University System of Alaska 2013 Annual Financial Report
To grasp the financial health of a great public university, look no further than the 2013 Annual Financial Report of the University System of Alaska. Due to good and smart fiscal management, the total operating expenses of the University increased marginally from the previous fiscal year despite rising fixed costs and an ambitious agenda. Further, the University’s annual debt service is modest at 2.9% of unrestricted revenues, and its net position grew by 16.6%. Finally, it had clean audits from its independent auditors and also the Office of Naval Research.
The 2013 Annual Financial Report was presented by Vice President for Finance & Administration/ CFO, Dr. Ashok K. Roy, to and was adopted by the Board of Regents on December 13, 2013.
The 2013 Annual Financial Report contains lots of useful information, pictures of students and campuses, some accomplishments, and the financial statements of the University, the UA Foundation, and the Education Trust of Alaska.
For those who wish to review the 2013 Annual Financial Report of the University System of Alaska, the link is: http://www.alaska.edu/financial-statements/ (Annual Financial Report - Fiscal Year 2013).
Posted: December 13, 2013