UPD UPDATING THE UPD UPDATING THE ING THE ING THE - - PDF document

Agenda Item V. 7/22/2009 1

UPD UPDATING THE ING THE UPD UPDATING THE ING THE CLASSIFIC CLASSIFICATION OF TION OF INSTRUCTIONAL INSTRUCTIONAL PR PROGRAMS (CIP) OGRAMS (CIP)

Natio tional C al Cent nter for er for Educatio ucation S n Statis atistics Train t n the T Trainer ners 2 2009

PR PROGRAMS (CIP) OGRAMS (CIP)

WHAT’S NEW IN CIP 2010?

Added CIP codes for new and emerging programs

g g p g

Reorganized series 23, 42, 51.16, 60 Added examples of instructional programs Deleted series 21 New CIP User Site NOT a major reorganization

Agenda Item V. 7/22/2009 2

REDESIGNED CIP WEBSITE

Capabilities include:

Abili b i CIP

Ability to browse entire CIP Advanced search capabilities Crosswalk 2000 and 2010 CIP Download copies of CIP as Word document or Excel

spreadsheet

Browse Frequently Asked Questions Contact NCES

CIP WIZARD

Designed to help users see codes used by an

institution for last three Completions submissions

Crosswalks old codes with new CIP codes Identifies new codes that may be of interest to

user

Agenda Item V. 7/22/2009 3

CIP SELECTOR

Help identifying CIP Codes Limited to postsecondary CIP codes used on

Completions

Broad categories Narrow down the choices Returns a set of suggested codes

NEW CIP WEBSITE

Agenda Item V. 7/22/2009 4

CIP WEBSITE TIMELINE

June 2009 2010-11 data collection

Agenda Item V. 7/22/2009 5

ALIGNMENT OF ALIGNMENT OF ALIGNMENT OF ALIGNMENT OF FINANCE F FINANCE FORMS RMS TRANSITION TRANSITION

Natio tional C al Cent nter for er for Educatio ucation S n Statis atistics Train t n the T Trainer ners 2 2009

NEW FINANCE FORMS

TRP held Jan 17-18, 2007 Suggestion for forms Purpose Utility and transparency 2008-09 was first of two-year transition

Update 5/6/2008 – Extension on Finance form

reporting – Now Mandatory for 2010-11 reporting period.

Agenda Item V. 7/22/2009 6

FASB INSTITUTIONS

Part A - Statement of Financial Position:

Ch d i

Changed asset categories Added categories to Property, plant and equipment Made definitional change to “Property obtained

under capital leases”

Added context box

FASB INSTITUTIONS

Part B – Changes in Net Assets

Add d b

Added context box Additional pre-populated fields. KH has ability to

• verwrite.

Part C – Title Change

g

Agenda Item V. 7/22/2009 7

FASB INSTITUTIONS

Part D - Revenues

R d i 3 l

Revenues reported in 3 columns:

Unrestricted Temporarily restricted Permanently restricted

Separated “Gifts” from “Private grants and

t t ” contracts”

GASB INSTITUTIONS

Part A – Statement of Net Assets

Ch d i

Changed asset categories Plant, property, and Equipment

Report only Ending balances

Made definitional change to Property obtained

under capital leases

Agenda Item V. 7/22/2009 8

GASB INSTITUTIONS

Part B – Revenues

R l l i d

Report local operating grants and contracts

separately from private operating grants and contracts

Added line for sales and services of educational

activities

GASB INSTITUTIONS

Part C – Expenses

Ch d bl h FASB f

Changed to resemble the FASB form

Allocation of Operation and Maintenance of plant (O&M) Allocation of Depreciation

Agenda Item V. 7/22/2009 9

GASB INSTITUTIONS

Component Units discontinued Part H – Details of Endowment Assets

FASB FOR-PROFIT INSTITUTIONS

No changes

Agenda Item V. 7/22/2009 10

2008-2009 COLLECTION

GASB SB Institutions Institutions FASB Institutions SB Institutions Aligned f Aligned form rm (ne (new) 396 396 515 Unaligned f Unaligned form rm (old) (old) 1, 1,575 1,341

DATA ISSUES - FINANCE

Privates use FASB and most publics use GASB Variability in finance data make inter sector Variability in finance data make inter-sector

comparisons problematic

After transition to aligned forms, cross-sector

comparisons should be easier

The 2008-2009 collection was the first of a two-

year transition to the aligned forms year transition to the aligned forms

A small change is included in the GASB form for

2009-2010 because it was overlooked