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… elected to exclude a major component unit, Wichita
State University Foundation, from these financial statements, and footnotes. GASB Statement No. 39, Determining
Whether Certain Organizations are Component Units, requires the inclusion of this entity.
This MD&A discussion should be read in conjunction with the University's financial statements and…
https://www.wichita.edu/_archive/services/controller/Accounting/_documents/afr_06.pdf