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Value of Assets

Total Assets

Total assets reprsent the sum of what the University owns. Some of these assets (such as buildings and equipment) are recorded at historical cost - and others (such as investments) are recorded at fair value. This graph shows the change in the institutions assets over time.

What We Own

Breakdown of Assets


Money market funds, certificates of deposits, corporate, government, and agency bonds.

Accounts Receivable

Amounts due from students; federal, state, other sponsors; and state agencies.

Capital Assets

Value of buildings, equipment, land, etc. Capital assets do not provide cash to fund operations. As buildings age, the maintenance costs increase, adding expense to the University.

Value of Liabilities

Total Liabilities

The claims on ISU's assets are liabilities. The six largest components of liabilities are:
  • Amounts owed to organizations and companies for purchased goods and services (payables & accrued expenses)
  • Notes & bonds payable
  • Compensated absences
  • Pension & other post employment benefits
  • Unearned revenue
This graph shows the change in liabilities over time.

What ISU Owes

Breakdown of Liabilities

Payables and accruals

University expenses incurred and, salaries and benefits earned, but not paid by the end of the fiscal year.

Notes and bonds payable

Revenue bonds issued to fund capital improvements that are payable from the revenue sources identified in the debt agreements.

Compensated absences

The value of paid time off earned but not yet used by ISU employees, and employer-related payroll taxes.

Pension Liability

ISU’s proportionate share of PERSI’s (Public Employee Retirement System of Idaho) unfunded pension liability. This was required to be reported in fiscal year 2015.

OPEB Liability

Other postemployment benefits (OPEB) are benefits provided to individuals after they retire. The liability represents ISU’s proportionate share of the state’s liability. This was required to be reported beginning with fiscal year 2018.

Unearned Revenue

Payments received for services in advance of ISU providing the service. It is recorded as a liability since actual revenue will not be realized until services are provided in the future.

Revenues and Expenses

Revenues are categorized as operating (tuition and fees) and nonoperating (State of Idaho appropriations and federal student aid). Expenses are also categorized as operating (the vast majority) and nonoperating.


Operating Revenues

Amounts received by ISU from its primary missions: instruction (student tuition and fees, educational activities), research (grants and contracts), auxiliary enterprises (housing, bookstore, food service, athletics).

State Funding

The State of Idaho provides funding to ISU in the form of state appropriations to assist with University operations, and DPW (department of public works) funding building projects.

Title IV Grants

Pell grants comprise the majority of Title IV grants. Pell grants are federal grants that help students pay for their higher education.


Personnel Costs

Faculty and staff salaries and benefits are the largest expense category.

Operating Expenses

Costs incurred for the operation of the university: services, supplies, insurance, utilities, rent, scholarships and fellowships.

Depreciation and Other

Depreciation is the annual reduction in the value of capital assets (buildings & equipment). Other operating expenses are primarily related to travel.

Net Position

Net position reflects what’s left over after deducting liabilities from assets. The graph shows the three categories that comprise net position. The unrestricted portion of net position represents funds held in reserve for university operations.