PDF
…of the Wichita State University Foundation, a component unit of the University, as a part
of its financial statements. Buildings and improvements, constructed, or purchased by the WSU Foundation or
component units, become the property of the State of Kansas and Wichita State University. Generally, revenue
bonded debt remains the liability of the component…
https://www.wichita.edu/_archive/services/controller/Accounting/_documents/afr_12.pdf