#1O UNIVERSITY OF OREGON UNIVERSITY OF OREGON 2019 ANNUAL FINANCIAL REPORT UNIVERSI DAYA 1911#2University of Oregon 2019 Annual Report Table of Contents UO Board of Trustees and Executive Officers Report of Independent Auditors Management's Discussion and Analysis. 1 5 8 Statement of Net Position-University. 16 Statement of Financial Position UO Foundation 17 Statement of Revenues, Expenses, and Changes in Net Position-University 18 Statement of Activities-UO Foundation 19 Statement of Cash Flows-University ..20 Notes to the Financial Statements 22 Required Supplementary Information 47 Report of Independent Auditors on Internal Control Over Financial Reporting and on Compliance and Other Matters Based on an Audit of Financial Statements Performed in Accordance with Government Auditing Standards. 49 Report of Independent Auditors on Compliance for the Major Federal Program and Report on Internal Control Over Compliance Required by the Uniform Guidance 51 Schedule of Findings and Questioned Costs ..53 Schedule of Expenditures of Federal Awards- Year Ended June 30, 2019, Notes to Schedule of Expenditures of Federal Awards 54#3$ University of Oregon Board of Trustees Chuck Lillis, PhD '72, Chair Ginevra Ralph '83, MA '85, Vice Chair Marcia Aaron '86 Connie Ballmer '84 Peter Bragdon Andrew Colas '04 Ann Curry '78 Allyn Ford Joseph Gonyea III Ross Kari '80, MBA '83 Laura Lee McIntyre, Faculty Jimmy Murray, Non-Faculty Staff William Paustian, Student Michael Schill, Ex Officio Mary Wilcox '76, JD '80 University of Oregon Executive Officers as of June 30, 2019 Michael Schill President Jayanth Banavar Senior Vice President and Provost Yvette Alex-Assensoh Vice President for Equity and Inclusion Michael Andreasen Vice President for Advancement David Conover Vice President for Research and Innovation Robert Guldberg Vice President and Executive Director of Knight Campus Kyle Henley Vice President for University Communications R. Kevin Marbury Vice President for Student Life Jamie Moffitt Vice President for Finance and Administration, Trea- surer, and CFO Rob Mullens Director of Intercollegiate Athletics Kevin Reed Vice President and General Counsel Roger J. Thompson Vice President for Student Services and Enrollment Management Angela Wilhelms University Secretary#4University of Oregon F [ounded in 1876 in Eugene, the University of Oregon (UO) is the state's flagship public research institution. The 295-acre campus houses 82 buildings, including two museums-the Jordan Schnitzer Museum of Art and the Museum of Natural and Cultural History-more than 25 research centers and institutes, and nine schools and colleges, including College of Arts and Sciences, Charles H. Lundquist College of Business, College of Education, Robert D. Clark Honors College, College of Design, School of Journalism and Communication, School of Music and Dance, School of Law, and the Graduate School. The UO is one of just 62 schools with membership in the prestigious Association of American Universities— and is the only member in Oregon. Within its schools and departments, the UO offers more than 300 academic programs, 76 undergraduate majors, 95 graduate and professional majors, and 314 study-abroad programs in 69 countries. The Oregon Institute of Marine Biology (OIMB) in Charleston is a living classroom where undergraduate and graduate students studying biology, marine biology, general science, and environmental science experience marine organisms in their natural habitats. Perched on a remote mountaintop 6,300 feet above sea level in central Oregon, the Pine Mountain Observatory is ideal for observing the high desert's night skies. The observatory, which is operated by the UO's Department of Physics, provides basic and advanced scientific research opportunities. Students at UO Portland are working toward master's degrees in architecture, historic preservation, strategic communication, business administration, sports product management, multimedia journalism, and Juris Doctor degrees. Fifth-year programs are also offered in product design and digital arts, as well as courses geared to continuing professional education. The UO is also home to Matthew Knight Arena and Autzen Stadium, where it ostensibly "never rains." A completely renovated Hayward Field is scheduled to open in Spring, 2020. In addition to its storied football program and reputation as Track Town USA, university Ducks teams include men's baseball, basketball, cross country, football, golf, tennis, and track and field. Women's sports teams include acrobatics and tumbling, basketball, beach volleyball, cross country, golf, lacrosse, soccer, softball, tennis, track and field, and volleyball. Clubs devoted to sports include everything from alpine ski to wushu. 2 University of Oregon#5University of Oregon Mission Serving students, the state, nation, and world since 1876 The University of Oregon is a comprehensive public research university committed to exceptional teaching, discovery, and service. We work at a human scale to generate big ideas. As a community of scholars, we help individuals question critically, think logically, reason effectively, communicate clearly, act creatively, and live ethically. Purpose We strive for excellence in teaching, research, artistic expression, and the generation, dissemination, preservation, and application of knowledge. We are devoted to educating the whole person, and to fostering the next generation of transformational leaders and informed participants in the global community. Through these pursuits, we enhance the social, cultural, physical, and economic wellbeing of our students, Oregon, the nation, and the world. Vision We aspire to be a preeminent and innovative public research university encompassing the humanities and arts, the natural and social sciences, and the professions. We seek to enrich the human condition through collaboration, teaching, mentoring, scholarship, experiential learning, creative inquiry, scientific discovery, outreach, and public service. Values We value the passions, aspirations, individuality, and success of the students, faculty, and staff who work and learn here. We value academic freedom, creative expression, and intellectual discourse. We value our diversity and seek to foster equity and inclusion in a welcoming, safe, and respectful community. We value the unique geography, history, and culture of Oregon that shapes our identity and spirit. We value our shared charge to steward resources sustainably and responsibly. Malt W 2019 Annual Financial Report | 3#6Notable UO achievements Notable UO achievements for the 2018-19 school year • The UO welcomed 22,644 students in the fall of 2018. Of these, 19,101 were undergraduates. Among the freshman class, 51% were Oregonians and 36% were domestic minorities, a UO record. One third were the first in their family to attend college. • The university marked 10 years of PathwayOregon with its largest class ever. The program covers the costs of college for academically-qualified Pell-eligible Oregonians. It is not only one of the first of its kind in the nation, the PathwayOregon program is also highly successful at helping students who are lower-income to graduate. • UO's faculty earned $126 million in research awards, a 3% increase over the previous year. Total research expenditures for sponsored projects increased 11%. One of the most notable awards: the Educational and Community Supports unit in the College of Education received a $32.6 million grant-what is believed to be the largest grant ever awarded to the university—that allows it to continue its work helping teach students with disabilities. • President Schill announced that the university increased the goal of its fundraising campaign from $2 billion to $3 billion, citing its unprecedented success in its fifth public year. In response, UO alumni and friends posted one of their most generous years ever with gifts totaling $255 million for the fiscal year ending June 30. • The first building of the $1 billion Phil and Penny Knight Campus for Accelerating Scientific Impact continued to take shape on Franklin Boulevard. Robert Guldberg took the helm as the Robert and Leona DeArmond Executive Director, hired the first four faculty members, continued to set the strategic direction, and began programming and research projects. • The UO and Oregon Health & Science University announced plans for a joint center in biomedical data science, empowering researchers at both institutions to attack cancer with big data. Mary and Tim Boyle pledged $10 million for a data science center to support these research collaborations with OHSU. • The new Willie and Donald Tykeson Hall opened in August 2019 as part of the university's continued investment in student success. Nearly two dozen recently-hired academic and career advisors are located in Tykeson Hall. They and dozens of other dedicated professionals across campus will help students on their educational journey through graduation and beyond. • With the October 2019 planned opening of the Lyllye Reynolds-Parker Black Cultural Center, a 2,700-square- foot, $3 million facility at the corner of 15th Avenue and Villard Street, the UO realizes the dream of generations of activists: an academic, cultural, and social home for the UO's Black students and the community. ⚫ Celebrated UO chemist Geri Richmond received the prestigious Linus Pauling Legacy Award. The award recognizes an individual who has made significant contributions in a subject of interest to Pauling. Also, three undergraduates were awarded Goldwater Scholarships, and the largest cohort in UO history earned Gilman scholarships. • Construction continued on Hayward Field in what is expected to be the world's finest track and field facility on the hallowed site. Private gifts cover almost 100% of the project, scheduled for completion in 2020-in time to host the US Olympic Team Trials in Track and Field. • In athletics, the women's basketball team recorded a historic season, advancing all the way to the Final Four in Tampa Bay with superstar Sabrina Ionesco picking up multiple national honors along the way. The men's basketball team earned a spot in the Sweet 16. In track and field, the women took fifth place in the NCAA Championships. The women's volleyball team earned their way into the Final Four. The football team ended its season with a 9 - 4 record. 4 | University of Oregon#7M VI MOSSADAMS Report of Independent Auditors Members of the Board of Trustees University of Oregon Report on the Financial Statements We have audited the accompanying financial statements of the University of Oregon ("UO"), and its discretely presented component unit, the University of Oregon Foundation ("the Foundation"), as of and for the years ended June 30, 2019 and 2018, and the related notes to the financial statements, which collectively comprise the UO's basic financial statements as listed in the table of contents. Management's Responsibility for the Financial Statements Management is responsible for the preparation and fair presentation of these financial statements in accordance with accounting principles generally accepted in the United States of America; this includes the design, implementation, and maintenance of internal control relevant to the preparation and fair presentation of financial statements that are free from material misstatement, whether due to fraud or error. Auditor's Responsibility Our responsibility is to express an opinion on these financial statements based on our audits. We conducted our audits in accordance with auditing standards generally accepted in the United States of America and the standards applicable to financial audits contained in Government Auditing Standards, issued by the Comptroller General of the United States. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free from material misstatement. The financial statements of the Foundation were not audited in accordance with Government Auditing Standards. An audit involves performing procedures to obtain audit evidence about the amounts and disclosures in the financial statements. The procedures selected depend on the auditor's judgment, including the assessment of the risks of material misstatement of the financial statements, whether due to fraud or error. In making those risk assessments, the auditor considers internal control relevant to the entity's preparation and fair presentation of the financial statements in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the entity's internal control. Accordingly, we express no such opinion. An audit also includes evaluating the appropriateness of accounting policies used and the reasonableness of significant accounting estimates made by management, as well as evaluating the overall presentation of the financial statements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinions. Opinions In our opinion, the financial statements referred to above present fairly, in all material respects, the respective financial position of UO and its discretely presented component unit, as of June 30, 2019 and 2018, and the respective changes in financial position and, where applicable, cash flows thereof for the years then ended in accordance with accounting principles generally accepted in the United States of America. 2019 Annual Financial Report | 5#8Other Matters Required Supplementary Information Accounting principles generally accepted in the United States of America require that the management's discussion and analysis on pages 8 through 15, and the schedule of UO's proportionate share of net pension liability / (asset) - PERS, UO contributions - PERS, UO's Proportionate Share of Total and Net OPEB Liabilities / (Assets), and UO Contributions - OPEB on pages 47-48 be presented to supplement the basic financial statements. Such information, although not a part of the basic financial statements, is required by the Governmental Accounting Standards Board who considers it to be an essential part of financial reporting for placing the basic financial statements in an appropriate operational, economic, or historical context. We have applied certain limited procedures to the required supplementary information in accordance with auditing standards generally accepted in the United States of America, which consisted of inquiries of management about the methods of preparing the information and comparing the information for consistency with management's responses to our inquiries, the basic financial statements, and other knowledge we obtained during our audit of the basic financial statements. We do not express an opinion or provide any assurance on the information because the limited procedures do not provide us with sufficient evidence to express an opinion or provide any assurance. Supplementary Information Our audit was conducted for the purpose of forming opinions on the financial statements that collectively comprise the UO's basic financial statements. The schedule of expenditures of federal awards, as by Title 2 U.S. Code of Federal Regulations (CFR) Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance) is presented for purposes of additional analysis and are not a required part of the basic financial statements. The schedule of expenditures of federal awards is the responsibility of management and was derived from and relates directly to the underlying accounting and other records used to prepare the basic financial statements. Such information has been subjected to the auditing procedures applied in the audit of the basic financial statements and certain additional procedures, including comparing and reconciling such information directly to the underlying accounting and other records used to prepare the basic financial statements or to the basic financial statements themselves, and other additional procedures in accordance with auditing standards generally accepted in the United States of America. In our opinion, the schedule of expenditures of federal awards is fairly stated, in all material respects, in relation to the basic financial statements as a whole. Other Information Our audit was conducted for the purpose of forming opinions on the financial statements that collectively comprise the UO's basic financial statements. The UO Board of Trustees and Executive Officers section and other information are presented for purposes of additional analysis and are not a required part of the basic financial statements. The UO Board of Trustees and Executive Officers section on page 1 and the information on pages 2 through 4 has not been subjected to the auditing procedures applied in the audit of the basic financial statements, and accordingly, we do not express an opinion or provide any assurance on it. 6 University of Oregon#9Other Reporting Required by Government Auditing Standards In accordance with Government Auditing Standards, we have also issued our report dated October 31, 2019 on our consideration of UO's internal control over financial reporting and on our tests of its compliance with certain provisions of laws, regulations, contracts, and grant agreements and other matters. The purpose of that report is solely to describe the scope of our testing of internal control over financial reporting and compliance and the results of that testing, and not to provide an opinion on the effectiveness of UO's internal control over financial reporting or on compliance. That report is an integral part of an audit performed in accordance with Government Auditing Standards in considering UO's internal control over financial reporting and compliance. Moss Adams LLP Portland, Oregon October 31, 2019 2019 Annual Financial Report | 7#10Management's Discussion and Analysis For the Year Ended June 30, 2019 (dollars in thousands) Introduction The following Management's Discussion and Analysis (MD&A) provides an overview of the financial position and activities of the University of Oregon for the fiscal years ended June 30, 2019, 2018, and 2017. The UO's primary campus is in Eugene, but programs are also offered in Portland, at the Oregon Institute of Marine Biology in Charleston, and at the Pine Mountain Observatory outside of Bend, all in the state of Oregon. Annual Full Time Equivalent (FTE) Student Enrollment Summary 2019 2018 2017 2016 Annual FTE 22,811 22,964 23,358 23,596 2015 23,728 Understanding the Financial Statements The MD&A is intended to foster a greater understanding of the UO's financial activities. Since this presentation includes summarized formats, it should be read in conjunction with the financial statements, which have the following six components: The Report of Independent Auditors presents an unmodified opinion rendered by an independent certified public accounting firm, Moss Adams LLP, on the fairness in presentation (in all material respects) of the financial statements. Statement of Net Position (SNP) presents a snapshot of the UO's assets, deferred outflows of resources, liabilities, deferred inflows of resources, and net position under the accrual basis of accounting at the end of each fiscal year presented. The SNP helps the reader understand the types and amounts of assets available to support operations, how much the UO owes to vendors and bondholders, and the UO's net position categorized by its status as restricted or unrestricted. Changes in net position that occur over time indicate improvement or decline in the UO's financial condition. Statement of Revenues, Expenses, and Changes in Net Position (SRE) presents the UO's revenues and expenses categorized among operating, nonoperating, and other related activities. The SRE reports the UO's results for each fiscal year presented. Statement of Cash Flows (SCF) provides information about the UO's sources (receipts) and uses (payments) of cash during the fiscal year. The SCF classifies sources and uses of cash into four categories, and assists in determining whether the UO has the ability to meet its obligations as they come due. 8 University of Oregon Notes to the Financial Statements (Notes) provide additional information to clarify and expand on the financial statements. The Component Unit, comprised of a supporting foundation, the University of Oregon Foundation, is discretely presented in the UO financial statements and in Note 3. Cash and Investments and Note 18. University Foundation. The MD&A provides an objective analysis of the UO's financial activities based on currently known facts, decisions, and conditions. The MD&A discusses the current results in comparison to the two previous fiscal years. Unless otherwise stated, all years refer to the fiscal year ended June 30. Statement of Net Position The term "Net Position" refers to the difference between (a) combined assets and deferred outflows of resources, and (b) combined liabilities and deferred inflows of resources, and is an indicator of the UO's current financial condition. Changes in net position that occur over time indicate improvement or decline in this condition. The following summarizes the UO's assets and deferred outflows of resources, liabilities and deferred inflows of resources, and net position: Condensed Statement of Net Position As of June 30, Assets: Current Assets Noncurrent Assets. Capital Assets, Net Total Assets Deferred Ouflows of Resources Total Assets and Deferred Outflows of Resources Liabilities: Current Liabilities 2019 2018 2017 $ 294,952 $ 255,558 1,611,084 2,161,594 285,087 $ 240,081 1,517,455 2,042,623 321,703 151,767 1,478,446 1,951,916 120,312 112,209 154,389 2,281,906 2,154,832 2,106,305 246,738 1,075,603 1,322,341 206,804 1,095,192 1,301,996 202,110 1,029,169 1,231,279 3,286 2,720 Noncurrent Liabilities Total Liabilities Deferred Inflows of Resources 18,277 Net Investment in Capital Assets Restricted Expendable 878,571 117,608 Unrestricted (54,891) 941,288 797,111 87,799 (35,360) 849,550 787,970 76,196 8,140 872,306 Total Net Position Total Liabilities, Deferred Inflows, and Net Position $ 2,281,906 $ 2,154,832 $ 2,106,305 Total Assets and Liabilities Total assets increased $118,972, or 6 percent, and total liabilities increased $20,345 or 2 percent, during fiscal year 2019. Total assets increased $90,707, or 5 percent, and total liabilities increased $70,717, or 6 percent, during fiscal year 2018. At June 30, 2019, current assets exceed current liabilities.#11Management's Discussion and Analysis For the Year Ended June 30, 2019 (dollars in thousands) Comparison of fiscal year 2019 to fiscal year 2018 ⚫ Current assets increased $9,866, or 3 percent. Current cash and cash equivalents decreased $27,339, or 14 percent, partially due to the conversion of cash to investments prior to June 30, 2019. This was offset by an increase in accounts receivable of $19,616, or 27 percent primarily due to state bonds receivable. In addition, there was a shift in the Perkins loan program receivable from non-current to current, resulting in an increase in the current portion of notes receivable of $14,817, or 344 percent. ⚫ Noncurrent assets, excluding capital assets, increased $15,477 or 6 percent. Noncurrent cash and cash equivalents (cash reserved for capital projects) increased by $11,393, or 13 percent, and investments increased by $20,043, or 15 percent, due to the conversion of some cash to investments, as described above. The noncurrent portion of notes receivable decreased by $17,367, with the termination of the Perkins loan program and liquidation of the loan portfolio. • Capital assets, net increased $93,629, or 6 percent. Capitalized acquisitions, net of disposals and adjustments, included $145,331 in real property and $8,203 in personal property. Increases in real property through acquisitions or construction, included $57,977 for Knight Campus for Accelerating Scientific Impact, $24,474 for Tykeson Hall, $17,567 for Bean Hall renovations, $8,759 for Student Health Center addition, and $8,703 for Klamath Hall remodel. Accumulated depreciation increased by $59,905 or 7 percent. See "Capital Assets" in this MD&A for additional information relating to these variances. • Current liabilities increased $39,934, or 19 percent, due to $19,287 from federal capital contributions payable resulting from termination of the Perkins loan program. Accounts payable and accrued liabilities increased by 31 percent or $15,536. ⚫ Noncurrent liabilities decreased $19,589, or 2 percent. Refer to Note 10.A. Long-Term Liabilities, Agreement for Debt Management (ADM) for additional information relating to these variances. ⚫ Deferred outflows increased by $8,103, or 7 percent, and deferred inflows increased by $14,991, or 456 percent, primarily due to the impact of Governmental Accounting Standards Board (GASB) Statement No. 68, Accounting and Financial Reporting for Pensions-An Amendment of GASB Statement No. 27 and GASB Statement No. 75, Accounting and Financial Reporting for Postemployment Benefits Other Than Pensions. Refer to Notes 13. Employee Retirement Plans, 14. Other Postemployment Benefits, and the Required Supplementary Information for additional information. Comparison of fiscal year 2018 to fiscal year 2017 • Current assets decreased $36,616, or 11 percent. Current cash and cash equivalents decreased $41,768, or 18 percent, due to the conversion of cash to investments prior to June 30, 2018. This was offset by an increase in collateral from securities lending of $2,600, or 139 percent, and an increase in accounts receivable of $2,699, or 4 percent. ⚫ Noncurrent assets, excluding capital assets, increased $88,314, or 58 percent. Noncurrent cash and cash equivalents (cash reserved for capital projects) increased by $27,489, or 47 percent, and investments increased by $59,550, or 78 percent, due to the conversion of some cash to investments (as described above) and increases to market value of the investments. • Capital assets, net increased $39,009, or 3 percent. Capitalized acquisitions, net of disposals and adjustments, included $83,366 in real property, $6,216 in personal property and $90 of intangible assets. Increases in real property through acquisitions or construction, included $22,228 for Bean Hall renovations, $15,047 for the Knight Campus for Accelerating Scientific Impact, $16,475 for Pacific Hall remodel, $9,788 for Tykeson Hall construction, $8,284 for Oregon Hall renovations, and $5,879 for Chapman Hall remodel. Accumulated depreciation increased by $50,664 or 7 percent. See "Capital Assets" in this MD&A for additional information relating to these variances. • Current liabilities increased $4,694, or 2 percent, due to an increase in accounts payable and accrued liabilities and the current portion of long-term liabilities. This was partially offset by a decrease in unearned revenues. • Noncurrent liabilities increased $66,023, or 6 percent. Refer to Note 10.A. Long-Term Liabilities, Agreement for Debt Management (ADM) for additional information relating to these variances. 2019 Annual Financial Report | 9#12Management's Discussion and Analysis For the Year Ended June 30, 2019 (dollars in thousands) Deferred outflows decreased by $42,180, or 27 percent, and deferred inflows increased by $566, or 21 percent, primarily due to the impacts of Governmental Accounting Standards Board (GASB) Statement No. 68, Accounting and Financial Reporting for Pensions- An Amendment of GASB Statement No. 27 and GASB Statement No. 75, Accounting and Financial Reporting for Postemployment Benefits Other Than Pensions. Refer to Notes 13. Employee Retirement Plans, 14. Other Postemployment Benefits, and the Required Supplementary Information for additional information. Total Net Position As illustrated by the following graph, the makeup of net position changed between fiscal years 2019, 2018, and 2017. $1,000,000 $800,000 $600,000 $400,000 $200,000 $0 -$200,000 2019 2018 2017 Restricted- Expendable Unrestricted Net Investme Capital Asset Comparison of fiscal year 2019 to fiscal year 2018 ⚫ Net investment in capital assets increased $81,460, or 10 percent. • Restricted expendable net position increased by $29,809, or 34 percent. Net position relating to the funding of capital projects increased by $49,297, or 99 percent, as a result of a number of new construction and improvement projects in fiscal year 2019, which was offset by a decrease in student loan net position of $18,226, or 70 percent, related to termination of the Perkins loan program. • Unrestricted net position decreased $19,531, or 55 percent. Comparison of fiscal year 2018 to fiscal year 2017 ⚫ Net investment in capital assets increased $9,141 or 1 percent. • Restricted expendable net position increased by $11,603, or 15 percent. Net position relating to the funding of capital projects increased by $6,661, or 15 percent, as a result of a number of new construction and improvement projects in fiscal year 2018. ⚫ Unrestricted net position decreased $43,500, or 534 percent primarily due to the impact of GASB 68 and GASB 75. Statement of Revenues, Expenses, and Changes in Net Position (SRE) Due to the classification of certain revenues as nonoperating revenue, the UO shows a net operating loss. State general fund appropriations, nonexchange grants, and noncapital gifts, although considered nonoperating revenue under GASB Statement No. 35, Basic Financial Statements-and Management's Discussion and Analysis—for Public Colleges and Universities-An Amendment of GASB Statement No. 34 and reflected accordingly in the nonoperating section of the SRE, are used solely for operating purposes. The following summarizes the revenue and expense activity of the UO: Condensed Statement of Revenues, Expenses, and Changes in Net Position For the Year Ended June 30, Operating Revenues Operating Expenses Operating Loss 2017 2019 2018 $ 744,160 967,829 (223,669) $ 740,103 955,367 (215,264) $ 713,691 920,938 (207,247) Nonoperating Revenues, Net of Expenses 191,492 158,757 161,034 Capital Additions and Special Items 123,915 48,355 Increase (Decrease) in Net Position 91,738 (8,152) 78,112 31,899 849,550 872,306 840,407 (14,604) 849,550 857,702 $ 941,288 $ 849,550 Net Position, Beginning of Year Adjustments to Beginning Net Position Net Position, Beginning of Year (Restated) Net Position, End of Year 840,407 $ 872,306 For fiscal year 2019, net position increased by $91,738, or 11 percent, to $941,288. For fiscal year 2018, net position decreased by $22,756, or 3 percent, to $849,550. 10 University of Oregon#13Management's Discussion and Analysis For the Year Ended June 30, 2019 (dollars in thousands) Total Operating and Nonoperating Revenues Grants and Contracts Auxiliary Enterprises, Net Educational and Other 2017 389,405 $ 381,434 116,322 For the Year Ended June 30, Student Tuition and Fees, Net 2019 2018 $ 385,387 123,686 $ 106,913 209,393 204,650 25,694 29,726 Total Operating Revenues 744,160 740,103 190,759 34,585 713,691 Appropriations 74,397 72,698 68,532 Financial Aid Grants 36,083 32,348 31,576 Investment Activity 30,325 21,913 16,154 Gain on Sale of Assets, Net 735 22 Capital Grants and Gifts 141,230 46,383 Other Nonoperating Items Total Nonoperating Revenues 84,358 367,128 72,116 76,095 71,108 245,458 $ 1,111,288 $ 985,561 $ Total Revenues Total Operating and Nonoperating Revenues 100% 90% 80% 70% 60% 50% 40% 30% 20% 10% 0% 2019 2018 2017 Revenues Operating Revenues 263,465 977,156 Other Non- Operating Revenues Appropriations Educational and Other Revenues ■Auxiliary Enterprises Operating Grants and Contracts Student Tuition and Fees Total grants and contracts (federal, state and local, and nongovernmental) increased $7,364 or 6 percent. Federal grants and contracts increased by $5,405, or 6 percent, state and local grants and contracts increased by $182, or 6 percent, and nongovernmental grants and contracts increased by $1,777, or 9 percent. Auxiliary enterprises revenues increased $4,743, or 2 percent, primarily attributable to housing revenues. Educational and other revenues decreased by $4,032, or 14 percent. Comparison of fiscal year 2018 to fiscal year 2017 Student tuition and fees net of allowances increased $7,971, or 2 percent. Resident undergraduate tuition increased by $4,611, or 5 percent. Nonresident undergraduate tuition increased by $4,004, or 1 percent. These increases were partially offset by an increase in allowances. Total grants and contracts (federal, state and local, and nongovernmental) increased $9,409 or 9 percent. Federal grants and contracts increased by $6,502, or 8 percent, state and local grants and contracts increased by $267, or 10 percent, and nongovernmental grants and contracts increased by $2,640, or 15 percent. Auxiliary enterprises revenues increased $13,891, or 7 percent. Athletics revenues increased by $5,545, housing revenues increased by $4,571 and health services increased by $1,550. These increases were offset by decreases in other auxiliaries. Operating revenues increased $4,057, or 1 percent, to $744,160 in fiscal year 2019 as compared to fiscal year 2018. The 2019 change was primarily due to increases in grants and contracts and auxiliary enterprises, offset Nonoperating Revenues by a decrease in net student tuition and fees. Operating revenues increased $26,412, or 4 percent, to $740,103 in fiscal year 2018 as compared to fiscal year 2017. The 2018 change was due to an increase in auxiliary enterprises, grants and contracts, and educational and other revenues. Educational and other revenues decreased by $4,859, or 14 percent. Comparison of fiscal year 2019 to fiscal year 2018 Student tuition and fees net of allowances decreased $4,018, or 1 percent. Resident undergraduate tuition increased by $4,432, or 5 percent. Nonresident undergraduate tuition decreased by $5,358, or 2 percent. Fiscal year 2019 included a $5,287, or 7 percent, increase in allowances. Comparison of fiscal year 2019 to fiscal year 2018 Capital grants and gifts increased $94,847, or 204 percent, primarily due to gifts supporting construction of the Knight Campus for Accelerating Scientific Impact. Other nonoperating items increased $12,242, or 17 percent, primarily due to increase in noncapital gifts. Comparison of fiscal year 2018 to fiscal year 2017 Capital grants and gifts decreased $29,712, or 39 percent. This was primarily due to a one-time individual donation in 2017. 2019 Annual Financial Report | 11#14Management's Discussion and Analysis For the Year Ended June 30, 2019 (dollars in thousands) Expenses Operating Expenses Operating expenses increased $12,462, or 1 percent, to $967,829 in fiscal year 2019 as compared to fiscal year 2018. A $43,714 decrease in the change in the components of net pension & other postemployment benefits (OPEB) liabilities, from $55,635 in fiscal year 2018 to $11,921 in fiscal year 2019 was offset by an increase in auxiliary programs expense of $16,799 or 9 percent, an increase in instruction expense of $13,480 or 5 percent, an increase in research expense of $11,179 or 16 percent, and smaller increases in most of the other expense categories. Operating expenses increased $34,429, or 4 percent, to $955,367 in fiscal year 2018 as compared to fiscal year 2017. A $14,551 increase in the change in the components of net pension & other postemployment benefits (OPEB) liabilities, from $41,084 in fiscal year 2017 to $55,635 in fiscal year 2018 was offset by a decrease in auxiliary programs expense of $7,612 or 4 percent, and other operating expenses. Operating Expense by Function For the Year Ended June 30, Instruction Auxiliary Programs Research Institutional Support Academic Support Public Service Student Aid Other Operating Expenses Change in Components of Net Pension & OPEB Liabilities Total Operating Expenses For the Year Ended June 30, Instruction Research Public Service Academic Support 2019 as shown on the SRE GASB 68 effect GASB 75 effect 2019 with GASB effect allocated 293,053 81,412 $ 5,593 $ (708) $ 297,938 50,695 1,098 668 (207) 82,303 (161) 51,202 68,384 1,251 (208) 69,427 Student Services 48,299 768 (143) 48,924 Auxiliary Programs 209,328 2,299 (355) 211,272 Institutional Support 74,681 1,610 (255) 76,036 Operation and Maintenance of 53,072 359 (69) 53,362 Plant Student Aid 37,247 - 37,247 39,737 499 11,921 (14,145) (118) 2,224 40,118 $ 967,829 $ $ $ 967,829 Other Operating Expenses Change in Components of Net Pension & OPEB Liabilities Total Operating Expenses For the Year Ended June 30, Instruction Research Public Service Academic Support 2018 as shown on the SRE GASB 68. effect GASB 75 effect 2018 with GASB effect allocated $ 279,573 $ 70,233 22,995 4,249 $ (488) $ 302,079 (103) 74,379 47,680 2,601 (84) 50,198 63,995 4,847 (130) 68,712 Student Services 44,707 3,175 (101) 47,781 Auxiliary Programs 192.529 9,267 (235) 201,561 Institutional Support 69,856 6,488 (168) 76,176 Operation and Maintenance of 54,632 2,278 (88) 56,822 Plant Student Aid 37,677 Other Operating Expenses 38,850 Change in Components of Net 55,635 1 1,166 (57,069) - 37,678 (36) 39,980 1,434 $ 955.367 $ $ $ 955,367 Pension & OPEB Liabilities Total Operating Expenses For the Year Ended June 30, 2019 2018 2017 2017 as shown on the SRE 2017 with GASB 68 effect GASB effect allocated $ 293,053 209,328 $ 279,573 $ 192,529 274,772 200,141 Instruction $ 81,412 70,233 66,711 Research 274,772 66,711 $ 13,836 3,013 $ 288,608 69,724 74,681 69,856 67,894 Public Service 43,282 2,413 45,695 68,384 63,995 59,242 Academic Support 59,242 4,034 63,276 50,695 47,680 43,282 Student Services 42,042 2,468 44,510 37,247 141,108 37.677 138,189 34,433. 133,379 Auxiliary Programs 200,141 6.535 206,676 Institutional Support 67,894 5,250 73,144 11,921 55,635 41,084 Operation and Maintenance of 52,109 2,354 54,463 Plant $ 967,829 $ 955,367 $ 920,938 Student Aid. 34,433 34,433 Other Operating Expenses 39,228 Change in Components of Net. 41,084 1,181 (41,084) 40,409 Pension & OPEB Liabilities $ 920,938 $ $ 920,938 2019 Operating Expense by Function Change in Components of Net Pension & OPEB Liabilities Other Operating 1%. Research 8% Expenses 15% Public Service 5% Institutional Support 8% Auxiliary Programs 22% Academic Support 7% Student Aid 4% Instruction 30% The implementation of GASB 68 in 2015 and GASB 75 in 2018 has had a significant impact on the operating expenses reported by the UO. The following shows the effect of GASB 68 and 75 on operating expenses across the functional classifications: 12 University of Oregon Total Operating Expenses Due to the way in which expenses are incurred by the UO, variances are presented and explained by analyzing changes in the natural classification of expenses. Each natural classification analysis can be applied to many of the functional expense caption items. The following summarizes operating expenses by natural classification: Operating Expenses by Natural Classification For the Year Ended June 30, Compensation and Benefits & OPEB Liabilities Services and Supplies 2019 2018 2017 $ 651,847 $ 608,875 $ 602,594 Change in Components of Net Pension 11,921 190,563 36,953 55,635 41,084 179,258 171,873 36,420 33,675 65,553 65,351 62,155 10,992 9,828 9.557 $ 967,829 $ 955,367 $ 920,938 Scholarships and Fellowships. Depreciation and Amortization Other Expenses Total Operating Expenses#15Management's Discussion and Analysis For the Year Ended June 30, 2019 (dollars in thousands) 2019 Operating Expenses by Natural Classification Scholarships and Fellowships. Services and Supplies 20% Change in Components of Net Pension & OPEB Liabilities 1% 4% Depreciation and Amortization 7% Other Expenses 1% Compensation and Benefits 67% Comparison of fiscal year 2019 to fiscal year 2018 Compensation and benefits costs increased $42,972, or 7 percent, due to the following: • Increased FTE and higher average salaries resulted in higher wage costs (approximately $19,300, or 5 percent). • Other payroll expenses, which include retirement, health insurance, and employee termination agreements, increased by approximately $23,097, or 10 percent. Change in components of net pension & OPEB liabilities decreased $43,714, or 79 percent, primarily due to the impact of state pension obligations. Services and supplies expense increased $11,305, or 6 percent. $8,955 of this increase was related to maintenance & repairs cost in fiscal year 2019. Other key increases were in the following categories: items for resale, fees & services, assessments, and travel. Expense increases were offset by internal sales. Scholarships and fellowships expenses increased $533, or 1 percent. This expense category does not include fee remissions, which are reported as reductions to student tuition and fee revenues. Depreciation and amortization increased $202, due to the impact of new assets placed in service in fiscal year 2019. Comparison of fiscal year 2018 to fiscal year 2017 Compensation and benefits costs increased $6,281, or 1 percent. Change in components of net pension & OPEB liabilities increased $14,551, or 35 percent, due to the impact of state pension and OPEB obligations. Services and supplies expense increased $7,385, or 4 percent. Increased payments to subcontracts of $3,411 and a $3,144 increase in items for resale make up the majority of the increase. Scholarships and fellowships expenses increased $2,745, or 8 percent. This expense category does not include fee remissions, which are reported as reductions to student tuition and fee revenues. Depreciation and amortization increased $3,196, or 5 percent, due to the impact of new buildings placed in service in fiscal year 2018. Capital Assets and Related Financing Activities Capital Assets year At June 30, 2019, the UO had $2,474,929 in capital assets, less accumulated depreciation of $863,845, for net capital assets of $1,611,084. During fiscal year 2019, $46,778 in construction projects were completed and placed into service, compared to $88,874 in fiscal 2018. The UO is committed to a comprehensive program of capital investment and facility maintenance that includes addressing current maintenance needs and minimizing the UO's deferred maintenance backlog. State, federal, private, debt, and internal UO funding were all used to accomplish the UO's capital objectives. Capitalized Collections 2.9% Construction in Progress Land and Improvements 6.1% 11.7% Changes to Capital Assets Capital Assets, Beginning of Year Add: Purchases/Construction Less: Retirements/Disposals/Adjustments Total Capital Assets, End of Year Accum. Depreciation, Beginning of Year Add: Depreciation Expense Less: Retirements/Disposals/Adjustments Total Accum. Depreciation, End of Year Total Capital Assets, Net, End of Year Equipment & Other 1.9% 2019 2018 Library - Materials 0.8% Intangibles 0.4% Buildings 76.3% 2017 $ 2,101,324 134,351 $ 2,321,395 $ 2,231,723 160,280 110,240 (6,746) (20,569) (3,952) 2,474,929 2,321,395 2,231,723 (803,940) (65,554) 5,649 (863,845) (753,276) (694,876) (65,351) (62,155) 14,688 (803,940) 3,755 (753,276) $ 1,611,084 $ 1,517,455 $ 1,478,447 Capital additions totaled $160,280 for fiscal year 2019, $110,240 for fiscal year 2018, and $134,351 for fiscal year 2017. 2019 Annual Financial Report 13#16Management's Discussion and Analysis For the Year Ended June 30, 2019 (dollars in thousands) Accumulated depreciation at June 30, 2019, increased $59,905, or 7 percent, which represented $65,554 in depreciation and amortization expense offset by $5,649 in asset retirements and adjustments. Accumulated depreciation at June 30, 2018, increased $50,664, or 7 percent, which represented $65,351 in depreciation and amortization expense offset by $14,688 in asset retirements and adjustments. See Note 6. Capital Assets for additional information. Capital Commitments Outstanding commitments on construction projects that are in the planning phase but not yet initiated, as well as partially-completed construction projects authorized by the Oregon legislature and/or the Board of Trustees totaled approximately $228,448 and $313,995, at June 30, 2019 and 2018, respectively. See Note 16. Commitments and Contingent Liabilities for additional information relating to capital construction commitments. Debt Administration No new revenue bonds were issued in 2019. During fiscal year 2018, the UO received $70,693 due to the issuance of revenue bonds, for which the Moody's bond rating was Aa2. The proceeds of the issuance were earmarked for construction and acquisition of capital assets. Long-Term Debt $800 $600 $400 $200 2019 2018 2017 Capital Leases PERS Pre-SLGRP Pooled Liability Oregon Department of Energy Loans UO Revenue Bonds premiums/discounts. UO Revenue Bonds State Note Payable See Note 10. Long-Term Liabilities for additional information. Economic Outlook Funding for the major activities of the University of Oregon comes from a variety of sources, including tuition and fees, financial aid programs, state appropriations, grants, private and government contracts, donor gifts, and investment earnings. Revenues are also generated through recovery of costs associated with federal grants and contract activities, which serve to offset related administrative and facilities costs. According to the Oregon Office of Economic Analysis, Oregon has experienced substantial economic expansion over the last decade. While the economic outlook remains stable, uncertainty about the performance of the national economy will likely mean a slower growth rate in coming years. From fiscal years 2015 to 2017, the State of Oregon substantially increased investment in public universities, moving the state's ranking of educational appropriations per student from 47th to 38th in the nation. The 2019 legislative session saw a continuation of this trend, with an increased investment in the Public University Support Fund of $100 million. These funds ensured that previously-proposed large resident tuition increases at the UO were partially mitigated for the 2018-19 academic year, but were not enough to avoid budget cuts and tuition increases altogether. The UO is still recovering from more than two decades of underinvestment in Oregon public higher education and continues to face large cost drivers outside of its control. This has created challenges in fully achieving the UO's mission of excellence in access, academia, research, and service. The UO will continue to work collaboratively with other universities, lawmakers, and the Higher Education Coordinating Commission (HECC) to advocate for additional funding for public universities. The HECC, with input from the universities, will also be reviewing the funding formula by which Public University Support funds are distributed. Construction on the Phil & Penny Knight Campus for Accelerating Scientific Impact continues on budget and on time. Move-in is anticipated for June, 2020. This new building is projected to ultimately house at least twelve research programs led by faculty newly recruited to the UO in bioengineering and applied sciences. Additionally, the Knight Campus has joined with Oregon Health & Science University (OHSU) on a new Biomedical Engineering Graduate Program, and with Oregon State University (OSU) on a new Bioengineering Graduate Program. 14 University of Oregon#17In the 2020 legislative session, the UO will pursue a capital construction project request for the renovation of Huestis Hall. Huestis is a hub of life sciences teaching and research on campus, serving 3,000 students annually. The HECC, through a third-party consultant, will develop a 10-year strategic capital plan that will serve as a high-level summary of capital needs based on demographic, economic, industry, and other environmental factors, dividing the targeted portfolio by region of the state. In a new era of institutional governance, financial reinvestment, and inter-institutional collaboration, the UO remains committed to meeting the challenges ahead, ensuring the institution's long-term financial health, and carrying out its core mission of providing an affordable and excellent education for all students. REGON 2019 Annual Financial Report | 15#18Statement of Net Position As of June 30, ASSETS Current Assets Cash and Cash Equivalents Collateral from Securities Lending Accounts Receivable, Net Notes Receivable, Net Inventories Prepaid Expenses Total Current Assets Noncurrent Assets Cash and Cash Equivalents Investments University 2019 2018 (In thousands) $ 165,217 $ 192,556 5,417 4,477 91,029 71,414 19,122 4,305 4,338 4,392 9,829 7,943 294,952 285,087 97,156 155,950 85,763 135,907 Notes Receivable, Net 17,367 Net OPEB Asset 2,452 Non-Depreciable Capital Assets 299,998 1,044 196,257 Capital Assets, Net of Accumulated Depreciation 1,311,086 1,321,198 Total Noncurrent Assets 1,866,642 1,757,536 Total Assets 2,161,594 2,042,623 Deferred Outflows of Resources Total Assets and Deferred Outflows of Resources 120,312 112,209 2,281,906 2,154,832 LIABILITIES Current Liabilities Accounts Payable and Accrued Liabilities 65,187 49,651 Accrued Payroll Related Liabilities 43,633 41,647 Perkins Program Federal Capital Contributions Payable 19,287 Deposits 3,336 4,124 Obligations Under Securities Lending 5,417 4,477 Current Portion of Long-Term Liabilities 55,006 51,235 Unearned Revenues Total Current Liabilities Noncurrent Liabilities Long-Term Liabilities 54,872 55,670 246,738 206,804 Net Pension & OPEB Liabilities Total Noncurrent Liabilities Total Liabilities Deferred Inflows of Resources Total Liabilities and Deferred Inflows of Resources NET POSITION Net Investment in Capital Assets Restricted For: Expendable: Gifts, Grants and Contracts 754,704 780,588 320,899 314,604 1,075,603 1,095,192 1,322,341 1,301,996 18,277 3,286 1,340,618 1,305,282 878,571 797,111 10,711 11,973 Student Loans Capital Projects Unrestricted Total Net Position 7,754 25,980 99,143 49,846 (54,891) (35,360) 941,288 849,550 Total Liabilities, Deferred Inflows and Net Position $ 2,281,906 $ 2,154,832 The accompanying notes are an integral part of these financial statements. 16 University of Oregon#19Statement of Financial Position UO Foundation As of June 30, Assets 2019 2018 (In thousands) Cash and Cash Equivalents $ 111,988 $ Contributions, Pledges, and Grants Receivable, Net 393,578 76,484 432,841 Investments (Note 3) 1,250,837 1,210,847 Other Assets 16,412 21,034 Capital Lease Receivable, Net 40,038 40,849 Property and Equipment, Net 148,386 23,805 Total Assets 1,961,239 1,805,860 Liabilities Accounts Payable and Accrued Liabilities 14,769 4,145 Accounts Payable to University 2,645 657 Obligations to Beneficiaries of Split-Interest Agreements 52,960 53,414 Deposits Held in Custody 92,888 81,666 52,060 53,201 215,322 193,083 Long-Term Liabilities Total Liabilities Net Assets Without Donor Restrictions With Donor Restriction Restricted by Purpose Restricted by Time Restricted in Perpetuity Total Net Assets The accompanying notes are an integral part of these financial statements. DON'T FORGET TODAY IS #DUCKSGIVE 31,982 23,101 723,352 578,525 112,597 160,182 877,986 850,969 $ 1,745,917 $ 1,612,777 OREGON 2019 Annual Financial Report | 17#20Statement of Revenues, Expenses, and Changes in Net Position For the Year Ended June 30, OPERATING REVENUES University 2019 2018 (In thousands) Student Tuition and Fees (Net of Allowances of $83,232 and $77,945, respectively) Federal Grants and Contracts State and Local Grants and Contracts Nongovernmental Grants and Contracts Educational Department Sales and Services Auxiliary Enterprises Revenues (Net of Allowances of $6,982 and $6,244 respectively) Other Operating Revenues Total Operating Revenues OPERATING EXPENSES Instruction Research Public Service Academic Support Student Services $ 385,387 $ 389,405 98,482 93,077 3,197 3,015 22,007 20,230 16,679 15,976 209,393 204,650 9,015 13,750 744,160 740,103 Auxiliary Programs Institutional Support Operation and Maintenance of Plant Student Aid Other Operating Expenses Change in Components of Net Pension & OPEB Liabilities (Notes 13 and 14) Total Operating Expenses Operating Loss 293,053 279,573 81,412 70,233 50,695 47,680 68,384 63,995 48,299 44,707 209,328 192,529 74,681 69,856 53,072 54,632 37,247 37,677 39,737 38,850 11,921 55,635 967,829 955,367 (223,669) (215,264) NONOPERATING REVENUES (EXPENSES) Government Appropriations Financial Aid Grants Investment Activity Gain (Loss) on Sale of Assets, Net Interest Expense Other Nonoperating Items Net Nonoperating Revenues 72,425 70,726 36,083 32,348 30,325 21,913 735 (5,802) (32,434) (32,544) 84,358 72,116 191,492 158,757 (32,177) (56,507) Loss Before Net Capital Additions and Special Items CAPITAL ADDITIONS (DEDUCTIONS) AND SPECIAL ITEMS Debt Service Appropriations 1,972 1,972 Capital Grants and Gifts 141,230 46,383 Perkins Loan Program Termination (19,287) Net Capital Additions and Special Items 123,915 48,355 Increase (Decrease) In Net Position NET POSITION 91,738 (8,152) Beginning Balance (Previously Reported) 849,550 872,306 Restatement from Implementation of GASB 75 (Note 2) Beginning Balance (Restated) (14,604) 849,550 857,702 Ending Balance $ 941,288 $ 849,550 The accompanying notes are an integral part of these financial statements. 18 University of Oregon#21Statement of Activities UO Foundation For The Year Ended June 30, Revenues 2019 2018 (In thousands) Grants, Bequests, and Gifts $ 235,665 $ 115,914 Investment Income, Net 58,890 77,439 Change in Value of Life Income Agreements (3,347) 1,352 Other Revenues 2,060 1,048 Total Revenues 293,268 195,753 Expenses University Support General and Administrative Total Expenses Increase In Net Assets Net Assets 153,366 107,544 6,762 160,128 7,874 115,418 133,140 80,335 Beginning Balance 1,612,777 Ending Balance $ 1,745,917 $ 1,532,442 1,612,777 The accompanying notes are an integral part of these financial statements. 2019 Annual Financial Report 19#22Statement of Cash Flows For the Years Ended June 30, CASH FLOWS FROM OPERATING ACTIVITIES Tuition and Fees Grants and Contracts Educational Department Sales and Services Auxiliary Enterprises Operations Payments to Employees for Compensation and Benefits Payments to Suppliers Student Financial Aid Other Operating Receipts (Payments) Net Cash Provided (Used) by Operating Activities CASH FLOWS FROM NONCAPITAL FINANCING ACTIVITIES Government Appropriations Financial Aid Grants Other Gifts and Private Contracts University 2019 2018 (In thousands) $ 386,869 $ 388,383 122,387 110,909 16,835 15,905 211,933 198,240 (650,395) (607,244) (190,257) (190,957) (36,953) (36,420) (11,845) (151,426) 18,981 (102,203) 72,425 70,726 36,083 32,348 84,358 72,116 Net Agency Fund Receipts (Payments) 189 (4,145) Net Cash Provided (Used) by Noncapital Financing Activities 193,055 171,045 CASH FLOWS FROM CAPITAL AND RELATED FINANCING ACTIVITIES Debt Service Appropriations 1,972 1,972 Capital Grants and Gifts 137,640 45,827 Bond Proceeds from Capital Debt 70,693 Sales of Capital Assets 1,833 79 Purchases of Capital Assets (153,723) (110,330) Interest Payments on Capital Debt (34,351) (33,034) Principal Payments on Capital Debt (21,229) (20,690) Net Cash Provided (Used) by Capital and Related Financing Activities (67,858) (45,484) CASH FLOWS FROM INVESTING ACTIVITIES Proceeds from Sales and Maturities of Investments Purchase of Investments Earnings on Investments and Cash Balances Net Cash Provided (Used) by Investing Activities NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS CASH AND CASH EQUIVALENTS Beginning Balance Ending Balance (7,648) 3,133 (5,025) (60,025) 22,956 19,255 10,283 (37,637) (15,946) (14,279) 278,319 292,598 $ 262,373 $ 278,319 The accompanying notes are an integral part of these financial statements. 20 University of Oregon#23Statement of Cash Flows-Continued For the Years Ended June 30, RECONCILIATION OF OPERATING LOSS TO NET CASH USED BY OPERATING ACTIVITIES Operating Loss Adjustments to Reconcile Operating Loss to Net Cash Provided (Used) by Operating Activities: Depreciation Expense Changes in Assets and Liabilities: Accounts Receivable Notes Receivable Inventories Prepaid Expenses Change in Deferred Outflows Change in Components of Net Pension & OPEB Liabilities Accounts Payable and Accrued Liabilities Long-Term Liabilities Unearned Revenue NET CASH USED BY OPERATING ACTIVITIES University 2019 (In thousands) 2018 $ (223,669) $ (215,264) 65,553 65,351 (19,615) (2,699) 2,550 (126) 54 (231) (1,886) 273 (147) (174) 11,921 55,635 14,287 4,826 324 (5,051) (798) (4,743) $ (151,426) $ (102,203) NONCASH INVESTING, NONCAPITAL FINANCING, AND CAPITAL AND RELATED FINANCING TRANSACTIONS Capital Assets Acquired by Gifts in Kind $ (3,591) $ (556) Increase in Fair Value of Investments Recognized as a Component of Investment Activity Non-cash Changes to State Note Payable Forward Currency Exchange Contracts Gain/(Loss) The accompanying notes are an integral part of these financial statements. 7,369 (1,208) (147) 2,658 (1,421) (174) 2019 Annual Financial Report | 21#24Notes to the Financial Statements For the Year Ended June 30, 2019 (dollars in thousands) 1. Organization and Summary of Significant Accounting Policies A. Reporting Entity The UO financial reporting entity consists of the university itself and one university foundation (UO Foundation), which is reported as a discretely presented component unit in the UO Financial Statements. See Note 18. University Foundation for additional information relating to this component unit. Organizations that are not financially accountable to the UO, such as booster and alumni organizations, are not included in the reporting entity. Previously a member institution of the Oregon University System (OUS), the UO became an independent public entity, with statewide purposes and missions, effective July 1, 2014. The OUS ceased operations effective June 30, 2015. The UO has separate legal standing and possesses the corporate powers that distinguish it as being legally separate from the State of Oregon. The UO is included as a discretely presented component unit in the Comprehensive Annual Financial Report issued by the state starting with the fiscal year 2015 financial report. manage, The University of Oregon Board of Trustees (BOT) is the UO's governing body. The broad responsibilities of this 15-member group are to supervise, coordinate, and regulate the UO, as provided by state statute. The trustees may exercise all powers, rights, duties, and privileges expressly granted by law, or that are incidental to their responsibilities. The membership of the BOT is established by law. With the exception of the UO president, the trustees are appointed by the state governor and are subject to confirmation by the state senate in the manner prescribed by law. To assist the governor in appointing trustees, the BOT may submit a list of nominees to the governor for consideration whenever there is a vacancy. B. Financial Statement Presentation The UO financial accounting records are maintained in accordance with US Generally Accepted Accounting Principles (GAAP) as prescribed in applicable pronouncements of the Governmental Accounting Standards Board (GASB). The UO prepares and presents its financial information in accordance with GASB Statement No. 34, Basic Financial Statements - and Management's Discussion and Analysis - for State and Local Governments (GASB 34). GASB 34 established the requirements and reporting model for annual financial statements. GASB 34 requires that financial statements be accompanied by a narrative introduction and analytical overview of the reporting entity in the form of an MD&A. The UO has also adopted GASB Statement No. 35, Basic Financial Statements - and Management's Discussion and Analysis - for Public Colleges and Universities - an amendment of GASB Statement No. 34, as well as GASB Statement 63, Financial Reporting of Deferred Outflows of Resources, Deferred Inflows of Resources, and Net Position. These statements establish accounting and financial reporting standards for public colleges and universities within the financial reporting guidelines of GASB 34. In preparing the financial statements, significant interfund transactions and balances between university funds have been eliminated. Unless otherwise stated, dollars are presented in thousands. Financial statements of the UO Foundation are presented in accordance with GAAP prescribed by the Financial Accounting Standards Board (FASB). Newly Implemented Accounting Standards The UO implemented GASB Statement No. 83, Certain Asset Retirement Obligations for the fiscal year ending June 30, 2019. GASB Statement No. 83 improves accounting and financial reporting for certain asset retirement obligations (AROs). An ARO is a legally enforceable liability associated with the retirement of a tangible capital asset. It establishes criteria for determining the timing and pattern of recognition of a liability and a corresponding deferred outflow of resources for AROS. The UO has no asset retirement liabilities that are subject to the requirements of this statement. The UO implemented GASB Statement No. 88, Certain Disclosures Related to Debt, including Direct Borrowings and Direct Placements, effective for the fiscal year ending June 30, 2019. GASB Statement No. 88 improves disclosures related to debt, including direct borrowings and direct placements and clarifies which liabilities should be included when disclosing information related to debt. See Note 10. Long-Term Liabilities. Upcoming Accounting Standards The UO is analyzing the effects of the adoption of the following GASB statements and is uncertain of the impact on the financial statements and related reporting requirements at this time. 22 University of Oregon#25Notes to the Financial Statements For the Year Ended June 30, 2019 (dollars in thousands) In January 2017, GASB issued Statement No. 84, Fiduciary Activities. This Statement improves guidance regarding the identification of fiduciary activities of all state and local governments, and for accounting and financial reporting of those activities. The Statement is effective for the fiscal year ending June 30, 2020, and will apply to custodial funds held by the UO primarily for student groups. In June 2017, GASB issued Statement No. 87, Leases. The objective of this Statement is to better meet the information needs of financial statement users by improving accounting and financial reporting for leases by governments. The Statement is effective for the fiscal year ended June 30, 2021. In August 2018, GASB issued Statement No. 90, Majority Equity Interests. The primary objectives of this Statement are to improve the consistency and comparability of reporting a government's majority equity interest in a legally separate organization and to improve the relevance of financial statement information for certain component units. The Statement is effective for the fiscal year ending June 30, 2020. In May 2019, GASB issued Statement No. 91, Conduit Debt Obligations. The primary objectives of this Statement are to provide a single method of reporting conduit debt obligations by issuers and eliminate diversity in practice associated with (1) commitments extended by issuers, (2) arrangements associated with conduit debt obligations, and (3) related note disclosures. The Statement is effective for the fiscal year ending June 30, 2021. C. Basis of Accounting For financial reporting purposes, the UO is considered a special-purpose government engaged only in business-type activities. Accordingly, the UO financial statements are presented using the economic resources measurement focus and the accrual basis of accounting. Under the accrual basis, revenues are recognized when earned and expenses are recorded when incurred. D. Cash and Cash Equivalents Cash and cash equivalents include highly liquid investments with original maturities of three months or less. Cash and cash equivalents consist of cash and investments held by the UO and cash held in the Oregon Short Term Fund (OSTF). Cash and cash equivalents restricted for capital construction and agency funds are classified as noncurrent assets in the SNP. E. Investments Investments are reported at fair value as determined by market prices. Unrealized gains or losses on investments are reported as investment activity in the SRE. Investments are classified as noncurrent assets in the SNP. Various inputs are used in determining the fair value of investments. These inputs to valuation techniques are categorized into a fair value hierarchy consisting of three broad levels for financial statement purposes as follows: Level 1 - unadjusted price quotations in active markets/exchanges for identical assets or liabilities, that each fund has the ability to access. - Level 2 other observable inputs including, but not limited to, quoted prices for similar assets or liabilities in markets that are active, quoted prices for identical or similar assets or liabilities in markets that are not active, inputs other than quoted prices that are observable for the assets or liabilities (such as interest rates, yield curves, volatilities, loss severities, credit risks, and default rates) or other market-corroborated inputs. Level 3 - unobservable inputs based on the best information available in the circumstances, to the extent observable inputs are not available (including each fund's own assumptions used in determining the fair value of investments). The hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (Level 1 measurements) and the lowest priority to unobservable inputs (Level 3 measurements). Accordingly, the degree of judgment exercised in determining fair value is greatest for instruments categorized in Level 3. The inputs used to measure fair value may fall into different levels of the fair value hierarchy. In such cases, for disclosure purposes, the fair value hierarchy classification is determined based on the lowest level input that is significant to the fair value measurement in its entirety. The categorization of a value determined for investments is based on the pricing transparency of the investments and is not necessarily an indication of the risks associated with investing in those securities. The UO categorizes its fair value measurements within the fair value hierarchy established by GAAP. The UO has recorded its investments at fair value, and primarily uses the market approach to valuing each 2019 Annual Financial Report | 23#26Notes to the Financial Statements For the Year Ended June 30, 2019 (dollars in thousands) security. The UO applies fair market value updates to its securities on a monthly basis. Security pricing is provided by a third party, and is reported monthly to the UO by its custodian bank. Assets are categorized by asset type, which is a key component of determining hierarchy levels. F. Inventories Inventories are recorded at the lower of average cost or market, and consist primarily of supplies in storerooms and physical plant stores. G. Capital Assets Capital assets are recorded at cost on the date acquired or at fair market value on the date donated. The UO capitalizes equipment with unit costs of $5 or greater and an estimated useful life of greater than one year. Real property acquisitions are capitalized if they meet the capitalization threshold of $50 to $100 depending on the type. Expenditures that increase the functionality and/or extend the useful life of real property are capitalized if they meet thresholds of $50 to $100. Intangible assets with values that meet or exceed the capitalization threshold of $100 are capitalized. Expenditures below the capitalization thresholds, including repairs and maintenance, are charged to operating expense in the year in which the expense is incurred. Depreciation is computed using the straight line method over the estimated useful lives of the assets, generally 15 to 50 years for buildings; 10 to 20 years for infrastructure, land improvements, and improvements other than buildings; 10 years for library materials; 3 to 11 years for equipment; and the useful life of the asset or term of the lease, whichever is less, for leasehold improvements. Amortization terms of intangible assets vary depending on the factors relating to the specific asset. Depreciation is not applied to land, construction in progress, museum collections, works of art, historical treasures, or library special collections. 140 As an institute of higher education in existence for over the UO has acquired significant collections years, of art, rare books, historical treasures, and other special collections. The purpose of these collections is for public exhibition, education, or research in furtherance of public service rather than financial gain. However, because of their inexhaustible nature, these capitalized collections are not depreciated and are reported at book value as non-depreciable capital assets in the SNP. H. Unearned Revenues Unearned revenues include amounts received for tuition and fees, grants and contracts, lease income, and auxiliary enterprises activities in which cash has been received, but revenues will be earned in subsequent fiscal year(s) when eligibility or exchange requirements are met. I. Compensated Absences The UO accrues a liability for vacation leave and other compensated absences that were earned but not used during the current or prior fiscal year for which employees can receive compensation in a future period. Sick leave is recorded as an expense when paid. There is no payout provision for unused sick leave and no resulting liability. J. Deferred Outflows and Inflows of Resources Deferred outflows of resources represent the consumption of net position in one period that is applicable to future periods, and have a positive effect on net position that is similar to assets, but are not considered assets. Deferred inflows of resources represent the acquisition of net position that is applicable to future periods, and have a negative effect on net position that is similar to liabilities, but are not considered liabilities. Deferred outflows and inflows are related to defined benefit pension plans, defined benefit OPEB plans, and net fair value gains or losses on foreign currency forward contracts. K. Pensions For purposes of measuring the net pension liability, deferred outflows and deferred inflows of resources related to pensions, pension expense, information about the fiduciary net position of the Oregon Public Employees Retirement System (PERS), and additions to or deductions from PERS's fiduciary net position have been determined on the same basis as they are reported by PERS. For this purpose, benefit payments (including refunds of employee contributions) are recognized when due and payable in accordance with the benefit term. Investments are reported at fair value. L. Net Position The UO's net position is classified as follows: 24 University of Oregon#27Notes to the Financial Statements For the Year Ended June 30, 2019 (dollars in thousands) Net Investment in Capital Assets Net investment in capital assets represents the total investment in capital assets, net of accumulated depreciation, amortization, and outstanding debt obligations related to those capital assets. Restricted Expendable Restricted-expendable includes resources which the UO is legally or contractually obligated to spend in accordance with restrictions stipulated by external parties. The three types of restricted-expendable net positions are: gifts, grants, and contracts; student loans; and capital projects Unrestricted Unrestricted net position are resources that may be used at the discretion of the UO's management and the BOT. When an expense is incurred that can be paid using either restricted or unrestricted resources, restricted resources are generally applied first. M. Income Taxes The UO is treated as a governmental entity for tax purposes. As such, the UO is generally not subject to federal and state income taxes. However, the UO remains subject to income taxes on any income that is derived from a trade or business regularly carried on and not in furtherance of the purpose for which it was granted exemption from income taxes. No income tax is payable because there is no net unrelated business income for the UO. N. Revenue and Expenses The UO has classified its revenues and expenses as either operating or nonoperating according to the following criteria: Operating revenues and expenses generally have the characteristics of exchange transactions. These transactions can be defined as an exchange in which two or more entities both receive and sacrifice value, such as purchases and sales of goods or services. Examples of operating revenues include student tuition and fees, sales and services associated with auxiliary enterprises, most federal, state, and local grants and contracts, and other operating revenues. Examples of operating expenses include employee compensation and benefits, scholarships and fellowships, utilities, supplies and other services, professional fees, and depreciation. Nonoperating revenues and expenses generally have the characteristics of nonexchange transactions. In a nonexchange transaction, the UO receives value without directly giving equal value in exchange. Examples of nonoperating revenues include state appropriations, nonexchange grants, gifts, and contributions. Nonoperating expenses are defined in GASB Statement No. 9, Reporting Cash Flows of Proprietary and Nonexpendable Trust Funds and Governmental Entities That Use Proprietary Fund Accounting, and GASB 34. Examples of nonoperating expenses include interest on capital asset related debt. O. Allowances Student tuition and fees, and campus housing revenues included in auxiliary enterprise revenues, are reported net of scholarship allowances. A scholarship allowance is the difference between the university's stated rates and charges and the amounts actually paid by students and/or third parties making payments on behalf of the students. Under this approach, scholarships awarded by the university are considered as reductions in tuition and fee revenues rather than expenses. The UO has two types of scholarship allowances that net into tuition and fees. Tuition and housing waivers, provided directly by the UO, amounted to $45,761 and $40,375 for the fiscal years ended 2019 and 2018, respectively. Revenues from financial aid programs (e.g., Pell Grants, Supplemental Educational Opportunity Grants, and Oregon Opportunity Grants) used for paying student tuition and fees and campus housing were estimated to be $42,468 and $41,760 for the fiscal years ended 2019 and 2018, respectively. Bad debt expense related to student accounts is also reported as an allowance against operating revenues and was estimated to be $1,985 and $2,054 for the fiscal years ended 2019 and 2018, respectively. P. Federal Student Loan Programs The UO receives proceeds from the Federal Direct Student Loan Program (FDSLP). Since the UO transmits these grantor-supplied monies without having administrative or direct financial involvement in the program, the activity of the FDSLP is not reported in operations. The UO disbursed federal student loans in the amount of $150,538 and $148,510 for the fiscal years ended 2019 and 2018, respectively. Q. Funds Held in Trust by Others Funds held in trust by others, for which the UO is an income beneficiary, are not recorded in the financial records. The approximate value of such trust funds at June 30, 2019 and 2018, was $764 and $773, respectively. 2019 Annual Financial Report | 25#28Notes to the Financial Statements For the Year Ended June 30, 2019 (dollars in thousands) R. Use of Estimates The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that could affect the reported amounts of assets and liabilities, revenues and expenses, and the disclosure of contingent assets and liabilities at the date of the financial statements. Actual results could differ from those estimates. S. Reclassification Certain items previously reported in the financial statements have been reclassified to conform to the current financial statement presentation, but do not alter the reported change in net position. 2. Restatement of Beginning Net Position Cumulative Effect of Change in Accounting Principle The UO implemented GASB 75 in 2018. According to the PERS it was not practical at the time for them to determine the amounts of all deferred inflows of resources and deferred outflows of resources related to OPEB as of the beginning of the plan year. Because of this, the cumulative effect of applying this Statement was reported as a $14,604 reduction of 2018 beginning net position. July 1, 2017 (previously reported) Cumulative Effect of GASB 75 Implementation July 1, 2017 Restated 3. Cash and Investments $ 857,702 fund. The OSTF is commingled with the State's short- term funds. In seeking to best serve local governments of Oregon, the Oregon Legislature established the Oregon Short Term Fund Board, which is not registered with the US Securities and Exchange Commission as an investment company. The purpose of the Board is to advise the Oregon State Treasury in the management and investment of the OSTF. At the fiscal years ended June 30, 2019 and 2018, the UO cash and cash equivalents on deposit at the state treasury were $170,652 and $194,078, respectively. For the fiscal years ended June 30, 2019 and 2018, the UO also had $88,457 and $89,264 on deposit in financial depositories, respectively. Cash and cash equivalents are classified as current and noncurrent. Cash that is restricted in purpose from an external source is reported on the financial statements as restricted cash and as a non-current asset. The 2019 current portion, $165,217, includes $28,764 designated for payroll-related liabilities. The noncurrent portion, $97,156, includes $2,411 designated for UO student groups and campus organizations. The 2018 current portion, $192,556, includes $26,899 designated for payroll-related liabilities. The noncurrent portion, $85,763, includes $3,154 designated for UO student groups and campus organizations. 2018 $ 872,306 (14,604) 2019 Petty Cash $ Commercial Bank Account Oregon State Treasury Money Market 347 $ 90,085 170,652 198 82,813 194,078 $ 1,289 262,373 $ 1,230 278,319 Deposits and investment securities as described below are exposed to various risks such as those associated with credit, concentration of credit, custodial credit, interest rate, and foreign currency exchange rate. It is likely that the value of the investment securities will fluctuate and such changes might affect the amounts reported in the financial statements. A. Cash and Cash Equivalents The UO maintains the majority of its cash balances on deposit with the state treasury in the OSTF. Deposits in the OSTF are reported at fair value, which approximates cost and its share value. The pool's fair value is presented within cash and cash equivalents in the SNP. The OSTF is administered by the Oregon State Treasury. The OSTF is an open-ended no-load diversified portfolio offered to any agency, political subdivision, or public corporation of the State who by law is made the custodian of, or has control of, any For full disclosure regarding cash and investments managed by the Oregon State Treasury, a copy of their audited annual financial report may be obtained by writing to the Oregon State Treasury, 350 Winter Street NE, Suite 100, Salem, Oregon 97301-3896 or at: www.oregon.gov/treasury/news-data/pages/default.aspx Custodial Credit Risk-Deposits Custodial credit risk is the risk that, in the event of a financial institution failure, cash deposits will not be returned to a depositor. The UO cash balances not deposited with the state treasury are held in accounts that are insured up to defined limits. The financial health of depositories is reviewed at least annually. Foreign Currency Risk-Deposits Deposits in foreign currency run the risk of changing value due to fluctuations in foreign exchange rates. 26 University of Oregon#29Principal Amount EUR € 10 $ 13 7/5/2018 EUR 200 266 7/5/2018 EUR 200 268 7/5/2018 Maturity Contract Date Rate 9/30/2019 $ 1.3215 12/31/2019 1.3318 3/13/2020 Fair Value Adj $ 1.3400 EUR 1,000 1,242 EUR 350 437 EUR 250 315 9/4/2019 1/2/2020 7/1/2019 6/30/2020 9/1/2020 12/17/2020 1.2588 1.2415 (2) (39) (41) (105) 1.2480 $ 2,541 $ (31) (257) GBP £ 68 $ 100 GBP 150 221 GBP 1,000 1,340 7/5/2018 7/5/2018 7/1/2019 12/31/2019 $ 1.4716 $ 3/13/2020 1.4766 6/30/2020 (14) (31) 1.3400 (71) GBP 500 672 9/3/2019 9/1/2020 1.3433 (37) GBP 350 472 1/2/2020 12/17/2020 1.3499 $ 2,805 $ (28) (181) June 30, 2018 Principal Amount Effective Date EUR 500 $ 655 7/3/2017 Maturity Contract Date Rate 6/28/2019 $ 1.3107 Fair Value Adj EUR 200 264 11/24/2017 9/30/2019 1.3215 EUR 200 266 10/2/2017 12/31/2019 1.3318. (33) Notes to the Financial Statements For the Year Ended June 30, 2019 (dollars in thousands) State treasury deposits are in US currency and therefore not exposed to foreign currency risk. To mitigate foreign currency risks for prospective study abroad activities, the UO periodically enters into foreign currency forward contracts. At June 30, 2019 and 2018, respectively, these contracts totaled $5,346 and $3,826 and had a net fair value loss of $438 and $289. The net fair value loss is reported as deferred outflows on the SNP. Notional Currency Amount Notional Currency Amount € June 30, 2019 Effective Date (39) $ (71) (31) adhere to applicable laws and assets are managed as a prudent investor would do, exercising reasonable care, skill, and caution. The UO manages investments as a part of its overall cash and investment pool, which is designed to provide adequate liquidity to meet the cash needs of the UO. Because of the level of risk associated with certain investment securities, it is possible that changes in the values of investment securities could occur in the near term and such changes might affect the amounts reported in the SNP. Significant events in domestic and international investment markets, or actions by the Federal Open Market Committee to influence both short- and long- term interest rates, contribute to price volatility. Consequently, the fair value of the UO's investments is exposed to price volatility, which could result in a change in the fair value of certain investments from the amounts reported as of June 30, 2019. As of June 30, 2019, the UO's total investments consisted of $76,616 in fixed income investments, plus $79,334 invested in all other investments. As of June 30, 2018, the UO's total investments consisted of $66,581 in fixed income investments, plus $69,326 invested in all other investments. EUR 200 268 10/2/2017 3/13/2020 1.3400 (34) EUR 200 233 11/24/2017 4/30/2019 1.1650 1 2019 Investment Type EUR 93 107 11/24/2017 9/28/2018 1.1400 3 EUR 200 $ 232 2,025 5/1/2018 12/31/2018 1.1600 2 Fair Value % of Total Investments $ (163) US Government Notes & Bonds $ 12,820 8 GBP £ 150 $ 219 GBP 150 220 5/1/2018 6/28/2019 $ 1.4589 $ 3/16/2018 9/30/2019 1.4654 (21) US Government Agency Issues 12,154 8 (22) GBP 150 221 3/16/2018 12/31/2019 1.4716 (23) Corporate Notes Asset-Backed Securities 23,224 15 12,196 8 GBP 150 221 3/16/2018 3/13/2020 1.4766 (23) Foreign Issues 15,603 10 GBP 125 171 3/16/2018 4/30/2019 1.3650 (6) GBP 41 56 3/16/2018 9/28/2018 1.3767 (2) Municipal Issues 150 0 GBP 200 276 GBP 228 316 GBP 75 $ 101 1,801 3/16/2018 3/16/2018 3/29/2019 3/16/2018 12/31/2018 12/31/2018 1.3813 (12) Accrued Income 469 0 1.3858 (15) Fixed Income Investments 76,616 49 1.3475 (2) $ (126) Stocks and Equity Investments Other Deposits As of June 30, 2019 and 2018, the UO had vault and petty cash balances of $347 and $198, respectively. In addition, the UO had small amounts of cash relating to debt issuances invested with a fiscal agent. B. Investments The UO funds are invested by the university's treasurer through the university's treasury operations division. Treasury activities are governed by the BOT-approved treasury management policy and its accompanying procedures. In addition, the UO's investment policies Total Investments Partnerships/Alternative Equity T3 Investment Pool 194 3,636 75,504 48 79,334 51 $ 155,950 100 020 2019 Annual Financial Report | 27#30Notes to the Financial Statements For the Year Ended June 30, 2019 (dollars in thousands) Investments of the UO Foundation are summarized at June 30, 2019 as follows: Fair Value at June 30, Corporate Stocks, Bonds, Securities and Mutual Funds Investment in Common Stock, Voting Trust and Partnerships Money Market Funds and Certificates of Deposit Other Total Investments Credit Risk 2019 2018 $ 273,273 $ 261,322 934,196 41,078 2,290 $ 1,250,837 $ 881,823 65,450 2,252 1,210,847 Credit risk is the risk that the issuer of a debt security fails to fulfill its obligations. The UO has separate credit criteria for each segment of the cash and investment pool. See the table below for the UO's investment credit quality ratings at June 30, 2019. 2019 US Government Notes & Bonds US Government Agency Issues Corporate Notes Foreign Issues Municipal Issues Credit Rating (S&P) Fair Value AAA AA A BBB Unrated $ 12,820 $ 12.154 331 23,224 $ 12,820 $ 11,823 2,241 S $ 12,587 8,397 12,196 8,669. 3,527 15,603 3,987 2,479 150 6,964 150 2,173 Fair Value at June 30, 2019: $ 76,147 $ 12,988. $ 29,363 Asset-Backed Securities. Custodial Credit Risk $ 19,701 $ 10,569 $ 3,527 Custodial credit risk refers to the UO's investments that are held by others and not registered in the UO's or the state treasury's name. Currently, all investments are held by the UO and in the UO's name. Custodial credit risk typically occurs in repurchase agreements or securities lending transactions where one transfers cash to a broker-dealer in exchange for securities, but a separate trustee in the name of the broker-dealer holds the securities. The UO does not directly participate in securities lending transactions. However, any funds on deposit with the state treasury may be included in their securities lending program. The state treasury and the Oregon Investment Council have established policy provisions around securities lending to control this risk. See Section C. Securities Lending in this note for additional information. The UO's investment policy and procedures permit repurchase agreements but none existed as of June 30, 2019. Concentration of Credit Risk Concentration of credit risk refers to potential losses if total investments are concentrated with one or few issuers. For the year ended June 30, 2019 the UO held investments, excluding the U.S. Government and its agencies, that were greater than or equal to 5 percent of total investments with the following issuers: Issuer T3 Investment Pool Amount $ 75,504 % 48 The T3 investment pool is a limited liability company (LLC) which is managed 100% for the benefit of the UO. Concentration risk within the pool is managed such that on a cost basis, no more than 20% of the pool may be allocated to a single manager. Foreign Currency Risk Foreign currency risk is the risk that investments may lose value due to fluctuations in foreign exchange rates. At June 30, 2019, the UO had no securities denominated in any foreign currency. Interest Rate Risk Investments in fixed income securities are subject to the risk that changes in interest rates will adversely affect the fair value of the investments. The UO's policies and procedures permit Tier 1 cash and investments a maximum duration of nine months and a maximum maturity of three years. Tier 2 of the cash and investment pool permits a maximum duration of three years and a maximum maturity of five years. Tier 3 of the cash and investment pool is invested as a quasi-endowment, and consequently has no duration or maturity limits. As of June 30, 2019, the UO held $76,616 in fixed income securities, including accrued income of $469. US Government Notes & Bonds US Government Agency Issues Corporate Notes Asset-Backed Securities Foreign Issues Municipal Issues Fair Value Average Duration $ 12,820 3.13 12,154 2.27 23,224 2.80 12,196 1.40 15,603 2.23 150 1.46 Fixed Income Investments $ 76,147 Fixed Income Weighted Average Duration: 2.43 28 University of Oregon#31Notes to the Financial Statements For the Year Ended June 30, 2019 (dollars in thousands) Fair Value The UO had the following recurring fair value measurements as of June 30, 2019: Investments by Fair Value Level US Government Notes & Bonds US Government Agency Issues Corporate Notes. Asset-Backed Securities Foreign Issues Municipal Issues Fair Value Measurements Using Quoted Prices in Active Markets for June 30, 2019 Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) $ 12,820 $ 12,820 $ $ 12,154 12,154 23,224 23,224 12,196 12,196 15,603 15,603 150 150 Stocks and Equities 194 Illiquid Alternative Equities 3,636 Total Investments by Fair Value Level 79,977 12,820 63,327 469 Accrued Income Investments Measured at Net Asset Value (NAV) T3 Investment Pool Total Investments Measured at Fair Value. 75,504 $ 155,950 The UO had the following recurring fair value measurements as of June 30, 2018: Investments by Fair Value Level US Government Notes & Bonds US Government Agency Issues Corporate Notes Asset-Backed Securities Foreign Issues Municipal Issues Significant Unobservable Inputs (Level 3) Fair Value Measurements Using Quoted Prices 194 3,636 3,830 lending transactions. The state treasurer has authorized its custodian to act as its agent in the lending of OSTF securities pursuant to a form of loan agreement, in accordance with OSTF investment policies. There have been no significant violations of the provisions of securities lending agreements during fiscal years 2019 and 2018. The state treasurer's securities lending agent lent short-term and fixed income securities and received as collateral US dollar-denominated cash. Borrowers were required to deliver cash collateral for each loan equal to not less than 102 percent of the market value of the loaned security. The state treasurer did not impose any restrictions during the year on the amount of the loans that the securities lending agent made on its behalf. The state treasurer is fully indemnified by its securities lending agent against losses due to borrower default. There were no losses during the year from the failure of borrowers to return loaned securities. OSTF issues a publicly available financial statement that can be obtained at: www.oregon.gov/treasury/ public-financial-services/oregon-short-term-funds/ Documents/oregon-short-term-fund-osft/OSTF-Annual- Financial-Statement-June-30-2019.pdf D. Investment Activity Investment activity detail is as follows: in Active Markets for June 30, 2018 Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) $ 12,316 $ 12,316 $ $ 8.515 8,515 22,533 22,533 2019 2018 8,065 8,065 13,934 13,934 Net Appreciation of Investments $ 7,369 $ 2,658 817 817 Royalties and Technology Transfer Income 13,919 12,588 Stocks and Equities 169 Illiquid Alternative Equities 3,749 Total Investments by Fair Value Level 70,098 12,316 53,864 169 3,749 3,918 Gain (Loss) on Sale of Investment 1,562 1,402 Investment Earnings 7,475 5,265 Total Investment Activity $ 30,325 $ 21,913 Accrued Income 401 Investments Measured at Net Asset Value (NAV) T3 Investment Pool Total Investments Measured at Fair Value 65,408 $ 135,907 Investments classified in Level 1 of the fair value hierarchy are valued using prices quoted in active markets for those investments. Investments classified in Level 2 of the fair value hierarchy are valued using a matrix pricing technique. Matrix pricing is used to value securities based on the securities' relationship to benchmark quoted prices. Investments classified in Level 3 are valued using a market comparable companies techniques. Limited partnerships are valued using the net asset value practical expedient. C. Securities Lending In accordance with the state treasury investment policies, the state treasurer participates in securities 4. Accounts Receivable Accounts receivable, including amounts due from the UO Foundation, comprised the following: Student Tuition and Fees Auxiliary Enterprises and Other Operating Activities Federal Grants and Contracts UO Foundation State, Other Government, and Private Gifts, Grants and Contracts State Bond Funds-Cap Expense Other Less: Allowance for Doubtful Accounts Accounts Receivable, Net June 30, 2019 June 30, 2018 $ 30,599 9,790 $ 30,908 10,053 10,844 10,640 11,597 11,705 7,911 7,841 23,553 3,899 8,878 7,683 103,172 82,729 (12,143) (11,315) $ 91,029 $ 71,414 2019 Annual Financial Report 29#32Notes to the Financial Statements For the Year Ended June 30, 2019 (dollars in thousands) 5. Notes Receivable Student loans made through the Federal Perkins Loan Program comprise substantially all of the federal student loans receivable at June 30, 2019 and 2018. Notes receivable comprised the following: Current June 30, 2019 Noncurrent Total Current June 30, 2018 Noncurrent Total Institutional and Other Student Loans S Federal Student Loans 1,224 18,209 19,433 - $ 1,224 18,209 19,433 $ 1,428 $ 1,428 3,289 4,717 18,419 18,419 21,708 23,136 Less: Allowance for Doubtful Accounts (311) Notes Receivable, Net $ 19,122 $ - $ (311) 19,122 (412) (1,052) (1,464) $ 4,305 $ 17.367 $ 21,672 The UO administers Title IV Perkins Loans for the benefit of its students. Funds for the Perkins program were initially received through Federal Capital Contributions (FCC) from the U.S. Department of Education (ED) and were supplemented with Institutional Capital Contributions (ICC). The U.S. Congress did not renew the Perkins Loan program after September 30, 2017, and no loan disbursements were permitted past June 30, 2018. In accordance with ED guidance, UO has elected to liquidate its Perkins loan portfolio and assign outstanding loans to ED for servicing. Historically, the balance of the Perkins loans was reported in Notes Receivable (both current and noncurrent) and in Net Position Expendable for Student Loans. Due to the impending portfolio liquidation, balances are being reported solely in Notes Receivable-Current, and an accrued liability has been established for the return of FCC and calculated excess capital (cash) to ED. 30 University of Oregon#33Notes to the Financial Statements For the Year Ended June 30, 2019 (dollars in thousands) 6. Capital Assets The following schedule reflects the changes in capital assets: Capital Assets, Non-depreciable/Non-amortizable: Land Capitalized Collections Construction in Progress Intangible Assets in Progress Total Capital Assets, Non-depreciable/Non-amortizable Capital Assets, Depreciable/ Balance June 30, 2017 Additions Transfer Completed Assets Retire. and Adjust. Balance June 30, Transfer Retire. Completed 2018 Additions Assets and Adjust. Balance June 30, 2019 $ 58,280 42,593 84,551 479 $ $ 732 3,095 15 $ $ (49) 61,375 $ 43,291 $ 3,431 $ $ 98,455 (91,415) 91,591 3,394 147,130 (5) 64,806 46,680 (50,209) 188,512 90 (569) 185,903 99,277 (88,874) (49) 196,257 150,524 (46,778) (5) 299,998 Amortizable: Equipment 127,485 9,057 98 Library Materials 131,877 1,907 Buildings 1,665,732 87,578 (5,129) (415) (5,293) 131,511 133,369 7,708 2,048 581 1,748,017 45,918 (5,228) (295) (1,413) 134,572 135,122 1,792,522 Land Improvements 41,907 Improvements Other Than Buildings 11,220 (9,473) (199) 32,434 103 32,537 11,021 176 Infrastructure 52,234 Intangible Assets 15,364 628 570 (10) 52,852 302 (107) 11,499 52,745 15,934 15,934 Total Capital Assets, Depreciable/Amortizable 2,045,819 10,964 88,874 (20,519) 2,125,138 9,756 46,778 (6,741) 2,174,931 Less Accumulated Depreciation/ Amortization for: Equipment (95,576) (8,723) 5,012 (99,287) (8,928) 4,847 (103,368) Library Materials (119,664) (2,550) 391 (121,823) (2,421) 273 (123,971) Buildings (468,958) (48,465) 2,816 (514,607) (49,300) 445 (563,462) Land Improvements (20,836) (2,570) 6,260 (17,146) (1,932) (19,078) Improvements Other Than Buildings (9,795) (303) 199 (9,899) (319) (23) (10,241) Infrastructure (29,299) (2,125) 10 (31,414) (2,130) 107 (33,437) Intangible Assets (9,148) (616) (9,764) (524) (10,288) Total Accumulated Depreciation/ Amortization (753,276) Total Capital Assets, Net $ 1,478,446 $ (65,352) 44,889 $ $ 14.688 (5,880) (803,940) $ 1,517,455 $ (65,554) 94,726 5,649 (863,845) $ $ (1,097) $ 1,611,084 Capital Assets Summary Capital Assets, Non-depreciable/ Non-amortizable Capital Assets, Depreciable/ Amortizable Total Cost of Capital Assets Less Accumulated Depreciation/ Amortization $ 185,903 $ 99,277 $ (88,874) $ (49) $ 196,257 $ 150,524 $ (46,778) $ (5) $ 299,998 2,045,819 2,231,722 10,964 110,241 88,874 (20,519) (20,568) 2,125,138 2,321,395 9,756 160,280 46.778 (6,741) (6,746) 2,174,931 2,474,929 (753,276) Total Capital Assets, Net $ 1,478,446 $ (65,352) 44,889 14,688 (803,940) $ $ (5,880) $ 1,517,455 $ (65,554) 94,726 5,649 (863,845) $ $ (1,097) $ 1,611,084 OREGON 6 2019 Annual Financial Report | 31#34Notes to the Financial Statements For the Year Ended June 30, 2019 (dollars in thousands) 7. Operating Leases A. Receivables-Revenues The UO receives income for land, property, and equipment that is leased to external entities. Rental income received from leases was $2,882 and $2,932 for fiscal years 2019 and 2018, respectively. The original cost of assets leased, net of depreciation, was $24,597 and $25,344 for fiscal years 2019 and 2018, respectively. Minimum future lease revenues for noncancelable operating leases at June 30, 2019, were: For the year ending June 30, Currency Forward Purchases OPEB Related Items Pension Related Items Total Deferred Outflows of Resources June 30, June 30, 2019 2018 $ 438 $ 289 3,049 116,825 2,575 109,345 $ 120,312 $ 112,209 9. Accounts Payable and Accrued Liabilities Accounts payable and accrued liabilities comprised the following: 2020 2021 2022 2023 2024 2025-2029 2030-2034 2035-2039 2040-2044 2045-2049 2050-2054 2055-2059 2060-2064 2065 and after Total Minimum Operating Lease Revenues June 30, June 30, 2019 2018 $ 1,542 1,255 Services and Supplies $ 44,072 $ 30,794 1,034 666 Accrued Interest 15,092 15,800 Contract Retainage Payable 6,023 3,057 538 $ 65,187 $ 1,524 49,651 1,010 683 770 672 83 83 83 42 $ 9,985 B. Payables Expenses The UO leases building and office facilities and other equipment under operating leases. Total costs for such leases and rents were $6,291 and $6,614 for fiscal years 2019 and 2018, respectively. At June 30, 2019, minimum future lease payments for noncancelable operating leases were: For the year ending June 30, 2020 $ 5,230 2021 3,913 2022 2,963 2023 2,462 2024 2,330 2025-2029 7,452 2030-2034 2,386 Total Minimum Operating Lease Payments $ 26,736 8. Total Deferred Outflows of Resources Deferred outflows of resources are consumptions of the UO's net position that are applicable to a future reporting period. The following table presents total deferred outflows of resources: 32 University of Oregon#35Notes to the Financial Statements For the Year Ended June 30, 2019 (dollars in thousands) 10. Long-Term Liabilities Long-term liability activity was as follows: Balance July 1, Balance June 30, Amount Due Within One 2018 Additions Reductions 2019 Year Long-Term Portion Long-Term Payment Obligations State of Oregon Note Payable $ 483,418 $ (18,341) $ 465,077 $ 18,568 $ 446,509 University of Oregon Revenue Bonds 170,000 170,000 170,000 UO Revenue Bonds premiums/discounts 29,116 (1,024) 28,092 1,024 27,068 Oregon Department of Energy Loans (SELP) 36,536 (1,955) 34,581 2,053 32,528 PERS Pre-SLGRP Pooled Liability Capital Leases 25,746 (1,980) 23,766 2,254 21,512 48,713 (1,117) 47,596 1,172 46,424 Total Long-Term Payment Obligations 793,529 (24,417) 769,112 25,071 744,041 Other Noncurrent Liabilities Compensated Absences Employee Deferred Compensation Employee Termination Liabilities Unearned Revenue Total Other Noncurrent Liabilities Total Long-Term Liabilities 26,747 18,836 (16,939) 28,644 27,101 1,543 9,560 809 (2,002) 8,367 1,967 6,400 1,717 1,717 750 967 1,987 (117) 1,870 38.294 21,362 (19,058) 40,598 117 29,935 1,753 10,663 $ 55,006 $ 754,704 $ 831,823 $ 21,362 $ (43,475) $ 809,710 Balance July 1, 2017 Additions Reductions Balance June 30, 2018 Amount Due Within One Year Long-Term Portion Long-Term Payment Obligations State of Oregon Note Payable University of Oregon Revenue Bonds UO Revenue Bonds premiums/discounts Oregon Department of Energy Loans (SELP) PERS Pre-SLGRP Pooled Liability Capital Leases $ 501,837 $ $ (18,419) $ 483,418 $ 18,341 $ 465,077 110,000 19,158 60,000 10,693 170,000 170,000 (735) 29,116 1,024 28,092 38,423 (1,887) 36,536 1,968 34,568 27,357 (1,611) 25,746 1,611 24,135 49,783 (1,070) 48,713 1,117 47,596 Total Long-Term Payment Obligations 746,558 70,693 (23,722) 793,529 24,061 769,468 Other Noncurrent Liabilities Compensated Absences Employee Deferred Compensation Employee Termination Liabilities Unearned Revenue Total Other Noncurrent Liabilities Total Long-Term Liabilities Other Postemployment Benefits Total Long-Term Liabilities 21,818 53,060 (48,131) 26,747 25,158 1,589 10,473 (913) 9,560 1,899 7,661 867 2,104 (867) 35,262 53,060 (117) (50,028) 1,987 117 38,294 27,174 1,870 11,120 $ 781,820 $ 123,753 $ (73,750) $ 831,823 $ 51,235 $ 780,588 6,472 $ 788,292 With the implementation of GASB 75, the category Other Postemployment Benefits is now in another noncurrent liabilities classification called Net Pension & OPEB Liabilities. Refer to Note 14. Other Postemployment Benefits. 2019 Annual Financial Report | 33#36Notes to the Financial Statements For the Year Ended June 30, 2019 (dollars in thousands) The schedule of principal and interest payments for the UO's long-term payment obligations is as follows: For the Year Ending June 30, State Note Revenue Bonds SELP SLGRP Capital Leases Total Payments Principal Interest 2020 $ 42,378 $ 8,500 $ 3,549 $ 3,930 $ 3,335 $ 61,692 $ 24,049 $ 37,644 2021 41,027 8,500 3,549 3,930 3,333 60,339 24,607 35,733 2022 39,596 8,500 3,549 3,930 3,319 58,894 24,483 34,412 2023 39,549 8,500 3,549 3,930 3,309 58,837 25,660 33,177 2024 39,563 8,500 3,548 3,930 3,309 58,850 26,954 31,896 2025-2029 187,494 42,500 17,743 12,270 16,546 276,553 138,749 137,802 2030-2034 165,760 42,500 9,407 16,545 234,212 130,096 104,116 2035-2039 144,947 42,500 644 12,466 200,557 129,195 71,362 2040-2044 36,817 42.500 12,466 91,783 43,803 47,980 2045-2049 190,500 3,532 194,032 173,424 20,608 Total Future Payment Obligations 737,131 403,000 45,538 31,920 78,160 1,295,749 $ 741,020 $ 554,729 Less: Interest Component of Future Payments Principal Portion of Future Payments Adjusted by: Unamortized Bond Premiums (272,054) (233,000) (10,957) (8,154) (30,564) (554,729) 465,077 170,000 34,581 23,766 47,596 741,020 28,092 28,092 Total Long-Term Payment Obligations $ 465,077 $ 198,092 $ 34,581 $ 23,766 $ 47,596 $ 769,112 The State of Oregon has issued various debt instruments to fund capital projects at the UO. These debt instruments include general obligation bonds under articles XI-F(1), XI-G, and XI-Q of the Oregon Constitution, certificates of participation (COPs), and lottery bonds. As of July 1, 2014, all of the state debt instruments for which the UO had a payment obligation became part of a new Agreement for Debt Management (ADM). The UO also borrows funds from the Oregon Department of Energy. Principal and interest amounts due relating to the UO's share of these debt issuances are payable to the state. In addition, the UO has independently issued general revenue bonds to fund capital projects. A. Agreement for Debt Management (ADM) In connection with the UO becoming an independent public entity with statewide purposes and missions, the UO entered into an ADM dated July 1, 2014, with the state. The ADM was amended and restated on July 1, 2015 and July 1, 2017. It stipulates that all of the principal and interest associated with general obligation bonds under article XI-F(1) bonds, XI-Q bonds, and COPs, that were deemed university-paid as of July 1, 2014, are to be paid to the state from UO revenues and are displayed as State of Oregon Note Payable. B. State-Paid Bonds During the fiscal year ended June 30, 2019, the state issued bonded indebtedness applicable to the UO as follows: • XI-G tax-exempt bonds series 2019 G of $141,855, • with effective rates ranging from 1.43 to 2.88 percent, are due serially through 2044, for capital construction. The UO's expected portion of the 2019 G bond sale was $70,000 for Knight Campus for Accelerating Scientific Impact Phase 1 & 2 construction. The UO will receive these amounts on a reimbursement basis as capital grants, and the state will be responsible for all principal and interest payments. XI-Q tax-exempt bonds series 2019 A of $316,860, with effective rates ranging from 1.65 to 3.30 percent, are due serially through 2044 for capital construction. The UO's expected portion of the 2019 A bond sale was $12,478 for capital improvement and renewal projects. The UO will receive these amounts on a reimbursement basis as capital grants and the state will be responsible for all principal and interest payments. C. General Revenue Bonds During the year ended June 30, 2019, no new general revenue bonds were issued. During the fiscal year ended June 30, 2018, the UO issued tax exempt general revenue bond series 2018 A of $60,000, with net proceeds of $70,693, due April 1, 2048, with an effective rate of 2.96 percent, for capital construction. These bonds have been rated Aa2 by Moody's. Interest payments are due semiannually. 34 University of Oregon#37Notes to the Financial Statements For the Year Ended June 30, 2019 (dollars in thousands) General revenue bonds are payable solely from and secured by a pledge of general revenues, less amounts required when due under the ADM. The amounts pledged were $654,130 and $653,059 as of June 30, 2019 and 2018, respectively. Pledged revenues include all tuition, fees, charges, rents, revenues, and other income (including interest and dividends) of the university, if and to the extent such funds are not restricted in their use by law, regulation, or contract. D. Oregon Department of Energy Loans The UO has entered into loan agreements with the State of Oregon Department of Energy (DOE) Small Scale Energy Loan Program (SELP) for energy conservation projects at the UO. The UO makes monthly loan payments (principal and interest) to the DOE in accordance with the loan agreements. SELP loans, with effective rates ranging from 3.87 percent to 5.50 percent, are due through fiscal year 2035. E. Defeased Debt The UO participates in a debt portfolio managed by the state and subject to the ADM. When fiscally appropriate, the state will sell bonds and use the proceeds to defease other debt. During the years ended June 30, 2019, and June 30, 2018, the state did not issue bonds to defease debt applicable to the UO. F. Financial Guarantees The UO is a state governmental entity, engaged only in business-type activities. As of June 30, 2019, no amounts have directly been paid by the state for the UO's financial obligations, both cumulatively and during the current reporting period. G. Employee Deferred Compensation The UO has a Section 415(m) excess benefit plan. Section 415(m) plans are unfunded plans and used as a means of deferring taxation on regular pension plan contributions by public employees in excess of the limitations otherwise imposed on the Oregon Public Universities Tax-Deferred Investment 403(b) plan. The 415(m) plan is offered to highly compensated employees whose contributions would otherwise be limited by Internal Revenue Code Section 415. H. Employee Termination Liabilities The UO is making liquidated damages payments to a former employee relating to early termination of their employment contract. The payout of this liability extends through fiscal year 2022. The liability is reported using a discounted present value of expected future benefit payments, with an annual discount rate of 2.75 percent. I. Capital Leases The UO has acquired assets under capital lease agreements. The cost of UO assets held under capital leases totaled $52,294 for both fiscal years ended June 30, 2019 and 2018. Accumulated depreciation of leased equipment and buildings totaled $5,300 and $4,028 for June 30, 2019 and 2018, respectively. The lease purchase (capital lease) contracts run through fiscal year 2046. The capital leases are recorded at the present value of the minimum future lease payments at the inception date. The weighted average of interest rates on capitalized leases is 4.59 percent. J. State and Local Government Rate Pool Prior to the formation of the PERS State and Local Government Rate Pool (SLGRP), the state and community colleges were pooled together in the State and Community College Pool (SCCP), and local government employers participated in the Local Government Rate Pool (LGRP). These two pools combined to form the SLGRP effective January 1, 2002, at which time a transitional pre-SLGRP pooled liability was created. The pre-SLGRP pooled liability is essentially a debt owed to the SLGRP by the SCCP employers. The balance of the pre-SLGRP pooled liability attributable to the state is being amortized over the period ending December 31, 2027. The liability is allocated by the state, based on salaries and wages, to all public universities, state proprietary funds, and the government-wide reporting fund in the Oregon Comprehensive Annual Financial Report. The UO paid interest expense on the liability in the amounts of $1,703 and $1,763 for June 30, 2019 and 2018, respectively. Principal payments of $1,980 and $1,611 were applied to UO's liability for June 30, 2019 and 2018, respectively. 2019 Annual Financial Report |35#38Notes to the Financial Statements For the Year Ended June 30, 2019 (dollars in thousands) 11. Government Appropriations Government appropriations comprised the following: General Operations June 30, 2019 Debt Service Total $ 71,910 $ 1,972 $ 73,882 515 State General Fund State Lottery Funding Total Appropriations $ 515 72,425 $ 1,972 $ 74,397 June 30, 2018 General Operations Debt Service Total State General Fund State Lottery Funding Total Appropriations $ 70,211 $ 1,972 $ 515 $ 70,726 $ 1,972 $ 12. Pension and OPEB Liabilities 72,183 515 72,698 The UO participates in multiple employer pension and OPEB plans. The following table presents the university's proportion of the liabilities: June 30, 2019 June 30, 2018 Net OPEB Liability (RHIPA) $ Total OPEB Liability (PEBB) Net Pension Liability 2,210 $ 13,135 305,554 3,777 12,221 298,606 Net Pension & OPEB Liabilities $ 320,899 $ 314,604 13. Employee Retirement Plans The UO offers various retirement plans to qualified employees as described below. Oregon Public Employees Retirement System-Oregon Public Service Retirement Plan General information about the Pension Plan Name of the pension plan: The Oregon Public Employees Retirement System (PERS) is a cost-sharing multiple- employer defined benefit plan. Plan description: Eligible employees of the UO, except those who select the Optional Retirement Plan (ORP), are provided with pensions through PERS. PERS memberships prior to January 1, 1996 are Tier One members. The 1995 Oregon Legislature enacted Chapter 654, Section 3, Oregon Laws 1995, which has been codified into ORS 238.435. This legislation created a second tier of benefits for those who established membership on or after January 1, 1996. The second tier does not have the Tier One assumed earnings rate guarantee and has a higher normal retirement age of 60, compared to 58 for Tier One. Both Tier One and Tier Two are defined benefit plans. The ORS Chapter 238 Defined Benefit Pension Plan is closed to new members hired on or after August 29, 2003. The 2003 Legislature enacted HB 2020, codified as ORS 238A, which created the Oregon Public Service Retirement Plan (OPSRP). OPSRP consists of the Pension Program Defined Benefit (DB) and the Individual Account Program (IAP). The IAP is a defined contribution plan. Membership includes public employees hired on or after August 29, 2003. Beginning January 1, 2004, PERS active Tier One and Tier Two members became members of IAP of OPSRP. PERS members retained their existing Defined Benefit Plan accounts, but member contributions are now deposited into the member's IAP account, not into the member's Defined Benefit Plan account. Accounts are credited with earnings and losses, net of administrative expenses. OPSRP is part of PERS and is administered by the PERS Board. PERS issues a publicly available financial report that can be obtained at: www.oregon.gov/pers/Pages/Financials/ Actuarial-Financial-Information.aspx. Benefits provided under Chapter 238- Tier One/Tier Two 1. Pension Benefits. The PERS retirement allowance is payable monthly for life. It may be selected from 13 retirement benefit options. These options include survivorship benefits and lump-sum payouts. The basic benefit is based on years of service and final average salary. A percentage (2.0 percent for police and fire employees, 1.67 percent for general service employees) is multiplied by the number of years of service and the final average salary. Benefits may also be calculated under either a formula plus annuity (for members who were contributing before August 21, 1981) or a money match computation if a greater benefit results. A member is considered vested and will be eligible at minimum retirement age for a service retirement allowance if he or she has had a contribution in each of five calendar years or has reached at least 50 years of age before ceasing employment with a participating employer (age 45 for police and fire members). General service employees may retire after reaching age 55. Police and fire members are eligible after reaching age 50. Tier One general service employee benefits are reduced if retirement occurs prior to age 58 with fewer than 30 years of service. Police and 36 University of Oregon#39Notes to the Financial Statements For the Year Ended June 30, 2019 (dollars in thousands) fire member benefits are reduced if retirement occurs prior to age 55 with fewer than 25 years of service. Tier Two members are eligible for full benefits at age 60. 2. Death Benefits. Upon the death of a non-retired member, the beneficiary receives a lump-sum payout of the member's account balance (accumulated contributions and interest). In addition, the beneficiary will receive a lump-sum payment from employer funds equal to the account balance, provided one or more of the following conditions are met: • Member was employed by a PERS employer at the time of death, • Member died within 120 days after termination of PERS- covered employment, • Member died as a result of injury sustained while employed in a PERS-covered job, or • Member was on an official leave of absence from a PERS- covered job at the time of death. 3. Disability Benefits. A member with 10 or more years of creditable service who becomes disabled from other than duty-connected causes may receive a non-duty disability benefit. A disability resulting from a job-incurred injury or illness qualifies a member for disability benefits regardless of the length of PERS-covered service. Upon qualifying for either a non-duty or duty disability, service time is computed to age 58 (55 for police and fire members) when determining the monthly benefit. 4. Benefit Changes After Retirement. Members may choose to continue participation in a variable equities investment account after retiring and may experience annual benefit fluctuations due to changes in the market value of equity investments. Under ORS 238.360 monthly benefits are adjusted annually through cost-of-living adjustments (COLA). If the member's annual benefit is $60 or less, the benefit shall be increased by 1.25 percent. Members with annual benefits more than $60, the benefit shall be increased by $0.75 plus 0.15 percent of the amount of the annual benefit exceeding $60. Oregon Public Service Retirement Plan (OPSRP) Pension Program 1. Pension Benefits. The OPSRP provides a life pension funded by employer contributions to members hired on or after August 29, 2003. Benefits are calculated with the following formula for members who attain normal retirement age: General service: 1.5 percent is multiplied by the number of years of service and the final average salary. Normal retirement age for general service members is age 65, or age 58 with 30 years of retirement credit. Police and fire: 1.8 percent is multiplied by the number of years of service and the final average salary. Normal retirement age for police and fire members is age 60 or age 53 with 25 years of retirement credit. To be classified as a police and fire member, the individual must have been employed continuously as a police and fire member for at least five years immediately preceding retirement. A member of the OPSRP pension program becomes vested on the earliest of the following dates: the date the member completes 600 hours of service in each of five calendar years; the date the member reaches normal retirement age; if the pension program is terminated, the date on which termination becomes effective. 2. Death Benefits. Upon the death of a non-retired member, the spouse or other person who is constitutionally required to be treated in the same manner as the spouse, receives for life 50 percent of the pension that would otherwise have been paid to the deceased member. 3. Disability Benefits. A member who has accrued 10 or more years of retirement credits before the member becomes disabled, or a member who becomes disabled due to job-related injury shall receive a disability benefit of 45 percent of the member's salary determined as of the last full month of employment before the disability occurred. 4. Benefit Changes after Retirement. Under ORS 238A.210 monthly benefits are adjusted annually through COLAs. If the member's annual benefit is $60 or less, the benefit shall be increased by 1.25 percent. Members with annual benefits more than $60, the benefit shall be increased by $0.75 plus 0.15 percent of the amount of the annual benefit exceeding $60. Contributions PERS funding policy provides for monthly employer contributions at actuarially-determined rates. These contributions, expressed as a percentage of covered payroll, are intended to accumulate sufficient assets to pay benefits when due. This funding policy applies to the PERS Defined Benefit Plan and the Other Postemployment Benefit Plans. Contribution rates are reviewed bi-annually. Actuarial Valuations The following methods and assumptions were used in the development of the total pension liability: 2019 Annual Financial Report | 37#40Notes to the Financial Statements For the Year Ended June 30, 2019 (dollars in thousands) Valuation Date Measurement Date Experience Study Report Actuarial Cost Method Asset Valuation Method Actuarial Assumptions: Inflation Rate December 31, 2016 June 30, 2018 2016, published July 26, 2017 Entry Age Normal Market value of assets 2.50 percent Long-term Expected Rate of Return 7.20 percent 7.20 percent 3.50 percent Discount Rate Projected Salary Increases Cost of Living Adjustments (COLA) Mortality: Healthy retirees and beneficiaries: Blend of 2.00% COLA and graded COLA (1.25%/0.15%) in accordance with Moro decision; blend based on service. RP-2014 Healthy Annuitant, sex distinct, generational with Unisex, Social Security Data Scale with collar adjustments and set-backs as described in valuation. Active members: RP-2014 Employees, sex distinct, generational with Unisex, Social Security Data Scale with collar adjustments and set-backs as described in valuation. Disabled retirees: RP-2014 Disabled retirees, sex distinct, generational with Unisex, Social Security Data Scale. Actuarial Methods and Assumptions Actuarial valuations of an ongoing plan involve estimates of the value of projected benefits and assumptions about the probability of events far into the future. Actuarially- determined amounts are subject to continual revision as actual results are compared to past expectations and new estimates are made about the future. Experience studies are performed as of December 31 of even numbered years. The methods and assumptions shown above are based on the 2016 experience study, which reviewed experience for the four-year period ending on December 31, 2016. An actuarial valuation of the system is performed to determine the level of employer contributions. The most recently completed valuation was performed as of December 31, 2016. The valuation included projected payroll growth at 3.50 percent. The pension benefit obligation is a standardized disclosure measure of the present value of pension benefits. It is adjusted for the effects of projected salary increases estimated to be payable in the future as a result of employee service to date. Pension Plan Liability The components of the Plan's collective net pension liability as of the measurement dates: As of June 30, Total Pension Liability Plan Fiduciary Net Position Plan Net Pension Liability 2018 2017 $ 84,476,100 $ 79,851,700 69,327,500 66,371,700 $ 15,148,600 $ 13,480,000 Discount Rate The PERS Board reviews the discount rate in odd- numbered years. The discount rate used to measure the total pension liability was 7.20 percent for the defined benefit pension plan. The projection of cash flows used to determine the discount rate assumed that contributions from plan members and those of the contributing employers are made at the contractually required rates, as actuarially determined. Based on those assumptions, the pension plan's fiduciary net position was projected to be available to make all projected future benefit payments of current plan members. Therefore, the long-term expected rate of return on pension plan investments for the defined benefit pension plan was applied to all periods of projected benefit payments to determine the total pension liability. Sensitivity of the UO's Proportionate Share of the Net Pension Liability to Changes in the Discount Rate The sensitivity analysis shows the sensitivity of the UO's proportionate share of the net pension liability to changes in the discount rate. The following presents the UO's proportionate share of the net pension liability calculated using the discount rate of 7.20 percent, as well as what the UO's proportionate share of the net pension liability would be if it were calculated using a discount rate that is one percentage point lower or one percentage point higher than the current rate: 38 University of Oregon#41Notes to the Financial Statements For the Year Ended June 30, 2019 (dollars in thousands) Proportionate share of the net pension liability: Using discount rate 1.00% lower Using discount rate 7.20% ■Using discount rate 1.00% higher Depletion Date Projection High Range OIC Target Assumed Asset Allocation $ 510,638 305,554 Low Asset Class/Strategy 136,274 Range Cash 0.0 % 3.0 % 0.0 % Debt Securities 15.0 25.0 20.0 Public Equity 32.5 42.5 37.5 Private Equity 13.5 21.5 17.5 Real Estate 9.5 15.5 12.5 Alternative Equity 0.0 12.5 12.5 Opportunity Portfolio Total 0.0 3.0 0.0 100 % GASB 68, generally requires that a blended discount rate be used to measure the total pension liability (the actuarial accrued liability calculated using the individual entry age normal cost method). The long- term expected return on plan investments may be used to discount liabilities to the extent that the plan's fiduciary net position is projected to cover benefit payments and administrative expenses. A 20-year high quality (AA/Aa or higher) municipal bond rate must be used for periods where the fiduciary net position is not projected to cover benefit payments and administrative expenses. Determining the discount rate under GASB 68 will often require that the actuary perform complex projections of future benefit payments and asset values. GASB 68 (paragraph 67) does allow for alternative evaluations of projected solvency, if such evaluation can reliably be made. GASB 68 does not contemplate a specific method for making an alternative evaluation of sufficiency; it is left to professional judgment. The following circumstances justify an alternative evaluation of sufficiency for PERS: • PERS has a formal written policy to calculate an Actuarially Determined Contribution (ADC), which is articulated in the actuarial valuation report. • The ADC is based on a closed, layered amortization period, which means that payment of the full ADC each year will bring the plan to a 100 percent funded position by the end of the amortization period if future experience follows assumption. • GASB 68 specifies that the projections regarding future solvency assume that plan assets earn the assumed rate of return and there are no future changes in the plan provisions or actuarial methods and assumptions, which means that the projections would not reflect any adverse future experience which might impact the plan's funded position. Based on these circumstances, it is the PERS independent actuary's opinion that the detailed depletion date projections outlined in GASB 68 would clearly indicate that the fiduciary net position is always projected to be sufficient to cover benefit payments and administrative expenses. Long-Term Expected Rate of Return To develop an analytical basis for the selection of the long-term expected rate of return assumption, in July 2015 the PERS Board reviewed long-term assumptions developed by both Milliman, independent actuarial and consulting firm, and the Oregon Investment Council's (OIC) investment advisors. The table below shows Milliman's assumptions for each of the asset classes in which the plan was invested at that time based on the OIC long-term target asset allocation. The OIC's description of each asset class was used to map the target allocation to the asset classes shown below. Each asset class assumption is based on a consistent set of underlying assumptions, and includes adjustment for the inflation assumption. These assumptions are not based on historical returns, but instead are based on a forward-looking capital market economic model. Asset Class Core Fixed Income Short-Term Bonds. Compound Annual (Geometric) Return Target 8.00 % 3.49 % 8.00 3.38 Bank/Leveraged Loans 3.00 5.09 High Yield Bonds 1.00 6.45 Large/Mid Cap US Equities 15.75 6.30 Small Cap US Equities 1.31 6.69 Micro Cap US Equities 1.31 6.80 Developed Foreign Equities 13.13 6.71 Emerging Market Equities 4.13 7.45 Non-US Small Cap Equities 1.88 7.01 Private Equity 17.50 7.82 Real Estate (Property) 10.00 5.51 Real Estate (REITS) 2.50 6.37 Hedge Fund of Funds - Diversified 2.50 4.09 Hedge Fund Event-driven Timber 0.63 5.86 1.88 5.62 1.88 6.15 3.75 6.60 1.88 3.84 Assumed Inflation - Mean 2.50 % Farmland Infrastructure Commodities 2019 Annual Financial Report | 39#42Notes to the Financial Statements For the Year Ended June 30, 2019 (dollars in thousands) Pension Plan Fiduciary Net Position Detailed information about the pension plan's fiduciary net position is available in the separately issued PERS financial report. Pension Liabilities, Pension Expense, Deferred Outflows of Resources, and Deferred Inflows of Resources Related to Pensions At June 30, 2019, the UO reported a liability of $305,554 for its proportionate share of the net pension liability, and pension expense of $43,214. The net pension liability was measured as of June 30, 2018, and the total pension liability used to calculate the net pension liability was determined by an actuarial valuation as of December 31, 2016, and rolled forward to June 30, 2018. At June 30, 2018, the UO reported a liability of $298,606 for its proportionate share of the net pension liability, and pension expense of $85,304. The net pension liability was measured as of June 30, 2017, and the total pension liability used to calculate the net pension liability was determined by an actuarial valuation as of December 31, 2015, and rolled forward to June 30, 2017. The UO's proportionate share of the net pension liability was based Year Ended June 30 Net Pension Expense (Revenue) 2020 $ 39,537 2021 28,319 2022 (2,507) 2023 3,522 2024 1,712 $ 70,583 Rates of every employer have at least two major components: 1. Normal Cost Rate: The economic value is stated as a percent of payroll for the portion of each active member's total projected retirement benefit that is allocated to the upcoming year of service. The rate is in effect for as long as each member continues in PERS-covered employment. The current value of all projected future Normal Cost Rate contributions is the Present Value of Future Normal Costs (PVFNC). The PVFNC represents the portion of the projected long- term contribution effort related to future service. 2. UAL Rate: If system assets are less than the actuarial on its projected long-term contribution effort as compared liability, an Unfunded Actuarial Liability (UAL) exists. to the total projected long-term contribution effort of all employers. At June 30, 2019 and 2018, the university's proportionate share was 2.017 percent and 2.215 percent, respectively. Since the prior measurement date the UO's proportionate share of the collective net pension liability has decreased by 0.198 percent. Differences between expected and actual experience Deferred Outflows of Deferred Inflows of Resources Resources $ 10,394 $ 71,041 6,322 Changes of assumptions Net difference between projected and actual earnings on investments Changes in proportion and differences between employer contributions and proportionate share of contributions Total (prior to post-measurement date contributions) $ 87,757 $ Net Deferred Outflow/Inflow of Resources before contributions subsequent to Measurement Date Contributions made subsequent to measurement date Net Deferred Outflows/Inflows of Resources 70,583 29,069 $ 99,652 13,568 3,606 17,174 Of the $99,652 reported as deferred outflows of resources, $29,069 related to pensions resulting from UO contributions subsequent to the measurement date will be recognized as a reduction of the net pension liability in the year ended June 30, 2020. Other amounts reported as deferred outflows of resources and deferred inflows of resources related to pensions will be recognized in pension expense (revenue) as follows: UAL can arise in a biennium when an event such as experience differing from the assumptions used in the actuarial valuation occurs. An amortization schedule is established to eliminate the UAL that arises in a given biennium over a fixed period of time if future experience follows assumption. The UAL rate is the upcoming year's component of the cumulative amortization schedules, stated as a percent of payroll. The present value of all projected UAL rate contributions is simply the UAL itself. The UAL represents the portion of the projected long-term contribution effort related to past service. Looking at both rate components, the projected long- term contribution effort is just the sum of the PVFNC and the UAL. The PVFNC part of the contribution effort pays for the value of future service while the UAL part of the contribution effort pays for the value of past service not already funded by accumulated contributions and investment earnings. The UAL has Tier One/Tier Two and OPSRP components. The Tier One/Tier Two piece is based on the employer's Tier One/Tier Two pooling arrangement. The UO participates in the SLGRP. As a result, its Tier One/Tier Two UAL is the UO's pro-rata share of the pool's UAL. The pro-rata calculation is based on the employer's payroll in proportion to the pool's total payroll. For example, if the employer's payroll is one percent of the pool's total payroll, the employer will be allocated one percent of the pool's UAL. The OPSRP piece of the 40 University of Oregon#43Notes to the Financial Statements For the Year Ended June 30, 2019 (dollars in thousands) UAL follows a parallel pro-rata approach, as OPSRP experience is mandatorily pooled at a statewide level. An employer's PVFNC depends on both the normal cost rates charged on the employer's payrolls, and on the underlying demographics of the respective payrolls. For PERS funding, employers have up to three different payrolls, each with a different normal cost rate: (1) Tier One/Tier Two payroll, (2) OPSRP general service payroll, and (3) OPSRP police and fire payroll. The employer's Normal Cost Rates for each payroll are combined with system-wide present value factors for each payroll to develop an estimated PVFNC. The present value factors are actuarially determined at a system level for simplicity and to allow for the PVFNC calculations to be audited in a timely, cost-effective manner. Because many governments in Oregon have sold pension obligation bonds and deposited the proceeds with PERS (referred to as side accounts or transitional liability or surplus), adjustments are required. After each employer's projected long-term contribution effort is calculated, that amount is reduced by the value of the employer's side account, transitional liability or surplus, and pre-SLGRP liability or surplus (if any). This is done as those balances increase or decrease the employer's projected long-term contribution effort because side accounts are effectively prepaid contributions. Each of the two contribution effort components are calculated at the employer-specific level. The sum of these components across all employers is the total projected long-term contribution effort. OPSRP Individual Account Program (IAP) 1. Pension Benefits. Participants in PERS defined benefit pension plans also participate in the PERS defined contribution plan. An IAP member becomes vested on the date the employee account is established or on the date the rollover account was established. If the employer makes optional employer contributions for a member, the member becomes vested on the earliest of the following dates: the date the member completes 600 hours of service in each of five calendar years; the date the member reaches normal retirement age; the date the IAP is terminated; the date the active member becomes disabled; the date the active member dies. Upon retirement, a member of the OPSRP IAP may receive the amounts in his or her employee account, rollover account, and vested employer account as a lump-sum payment or in equal installments over a 5-, 10-, 15-, 20-year period, or an anticipated life span option. Each distribution option has a two hundred dollar minimum distribution limit. 2. Death Benefits. Upon the death of a non-retired member, the beneficiary receives in a lump sum the member's account balance, rollover account balance, and vested employer optional contribution account balance. If a retired member dies before the installment payments are completed, the beneficiary may receive the remaining installment payments or choose a lump-sum payment. 3. Contributions. The UO has chosen to pay the employees' contributions to the plan. Six percent of covered payroll is paid for general service and police and fire employees. Retirement Bond Debt Service Assessment In 2003, the state legislature authorized the state to sell general obligation bonds in the amount of $2 billion to pay a PERS unfunded actuarial liability. This action reduced the PERS contribution rate for PERS covered employers in the state actuarial pool in November, 2003. The Oregon Department of Administrative Services coordinates the debt service assessments to PERS employers to cover the bond debt service payments. PERS employers are assessed a percentage of PERS- subject payroll to fund the payments. The assessment rate is adjusted biennially over the life of the 24-year debt repayment schedule. The payroll assessment for the pension obligation bond began May, 2004, and at June 30, 2019, is at 6.20 percent. It is scheduled to be paid off in 2027. The rate is contractually required by PERS. Payroll assessments for the pension obligation bond for the fiscal years ended June 30, 2019 and 2018, were $14,103 and $13,359 respectively. Optional Retirement Plan (ORP) The 1995 Oregon Legislature enacted legislation that authorized the OUS to offer a defined contribution retirement plan as an alternative to PERS. After OUS was dissolved, the UO took over management of the ORP on behalf of Oregon's public universities under a shared services agreement. Beginning April 1, 1996, the ORP was made available to the UO unclassified faculty and staff who are otherwise eligible for PERS membership. Employees choosing the ORP may invest the employee and employer contributions in one of multiple investment companies. 2019 Annual Financial Report 41#44Notes to the Financial Statements For the Year Ended June 30, 2019 (dollars in thousands) The ORP consists of four tiers. Membership under ORP Tier One/Tier Two is determined using the same criteria as PERS. Membership under ORP Tier Three is determined using the same criteria as OPSRP. Under the ORP tiers equivalent to PERS Tier One/Tier Two and OPSRP, the employee's contribution rate is 6.00 percent and is paid by the employer. Beginning July 1, 2014, new members of ORP are members of ORP Tier Four. Under Tier Four, the UO contribution is fixed at 8.00 percent by plan rules and the employee's contributions to a tax deferred investment account are matched by the UO up to 4.00 percent. Employees become fully vested in the ORP after five years of participation in the plan. The employer contribution rates for the ORP are as follows: The following schedule lists payments made by the UO for the fiscal year: Employer Contribution June 30, 2019 As a % of Employee Contribution As a % of Covered Covered Payroll Payroll PERS/OPSRP $ $ 29,073 12,914 31 42,018 8.41% $ 13,731 3.97% 3.74% 0.01% 12.16% 6,833 1.98% $ 31 20,595 0.01% 5.96% ORP TIAA Total The UO's total payroll for the year ended June 30, 2018, was $380,619 of which $329,731 was subject to retirement contributions. The following schedule lists payments made by the UO for the fiscal year: 2019 2018 ORP Tier One 23.68% 23.68% ORP Tier Two 23.68% 23.68% OPSRP Equivalent 9.29% 9.29% ORP Tier Four 8.00% 8.00% June 30, 2018 Employer Contribution As a % of Covered Payroll Employee Contribution As a % of Covered Payroll ORP participants who leave employment before vesting in the ORP forfeit their employer share of the ORP contributions, along with the associated investment income (losses) on those contributions. The UO applies the forfeited funds in sequential order to: (1) reinstate a participant's employer share when a participant returns to employment, (2) reimburse ORP administrative expenses, and (3) offset future ORP employer contributions. Teachers Insurance and Annuity Association Plan (TIAA) Eligible unclassified employees who enrolled prior to 1996 may participate in the TIAA retirement program, a defined contribution plan, on all salary in excess of $4.8 per calendar year. Employee contributions are directed to PERS on the first $4.8. The employer contribution to TIAA is an amount sufficient to provide an annuity pension equal to the employee's contributions. To participate in this retirement option, employees must have been hired on or before September 9, 1995. This plan was closed to new enrollment at the time the ORP started in 1996. The UO manages the TIAA plan on behalf of Oregon's public universities under a shared services agreement. All participants of TIAA are fully vested and there will not be any forfeitures. Summary of Pension Payments The UO's total payroll for the year ended June 30, 2019, was $399,796 of which $345,614 was subject to retirement contributions. 42 University of Oregon PERS/OPSRP $ 28,240 13,213 8.56% $ 13,089 3.97% 4.01% 6,549 1.99% Total $ 45 41,498 0.01% 45 0.01% 12.59% $ 19,683 5.97% ORP TIAA 14. Other Postemployment Benefits (OPEB) The UO participates in three (3) defined postemployment healthcare benefit plans which offer benefits to eligible retired state employees and their beneficiaries. These plans allow the UO employees retiring under PERS or OPSRP to continue their healthcare benefits. Plans help retirees defray the cost of insurance premiums until eligible for Medicare, usually at age 65. Plan Descriptions Public Employees' Benefit Board (PEBB) Employees of eligible agencies are allowed to purchase post-retirement medical insurance through PEBB if they retire from active service and, at the time of retirement, are immediately eligible for a pension benefit from Oregon PERS. In addition, retirees must have been enrolled in a PEBB medical or dental plan immediately prior to retirement, and must apply for retiree coverage within 30 days of when active PEBB coverage ends. This is a single- employer defined benefit OPEB plan not administered through a trust. There are no Employer Contributions; benefits are funded by the individual participants on a pay-as-you-go basis. However, the premium amount is based on a blended rate that is determined by pooling the qualifying retirees with active employees, thus, creating#45Notes to the Financial Statements For the Year Ended June 30, 2019 (dollars in thousands) an "implicit rate subsidy." The UO's proportionate share of activity based on percentage of annual health insurance premium costs was $613 calculated at 8.15 percent of the total for the state. Retirement Health Insurance Account (RHIA) is a cost- sharing multiple-employer defined benefit OPEB plan. Established by ORS 238.420, the plan provides a payment of up to $60 toward the monthly cost of health insurance for eligible PERS members. The plan was closed to new entrants hired on or after August 29, 2003. To be eligible to receive this monthly payment toward the premium cost the member must: (1) have eight years or more of qualifying service in PERS at the time of retirement or receive a disability allowance as if the member had eight years or more of creditable service in PERS, (2) receive both Medicare Parts A and B coverage, and (3) enroll in a PERS-sponsored health plan. This multiple-employer cost-sharing defined benefit OPEB plan is administered through a trust. Contributions are actuarially determined as a percentage of payroll. The amounts presented in this note are limited to the UO's proportionate share of activity based on percentage of total contributions, estimated at 2.20 percent of the total. The UO's FY19 RHIA contributions were $1,026. Retiree Health Insurance Premium Account (RHIPA) is considered a cost-sharing multiple-employer defined benefit OPEB plan. Established by ORS 238.415, the plan provides payment of the average difference between the health insurance premiums paid by retired state employees and premiums paid by state employees who are not retired. To be eligible to receive this monthly payment toward the premium cost the member must: (1) have eight years or more of qualifying service in PERS at the time of retirement, or (2) receive a disability pension calculated as if they had eight years of qualifying service but are not eligible for federal Medicare coverage. The plan was closed to new entrants hired on or after August 29, 2003. This single-employer defined benefit OPEB plan is administered through a trust. Contributions are actuarially determined as a percentage of payroll. The amounts presented in this note are limited to the UO's proportionate share of activity based on percentage of total contributions, estimated at 6.25 percent of the total. The UO's FY19 RHIPA Contributions were $934. OPEB Plans Report The PERS RHIA and RHIPA defined benefit OPEB plans are reported separately under Other Employee Benefit Trust Funds in the fiduciary funds combining statements and as part of the Pension and Other Employee Benefit Trust in the state's comprehensive annual financial report. PERS issues a separate, publicly available financial report that includes audited financial statements and required supplementary information. The report may be accessed online at: www.oregon.gov/pers/Pages/ Financials/Actuarial-Financial-Information.aspx PEBB does not issue a separate, publicly available financial report. OPEB Liabilities, OPEB Expense, Deferred Out- flows of Resources, Deferred Inflows of Resources Projections of benefits are based on the substantive plan (the plan as understood by the employer and plan members) and include the types of benefits in force at the valuation date and the pattern of sharing benefit costs between the UO and the plan members to that point. Actuarial calculations reflect a long-term perspective and employ methods and assumptions that are designed to reduce short-term volatility in actuarial accrued liabilities and the actuarial value of assets. Significant methods and assumptions were as follows: Actuarial Valuation Date Measurement Date Actuarial Cost Method Inflation Rate Investment Rate of Return Projected Salary Increases Discount Rate RHIA 12/31/2016 6/30/2018 Entry Age Normal 2.50% 7.20% 3.50% PEBB 7/1/2017 6/30/2019 RHIPA 12/31/2016 6/30/2018 Entry Age Normal 2.50% Entry Age Normal 2.50% 7.20% 3.50% 3.50% 3.50% The discount rate used to measure the total RHIA/ RHIPA liability was 7.20 percent. The PERS Board reviews the discount rate in odd-numbered years. The projection of cash flows used to determine the discount rate assumed that contributions from plan members and those of the contributing employers are made at the contractually required rates, as actuarially determined. Based on those assumptions, the RHIA/RHIPA plan's fiduciary net position was projected to be available to make all projected future benefit payments of current plan members. Therefore, the long-term expected rate of return on OPEB plan investments for the RHIA/RHIPA plan was applied to all periods of projected benefit payments to determine the total OPEB liability. Under GASB 75, PEBB unfunded plans must use a discount rate that reflects a 20-year tax-exempt municipal bond yield or index rate. The assumptions in this report reflect the Bond Buyer 20-Year General Obligation Bond Index. The discount rate in effect for the June 30, 2018 reporting date is 3.87%, and the discount rate in effect for the June 30, 2019 reporting date is 3.50%. 2019 Annual Financial Report | 43#46Notes to the Financial Statements For the Year Ended June 30, 2019 (dollars in thousands) Discount Rate Sensitivity The discount rate sensitivity analysis shows the sensitivity of the total and net OPEB liabilities to Changes in the Discount Rate. The following shows what the university's total and net OPEB liabilities would be if it were calculated using a discount rate that is one percent lower or one percent higher than the current rate: The UO's contributions subsequent to the measurement date will be recognized as a reduction of the net OPEB liability in the succeeding year. Other amounts reported as deferred outflows of resources and deferred inflows of resources related to OPEB will be recognized in OPEB expense (revenue) as follows: Year Ended June 30 (Revenue) Amortizations Amortizations RHIA Expense RHIPA Expense (Revenue) Amortizations PEBB Expense (Revenue) Total and Net OPEB Expense (Revenue) 2020 $ (208) $ (36) $ 13 $ (231) RHIA RHIPA PEBB 7.20% 7.20% 3.50% (2,452) 2,210 (1,428) 2,478 14,292 (3,324) 1,904 12,070 (2,452) 1,790 11,445 (2,452) 2,621 15,165 2021 (210) (35) 13 (232) 2022 (176) (35) 13 (198) 13,135 2023 (53) (27) 13 (67) 2024 (24) 13 (11) Thereafter (21) 65 44 $ (647) $ (178) $ 130 $ (695) Discount rate Fund's Proportionate Share at Measurement Date Using discount rate 1.00% lower. ■Using discount rate 1.00% higher ■Using healthcare cost trend rate 1.00% lower ■Using healthcare costs trend rate 1.00% higher At June 30, 2019, the UO reported deferred outflows of resources and deferred inflows of resources related to OPEB from the following sources: RHIA Deferred Outflows of Deferred Inflows of Resources Resources $ Differences between expected and actual experience $ Changes in assumptions Net difference between projected and actual earnings on investments Changes in proportion and differences between fund contributions and proportionate share of contributions 27 Total (prior to post-measurement date contributions) S 27 $ Net Deferred Outflow/Inflow of Resources before contributions subsequent to Measurement Date Contributions made subsequent to measurement date Net Deferred Outflow/Inflow of Resources $ RHIPA 139 8 529 676 (649) 1,093 444 Deferred Outflows of Deferred Inflows of Resources $ 23 Resources 164 15. Risk Management Effective July 1, 2015, the UO implemented its first independent insurance portfolio as it withdrew from the Public University Risk Management Insurance Trust (PURMIT). Effective October 15, 2016, the UO increased its property insurance coverage to $1,000,000. The total insurable value of property was assessed at $4,200,000 with a self-insured retention of $250. The earth movement and flood damage sublimit is $100,000, with a self-insured retention of $500. The casualty program covers general tort claims as well as directors and officers, errors and omissions, and employment liability. The UO's self-insured retention is $500 for general liability. During the last four fiscal years, no settled claims have exceeded the insurance coverage levels. Property and casualty claims incurred but not reported (IBNR) are estimated at $1,300 beginning 2019. Activity for the year observed claims of $1,438 and payments for $1,425. Ending IBNR is estimated at $1,313. Differences between expected and actual experience S Changes in assumptions Net difference between projected and Property and Casualty 2019 2018 actual earnings on investments 36 Total (prior to post-measurement date Beginning Liability $ contributions) $ 23 $ 200 Claims Incurred Net Deferred Outflow/Inflow of Resources before contributions Claims Payments subsequent to Measurement Date (177) Ending Liability $ 1,300 $ 1,438 (1,425) 1,313 $ 1,543 940 (1,183) 1,300 Contributions made subsequent to measurement date Net Deferred Outflow/Inflow of Resources 843 $ 666 PEBB Deferred Outflows of Deferred Inflows of Resources Resources 227 355 $ $ 128 The UO participates in a student health insurance plan which is controlled and administered by PacificSource Health Plans (PacificSource). The UO implemented self-insurance for this plan in fiscal year 2017. The UO purchases individual and aggregate stop loss coverage. The limit of self-insurance is $200 per claim, with an additional $3,000 of aggregate stop loss coverage above Changes in assumptions Net Deferred Outflow/Inflow of Resources $ 44 University of Oregon#47Notes to the Financial Statements For the Year Ended June 30, 2019 (dollars in thousands) 125 percent of expected claims. The provisions for estimated health insurance claims include estimates of the ultimate costs for both reported claims and claims incurred but not reported. Such claim reserves are based on the best data available to PacificSource; however, these estimates are subject to a significant degree of inherent variability. Accordingly, there is at least a reasonable possibility that a material change to the estimated reserves will occur in the near term. Such estimates are continually monitored and reviewed and reserves are adjusted; the differences are reflected in current operations. The UO paid $4,631 in claims during 2019. The estimate of a claims reserve was $864 for 2019. Student Health Insurance Beginning Claims Reserve Claims Incurred Claims Payments Estimated Incurred But Not Reported (IBNR) Ending Claims Reserve 2019 $ 518 2018 537 3,766 23 4,667 (4,631) 310 (4,056) 271 $ 864 $ 518 outcome of such matters will not have a material effect on the financial statements. The UO participates in certain federal grant programs. These programs are subject to financial and compliance audits by the grantor or its representative. Such audits could lead to requests for reimbursement to the grantor for expenditures disallowed under terms of the grant. Management believes that disallowances, if any, will not have a material effect on the financial statements. The UO has established a risk management program to manage any costs within the respective policy deductibles. The insurance renewal process focused on broadening coverage, reducing portfolio costs, and continuing to monitor campus activities for potential gaps in coverage. The Safety and Risk Services unit works strategically with campus partners to increase risk awareness and safety and reduce injuries and losses. Workers' Compensation claims are administered by the State Accident Insurance Fund (SAIF). Unemployment compensation claims are administered by the Oregon Employment Division pursuant to ORS 657. The UO reimburses the Oregon Employment Division on a quarterly basis for actual benefits paid. Each year, resources are budgeted to pay current charges. The amount of future benefit payments to claimants and the resulting liability to the UO cannot be reasonably determined at June 30, 2019. 16. Commitments and Contingent Liabilities Outstanding commitments on construction projects that are in the planning phase but not yet initiated, as well as partially completed construction projects, totaled approximately $228,448 and $313,995, at June 30, 2019 and 2018, respectively. These commitments will be funded from gifts and grants, bond proceeds, and other UO funds. Refer to the table accompanying this note for projects relating to construction commitments as of June 30, 2019. Multiple and distinct projects within a single building (e.g., Phil and Penny Knight Campus for Accelerating Scientific Impact) are combined into a single line item for this table. The UO is contingently liable in connection with certain other claims and contracts, including those currently in litigation, arising in the normal course of its activities. Management is of the opinion that the OREGONENSIS UNIVERSITAS MENS AGITAT MOLEM 2019 Annual Financial Report | 45#48Notes to the Financial Statements For the Year Ended June 30, 2019 (dollars in thousands) CONSTRUCTION COMMITMENTS AS OF June 30, 2019 Project Description Total Commitment Completed to Date Outstanding Commitment Allen Hall $3,567 $592 $2,975 Bean Hall 48,144 43,352 4,792 Black Cultural Center 2,958 1,107 1,851 Classroom Office Building 2,280 1,335 945 Friendly Hall 1,000 0 1,000 Global Scholars Hall 6,065 3 6,063 Huestis Hall 1,000 314 686 Klamath Hall 26,741 10,308 16,432 Knight Campus for Accelerated Scientific Impact 213,400 74,620 138,780 Lillis Hall 1,000 237 763 Millrace Parking Garage 22,600 212 22,388 Residence Hall Transformation Project 7,000 2,260 4,740 Tykeson Hall 45,139 36,625 8,514 University Health, Counseling, and Testing Center Willamette Hall 19,514 9,344 10,170 2,422 193 2,229 3,280 2,984 296 10,522 $416,632 4,699 5,823 $188,184 $228,448 Projects with < $500 thousand remaining to be spent Project Budgets <$1 million Total 17. Total Deferred Inflows of Resources Deferred inflows of resources are utilization of the UO's net position that are applicable to a future reporting period. The following table presents total deferred inflows of resources: June 30, 2019 June 30, 2018 OPEB Related Items Pension Related Items $ 1,103 17,174 Total Deferred Inflows of Resources $ 18,277 18. University Foundation $ 791 2,495 $ 3,286 Under policies approved by the BOT, the UO Foundation has been recognized by the UO president to provide assistance in fundraising, public outreach, and other support for the mission of the UO. The UO Foundation is a legally separate, tax-exempt entity with an independent governing board. The majority of resources, or income thereon, which the UO Foundation holds and invests are restricted to the activities of the UO by the donors and not controlled directly by the UO. Because these restricted resources held by the UO Foundation can only be used by, or for the benefit of the UO, the UO Foundation is considered a component unit of the UO and is discretely presented in the financial statements. The financial activity is reported for the year ended June 30, 2019. During the fiscal years 2019 and 2018, gifts of $139,861, and $95,503, respectively, were transferred from the UO Foundation to the UO. The foundation also reimbursed the University $13,505 for development costs, administrative support, and various other items in fiscal year 2019. In fiscal year 2018, this amount was $12,041. The UO Foundation is audited annually and received an unmodified audit opinion in 2019 and 2018. Please see the financial statements for the UO Foundation on pages 17 and 19 of this report. Complete financial statements for the UO Foundation may be obtained by writing to the following: University of Oregon Foundation 1720 E. 13th Avenue, Suite 410 Eugene, Oregon 97403-2253 or at uofoundation.org 46 University of Oregon#49Required Supplementary Information For the Year Ended June 30, 2019 (dollars in thousands) Schedule of UO's Proportionate Share of Net Pension Liability / (Asset) Public Employees Retirement System Data reported is measured as of June 30, (measurement date) UO's portion of net pension liability 2019 2018 2017 2016 2015 UO's proportionate share of the net pension liability (asset) UO's covered payroll $ $ 2.017% 2.215% 1.907% 305,554 $ 298,606 $ 286,241 $ 220,698 $ 213,982 $ 208,995 $ 1.654% 1.653% 94,966 $ (37,466) 201,223 $ 188,048 UO's proportional share of the net pension liability (asset) as a percentage of its covered payroll Plan fiduciary net position as a percentage of the total pension liability 138.45% 82.07% 139.55% 83.12% 136.96% 80.53% 47.19% (19.9%) 91.88% 103.59% *The schedule is required to show information for 10 years. However, until a full 10-year trend is compiled, the information presented is for those years for which information is available. Data reported as of June 30, Statutorily-required contribution Contributions made Schedule of UO Contributions Public Employees Retirement System 2019 $ 29,069 $ 29,069 2018 28,235 $ 28,235 2017 2016 19,886 $ 19,845 $ 19,886 19,845 2015 17,662 17,662 201,223 Contribution (deficiency) excess UO's covered payroll Contributions as a percentage of covered payroll $ 233,008 $ 220,698 $ 213,982 $ 208,995 $ 12.48% 12.79% 9.29% 9.50% 8.78% *The schedule is required to show information for 10 years. However, until a full 10-year trend is compiled, the information presented is for those years for which information is available. Schedule of UO's Proportionate Share of the Net OPEB Liability / (Asset) Retirement Health Insurance Account (RHIA) Data reported is measured as of June 30, (measurement date) UO's proportion of the net OPEB-RHIA liability UO's proportionate share of the net OPEB-RHIA liability / (asset) UO's covered payroll 2019 2018 2017 2.196% 2.501% 2.096% $ (2,452) $ (1,044) $ 569 $ 329,731 $ 317,777 $ 308,031 UO's proportionate share of the net OPEB-RHIA liability / (asset) as a percentage of its covered payroll Plan fiduciary net position as a percentage of the total OPEB-RHIA liability (0.74%) 124.0% (0.33%) 108.9% *The schedule is required to show information for 10 years. However, until a full 10-year trend is compiled, the information presented is for those years for which information is available. 0.18% 94.1% Data reported as of June 30, Statutorily-required contribution Contributions made Schedule of UO's Contributions Retirement Health Insurance Account (RHIA) 2019 2018 2017 $ 1,026 $ 1,026 980 $ 980 1,017 1,017 Contribution (deficiency) excess UO's covered payroll Contributions as a percentage of covered payroll $ 345,614 $ 329,731 $ 317,777 0.30% 0.30% 0.32% *The schedule is required to show information for 10 years. However, until a full 10-year trend is compiled, the information presented is for those years for which information is available. 2019 Annual Financial Report | 47#50Required Supplementary Information For the Year Ended June 30, 2019 (dollars in thousands) Schedule of UO's Proportionate Share of the Net OPEB Liability Retiree Health Insurance Premium Account (RHIPA) Data reported is measured as of June 30, (measurement date) UO's proportion of the net OPEB-RHIPA liability UO's proportionate share of the net OPEB-RHIPA liability UO's covered payroll UO's proportionate share of the net OPEB-RHIPA liability as a percentage of its covered payroll Plan fiduciary net position as a percentage of the total OPEB-RHIPA liability 2019 6.254% 2018 8.097% 2017 7.109% $ 2,210 $ 3,778 $ 3,815 $ 329,731 $ 317,777 $ 308,031 0.67% 49.8% 1.19% 1.24% 34.3% 21.9% *The schedule is required to show information for 10 years. However, until a full 10-year trend is compiled, the information presented is for those years for which information is available. Schedule of UO's Contributions Retiree Health Insurance Premium Account (RHIPA) Data reported as of June 30, Statutorily-required contribution Contributions made Contribution (deficiency) excess UO's covered payroll Contributions as a percentage of covered payroll 2019 2018 2017 $ 934 $ 934 888 $ 888 815 815 $ 345,614 0.27% $ 329,731 $ 317,777 0.27% 0.26% *The schedule is required to show information for 10 years. However, until a full 10-year trend is compiled, the information presented is for those years for which information is available. Schedule of UO's Proportionate Share of the Total OPEB Liability Public Employees' Benefit Board (PEBB) Data reported is measured as of June 30, (measurement date) UO's proportion of the total OPEB-PEBB liability 2019 8.150% 2018 8.226% 2017 8.836% UO's proportionate share of the total OPEB-PEBB liability UO's covered payroll UO's proportionate share of the total OPEB-PEBB liability as a percentage of its covered payroll $ 13,135 $ 12,221 $ 12,795 $ 345,614 $ 329,731 $ 317,777 3.80% 3.71% *The schedule is required to show information for 10 years. However, until a full 10-year trend is compiled, the information presented is for those years for which information is available. 4.03% Schedule of UO's Contributions Public Employees' Benefit Board (PEBB) Data reported as of June 30, Statutorily-required contribution Contributions made Contribution (deficiency) excess UO's covered payroll Contributions as a percentage of covered payroll 2019 2018 $ 613 $ 613 638 638 $ 345,614 0.18% $ 329,731 0.19% *The schedule is required to show information for 10 years. However, until a full 10-year trend is compiled, the information presented is for those years for which information is available. 48 University of Oregon#51M MOSSADAMS Report of Independent Auditors on Internal Control Over Financial Reporting and on Compliance and Other Matters Based on an Audit of Financial Statements Performed in Accordance with Government Auditing Standards Members of the Board of Trustees University of Oregon We have audited, in accordance with the auditing standards generally accepted in the United States of America and the standards applicable to financial audits contained in Government Auditing Standards issued by the Comptroller General of the United States, the financial statements of the University of Oregon ("UO") and the University of Oregon Foundation ("the Foundation"), its discretely presented component unit, as of and for the year ended June 30, 2019, and the related notes to the financial statements, which collectively comprise UO's basic financial statements, and have issued our report thereon dated October 31, 2019. The financial statements of the Foundation were not audited in accordance with Government Auditing Standards. Internal Control Over Financial Reporting In planning and performing our audit of the financial statements, we considered UO's internal control over financial reporting (internal control) to determine the audit procedures that are appropriate in the circumstances for the purpose of expressing our opinions on the financial statements, but not for the purpose of expressing an opinion on the effectiveness of UO's internal control. Accordingly, we do not express an opinion on the effectiveness of UO's internal control. A deficiency in internal control exists when the design or operation of a control does not allow management or employees, in the normal course of performing their assigned functions, to prevent, or detect and correct, misstatements on a timely basis. A material weakness is a deficiency, or a combination of deficiencies, in internal control such that there is a reasonable possibility that a material misstatement of the entity's financial statements will not be prevented, or detected and corrected, on a timely basis. A significant deficiency is a deficiency, or a combination of deficiencies, in internal control that is less severe than a material weakness, yet important enough to merit attention by those charged with governance. Our consideration of internal control was for the limited purpose described in the first paragraph of this section and was not designed to identify all deficiencies in internal control that might be material weaknesses or significant deficiencies. Given these limitations, during our audit we did not identify any deficiencies in internal control that we consider to be material weaknesses. However, material weaknesses may exist that have not been identified. Compliance and Other Matters As part of obtaining reasonable assurance about whether UO's financial statements are free from material misstatement, we performed tests of its compliance with certain provisions of laws, regulations, contracts, and grant agreements, noncompliance with which could have a direct and material effect on the determination of financial statement amounts. However, providing an opinion on compliance with those provisions was not an objective of our audit, and accordingly, we do not express such an opinion. The results of our tests disclosed no instances of noncompliance or other matters that are required to be reported under Government Auditing Standards. 2019 Annual Financial Report 49#52Purpose of this Report The purpose of this report is solely to describe the scope of our testing of internal control and compliance and the results of that testing, and not to provide an opinion on the effectiveness of the entity's internal control or on compliance. This report is an integral part of an audit performed in accordance with Government Auditing Standards in considering the entity's internal control and compliance. Accordingly, this communication is not suitable for any other purpose. Moss Adams LLP Portland, Oregon October 31, 2019 50 University of Oregon#53MMOSSADAMS Report of Independent Auditors on Compliance for the Major Federal Program and on Internal Control Over Compliance as Required by the Uniform Guidance Members of the Board of Trustees University of Oregon Report on Compliance for Each Major Federal Program We have audited the University of Oregon's ("UO") compliance with the types of compliance requirements described in the OMB Compliance Supplement that could have a direct and material effect on UO's major federal program for the year ended June 30, 2019. UO's major federal program is identified in the summary of auditor's results section of the accompanying schedule of findings and questioned costs. Management's Responsibility Management is responsible for compliance with federal statutes, regulations, and the terms and conditions of its federal awards applicable to its federal programs. Auditor's Responsibility Our responsibility is to express an opinion on compliance for UO's major federal program based on our audit of the types of compliance requirements referred to above. We conducted our audit of compliance in accordance with auditing standards generally accepted in the United States of America; the standards applicable to financial audits contained in Government Auditing Standards, issued by the Comptroller General of the United States; and the audit requirements of Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance). Those standards and the Uniform Guidance require that we plan and perform the audit to obtain reasonable assurance about whether noncompliance with the types of compliance requirements referred to above that could have a direct and material effect on a major federal program occurred. An audit includes examining, on a test basis, evidence about UO's compliance with those requirements and performing such other procedures as we considered necessary in the circumstances. We believe that our audit provides a reasonable basis for our opinion on compliance for the major federal program. However, our audit does not provide a legal determination of UO's compliance. Opinion on Each Major Federal Program In our opinion, UO complied, in all material respects, with the types of compliance requirements referred to above that could have a direct and material effect on it major federal program for the year ended June 30, 2019. 2019 Annual Financial Report | 51#54Report on Internal Control Over Compliance Management of UO is responsible for establishing and maintaining effective internal control over compliance with the types of compliance requirements referred to above. In planning and performing our audit of compliance, we considered UO's internal control over compliance with the types of requirements that could have a direct and material effect on each major federal program to determine the auditing procedures that are appropriate in the circumstances for the purpose of expressing an opinion on compliance for each major federal program and to test and report on internal control over compliance in accordance with the Uniform Guidance, but not for the purpose of expressing an opinion on the effectiveness of internal control over compliance. Accordingly, we do not express an opinion on the effectiveness of UO's internal control over compliance. A deficiency in internal control over compliance exists when the design or operation of a control over compliance does not allow management or employees, in the normal course of performing their assigned functions, to prevent, or detect and correct, noncompliance with a type of compliance requirement of a federal program on a timely basis. A material weakness in internal control over compliance is a deficiency, or a combination of deficiencies, in internal control over compliance such that there is a reasonable possibility that material noncompliance with a type of compliance requirement of a federal program will not be prevented, or detected and corrected, on a timely basis. A significant deficiency in internal control over compliance is a deficiency, or a combination of deficiencies, in internal control over compliance with a type of compliance requirement of a federal program that is less severe than a material weakness in internal control over compliance, yet important enough to merit attention by those charged with governance. Our consideration of internal control over compliance was for the limited purpose described in the first paragraph of this section and was not designed to identify all deficiencies in internal control over compliance that might be material weaknesses or significant deficiencies. We did not identify any deficiencies in internal control over compliance that we consider to be material weaknesses. However, material weaknesses may exist that have not been identified. The purpose of this report on internal control over compliance is solely to describe the scope of our testing of internal control over compliance and the results of that testing based on the requirements of the Uniform Guidance. Accordingly, this report is not suitable for any other purpose. Moss Adams LLP Portland, Oregon October 31, 2019 52 University of Oregon#55Schedule of Findings and Questioned Costs For the Year Ended June 30, 2019 University of Oregon Schedule of Findings and Questioned Costs Year Ended June 30, 2019 Section I - Summary of Auditor's Results Financial Statements Type of report the auditor issued on whether the financial statements audited were prepared in accordance with GAAP: Internal control over financial reporting: Unmodified . Material weakness(es) identified? • Significant deficiency(ies) identified? ☐ ☐ Yes Yes Noncompliance material to financial statements noted? Yes □ 区区 ☑ Federal Awards Internal control over major federal programs: • Material weakness(es) identified? Significant deficiency(ies) identified? Any audit findings disclosed that are required to be reported in accordance with 2 CFR 200.516(a)? Yes Yes Yes No None reported No > > ☑ ☑ No ☑ None reported No Identification of major federal program and type of auditor's report issued on compliance for major federal program: CFDA Number Various Name of Federal Program or Cluster Research and Development Cluster Type of Auditor's Report Issued on Compliance for Major Federal Program Unmodified Dollar threshold used to distinguish between type A and type B programs: $ 3,000,000 Auditee qualified as low-risk auditee? ☑ Yes No Section II - Financial Statement Findings None Reported None Reported Section III - Federal Award Findings and Questioned Costs 2019 Annual Financial Report | 53#56Summary Schedule of Prior Year Audit Findings Year Ended June 30, 2019 UNIVERSITY OF O OREGON FINDING 2018-001 Reporting Significant Deficiency in Internal Control Over Compliance Condition: The University was not in compliance with the federal requirement requiring timely submission of reports. The auditors found that there were two instances of reports submitted after the deadline during fiscal year 2018. Recommendation: The University should establish and monitor a control system to ensure all reports are prepared and submitted in accordance with the federal requirements. Current year status: Cleared 54 University of Oregon#57Schedule of Expenditures of Federal Awards For the Year Ended June 30, 2019 Federal Grantor / Program Title / Pass-through Grantor / Contract Number Direct Expenditures Subrecipients Total Direct Award Pass-through Award Student Financial Assistance Cluster Department of Education 84.007 Federal Supplemental Educational Opportunity Grants P007A183518 84.007 Federal Supplemental Educational Opportunity Grants Total 84.033 Federal Work-Study Program Federal Work-Study Program 84.033 Federal Work-Study Program Total 84.063 Federal Pell Grant Program Роваров P063P170365 P063P180365 84.063 Federal Pell Grant Program Total 84.268 Federal Direct Student Loans. Federal Direct Student Loans Federal Direc 84.268 Federal Direct Student Loans Total 04.200 84.379 Teacher Education Assistance for College and Higher Education Grants (TEACH Grants) P379T180365 P379T190365 190365 84.379 Teacher Education Assistance for College and Higher Education Grants (TEACH Grants) Total Department of Education Total Student Financial Assistance Cluster Total Research and Development Cluster Agency for International Development 98.xxx Agency for International Development CN711-00-UOOMOD. #1 Department of 98.xxx Agency for International Development Total Agency for International Development Total of Agriculture 10.001 Agricultural Research Basic and Applied Research 1,309,134 1,309,134 1,309,134 1,309,134 1,309,134 1,309,134 1,235,095 1,235,095 1,235,095 1,235,095 1,235,095 1,235,095 427,237 427,237 22,706,747 23,133,984 22,706,747 23,133,984 427,237 22,706,747 23,133,984 150,537,994 150,537,994 150.537,994 150,537,994 150,537,994 150,537,994 20,556 50,346 20,556 50,346 20,556 50,346 70,902 70,902 70,902 176,287,109 176,287,109 176,287,109 176,287,109 176,287,109 176,287,109 28,289 28,289 28,289 28,289 28,289. 28,289 28,289 28,289 28,289 R0649A-D AMEND 2 R0649A-E AMEND R0649D-B AMEND 74,803 74,803 74,803 (354) (354) (354) (2,325) (2,325) (2,325) R0649F-C AMEND 2 R0671A-B AMEND 2 9,976 9.976 9,976 R0671J-A AMEND 1 4,558 4,558 4,558 10.001 Agricultural Research Basic and Applied Research Total 86,658 86,658 86,658 10.167 Transportation Services 18-TMTSD-OR-0009 11,000 11,000 11,000 18-TMTSD-OR-0010 A19-0314-S001 10.167 Transportation Services Total 11,000 11,000 11,000 10.310 Agriculture and Food Research Initiative (AFRI) 2018-67019-27848 14,071 32,352 46,423 46,423 G221-18-W7143 18,579 18,579 UMS-1116 AMEND 1 13,643 13,643 18,579 13,643 10.310 Agriculture and Food Research Initiative (AFRI) Total 46,293 32.352 78,645 46,423 32,222 10.558 Chil Child I and Adult Food Program (CACFP) CACFP 28,934 28,934 28,934 10.558 Child and Adult Food Program (CACFP) Total 28,934. 28,9341 28,934 10.652 Forestry Research 14-CR-11061600-032 MOD #4 22,653 22.653 22,653. 14-JV-11261935-061 MOD # 5 46,287 46,287 46,287 16-JV-11261975-079 MOD 1 16-JV-11261975-083 16-JV-11261975-097 MOD 1 19-CR-11272167-003 MOD 1 AG-046W-P-16-0016 AMEND #1 10.652 Forestry Research Total 10.xxx Department of Agriculture 12046W18P0091 18-CS-11242309-088 1242509- 0.xxx Department t of Agriculture Total Department of Agriculture Total Department o of Commerce 11.417 Sea Grant Support NA270M-J AMEND 3 NA325A-C 11,698 11,698 11,698 60,797 60,797 60,797 43,441 43,441 43,441 4,028 4,028 4.028 188,905 188,905 188,905 15,787 15,787 15,787 5,523 5,523 5,523 21,310 21,310 21,310 383,100 32,352 415,452 296,572 118,880 8,234 14,038 96,501 118,773 (6,876) 15,110 8,234 14,038 14,038 NB325E-A AMEND 3 96,501 96,501 11.417 Sea Grant Support Total 103,663 15,110 118,773 11.419 Coastal Zone Management Administration Awards 3004232334/3004950970 AMEND 4 116,651 103,843 220,494 11.419 Coastal Zone Management Administration Awards Total 116,651 103,843 220,494 11.431 Climate and Atmospheric Research NA291A-CAMEND #4 7,200 7,200 11.431 Climate and Atmospheric Research Total 7,200 7,200 11.469 Congressionally Identified Awards and Projects RM-17-05 RM-17-05 17,076 17,076 11.469 Congressionally Identified Awards and Projects Total 17,076 17,076 Department of Commerce Total 244,590 118,953 363,543 Department of Defense 12.300 Basic and Applied Scientific Research FP061077-B MOD 6 N00014-15-1-2148 MOD #A2 N00014-16-1-3154 MOD 7 N00014-17-1-2824 N00014-19-1-2015 2.300 Basic and Applied Scientific Research Total 12.420 Military Medical Research and Development. A003728701-4 AMEND 5 220,494 220,494 7,200 7,200 17,076 17,076 363,543 3,099 337,619 152,098 12,669 50,175 555,659 3,099 3,099 145,552 483,171 152,098 483,171 152,098. 12,669 12,669 50,175 50,175 145,552 701,212 698,112 3,099 32,711 32,711 32,711 61,405 61,405 61,405 97,839 97,839 97,839 191,955 191,955 123,636 123,636 123,636 88.489 157,272 88,489. 157,272 88,489 157,272 369,397 369,397 245.761 123,636 12.420 Military Medical Research and Development Total 191,955 A005539402 AMEND 2 AMEIND WFUHS 441052B ER-02 12.431 Basic Scientific Research 313-0839 AMEND 2 W911NF-15-1-0265 MOD #4 W911NF-17-1-0267 AMEND 2 12.431 Basic Scientific Research Total 2019 Annual Financial Report 55#58Schedule of Expenditures of Federal Awards For the Year Ended June 30, 2019 Federal Grantor / Program Title/Pass-through Grantor / Contract Number 12.550 The Language Flagship Grants to Institutions of Higher Education 0054-UO-17-CHN-280-PO1 #4 208COM637 PO# 0054-UO-17-SSC-280-PO5 12.550 The Language Flagship Grants to Institutions of Higher Education Total 12.800 Air Force Defense Research Sciences Program FA9550-16-1-0424 MOD 3 12.800 Air Force Defense Research Sciences Program Total 12.910 Research and Technology Development 874K731 12.910 Research and Technology Development Total 12.xxx Department of Defense 69997-Z9269201 AMEND A K001892-00-S05 MOD 11 K001692-00- PO 1857 MOD 3 S901070BAH 12.xxx Department of Defense Total Department of Defense Total Department of Education Direct Expenditures Subrecipients Total Direct Award Pass-through Award 320,420 526,164 846,585 846,585 136,151 136,151 185,374 185,374 136,151 185,374 641,945 526,164 1,168,110 1,168,110 117,781 197,006 117,781 197,006 314,787 314,787 314,787 314,787 779,216 779,216 779,216 779,216 44,068 44,068 162,503 162,503 779,216 779,216 44,068 162,503. (3,675) (3,675) (3,675) 175,311 175,311 175,311 378,207 378.207 3,034,161 868,723 3,902,884 1,258,661 378,207 2,644,223 84.181 Special Education - Grants for Infants and Families 25045 AMEND #2 567,474 84.181 Special Education Grants for Infants and Families Total 567,474 84.181 Special Education-Grants for Infants and Families 11556 84.181 Special Education-Grants for Infants and Families Total 84.229 Language Resource Centers P229A140004-17 P229A180005-19 ACTION 3 84.229 Language Resource Centers Total 84.305 Education Research, Development and Dissemination 16-2920 MOD 3 47,007 47,007 567,474 567,474 47,007 47,007 4,437 4,437 140,690 140,690 145,127 145,127 4,437 140,690 145,127 567,474 567,474 47,007 47,007 A005236501 AMEND 2 A18-0991-S001-A02 ED160B-A AMEND #3 R305A140162-16 R305A140185-16 R305A140189-17 ACTION 7 R305A140203-17 ACTION 14 R305A150010-17 ACTION 6. R305A150037-16 R305A150280-17 ACTION #8 R305A150325 AMEND 3 R305A170044-19 113,225 113,225 234,310 234,310 58,944 58,944 113,225 234,310 58,944 11,340 11,340 11,340 1,071 10,921 11,992 11,992 738,624 738,624 738,624 201,930 55,996 90,027 257,926 257,926 233,199 233,199 233,199 11,297 11,297 11,297 389,200 15,440 404,640 404,640 165,129 165,129 165,129. 647,214 199,395 846,608 040,000 846,608 R305A170603-19 298.425 157,911 456.336 456,336 R305A170631-19 222,673 111,185 333.857 333,857 R305A180006-19 361,550 361,550 361,550 R305A180015-19 327,231 327,231 327,231 SUB18-060 AMEND 1 47,125 47,125 47,125. UOFO-77 AMEND 1 80,558 80,558 80,558 UO ID 2416Y1 38,031 38,031 38,031 84.305 Education Research, Development and Dissemination Total 4,169,779 562,143 4,731,922 3,994,600 737,322 84.3 $4.324 Research in Special Education A18-0150-S001 AMEND A01 481,335 A18-0319-S002 7,148 481,335 7,148 481,335 7,148 R324A150145-18 ACTION 4 294,899 294,899 294,899 R324A160032-19 343,307 343,307 343,307 R324A160046-19 801,983. 138,930 940,914 940,914 R324A170034-19 296,279 58,671 354,950 354,950 R324A170052-19 387,647 387,647 387,647 R324A180027-19 264,263. 21,393. 285,655 285,655 R324A180037-19 241,911 24,623 266,534 266,534 R324B180001-19 78,127 78.127 78,127 R324C110004-16 UWSC8737 AMEND 2 84.324 Research in Special Education Total 84.324A Research in Special Education R324A150138-18 ACTION 7 5,478 68,306 73,784 73,784 3,202,376 311.923 3,514,299 3,025,816 488,483 446,651 R324A160125-19 472,895 27,022 425,648 473,673 898,543 473,673 898,543 ULRF 15-0169-03(R) AMEND 4 53,274 53.274 53,274 84.324A Research in Special Education Total 972,820 452,670 1,425,491 1,372,216 53,274 84.326 Special Education Technical Assistance and Dissemination to Improve Services and Results for Children with Disabilities 5108917 AMEND 1 H326M120007-15 ACTION 6 61,137 7,152 61,137 7,152 61,137 7,152 H327S120017-16 ACTION #14 84.327 Special Education Educational Technology Media, and Materials for Individuals with Disabilities 14-409 AMEND 4 84.326 Special Education Technical Assistance and Dissemination to Improve Services and Results for Children with Disabilities Total 68,289. 68,289 7,152 61,137 27,121 27,121 27.121 327,773 327,773 327,773 H327S130031-17 ACTION 8 270,026 43,728 313,754 313,754 H327S140019-18 342,971 36,896 379,867 379,867 H327S150007-17 ACTION 7 91,945. 91,945 H327S160019-19 На0 10 517,213 84.327 Special Education Educational Technology Media, and Materials for Individuals with Disabilities Total 1,577,049 80,624 517,213 1,657,672 91,945 517,213 1,630,551 27,121 84.xxx Department of Education 0460400007 MOD 1 167,585 84.xxx Department of Education Total 167,585 Department of Education Total 10,917,507 1,407,360 167,585 167,585 12,324,868 167,585 10,175,464 167,585 2,149,404 Department of Energy 81.049 Office of Science Financial Assistance Program 2003999611 23770 AMEND 2 249385 AMEND #14 307951 MOD 7 307551 MOD 500307-0003AMEND #5 DE-FG02-03ER46061 MOD 15 DE-FG02-03ER46061-16 DE-SC0006723 DE-SC0008092 MOD #3 DE-SC0008638 MOD #5 44,114 44,114 44,114 120,110 120,110 120,110 168,788 168,788 168,788 40,966 40,966 40,966 167,705 167,705 167,705 157,929 157,929 157,929 (3,511) (14,836) (3,511) (14,836) (3,511) (14,836) 0 0 56 University of Oregon#59Schedule of Expenditures of Federal Awards For the Year Ended June 30, 2019 Direct Expenditures Subrecipients Total Direct Award Pass-through Award 44,252 476 44,252 44,252 476 476 27,846 27,846 27,846 314,350 314,350. 314,350 171,901 171,901 171,901 141,718 141,718 141,718 3,786 3,786 3,786 266,814 266,814 266,814 205,834 205,834 205,834 588,118 55,893 26,458 588,118 55,893 588,118 55,893 26,458 2,528,710 1,960,570 26.458 568,140 217,288 217,288 217,288 217,288 217,288 217,288 Federal Grantor / Program Title / Pass-through Grantor / Contract Number DE-SC0010466 MOD #5 DE-SC0010651 MOD 6 DE-SC0010652 MOD. #4 DE-SC0011640 MOD 5 DE-SC0012008 MOD #4 DE-SC0012363 MOD #5 DE-SCOO DE-SC0012380 MOD #3 DE-SC0012381 MOD #3 DE-SC0014278MOD #3 DE-SC0014279-04 DE-SC0017963 DE-SC0017996 MOD 2 DE-SC0018916 MOD 1 RC107839-UO AMEND 2 81.049 Office of Science Financial Assistance Program Total 1.087 Department of Energy 4000154647 MOD 3 400013404/MODS 81.087 Department of Energy Total 81.087 Renewable Energy Research and Development 201403205-01/A15-0138-S001 201403205-01/A DE-EE0007361 XGJ-7-70143-01 MOD 2 81.087 Renewable Energy Research and Development Total 2,528,710 81.121 1 Nuclear Energy Research, Development and Demonstration OZOG FELLOWSHIP 81.121 Nuclear Energy Research, Development and Demonstration Total 81.xxx Department of Energy 189541 MOD 1 342754 AMEND 2 4000159855 MOD 1 4000163867 MOD #4 447228 MOD 4 460847 57013-Z9147201 AMEND B 652552 7084143 MOD. #3 [ 7274729 MOD 2 8F-30085MOD. #1 B621058 MOD 1 B626091 B627693 B631536 B631974 B634762 PO # 641035 MOD 1 PO 1642391 #6F2016-17 PO 1777125 MOD 4 PO 1827518 REVISION 3 XGJ-9-92095-01 81.xxx Department of Energy Total Department of Energy Total Department of Health and Human Services 93.113 Environmental Health 2R01-07-OREGON 93.113 Environmental Health Total D 15,912 15,912 15,912 (95) (212) (307) (307) 12,416 12,416 28,233. (212) 28,021 (307) 12,416 28,328 1,127 106,932 210,772 1,127 106,932 210,772 1,127 106,932 210,772 409,263 409,263 409,263 198,839 198,839 198,839 5,456 5,456 5,456 106,106 106,1067 106,106 83,021 83,0211 83,021 (5,325) (5,325) (5,325) 60,941 60,941 60,941 2,520 2,520 2,520 54,906 54,906 54,906 28,211 28,211 28,211 75,343 75,343 75,343 68,680 68.680 68,680 35,748 35,748 35,748 77,685 77,685 77,685 80,251 80,251 80,251 201,566 201,566 201,566 85,851 11,186 85,851 11,186 1,899,079 4,673,310 (212) 1,899,079 4,673,098 85,851 445,354 2,405,617 11,186 1,453,726 2,267,482 119,421 119,421 119,421 119,421 119,421 119,421 93.136 Injury Prevention and Control Research and State and Community Based Programs 11680SUB MOD: 55,524 93.136 Injury Prevention and Control Research and State and Community Based Programs Total 93.172 Human Genome Research 55,524 55,524 55,524 55,524 55,524 18B-1097536 AMEND 2 108,466 3 U41 HG002659-13S1 11,250 44,944 5 U41 HG002659-17 3,219,099 S405260 350,122 93.172 Human Genome Research Total 3,688,937 44,944 108,466 56,194 3,219,099 350,122 3,733,881 108,466 56,194 3,219,099 350,122 3,275,293 458,588 93.173 Research Related to Deafness and Communication Disorders 1 R56 DC015584-01A1 (27,756) (27,756) (27,756) 310159 AMEND 2 / P0718646 16,944 16,944 16,944 5 F31 DC016799-03 5 R01 DC015531-03 28,283 262,266 28,283 28.283 262,266 262.266 5 R01 DC015803-03 312,330 312,330 312,330 5 R01 DC015828-03 425.906 425,906 425,906 7 7K25 DC013557-05 183,865 183,865 93.1731 Research Related to Deafness and Communication Disorders Total 1,201,839 1,201,839 183,865 1,184,895 16,944 93.226 Research on Healthcare Costs, Quality and Outcomes Fan 18724-01 1 R21 MH120427 1 R21 MH120427-01 1012796_UOFO 1F32MH118809-01A01 R01 MH111758-03S1 07406-02-03 AMEND 1 93.226 Research on Healthcare Costs, Quality and Outcomes Total 93 242 Mental Health Research Grants 1 F32 12,273 12,273 12,273 12,273 12,273 12,273 32,375 32,375 1.257 1,257 32,375 1,257 6,668 6,668 6,668 22.917 23,817 23,817 23,817 377,059 440,182 817,240 817,240 K01 MH103511-05 K01 MH111951-03 R01 MH097130-05 110,737 110,737 110,737 137,179 137,179 137,179 147,211 90,000 237,211 237,211 R01 MH108869-04 R21 MH106879-02 REVISED R21 MH112105-02 REVISED 5 R33 MH104188-06 U01 MH116923-02 5R01MH107418-05 5R21MH114075-02 CNVA00056268 (130138-3) 93.242 Mental Health Research Grants Total SR08789 MOD/SR009430/SR00918 224,466 514,537 739,003 739,003 19,542 19,542 19,542 102,564 102,564 102,564 550,313 550,313 550,313 207,941 411,841 619,782 619,782 672,687 672,687 672,687 174,769 174,769 174,769. 20,561 20,561 20,561 2,809,147 1,456,559 4,265,707 4,238,477 27,230 93.262 Occupational Safety and Health Program 46,774 UWSC9670 AMEND 3 48 46,774 48 46,774 48 93.262 Occupational Safety and Health Program Total 46,822 46,822 46,822 2019 Annual Financial Report | 57#60Schedule of Expenditures of Federal Awards For the Year Ended June 30, 2019 Federal Grantor / Program Title/Pass-through Grantor / Contract Number 93.273 Alcohol Research Programs 5 R34 AA023994-03 REVISED 6158 PO#665414 R1035310 AMEND 3 RF00123-2018-0190 AMEND 2 UWSC10347 UWSC10545 UWSC8858BPO13034 AMEND 1 93.273 Alcohol Research Programs Total 93.279 Drug Abuse and Addiction Research Programs 3 R01 DA036533-06S1 5 R01 DA035062 5 R01 DA037628-05 5 R01 DA043589-02 5 R21 DA043015-02 5878-UO-DHHS-5108 AMEND 1 TDAP (SUB NIH-035763) MOD #13 IDAP (SUB NIH- 93.279 Drug Abuse and Addiction Research Programs Total 93.286 Discovery and Applied Research for Technological Innovations to Improve Human Health 1602074Z2/PO#P0101735 160207422 93.286 Discovery and Applied Research for Technological Innovations to Improve Human Health Total 93.310 Trans-NIH Trans-NIH Research Support UG3OD023389 9/5UH3OD023389-04 93.310 Trans-NIH Research Support Total 93.350 National Center for Advancing Translational Sciences 1010312 UOFO AMEND 3 3.350 National Center for Advancing Translational Sciences Total 3.351 Research Infrastructure Programs 93.351 1 R24 OD026591-01 3 P40 OD011021-21S1 5 P40 OD011021-19 REVISED 5 R01 OD011116-13 R24 OD018555-05 PO-0000076589 93.351 Research Infrastructure Programs Total 93.393 Cancer Cause and Prevention Research 5 R01 CA211224-03 5 ROI CAZII224-03 93.393 Cancer Cause and Prevention Research Total Direct Expenditures Subrecipients Total Direct Award Pass-through Award 110,630 84,976 184,579 25,654 110,630 184,579 113,482 6,806 20,611 113,482 6,806 20,611 184,579 113,482 6,806 20,611 410,455 25,654 436,108 110,630 325,479 762,003 (23,474) 541,234 163,723 249,859 322,062 507,492 762,003 (23,474) 762,003 (23,474) 541,234 541,234 163,723 163.723 249,859 249,859 322,062 322,062 507,492 507,492 2,522,897 2,522,897 1,693,344 829,553 31,761 31,761 31,761 31,761 31,761 31,761 815,920 815,920 1,182,609 1,182,609 1,998,528 1,998,528 1,998,528 1,998,528 147,551 147,551 147,551 147,551 147,551 147,551 26,305 2,788,769 (259,427) 30,533 736,414. 149,354 37,678 129,920 26,305 2,819,302 (259,427) 885,768 167,599 26,305 2,819,302 (259,427) 885,768 167,599 80,658 3,410,398 80,658 309,808 3,720,205 3.639.547 80,658 80,658 841,008 841,008. 841,008 841,008 841,008 841,008 93.396 Cancer Biology Research 5R01CA176579-05 REVISED 93.396 Cancer Biology Research Total 136,642 27,260 163,902 163,902 136,642 27,260 163,902 163,902 90DPHF0003-02-00 901F0067-03-01 901F0067-03-01 901F0073-03-01 93.398 Cancer Research Manpower 1 F31 CA232357-01A1 93.398 Cancer Research Manpower Total 93.433 ACL National Institute on Disability, Independent Living, and Rehabilitation Research 25931 AMEND 1 6,204 6,204 6,204 6,204 6,204 6,204 25,661 25,661 25,661 150,758 28,422 179,180 179,180 10,258 10,258. 10,258 24,575 3,652 28,227 28,227 901F0124-03-00 159,152 159,152 159,152 93.433 ACL National Institute on Disability, Independent Living, and Rehabilitation Research Total 93.600 Head Start 370,403 32,073 402,476 376,816 25,661 90YR0076-05-01 SC36898-04 93.600 Head Start Total 93.632 University Centers for Excellence in Developmental Disabilities Education, Research, and Service 90DDUC0066-02-01 123,570 123,570 123,570 123,570 584,634 584,634 93.632 University Centers for Excellence in Developmental Disabilities Education, Research, and Service Total 93.837 Cardiovascular Diseases Research 3 R01 HL144128-02S1 5 R01 HL115027-04 REVISED 5 R01 HL115294-05 REVISED 93.837 Cardiovascular Diseases Research Total 93.838 Lung Diseases Research 5 R01 HL141249-02 3 ROT HL141249-02 93.838 Lung Diseases Research Total 93.846 Arthritis, Musculoskeletal and Skin Diseases Research 5 F31 AR071283-03 584,634 584,634 196,406 57,601 171,077 425,083 196,406 196,406 57,601 57,601 171,077 171,077 425,083. 425,083 200,158. 17,318 217,476 217,476 200,158. 17,318 217,476 217,476 38,155 38,155 5 R01 AR063713-05 REVISED 110,959 81,580 192,540 5R01AR069297-05 318,845 30,254 349,099 38,155 192,540 349,099 5R03AR067522-03 539 539 93.846 Arthritis, Musculoskeletal and Skin Diseases Research Total 468,497 111,835 580,332 539 580,332 93.847 Diabetes, Digestive, and Kidney Diseases Extramural Research 10040500-02/PO#U000033526 123.570 123,570 584,634 584,634 10040500-22/PO#U000106541 5 F32 DK107318-03 REVISED 5 F32 DK115195.03 5 R01 DK095926-06 REVISED 5 R03 DK114643-02 5F32DK108591-03 REVISED 5K01DK103737-03 5R01DK101314-04 36 346.003 AMEND 3 FY16.346.003 93.847 Diabetes, Digestive, and Kidney Diseases Extramural Research Total 93.853 Extramural Research Programs in the Neurosciences and Neurological Disorders 1,501 1,501 1,501 60,657 60,657 60,657 60,517 60,517 60,517 130.636 17,047 147,684 17 694 147,684 109,311 109,311 0211 109,311 30,622 30 622 30,622 20 622 30,622 44,358. 44,358 44,358 106,991 190 107,181 107,181 174,803 174,803 174,803 719,396 17,237 736,633 560,329 176,304 1 F32 NS105350-01A1 REVISED 1 R01 NS105758-01 1 R34 NS111669-01 5 F32 NS098690-03 5 R01 NS107727-02 5 R03 NS100027-02 5 R21 NS104935-02 5 R35 NS097287-03 4,067 4,067 4,067 171,014 171,014 171,014 90,151 90,151 90,151 34,040 34,040 34,040 173,976 173,976 173,976 24,197 24,197 44,137 24,197 238,697 238,697 238,697 870,876 870,876 870,876 5R00NS085035-05 REVISED 136,011 136,011 136,011 5R01NS089729-05 124.380 124,380 124,380 7000000723 AMEND 1 517,141 517.141 PO#5601159725 AMEND #4 42,846 42,846 93.853 Extramural Research Programs in the Neurosciences and Neurological Disorders Total 2,427,395 2,427,395 1,867,408 517,141 42,846 559,987 58 University of Oregon#61Schedule of Expenditures of Federal Awards For the Year Ended June 30, 2019 Federal Grantor / Program Title / Pass-through Grantor / Contract Number 93.855 Allergy and Infectious Diseases Research 127189 G003618 AMEND A 5 R21 AI125804-02 AWD7773491-GR206141 93.855 Allergy and Infectious Diseases Research Total 93.859 Biomedical Research and Research Training 0000962273 1 R35 GM131749-01 16-01 AMEND 2 3 R01 GM015792-52S1 R01 GM049869-24S1 3 R01 GM092917-09S1 3 R01 GM127440-02S1 R01 GM127761-02S1 R35 GM127092-02S1 3R01GM015792-50S1 REVISED R00 GM120457-03 F32 GM122419-02 419-02 5 F32 GM126677-02 5 F32 GM130006-02 5 P01 GM125576-02 5 POI GM125576-02 5 R00 GM115822-05 5 R01 GM085318-08 REVISED 5 R01 GM087398-09 5 R01 GM103309-03 5 R01 GM113030-05 5 R01 GM113030-05 5 R01 GM117140-04 R01 CM117241.04 R01 GM117241-04 R01 GM129242-02 R01 GM129576-02 R21 GM129590-02 R35 GM127142-02 5 R35 GM128890-02 T32 GM007759-41 5P50GM098911-05 5R01GM068032-13 5R01GM102511-04 REVISED 5R01GM114053-04 REVISED 5T32GM007413-42 632K472 MOD 4 7 R01 GM035690-31 REVISED Direct Expenditures Subrecipients Total Direct Award Pass-through Award 151,066 10,530 161,596 161,596 151,066 10,530 161,596 161,596 73,836 572,122 73,836 572,122 73,836 464,909 464,909 572,122 464,909 202,859 17,267 220,126 220,126 382,536 382,536 382,536 339,309 339,309 339,309 464,603 464,603 464,603 464,603 (58) (58) (58) 15,000 15.680 15,680 15,000 15.680 04,009 62,869 62.869 04,009 62,869 58.389 58,389 58,389 38.793 30,735 38.793 38.793 905.026 905,026 905,026 905,026 151,140 151.140 151,140 152.884 152.884 256,310 37,490. (2.647) 262 272 403,675 171,178 280 610 289,649 152.884 293,800 293 800 (2.647) 262 273 403,675 293 800 293,800 12 647) (2,647) 262,272 403 675 403,675 171 179 171,178 171,178 290 610 289,649 289,649 290 610 334,707 334,707 334,707 49,077 49,077 49,077 466,013 466 012 466,013 466,013 221,074 221,074 221,074 21,074 221,074 432,399 432,399 432,399 71,458 71,458 71,458 10 160 18,169. 18,169. 18,169 250,265 230,203 27,536 277,801 277,801 96.291 86,084 182,376 182,376 349,996 349,996 349,996 42,005 42,005 42,005 129,073 129,073 129,073 7,725,860 168,377 7,894,238 7,778,397 115,841 35,026 35,026 35,026 117,482 117.482 117,482 93.859 Biomedical Research and Research Training Total 93.865 Child Health and Human Development Extramural Research F32 HD097921-01 1 R01 HD094831-01A1 1 R21 HD095487-01A1 24141 AMEND 2 5 F32 HD93347-02 5 P01 HD022486-30 5 R01 HD075150-05 5 R01 HD075716-05 REVISED 5 R01 HD087452-03 EP01 HD092667 5 R01 HD093667-02 86,842 54,891 589,341 (17,998) 86,842 54,891 589,341 (17,998) 589,341 54,891 86,842 (17,998) 69,122 69 122 69,122 362 905 5 R03 HD091453-02 5 R25 HD070817-08 5 R37 HD027056-27 5 T32 HD007348-30 5R00HD076165-05 REVISED 5R21HD094661-02 85,109 65,505 105,571 364,628. 315,377 11,590 57,803 94,482 420 709 179,591 65,505 420,708 179,591 65,505 105,571 105 571 105,571 364,628 364,628 315,377 315,377 11,590 11,590 136,883. 136,883 136,883 9009028 UOFO AMEND 2 R01989/R02042 26,459 T-POT MOD 137,382 93.865 Child Health and Human Development Extramural Research Total 2,546,115 152,285 26,459 137,382 2,698,400 26,459 137,382 2,447,717 250,683 93.866 Aging Research 23409 AMEND U01 AG045829-03S1 3 U01 AG045829-06S1 5 F32 AG054204-03 5 K01 AG046326-06 KOT AG040326-06 R01 AG037564-05 5 R01 AG046401-05 REVISED 5 R01 AG049396-05 5 R01 AG056436-03 5U24AG056052-04 60051680 UO 60051683 UO 3.866 Aging Research Total 3867 Vision Research 93.867 Vision R21 EY029888-01 1 R21 5 F32 EY027696-03 5 R01 EY023337-05 REVISED 5 R01 EY027536-03 5F31EY025459-03 REVISED 93.867 Vision Research Total Department of Health and Human Services Total Department of Homeland Security 7029 Hazard Mitige 97.039 Hazard Mitigation Grant HMGP-DR-4296-OR-2-R 97.039 Hazard Mitigation Grant Total 7.045 Cooperating HSFE10-16-P-0241 Technical Partners (42,067) 753,117 (42,067) (42,067) 753,117 753,117 58,192 58,192 58,192 75,471 75,471 75,471 29,862 29,862 29,862 302,576 157,365 459,941 459,941 284,081 284,081 284,081 366,231 261,998. 628,228 628,228 122,699 122,699 122,699 1,950,161 419,363 2,369,524 2,369,524 209,081 57,521 337,542 (4,066) 600,078 34,549,214 3,975,851 209,081 57,521 209,081 57,521 337,542 337,542 (4,066) 600,078 38,525,065 (4,066) 600,078 35,244,787 7.045 Cooperating Technical Partners Total 97.127 Cybersecurity Education and Training Assistance Program (CETAP) D15PC00204 AMEND 7 213.838 79,849 293,687 293,687 97.127 Cybersecurity Education and Training Assistance Program (CETAP) Total 97.xxx Department of Homeland Security 213,838 79,849 293,687 293,687 D15PC00204 AMEND 7 2,576 2,576 2,576 97.xxx Department of Homeland Security Total 2,576 2,576 2,576 Department of Homeland Security Total 216,413 79,849 296,262 296,262 3,280,279 2019 Annual Financial Report 59#62Schedule of Expenditures of Federal Awards For the Year Ended June 30, 2019 Federal Grantor / Program Title/Pass-through Grantor / Contract Number Department of Justice 16.560 National Institute of Justice Research, Evaluation, and Development Project Grants 21574 AMEND 1 UNIV59814 AMEND 2 UOFO-80 AMEND 5 16.560 National Institute of Justice Research, Evaluation, and Development Project Grants Total of Justice Total Department of Department of The Interior 15.156 Tribal Climate Resilience. 23406 AMEND 3 15.156 Tribal Climate Resilience Total 15.224 Cultural and Paleontological Resources Management L17AC00200 15.224 Cultural and Paleontological Resources Management Total 13.224 Gunu 15.228 BLM Wildland Urban Interface Community Fire Assistance UNR-18-30 AMEND 1 15.228 BLM Wildland Urban Interface Community Fire Assistance Total BLM 15.232 Wildland Fire Research and Studies G-09347- AMEND 2 L0196B-C AMEND 2 L16AC00214 MOD 4 15.232 Wildland Fire Research and Studies Total 15.238 Challenge Cost Share L16AC00203 15.238 Challenge Cost Share Total 15.807 Earthquake Hazards Program Assistance G15AC00053 - MOD#4 G17AC00332MOD 5 G18AP00011 G18AP00045 G19AP00010 Direct Expenditures 37,835 39,807 543,550 621,192 621,192 Subrecipients Total Direct Award Pass-through Award 37,835 39,807 543,550 621,192 621.192 37,835 39,807 543,550 621,192 621,192 1,875 1,875 1,875 1,875 1,875 1,875 4,050 4,050 4,050 4,050 4,050 4,050 22,073 22,073 22,073 22,073 22,073 22,073 26,297 26.297 26,297 17,438 17,438 17,438 3,174 34,101 37,275 37,275 46,909 34,101 81,010 37,275 43,735 5,608 5,608 5,608 5,608 5,608 5,608 119,122 119,122 119,122 580,065 580,065 580,065 54,414 10,000 64,414 64,414 98,442 98,442 25,910 25,910 98,442 25,910 877,952 10,000 887,952 887,952 1,293 1,293 1,293 1,293 15.807 Earthquake Hazards Program Assistance Total 15.810 National Cooperative Geologic Mapping G19AC00163 1,293 15.810 National Cooperative Geologic Mapping Total 1,293 15.945 Cooperative Research and Training Programs Resources of the National Park System P15AC01828/H8W07110001 MOD 2 P16AC01561 MOD 2 602 936 602 602 936 936 P17AC01228 MOD 1 P17AC01394 45,421 45,421 45,421 P17AC01422 148,421 3,274 151,695 151,695 P18AC00759 35,218 35,218 35,218 P18AC00930 43,377 43,377 43,377 15.945 Cooperative Research and Training Programs - Resources of the National Park System Total 15.946 Cultural Resources Management 273,975 3,274 277,249 277,249 ་་་་་་་་ 5.IPA Intergovernmental Personnel Act Mobility Program Department P17AC01732 15.946 Cultural Resources Management Total Intergovernmental Personnel Agreement 15.IPA Intergovernmental Personnel Act Mobility Program Total t of The Interior Total Department of Transportation 0.701 University Transportation Centers Program. NITC2016-UO-01 NITC2016-UO-04 REVISED 3,215 3,215 3,215 3,215 3,215 3,215 75,813 75,813 75,813 75,813 75,813 75,813 1,312,764 47,375 1,360,139 1,292,456 67,684 NITC2016-UO-06 REVISED NITC2016-UO-07 REVISED NITC2016-UO-08 NITC2016-10-08 NITC2016-UO-10 NITC2016-UO-14 REVISED NITC2016-UO-15 NITC2016-UO-16 NITCN-UO-11 NITCN-UO-13 NITCN-UO-18 NITCN-UO-21 20.701 University Transportation Centers Program Total Department of Transportation Total Environmental Protection Agency 66.509 Science To Achieve Results (STAR) Research Program RD83575701MOD #5 66.509 Science To Achieve Results (STAR) Research Program Total Environmental Protection Agency Total I on the Arts and the Humanities Federal 1 Council on 45.025 Promotion of the Arts Partnership Agreements FY2019-0SG-415 45.025 Promotion of the Arts Partnership Agreements Total (64) 90,657 (64) 90,657 (64) 90,657 8,657 8,657 8,657 86,010 86,010 86,010 19,442 19,442 19,442 23,581 23,581 23,581 62,587 62,587 62,587 13,382 13,382 13,382 42,861 42,861 42,001 42,861 4,001 (4,211) (4,211) (4,211) 615 615 615 8,896 8,896 8,896 2,391 2,391 2,391 354,805 354,805 354,805 354,805 354,805 1 1 354,805 2,479 2,479 2,479 2,479 2,479 2,479 45.160 Promotion of the Humanities Fellowships and Stipends FZ-261403-18 FZ-261403-18 60,389. 60,389 60,389 45.160 Promotion of the Humanities Fellowships and Stipends Total 45.161 Promotion of the Humanities Research 60,389 60,389 60,389 RQ-255662-17 61,477 75,043 136,520 136,520 RZ-249870-16 (5,867) 54,971 49,104 49,104 45.161 Promotion of the Humanities Research Total 55,610 130,015 185,625 185,625 45.169 Promotion of the Humanities Office of Digital Humanities HD-248544-16 22,495 22,495 22,495 45.169 Promotion of the Humanities Office of Digital Humanities Total 22,495 22,495 22,495 Federal Council on the Arts and the Humanities Total 140,973 130,015 270,988 268,508 2,479 National Aeronautics and Space Administration 43.001 Science 1557 UNIV OF OREGON AMEND 2 22241500#1 AMEND 1 80NSSC19K0360 80NSSSC18K1420MOD #2 HST-GO-15427.001-A NNX12AL93G/NNX15AR59G NNX15 AI68G MOD #5 NNX16AJ59G MOD 2 NNX16AQ56GAMEND #2 RES514304 60 University of Oregon 18,626 18,626 18,626 27,651 27,651 27,651 31,840 31,840 31,840 35,539 35,539 35,539 21,596 21,596. 21,596 (0) (0) 6,077 6,077 (0) 6,077 41,259 41,259 41,259 2.228 2,228 2,228#63Schedule of Expenditures of Federal Awards For the Year Ended June 30, 2019 Federal Grantor / Program Title / Pass-through Grantor / Contract Number RJ249-G3 43.001 Science Total 43.003 Exploration PO# T73067 MOD 6 43.003 Exploration Total 43.xxx National Aeronautics and Space Administration 147302 148778MOD #3 UTA18-000970 AMEND 1 3.xxx National Aeronautics and Space Administration Total National Aeronautics and Space Administration Total National Science Foundation 47.041 Engineering Grants 7041 16020 AMEND 2 1609679-ECCS 1640492-IIP 1804218-CBET AMEND 1 1841606-CBET 1905185-CBET RH130-G1 AMEND 1 RJ375-68 S1751A-A AMEND 3 Direct Pass-through Subrecipients Total Direct Award Expenditures Award 24,363 209,178 24,363 209,178 24.363 138,538 70,640 14,312 14,312 14,312 14,312 14,312 14,312 5,926 36,545 42,470 265,960 5,926 5,926 36,545 36,545 42,470 42,470 265,960 138,538. 127,422 89,857 89,857 89,857 15,399 15,399. 15,399 12,089 12,089 12,089 73,856 10,852 84,708 84,708 33,070 59,876 59,876 33,070 59,876 1,678 1.678 1,678 99,773 99.773 3,773 99,773 25,894 25,894 25,894 28,077 28,077 28,077 U1058A-A MOD 9 67,935 67,935 67,935 47.041 Engineering Grants Total 474,433 10,852 485,285 173,749 311,537 47.049 Mathematical and Physical Sciences 1255370-DMR 1255370-DMR MOD #5 29,215. 29,215 29,215 1263431-DMS 1202986-CHE 1.297 1,297 1,297 1302986-CHE AMEND 4 293,041 293,041 293,041 1206441 Puv 1306441-PHY 1360347-CHE 1362500-CHE AMEND 2 1401410-DMR 731 92,037 721 731 731 92,037 92,037 3,651 3,651 3,651 7,376 7,376 7,376 1404676-DMR 1406354-PHY 1408933-DMR 87,863 87,863 87,863 46,304 46,304 46,304 7,621 7,621 7,621 1454036-CHE 72,096 72,0961 72,096 1454747-CHE MOD # 1 148,498 148,498 148,498 1461485-CHE 28,630 28,630 28,630 1501144-DMS AMEND 1 35,848 35,848 35,848 1503550 CHE 108,839 108,839 108,839 ст 1505118 PHY AMEND 2 1505891-CHE AMEND 1 1506221 CHE AMEND 1 1507115-DMR AMEND 2 1507 1510296-DMS 1521466-PHY AMEND 002 1531189-CHE 1532225 DMR 1532225 DMK 1553032-DMS AMEND 3 1559609-DMS 29.661 29,661 29,661 240,350 240,350 240,350 53,991 53,991 53,991 93,577 93,577 93,577 39,433 39,433 39,433 52.454 52,454 52,454 32,434 52,454 10.370 10,370 10,370 10,570 10,370 7,240 7.240 7,240 7,240 7.240 7,240 90 343 90,343 90,343 90.343 90 343 90,343 44,726 44,726 44,726 1560783-DMS 1565036-DMS 1565680-CHE 1565780-CHE AMEND 2 1566348-CHE 1601837-DMS 1604167-DMR 1606227-PHY AMEND 2 1607214-CHE AMEND 1 1607336-PHY AMEND 3 51.891 65.000 65,099 140,753. 133 159 42,237 42 237 42,237 42.227 51,891 51,891 65,099. 65,099 140.752 140,753 140 753 140,753 133,159 122 150 133,159 133,159 133 150 52,656 52,656 52,656 66,855 66,855 66,855 96,954 96,954 96,954 187,911 953 188,864 188,864 322,448 322,448 322,448 1607733-PHY AMEND 2 91,460 91,460 91,460 1608915-CHE 94,375 94,375 94,375 1609926-CHE 85,795 85,795 85,795 1610675-CHE 125,159 125,159 125,159 1611797-DMS 43,371 43,371 45,571 45,971 43,371 1620822-CHE AMEND 2 1642067-DMS 1659346-CHE 1665056-DMS AMEND 1 58,905 58,905 30,503 58,905 10 10 70,537 70,537 70.537 70,616 70,616 70,616 1665183-DMS AMEND 1 61,443 61,443 61,443 61,443 1665466-CHE AMEND 1 190.362 190.362 190.362 1700642-DMS 1700642-DMS 55,313 55.313 55,313 55.313 55,313 1700905-DIS 1700905-DMS AMEND 2 46,275 46,275 46,275 1702251-DMS AMEND 2 46,395 46.395 46,395 46.395 46.395 46,395 1707427-PHY 1707427-PHY 5.967 5.967 5,967 5,967 5.967 5,967 1710214-DMR 1710721-CHE 6.PHY 1719396-PHY AMEND 2 ме 1751281-DMS AMEND 1 3752129-CHE AMEND 3 164,739 182,917 79,072 79,072 164 720 182 917 70.072 164 739 182,917 79,072 76,923 76.922 26.022 76,923 60,434 60 434 60 194 60,434 60,434 1752994-CHE AMEND 1 81,162 81,162 81,162 1800498-DMS 5,790 5,790 5,790 75-1030324 1800586-CHE 1807046-PHY AMEND 1 1808791-CHE 1810893-DMS AMEND 1 1820789-PHY 1830070-DMS AMEND 1 & 2 1839216-PHY 1904721-DMS 75-1096324/S405122 MOD 3 75-S418939 76749/1136652/2 AMEND 7 S1891A-B AMEND 2 UO ID 2417U1 138,362 129 262 138,362 138,362 37,629 37,629 37,629 69,677 69,677 69,677 18,642 18,642 18,642 30,840 30,840 30,840 2,272 2,272 2,272 6.616 55,700 55,700 55,700 3,356 3,356 3,356 20,712 20,712 20,712 0,714 20,712 71,424 71,424 71,424 74,159 74,159 74,159 222,774 222.774 222,774 1,312 47.049 Mathematical and Physical Sciences Total 5.229,036 953 1,312 5,229,989 4,860,320 1,312 369,669 47.050 Geosciences 104714821 AMEND 2 1259603-NCE 1414041-DEB 32,868 933 250,297 20,370 32,868 933 270,667 32,868 933 270,667 2019 Annual Financial Report | 61#64Schedule of Expenditures of Federal Awards For the Year Ended June 30, 2019 Federal Grantor / Program Title/Pass-through Grantor / Contract Number 1420898-EAR 1447337-EAR MOD 2 1459794-OCE MOD #4 1460489-EAR 1504521-PLR AMEND 1 1520694-EAR 1524665-EAR AMEND 2 1524824-EAR 1537201-OCE 1541015-ICER 1543012-PLR 1943012-FLR 1543383-PLR 1546006-EAR. 1547594-EAR MOD 4 1547394-A 1552232-PLR 1603907-PLR Direct Expenditures Subrecipients Total Direct Award Pass-through Award 47,257 47,257 47,257 51,444 125,840 4,114 51,444 51,444 125,840 125,840 4,114 4,114 41,640 41,640 41,640 (74) (74) (74) 77,740 77,740 77,740 21,295 18,939 40.234 1,293 40,234 12,739 12,739 12,739 11,345 11,345 11,345 103,009 103,009 103,009 281,577 89,104 370,681 370,681 61,317 61,317 61,317 99,944 9,050 100,559 108,995 108,995 203,446. 2,052 205,498 205,498 203,450 214,735 214,735 214,735 74,034 74,034 74.034 74,034 74.034 74,054 17,299 17,499 17,299 17,299 17,299 17,499 67,560 67,560 67.560 27.966 27.966 47,500 27,966 27,500 47,500 243,412 243.412 243.412 1624557-EAR 1634786-OCE 1034/66-DCE 1636815-EAR AMEND 2 1644027-OPP 104402704 1644196-OPP 1650262-AGS 1659447-OCE 1659447-OCE 1663834 AMEND 1 1725207-EAR 1727451-EAR AMEND 3 1737145-OCE 1737364-OCE 1738508-OPP 1738508-OPP 37,344 37.344 147.110 147,110 16.650 122,091 1744570-OPP 1749183-EAR 1822977-EAR 1824223-EAR 1829442-EAR 59,035 59.035 4,373 99,304 7 101 7,491 125,322 59.035 4,373 00 201 99,304 37.344 147,110 16.650 122,091 37,344 147,110 16 659 16,659 122.091 59,035 4,373 99,304. 7,491 7.491 7,491 125,322 125,322 54,368 54,368 54,368 84,356 84,356 84,356 4,290 4,290 4,290 13,406 13,406 13,406 1829932-OCE 1836651-EAR AMEND 1 1841375-EAR 1841376-EAR AMEND 1 GR103794(CON-80001345) 19,609 19,609 19,609. 23,921 23,921 23,921 87,211 87.211 87.211 133,221 133,221 133,221 46,927 S1974A-A AMEND 4 125,953 47.050 Geosciences Total 3,283,727 139,515 46.927 125,953 3,423,242 46,927 125,953 3,217,494 205,748 7.070 Computer and Information Science and Engineering 0070 G RC848 MOD #7 85,045 85,045 85,045 1423617-CCF 1450471-ACI 1451045-ACI AMEND 2 1562859-BCS AMEND 2 1564348-CNS AMEND 1 1619036-IIS AMEND 1 1717883-CCF 1719158-CCF 1719165-CNS AMEND 1 Сов 1725585-CCF AMEND 2 1737645-CNS 1737902.CCE 1737803-CCF 29,763 29,763. 29,763. 123,858 123.858 123,858 784,729 784,729 784,729 66,236 bb,230 66,236 66,236 76,859 76,859 76.859 76,859 76.859 59,958 59.958 59,958 49.227 49,227 49,227 174,479 174,479 174 479 111,191 111,191 111 191 62,534 62,534 62,534 77,480 7 190 77 490 77,480 77,480 1.687 1,687 1687 1,687 1,687 1743195-CNS AMEND 1 319,766 319,766 319,766 1747798-CNS 118,142 118,142 118,142 1832506-CCF 25,000 25,000 25,000 1833170-OAC 19,735 19,735 19,735 1835661-OAC 36,7221 36,722 36,722 1837286-CNS 9,936 9,936 9,936 2017-0083 AMEND 2 138,582 138,582 138,582 207HOO592 80,436 80,436 80,436 9920180109 48,587 48,587 48,587 47.070 Computer and Information Science and Engineering Total 2,499,951 2,499,951 2,147,300 352,651 47.074 Biological Sciences 1256897-DEB AMEND 1 4,155 4,155 4,155 1559150-105 1339130-IOS 303,728 303,728 303.728 1340047-EF 1340847-EF AMEND 2 381,471 381,471 381,471 1427957-DBI 1927337 1442109-DEB 13,764 13,764 13,764 76.125 76.125 76,125 1455283-DEB MOD 1 1455283-DEB 1455506 1455506 1460735-DBI 1503545-DBI 1614606-MCB 1616016-MCB AMEND 1 1701954 DER 1701854-DEB 1759015 DRI 1758015-DBI AMEND 1 1758947-IOS 1759947-JOS 574 674 674 674 674 074 1,358 1.358 1,358 44.246 44,240 44,246 62,221 62,221 62,221 93.502 93 502 93.502 295 642 295.642 295,642 10,832 10,832 10,832 75,518 75,518 75,518 75,036 25 026 75,036 75,036 75.036 1759821-DBI 45,011 45,011 45,011 1813148-DEB 113,726 9,800 123,526 123,526 1818490-DEB AMEND 1 175,636 175,636 175,636 1821824-MCB 112,700 112,700 112,700 1844963-DEB 6,478 6,478 6,478 2044-206-2012713. 22,495 22,495 22,495 2004540400/20 3004519490/3004976738 AMEND 3 1,884 S1695Q-C AMEND 2 11,652 47.074 Biological Sciences Total 1,927,853 9,800 1,884 11,652 1,937,653 1,884 11,652 1,901,622 36,031 47.075 Social, Behavioral, and Economic Sciences 10031411-OREGON MOD #5 8,621 8,621 8,621 1253779-SES MOD #4 21,215 21,215 21,215 1263817-BCS AMEND 3 12,868. 12,868 12,868 1358724-BCS AMEND 5. 43,561 43,561 43,561 1359800-BCS 150.696 150,696 150,696 1360632-BCS 8,329 8,329 8,329 1451848 78,333 78,333 78,333 1459374-BCS 1500674-BCS AMEND 3 1500714-BCS AMEND #3 5,797 5,797 5,797 75,575 6,487 82,062 82,062 17,020 17,020 17.020 62 University of Oregon#65Schedule of Expenditures of Federal Awards For the Year Ended June 30, 2019 Federal Grantor / Program Title / Pass-through Grantor / Contract Number Direct Expenditures Subrecipients Total Direct Award Pass-through Award 1539698-BCS 1551817-BCS 4,061 150,428 4,061 4,061 150,428 150,428 1559209-SES 1561099-BCS 1627042-BCS 94.632 102,099 3,582 94,632 102,099 94,632 102,099 3,582 3,582 1628750-BCS AMEND 1 1,000 1,000 1,000 1632327-BCS 1632556-SES 1634140-BCS 1638786-BCS 1640937-BCS 1655038-SES 1661157-SMA 85,935 85,935 85,935 13,184 13,184 13,184 47,474 47,474 47,474 3,325 3,325 3,325 77,566 77,566 77,566 56,941 32,982 89,923 89.923 1752921-BCSAMEND 4 1723519-BCS 1725319 S 1734166-BCS AMEND 2 1734264-BCS 1734840-BCS 1751885-BCS 1841420-BCS 1041920- 8,220 8.220 0,440 8,220 123,092 123,092 123,092 155,915 155.915 155,915 3,020 5,828 5.828 3,040 3,020 5,828 9,543 9,543 3,995 9,545 9,543 91,856 91.856 91,856 13,114 13.114 15,114 13,114 1844715-SES 13,864 13,864 13,864 1848513-BCS 1848513-BCS 2,589 2,589 2,589 2016-3216-01 AMEND 1 13,115 13,115 13,115 GF30000-1 AMEND 1 1,495 1,495 1,495 47.075 Social, Behavioral, and Economic Sciences Total 1,500,873 39,469. 1,540,343 1,517,112 23.231 47.076 Education and Human Resources 13000 1309047-DGE 1355971-DUE (70,538) 110,284 (70,538) (70,538) 110,284 110,284 1503161-DRL AMEND 4 1510725-DRL AMEND 1 1524623-DUE 1623955-DMR MOD 2 504,424 106,341 610,765 610,765 4,047 4,047 4,047 79,639 79,639 79,639 11,135 11,135 11,135 1657015-DRL 1660724-DUE 387,960 367,500 387,960 387,960 167,500 166,988 166,988 166,988 1660840-DRL AMEND 1 1661117-DUE 1748954-DRL AMEND 2 1759442-DRL 53,382 53,382 53,382 193,191 193,191 193,191 409,416 13,920 423,336 423,336 89,749 25,592 1821277-DUE 13,056 1842486-DGE AMEND 3 Programs 1042400- 47.076 Education and Human Resources Total 47.078 Polar 1203868-ARC AMEND 5 1203000 47.078 Polar Programs Total 987,333 2,940,067 145,852 115,341 13,056 987,333 3,085,919 115,341 13,056 987,333 3.085.919 1,462 1,462 1,462 1,462 1,462 1,462 47.079 Office of International Science and Engineering 1110090Z7 MOD #4 32,049 32,049 32,049 47.079 Office of International Science and Engineering Total 32,049 32,049 National Science Foundation Total 17,889,451 346,442 Research and Development Cluster Total 74,631,730 7,006,709 18,235,892 81,638,439 16,904,978 68,281,844 32,049 1,330,915 13,356,595 Other Clusters Agency for International Development 98.001 USAID Foreign Assistance for Programs Overseas (B) 2000009238 98.001 USAID Foreign Assistance for Programs Overseas (B) Total Agency for International Development Total 93,523 93,523 93,523. 93,523. 93,523 93,523 93,523 93,523 93,523 Corporation for National and Community Service 94.006 AmeriCorps 18-157 AMEND 1 4587 94.006 AmeriCorps Total 94.009 Training and Technical Assistance 18-157 AMEND 1 94.009 Training and Technical Assistance Total Corporation for National and Community Service Total Department of t of Agriculture 10.167 Transportation Services 17-TMTSD-OR-0012 10.167 Transportation Services Total 10.608 Food for Education LA-17-SUBAGR-8431-VL145853-01 10.608 Food for Education Total 10.652 Forestry Research 14-CR-11060200-026 MOD #5 2-323 MOD 2 14-CS-11132422-323 10.652 Forestry Research Total 10.674 Wood Utilization Assistance 304,475 80,056 384,531 1,069 1,069 385,600 ་་་་་་ 304,475 80.056 384,531 304,475 80,056 384,531 1,069 1,069 385,600 1,069 1,069 385,600 32,031 32,031 32,031 32,031 32,031 32,031 162,560 162,560 162,560 162,560 162,560 162,560 6,327 6,327 6,327 5,945 5,945 5,945 12,271 12,271 12,271 13-DG-11062765-723 MOD #8 24,419 24,419 24,419 15-CR-11062771-029 MOD 3 175,639 175,639 175,639 10.674 Wood Utilization Assistance Total 200,058 200,058 200,058 10.699 Partnership Agreements G-09437-01 6,897 6,897 6,897 10.699 Partnership Agreements Total 10.xxx Department of Agriculture. 18-CR-11061800-001 G-09305-01 UO ID 271961 10.xxx Department of Agriculture Total Department of Agriculture Total Department of Commerce. 11.020 Cluster Grants X0188S-A AMEND 2 X0188S-B 11.020 Cluster Grants Total 11.303 Economic Development Technical Assistance ED17SEA3030029 AMEND 2 6,897 6,897 6,897 18,470 18,470 18,470 14,474 14,474 14,474 27,941 27,941 27,941 60,885 60,885 18,470 42,415 474,702 474,702 262,830 211,872 139,118 49,998 189,115 11.303 Economic Development Technical Assistance Total 11.419 Coastal Zone Management Administration Awards. 141-1030-16 11.419 Coastal Zone Management Administration Awards Total 124,598 124,598 127 127 ་་་་་་་ 139,118 49,998 189,115 124,598 124,598 124.598 124,598. 127 127 139,118 49,998 189,115 127 127 2019 Annual Financial Report | 63#66Schedule of Expenditures of Federal Awards For the Year Ended June 30, 2019 Federal Grantor / Program Title / Pass-through Grantor / Contract Number 11.420 Coastal Zone Management Estuarine Research Reserves 24681 AMEND 2 11.420 Coastal Zone Management Estuarine Research Reserves Total 11.454 Unallied Management Projects 17-04-B-117 11.454 Unallied Management Projects Total 11.473 Office for Coastal Management NA14NOS4730153 11.473 Office for Coastal Management Total Department of Commerce Total Department of Defense 12.630 Basic, Applied, and Advanced Research in Science and Engineering 19-871-025 Direct Expenditures 52,972 52,972 (5,228) (5.228) Subrecipients Total 52,972 52,972 (5,228) (5,228) Direct Award Pass-through Award 52,972 52,972 (5,228) (5,228) 361,585 361,585 124,598 236,987 5,940 5,940 12.630 Basic, Applied, and Advanced Research in Science and Engineering Total Department of Defense Total 5,940 5,940 5,940 5,940 Department of Education 84.015A National Resource Centers Program for Foreign Language and Area Studies or Foreign Language and International Studies Program and Foreign Language and Area Studies Fellowship Program P015A140135-17 ACTION 7 134,264. 134.264 134,264 84.015A National Resource Centers Program for Foreign Language and Area Studies or Foreign Language and ternational Studies Program and Foreign Language and Area Studies Fellowship Program Total 84.015B National Resource Centers Program for Foreign Language and Area Studies or Foreign Language and International Studies Program and Foreign Language and Area Studies Fellowship Program 134,264 134,264 134,264 P015B140135-17 8,732 34.015B National Resource Centers Program for Foreign Language and Area Studies or Foreign Language and International Studies Program and Foreign Language and Area Studies Fellowship Program Total 84.283 Comprehensive Centers 8,732 8,732 8.732 8,732 8,732 S283D160003-19 $4.283 Comprehensive Centers Total 299 Indian 84.299 Indian Education Special Programs for Indian Children S299B160020-18 200190042 S299B180043 84.299 Indian Education -- Special Programs for Indian Children Total 84.323 Special Education - State Personnel Development 11264 AMEND 1 11364 AMEND 84.323 Special Education State Personnel Development Total 84.324 Research in Special Education R324B160034-18 ACTION 10 5,940 5,940 5,940 1,017,100 517,151 1,017,100 517,151 1,534,251 1,534,251 1,534,251 1,534,251 456,198. 52,356 508.555 37,828 37,828 456,198 456,198 52,356 52,356 508,555 508,555 37,828 37,828 37.828 37,828 180,448 180,448 180,448 R324L180014 ACTION #6 65,413 65,413 65,413 84.324 Research in Special Education Total 245,861 245,861 245,861 84.325 Special Education - Personnel Development to Improve Services and Results for Children with Disabilities 40710 13,000 13,000 13,000 H325D130067-17 ACTION 5 136.622 136,622 136,622 H325D150082-18 306.490 306,490 306,490 H325D160047-18A 227,941 227,941 227,941 H325K120213-15 MOD #15 28,018 28,018 28,018 H325K150204-19 H325K170150-19 342,701 342,701 342,701 253,791 253,791 253,791 H325K180170 172,972 172,972 172,972 84.325 Special Education - Personnel Development to Improve Services and Results for Children with Disabilities Total 1,481,535 1,481,535. 1,468,535 13,000 84.326 Special Education Technical Assistance and Dissemination to Improve Services and Results for Children with Disabilities 20150079-01-UOR AMEND #5 H326L180002 H326S130004-17 ACTION 20 521,040 118,831 1,213,106 521,040 521,040 111,820 1,856,596 230,651 H326S180001-19B 1,334,165 2,030,605 3,069,702 3,364,770 230,651 3,069,702 3,364,770 84.326 Special Education Technical Assistance and Dissemination to Improve Services and Results for Children with Jisabines for Disabilities Total 3,187,142 3,999,021 7,186,163 6,665,123 521,040 84.351 Arts in Education 21376 AMEND #5 129,432 84.351 Arts in Education Total 129,432 84.411 Education Innovation and Research (formerly Investing in Innovation (13) Fund) USED01-000-10-UO-00 AMEND 1 10,579 10,579 33,272 33,272 129,432 129,432 10,579 10,579 33,272 33,272 129,432 129,432 10,579. 10,579 33,272 33,272 84.411 Education Innovation and Research (formerly Investing in Innovation (13) Fund) Total 84.418 Promoting Readiness of Minors in Supplemental Security Income 69207-Q0244201 AMEND B 7-Q02442 84.418 Promoting Readiness of Minors in Supplemental Security Income Total 84.424 Student Support and Academic Enrichment Program ISIS/LAGOV 84.424 Student Support and Academic Enrichment Program Total 84.xxx Department of Education RFP-010-2016 (P) 84.xxx Department of Education Total Department of Education Total Department of Energy 81.049 Office of Science Financial Assistance Program DE-SC0018624 MOD 01 81.049 Office of Science Financial Assistance Program Total 81.xxx Department of Energy IIE0136 OREGON 5.14.18 81.xxx Department of Energy Total Department of Energy Total Department of Health and Human Services 93.086 Healthy Marriage Promotion and Responsible Fatherhood Grants K11292 MOD 93.086 Healthy Marriage Promotion and Responsible Fatherhood Grants Total 93.234 Traumatic Brain Injury State Demonstration Grant Program 90TBSG0039-02-00 93.234 Traumatic Brain Injury State Demonstration Grant Program Total 93.242 Mental Health Research Grants 1R25MH120869-01 93.242 Mental Health Research Grants Total 15,000 15,000 15,000 15,000 15,000 15,000 (43) (43) (43) (43) 6,809,255 (43) (43) 4,516,172 11,325,427 10,565,320 760,107 2,710 2,710 68,980 68,980 71,689 2,710 2,710 2,710 2,710 68,980 68,980. 68,980 68,980 71,689 2,710 68,980 28,435 29,767 58,202 28,435 29,767 58,202 58,202 58,202 241,018 241,018 241,018 241,018 241,018 241,018 5,314 5,314 5,314 5,314 5,314 5,314 93.243 Substance Abuse and Mental Health Services Projects of Regional and National Significance 1 H79 SM080455-01 25.909 25,909 25,909 93.243 Substance Abuse and Mental Health Services Projects of Regional and National Significance Total 93.587 Promote the Survival and Continuing Vitality of Native American Languages 25514 AMEND 1 25,909 25,909 25,909 7,071 7,071 93.587 Promote the Survival and Continuing Vitality of Native American Languages Total 7,071 7,071 7,071 7,071 64 University of Oregon#67Schedule of Expenditures of Federal Awards For the Year Ended June 30, 2019 Federal Grantor / Program Title / Pass-through Grantor / Contract Number 93.600 Head Start 26282 93.600 Head Start Total 93.632 University Centers for Excellence in Developmental Disabilities Education, Research, and Service 90DD0011-05-00 90DD0652/05 93.632 University Centers for Excellence in Developmental Disabilities Education, Research, and Service Total Department of Health and Human Services Total on Department of Homeland Security 97.036 Disaster Grants Public Assistance (Presidentially Declared Disasters) 4309-DR-WA 97.036 Disaster Grants Public Assistance (Presidentially Declared Disasters) Total 97.039 Hazard Mitigation Grant DR-4258-OR-10-P HMGP-DR-4328-OR-5-P 97.039 Hazard Mitigation Grant Total 97.045 Cooperating Technical Partners 2412B0 AMEND 1 44140 EMS-2018-CA-00017-S01 EMS-2018-CA-00018-A03 97.045 Cooperating Technical Partners Total 97.047 Pre-Disaster Mitigation PDMC-PL-10-OR-2016-001 97.047 Pre-Disaster Mitigation Total Department of Homeland Security Total Department of Justice 16.524 Legal Assistance for Victims 2017-WL-AX-0038 #14 16.524 Legal Assistance for Victims Total 16 575 Crime Victim Assistance 16.575 VOCA-C-2016-UOFO-00063 VOCA-OT-2016-UOFO-00064 VOCA-SST-2018-UOFO-00057 2010 16.575 Crime Victim Assistance Total Department of Justice Total Department of Labor 17.270 Reentry Employment Opportunities YF-27297-15-60-A-11 17.270 Reentry Employment Opportunities Total Direct Expenditures 9,039 9,039 Subrecipients Total 9,039 9,039 Direct Award Pass-through Award 9,039 9,039 (1,254) (1,254) (1,254) (1,561) (1,561) (1,561) (2,815) (2,815) (2,815) 313,971 29,767 343,739 269,426 74,313 115.745 115,745 115,745 115,745 115,745 115,745 12.210 12,210 12,210 503 503 503 12,714 12,714 12,714 1,284 1,284 1,284 18,923 18,923 18,923 89,493. 89,493 89,493 109,700 109,700 108,416 1,284 14,205 14,205 14,205 14,205 252,364 14,205 14,205 252,364 108,416 143,948 115,317 43,742 159,059 159,059 115,317 43,742 159,059 159,059 98,584 98,584 98,584 4,820 4,820 4,820 17,376 17,376 17,376 120,780 120,780 120,780 236,097 43,742 279,839 159.059 120,780 16,993 16,993 16,993 16,993. 17.277 WIOA National Dislocated Worker Grants / WIA National Emergency Grants 16-246 (6,957) (6,957) 17-217 AMEND 2 406,557 406,557 Department of State 17.277 WIOA National Dislocated Worker Grants / WIA National Emergency Grants Total Department of of Labor Total 399,600 399,600 416,594 416,594 19.009 Academic Exchange Programs - Undergraduate Programs P018002306 19.009 Academic Exchange Programs - Undergraduate Programs Total 19.040 Public Diplomacy Programs 102,023 102,023. 102,023 102,023 25851 SAR20018GR0011 AMEND M001 SCI80017GR0056 15 69,501 (3) SC180018GR0040 44.525 19.040 Public Diplomacy Programs Total 114,039 19.421 Academic Exchange Programs - English Language Programs PO18004344 30,133 19.421 Academic Exchange Programs - English Language Programs Total 30.133 9.501 Public Diplomacy Programs for Afghanistan and Pakistan SPK33018CA0033 45,065 19.501 Public Diplomacy Programs for Afghanistan and Pakistan Total 45,065 291,259 State Total Department of Stat Department o of The Interior 15.224 Cultural and Paleontological Resources Management L16AC00285 L16AC00286 MOD 2 L16AC00287 AMEND 1 L18AC00113 MOD 1 15.224 Cultural and Paleontological Resources Management Total and 15.945 Cooperative Research and Training Programs - Resources of the National Park System P14AC01482 MOD #4 FAC01482 P17AC01563 MOD #1 15.945 Cooperative Research and Training Programs - Resources of the National Park System Total 15.946 Cultural Resources Management P15AC01822 MOD 5 15.946 S Cultural I Resources Management Total 15.IPA Intergovernmental Personnel Act Mobility Program Intergovernmental Personnel Agreement 15.IPA Inter Intergovernmental Personnel Act Mobility Program Total ment of the Interior 15.xxx Department of 140G0318D0003/140G0319F0066 ORFO-12/31/18-DVS01 15.xxx Department f the Interior Total Department of The Interior Total 15 69,501 (3) 44,525 114,039 69,501 (3) 44,525 114,024 16,993 16,993 (6,957) 406,557 399,600 416,594 102,023 102,023 15 15 (3,580) (2,411) 6.286 3,905 4,199 ་་་་་ ་་་་་ 30,133 30,133 30,133 30,133 45,065 45,065 45,065 45,065 291,259 159,089 132,170 (3,580) (3,580) (2,411) (2,411) 6,286 6,286 3,905 3,905 4,199 4,199 35,976 35,976 35,976 13,549 13,549. 13,549 49,524 49,524 49,524 2,060 2,060 2,060 2,060 2,060 2,060 21,025 21,025 21,025 21,025 21,025 21,025 8,030 8,030 8,030 30,309 30,309 30,309 38,339 38,339 38,339 115,148 115,148 115,148 Department partment of Fam Transportation 20.608 Minimum Penalties for Repeat Offenders for Driving While Intoxicated UO ID 2416W1 2,607 2,607 2,607 20.608 Minimum Penalties for Repeat Offenders for Driving While Intoxicated Total 2,607 2,607 2,607 20.701 University Transportation Centers Program NITC2016-U0-17 14,696 14,696 14,696 NITC2016-UO-03 1,623 1,623 1,623 NITC2016-UO-05 175 175 175 NITC2016-UO-11 45,000 45,000 45,000 NITC2016-UO-12 28,389 28,389 28,389 NITC2016-UO-13 23,500 23,500 23,500 NITCN-UO-06 1,482 1,482 1,482 20.701 University Transportation Centers Program Total NITCN-UO-15 20.703Interagency Hazardous Materials Public Sector Training and Planning Grants 2017-02651 20.703Interagency Hazardous Materials Public Sector Training and Planning Grants Total (45) (45) (45) 114,819 114,819 114,819 429 429 429 429 429 429 2019 Annual Financial Report | 65#68Schedule of Expenditures of Federal Awards For the Year Ended June 30, 2019 Federal Grantor / Program Title / Pass-through Grantor / Contract Number 20.xxx Department of Transportation DTFH7017E30017L/0002 UO ID 272271 20.xxx Department of Transportation Total Department of Transportation Total Environmental Protection Agency 66.456 National Estuary Program DEV-17-01-3 AMEND 3 66.456 National Estuary Program Total Environmental Protection Agency Total Federal Council on the Arts and the Humanities Direct Expenditures 12,774 26,238. 39,012 156,868 Subrecipients Total 12,774 26,238. 39,012 156,868 11,936 11,936 11,936 11,936 11,936 11,936 Direct Award Pass-through Award 12,774 26,238 12,774 26,238 12,774 144,094 11,936 11,936 11,936 45.024 Promotion of the Arts Grants to Organizations and Individuals 16-5500-7065 AMEND 2 17-4200-7004 AMEND 2 (32) (32) (32) 8,038 8,038 8,038 17-4200-7004 17-5500-7066 26,911 26,911 26,911 17-5500-7102 1809840-55-18 11,820 11.820 11,820 39,994 39,994 39,994 39,994 1829830-31-18 1623630-51-10 1829843-42-18 1023843-42-10 1831536-85-18 1844372-55-19 24,561 24,561 24,561 24,561 24,561 7,178 7,170 7,170 7.178. 7,178 27,985 27.985 27,985 7,454 7,454 7,454 1847718-42-19 13,835 13,835 13,835 45.024 Promotion of the Arts Grants to Organizations and Individuals Total 45.025 Promotion of the Arts Partnership Agreements 167,744 167,744 167,744 FY2019-OSG-609 25595/FY18-ABC-15689 FY2019-OSG-184 45.025 Promotion of the Arts Partnership Agreements Total 1,704 1,704 1,704 8,737 8,737 8,737 5,442 5,442 5,442 15,882 15,882 15,882 .149 Promotion of the Humanities Division of Preservation and Access PG-258386-18. 5,828 5,828 5,828 45.149 Promotion of the Humanities Division of Preservation and Access Total 45.161 Promotion of the Humanities Research 5,828 5,828 5,828 RQ-260920-18 24,295 24,295 24,295 45.161 Promotion of the Humanities Research Total 24,295 24,295 24,295 45.163 Promotion of the Humanities Professional Development ES-261627-18 105,182 105.182 105,182 45.163 Promotion of the Humanities Professional Development Total 45.169 Promotion of the Humanities Office of Digital Humanities BALDWIN-NEH-OREGON G03106 105,182 105.182 105,182 4,656 4,656 4,656 45.169 Promotion of the Humanities Office of Digital Humanities Total 45.312 National Leadership Grants 4,656 4,656 4,656 116432_G003667 AMEND 3 45.312 National Leadership Grants Total 24,621 24,621 24,621 24,621 Federal Council on the Arts and the Humanities Total 348,209 10,344,740 4,589,681 24,621 348,209 14,934,420 24,621 303.050 12,082,419 45,159 2,852,001 Other Clusters Total Economic Development Cluster Department of Commerce 11.307 Economic Adjustment Assistance MOA/07-79-07410 AMEND 1 11.307 Economic Adjustment Assistance Total Department of Commerce Total Economic Development Cluster Total Fish and Wildlife Cluster Department of The Interior 15.605 Sport Fish Restoration. 104-16 15.605 Sport Fish Restoration Total Department of The Interior Total Fish and Wildlife Cluster Total 22,486 22,486. 22,486 22,486 22,486 22,486. 22,486. 22,486 22,486 22,486 22,486 22.486 29,121 29,121 29,121 29,121 29,121 29,121 29,121 29,121 29,121 29,121 29,121 29,121 Highway Planning and Construction Cluster Department of Transportation 20.205 Highway Planning and Construction 2018-00218 5,564 5,564 5,564 DTFH70-13-E00007 MOD # 10 204,089. 204,089 204,089 20.205 Highway Planning and Construction Total 209,654 209,654 204.089 5,564 Department of Transportation Total 209,654 209,654 204,089 5,564 Highway Planning and Construction Cluster Total 209,654 209,654 204,089 5,564 Medicaid Cluster Department of Health and Human Services 93.778 Medical Assistance Program Medicaid 402,887 402,887 402,887 93.778 Medical Assistance Program Total 402,887 402,887 402,887 Department of Health and Human Services Total 402,887 402,887 402,887 Medicaid Cluster Total 402,887 402,887 402,887 Special Education Cluster (IDEA) Department of Education 84.027 Special Education Grants to States 11065 242.254 242,254 180259 53,172 25044 AMEND #2 46074/50934/11159 AMEND 2 1,080,738 494,175 C191003 36,544 84.027 Special Education Grants to States Total 1,906,882 84.173 Special Education Preschool Grants 180259 25045 25046 AMEND # 2 53,172 (45) 219,146 26281 529,636 53,172 1,080,738 242,254 53,172 1,080,738 494,175 36,544 1,906,882 53,172 (45) 219,146 529,636 494,175 36,544 1,906,882 53,172 (45) 219,146 529,636 24,489 55,924 27136 24,489 24,489 40155/47580 55,924 55,924 46756 833 833 84.173 Special Education Preschool Grants Total 883,155 883,155 84.181 Special Education Grants for Infants and Families 40155/47580 343 343 46756 61 61 66 University of Oregon 833 883,155 343 61#69Schedule of Expenditures of Federal Awards For the Year Ended June 30, 2019 Federal Grantor / Program Title / Pass-through Grantor / Contract Number 84.181 Special Education Grants for Infants and Families Total Department of Education Total Special Education Cluster (IDEA) Total TRIO Cluster Department of Education 84.042 TRIO Student Support Services P042A151488-19 84.042 TRIO Student Support Services Total 84.217 TRIO McNair Post-Baccalaureate Achievement P217A170096-19 84.217 TRIO McNair Post-Baccalaureate Achievement Total Department of Education Total TRIO Cluster Total Total Expenditures of Federal Awards Direct Expenditures Subrecipients Total 404 2,790,442 2,790,442 617,369 617,369 404 2,790,442 2,790,442 Direct Award 617,369 617,369 617,369 617,369 Pass-through Award 404 2,790,442 2,790,442 240,492 240,492 240,492 240,492 240,492 240,492 857,861 857,861 857,861 857,861 857,861 857,861 265,576,029 11,596,390 277,172,418 258,116,209 19,056,209 2019 Annual Financial Report | 67#70Notes to Schedule of Expenditures of Federal Awards For the Year Ended June 30, 2019 Note 1 Basis of Presentation The accompanying schedule of expenditures of federal awards includes federal grant activity of the University and is presented on the accrual basis of accounting. The information in this schedule is presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance). Therefore, some amounts presented in this schedule may differ from amounts presented in, or used in the preparation of, the basic financial statements. Note 2 Summary of Significant Accounting Policies Expenditures reported on the schedule of expenditures of federal awards are recognized following the cost principals contained in Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance) wherein certain types of expenditures are not allowable or are limited as to reimbursement. Negative amounts shown on the Schedule represent adjustments or credits made in the normal course of business to amounts reported as expenditures in prior years. Pass-through entity identifying numbers are presented where applicable. Note 3 University Administered Loan Programs The Perkins program was funded with aid from the federal government and matched with institutional contributions. Over the years, the proportion of federal to institutional matching funds varied from a 90/10 split to a 75/25 split. At the end of fiscal year 2019 the University of Oregon elected to liquidate the Perkins portfolio, turning all of the loans over to the Department of Education. Repayment of the federal portion will be returned to the federal government. Note 4 Election of DeMinimis Indirect Rate During the current year end, June 30, 2019, the University did not elect to use the 10 percent de minimis indirect cost rate. Note 5 Pass-Through Awards University of Oregon passed through to subrecipients: Federal Grantor / Program Title / Subrecipient / Contract Number Department of Agriculture 10.310 Agriculture and Food Research Initiative (AFRI) Regents of the University of California Berkeley - 239121A Regents of the University of Colorado - 239121B 10.310 Agriculture and Food Research Initiative (AFRI) Total Department of Agriculture Total Department of Commerce 11.417 Sea Grant Support Oregon State University - 2409U1A 11.417 Sea Grant Support Total 11.419 Coastal Zone Management Administration Awards Coos Watershed Association - 290131C Oregon State University - 290131B University of North Carolina - 290132D Woods Hole Oceanographic Institution - 290131A Woods Hole Oceanographic Institution - 290132A 11.419 Coastal Zone Management Administration Awards Total Department of Commerce Total Department of Defense 12.300 Basic and Applied Scientific Research Payments 10,726 21,626 32,352 32,352 15,110 15,110 6,388 395 2,065 27,944 67,050 103,843 118,953 Texas Tech University - 236701A 145,552 12.300 Basic and Applied Scientific Research Total 145,552 12.550 The Language Flagship Grants to Institutions of Higher Education Portland Public Schools - 271881A 526,164 68 University of Oregon#71Notes to Schedule of Expenditures of Federal Awards For the Year Ended June 30, 2019 Federal Grantor / Program Title / Subrecipient / Contract Number 12.550 The Language Flagship Grants to Institutions of Higher Education Total 12.800 Air Force Defense Research Sciences Program Board of Trustees of the University of Illinois - 230731A Board of Trustees of the University of Illinois - 230732A 12.800 Air Force Defense Research Sciences Program Total Department of Defense Total Department of Education 84.283 Comprehensive Centers Florida State University - 251501A RMC Research Corporation - 251501C 84.283 Comprehensive Centers Total 84.305 Education Research, Development and Dissemination Center for Dialogue & Resolution - 224841B IRIS Media Inc - 224841A IRIS Media Inc - 224851B Michigan State University - 224641A New York University - 224651A Oregon Research Institute - 224811A Oregon Research Institute - 224851A Payments 526,164 6,476 190,530 197,006 868,723 318,807 198,344 517,151 20,236 90,949 135,575 8,507 15,440 63,564 22,336 Regents of the University of Minnesota - 224521A 10,921 Southern Methodist University - 224511A 55,996 University of Pittsburgh - 224811B 135,831 University of Texas at Austin - 224641B 2,790 84.305 Education Research, Development and Dissemination Total 562,143 84.324 Research in Special Education Arizona State University ASU - 224061A 68,306 HILL for Literacy Inc - 224771C 17,373 IRIS Media Inc - 224831A 54,361 Oregon Research Institute - 224771A 92,485 Oregon Research Institute - 224831B University of British Columbia - 224881n/a University of Texas at Austin - 224771B University of Wisconsin Madison - 224921A 4,311 21,393 29,072 24,623 84.324 Research in Special Education Total 311,923 84.324A Research in Special Education Board of Regents of the Nevada Sys of Higher Ed dba Univ of - 224741B 294,466 Oregon Research Institute - 224591A 27,022 Oregon Research Institute - 224741A 89,061 University of Texas at Austin - 224741C 42,121 84.324A Research in Special Education Total 452,670 84.326 Special Education Technical Assistance and Dissemination to Improve Services and Results for Children with Disabilities American Institutes for Research - 281521A 102,197 Board of Trustees for the University of Alabama - 224441P 52,456 Macomb Intermediate School District - 224441G 126,727 Macomb Intermediate School District 282071A 63,041 Macomb Intermediate School District - 282071B 241,929 May Institute Inc 224441J May Institute Inc - 2820711 Old Dominion University Research Foundation - 282071A Placer County - 224441N Placer County - 282071E 21,582 66,697 205,402 75,436 50,326 2019 Annual Financial Report | 69#72Notes to Schedule of Expenditures of Federal Awards For the Year Ended June 30, 2019 Federal Grantor / Program Title / Subrecipient / Contract Number Payments School Association for Special Ed in DuPage IL PBIS Network - 224441F School Association for Special Ed in DuPage IL PBIS Network - 282071D Sheppard Pratt Health System Inc - 224441H Texas State University San Marcos - 282071F University of Connecticut - 224441K University of Connecticut - 282071G University of Kansas Center for Research Inc - 224441C University of Kansas Center for Research Inc - 224441M University of Kansas Center for Research Inc - 282071C University of Kansas Center for Research Inc - 282071J University of Missouri - 224441A University of Missouri - 282071K 117,056 367,873 125,282 31,989 336,464 336,093 22,188 81,223 27,485 51,452 392,130 304,988 University of North Carolina - 224441Q 19,188 5,120 University of South Carolina - 224441L University of South Carolina - 282071H University of South Florida - 224441B University of South Florida - 282071L University of Texas at Austin - 281521D 84.326 Special Education Technical Assistance and Dissemination to Improve Services and Results for Children with Disabilities Total 84.327 Special Education Educational Technology Media, and Materials for Individuals with Disabilities Georgia Southern University Research & Service Foundation - 224481A Oregon Research Institute - 224541C 84.327 Special Education Educational Technology Media, and Materials for Individuals with Disabilities Total Department of Education Total Department of Energy 81.087 Renewable Energy Research and Development Lawrence Berkeley National Lab - 281131A 81.087 Renewable Energy Research and Development Total Department of Energy Total Department of Health and Human Services 29,603 481,744 253,728 9,623 3,999,021 43,728 36,896 80,624 5,923,532 (212) (212) (212) 93.086 Healthy Marriage Promotion and Responsible Fatherhood Grants New York University - 290163A 25,088 New York University - 290164A 4,679 93.086 Healthy Marriage Promotion and Responsible Fatherhood Grants Total 29,767 93.172 Human Genome Research University of Cambridge - 212845B 44,944 93.172 Human Genome Research Total 44,944 93.242 Mental Health Research Grants Carnegie Mellon University - 281451C 72,988 New York University - 215311A 90,000 Ohio State University Research Foundation - 215681B 220,483 Oregon Research Institute - 215681A 43,798 Research Foundation for Mental Hygiene Inc - 281451D 137,978 SRI International - 215681C 250,256 Trustees of Columbia University in the City of New York - 281451A 8,543 Trustees of Columbia University in the City of New York - 281451B 32,586 University of Pittsburgh - 215771A 31,866 University of Pittsburgh - 215772A 7,902 University of Pittsburgh - 215773A 400,414 University of Pittsburgh - 281451A 159,745 70 University of Oregon#73Notes to Schedule of Expenditures of Federal Awards For the Year Ended June 30, 2019 Federal Grantor / Program Title / Subrecipient / Contract Number 93.242 Mental Health Research Grants Total 93.273 Alcohol Research Programs University of Miami - 215701A 93.273 Alcohol Research Programs Total 93.310 Trans-NIH Research Support Childrens Research Institute - 281212A George Washington University - 281212B George Washington University - 281213B Pennsylvania State University - 281212C Pennsylvania State University - 281213C Yale University - 281212D 93.310 Trans-NIH Research Support Total 93.351 Research Infrastructure Programs Michigan State University - 215721B Michigan State University - 215722B Nicholls State University - 215722A Oregon State University - 217091A Texas State University San Marcos - 215421A University of Wuerzburg - 215421C Washington University - 215421B 93.351 Research Infrastructure Programs Total 93.396 Cancer Biology Research Oregon State University - 215371A 93.396 Cancer Biology Research Total Payments 1,456,559 25,654 25,654 19,614 232,146 458,511 152,653 306,493 13,191 1,182,609 22,671 102,327 24,356 30,533 103,111 22,548 4,261 309,808 27,260 27,260 93.433 ACL National Institute on Disability, Independent Living, and Rehabilitation Research Children's Hospital Medical Center - 239531A 28,422 Eduworks Corporation - 231231A 3,652 93.433 ACL National Institute on Disability, Independent Living, and Rehabilitation Research Total 93.838 Lung Diseases Research 32,073 University of Wisconsin Madison - 215941A 17,318 93.838 Lung Diseases Research Total 17,318 93.846 Arthritis, Musculoskeletal and Skin Diseases Research Arcadia University - 215411A 69,967 Emory University - 217181A 30,254 Oregon Research Institute - 215411B 11,614 93.846 Arthritis, Musculoskeletal and Skin Diseases Research Total 111,835 93.847 Diabetes, Digestive, and Kidney Diseases Extramural Research Regents of the University of California San Diego - 215381A 17,047 Stanford University - 215481A 190 93.847 Diabetes, Digestive, and Kidney Diseases Extramural Research Total 17,237 93.855 Allergy and Infectious Diseases Research Maryland State of - 215801A 10,530 93.855 Allergy and Infectious Diseases Research Total 10,530 93.859 Biomedical Research and Research Training Board of Trustees for the University of Alabama - 215621A 27,536 Oregon State University - 215033A Scripps Research Institute - 215612A Scripps Research Institute - 215613A Sloan Kettering Institute for Cancer Research -215531A 93.859 Biomedical Research and Research Training Total 93.865 Child Health and Human Development Extramural Research Loma Linda University - 217171A 37,490 5,563 11,704 86,084 168,377 94,482 2019 Annual Financial Report 71#74Notes to Schedule of Expenditures of Federal Awards For the Year Ended June 30, 2019 Federal Grantor / Program Title / Subrecipient / Contract Number Portland State University - 215731A 93.865 Child Health and Human Development Extramural Research Total 93.866 Aging Research Donald B Slocum Research & Education Foundation for Orthoped - 215431A Donald B Slocum Research & Education Foundation for Orthoped - 215431AK Georgia Tech Research Corp - 215831A Oregon Research Institute - 215431B 93.866 Aging Research Total Department of Health and Human Services Total Department of Homeland Security Payments 57,803 152,285 95,043 45,432 261,998 16,890 419,363 4,005,619 97.127 Cybersecurity Education and Training Assistance Program (CETAP) Regents of the University of California Los Angeles - 251373A 79,849 97.127 Cybersecurity Education and Training Assistance Program (CETAP) Total 79,849 Department of Homeland Security Total 79,849 Department of Justice 16.524 Legal Assistance for Victims Womenspace - 238941A 16.524 Legal Assistance for Victims Total Department of Justice Total Department of The Interior 15.232 Wildland Fire Research and Studies Colorado State University - 281192B Forest Stewards Guild - 281192A 15.232 Wildland Fire Research and Studies Total 15.807 Earthquake Hazards Program Assistance 43,742 43,742 43,742 33,581 520 34,101 Oregon State Department of Geology & Mineral Industries - 239591A 10,000 15.807 Earthquake Hazards Program Assistance Total 10,000 15.945 Cooperative Research and Training Programs - Resources of the National Park System Colorado Mesa University - 281441A 3,274 15.945 Cooperative Research and Training Programs - Resources of the National Park System Total Department of The Interior Total 3,274 47,375 Federal Council on the Arts and the Humanities 45.161 Promotion of the Humanities Research Bucknell University - 237631A Ohio State University Research Foundation - 238911A University of Puget Sound - 237631B 45.161 Promotion of the Humanities Research Total Federal Council on the Arts and the Humanities Total National Science Foundation 47.041 Engineering Grants Renasslar Polytechnic - 2008W1A 47.041 Engineering Grants Total 26,484 75,043 28,487 130,015 130,015 10,852 10,852 47.049 Mathematical and Physical Sciences Oregon State University - 2003U1A 47.049 Mathematical and Physical Sciences Total 953 953 47.050 Geosciences Board of Trustees of Whitman College dba Whitman College - 2003A1A 9,050 72 University of Oregon#75Notes to Schedule of Expenditures of Federal Awards For the Year Ended June 30, 2019 Federal Grantor / Program Title / Subrecipient / Contract Number Payments James Madison University - 2001S1A 18,939 Massachusetts Institute of Technology MIT - 2005H1A 2,052 89,104 Northeastern University - 2005J1A Oregon State University - 2000J1B Oregon State University - 2000J2B 47.050 Geosciences Total 47.074 Biological Sciences Sistema Universitario Ana G Mendez Inc - 2008R1A 47.074 Biological Sciences Total 47.075 Social, Behavioral, and Economic Sciences Portland State University - 2003D1A University of Southern California - 2005U1A 4,116 16,254 139,515 9,800 9,800 6,487 32,982 47.075 Social, Behavioral, and Economic Sciences Total 39,469 47.076 Education and Human Resources Educational Policy Improvement Center dba Inflexion - 2008Z1A 25,592 Oregon Research Institute - 2001X1B 61,070 Oregon Research Institute - 2007W1A 13,920 University of Texas at Austin - 2001X1A 45,271 47.076 Education and Human Resources Total 145,852 National Science Foundation Total Grand Total KIMTECH sh SYBR NO Ethidium Bromide Keep w Wipe up sp 2019 Annual Financial Report | 73 346,442 11,596,390#76College of Arts and NGRATULAT Sciences GRADUATES College of Design University of Oregon#77For information about the financial data included in this report, contact: Jamie Moffitt Vice President for Finance and Administration, CFO, and Treasurer 103 Johnson Hall 1283 University of Oregon Eugene, OR 97403-1283 541-346-3003#78University of Oregon uoregon.edu | 541-346-3003 Office of the Vice President for Finance and Administration, CFO, and Treasurer Eugene, OR 97403-1283 2019 University of Oregon