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…statements are prepared
in accordance with Government Accounting Standards Board (GASB) principles.
FINANCIAL HIGHLIGHTS
Beginning Net Position was restated and lowered $32,134,320 as a result of implementing GASB
68, Accounting and Financial Reporting for Pensions.
Fiscal Year 2015 operations resulted in a decrease in Net Position of $14,747,131…
https://www.wichita.edu/_archive/services/controller/Accounting/_documents/afr_15.pdf