Consolidated Financial Statements
An independent audit is conducted annually for the entire University system. The independent audits include a combined balance sheet and income statement of the community college system as supplemental information to the University's consolidated financial statements.
The audits are prepared in accordance with Governmental Accounting Standards Board (GASB) principles, which establish the standards for external financial reporting for public colleges and universities. The audits provide external, independent reviews of the University's financial information and are key indicators of fiscal health and sound financial management.
