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Annual Financial Report

Object Type: Folder
In Folder: Financial Reports

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Annual Financial Report

description: Each annual financial report is made up of five different parts. Management’s Discussion and Analysis summarizes results for the fiscal year at a very high level and also compares those results to the previous fiscal year. The Statement of Net Position is the equivalent of a balance sheet, showing the assets and liabilities of the University as of June 30th of the fiscal year. The Statement of Revenues, Expenses, and Changes in Net Position is an income statement. It shows operating and non-operating revenue and expenses for the year. Each report contains a Statement of Cash Flows. The final part of the report is Footnotes, which discloses additional information and more detail supporting the information on the statements. UMW’s financials are audited each year by Virginia’s Auditor of Public Accounts.

relation: General Schedule No. GS-102, Series 007026

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