To increase the transparency of university funds, the Office of the President should make available annually financial information regarding its funds, including beginning and ending balances; revenues, expenses, and transfers; and the impact of these transactions on the balances from year to year.
Below is a link to the 2012-13 campus financial schedules. The last page of the consolidated schedules is a new report that was added this year to respond to the State Auditor's recommendation that reserve balances should be disclosed.
The financial data shown on the last page of the report at the link the university mentions in its response includes beginning and ending fund balances, revenues, expenditures, and net transfers for fiscal year 2012-13. Because FY 2012-13 is the first year for which the university presents this information, the impact of transactions on the balances from year to year can be determined when the university makes similar financial information available for future years.
The status of implementation of this recommendation is "pending." The campus financial schedules for the year ending June 30, 2013 will contain this data. The June 30, 2013 reports will be published by January 2014.
The campus financial schedules for the year ending June 30, 2013 will contain this data. The June 30, 2013 reports will be published November 2013.
Agency responses received after June 2013 are posted verbatim.