Compliance Certification Report

 

 
3.10.2 The institution provides financial statements and related documents, including multiple measures for determining financial health as requested by the Commission, which accurately and appropriately represent the total operation of the institution.

[Compliance]

Narrative:
The University of Alabama in Huntsville (UAH) is in compliance with Principle 3.10.2 because the University provides financial statements and related documents, including multiple measures for determining financial health as requested by the Commission, which accurately and appropriately represent the total operation of the institution.

UAH is part of The University of Alabama (UA) System, which also includes the University of Alabama (UA) and the University of Alabama at Birmingham (UAB). All three campuses follow common reporting and budget guidelines established by the Board of Trustees of The UA System, and are subject to the same audit standards. Both UA and UAH also have the same SCT Plus Financial Records System.

The University compiles, publishes, and distributes annual reports that represent total, consolidated results of the financial operations of the institution. Accuracy of the reported information is verified through an external audit, and the resultant Independent Auditors' Report is included in the annual report. The University also ensures accuracy and integrity of its financial data by following generally-accepted accounting principles, standards of the American Institute of Certified Public Accountants (AICPA), standards promulgated by the Government Accounting Standards Board (GASB), and recommendations of the National Association of College and University Business Officers (NACUBO).

Each budgetary unit within the University has real-time access to its budgetary status as presented on the SCT Plus Financial Records System summary screen 019 and transaction detail screen 023. In addition, each budgetary unit is provided with monthly financial reports consisting of two parts. One is a detailed, monthly activity report listing initial budget allocations per category, budget revisions, expenditures, encumbrances, and balances. The second provides both a monthly and year-to-date summary. Monthly and year-to-date statements can be printed electronically through the SCT Plus University's Financial Records System (FRS) menu. The University will convert to the SCT Banner Financial Records System as of October 1, 2005.

Centrally, personnel within both Accounting and Finance, and Budgets and Financial Planning provide significant information to upper management and budgetary units on a routine basis and as requested.

The University submits annual Institutional Profiles for Financial Information as required by the Commission on Colleges. The most recent profile is included.

#    Source    Location
1    2000 Financial Report   goto:http://sacs.uah.edu/documents/financial/financial_report00.pdf
2    2001 Financial Report   goto:http://sacs.uah.edu/documents/financial/financial_report01.pdf
3    2002 Financial Report   goto:http://sacs.uah.edu/documents/financial/financial_report02.pdf
4    2003 Financial Report   goto:http://sacs.uah.edu/documents/financial/financial_report03.pdf
5    2004 Financial Report   goto:http://sacs.uah.edu/documents/financial/financial_report04.pdf
6    Board Resolution for Tuition and Fees for June 2004 Meeting   goto:http://sacs.uah.edu/documents/financial/board_resolution4tuition&fees04.pdf
7    Financial Records System Monthly Account Statement   goto:http://sacs.uah.edu/documents/financial/fin_records_monthly_account_statement.pdf
8    Financial Records System screen 019   goto:http://sacs.uah.edu/documents/financial/fin_records_systems_screen019.pdf
9    Financial Records System screen 023   goto:http://sacs.uah.edu/documents/financial/fin_records_systems_screen023.pdf
10    Full-Time Equivalent Student Enrollment   goto:http://sacs.uah.edu/documents/factsandfigures/full_time_equivalent_enrollment.pdf
11    Institutional Profiles for Financial Information   goto:http://sacs.uah.edu/documents/financial/institutional_profile_financial_information.pdf
12    Moody's Rating Letter, September 13, 2004   goto:http://sacs.uah.edu/documents/financial/moodys_rating_letter091304.pdf
13    Standard & Poor's Rating Letter, September 13, 2004   goto:http://sacs.uah.edu/documents/financial/s&p_rating_letter091304.pdf
14    Summary of Statements of Net Assets   goto:http://sacs.uah.edu/documents/financial/summary_net_assets.pdf
15    Summary of Statements of Revenues, Expenditures and Changes in Net Assets   goto:http://sacs.uah.edu/documents/financial/summary_revenues.pdf
16    Ten Year Comparison of Key Financial Figures   goto:http://sacs.uah.edu/documents/factsandfigures/10_year_key_financial_figures.pdf
17    Tuition and Fees 2004-2005   goto:http://sacs.uah.edu/documents/factsandfigures/tuition&fees04-05.pdf
18    Tuition and Fees 2005-2006   goto:http://sacs.uah.edu/documents/factsandfigures/tuition&fees05-06.pdf
19    UAH Educational and General Budget   goto:http://sacs.uah.edu/documents/financial/educational&general_budget.pdf
20    UAH Endowment Funds   goto:http://sacs.uah.edu/documents/financial/endowment_fund.pdf
21    UAH Foundation Endowment Funds   goto:http://sacs.uah.edu/documents/financial/foundation_endowment_fund.pdf
  SACS - Compliance Certification

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