{"id":399,"date":"2026-10-29T08:42:33","date_gmt":"2026-10-29T12:42:33","guid":{"rendered":"https:\/\/www.ramapo.edu\/controller\/?page_id=399"},"modified":"2026-10-29T14:47:51","modified_gmt":"2026-10-29T18:47:51","slug":"financial-assessment-and-risk-monitoring-survey","status":"publish","type":"page","link":"https:\/\/www.ramapo.edu\/controller\/financial-assessment-and-risk-monitoring-survey\/","title":{"rendered":"Financial Assessment and Risk Monitoring (FARM) Survey"},"content":{"rendered":"<h2>Institution Info<\/h2>\n<ul>\n<li><strong>Institution Name:<\/strong> Ramapo College of New Jersey<\/li>\n<li><strong>Institution Sector:<\/strong> State Colleges &amp; Universities<\/li>\n<li><strong>Fiscal Year End:<\/strong> 06\/30\/2025<\/li>\n<li><strong>Date external audit completed:<\/strong> 2025-12-19<\/li>\n<li><strong>Accounting reporting standard:<\/strong> Public Institutions, GASB (Governmental Accounting Standards Board)<\/li>\n<\/ul>\n<h2>Part A: Financial Performance<\/h2>\n<ul>\n<li><strong>Unrestricted Net Assets:<\/strong> 36711<\/li>\n<li><strong>Expendable Restricted Net Assets:<\/strong> 2516<\/li>\n<li><strong>Nonoperating Expense:<\/strong> 9132<\/li>\n<li><strong>Operating Revenue:<\/strong> 121520<\/li>\n<li><strong>Operating Expense:<\/strong> 179452<\/li>\n<li><strong>Nonoperating Revenue:<\/strong> 82065<\/li>\n<li><strong>Net Nonoperating Revenue (Expense):<\/strong> 72933<\/li>\n<li><strong>Change in Net Position:<\/strong> 15001<\/li>\n<li><strong>Net Position (Beginning of year):<\/strong> 118110<\/li>\n<li><strong>Long Term Debt:<\/strong> 219942<\/li>\n<li><strong>Pension Expense:<\/strong> -4575<\/li>\n<li><strong>Net Pension Liability:<\/strong> 84585<\/li>\n<li><strong>Deferred Inflows Related to Pension:<\/strong> 1912<\/li>\n<li><strong>Deferred Outflows Related to Pension:<\/strong> 8271<\/li>\n<\/ul>\n<h2>Part B: Internal, External and Compliance Risk<\/h2>\n<ul>\n<li><strong>Operating Expense:<\/strong> 179452<\/li>\n<li><strong>Cash and Cash Equivalent:<\/strong> 126682<\/li>\n<li><strong>Unrestricted Cash and Cash Equivalent:<\/strong> 85396<\/li>\n<li><strong>Unrestricted Investment:<\/strong> 97750<\/li>\n<li><strong>Total Investment:<\/strong> 97750<\/li>\n<li><strong>Tuition and Fees (net of financial aid):<\/strong> 61399<\/li>\n<li><strong>Operating Revenue:<\/strong> 121520<\/li>\n<li><strong>Principal Payment (Debt):<\/strong> 3174<\/li>\n<li><strong>Interest Payment (Debt):<\/strong> 9132<\/li>\n<li><strong>Total Enrollment (12-month unduplicated and Dual Enrollment):<\/strong> 6731<\/li>\n<\/ul>\n<h2>Debt &amp; Debt Covenant<\/h2>\n<ul>\n<li><strong>Institution carries debt:<\/strong> Yes<\/li>\n<li><strong>Institution credit rating agency:<\/strong> S&amp;P Global<\/li>\n<li><strong>Institution&#8217;s current credit rating (FY 2025):<\/strong> A<\/li>\n<li><strong>Debt covenant on loan agreements:<\/strong> No<\/li>\n<\/ul>\n<h2>Audit Findings<\/h2>\n<ul>\n<li><strong>Audit report findings or questioned costs in FY2025 audited financial statements:<\/strong> No<\/li>\n<\/ul>\n<h2>Component Unit<\/h2>\n<ul>\n<li><strong>Component unit accountable for and not reflected in financial statements:<\/strong> Yes<\/li>\n<li><strong>CU Unrestricted Net Assets:<\/strong> 2601<\/li>\n<li><strong>CU Temporarily Restricted Net Assets:<\/strong> 34550<\/li>\n<li><strong>CU Change in Unrestricted Net Assets:<\/strong> 412<\/li>\n<li><strong>CU Change in Net Assets:<\/strong> 412<\/li>\n<li><strong>CU Property, Plant &amp; Equipment (net of depreciation):<\/strong> 0<\/li>\n<li><strong>CU Total Unrestricted Revenue:<\/strong> 0<\/li>\n<li><strong>CU Total Net Assets (Beginning of Year):<\/strong> 29940<\/li>\n<li><strong>CU Total Expenses:<\/strong> 1991<\/li>\n<li><strong>CU Plant Related Debt:<\/strong> 0<\/li>\n<\/ul>\n<h2>Certification<\/h2>\n<p><strong>Individual completing \/ certifying accuracy:<\/strong> Frank Di Pentima<\/p>\n<hr \/>\n<p>PRIVILEGED &amp; CONFIDENTIAL \u2022 FY25 Financial Assessment and Risk Monitoring (FARM) \u2022 Generated May 4, 2026<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Institution Info Institution Name: Ramapo College of New Jersey Institution Sector: State Colleges &amp; Universities Fiscal Year End: 06\/30\/2025 Date external audit completed: 2025-12-19 Accounting reporting standard: Public Institutions, GASB (Governmental Accounting Standards Board) Part A: Financial Performance Unrestricted Net Assets: 36711 Expendable Restricted Net Assets: 2516 Nonoperating Expense: 9132 Operating Revenue: 121520 Operating Expense: [&hellip;]<\/p>\n","protected":false},"author":457,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"footnotes":""},"class_list":["post-399","page","type-page","status-publish","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v21.5 (Yoast SEO v28.7) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Financial Assessment and Risk Monitoring (FARM) Survey - Controller || Ramapo College of New Jersey<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.ramapo.edu\/controller\/financial-assessment-and-risk-monitoring-survey\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Financial Assessment and Risk Monitoring (FARM) Survey\" \/>\n<meta property=\"og:description\" content=\"Institution Info Institution Name: Ramapo College of New Jersey Institution Sector: State Colleges &amp; 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