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…‐ for State and Local Governments, Statement No. 35,
Basic Financial Statements ‐ and Management's Discussion and Analysis for Public Colleges and Universities and
GASB Statement No. 39, Determining Whether Certain Organizations Are Component Units during fiscal year
2004. These new standards changed the focus of our financial statements to a comprehensive…
https://www.wichita.edu/_archive/services/controller/Accounting/_documents/afr_08.pdf