Northern Illinois University
Controller's Office
Division of Administration and Finance

Auxilliary Enterprises

Revenue Bond Funds

This entity represents all the activity of the Auxiliary Enterprises Revenue Bond Funds. This includes the student residence halls, student center, recreational facilities, and campus parking. Construction of each of these facilities was either fully or partially funded through the issuance of revenue bonds. The primary sources of revenue include room and board income, student fees, bookstore sales, food service operations, parking fees and fines, and investment income. The combined net revenues of these facilities, plus activity fees and surcharges that are assessed to all enrolled students, are pledged as security for the Bondholders under the terms of the Bond Agreement. Accordingly, the facilities related to this entity are considered restricted assets in accordance with GASB Statement No. 34.

Auxiliary Activities

Auxiliary Business Operations

This entity consists of auxiliary services primarily supported by student fees. The sub entities are:

Lorado Taft: The purpose of this account is to support the operations of the Lorado Taft dormitory and food service. Income is from food sales, dorm rentals, conference fees, and facility use fees.

Student Contract Busing: This is the student campus bus operation. Income is from student fees.

University Health Service: The Health Service provides clinic type services to University students. It is supported from student fees.

Service Departments

This group of accounts provides service to various University departments on a charge back basis. Rates are established and reviewed periodically to operate each service department on a break even basis.

Indirect Cost Support

These accounts are supported by indirect cost reimbursements or accounts that receive funding as a by product of federal grants. The funds pay for administrative costs, physical plant costs, including utilities, and grant proposals.

Educational Activities

This entity consists of educational activities primarily supported by program fees. The sub entities are:

Continuing Education Contract Courses: These activities are established to provide credit courses to individuals and groups external to the institution. Revenues are mainly from tuition for the courses.

Continuing Education and Public Service: These activities are established primarily to provide noncredit services to individuals and groups external to the institution. These activities include community service programs and cooperative extension services. Included in this category are conferences, institutes, general advisory services, reference bureaus, radio and television, consulting, and similar noninstructional services to particular sectors of the community.

Sales and Services of Educational Activities: Sales and services of educational activities support instruction and help demonstrate classroom or related educational techniques to students. Revenues are from services or materials furnished which are incidental to the department. Receipts are from testing, cartographic services, book sales, sales of instructional materials, and public opinion services.

Student Programs and Services: These programs are supported by student activity fees, gate receipts from athletic events, and income from concerts and performances sponsored by the Student Association. In addition to the intercollegiate athletics program, the funds sponsor a variety of student functions, including speakers, acquisition of art objects, artist series, legal assistance, orientation, and grant in aid.