Funds Received and Disbursed
Up to UHD State Required Reports

The Governing Board and employees of the institution shall keep true and full accounts of all funds collected from all sources and all sums paid out and persons to whomm and purposes for which the sums are paid. The Governing Board shall annually print a complete report of all sums collected, all expenditures, and all sums remaining on hand. The report shall show true condition of all funds as of August 31 preceding as well as collections and expenditures for the preceding year. Reports must be in a form approved jointly by the coordinating board and comptroller. Accounting and classification procedures of each institution must be consistent with uniform procedures prescribed for that purpose by the coordinating board and comptroller. The requirements imposed by the Coordinating Board and Comptroller must be designed to reduce paperwork and duplicative reports. The Governing Board shall furnish one copy of the report to the Governor, Comptroller, State Auditor, Higher Education Coordinating Board, Legislative Budget Board, House Appropriations, Senate Finance and Legislative Reference Library. A copy of the report shall be submitted to the Comptroller by the deadline established by the Comptroller or the General Appropriations Act as necessary to prepare an audited comprehensive financial report. Governing Board shall retain 5 copies for distribution to legislators or other state official on request.