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… costs between the participants and the State. These allocations are subject
to change each contract year. The University funds the benefits on a pay-as-you-go basis.
NOTE 11 – COMMITMENTS AND CONTINGENCIES
The University is a defendant in three lawsuits. However, University officials are of the opinion, based on the advice of in-house legal counsel, that…
https://www.wichita.edu/_archive/services/controller/Accounting/_documents/afr_06.pdf