Texas State University-San Marcos Annual Financial Report: 2012 Page: 32
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UNAUDITED
Texas State University-San Marcos (754)
NOTES TO THE BASIC FINANCIAL STATEMENTS
TEXAS STATE UNIVERSITY-SAN MARCOS SUPPORT FOUNDATION
The Texas State University-San Marcos Support Foundation was formed exclusively for charitable, educational and scientific
purposes to assist in the development of the university. The Support Foundation had assets totaling $338,528.00 as of August
31, 2012. The Support Foundation income was $3,549.00, and expended $6,751.00 of which $3,600.00 was in direct support
of the University, including payment for University-provided services.
TEXAS STATE ALUMNI ASSOCIATION
The efforts and funds of the Texas State Alumni Association are dedicated to Texas State University-San Marcos for student
scholarships, campus support, and alumni outreach activities. During the fiscal year ended August 31, 2012 the Alumni
Association raised $363,034.00 in operating income and reported payments of $303,146.00. At August 31, 2012, Texas State
University-San Marcos holds $314,907.47 in deposits that are considered Held in Trust for Others - Agency Funds on behalf
of the Alumni Association. Agency funds are assets not owned by the university but held in custodianship, to be used or
withdrawn by the depositors at will. The Agency funds resources, including those of the Alumni Association, are reflected in
the university's financial records as cash and cash equivalents with a corresponding liability to the depositing organizations.
The Texas State University-San Marcos Development Foundation holds and manages endowments associated with the Alumni
Association in the amount of $871,002.00.
NOTE 20: Stewardship, Compliance and Accountability
Texas State's administration is not aware of any non-compliance items or material violations of finance related legal and
contract provisions. Per the laws of the State of Texas, Texas State cannot spend amounts in excess of appropriations granted
by the Texas Legislature and there are no deficits reported in net assets or retained earnings.
NOTE 21: N/A
Not Used.
NOTE 22: Donor Restricted Endowments
The restricted, expendable, net asset classification on the Statement of Net Assets related to endowments is as follows:
Amounts of Net Appreciation
Donor Restricted Endowment (In Thousands) Reported in Net Assets
True Endowment $10,023 Restricted for Expendable
Total $10,023
The amount reported as Net Appreciation represents net appreciation on investments of donor restricted endowments that are
available for authorization for expenditure. Pursuant to the Uniform Prudent Management of Institutional Funds Act (Property
Code Chapter 163.001), net appreciation, realized and unrealized, in the fair market value of the endowment assets in excess of
historical dollar value of the gifts may be distributed to the extent prudent.The fiscal year 2012 Texas State endowment annual distribution was calculated using a hybrid Yale model. The calculation
takes 70% of the prior year spend, increase by HEPI + 30% of the average 36 month fair market value multiplied times a 3%
percentage distribution. The individual endowments own units in a pool, and the distribution is allocated on a per unit basis.Annual Financial Report -for the fiscal year ended August 31, 2012
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Texas State University--San Marcos. Texas State University-San Marcos Annual Financial Report: 2012, report, Autumn 2012; San Marcos, Texas. (https://texashistory.unt.edu/ark:/67531/metapth578530/m1/36/?q=Lamar+University: accessed July 17, 2024), University of North Texas Libraries, The Portal to Texas History, https://texashistory.unt.edu; crediting UNT Libraries Government Documents Department.