teoheg Lvuloaiion. and Denionoiroiiun of Tecloutagies 97.108 05.365 85 .7 65 Ceulel - Otuasler Response 97.unknousu 3361/sO 336.960 GOP lisnieloud Sozunis Guoni 97.061 90439 90.479 - - - Snbiois] Dureci Programs 1.150 649 ‘ - 667,992 85.765 402.192 Puon-ibronglu Program Fuoun. MA-US Depi ufHonelsrd Sec 97.900 HWW-MSU-lt7-055 5061/48 586,64% UT-Bundle US Deplofflumeland See 4662068967 144.162 144.162 MCMC MCVS - US Depi ofHomdnnd Sec 97.006 MCVS 09030260 33,509 33,509 33,385 Oak Ridge Nuutonal Laboratory - U5 Depmtseui ofllonieloud Secmniy 97.060 4I080233 33,365 505 Mississippi Depnitorunl ufPuhlte Safely - U.S. Depanisreut olKonselaud Seendly 97006 04HS41l 585 93,015 Mississippi Susie Univeoiiy - U.S. Depottineni nfHumo]end Seeuriiy 97.006 0618063630ll-tl 93:9l5 Hutiueluiul See Subs 97006 Dt-AC05.000R12725 3,201,051 3,2011/54 67.811 Oak Ridge Naussnal Laluoralory - U.S. Depautueni sfHoirieloni Secunily 97.065 4006075059 67,811 Oak Ridge Naiuunu] Laborniurs -U.S Depsutneui ufHomelond Seesniy 97.1206 T.O.4êO55467 285.935 105.035 19.050 Univeoiiy sfKounueky - U.S. Depuitrieni ufHumelnud Seeieiiy 97061 304% 104439-069-292 19.850 UNC-CH - Ceiuien for Homeland Srcuii3s 00) 97.061 09010337 1,152 1,152 Jockson Souse Unieersui3 - Homeland Seeuniib 97.06] 43.676 43,676 135,482 Oak Ridge Nausonol Laboratuiy - U.S. Depaitnenu ofErerRi 97 .067 a5393 135.402 UT-llanelIu - l.uirraturn Reeiei kid Repori 97.usknunnun 860901(17-85409011349 14,138 14,138 MS Depoitinneni nfPrblue Safely - ODP Honielatid Seennisy Grant Pr 97.061 07CC601 11,011 11,022 SuleussI Pasu-Enuglu Programs 4,669,722 43,676 - 25.160 765.471 - - 3.201,051 - 634,363 - - ThIal U.S. Depernineni efllnsiebnd Seconuly 5.826.371 43,676 - 693.151 765,471 . 3,296,046 1,837.155 U.S. Agency uflnteetuotuonut Oevelupmeni: Puos-ibeougli Program Fmm NAS/US Aid 980631 PGA-7251-07-51 33.750, 33,756 iniul keocureb sad Oevclopaicel Clnoier 262,762,70K 7,738,393 2,910,676 30,099,09K 113,409,263 461,282 878,785 48,796,923 23,590,977 41A75,312 Oihru’ Prnnraeaa U.S Deparnrieun ofAguculumo US Depornnneni ufAgnuesiuine 14.03 7 14,037 Agrienlnnoal Research Baste oust Applied Research 10.061 60,109 60,109 Wildlife Sereices 0.020 570 578 Grants fur Agriculiural Reueuneti Special Giants 0.206 826046 41,892 784954 Fund and Agrieudiural Sciences Naunnal No Graduuun Fellousuluip Grunts 10.110 53,910 53,910 Higher Educuuuou Multoculiural &holuio Prugruni 10220 13,900 23,000 Small Fauna Ouneach Training and Teeleuucal Aossumnce Pougnam 10443 I 12.662 112.662 Conmiunisy Ouirnaclu & Asoislanee Paimeunhup Program 19.455 Cunmnudint Ponlsierslutps fur Risk Management Edneunion (B) 10.457 6,312 6,312 Cuoperenuve Exueisuussu Sen ice 10500 1,068,340 1,908.348 - 180- State of Mississippi Institutions of Higher Learning Schedule of Expenditures of Federal Awards For the Year Ended June 30, 2009 Fade na CFDA Pasg4lnnough En1i Total Federal Fedenal GrantstlPasa-Ohrotsgh GrnotoniPragram op Clnsler Title Nuonben lden06ying Nntssber ExpendOtarns ASU DSU JSU MSU MUW MVSU UM UMMC USM HI Board MCVS Nanonsi School Lunch PTUBI5In 0555 6.259 6,259 Upuard Bound MS Dept olDie Suronrer Pregnant 0559 4.887 4,887 Team Nutrition Grants 0.574 5,188,649 5.188,649 Cooperative Pearson Aoistattce 10664 53.890 53, 890 Distance Learning and I elensedrerre Loans and Grates 10855 329. 626 329,626 Project Dec Small Earners’ tmhatrve 0902 289:254 210.152 79,102 Subtotal Direct Programs 7,971.366 112,661 329,626 210,152 1,273,231 - 789,841 5,248,818 - 14,037 - Psas-ihrougla Program Front Greene CBS - US Dopi nfAgnealinre l0 CBS 0 20504 19 28,153 28,153 Hamsar CBS - US Dept ofAgrucutture 10090 CBS 02050429 76. 490 76.490 linac CBS US Dept olAgnenlturo l0 CBS 02050421 5,108 5-lot Butane CBS -US Dept of Agriculture 101)30 02050420 3?, 277 3 7.277 Porneoi CBS-US ti-pr of Agriculture l0 CBS 01070510 48,923 48923 Scott CBS - US Dept of Agriculture 10900 02070519 88,183 88.183 been CBS-US Dept ofAgrieoloural l0 CBS 02078009 32, 130 32,230 Lincoln CBS -US Dept olAgnculttoul l0. CR5502006669 10490 0.490 Wilbarsoo CBS -US Dept olAgniealsoml l0.I CBS 02090758 70.403 70,483 Pony CBS -US Dept of Agneulusral l0.J CBS 03050469 143.950 43,950 Mains CBS -US Dept nfAgneatharal l0. CBS 03050490 17.3 69 7,389 Clrckosas CBS -US Dept ofAgoncslrturat lO CBS 03060606 22.991 22,892 Shankey CBS - US Dept afAgricatttnnn l0 03 121 277 15.800 JelTetseo CBS -US Dept rlAgnieultsml l0l CBS 04050495 7-939 7,939 Jackass CBS -US Dept olAgncnttsral 10030 CBS 04101054 5.146 15.146 TX Coop Ext - US Dept of Agneslrare l0 ItE611 ISO 6,778 6.778 MS Foreovy Corn - US Dept oflgrteoltnre t0 08010121 8.47 7 8.47 7 Unurerotty olAR - US Dept olAgorcelture l0 UACBS 23476-01 20)3 2Ja Bun ofPlart lndoaoiiy - US Dept olAgncrtiure l0. Brr. nfPlantlrdnsoy .350 1,350 National Peanut Rd - US Dept sf Agriculture l0 09019016 3.161 3,161 National Peanut Rd - US DeptsfAgneuttaure l0. 0901506 9.151 9151 Adams CBS - US Dept of Agnrcalmm l0. 09090932 994 994 Groone CR55 - US Dept ofAgnscsltoro l0 09090945 47 47 Wnltaoann CBS - US Dept sfAgnealtme 10.1320 09090951 49 49 MDAC - Plant and Atatiral Dteeaoc Peal Cannot and Airontal Care 10.025 07800502 383 383 MS Beard olMonal Hedth - Plant and Aormsl Disease Pest Castnol 0025 MS Board of ama] Health 46.653 46.653 Ben ofPlaal Indastny- Plant and Aitinoat Disease Peso Coutool and Animal Care 0.025 Bun of Plant Indosmy 9.859 19,859 MS Board olAaatnat Health - Plant sad Aottnoul Dtoeaoe Pest Connol and Aitimal Care l0.02S 90120971 4.925 4,925 Univ olGA - Giants lorAgntcnlture Research Special Research Crania 0.290 RD309-05519038717 18.5 17 18,517 UGA - Sustausable Agrucnlauoo Rcanarch mid Edacatson 10215 RD309-101t384393s bill 20.324 reran MuM -Inaisrivo for Future Agriculture and Foni Sysaetne 0.303 457 101,0132 l0l, Untiuensrly olfi - Homeland Sncenly - Agsseallnre 10304 956I 44.189 44. 189 Untrersily olGA - Specialty Crop Research totalism SCRS) II 309 RC299-3 OUt] 503838 10,518 10,518 Kansas St Unrreouay - Cooperative Extenntor Sernee 0590 504201 (4) (4) Uric olGA -Cooperative Extetistos Service 0500 R0675-t 1119820227 1.939 1,939 -181 - State of Mississippi Institutions of Higher Learning Schedule of Expendftures of Federal Awards For the Year Ended June 30, 2009 Pedeeal CFDA Pass-through Lrmn,1y Total Federal Peileral Granitor/Pass-throngh GnnlnrlFrognxm or Cluster Title Number idenIng Number Expenditures ASU OSU JSU MSU MIM MVSU UM UMMC USM IHL Board MCVS Untversiis o NE -Coopers rise tvicnaion Scn ice IC 5% 1n.5i365.1X831.0i34 15,920 5,918 Unrvsrsiio olGA -Cairarr’e Lilonoun &ni’ce ‘05% RL675-i 14151(628 1.30) 1.381 Irsas MM -Coqrer suit Evioniion Service 05% TCE-12201) 5,061 5,661 NCSU ‘Coaperanie Eooaenr Sersuce 0503 2507.037&03 (16501 (1,680) U nisersoo of NE - Cconperaiii-e Evionsion Service 05% 25-6565.%20-144 560 5,560 NCSIJ - Crorperaruce Evieuroirnr Service 0503 2507-0376-50 1,533 1,513 Notional 4-Il Council - Cooperative Ernoixiert Sen-ice 05% 50030225 745 University of FL - Ceoperani e Egerosior Son-Leo 05% 069690 5,331 5,331 Kansas Si Unineroiy - Cooperative Eocniron Service 05% 505039 14,201 14,201 Kansas SoLo Unineooiv - Cooptiorno Exionaioo Sen-ice 05% 508113 15,018 16,018 UnivorotyolGA - Caspornun c Esslension Service 0503 R0070-68113610046 4,409 4,409 Univeroti oCNE -Coerporno-o Evicucoro Sen-ice 05% 254365-0313-102 4.907 14,987 Uioverortr of NE - Cropesauror Exierston Sen-ice 05% 2b43b5-l-332 41.425 41,425 0mb Siaso Unra - Goopnuice Eorosirr Serwor 0503 501554021 17,506 7,506 University of Haaarr - Cnopaniuoe Evicosicom Sen ire 05% PD 2562303 43,342 143,342 NCSU - Csoperaiiic Evioixicoo Service 05(4) 2W8-O5905 04,011 84.811 LSU A1 Co - Cisopoiars-e E’rrnvton Sen cc 85% 25590 4-5% 4,550 LX AfroLifu En7 - Couponoiive Eviorrsiorr Senioo 85% 822)92 51,475 91,475 Axisnso Unirmooy - Cc,o1rerarr,t lrvnruiroori Service 05810 ACES 00-HH?-374048-0315 5,416 5,4 lb Urroscrono Of Hans an-Casçierarrce E’aenninrr Sen ice 05% 2239792 27,058 27,858 Kansas Si U ni.eisit’--Ci,spcratir Esioniosn Senior 1051W 508039 52.459 52,455 4-H Gxercrl - Ccvsproxuce Etersei Sen-or 3503 59070728 iS.))) 16,335 R5oucoçSoeKu-SpocuoI&ffNnoarF’xrr 3557 401.3819 46.109 Maouixpp Dqosnrn c-f Eno’ - US Deat,rsv o(Axnthn 15 550 1:30 1125 bluvncupte 3epa-nraon of &coanx - US Dopnci EAn,au3uco IC 555 End sacs DOE I U SDA 10 563 1-(57253742 15,77 MJJELS -Slut Adarursi -trio Maacr,.ug (ens 8x Coos Sla 15561 528il .1% 1,1% SlEDS - Sane Admmco’ssute Ms:&srç Gwen Dr Ford Sieç 53561 52’S-SN 530-569 530,509 SIDHS- Scone Acorcuoronuve Mahri 66ozts for Food Snamsp 10561 52 70 14 iN 1,715,152 .7 15, 132 Msclnupso DOE / USDA 10574 07 9F0 17,023 17.023 A_E’USDA 10 S7 (SiN 36 MO) 13.; 09 23.149 MS FSOL-s Cress . Cceanur Foretv Asssuaxe :0664 ‘77050194 14.926 ,926 MSFcecm Coews-Caeev iirdr±r Pr.slecnanu(A.0) :0680 CC 35 05 17,915 :7.625 Snflsoai Pros-oEgnss Pr.sn,Tn 43055* . - - 3.329,a - - 63,649 421,381.9 24,203 TnoA US Ecitotrare of Acw.km.r 2,37.09$ 12,66 3291610 210.152 5.111699 - 709.84) 5.30.467 481.3019 73.390 US Dopnraere of CeiTnixict Economic Lkvelnprneni 1o05uical MsLorance 11303 162,773 162,770 Sea Grani Snpa 11417 998,809 998,303 Oil’ucesiOceanuucan.l Aonosphaic OAR) louts and Coopeoauive Irtuinie 11432 447,165 447,165 Ilaboat Coroervatrian 11463 176,506 76,506 ContrrsnronaIly (4ennfod Aacarda and l’iojeris Ii 409 .470,795 151672 1,310,111 - 182- State of Mississippi Institutions of Higher Learning Schedule of Expenditures of Federal Awards For the Year Ended June 30, 2009 Federal CFOA Pass1tnroagh Entity Total Federal Federal Grantor/Pass-through Grantor/Program or Cluster Title Number tdentittng Number Expenditures ASU DSU JSU MSU ML MYSU UI! UMMC USM HI Board MCVS Public l’elcconnnu;nseattotss Facidlics Planssng and Ceossnuetsims 1550 8109 Oleasniernactis and Erpneenn Research and Standards 11609 4,630 14.630 Cnngrnsssonally-ldeoisfood Ptnjrein 11617 12.312.004 12.31 2.004 Subtotal Direct Progrnnsa 15,590,504 - - - I//not] - - 15Z672 - 14,651,631 Poan-thronglo Progao Freon Mississippi Toelnsoln Ailsotaco - U S Dopaeensosot nfCnnsooteo 11002 MEE-2010KAT 10.371 10,371 Nulorul Manne Sanctuaiy Faundalson - U S Department of Commerce II 000 N/A 0.028 0,028 Mssnsssopps-Alabannsa Sea Grant Connianloun - US Department ofComnrerce 11417 NAIbRG22SOoED-8 (2,662) (2,662) USM - Sort Grant Suppeon 11417 USM-GR02426-Al 0-EX-9 14,905 14,905 USM - Sen Grant Suppunri 11417 USM-0002On16JDMOIIBUS-MSU4I- I 102.696 102,696 Texan A & M Foandatsos - U S Dvpanonoeont of Connanorco 11.431 5009067 6,311 6.381 MDMR - Uoallomd Managrnnonl Projeca 11454 09-025 14,593 14j93 LSU - Congressionally [don/shod Anaurds ted Prqrls 11469 34111 446 446 Naliorni tn/S Rarer Mnoeuan & Aquarium - US Department of Cosoorrreo /469 US M-G 61(027 17 9,055 9,055 loins A & 61 Frundnoior - U S )epunsnneoas of Cannineree 11.473 5060102 146,338 46,330 Texan A & 61 Fnondatton - U S Department of Conmseree 11473 5080072 )5,690) (5.690) Miotsaippa State Ursuorsoty - U S Deparerent of Neal/in and Human Services 11461 211609-362046-01 6.320 16.320 MS Depannnorn of Marnoso Resources - US Deparonnens ofCormooree 11.411 09-037 7,4nl 7,461 Mosnosnsppt Toclnnnlort Allsanco - U S Daparninent oiGennnereo 11.611 MEP-2008KAT 12,973 12.973 Mooosssppo Teelmology Allsance - U S Drpaunsnont ofConsrseree 11.611 MEP2OIO-7 III 26 MTA - Manufaetsrsrg Entertoor Pmnnerahsp 11611 61EP2098-7 1,164 1,164 MTA - Mmufaetnrort Enlenonor Pamseohip Il/ill 08060195 (l07j (107) 6/TA - Marufacteenng Extension Pafisnerahap 11.611 ME? no 08100077 1,752 1,752 6/TA - Manafactaunong Extension Pamsenshsp 11611 ME? of MS 06100876 1,721 1322 MTA - Marafuetcuing Extension Pathseoxhsp 11611 6/hP of MS 090 10052 L097 1,097 MTA - Mnrsfnensn,ng Exiennion Patireoshap 11611 6/hP af MS 090 10005 9,640 9,646 MTA - Mamafacturag Exnonssnn Panoership 11611 NaEPnfMSO9O2Ot75 2,609 2,609 6/TA - Manafuclaanng Extension Ponisoerthsp 11.611 6/hP of MS 0 9020 171 1,412 1,411 UM Ret t°oondatnon 11617 6ONANB6De 134 364.95 I 364.951 Subtotal Pannlkongb Prograsnu 720.311 - - - 151,057 - - 364.951 - 21 1.503 - Total U-S Dcpaolaonert sfGotnonneoce 16,316,015 - - - 937,050 - 517,623 - 04.663.334 U S Deparinoorl ofDofonoe US Dept nf Detbnoe 120% 1,206,574 6.566 1,202,098 Anqotanic Plant Cnrbol 2% 1,408 1,400 Flecot Control Projoett 206 116,974 118,974 Sonic and Applied Scierlofte Research 12300 367 1,367 Mathematical Seteneet Grants Progrart 12901 115,122 115,121 - - - Subtotal Doreen Progoanna 1.445.545 . - 1,466 7,953 - 1,436.104 183- State of Mississippi Institutions of Higher Learning Schedule of Expenditures of Federal Awards For the Year Ended June 30, 2009 Fedee CEDA Pana-Inrought Entity total Federal Federal GrantortPass.throjrantor)Program or Cluster Title Number ldeinlifyill0 Number Expenditures ASU OSU IOU MOM MOW MVSU 1dM UMMC USM IHL Board MCVS Paas-ihrou6h Prowsir Fran Air ROTC - IJS Dept oi tkknie 2000 Ar Rotc Basic Uotlomrs 14.309 4.009 Applird Resource - US Dept of Oefrro 12000 AR.46I1.07 5090) 58,901 TASC 120(00 19616-I l4109-0 705,459 705,459 US DOD NSe9 02000 W9t370-Ittb-P-0l45 196.321 96,32) (00,140) 6.istooirppi Slate U nicerot ly - U S liepotootent if Defense 2.100 NnllOitOt-D-BOOl-D033 (30.140) 2009 645 Jr Science 12.401 W9IINF-04-I-lt6lIl 3.94 9 3.94 0 11.551 NSEP-U631006-11s1-CHN 462.776 462.776 73,291 50610141 Pano-llvon4lt Programs 1,411.647 - 1360,505 - (30.1 40) Trial US tkpaflunoenl of Defense 2,857,592 1,400 01,244 - - 2,004,609 . (30.1 40) U S Deparlracal of Hoiio id Urban Deoclopniert Supportive Hausirr Prn0roo, 14135 309.507 309,517 Cononuntly Duvrpmrni Block Ur,niaiBrosntfirlds Economic Dccelnpnnrini Inirintive 14246 667,120 026,630 269,015 70,475 lair Noosing I flhlinILset Ptt19Twr 14400 74100 74,100 Hiotoncalty Stack Catlugen & Unpnrrstlpen Program 14.520 424 424 Subanasl Dirrel P’opiinn 1,13), 191 424 - - 326.630 269,015 - 71,475 463,647 Pata-through Prngnarr Fit’s Foul Bolos, Crud RaR - Us Depi of tlnastng ard Urban Developirent 410th holly Sorrel Honourg 19,072 05,072 Back Ru hulisnion - US DepI ciHoasung and t3,hoo Ik,rtnptnrrl 4000 10030241 4,600 11,6(0 C:is oflarr&x. - DqAof l3ucra.d Urt., DereLtier I42 050 50 SI 101 02 SuaoDoeIaaeAtinc:r’-US Dcpntetcoflsazi&L’-oasDetocbptn 4129 al:2-r9-KT 5299 Cr:cLxscr. MS-00.0hCaretotoangEarocLocrig :4219 1.520 5.5042 ef l4il.eobarg - Li S Dopanra of ilatcnc t Uub. Dr-tbn 4210 3.412 3 022 PlEA -Czcjr,cses ikurkearru BIoc Cnronthlanen ?n4rac ‘4220 RI lh-695A-LTW 177.263 77.263 Ct:afixsce-CS Diatrcla(Kos&l*aDene5®icl 4209 ‘924-64100110 5.09 9,097 Maoo:ls;li Ucove Cc,p,uraoio,. US Dçwnx,tofhaeracg&t-rlaacjevek.rca 54209 6.500 5.501 Mioniluippi Denriopt.rr.tAuthrnri -US Dep -irrcnlofilousr &Uthan DneUpeen 4240 53.369 55)09 Ceriet for Rural and Small To,,n De, etopnerl 11251 16104 16,104 P5iucetipHu.reCocpooroo-US [4snaTltufliou.ocg&UtaeDencbcclc:o 14316 514 554 ‘ . SL3:rt Pass4Fewi Pruparu ‘1,-n—, - 1,300 127.016 06,004 - 0.999 TadUS 0epo7raeIaus0a405aaDeio4xuee1 :3-SIC 4 - l, 533.666 269,005 16,104 71.475 541636 US Detrcanfornw 135 Degr of Frisw 5100 5.3’S 2.0:4 1,600 Cjkaa2t Reoaart Mao agrrec .5124 2,q3 1.940 Fink and Wilalik Maiuagemrml Austslaace 5600 117,710 It 7,7 99 US Geological Siomes Research ord Data Collcriot- NHD SIr” ardship 5000 1940 1,940 20,561 ‘ - Smitteta) Direct Pmgraarta 120,106 - . s.oi 1340 - 184 - State of Mississippi Institutions of Higher Learning Schedule of Expenditures of Federal Awards For the Year Ended June 30, 2009 Federal t$DA Panu4hraugls Botany local Fadeout Federal GraiseorlPaus-through GranlonlProgram or Cluster Title Number tdenltyimg Number Eupeodituma ASU OSIJ JSU MSU WOW MVSU 3M UMMC USM IHL Board MCVS Past-ileough Program P640 MS Band olclrocaure Indians- US Dqu of lonnor tiiflt 9101018 841 001 PoetIc Rico - US pt olluruTia” I5 UNER 2029-l426 136,095 36,095 MS CPataw Indians - US Dept olloaroor I5t 06121053 161,71 6 101,716 .oJtR-Leo 15815 OOHQGRO]37 5.4]8 5,416 - - Subtotal Puss-through Pmgaamo 244,034 - 239,412 - - 5,410 ‘ - - — - - - - Total US Deponarannt olLubar 372.936 - 359,974 5,413 - 5.104 1,940 U S Department ol Justice US Department ofJuoaice ‘640 1,644 Lbonaeul’c Violence 56,1 oar Cnmpaa 6525 1 7,929 37,929 Juvenile Juotce and Deltriqarorca Pm’ 0111011 Al]ocotton to Slates 16.540 97,30 I 97,30] Putt 6- Develcptng, TeoLug and Druronsrrnttug Promuorug Slew Pmgnnnoo 6541 34.992 34.992 Edoturd Baron Memonal Stute& Local Lawcnl’orcemrrat Anniornarl Grant Pmgrarr 6500 3.740.437 1010,50t 55,561 2,101027 504,549 Public Safety ?amrcachip and Conuaturon Pntrcmng Urania 16710 33,155 33,155 Subluani Urtoct Programs L94 5,461 1,010,556 37.929 55,561 - - 2,103,475 - 729,997 Pans-abonagh Paograrr Prom Mtuurroappr Depatiurnat of Public SufeIp U S DuTarureol ol’Jasiacc 0491312] 60 60 City uS HauaanVaap U S Depnnreut uS Juoltur 16523 49,623 40,623 41,616 Funesi lotan In Barnard of Supervoors - U S Loepeanrent of latai,ae 16523 Ght)02016 41,616 yr 1BPS-U (a) 16540 2105-JB-FX.t017 59,734 59.724 Mas-UDi -sAt] 16 543 6.963 6,963 Pop i[XtJ 16540 45,132 Coo of iiaeanlegg - U S Jepsiurcur of stoc lb 548 CP,t2I54 Ccfisras4 -US Deponrauui’duoec 16 540 MSU OLSDu3J 6560 2((7.RC-CX-k118 40,v’fl 1 633 Unauernrv Sbuuaipa. Skd’col Ceala - US tkpnr.ec: oL-asote 6 586 ;M,\aCeSSS3S DPS (DOd 6 558 24Th-W(-AX-101 1139 1,239 cci, 54 l-.uaruurppr Depotimetat rafPabrrc Salem - Violence Agarro We-men fomraoa Grants ISIS 21884-FW-&X-K018 98, 64 39,651 39,651 MSU - USD03 6569 2%S-DD-BX-K-035 So56’eal ?asu’tbots4ia Pwes 2:0.062 . - . - . 161,709 c8164 IS4,03 yr’:4 Tand U S Depannatee: no 4-asia 4 1,3:0,556- - 37,929 55,561 - ‘ 2,285,264 96164 084,7% US vnanelotnv’ Ea,,:synna:& Tranzea1tra:raesuaxs Pa6,aDcrrw& RenednPars 17161 66339 ‘III 34 60 Ps-te4a.eS 4am Frera Ma tmpca Deco sf FeopTsoro000 Scary -US 3eo.qrxr4o(Lco 7586 Depanmerot of Labor - South Delta Planotnp & Deceloptoem Dint ci Woolloome 17255 90,061 90,863 MS Dcparratrama olEarplot-meart Scoatory - WuoU’ntve luvuouneut AG 7250 6509318W7091 I 36,46] 36,46] Depoomeni ufLaby - Ausanratac Ider taticalton Tcolnrclupa 17161 127,410 137,410 Subtotal Pato-abruogh Prangoaeos 326,225 . 90 06] 36,46’ ‘ - 127,410 - - 63,493 ‘ - Total US Deponararorol lattice 426,106 60,109 90,861 43,612 ‘ - 127,410 96,294 185- State of Mississippi Institutions of Higher Learning Schedule of Expenditures of Federal Awards For the Year Ended June 30, 2009 Fe CFDA Pass-through Entity Total Federal Federal GranlorlPass4hrougli Grantor5Praran orClusle, Title Number Identifying Number En peaditu ma flU DSU JSU 1151.0 MUW MVSIJ Wit UMMC USM IHL Board MCVS Bureau of Populouon. Rciu6’oco aid M loraturu, tkpoiurena of State Pasa-Ihuougla Progoaaa Fruit NATSA Aoouxtutaoaa of Intomaitonal lidacaloon 9430 1,234 1234 CIIiDIGcorgcloaiar Uttuenair JSU Echaogc PT000aon 19.519 JSURX2aI40004O2NISECAAEO7CAIIO 55 55 CIEO/Geoigeieuar Unareratis - ISU luachange Progroon 9519 i5Ul6X205001700G SECM0000AO7O 87.519 07 .5 19 Into1 Bureau of Populouor. Rolegoes and Migration. Dopurarot of Stoic 80.000 .234 - 87.574 - - . - - US Dcpaomacrl of tranapoulauuu Airport loprovoitonl Profrair 20.106 4.999.795 4.999,795 llaghaav l’oairirg and F4nctoaoo 20.215 69,238 69.230 U S Depaomtenl ofTiauacponaraor 20.2 19 15,174 15,174 Pubbc Trarapotiotior Retouch 20 .5 14 307.035 307.035 - Subtotal Direct Prspramr 5.471.242 - - 456.273 - 15.174 - 4,999,795 Paor-Iloough Prov.m From MDOI- US Deyar rfTrarsporioiaoo 2O& 105011 101000 (272) 1272) MDOT- US Depi of Iiarspei’toior 20 MIXOT 104965 101000 142,014 142.014 MS Office Ka43 Safnrv - ItS Dept of Trantpiiaitur 2O MS 0511cc Ha; SafcI (403) 403) MDOT - US Dept of Tmaspoaaam, 2O0 105011102003 40,716 40.716 0’fDT-USDepiofTritnaoix 20600 HWW-M54107-055 54 54 MUOT L’S Ba of Fruxn3a or 200t tdOA wet LOOT Soot Ca,aa Ewsaaze 2L’53 20.763 :?4slt O4DOT - US Dço JTro,ct2.or 13020 MOA row soj: Ceuzat Fxaianzr 02.032 02:031 19,5C 75,543 of 0Jahwau Sokia - U S Dcpo.lticra of rpionor 250010 08•Pr.z:D.I Fi,teorSaki3 -US Dpt’ourtacfjrouspario:,ur 20060 0b-TA-412-I 01,172 49.172 Ofl)2T E.jarn Wait 20255 99,u151 (09,421:’ Miso’tsapo’ S,it L,ants,ir - Ejusanc ç 0So&to ac M’aoau’.ppi 20515 40.334 41.034 Sl5Dçrrcwof?uzl:c Siai -50015k 421 Rooduor Solo’ 20560 7,545 MS Deparareat of Tmaunaa’eu - Tranapoaaoant Platanui Projrci 20920 9,232 9,232 Mianjoc,Starbactoara -Pct0TTaIScnhcu 20r60 !91a5:30351 10 PSP DOT SI1TSA 13 600 NHTSA-54 333.120 333,107 Off MgRtavSain-US Deptrc:raoue’j::x 20 600 0942€-I :2-: 132.711 102,211 O1rucol li:g aia Size:’ -US Dtfloe:ofT:eua,onx:o. 20660 09.31412-: 201962 203,992 40,355 OTacr of H:gO,tau Sn: - U S Depcmeci of Treoafla’.cor 20660 39-1A-41’-2 58259 Ceo4Ii:airroSxtv-US i.-ti-r:ofT:vs,trsioc lii :9.oss 19.129 54BPS? -Ake1dmff:Sarn tdDerIDe’.,0?irritc 20601 30-TA’411-l 21416 12343° tat’S? -Ak;atcSm3andthai2uogptt,ea,o 2060) 05-AL-aOl-lU 04,141 64,141 MDPSP - PJøhoI Traffic So0 and Drank Drnirg Proecaflun 18601 139-Al. -IS I-S I 115,495 115,199 Out’ of Oaldrd-MDOT 20610 SRTSP4IJW 13,305 13,315 Ms Depaanerto1tranopottaioa - 54(11 20 anOmuan 207,439 203 1)9 Subtotal raaa-thoang Pautgraaaa I,996,109 - - 3u0,b02 716,775 - 257,072 - 663,660 - Total US Dopamnoni oitmntp,uratioa 7.467,351 - 014,175 716,775 15,174 - 5,256,067 - 663,660 - 186 - State of Mississippi Institutions of Higher Learning Schedule of Expenditures of Federal Awards For the Year Ended June 30, 2009 Fedora) CFDA Pass4hrough Entify Total Fedeml Federal GiantoilPaaa’throagh GranleriProgram or ClasterTitle Number Identifying Number Eaponditurea ASU 050 JSU MSU MUW MVSU UN UMMC USM IHI Board MCVS Appalactran Regiona] Connrrssinii Appalachian Region) &vclopiineai (Sec individari 23(09 215,212 21522 2 Appalachian Supplemnain a Fcsleia] Grant-in-Aid (Conmiuni) 23002 29,052 29,052 Appalachian Ilouamg Projoci Planniac Lana Toclaaacal 21005 10,456 30,456 Appalachian local Develapnicni Diaatci Asaisianca 23069 450 450 Sahivial Direr’ Proprnana 275100 275,100 Paaa-ihaoagb Program From MS Main Strati Aarr - Appalachian Regarnal Conmiiauaan 233300 MS Main Saner Aim 00010047 709 700 Eaai TN Slain Univcniiy - Appalachian Reaenrch, lechucal Ansiniarce and Loans Project 23-all 220007-14-] 13,177 11,177 Sahiaial Pmi-throogh Prognaaai 13,015 11,055 ‘oh1 Appalachian Regnooal Caruninsion 209,065 209,065 Library of Cargiraa Library nI’Congrcio 42(00 107,241 197,241 Isaijonal Aerornalaca and S1noce Adrnjrria’tnarion Acioupace Edacniioa Services Pingraoir 4306] 2039124 704 715 765275 1,272,350 Paao-ilnmaa0li Pragtaar Firm Unnsernav aIM inasiappi ‘ Naiaarni Aeranaanaci and Space Adinnaniaoaoon 43.001 07-00-109 (4) (4) UN - Aemspaee Edacalsar Services Pmgrnna 43001 01-00-023 11,714 11,714 UM - Acraapncc Edacaiicm Semen Program 43001 09-10-020 19,05] 39951 Uhf - Aerospace lfdacalioa Semen Pragram 43001 00-00-030 0,090 0,19)0 LIM - MssalsnLppi Sparc Grant Conioriiarr 43001 0907003 300112306A PD400SGJ72II 27,006 21,006 Snh]aiol Pain-through Progranri 06,720 0.041 . 27,066 51,066 ‘ . - . (4) TorO Nissan] Aoronaaaica and Spout Mmirairiaann 2,125,052 0,1310 - 27,050 52,301 ‘ - 765,275 ‘ 1,272,346 Nairoral Eadosiroar for the Ana Ftrinaoi]oa sfthe Mn Grains a Urgaaiiaaaraa and laSts idaala 45.024 41206 0,045 25.209 5,522 1,630 Promoijorn alOe Flamanaiiev Pianfeasronni Desclojnnxni 45163 55,000 50,000 Pramoiran alrho hlamaaaioa Public liangranno 45164 79.365 74,365 Sabtvlal fired Progniana 170,731 . 146,290 - 25,200 - - 5322 ‘ 1630 — Pasa-danugh Program From Mssaiairppr dr-na Cormaaison - National Erdoairncai For the sinai 45 (00 00-340-CDs%tG2 (9,190) (1000) MLaasai ppa Hrenairaen Coiaicil - Nanonal Endonomeni for the H’aiamoaea 45 010 MSOH07-I0’OOh 023 1,023 MAC NEA 45 09-141-MPG 4,100 4,31 10 MAC NEA 45000 (9-14-MPG 4,100 4,100 Ar-ni Mndsacsi - Nunaonal Eadoiinreai far [he Airs 45.015 34266 0,210 9211 Miisissnppi Anna Cainrarionion - Naisaral Erdoaenrcnni for thc Area 45.025 (9-171-As/PG 1.400 3,400 Missisiippi Ann Caaeninsion - Nairosnal Endoisrnoni for [lie dais 45025 09-ISO-AR/PG 3,009 3,000 Santhem Ann Frdcraiaon- National Eedossnrenr for the Anna 45025 329117069 7,500 7,509 Mass aaaippn Niamaninei Comcil - Nnaatial Eadawrnerl foe the Flarnannuco 45129 I.UIC-R060-00-035 1,401 1,461 Minarsnnppi Ilaniinnoroo Conan] . Naaaral Eathrsnienn far dan Hornnrilien 45129 17.764 l77h4 -187- State of Mississippi Institutions of Higher Learning Schedule of Expenditures of Federal Awards For the Year Ended June 30, 2009 Feder CFDA Paas4hrough Entity Total Federal Federal GrantorlPass-throuh GrantorlProram or Cluster Title Number Identifying Number Expenditires ASU DSU JSU MSU MUW MVSU UM UMMC USM Bit Board MCVS Miff 66:11 45129 fs4HC-060TOO-109 363 363 MHC NLH 45129 RGOO-00 l,4m lam OsHIC NEIl 45129 S050257-00 4,914 4,914 M iisioi p91 ItLimasotes Council — If You’re 2cr’ Be A Leader 15129 hOICRG06-05’079 (50) (50) Mississippi Flumanisica Causes] - BlueR Studies Movement 45129 RGOTOO-007 79 79 NoB - NEIl 45 160 RA-5003l-05 40000 40.000 Sabtoul Paso-through Programs 90,272 - 29 - - - 55,077 - 43,166 Toul Naooril Endosinsert fur site Asia 277,00)3 - 146,290 29 25,209 60,599 - 44,756 Notianal Science Fouedston Nnljcoal Science Foundation 47900 47,30] 47,361 ktalhesnsatrcal and Pitt teal Scirocon 47. 04 9 152428 152,420 Geoscience - USM/JSU Research Expenence 47050 396,077 306,077 Biological Sciences 47 074 19216 39,706 lB Edocoorn and Honraa Resources 47076 3,753,473 1,097,089 906,216 016,493 720,575 132,300 Nasonal Sc bate Puandatton IPA DOTY 47ondiuiosscs YloRclOlO 115,574 I 15.574 Sobtoul Direct Programs 4,495,429 ‘ - 1,097,009 1,025,922 - 016,493 873,033 I 35,574 566.531 Pans-Ikough Prarsons Franc Umverssly of ND / NSF 47.049 N/A 0,006 UND.NSF-Quarknet 47019 PHY-071539h 3,179 3,179 Untrennapar coo - Production of POD in Manisotoalsea 47049 05013541403051393t 29,512 29,512 USM - Geonctences 47050 USM-0R02399’ClO 24,047 24,007 JSU Meteurologp HPCL 47050 NSFISOO-73 I 121ATM41301213 12,194 12,104 Univ of Mnaonchosesru Atrdierar - No Longer a Dream Deferred S PEN 47.076 05003146 P00 26,062 26,962 Usoverasny of Mississippi - Grodoate Edoculion or Minosusipps d7076 B5-l0-01OMRD’045f162 09,326 09,320 JSU - Education sod Hnuuo Ronuorcen 47076 MAMP Phase IV - NRa 0602740 40,457 40,457 116,329 Uosvcnnsr3 of Msutooapps - Nansonul Scienco Foundation 17.076 05l06299t00130450362 116,329 Porno Lab-Quanlanel 47.076 CHRE5i007 1,097 1,097 2002 MNP 47.076 HI0D-0115007 226,731 226,731 64,749 Unsarrosty of Msossuspps - Edtuanon and Human Resources 47.376 05-10-031 64,749 47076 HRD-0602740 33,032 33,032 Uasacassiy of Mississippi - Evalsaltor Research-Phase II 47 076 0704090/3W222430M0EC053503 I 10.550 10,550 Sahooul Paso-through Pingratro 706.998 - - 220,993 24,087 - 33,032 239,007 64,749 116,329 Total National Science Posodalnon 5,201,427 - 1,326,002 1,050,009 - 049,525 1.1 12,020 100,323 602,967 Snail Business Adoatnisostion Ennoeprrneunsnl l’cchusolcsp, 59.006 2,690,110 766,092 1,500,560 296,559 14 38,005 Small Business Desetoprent Center 59 .03 7 922,250 17,207 905,049 JSU Sudeot Run Boniness Enterprise 59 anlsnoot 64,792 64292 Subtotal Derect Programs 3,677,160 704,059 - 64,792 1,508,560 206,559 14 043,120 ‘ . 188- State of Mississippi Institutions of Higher Learning Schedule of Expenditures of Federal Awards For the Year Ended June 30, 2009 Fe&eal CFDA Pass-thropagh End Thtal Federal Fedsoil GnolorlPass4lsroaqls GrantowPrsgram or Cluster Tills Nasrtber ldealtlying Ntmber Enpendiliares ASU DSU JSU MSU MlWJ MVSU UM UMMC USM IHL Board MCVS Fsso Mian’srppi Teclarolrga .kllranuc - U S Small IlLusiarena Aderinislralirn 59 MTA-SBA-0904 12,671 22.071 Mississippi Teclarolrga Al [taint - U S Small Ba unrest Admmtrinlteqi MTA-SBA-066k 43) 594 49.599 lln’cenaiiyol MS - Small Buspreec Des elopmenr Ceaper 59037 University at MS 22,662 22,062 Unpnerariy of MS - Small Business Des elapmcrl eerier 59037 08109884 61,008 62,698 Small Business [kselopmenr 2098-16659 59017 9603091Z692528 133.791 113,791 Subletal Pass-Ilmmaglt - Pransma . 318,466 . ‘ 137,791 [02345 - 81,870 Trial Smarten Admmnissariom Small . 3,995.666 784,099 92,523 1.691,313 209,559 14 943,129 - 81,870 Terneast Volley Antlvsnty’ Trnannna Valley Authonly 62J 5.4 56 5.456 S Depnraaeni of Vepenan Main Veterans Admmnsannon 640820 49,n96 Dcparlareni ni Veperarn Allan 64 tuhonran DMS52226 22,423 22,183 Depatimpiens of Veicnans Miasma 64 ae8.teounp V586P349 2a,S IS In 9 5 Depanirere rA Veterans Ails t S4rtemer. 81,655 Turj. U S Deparscaa itS Oens klan . - 166.118 . 49.609 36.452 US Esmeoncrital Pra.eci.ss Api-icy GmfnfMevacoPmmgam 66435 11,315 11,315 Cnogmnsxaaa Mania:cd P:o1eris hOWl l64,519 01,619 Ssnrvr, Sa68. lnse66paarms aco S1cal Ptrxse Crania 60609 178.512 178,572 El A-Er. ostSa ç t6067 8661 itnncaad CmTmnnis Based Leaj (banned dTrna92iirit Prone 66716 1 3054 SstS-ani ftt Prormum -840 !83JcS . , - - 111259 ?umv4bratp Prsart From MDEQ -EPA 66 1-3 20 2,320 NCHII - EPA 66 NC084407-l097 2(09 2 MDAC OPt- EPA 66 DPI 096464 58 42 42 MDEQ - EPA 66 04-09476 111,449 II 1,449 Galled Messes Alliance - U S Ennirun menial Prolecruna Agency 6e BTNEPO9tI4 ‘709 1,709 MS Depanapeni of Ersiroinpiertal Qaaliiy - U& Eamproanrenital Prolecran Agency rosa) 09-01 US9UGOJRL-07 17,416 17,416 NCIIH-Srrseyy Studies, lanens gairurns, Doiromanranons and Special Parse Acti eases Relating rot 66034 NCIOI-07-l097 18,57 S 18,575 MDEQ - Targeted Watershed Grants 66439 09732 17769 17,769 MDEQ - tibispomirl Scarce lmplarealalron Granla 66460 07-09794 34,336 184,336 Ducks UrInated, Inc - Natnanal Wetland Pmgram Des-clopmeni Grants (B) 66462 US-MS-cS-I 2,999 2,999 MS Depunimnenl ml Eamtrnmncaial Quality - U S Enua’ammrnirl Pintecisno Agency 66472 06-I3IUSMIGCRL-l1l 1,225 1,215 Subtetat Pans-rhraugh Progearon 339.489 359,836 . . - . 20,341 Thrnl U S Erpmrrirmncntal FestoelLan 781 691 . 18,407 621,680 . . . . 142,610 -189- State of Mississippi Institutions of Higher Learning Schedule of Expenditures of Federal Awards For the Year Ended June 30, 2009 Federal CFDA Paaslhrough Entity Total Federal Federal Grmnto,lpass-throuqh GrantorlProqram or Cluster Title Number ldeootifønq Number Eopeoodituoes ASLI DSU JSU MSLI MUW MVSU 1)0.1 IJMMC US$81 lOll. Board MCVS Nuclear Reguloleiy Cmnmtauion. Nuclear Regoalaiory Cononinornir Nac]ear Education Grant Program 77806 77,867 77,067 U S Dcpaa’innort of Erergi Renesaiooo Conotruciioo Bioengrreer 83049 41170 142,170 LI S Dcpuriinenl of Energy 80078 161,476 161.476 Ergineenng Cemplen 01087 275 275 Sublolal Direcl Programs 303,921 142,445 161,476 ------Pnsa’r}voegh Program From ISUIIJS Dory’ Energy 01-000 DE’ACOS-0l37821000 62,377 62,377 Southern Foreoi Research Paruierohip - Renewable Energy Research and Des eloposeol 81087 Southern Foreor Research Paiioerabsp 12.581 12,581 Subanial Puns-through Progoano 74,950 - - 12,581 ‘ 62,377 - - - - - - - — Tool U S Depananeri of Energy 378,8710 . - 842,445 174,057 ‘ - 62,377 U S L)epaiTrenr of Edacanoo: Fullbnghi Project 84021 68,055 68.355 Higher Edocalim ‘ looriutoonol Md 84.031 5,704,458 3,822,6 35 7,971,723 3,9 lOt 83 TRIO’ Siudent Suppod Services 84.042 1,206,456 309,215 232,012 390,699 274,530 TRiO Talent Search 84.044 396,367 396 3 67 110i0- Upward bind 84042 1,131,770 285,893 265,566 580,319 Fund for the Impnioionenl of Posi Secondary Eolucatwjo 84.116 2,815,222 66,739 748,881 1,999,602 Coingrcnurnrolly Directed Goon Awardo 84t 1hZ 873,925 871,923 2,002 Deceinponeni of an lriegoied Learning 84.123 67,915 67,515 Rehubrltiuboo l,eng-Ternro Trueing 84 129 32,016 72,016 HEP - Corniauor 8 Ed season 84.141 470,305 471,405 College of Basoenu Adouoosiraiion 84.153 28,397 28,397 Paul Douglas Toucher Progaut 84 176 663 663 Safe ard Doug Free Schooln nod Corroriunitreo National Programs 84 184 02,526 102,526 CAMP 84.104 4,455 4.455 Gradaaae Asosunce to Amos of Naloenal Need 84.200 246040 97,617 I 29,468 I 8,955 Fund for lsnnpreoemoni of Educaiion 84285 421,144 94,536 326,608 ‘ERiOMcNnor Poni’Bnccnlaurente Achtevonneoto 64 2 7 673,342 214,439 250,175 209,058 21 it Ceniioiy Ceoornuitiiy Lennnrg Center 84287 83,1090 83,900 Edacanior Techonlogs Stare Grates 04 .3 8 99,267 99,267 Special Educanror - Peroennl Developoeinr in Insprooeo Sen-ices ord Resulin fur Chridrer 84325 425,650 69,174 356,476 Special Eatucanon - Toclnoicnl Ansoolance and Dinueminailon 00 Improve Senicea and Reonliu 84.32 6 79.975 79,975 Dernornuaaon Piojecra 80 Encore Siudenta auth Diuahrlineo R’cove a Higher Eu] 84333 165,419 165,418 Grao-U1a 84. 334 3,341,562 3,341,562 Child Cure Acceou Meonu Poronin in Sclncol 84335 270,056 123,360 159,496 Eisenhower Prnfeuaosual Inevolapinoul Guano 84367 1.004,504 8,094,594 College Accent Challenge 84 378A 620.055 623,055 Delta Men Wnimg Projeci 84920 203,681 20,987 62,059 121,785 - 190- State of Mississippi Institutions of Higher Learning Schedule of Expenditures of Federal Awards For the Year Ended June 30, 2009 Federal Cf DA Ps-Itvoogofntty Total Federal Fedeiti] -Goarg69?aas-Isrosi-3h GranlooPrograni o ChiMer Title F6imbec lde.ilifrig I6rnuber Eopecideoo,es ASU OSU U MSU 4M IVSU U UMMC USK IKLBaaed MCVS Rcvjicn iI.rncorc A:8ico ta 938 4.83 ;, ‘71 4.83.? 84 943 1.503.6:6 i,ltO1jSi (2 6208 ic4o:o. Duo’: POrLTJ 37093.700 - . 4.S:399 8$23.O3I 1424 79 5,838,555 i00589 I0;’3I6 (239592 - ?ons4hioi6t Pronnu frcec Chxtoun Cttv PSD - US Dept of Education 84000 08000716 .583 583 Sn.onv:.x Cici, P50 -US De4 c: bd-sai 84000 P531711.906 55 55 31i-JSDepiofEtjcat-s 84 06226t30 25.137 23337 S.Li:Ik PSD -US Dci ‘A E&aix 84 PSDC&i0’62 (15431 (2.5430 Tr&FLnSleda. Ito cCt-USDo0sEoauo 84.04 Tio& ftt..n Mc:t6 brood CL (3.4651 (3*51 Ci ia PSD -US Dopo of Edajoc 04303 PSUSOC2Ctti 0060 (566) kacs Catrs. SD -US Dcl c!Euljcros’ 64003 SD.C0(224i6 (I) A6O.’±C P53 -US Depu A 8-°Th 50-586201)0 1,6)1 i 601 Caic fs C:n o So (4020 Q3040070076 s_jo2 S_Zn, Alctdcen P50 -US Dept offducoooo 04000 PS00802OtnS 80 ID Abcrdccit PSD -US Dept ofEducauon 84000 PS008020t64 76 It C6octawoomy ISP) -US Dept ofEdoconor 84.000 S000033t00 13,025 t392S Nec Jotuy Depi of IS -US Dept of Educ otoon 84 080 Non icnry Dept of 815 4.322 4.322 MSDII -US Dept ofEdocaiton 04.000 2(000110 382 38 1 Untvornoy ofCA - US Dept of Educoiion 84 Untscritt0 ofCA NWP 68060S20 21906 2t906 Univeriiiy oICA - US Dept offdocavon 84000 NW? 0006052 I 500 608 Edocaiiottol Dot Ct tic - US Depi of Ediocitiun 84000 Educational Dcv Cu tic . 20390 20790 Ccnicr for Civic Ed - US Dopi of Eulocaiaoo 84.1000 INTI-5717MS tt,704 I t.7f4 MDRS - US Dept of Eulucatton 84.000 06-331-11(09-031 26,094 21694 MDRS - US Dept of iicncatioti 04.000 00-331-0000-o05 8,709 8, 70 9 Wobstot Co SD - US Dopi of Education 84.000 09010345 12,911 ]29t I MSDI3 - US DepiofEducotoar 04003 2WOOtTO 0,257 8257 MDRS - US Depi of Educator 04060 09-33t-7000402 306,317 108317 ANurdocu P50 -US Dopi of Educolioo 04000 09020211 13.132 I 1.132 Poniotre CS - US Dopi of Ediocotion 84.800 09010019 tt,321 13124 Iotnnutdos Coon5 SD - US Dept of Ediucotoo 84.000 09020215 2h930 71931 Siatlcnlle SD - US Dopi of Edocatioo 84003 0030300 3,980 It 908 DoSoto County SD - US Dept of Eujixotion 04.000 00050338 7,t91 7,193 Calfiouo oooiy SD - US Depi of Edocaooi 04000 (9040420 4.905 14,909 toolotoc County SD - US Dept of Educoitot 84000 09020514 11426 I i_lie Choctaw Courty SD - US Dept olEdocotion 84.000 09020255 23,140 21340 Aberdeen SD - US Dept of [docott,ao, 01 000 89(t0029 to_Its 13,115 Aterdeon PSD -US Depi olEducotuon 84 000 09(110018 3 3.112 13132 PouoCroiP2-USDeosAba.x 8402*7 903.3331 4 791 coCc.a3 P50 US DoplAEducaiotn 84861) 0010332 3,30) 3.313 RthnCauivSC-USDejxofEcozv 0’04 0*14244 7177 El. Lr Rotaitid Ed Aoocc - S De: ci 84&’2 39030452 5,009 5069 )AZE-USDeptcfEãoen 04006 n-106t000 ia440 ii .4 4 3 Cr6sCiu:cEd -US Dept ci Edtxiaior’ (4 Qi30KOIf640i 0DM, .075 i035 -191 - State of Mississippi Institutions of Higher Learning Schedule of Expenditures of Federal Awards For the Year Ended June 30, 2009 Fednral CFDA Pann4hrougln Enti Total Fodenmi Federal Grantorl?anslinrou9h Grmntoi1Program or Cluster Title Number Ident8ying Number Eopendoures ASU 051) JSU IIISU MUW MVSU UM UMMG 053.3 HL Board MCVS 1111 061 16906 - US Dops ofEducuiion 84010 11508119900 132,05 0 132,653 Loinar Courty Schools - U S Deponinient of Education 64090 14,137 14,137 MS Depannriont of Rehobiliioiioii Senicco - U S Depanmont of Education 840)0 990 999 Petal School Dinmci - U S Dinparunent of bducaiior 84 GM00iJ529 (t 2,953) (II .9 13 MS Depunnioni of Edoconion - Migrant Edocatisa Progrnuo 84.502 o7tloIEA69OflyhoS586l (167,743) (167,743) MS Dcpororieni ofEdocoiion - Migratti Educators Pengrom 84.1)02 08/3203 SAOO/8239160056i00 I 9,217 3,217 Petal School Dinonci - U S Deparuotent of Education 84)10 GMI)01266 32,398 52,398 Sooiitorei-Regonnal Educ. Seraico A5oncy - U.S Dopofinrent of Educanor 84011 S-RESA-GMOOI77S 6,373 6,373 FL Div of Blind Servicos -Son icon for Children soil8 Ucal-bl]rdrcto 04025 00419101 FL Div ofldlind Senicon - Sen’icen furChsldnor edO Deuf-Blindoenn 84025 88100850 2,022 12,022 University ofMintiooippi - U.S Doparuiioni of Ediucaoioa 84.031 2,548 2,948 Unis’ernitp ofldinoiooppi - U S Dopartinent of Education 84.031 3.4 08 3,408 Nn Child Loll Bohiad 04031 82.424 82,424 MS IHL -Gear Up Mississippi 84031 2505-79E 1,455 1,455 MS IIIL - Mississippi Public Muosgernent 64.031 20.660 28.090 MS Dopanimout of Trorapossatinmi - Sonmier tronuponnauvo lnaniuoio 84120 20,256 20,256 MS Courci Ion 150o elopnoennal Dssabilisin - U S Depornuicios oh liculili nod Homoun Services 84126 4535-RE-Dt509-USM02 51,890 11.896 MS Dopunniont of Rohabilitation Scrncoi - US Deponnienu of Edocoluor 84126 00718703 1,093 MN Srnicet for she Blind -Rehobilitanion Serv’tcco Vucanoital Rehabiloasior Grams 84126 66080723 30,224 30,224 MDE -Migrant Edocation Coordination Piogoano 84144 00/3 20 l/EAI9/826 9/B 05 40102 51,741 51,741 MDE - Migrant Education Coordisiotion Poopraoo 84144 09020 l/EA0918239/BOS600l 227,554 227,664 MO Rchab Services for Blrnd-Rohabilituuor Sen coo lrdepesdcnt Living Sernicon for 84177 MO Rohob Sero’icon for Blind 4.212 4,212 Ofliceofhighsvay Softly - US Deparouseni of Education 84156 06-DF-4 2-2 120.244 120,144 Mussionippi Depatoniers of Education - U S. Deporsrent of Education 84181 3,75’ 3,75’ Mioinotppi Souse Dopounoont of Heal/n - U S Deparnoeni afEdocutiun 84181 00,298 18,2 90 MS DOH-US 000D 84181 820 -2 6 P 72,393 72, 89 3 MSDepiafHoolth 04185 N/A 1,064 1,664 0131cc of Highway Safety - U S Drporonont of Education 04106 07-Df4 12-I 26,198 20,150 Office of Highway Safety . U S tkpuinurent of Edocatton 04. 186 08-Dy4 2-I 64.978 64 .976 NCEE - Fend for the lniproreoent of Education 04255 TT-07 02746 11,992 11,992 Lauuao County Schoolu - US Depurtnsent ofEdocanon 84215 GM0029017 9,333 9,333 Petal School Ditooct - U S Deparonient of Esiocutiun 84.215 GM000158 494 494 Soondpnnt Media Corset. Inc - U S Deparnoont of Edocauoo 84.215 092/0 3033 370 370 MDRS - Staie Giants forAsuiuure teclnsolagy 34.2 24 02-331-1899-010 7,472 17.472 SIDES Stoic Grants for Antuonve Technology 84224 09-331-1809-010 12,517 12,517 Hardin County SD. National Early lolenvonson Scholarship and Partticrnlop 84. 272 06121108 43 t 431 Michael Cohen Groop-Rrady-To-Leoin Teleutoton 84295 U295 A0 50094 12,944 12,944 Coip Pobluc Bwadcausng -Retdy-To-Leaon tolesntion 84. 295 11196 06, 208 86,200 Staokville Sob Dint - Challenge Gusto foo Technology in Edecotton 84303 Siantillo Sch Dint CREAm 2,604 2,6414 Sooth Pole SD-Challeoge Grusis for Technology in Education 64303 South FSOurSDCREATh 1,850 ‘‘OSO Soith Pike SD - Challengo Grarto for Technology an Education 84 .3 03 9020254 22,300 22,398 MDE -Education trelniology Stab Groans 84318 07320t RAGS 08264540-03 434,406 484,406 Mtuuiunippi Depainuiesit of Eduraunsi - U S. Dcpnotnent of Educution 84. 322 49-775 4 9.779 - 192- State of Mississippi Institutions of Higher Learning Schedule of Expenditures of Federa’ Awards For the Year Ended June 30, 2009 Federal CFDA Pass-through EntiIy Total Federal Federal GoantorlPsas’dirou9h Graintur/Program or Cluster Tote Number Iderithying Number Espeodhurea ASU DSU JSU MSU MUW MVSU UN UMMC USM lOlL Board MCVS Mtoaiaaipfi Uepatmnetnr ol Edrcaitott L’S Doporrincnr of Education 84323 39,442 39j482 Mississippi Depasonnont of Edauattoo -US Deportment of Macalias 04323 400,925 406. 925 Miotoippi Stale Depnnnarnr of[iealth -US Dopamitent ofodeulth and llamas Servrcei 84323 58,660 50,068 OIL USDE 04. 334 440 23,055 23,055 MS 04L I1SDE 04 334 P3345088814.01 22,880 22,883 MS JUL - Law Erforconeni Pond Character t)ouelrpoent 04334 26690460 16,745 10,745 Univ of l.nornuna Mooroc - JSU Teach Delia Region Projoct 04350 4 63 .366 463,366 Reading In fandanonial. lore - US IPoparorroot of Education 1415? BOJ8 23,361 23,361 MS Depnansrert of Edacanon - MSP MAST 84306 043101 EA00464 I 603] 7,239 7,230 MS 80parnreiii of Edocannn - Matlieoanca and Sctciico Pamicrilap 04.306 0 5320 lOB 24464 10A08 ‘0 I 7-575 7.575 MS Doparunent of Edocason - Math and Scionco Paonreinhip Clan 04 366 0632088B254641EA08-0t (1.2171 (0,217) MS Depamneol of Macanon - Madiernarica aod Sconce Parworahap 04 366 073240EA088816464ml 777,646 777.646 MS JUL-Title Ill NCLB Snianrrr nitrate 04367 63,402 63,662 MS IlL - Rrdeo1pa Of Teocher Preparanon 0436? 1,787 2,787 MS ML - NCLB Title II Soainner bnaiaio Grant 04 367 53078 08002 LA 25289 2 5,289 Ooard of Tranioon of lOll, - U S Dopaninoni of Education 04367 2408-4930 70,424 70,124 Board of Trooaiceo of ML - U S Dopamnonta of Macanon 84167 2409-I 400 35,74 8 35,748 Board of Tnaaieoo of JUL - U S Dcpaonoenl of Education 84367 2849-J4IE 12.924 12,924 JUL - Jnwoonng Teacher Quality Sute Gusts (A) 84 367 1400-1350 54 .62 5 54,025 JUL-bnaprnving Teaolcr Qnality State Grants (A) 84 367 2847-6770 (043) (143) JUL - lniproanng Teachet Qautoy Slate Mono (A) 04367 1846-8800 - 42.322 42,322 JUL - ltnpronnrig TetcherQrtaloy Stare Gums (Al 84167 20684870 4 7. 697 47,697 tOIL/USGS 84367 2088-0020 106,144 106,114 ML USD0 04.367 5367808402JA 864 864 MDI3C-USDE 84368 07-320J.42 I 3-l5874-EAOO4JO I 44,155 44,155 University ofCA - National Writing Ptnlart 84.918A 02038241 NW? 16, 104 16.164 Uarvoraoy nfCA-Jsetkey- Natinnal Wntrrg Project 84.928A 2038241 4,232 4,232 Unianeatty ofCalrloTna -National Wrttarg Pooject 84 928A 92-MOO) 18,276 18.270 Univetttty afCalrforora - Narionar Writing Project 84 .92 OA Untwtsity nfCalifomts Wtitnig Project 2 0.5 54 29, 559 Conter for Civic Ed -Dane Education 84.929A OX 07-08 5802 I MS 2,389 2,389 Cctiter Inn Civic Ed ‘Civic Edocation 84 929A CCO7-48 5844 WA 1,861 1,061 Center Mr Civic Ed - Notional Wrroig Project 81 919A CCO7-OO 5005MS 6,720 6,720 Center far Civic Ed - National Wrrtroi Project 84 329A ft08479 5804M5 12,710 12,718 Center for Civic Ed -Mandrel Wrung Prrject 04929A CCO 0-0 9 5 80 I MS 27,455 27,455 Cenler for Ctv]c Ed - National Wntung Project 84 .92 9A OX88-09 500/MS 5,332 5,332 MS Board DC- Rerredial Edacaiioo 04 a*oaenn 20,695 20,605 MS Board CX -2408 l4eruodual Edacatoir 84 atnan 90.840 94,840 Subional Paon-iturooglu Progranna 4,721.478 358,9% L990,2&9 - 82,424 270,976 - 1,410,819 - Total U.S DepannuenialEsjacaaon 41,815,258 4,506,199 - 14,182,001 3,41 4.448 - 5,910,974 1,461,559 - 11040,205 5,239,592 - 193 - State of Mississippi Institutions of Higher Learning Schedule of Expenditures of Federal Awards For the Year Ended June 30, 2009 Federal CFDA Paaslhraugh Entity Total Federal Federal GiantarlPaaa-lhroagtn GralatnisProgram or Cluntar Title Number Idelatilying Number Expenditures ASU DSU JSU MSU MUW MVSU UN UMMC USIA IHL Board MCVS U S Depatartinni of health and Human Services S Dept if Health & Himaan Sen’IceslConariLtniaten Etnltoaenng heath 93909 187,8t4 187,814 Maienial and Child Health Fedetal Cotinnltdated Programs 93.110 S7,108 57,168 Comrnentlv Pregnant to Improve Minority Health Grant Program 93137 4,858,243 4,858,143 Cosrrdtnated Services anal Accuse to Research Ion Werner Infants Children Youth 93. 153 5 2 .456 512,456 Noising Werliorce Daveistry 93178 332,123 312.123 Research on Heslahcaio Costa, Quality and Oeieomes 93. 216 290.226 200,226 Snbnaance Abate and Mental Health Senvices Projectuofkegotnal and Natonal Significance (B) 91243 90,246 31,287 64,959 HRSA - Advanced Education Noising Grants 93247 126,578 126,578 Noise Faculty Lana Program (NFL?) 93.264 21.648 21,648 Dnnag free Catmnranttieu Suppon Program Grants 93276 96,839 96,839 Center dr Disease Cancel and Prrvenniea lrveeiganienn and Techarical Asnigance 93283 928.081 828,081 Minority Hnnlth & Health Dtapanaes Reneoich 93307 217 .63 9 217,639 Adranced Ednesnan Neon Tratneenlopa 91358 105,707 56,714 54,993 Neon Practice, Educananti and Reirnitan Grants 93359 l,2S2,883 507,321 745,562 Ruminant Fend Baa Soppor Frojrct (I)) 93449 216269 216,269 Head Sean 91.608 213,275 73,830 119,485 Deselaperercal Dinalailotes Pto1arat afNaitenal Significance 93631 146,423 146,421 Univnrntiy Cnnaenn Ian Excellence a Deneleprirniol Dinabililien Edncataett, Rematch 93632 504,511 504,511 Ceneern ad, Medicare and Medicaid Sernces (CMS) Research, Deniennonitonn and Eualaaliann 93779 115,870 115,870 Dante I Cane Arcs Health Education Cetiters 93824 811,776 814,776 Enhancing A.tincm Ajnencnn Cornninniaten 93837 26,155 26.155 Biomedical Research & Research Traaniiig 93859 (20,707) (20,707) Child Heoalila and Human Development Esleneanaral Research 91865 38,855 38,855 Grants far [raining in Pnrsey Care Medicine and Deaaarry 93904 231,309 231,309 Medical Labnnnnr Annaniance 93 .879 6,566 6,566 Health Care and Other Facilities 93 .887 158,186 150,186 Family and Ceernunaty Violence l’reeeaaan Program 93918 243,582 243,502 S Drpi efHaalth & Human Seevices’I’enm Sagan Free Prcecl 93.912 17,332 7,332 Genies to Fnnvide Oaipaaena Early laiei’venaaan Servocex roth Respect to HIV Disease 93918 597,184 591,184 RoanValitie FIIVIAaDS Denial Reimbnrnemonrlcoarananiiy BaaedDenaal Panneinhap 93924 338,875 138, 875 Brndgen to Baccalsareate 93960 (Stat) (S,188) Subtotal Dared Programs 12,S3 8,863 291,509 205,146 243,070 245,556 ‘ - 150,186 8,865,516 2,533.860 Pam-through Program Front MEaNS -Dept of Health and llaiaan Sersecea 93 4546-RE-D1Y28-9ISU 23,982 23,982 MS Cnaa. an Den Danahiletea - US Dept ofHealth and Haaniaa Senuicen 93 MS Caan an Den Daaabiliaaes-SAPE-T (37) (37) MS Generate Office - US Dept afllealth sad Hanian Services 93.900 07090801 3,019 3,019 MS lead Sian ‘US Dept of Health and Huanan Service 91r Vl55917G 61690 14,412 14,412 Uniuenniay elMassiannaypi Medical Cenrer-US Depananeni efHealrh and Hnoasa Semiceo 93 hStO’1434 53,218 53,218 Mirnisnippi State Department of Health ‘US Depnnaeaaii of Health and Human Services 93 12,031 12,831 Iehoinnppi Deparanena efMenaal Health ‘US [)eparnaienaofHealdi mad Hnnian Sensucen 93. 4535’RE-DDO9-USMI2 22,474 21.174 Manisnippi State Deparoneni of Health ‘US Department of Health and Human Seivicen 93 2Wd92LX 4,5th 4,546 Masnannippi State Depa nieni ofalealih’US Depaatnenn ofHenlth and Human Sereteun 93 t 162 162 - 194 - State of Mississippi Institutions of Higher Learning Schedule of Expenditures of Federal Awards For the Year Ended June 30, 2009 Federal CFDA Pass-throla3ln Entity Total Federal Federal Grantta,iPaon-thnooqh GsantoriPraoraqn oi Cluster Title Number Idenlitsina Nnmbe Expenditares ASU OSU JSU MSU MUW MVSU UM UMMC USM IHL Board MCVS MS Protection end Adaococv S ectot, late - U S Depatnoert of Health and Hoatunt Services 930A 3,fAt3 3,901 PACE Headotait- US Depamnerloftlealthand llotnnan Serneco 93960 23.903 23.903 Papa Oh Lohahi U.S Departattent of Health snot Humor Sen’icoo 93960 606 15,520 15,520 U nuoeaoaov of Kentucha - US Dq unmoor of llealth and Honoan Services 93 3046059900-06-259 65 .955 65,955 Htnda County Honor Renounce Acme9 - Chtld Metrta] Ilcaith 9306’ 59 159 Minosoippo Stale Departuent of Health - US Depatitreut of HeOtlo and Hutton Sers9eca 93110 20MO 20.511 29,511 Henmphnlta ofOrergua - Maternal and Child Henlth Federal Connotodated Program 93110 SWDJ-893 29,364 29,364 Iteomplotlun ofcteergua - Material and Child Health Federal Connoludated Program 93.110 SWtXh-89l 31,177 31,177 Loooatora State Unteeraoty - AIDS Education ‘rratnung Centers 93.145 lH4Ai-tA59 331O1l 332,041 Muuotoatppu Srate Depaenona oiHealth - Coordinated Services and Acceu to Research for Wonton 93153 4mE0A 509.250 589,250 Unuaeroavof Manounouppo Medical Genies -US l26pomnent of Health and Human Senicon 93109 oSaW-04 120,491 120,451 Uronensulv ofl’enreaoec- Telehenlth Nenatorho Grotto 93211 94960 7,462 7,462 Mtnatootppu State Urtvcrntto I Delu Healtla Alliance - State Rorat Hospoul Ftesabtluty Program 93241 013200341131-0t 1,844 1,044 Mtnnroan1opo State Umveraito - State Rural Hoapuol Flexnboltty Progroto 93.241 l120032l247R2 8,994 0,944 Delta Hosltdt AIttam.o - State Rural Hospital Flesthalnoy Program 93241 UIFRHO14II 3,346,917 3,706,517 Delia Health Alliance - U.S Department ofHeutlln ard Htamna Setvucon 93.241 Project 021 2,954 2,054 Delta Health Altoance-Snate Rural tlrnputal Flexibility Pnogram 93241 Project0 II 6356) 356) Delta Health Atharco-Soato Rural Hospital Flexibility Program 93211 Ptojnctll 149,433 149,433 Delta Health Altuarce-State Rural Hoapital Flatbtltty Ptogram 93241 Project 3 610 610 DHA- State Runt Itospout Fhestl’tlhty Program 93241 Projectl3l 475,716 475,716 Delta Health lottjaave 93141 320.695 320,695 IletIth and Ltoerrcnu Asosocoocan 93243 154.601 254602 Oxford-SAMHSA-Btnc 93.143 1H79T10 9620-UI 217,233 217,233 Moreloonue Schml ofMeotactte - SIHSA 93243 4,294 4,201 MS Depanmeet ofMeotal Health - MS Underage DrooLing AlcohotIUntg 93243 7A61-3SU-SPP-SIG-3t 20,920 28,920 UMMC - Health Resotacen atad Semvicen Mmantesatton 93247 1433 1,473 Unn’xtntty ofMootootppu Medical Getter- U.S. Depamnonent of Health nod Huron Senncco 93247 0724 1-USM 48,072 40,072 MSDH - Centers ion Direane Cooteol and Prranoaoa lovestigattonn 93203 08110957 14.933 4,933 MDII-Centetn for Disease Control and Processor lmtvestugartomaa 93233 08000632 5,106 5,106 Moosunouppu Honpotal Anaecouort - US. Department ofHealdt and Huoran Servtcm 93.301 GM002572 18,153 31,153 MFGN NIH 93389 5P20RR016476-07 163 lbs MFGN - NIH 93389 WA 263 263 MS Ckpunttnenl of Heottit - lotS Prostate Cuncem Project 93399 1,592 1,592 Muaotaotppu Depatrnrcnt of Hooan Setvucco - U.S Depanmttenn of [leolt1o oad Ilanon Sen-ceo 93556 525D371A (3,3111 l3llll Muaonotppr Depanntert of Ilorant Seretcea - U.S Dnpauinaeot of Health and llamas Sonaucen 93556 525D372A 141,332 141,332 Muaataatppt Depamoeat of Hu000n Seo’otcna - U.S Deparnmtuent of Health an] Sonar Serntcen 93550 523W191 351,549 331,349 - 195- State of Mississippi Institutions of Higher Learning Schedule of Expenditures of Federal Awards For the Year Ended June 30, 2009 Fedesal CFDA Pass-through Entity Total Federal federal GrantoilPass-thiough GsanloriPiogram os Clasnar title Number Identifying Number Expenditures ASS OSId JOU MOM MUW MVSU MM MMMC MOM IlL Board MCVS 4(52649 Mississippi Osspirmeni aiHusnan Serwcen . US Depasinsesi efHealth and human Senuuces 93566 525038IA 462.649 (1,615) Mississippi ftpailaswnroihlLunnn3ervsceu - US Drpasoniurrufflealdrard HnnuanSnnscen 93575 525D361A (1,615) 82.678 Mississippi Otpananiass irfHunsan &rvsums - US Depamnienl fIIealib and Human Services 93515 525Q7481A 12,671 Mississippi Cepasnrsens ufilansan Semetu -U.S Depananient efHeaith and Human Services 93575 525Q7491N525Q740I 257,331 157,331 MDHS-Ctnld Care and Oevninpnsent 81dm Gnani 93575 52733(362 77,416 77,4)6 h08tlSarId Care and Develapr-era 01dm Giant 93375 527Q1472 I I MDHS-ChrhdCare and Develnpnrrnr nLrkGnans 93575 527Q7473 6.850 6,050 MDHS-Chdd Care and Destlspnrm BlactGranr 93575 527Q7451A 101.792 104.797 MDHS-Ctir]d Case and Ikuelssprrni nbdGrana 93575 527Q7403A 191,651 191,651 MDHS-Clrr]dCare and LSevslispsrmnr mach Grant 93575 517Q7494A 137,150 137,150 MDHS-Child Case and Develspreni Black Gins) 93575 527Q7493A 317,786 317.786 MOltS - Chdd Care and Deaelrprrers Iiusclr Gino 93575 527Q7462A 63,7)2 63.7)2 MDHS ‘Child Case and Desctnpnesi Block Grass 93575 527Q7491A 108,796 108.796 IsIS Otpassnnsentsfltnrran Son,cs -2969CCDF 93575 518Q7451A 78,102 78,102 640Mb ‘ 1uelepanrenraI Druabilirses Basic Sap3xun and Advrrcacy 93630 4540-TR’DiXS-MSU 17,091 17.098 MDtsffl . Deaniopanrenial Dasabi]sssm Basic Sapsr7 esdAdssrcucy 93630 4605Ev’TK Matrir 37,155 37155 64064)1 - Otvrlnpintnr Dnnabi[rnscr basic SraosI and Advocacy 93638 4i99.TR.D94r0SU 45,707 45,707 640604’ Otinlnpsnsenr [)ruabilsises Basic Sappni ansi Advsicac3 93630 1e015-2D-DPI9-TO1JMSU 2,339 2,339 Muussssipar &pamnrni oIMcnra] limits ‘US Otumunreira siliealihassi lunar Services 9363) 4536-ED-D1!]8’11594i2 25.111 25.1(1 ftmcMrra9adh-US tkns:.:Jiiashn66FSnna 93533 4536.ED.0)7915M2 Si.323 11.323 MsnasaççsSaakUenuocv’US 93633 0Sl9)7.36Thi-3i 4.C7 14,071 MSCciuárnu.1!uace:s,-S sc,Hssin&rcum 93630 45aCS-S-irSWDS 55108 35.086 MasapçSakDa0aieumefSrzllath-[icseknanZa3rsSESeçca.’adMnyG 93530 416 KLTmaicsey&aoMLxiscs.U5 mrajei}ks.thandHsncSavari 93s11 M-GMr475 e-,i:9; sc149 MSOtpaiirmn(Re.’ab.aacssenxes-US Otcsee;oFHOa66isnaiScnxen 93661 0).33[n4QJ.2X 171,247 151,247 -5-SxaiSa’sncesSbektga,s 93n67 52VKl 13.218 29.210 MI3HS ‘ Social Sernscres 00$ Gnarl 93 667 527VK3n3 (3.4669 93.40r( MS-sxu:Saiob1cdCaumi 93667 S27WnolA 317 37 Miss sa:nfllsr.anS-(Sanes3k’ckG:ar.r 93667 5505 1.0(9 1029 Mjaoa[amrr:eHstsnScn,crn-&.alSmces3kdG:acr 93667 526v:ol 86,566 MSDecie,fHanSenn.C,nrn Ssrcnç 93th7 528V101A UresmnttMrus:ssqr9WumalcnaUS OtpansFHcia[-ZnSansmcs 93024 n507.Ol 575 5Th ttumI3çr.aUiaau’s Oetr naaKdxn ER_-ararct 93641 Rt5HI&8927 852 kf3-AotaraTncaç&,aisRescax) 93655 523Q5163 96.52! lacuna Unreennrryfunsdan -Bnsagcussthe3xroiaic 93659 R25GMth7592 P5,550 75,550 Mississippi Sure OeparrnesialHealth- Salons) Brausnan’ass Hasprul Prcpsredsuoas 93089 35UtQ 039,867 I 879,867 Otis, Flcaldr .9dIsance- Ruin] (kaIth Care Sarrsiecs Gosasieb and Rnrol Healldr Neinsonk Dnse]aprneni 93912 06408100555 41,603 43,603 DHAWtSA 93911 Ul(RH)7111 1)8,184 118,184 - 196- State of Mississippi Institutions of Higher Learning Schedule of Expenditures of Federal Awards For the Year Ended June 30, 2009 FersJ CFDA Pansdltrosgln Entity rotan Pedeimi Federal Graslon/Paas-throsgh GnnleslPrsgsam or Cluster Title kamber Identifying Nsmber Expesditores 6508 DSU 4508 11508 1111W MVSIJ UM UMMC USM IRk Bound MCVS 237 Mississippi Sine llopanoioni of lealib - Granis hi Stases los Operalimi of Offices of Rota] Health 939]) 50030P88 237 213.4 29 Mississippi Siase Doparisnesi of Healib - ill V Care Formula Grants 93917 40006At 213.429 MS Depailment el Menial sseaIih - SAPT06 B]ockGrsiil Preresoos 93 959 74134%SAPT-32-25 244.596 234 596 MOD D]II4S 93.995 206930143 2,856 2,856 5.157 istssiipo Stoic Dnliansiens of lealili - Masemol sod Child tIesIth Sinners Block Grain 93 994 2W00Rl 5,137 41,375 Mississippi Stale Depnnns of Result - Masemal sod Child IlesIth Sinners Block Graisi 93994 2O0H 41,375 llrscein,tr of Matytosid - Nisicrol Netoomlu of Lsbrancs of Medicine 93 oskssoais N01LM63S92 37,698 37.69% MS Depasmient of Human Sen-sees - hIlt IV’S Admsnsoratsam 93 65% 5285151 21.544 21.544 MS Depanmient ofHussass Sonscer - SSBG 131)0 SsanmerProroos 93 isitoossis 26,387 26,331 MS Depantoens of Menial I teals], - Melee Jackson 93 a±ossnit 1,018 lOll Sobsasal Paus4broagh Piognass I 1.845.233 5,767 517.854 2.034,905 - 583,377 408,700 65299 96% l994.647 - bid US Deparstiess of Henith sod lIwssn Sen ices 24,384.093 297,276 295 146 7sf 824 2,284.461 - 583,377 550,466 l5,l65,5l7 4128.597 Cosporas ion 1st Nssssssai and Comnsiosiir Sersscc Slain Coitsnssiimsn 94)03 l70.339 170,339 Learn and Scot ,4jsenca School mid Cosvnanii’ Based Progosos 94804 42,241 42,240 Arnemneeu5sr 94)06 1,043,169 79,880 2,960,219 169,176 C8CS . Plsaossg and Program Development Grasis 91 801 I 69. 516 10710? Incus Prone Paceks,rac - bmsm.p acid Tecii.e Ass. vice 9s9 FuGaodecs Prigrar 94311 541543 53528 L S DqHeslt&’mlinasSossceo79Sl)siaSenxeCrçe’iM 94311 1R6413 21.705 . SiSatol Deocs PrnpLTs 9.155.747 2990413 . - - - 79,6841 75743 &214.225 rsss&eeJt. ?ro0600 Erie ?mMkAsxfnLcn-CmpsfmNatadaCeu:iiz Scone 94 9 59.9095 i95Co1 MS IIIL - kmwmna Rest Maisssup 94002 051,20 52,525 MS IRk - Aunonca Reals M.smsippilkcib-IW) 94.001 12.125 52,425 MS IRk -Corposnsisn foi Nassonsi and Cormianilv Semen 94.006 7,157 7,517 136,947 MS IIIL - Cj7asostcn Ire Naiaorsai acid Cnejiev Seosce 94 38347 SVS -Ccaasu fee Noised C Csxgeus:ivScroce 94886 ,ssecnsccrs 74.276 I’d 226 MSIHL-knenccsps 946056 904 54 lb 239.5(4 134.014 MS IHL- lsarnccço 3412.338 322.838 - Aratsta Reals h5.osonatn, 948896 C9.326 4,224120 ElaanLiearn-u’ -Cinpocian ceNssssiaiaanlCsn’nroi’ Set-ceo 9430, 1.230 MVCS-.tieixy Caps 94016 (Ms 94i MVCS . I iseency Cows 94 %l% 07AC075666 4 6. 265 48,265 MVCS - Lisoracs Gasps 94%l% 074C01%017 (454) 454) I54CVS - Liseraco Cows 940153 0%AC082429 301.36 3 331,363 - . Sobsainl Pass-rhsoes]s Programs 5602j31 302,336 ‘ 122.951 636,934 - 3] 1,631 4,229.326 Told Ccoporaiion for Naissinat and C1risanorios Senice 14,758.571 392.538 499.199 111,951 636,064 - 79,880 - 489.174 4229,326 8,494,325 197- State of Mississippi Institutions of Higher Learning Schedule of Expenditures of Federal Awards For the Year Ended June 30, 2009 Federal CFDA Pass4hrouqUErt TotalFederal Federal Granloripass-Ihrougt Grnnlo®ram or Cluster T0 Number lanl8irNwnbee Eopesddares MU DSU .6U MOD MUON 0950 UOl UMOC 160 01 Board 0095 US DanIo(Iloa60nrdSumirv Schules and FaIlures, and &ocn4 homamu 97262 44)02 44)02 tC&6laai0eesIPikauVnm 97304 (2040 li01- 045 30,731910 28,153,912 Sobuind&am 20,706,212 44,302 ------22,751.917 ?s.ma Psogan From MsssupiDpstonrto1Pu8ocSale9-U.S 4panomrtolHoraliSoosse1 97100 0155421 24 24 9tpsDmtolPu8scSale -US punmmIo1HurdundSeosds 91100 .4.60(420 63,940 69,90 Msussps eroaa olPuwsc Sale9 -U.S DyhnesIuIHa.relandS.sIy 91C (496421 3)68 M.opsDimto1Pu8ocSafe9-US D97atnil9an6dSmoaos 915(0 0756421 l9]68 128,168 5lsoosps atreaol?8sSuIdy-US ffloI0laaadSmowr 97.096 53105421 161,204 161,704 F&\t7J3sa, Rdid 91092 30,429 38,425 MEMAtho 100489101 97006 [1040? 1601441 34)34 34)34 Mssusopa4ofPubla Suk S’S joomInflIom,Iuod Sutsirsto 97914 0565420 148,910 48,902 sostotrc MisuantAgcray- US DtonaflmneljejSoasaa 97216 2)04,943 1,8(4.943 BeadofTorodofIlt-US oom,iolSortolordSwirsv 97.239 13,981 15,981 MOO 14. Fbzmd Sb uge 97.239 9030? 06044]? 16,481 M3IAOFUsIA 10uMd 97.039 l6t219 3,200 S)I0 FEMAMS JUL-lurid Muspuce (Ira 91.069 6,498 3,498 D9Ca0eRurdeolUrwerreØud Morgke 91069 14,322 14)22 DUG Gsoaos kanmas Urreaserly Olasid Mthum 91039 81317 80,331 015 IlL-lurid MobaPluromgCeaal 97039 220*0765 9)00 9,400 (Ins Sm Set Don Jka±d Seoaise1 97062 71330 13)30 Slures9ps Dpnmt ci SoOth-U.S. Dqo at of [kosduad Oxuroy 97.5(1 06C5415 3,8(6 3,54 US D tc[l0enduodSocny-US amremtc1herdandSay 97060 2031-Of-MIll 807,591 107506 Mauaopps sioemI60Pluble She9 - US Doparolo(SUimduud Soocoy 97013 562(421 83)94 53)14 MSCu’rrnosoe SovelntosnSumcos-L’S D89aeikth005umruy 9109 bflKOI-2% mI,l29 214,019 MS uncgooqMqeanlAooacy-CERTFYI3 91.ualnsoom GOUT (636, (636) Ssbio4Pesgsaou Z919,391 - 3,498 8,824 - - ,632 03,680 - 1,708,049 11)17 TcuJ US ftpaent cfNsaroleod Soomly 23.115,603 41,302 3.498 8,824 - 26,652 83430 - 1,788,649 80,337 22351,910 Unburerfolcrsiltgenaur. Find Rosuro 04 89uokster CreozoEecel35il 318,461 113461 Csnjsmnaor So PaUl n&*un8 11550 2)04 11,284 [kSoAaEuromeDsedcpmest 1(281 38.193 92.255 heal (Rb so Pro gr ones 164,249,020 7)13,189 1,193,214 33,001200 196243,181 501,140 8)11891 27,638,189 144(1,165 39,811,894 9,559,175 29,24G31 Total KeosdEurse nfFalorol Atards 0255,235,1(2 549,562,182 525,323,135 $234,839,368 $181,141,118 816,009425 W,192,578 $116,491,677 168,196,441 S141,330,686 $9,831,875 829,246,238 - 198 - the with financial The financial The exceptions: as Learning. resources Organizations. Federal NOTE applicable, • • IHL schedule the accompanying I financial (CFDA institutions have statements For students, federal 2009, Student balances For For (CFDA System’s requirements programs — assistance assistance measurement BASIS Federal purposes purposes purposes not are was used #84.032) #84.038) expenditures. Loan been statements, financial State and presented nor OF prepared and/or included financial since by Schedule of passed Program programs of the of of PRESENTATION the eliminated. the this this 0MB the and focus are the allowance statements. the IHL of outstanding schedule, in using assistance in schedule, schedule, presented Health through federal of but These Circular the System (CFDA Mississippi loans Note and administered Expenditures Notes the as accompanying the 5 Profession for loans government. are an same #84.268) pass-through to in A-i other The accrual loans loans loan received as uncollectible the the to increase made 33, information federal are basis preparation Schedule financial government balance - Audits advanced made of by 199- basis not and/or Student Federal and directly Institutions schedule of the expenditures. reported in federal to accounting of of amounts statements. subsequently notes State is the in students States, accounting, of from Loans of Awards this from included For agencies Federal its programs are Expenditures as of financial receivables. schedule the federal the Local for (CFDA accounted expenditures and Mississippi under presents Federal Family Neither the Year in which significant is of collected Governments, or statements the agencies loan included is #93.342) the grants Higher presented Ended Education is IHL the the for Perkins William The programs described Institutions of on using activity between accounting funds by System’s Federal as on the outstanding are with June private well Loan D. and in Loan the Learning the IHL presented advanced the of accordance at Ford in institutions as Non-profit economic schedule. of all 30, System’s Awards June Note following Program Program financial policies, lending federal federal Higher Direct 2009 loan ito 30, as to State of Mississippi Institutions of Higher Learning Notes to Schedule of Expenditures of Federal Awards For the Year Ended June 30, 2009 NOTE 2—SUBRECIPIENT PAYMENTS 0MB Circular A-133 requires the Schedule of Expenditures of Federal Awards to include, to the extent practical, disclosure of the total amount provided to subrecipients from each Federal program. Majorprogram expenditures presented in the schedule account for approximately 92% of the total Federal expenditures for the IHLSystem. Provided below is the amount of major program awards provided to subrecipients during the year ended June 30, 2009: Amount CFDA Provided to Number Grant Program Subrecipients 10.574 Team NutritionGrants $ 60,101 11.617 Congressionally-Identified Projects - 16.738 Edward Byrne MemorialState and Local Law Enforcement Assistance Grant 381,294 20106 AirportImprovement Program - 47.076 Education and Human Resources 74,239 84.031 Higher Education - InstitutionalAid - 84.116 Fund for the Improvement of Post Secondary Education 19,897 84.334 Gear-Up 819,291 84.938 Hurricane Education Recovery Assistance - 93.137 Community Programs to Improve MinorityHealth Grant Programs 1,611,012 93.241 Delta Health Initiative- Rural Hospital FlexibilityProgram 210,954 94.006 Americorps 675,911 97.084 Disaster Case Management Pilot Program Student Financial Aid Cluster - Research and Development Cluster 27,789,276 $ 31,641,975 - 200 - Reports on Internal Control and Compliance (THIS PAGE LEFT BLANKINTENTIONALLY) -202 - C A R R CarrR,qs&nanULC RIGGS & 282Co,rlerce ParkDrive INGRAM R,dgelara, Miss:ssinp,39157 MaiInq Adaress: O Six 2418 Ridgeland,Mississippi391582418 (60fl853-7050 (601)853-9331(fax) weAveriopa.com INDEPENDENT AUDITORS REPORT ON INTERNAL CONTROL OVER FINANCIAL REPORTING AND ON COMPLIANCE AND OTHER MATTERS BASED ON AN AUDIT OF THE FINANCIALSTATEMENTS PERFORMED IN ACCORDANCE WITH GOVERNMENT AUDITING STANDARDS Board of Trustees of the State Institutions of Higher Learning 3825 Ridgewood Road Jackson, MS 39211-6463 We have audited the financial statements of the business-type activities and the aggregate discretely presented component units of the State of Mississippi Institutions of Higher Learning (the IHLSystem), a component unit of the State of Mississippi, as of and for the year ended June 30, 2009 which collectively comprise the IHLSystem’s basic financial statements as listed inthe table of contents and have issued our report thereon dated December 15, 2009. We did not audit the financial statements and schedules of: the University of Mississippi Medical Center Educational Building Corporation, a component unit of the University of Mississippi Medical Center, which statements reflect total assets of $140,851,186 as of June 30,2009, and total revenues of $4,885,343 for the year then ended; the University of Mississippi Educational Building Corporation, a component unit of the University of Mississippi, which statements reflect total assets of $152,002,987 as of June 30, 2009, and total revenues of $5,562,430 for the year then ended; the University of Mississippi Medical Center Tort Claims Fund, which statements reflect total assets of $28250872 as of June 30, 2009, and total revenues of $1,488,134 for the year then ended; the State Institutions of Higher Learning Self-Insured Workers’ Compensation Program, which statements reflect total assets of $11423030 as of June 30, 2009! and total revenues of $7540196 for the year then ended; the State Institutions of Higher Learning Tort LiabilityFund, which statements reflect total assets of $10,182,667 as of June 30, 2009, and total revenues of $3,1 25,478 for the year then ended; and the discretely presented component units consisting of the Mississippi State University Foundation, Inc., the University of Mississippi Foundation and the University of Southern Mississippi Foundation, which represent 100% of the assets and revenues of the discretely presented component units. -203- Auditing As that express deficiencies A compliance instances material costs the A laws, Compliance the are there not questioned employees, the Our results consider control more misstatements report on on of furnished audited reporting and with In matters Comptroller Internal applicable Those entities, control planning material the part the the first free be IHL significant consideration might discretely auditing regulations: is than are financial financial other prevented effectiveness of in deficiencies, financial paragraph System’s more effect in of that such is Control Standards. deficiency the more obtaining as material of be accordance to based material inconsequential weakness and costs to with that General a and in are noncompliance auditors’ significant than us. deficiencies an standards on basis presented deficiencies than financial on data the statements, performing Over opinion. are reported those the Other statements solely This internal or to contracts of a weaknesses. a of reasonable misstatement, normal exists for a remote detected be timely reliably that also determination internal this of of remote Financial testing report, is with designing on Matters provisions significant the deficiencies the adversely section audits generally a The considered component control on when the described basis. significant our GovernmentAuditirzg and IHL described course will likelihood but United in control or separately were likelihood results insofar by of reports accordance assurance audit, other not System’s grant not Reporting the contained internal the overfinancial and A our we deficiencies was of affects for accepted audited States. of significant be design over and, of financial entity’s to as would in we units agreements, of auditing matters that performed in deficiency, the performing our prevented be that not Section the it by considered control the financial about accordingly, internal relates a the purpose material tests with audited those or an The other not a in by misstatement internal accompanying statement in material - operation that entity’s procedures deficiency reporting. objective 204 in Government other necessarily generally whether and financial the 2 over tests to auditors. Standards. auditors. internal control reporting or of noncompliance or their are by weaknesses. of - the the the United control. detected the combination expressing auditors ability other financial would misstatement required of amounts. amounts reports of the assigned IHL of Accordingly: statements accompanying accepted over its is control for of a We identify was auditors, our to IHL a States control System’s compliance the This schedule not Auditing the control initiate, financial by whose conducted of reporting to audit System’s for entity’s necessarily purpose However, included an over report However, other with the functions, be all of the accounting of does opinion of and as deficiency. deficiencies and, entity’s significant authorize, we reported which internal America financial reports of limited the Standards, auditors reporting. does described financial with schedule not basic do or schedules findings of for our financial accordingly, we providing compliance could expressing on not disclose allow not to the internal certain purpose control audit thereon believe financial principles under the did reporting. and express record, prevent or include deficiencies, statements above in have and above, management not of effectiveness combination statements issued internal of in the an provisions all over findings control. Government disclose that described the accordance questioned a statements process, have our we opinion significant an the mentioned standards and direct or such were financial blended none opinion opinion do control by results detect that other been that that and and any We not will the not on of of or or of of in is December the This parties. Ridgeland, entities dated We The accordingly, auditee’s Legislature, noted IHL report December and However, System’s corrective certain is 15, Mississippi we is intended 2009 not entities express 15, matters responses this intended ljr&am action 2009. solely report with no that opinion accreditation for plan to to is we be the the a LL matter section. and reported findings information on them. should of overview, public identified to We -205- management and not did record be use federal in not used of our the and audit audit by awarding of IHL its anyone the the are System distribution IHL IHL described agencies other System management, System’s is than in not in and the a these limited. responses separate accompanying pass-through members specified letter and, of (THIS PAGE LEFT BLANKINTENTIONALLY) -206- Audits Auditing test the We whether those We direct and the applicable Jackson, However, such Questioned Board INDEPENDENT above in programs Compliance Questioned Budget System) provides Circular Our 3825 In our the United conducted have basis, responsibility ON HL COMPLIANCE EACH which other Ridgewood and opinion, requirements of that of Summary (0MB) A-133 System’s noncompliance COMPLIANCE Standards, with a Trustees audited MS States, for material to the States procedures evidence reasonable are MAJOR Costs. are Costs. each the the 39211-6463 CircularA-133 results our the applicable require RIGGS C INGRAM year AUDITOR’S types described the of is Local Road of A compliance of of audit IHL effect Compliance to America; R issued IN FEDERAL about Auditor’s its that compliance the ended & express R of basis as that of System ACCORDANCE with major of Governments WITH State on compliance our we to are compliance the by we the each a for June in considered Compliance the federal auditing REPORT the required major an Results IHL Institutions REQUIREMENTS with plan complied, types our PROGRAM Section with standards of Comptroller opinion of 30, System’s the opinion. those and federal its programs the requirements of 2009. and in procedures State section to major compliance WITH necessary accordance perform requirements Supplement 3 on in be of requirements. Non-Profit applicable The of AND Our all program the compliance of Higher -207 General reported federal 0MB is material the Mississippi of IHL audit IHL the the INTERNAL APPLICABLE the described - requirements disclosed in accompanying System’s System’s responsibility Learning CIRCULAR with occurred. programs audit that the of does to Organizations. accompanying of in respects, the financial with circumstances. auditing are accordance laws, to Institutions United not in applicable those obtain CONTROL major compliance instances the for An provide regulations, referred TO A-133 of audits with standards States; the U.S. audit the requirements federal Schedule reasonable Those the of year Schedule with IHL Office to contained a includes to Higher We of and OVER requirements legal each based System’s above programs ended 0MB noncompliance contracts generally standards believe 0MB of of determination of Learning Management assurance of on that examining, its and Circular June in CircularA-133, Findings management. Findings our major that Government are could accepted and performing wWW.C Mailiig 1601 Ridgeland. 282 Cart P0 Ridgeland, 601) referred and 30, audit. identified our CDmmrce Box (the Riggs 853-9331 853-1050 federal A-133 have grants ricpa Address: about 2009. 2418 0MB audit on with & and Mssssipp Mississippi and and IHL con, Ingram, on (fax) to in Park a a Drive LLC 39151 39158-2418 We A findings entities The March This accompanying A parties. management results all effectiveness Legislature, inconsequential noncompliance operation effectiveness responses ability expressing effect The Ridgeland, control. requirement accompanying control compliance performing applicable internal System’s Internal material control the noted management report IHL on to 12, in and However, deficiency, We Control deficiencies and control a administer internal more System’s deficiency 2010 certain of weakness major to Mississippi and, an is entities is did their requirement questioned of of of a of federal intended not opinion than Schedule the control auditee’s internal Over not the with a accordingly, will federal over control this other assigned intended federal of IHL consider or IHL with responses a not a a in Compliance the programs. is report in remote compliance combination type federal on System solely control an does matters System’s a be program over accreditation costs internal IHL of significant corrective of compliance program entity’s to prevented of is a functions, Findings any we compliance not System for be likelihood federal a compliance over program in to and L.LC to matter In of express and in a the internal allow be control with internal separate the compliance. the order planning will of immaterial deficiency, action material information should is and overview, or program but control of deficiencies findings requirements to management not that such responsible detected to with control public no Questioned not over requirement prevent control determine -208- plan letter be material and not opinion requirements weaknesses. that for deficiencies, instances on prevented record Accordingly, or over federal compliance be identified and section. dated performing the by there over combination a used described or for timely of on the noncompliance compliance. use purpose our or and Costs detect March of compliance laws, establishing awarding them. is of entity’s employees, by auditing We of a or more its in that noncompliance basis. anyone that federal we the our to described detected distribution regulations, our 12, in did noncompliance of could of do be the internal IHL than adversely audit, expressing 2010. procedures agencies significant A audit not not significant accompanying other program exists significant and System, with have in a express audit we by remote the are in control. is maintaining than a contracts the a when that considered not affects type and Section the direct normal an described deficiencies, that for members deficiencies. an these entity’s limited. with we deficiency opinion likelihood the of It-iL pass-through the opinion We is and schedule compliance reported the and more purpose a course specified design System’s 3 consider effective material internal type the entity’s of of on in grants on than that the that is the the IHL the the to or of of of of a Schedule of Findings and Questioned Costs (THIS PAGE LEFT BLANKINTENTIONALLY) -210- 4. 2. 6. Federal 8. 3. Financial 7. 5. Section 9. 1. 10. Type Auditee Type Type Any of The of Circular Material awards Prior Federal Internal Internal j. c. g. f. d. i. h. b. o. n. m. a. I. k. e. a. b. a. b. prior Circular Awards 1: dollar audit Statements AmeriCorps; Airport Congressionaliy-ldentified Team Student Community Gear-Up; Fund Higher Disaster Education Research Delta Edward Hurricane fiscal of B of Summary (see (5ee Program; audit programs: which Control auditors control auditors’ qualified A-133? programs noncompliance Significant Material Significant Material for finding(s) Health Nutrition threshold not not A-i Schedule Schedule year Education Improvement Byrne Financial Case the findings State CEDA and Education and would considered considered 33? CFDA Programs over over Improvement audit Initiative CFDA as report report of Development Memorial Management weakness(es) weakness(es) Human Grants; identified #84.334 of of reported Auditors - deficiency deficiency(ies) low-risk Aid financial used require #16.738 major finding(s) as Institutional Expenditures Expenditures #94.006 of Recovery Program; - issued issued: Cluster: to relating discussed Resources; Rural CFDA to to to State Mississippi Improve programs: Projects; of as the be be auditee? distinguish as reporting: Cluster: Pilot Secondary Hospital Results #1 (ies) on major and and material material Assistance: CFDA#20.106 Aid; required auditee to identified? identified? 0574 of of Program; compliance Minority financial Local CFDA in identified CFDA Federal Federal questioned identified CFOA program(s): Section Flexibility between Education; to weakness(es)? weakness(es)? Law -211- Schedule by #47076 Health #84.031 #11.617 CFDA CFDA prepara Awards Awards Section statements? Enforcement Institutions .315(b) for Program; cost Grant #84.938 #97.084 Type major CFDA for for a .510 of relative CFDA CFDA summary For Program; of A CFDA Findings #84.116 programs: Assistance 0MB and (a) the numbers) numbers) to #93.241 CFDA Year federal schedule of Grant and Higher #93.137 Ended Questioned Yes Yes Yes Yes Yes $ Unqualified No Unquahfied No No June 3,000000 Learning 30, Costs 2009 State of Mississippi Institutions of Higher Learning Schedule of Findings and Questioned Costs For the Year Ended June 30, 2009 Section 2: Findings Relating to the Financial Statements The deficiencies described in Section 2 were considered to be significant deficiencies in internal control over financial reporting. System Wide Significant Deficiency: FRO9-IHL-1: Capitalized Interest on Construction in Progress The IHL System describes in its summary of significant accounting policies that interest expense relating to construction is capitalized, net of interest income earned on resources set aside for construction purposes, ifmaterial. Management has maintained that capitalization of interest cost is immaterial to the financial statements of the IHL System and has historically never provided for capitalized interest. However, based upon our inquiries and review, there has been no formal analysis to evaluate the impact of not properly capitalizing construction period interest and no forecast as to the cumulative future impact as capitalized interest would result in a depreciable asset over a 40 year period. CR1has performed an analysis each year for the last three years and has estimated that the impact each year approximated a range of $1.3 millionto $1.7 million. While we concur that the overall impact annually has been immaterial, we recommend that management adopt a formalized approach to evaluate and assess the impact of construction period interest capitalization which also includes projections that on a cumulative basis the net unamortized amounts would not result in a material misstatement to the financial statements of the IHL System or to the individual financial statements of the respective institutions. FRO9-IHL-2: Presentation and Classification of Net Assets During our audit procedures, we noted that numerous institutions improperly classified their net asset classifications for reporting pursuant to GASB. As a result, significant reclassification adjustments were required for various institutions in order to properly present restricted and unrestricted net assets, as follows: o Reclassification adjustments of approximately $5,986,000 were required to correct for restricted quasi-endowments classified by Jackson State University as restricted non- expendable endowment net assets and properly present the amounts as expendable restricted net assets. o Reclassification adjustments of approximately $5,315,000 were required to correct for designated and auxiliary fund unrestricted net assets improperly classified as expendable restricted net assets by Mississippi Valley State University. o Reclassification adjustments of approximately $3849000 were required to correct for unrealized losses related to endowment investments which were improperly classified as a reduction of expendable restricted net assets by the University of Mississippi and should be presented as a reduction of non-expendable restricted net assets. o Reclassification adjustments of approximately $85,500,000 were required to correct for designated unrestricted net assets that were improperly classified as expendable restricted net assets and as restricted cash by the University of Mississippi Medical Center. -212- training To Alcorn differences establish Institutional Jackson During addition FRO9-ASU-1: should differences ledger FRO9-JSU-1: Management We required statement and During and University responsible more edger strengthen o o o recommend recorciliation a periodic lack control classification restricted Reclassification include control The The receivable adjustment cumulative approximately deferred our present our State relative of corrective a State (JSU), line competed of formalized are audit between grants review Campus grants person should a University accounts Grants basis. Recordkeeping item. the a accounts the formal timely to University that revenues formalized we expendable procedures of the and State and differences internal deferred misstatements: and and of independent accounts noted management adopt of Our Significant the This Receivable proper projects researched policy $2,142,000 analysis adjust approximately contracts restricted are adjustments testing contracts capital testing resulting against reconciliation that administrative reconciled controls of review revenue by presentation accounts net receivable at to from certain and classification Mississippi of of Deficiencies: asset Alcorn and of receivable the assets non-expendable the and receivable develop Capital the was of the in prior review over of depreciation audit liabilities. the financial $1,274,000 to grant general corrected. detail validity to approximately reconciliation State required approach the by balances years control financial status their and Assets procedures a of the accounts reported detail more type, and reported the Schedule -213- University, of proper classification line which ledger IHL of procedures general to depreciation accounts to records subsidiary formalized Further, was Institutions endowment should methodology reporting, item. construction Executive the gross by process receivables had $16705000 balance. adjustments detected by recorded JSU underlying As ledger of be we JSU not once For these up receivable a of to ledgers were approach Findings performed we noted result as Board. been ensure subsidiary net accounts net the were a of in the accounts evidenced were recommend administrative project to understated progress development supporting assets assets were Year corrected. followin9 a of on that reduce of overstated reclassification that misstated which a reported approximately and monthly required monthly there Higher receivables is for Ended records inaccurately comprising the placed projects by includes grants Questioned GASS detail misstatements that capital their due As were control and as and due by basis to June and the a in a information to signature. Jackson reporting. result correct group and and Learning result reviewed service. irreconcilable adjustment to asset accountability the and this $3,843,000. IHL and reported the procedures errors 30, the netting contracts financial of an properly that support general System general Costs for timely which 2009 errors State audit by on and any the as of of a a financial information classifications. Mississippi GASS significant required numerous revenues, resulted During During FRQ9-MVSU-2: FROS-MVSU-1: o o o o our our We the the The capitalized adjustment cost We approximately the basis charged $5,558,000. has $10,406,000. cost and recorded Building. period. represented recorded and MVSU until financial in statement to expenses accounts audit deficiency corrective audit renovation fact repair noted detected security renovation grouped rather prior the properly incurred approximately Valley of has We equipment the relating to procedures Recordkeeping Financial MVSU procedures these year This until that and statements expensed until State contractual line incurred building. noted equipment was State that for to a and cut-off state or 2009. MVSU financial one resulted building renovation of $32,000 cost costs 2010 items repair significant financial should invoice potential the were other required over significant University Statement additions the $645,000 on of relative Magnolia errors relative significant did Further to that As repair reported the was by the services from $123,000 statements not current classification on changes develop is Mississippi that not of approximated line of of misstatements building paid. personnel basis campus originally June grouped relating betterment the to to impair cost Capital a to we are institutional was item and Hall lack in capital Classification the year properly building. cost expense that identified 30, not a Mississippi in as in dormitory. presentation exceeds the during originally review properly formalized buildings of equipment to net expenditures completed 2009, properly. incurred additional uploaded Assets to of assets to formal the value -214- Schedule $1 assets repair to expenses to project capitalize relative ensure Management of equipment 2009 74,000. proper approximately Institutions reflected an MVSU’s its the of Valley was at constructed However, review and and serious As estimated into and the expenditures acquired for MVSU, with existing is groupings approximately for to not as capitalization uniformity correct a continues consistency building of This the Presentation and State For effective the this a this result repairs. financial of the capitalized. acquired Findings completed defects depreciation we during purchase the has misstatement aggregated project. the in completed facility University’s fair improvement $15,800,000 and in noted prior significant of upon coding continued are Year The to review value. expense and 1962. statements: 2009, of consistent. in with in $318,000 years depreciate of required detection the with and 2009 cost and renovation This the Higher equipment consistency Ended and cost the management records following over process installation (MVSU) As reclassifications basis that Sutton appears to Questioned project a classifications that has development prior and incurred expense and carrying a was $16 were of was the June been of of result and the year Administrative the to Learning approximated matters is approximately statements in Magnolia to million. incurred original not not expected of defects, of ensure the capitalized cumulative incurred result to incorrectly 30, the we fire value an properly properly account date current Costs for of which repair noted 2009 alarm were audit from cost The and Hall the the the but for to of of in file. to format this fiscal disaster. The that could changes payments transaction multiple we estimated comprehensive departmental incorrect being and building! The members place and master and identified approved master listing of reconciliation both reviewed During requirements Unauthorized FRO9-UMMC-1: During University FRO9-UMMC-2: document changes identified process approved majority the approval capitalize disaster As the year be of uploaded was our files our or file transactions, an use The management payroll to institution compromised. amounts for and in are to fair for by 2009 data audit employee made of alternative, data. not tend a was capitalization of changes of deficiencies nonexistent safety the recovery approved and and employee should safe, timely value requiring changes by Mississippi additional the hardcopy plan comprehensive changes is to and to responsible not procedures Comprehensive approval Payroll to the review This likely paid deficiencies State be and the employees of employee of fashion performed 2008 that be unauthorized lack compensation made sensitive personnel the should plan is during to payroll to the by a to listing documented process true has employees. in and detailing renovation personnel employees, of in formal the audit of responsible building. have Medical the Bureau of to should the prior effective certain personnel. at been because obtain Human the payroll employee compensation as master noted design have and timely procedures Mississippi UMMC, appropriate a and and to to evidenced review fiscal widespread all Disaster changes effectively of be ensure are any Center compensation action and an cost their a above employees reconciliation somewhat by To master and Buildings. failure Resources of personnel file. greater sufficiently (1) normally independent year we changes implementing However, information internal personnel strengthen and families incurred was any expenditures request at occurred noted period. to Because Recovery by to adjustments. a files the tested, -215- Schedule approval this or not unauthorized chance process signatures pay confidential controls for prior continuous inadequate. MVSU being University should that could detailed approved data Institutions during adjustments. that by (PAR) records Further, employees ar including internal appraisal as UMMC’s to MVSU payroll the a of Plan made present result applicable was of a of the should result PAR be around our being result of forms a of current For From to employee are with of upload the capital (e.g., prior modification, implemented controls, effect; with Findings observation responsible master to compensation enable in form Should Mississippi to ability in the who accurate. a first of develop able the respect These betterments was our management support greater capital to invalid salary/pay misinterpretation department disaster nature of in and Year payroll the priority are review to to file of discontinued changes an either management changes a forms concentrate compensation recover to and inappropriately (2) asset a data, risk data disaster effective its Higher and authorized, personnel. are Medical deletion, Ended the in formalized of master recovery and elements assertions hardcopy adjustments rates, which than Questioned any and properly were review, Sutton projects is was approval which to inquiries, on in used the DRP. errors increases Center occur June a recovery file. medical previously to during or a of a on should timely Administrative Learning plan payroll reviewed we departmental may of and captured be capitalization corruption documented or adjustments managed to of Once This helping deleted, and in the noted electronic 30, without circulated and fair we (UMMC), generate (DRP) the effective inputting result history). manner ensure Costs master from payroll review review to family noted 2009 value were used prior that and and the the by or of in in a a A to communication facility. event platform. crisis. data. conferencing information of ringing communications people contact personnel equipment UMMC. recovery UMMC’s third-party the receive that plan The Certain pagers, are Each information data, plan An the the should to so messages still should disaster advantage do and should regular that employee same assuming types cell employed are business services be emergency all State phones training. designated be and crucial of reflect employees recovery office can data developed the of should indicate also (desks, in these be those and of is should university to the Frequent unavailable. communications sent have specialist any Mississippi sending be in are same conferencing priorities. phones, the the trained be from the good at trained case has identified fastest audits a roles ability e-mails can any been minimum. PCs, DRP. Not in that Security in also his platform with of Schedule -216- to way only the services an services as regularly Internet the until call or Detailed provide Institutions employee the safeguarding crucial do to her measures plan everyone receipt Some these (phone! same reach role access), to is backing should to of UMMC For lists that send in running of workspaces is companies Findings contact them should the on not the e-mail, the individuals of of be automated up but with the disaster available, employee message UMMC’s in Year made and the they of also information. contact an alternate SMS) business. and storing Higher sign have also be Ended emergency. to can recovery systems and messages included ensure is Questioned and list and have all up confirmed. its easily workspaces the at of The data received June Multiple with vendor the access back-ups the that plan. Learning and in update back-up in Emergency same this in necessary third-party 30, an the sensitive Back-up times lines contact to on section Costs off-site in 2009 same time, need all their and any the of of of withdrawal the Section amount Program Finding from FAO9-SW-O1: System of grant attendance or institution Per Criteria funds r,otificaticn institution Questioned funds. of $189. as refund (8) During IV refund been aid proof University (15) Condition University the the period programs a students and institution federal students which result received of and institution’s within Title the from our that no attendance Type: Wide 3: of Tested: during and loan must required return testing the to of date. IV of of enrollment, at Findings the was regulations! the from Cost: the within that charges refund Mississippi: must an Mississippi but Deficiency: Cause Noncompliance! student funds Internal sample allowable disbursed determine a a institLtion of Student institution determination If $6,078 were had of State payment sample amount determine could Title the a the was must and withdrawn for 45 withdrew. (ii) of not Controls total return IV when not incorrect timeframe. Financial fifteen room day academic Questioned of be to Medical returned funds. no during of of We the period amount ninety be the returned. Title later the timeframe a of Mississippi that and identified withdrawal provided Significant (15) student early When recipient Title over amount As a or resulting IV than Aid (90) the to Center: payment board year in of Further, period funds a the for IV Return which result, student Costs a 30 Title in or funds and one in recipient which pursuant respective which of of reported days credited Deficiency for which date in of We Title IV Title period as we the (1) Schedule the -217- the Related enrollment of students and withdrew, there assistance after a certain student identified identified for return Title institution the IV Institutions result return of IV to to related improperly or program. Title aid the a was grant student the 34 a IV to student institutions who of $3,218 earned end of period refund the of Funds IV student in CFR Federal no Title For nine one an student earned or did which grant Findings had of difference evidence withdrew, inaccurate loan Further, the resulting (9) IV the not (1) Section of in from who by withdrawn on refund or unsubsidized enrollment, instances the student Awards within earlier return withdrawals, by Year the assistance loan his of a withdraws recipient the sample of we must student and or 668.22 or in was Higher assistance the a $598 amount. Ended of (iii) student identified her from an calculation or the: in be Il-IL Questioned calculated educational all overstated which (ii) behalf of of withdraws began as returned Stafford a and we (i) System without disbursed fifteen return unearned sample June is of payment one identified does Learning the 668.173. as less the attendance! of the (15) of calculation (1) incorrectly Loans to 30, failed unearned student’s providing not refund of than program the from the student Costs Title Title Title period where fifteen 2009 begin eight date Title to had the An an IV IV IV (i) of We state ten Aicorn ensure eight students) Program Finding Recommendation improperly Failure Effect Department (15) University returned $2,451 assessed agreement comparison and Per FAOS-ASU-O1: During Condition awarding period. agreement Failure Effect report Law Criteria Questioned (10) federal recommend program Enforcement students fees (8) for our to to in return State Type: students students’ within Tested: the what agency. submit return for and and assessed as testing requires of could regulations of of Cost: housing period University Southern a reports. that of actual Cause Education Noncompliance (d) should the result Internal funds Title financial #16.580 potentially that Assistance None refunds two of State Title withdrew semi-annual required ending reporting during accomplishments damages. IV of have could management (2) and These IV Mississippi: funds excluding Controls or status Edward from return students of appropriate the June been the effect result that time Grant compliance reports / calculations award Mississippi a semester Significant reports progress As amounts 30, did returned sample frame. Byrne the over in (a) at whose a 2009 sanctions implement not ACG agreement, result Alcorn funding We describe to lender in Financial Memorial the have reports of were (two accordance identified to that elements Deficiency return awarded are of fifteen objectives Title State Schedule within -218- of the was students), rendered the performed the miscalculated additional federal to the IV Institutions calculations above State Reporting University. required be (15) not status six the for programs. during institution with filed (6) submitted and the allowable & in awards by described of (c) For Local student of correctly which the no the preventive Edward other the Findings refunded course/alternative the we resulting later contractual included the semester Department is Law or pertinent the funds, timeframe. noted timely. required refunds than Year any findings, Byrne and of Enforcement calculations amount future monitoring in and one 30 the the Higher non-institutional Ended (one a obligations from Memorial information. to days net of semi-annual it Questioned resulting status submit Further, relationship was student), Education. deposited understatement a after learning sample June were Assistant discovered procedures of Learning State both the of we refunds the The computed the (b) 30, end fees identified progress of financial with charges with & project, Costs out-of- fifteen award award Grant 2009 Local of (ten that are the the the to of the the A-21 Accounting it Programs document We cognizant submit changed Finding Recommendation standards disclosed disclosed 2). submission. include The completed Jackson institution’s Criteria lntem& Recommendation Questioned resulting During FAO9-JSU-O1: Effect receive Condition is personnel implemented. reporting recommend Educational form ‘Cost the our the aggregate Type: control for in State cost federal practices and was Tested: compliance Disclosure and fiscal review noncompliance negotiated Principles Cost: other monitoring Standards requirements responsible accounting Cause Noncompliance! disclosure not procedures University year that institutions Foundation Internal agency #84031 reasons. and State None sponsored prepared are management to Statement for with F&A testing disclose changed of and Educational upon practices. for statements, — Control the reporting with cost of should relative are If Higher (NSF) Disclosures for continued the of agreements reporting meeting Mississippi applicable rates, responsible their Significant (DS-2) allowable the to change implement be Education comply to over Educational requirements cost prior Institutions” the adopted we the that the compliance requirements. accounting revision is Allowable noted Statements federal reporting costs cost totaling Deficiency with applicable describes expected for additional Schedule -219- Institutional to maintaining new accounting institutions - that Section ensure shall Institutions rules special and $25 with period or practices Jackson to the Costs threshold be modified and procedures million their have federal C. that institution’s of Aid approved requirements For must 14 nor an standards. regulations Findings — related a — reporting requires by State the or accurate Title material the rules for Special file standards, filing more Year filing and by current amendments III; cost of University and due a the educational #47076 procedures and The during related internal Disclosure impact DS-2 such Higher accounting Ended Requirements regulations cognizant dates reporting or strengthening Questioned report. and when their on to did — controls to to National June cost the Statement complying institutions not are the ensure agency Learning practices most practices are period, educational accounting DS-2 prepare in 30, to aware place Science — recently ensure Costs should before timely 2009 when Cost to (DS thus with that are its to or of We Jackson Finding that Recommendation expensed allowable accounting Program period should multiple employee Program 0MB (4) During Questioned FAO9-.JSU-02: Finding accounting Effect FAO9-UM-01 Criteria professorial reports Failure Condition In Criteria Questioned University accordance invoices recommend transactions Circular of the not of should fiscal Type: Type: State Tested: availability. Tested: a costs and at salaries performance have of non-federal principles related principles Cost: Cost: and the Internal years A-133 Mississippi University Cause Noncompliance! Noncompliance with be charged Internal that time been #16.580 #84.031 professional are None prepared State $132,214 to charged (i.e.. 0MB management guidance maintenance/service of so properly Control generally expensed entity of payment Control to fiscal prepares as Circular — Edward our a of to to Higher each federal to audit be year a over / recorded staff resulting Mississippi comply Significant accepted Significant federal until which over in academic it Byrne A-21, implement 2009 procedures, Education Schedule compliance Time salary program fiscal Period with is in award, and Memorial in Cost not and in contracts expenditures Deficiency year Deficiency the expenditures the term, the 2010) should of additional in Schedule - Institutional of Principles Effort compliance 220 general we with accordance Expenditures unless 2010. Availability United but Institutions State noted - resulting with applicable be Reporting no The alternate procedures determined ledger charged & States maintenance/service for that less charged of Aid For Local requirements amounts with in Educational Findings Jackson of — frequently questioned the federal as Title of Federal Law GAAP. arrangements to required America to Year and in a of Ill prepaid Enforcement federal federal State accordance rules and Awards internal than Higher required Institutions, Ended costs by (GAAP). University and Questioned on every program awards.. periods generally are of in controls the regulations. to June accordance $1 with Assistant agreed six be Learning invoices 32,314 after-the-fact that As prepaid outside followed GAAP. months 30, For to accepted a covered Costs ensure to, result, which Grant 2009 other were with four the the for by We submitted Award timely. that submitted elements, submitted Program Recommendation in related that Finding expenditures We ending Effect must periods. reports Effect reporting Financial National During During Criteria FAO9-UM-02 Failure Condition review Questioned Recommendation Project Failure Condition April recommend recommend certain effort be procedures, to our our Number on 2009 to to should Report The Type: Science submitted Tested: two forms, Report In submit submit and and reports within until on we July31, disbursement review standard addition, Cost: FPR for which Internal a (2) noted be Cause Cause Significant February (FPR) quarterly 0809553 the that that we the (FFR) professorial timely #47.076 Foundation and prepared are for of State None 2008 to electronically could September identified required that the the reporting the financial Award prepared is approve ensure Control by reports to University 11 University and basis University the testing was subsequently Deficiency the National be • no of 2009(1 Number or May31. General FPR time submitted that 10th less one reporting compliance within submitted effort over and professional may Mississippi 2008 of via frame. required for frequently day (1) of of of Science the certified day delay Reporting reports 120 Mississippi Mississippi quarter use 0625120 Mississippi 2009, Grant two FFR of Edward forms result within late). the seventy-nine days of (2) processing elements reports for Conditions Foundations respectively. employees in the on 2nd than end, grants Schedule in were -221 90 In the a after was Byrne a disallowed FastLane timely implement implement addition, policy month timely days monthly Institutions period are As - not quarter submitted for from Grants, of a submitted following days state manner states from submitted the following basis funding result, (NSF) ending of during a and For Financial costs. additional additional National end. sample that late. a Findings that we may sample should nineteen the the with the increments. all our the on December noted timely. time These time result grantees Year appropriate expiration of a review Science Functions. of end coincide control control of timely four and that and and days fifteen Higher of in grants From Ended effort of each (4) inaccurate time effort 31, shall basis. Questioned procedures, procedures Foundation late reporting with date were (15) a monitoring. 2008 had Further, reports quarter. and review submit June and reports one were of Learning not effort project that the the reporting or compliance should 30, submitted submitted of to a we more the were including All award. was FPR Federal four reports Costs ensure 2009 noted FFRs years Final pay not not (4) for be of (THIS PAGE LEFT BLANKINTENTIONALLY) - 222 - Auditee’s Corrective Action Plan (THIS PAGE LEFT BLANKINTENTIONALLY) - 224 - Alcorn training Anticipated Anticipated the Carolyn Alcorn responsible Name(s) assets Name(s) The Management The The development the Jerry The The formalized institutional more Management FRO9-ASU-1: Management FRO9-IHL-2: and Chris System Name(s) Chris FRO9-IHL-1: general respective their process anticipated anticipated management management Sims, formalized Halliwell, Halliwell. State for State opportunities Hinton, Wide of material of of proper approach Contact Director Contact Completion ledger for Completion Contact University will Campus of Response Response Response University Significant Recordkeeping Capitalized Presentation reconciling institutions. Director Director Controller; such completion completion include guideline GASB State impact of of monthly. Person(s) Person(s) of Person(s) to the the as an wll Inventory Significant evaluate Date: Date: flnancial of of a and needed and approach. and upon IHL IHL projections the of €nsure by University University Deficiency: Cassandra Interest date date Professional All Corrective Corrective and Corrective classification System System fixed the Mississippi Responsible Responsible Responsible differences of and of presentation of and that Classification IHL Capital Deficiencies: the the asset on assess Financial Financial available. made concurs concurs the System Lewis, corrective corrective Construction Action Action Action detail assistance accounting Assets type will on for for for the Auditee’s -225 and Director as with with Analysis Analysis a Planned: Planned: Planned: be schedules, Corrective Corrective Corrective impact and Findings cumulative a Institutions of action action reporting. researched whole - the the Net methodology will department of in of deficiency deficiency is Assets is Corrective be Accounting; or construction Progress For Action: Acton: Action: June June including Related to basis sought This the the and 30: 30, and may individual of and of and Year corrected by of the 2010. 2010. the development to the period Action include will will management depreciation net Higher Financial Ended inventory endeavor endeavor financial unamortized interest monthly. some Plan June department of Learning group Statements capitalization. — statements schedules: to to its to Section A develop develop 30, future aid amounts report support in 2009 are the net to to of 2 a a Assistant Anticipated Alcorn following: Anticipated detail Name(s) The Jackson schedule confirm Management support Name(s) The preparation Ms. Mississippi Further, Procedures Management Mississippi FRO9-MVSU-1: Sherry Business revenue FRO9-JSU-1: Joyce o o o o anticipated procedures general State Wilson, the that Grant charged not Project Monthly More detail processes and of of Vice only State and Dixon Valley reconciliation over Contact Contact of Completion Completion are expenditures Valley University receivables Response attention Response ledger Grants close-out Finance financial after information President Vice and being University completion Financial have review expended erroneously State State will receiving State expenditure Person(s) Person(s) President/Comptroller accounts implemented already Receivable be (or is statements. University of Date: has procedures Date: and and for to procedure exercised updated are of University designee). expenditures Statement on and date ensure instructed Business Corrective Corrective to appropriate a not been that Mississippi Responsible Responsible to accounts; timely end of charged will ensure will to the to that in are This put has dates include institute reconcile verifying and ensure Classification and the corrective being in classification Action Action and been activity documentation that place to Finance inventory are more for for follow Auditee’s a inactive -226- developed more completed a grants thorough populated Planned: Planned: availability Corrective Corrective grant formal will and Findings Institutions periodic action up uniformity be are department account are is accounts; and on review closely properly review is effectively will Corrective and of closed For on actions Action: basis Action: of Presentation June Related completion. be all funds; or receivable of in the monitored forwarded of restricted strengthened transactions the to 30, stated. out to the needed Year include, immediately. add maintenance of 2010. in to classification Action a balances Higher items Financial timely Ended by fund to to but the the correct posted to accounts Plan to manner. Vice controller not ensure the June to of of the Learning limited accounts Statements to — expenditures President depreciation the Section control underlying grants 30, to deferred monthly. ensure to, 2009 and and are the for 2 Anticipated Assistant A effort, The The This electronically Anticipated Anticipated further Thomas October payroll Name(s) authorization. For Management allow Name(s) reviewed, Management FRO9-MVSU-2: FRO9-UMMC-1: Ms. University formalized mass Joyce anticipated anticipated process for and software approval 2009. H. adequate of of pay Vice signed, Dixon e-mailed of Sullivan, Contact Completion Contact Completion Completion system was uploaded. Response adjustments, Response Mississippi This President completion completion Recordkeeping will State Payroll implemented and and review process be Person(s) to Person(s) pertaining Director forwarded the prepared signature, Date: Date: Date: and and for No and for of respective Medical in was date date Business changes Corrective Corrective lieu of determination Human Mississippi Responsible Responsible to and Compensation implemented to of of outlining capitalized of of then the the the adhered individual Capital Center department and will Resources appropriate corrective corrective Action Action returned all be Finance for for of expenditures Assets to Auditee’s changes -227 PAR and made expenditures for Planned: Planned: Corrective Corrective Findings Institutions action action the adhered director budget - preparation, to to mass such Human employee is is Corrective will For Action: Action: office or March March to pay Related as that be for chairman. the salary, spreadsheets adjustment Resources developed the (and are 31, 31, records Year of mass to to grant 2010. 2010. Action pay be Higher Financial These Ended pay capitalized. without source, effective and authority before for adjustment Plan maintained would upload June all and October Learning Statements changes — if appropriate needed) Section be percent to 30, effective Lawson printed, that 2009. 2009 are will for of 2 Anticipated See Management Name(s) Management include: FRO9-UMMC-2: be Charlie (ii) (i) (iv) (Hi) (v) more dates Test Enicks, c. a. Conducting Developing Evaluating Requesting b. b. a. of comprehensive for Explore Review Completion Back-up Prioritized Data Contact back-up of Response various Chief UMMC State center Comprehensive options data implementation co-location risk proposals Person(s) and and Information phases application agrees Date: analysis and and center recovery recovery and of and assessment Corrective of Mississippi for Responsible has that alternatives and recommendations corrective — Officer scope review— — complete for Disaster the established plan hot anticipated key components site Action defined for analysis systems action anticipated given for options Phase Recovery Auditee’s - 228 Planned: Corrective June an Findings by Institutions as identified — - — I evaluation action — anticipated of remediation summarized November 2010 anticipated May the Plan Corrective For Action: existing plan 2010 Related risks the — April to 2010 May efforts April above. Year disaster address of to 2010 2010 Action 2010 Higher — Financial Ended July recovery the Plan 2010 deficiencies June Learning Statements — plan Section 30, need 2009 that to 2 the the withdrawal Anticipated The for departments The FAO9-SW-01; System The student of Management Laura The Name(s) steps office Name(s) services needed Management Sam Stacey University is University as posting student process board anticipated corrective University University follows: B. in procedures Diven-Brown, 2. Mathews, 1. withdrawal Smith, the to Wide system of of charges the withdrawal ensure refunds of of process Contact Contact Completion includes are Response Response refund Mississippi Mississippi Deficiency: that student The enrollment used UMMC action Comptroller of Internal of completion that notified. State Financial Mississippi for Mississippi on that refunds. all and registrar’s Person(s) Person(s) are by Director amount manual will plan calculating the refunds. enrollment has enrollment school official determined Controls Date: correct; and and ensure The student’s status. of implemented implemented Medical Aid date was steps. of Corrective Corrective conducted University Mississippi Medical office administrators Responsible Responsible and Furthermore, Director Financial however, return of student omitted. Auditee’s over information to account. the unofficial that Center In will the this and of corrective Center Return the Action Action by of forward a a Aid withdrawal Title the financial instance, new The review Mississippi the Questioned for procedural for the The withdrawals process Corrective - and directly IV 229 financial Planned: University has Planned: Corrective student Corrective of University Institutions a aid financial action Title the of - copy aid noted the the refunds in includes registrar Medical affects office. steps IV services a employee aid of is office timely For of Action: are Action: Costs Funds that Action of aid March all office Mississippi Mississippi in and received the The office accounted financial manual procedures to Center additional the manner. system. will input 1, determined Related made Year registrar’s Plan process of will 2010. institute has steps all notifications Medical Higher aid institute an conducted Ended The — for data control installed for Section error to eligibility. are whereby and a new office that calculating Federal related review correct; Center a when June the procedures review system the a Learning a understands pertaining 3 the review new appropriate process calculating to procedural Findings 30, (UMMC) however, Awards final student process student student will 2009 of step be are the for to Anticipated Name(s) follows: The The David Management Barbara University anticipated Corrective Williamson, 4. 6. 3. 7. 5. (A) Madison, of of Contact Completion Response Southern The student’s system develop The The guidelines. enrollment future, disbursements The frame official immediately with are listed previous any The students, entries, longer UMMC by responsible re-assigned high reports adjustments. Action completion State the Bursar Director met. non-compliance “no test financial the registrar’s volume financial Person(s) for return Director on enrolled withdrawal. will will the has Plan longer of grade Date: a identification day and and Mississippi enrollment More be of the the report unofficial upload report of requested if for date of for of upon the and aid prepared The needed Corrective Financial aid fall Mississippi enrollment enrolled Title entry. Responsible are of office Return staff such previously the deadline of office that Auditee’s Student all and Office on into receipt office The reversed the IV findings withdrawal issues. will status removed as to will has a funds will Once summer that and to the of corrective will report Aid reconciliation” ensure Action daily leave be of monitor has Title date input elapsed, and of list Financial financial the Financial do mentioned will trained Questioned for will cited confirmation and Spring school Corrective - basis. will all previews assigned of for a students IV 230 consultants semesters Planned: Corrective process all the be be monthly Title Institutions the absence, students aid action returns for run change the monitored in - 45 to aid semester Aid Aid status notification. The the all calculations. IV will perform upon 45 day system will for reports, will systems is and funds will will an University For day reconciliation is be Costs Action: current Action return June deadline summer of in of be dismissal, for request received be coordinate be reviewed employee the more deadline returns. the enrollment a noncompliance run, the are the the reviewed. established. 30, status of Assistant within The to Related Year day closely Plan communications return returned new Title next of of of 2010. and and ensure of will Staff Southern return and unofficial immediate will code Higher the student of 24 to IV morning. the Ended — the weekly. calculations begin. to status This all Section approved funds Comptroller. to hours. member be review identification within ensure following Afterthe completion of that students was that Federal compared employee funds services Weekly withdrawal, Mississippi June into did Therefore, represents change the a Learning that will a all duties 3 result each not 30 the fall. is change and set Findings that 30, be deadlines Awards ineligible met. day progress of disclose process system system federal will sent month to will award in of grade 2009 In were time- is and the the the the the be no be as to in than ccmphance Accounting Standard Anticipated Management Jackson Currently Phillisa Name(s) The Alcorn Management manner. FAO9-JSU-O1: requirements Carolyn Name(s) Anticipated Management FAO9-ASU-01: office $ 25 (B) (A) Conner, (B) State Hinton, of of implemented. State million of Board Contact with Completion Contact Completion grants Standards is Response Response for University ‘with The The 2010 two the 15, the charges for assistance course/alternative making In University Associate in Internal Director the in Internal State addition, all Disclosure the 2010 return return offices federal anticipated and the anticipated the Person(s) A-i Person(s) grants. semester process changes regulations. and/or 33 contracts Date: Date: with and and and University of Controls calculations of will Control of of Vice the federal awards. Grants funds recalculations Corrective Business Corrective Disclosures All Statement meet Offices regulation Mississippi Responsible for of Responsible completion completion PresidentlComptroller to reports completing will learning Auditee’s calculation. students the rules & over to over of Contract implement and existing of ensure and Services Action and Action Financial Financial Southern will changes. for Allowable award fees date date Statements affected of for for Questioned regulations be the -231 Educational that Corrective setup current Prior P(anned: Planned: Corrective and of Corrective of procedures scheduled will adjustments. requirements Institutions the Aid no the - Further, Reporting to to the Mississippi by review set-up setup and the Costs and exclude corrective the Online as beginning For Action: prior Action: Business Costs Action change Institutions additional it as the changes to changes relates — document Accessible the any The as required term fall Special to action outlined Related Year housing 2009 in Office Plan of of Services information to include need staff for setup each institutions (CASB was and Higher compliance corrective semester Ended — Requirements Records will of to in damage Section to to academic February Financial prepared the be be are out ensure Federal DS-2) trained made by Cost June in receiving (SOAR) action and of May the Learning with charges 3 Accounting Aid 27, compliance year, due in state to process the Findings to 30, 13. Awards reporting is a — with 2010. perform ensure system to spring March timely 2010. these more 2009 Cost from new and the of Anticipated Anticipated Name(s) Management fiscal The The Elma reporting according Phillisa of Management FAO9-JSU-02: Management The Anticipated Nina spending communications Name(s) effort. The FAO9-UM-01 Management responsible University Thomas the Professor anticipated anticipated anticipated University Jones, years. Wade, Written contracts Connor, Clancy, of of deadline on to of Contact Completion Completion Contact Completion The Director generally the for Director will will Internal Response Response of Mississippi and/oral of Internal completion completion completion Director Law Office sponsored State Director each that or implement provide Mississippi requirements. provide Person(s) Person(s) of of cover Control accepted of communication effort Accounting Date: Date: Date: University Control and and of staff Grants of of Grants date date date National project. a certification multiple Corrective Corrective report is process Mississippi development Responsible Responsible over implementing accounting of and of of over Auditee’s Strategic and the the the Time that Contracts Center periods to and will Period corrective corrective corrective Contracts Action Action of identify has be and the Questioned for for on Sourcing principles. for initiated Corrective - to of additional 232 Planned: Planned: Corrective an effort Effort and Corrective not Justice service/maintenance ensure Institutions Availability action action action as - USSS been report with needed Services Reporting & is is is proper controls For the the will Action: Action: Costs Action certified. June June March will principal Rule notify basis the (USSS) result 30, 30, classification 31. Related to Year of Plan the to of 2010. 2010. ensure Law 2010. Failure contracts review investigator in Office Higher Ended the — and Section to timely prohibition federal of to of Federal Research Financial that June the respond and certification Learning cover updates 3 expenditure department Findings 30, of Awards Services multiple further to 2009 and the of Anticipated Nina The ensure designate Maurice Name(s) sponsored The Management including report University Failure FAO9-UM-02 Graduate anticipated University Jones, submissions. accuracy. to R. of the complete of due Eftink, programs. Contact Completion Director Mississippi Department Internal Response School, dates of completion State Provost Priority Mississippi final Person(s) This of of Professor Control Accounting required Date: will reports and review Chairs will of and date implement be Corrective Mississippi has Vice Responsible over given timely process of and of reports. Auditee’s Chemistry a the Chancellor Reporting Deans, field to and will and corrective Action reports will These incorporated affect oversee Questioned for include if Corrective - & necessary, forAcademic 233 Planned: Corrective with Biochemistry the due Institutions action - communications a specific principal dates review into is For prior Action: Costs Action March will Affairs, due the process and investigator’s the to be dates billing the 31, Related Director Year reviewed Plan Associate of due with 2010. to populated management Higher monitor Ended — dates the of Section future to on Accreditation principal Provost, Federal of a the June the in regular participation Learning this status 3 final investigator program Dean Findings 30, field. Awards basis reports. of 2009 of final The the on to to (THIS PAGE LEFT BLANK NTENTIONALLY) -234- Auditee’s of Prior Summary Audit Findings Schedule (THIS PAGE LEFT BLANKINTENTIONALLY) -236 - Amount Alcorn Federal Initial Program Reference Page Status Finding For Status CFDA the Number Year Number(s): of of State Title: of Grantor Year Name(s): Finding: Questioned Questioned Number(s): of Finding: Ended University (from Internal Agency: State Single June Costs Controls Costs Audit 30, (check of in 2008 Finding: over Mississippi Report): one): Auditee’s Davis-Bacon -237- Summary Act Institutions Compliance Year None Fully N/A N/A 179 FAO8-ASU-01 N/A N/A For Schedule — the Ended Corrected Ineffective Year of June of Higher Ended Prior Internal 30, 2008 Audit June Control Learning Findings 30, 2009 State of Mississippi Institutions of Higher Learning Auditee’s Summary Schedule of Prior Audit Findings For the Year Ended June 30, 2009 Alcorn State University For the Year Ended June 30, 2008 Finding Title: Internal Controls over Suspension and Debarment Reference Number(s): FAO8-ASU-02 Initial Year of Finding: Year Ended June 30, 2008 Amount of Questioned Costs in Finding: None Status of Questioned Costs (check one): N/A Page Number (from Single Audit Report): 179 Program Name(s): N/A — Ineffective Internal Control Federal Grantor Agency: N/A CFDA Number(s): N/A Status of Finding: Fully Corrected - 238 - State of Mississippi Institutions of Higher Learning Auditee’s Summary Schedule of Prior Audit Findings For the Year Ended June 30, 2009 Jackson State University For the Year Ended June 30, 2008 Finding Title: Internal Control over Federal Work Study Record Keeping Requirement Reference Number(s): FAO8-JSU-01 Initial Year of Finding: Year Ended June 30, 2008 Amount of Questioned Costs in Finding: None Status of Questioned Costs (check one): N/A Page Number (from Single Audit Report): 180 Program Name(s): Federal Work Study Program Federal GrantorAgency: Department of Education CFDA Number(s): 84.033 Status of Finding: Fully Corrected -239- State of Mississippi Institutions of Higher Learning Auditee’s Summary Schedule of Prior Audit Findings For the Year Ended June 30, 2009 University of Southern Mississippi For the Year Ended June 30, 2008 Finding Title: internal Control over Time arid Effort Reporting Reference Number(s): FAO8-USM-O1 Initial Year of Finding: Year Ended June 30, 2008 Amount of Questioned Costs in Finding: None Status of Questioned Costs (check one): N/A Page Number (from Single Audit Report): 181 Program Name(s): Fund for the Improvement of Post Secondary Education Cluster Federal Grantor Agency: U.S Department of Education CFDA Number(s): 84.116 Status of Finding: Fully Corrected - 240 - Amount Status Page Federal Program CFOA Reference Initial Finding Status For University the Number Year Number(s): of of Grantor Title: of Year Name(s): Finding: Questioned Questioned Number(s): of of Finding: Ended Southern (from Internal Agency: State Single June Costs Control Costs Mississippi Audit 30, (check of in over 2008 Finding: Report): Mississippi one): Subrecipient Auditee’s -241 Summary Monitoring - Institutions Administration; Fully Year National Research Health 11.417, None N/A FAO8-USM-02 181 For Schedule the Corrected Ended and 93.389 Oceanic Year & of Human Development June of Higher U. Ended Prior and 30, S. Services Department 2008 Atmospheric Audit June Learning Cluster Findings 30, of 2009 Amount Federal Status Page Initial For Reference Program Finding CFDA Status University the Number Year Number(s). of of Title: Grantor of Year Name(s): Finding: Questioned Questioned Number(s): of of Finding: Ended Southern (from Internal Agency: State Single June Costs Control Costs Mississippi Audit 30, (check of in over 2008 Finding: Mississippi Report): one): Financial Auditee’s Reporting - 242 Summary Institutions - 43.001; Agriculture; Administration; Year Research Fully National Local Edward N/A FAO8-USM-03 None 182 For Schedule the Ended Corrected Law 10.001; Byrne Aeronautics Year & of Enforcement U. Development June of Memorial Higher S. Ended U. Prior 16.580 Department 30, S. Department and 2008 Audit June Assistance State Space Learning Cluster: Findings of 30, and Justice of 2009