One of the many benefits NACUBO offers to its members is a repository of audited financial statements. Over 50 institutions, both public and private, have provided PDFs or links to their FY21 financial statements so far.
These financial statements include examples of fiduciary funds statements (public institutions) and clearly organized disclosures for the new lease standard (private institutions). They also provide examples that may help public institutions make their management discussion and analysis (MD&A) more informative and less “boilerplate.”
Over the past year, virtually all institutions have received funds from the Higher Education Emergency Relief Fund (HEERF). Because of all the conditions attached to HEERF money, there has been confusion about how to account for both the student and institutional grants. The financial statements that have already been submitted provide examples of recognition and reporting for HEERF funds. (Additional information can be found in NACUBO’s HEERF Resource Center.)
Whether you’ve provided statements in the past or are a new contributor, this is a great opportunity to share your institution’s work and find examples from other colleges and universities. Please send a PDF file, or a link to the statements on your institution’s website, to email@example.com.