Table of Contents Introductory Section
4
Message from President Michael Crow
6
Letter of Transmittal
7
Certificate of Achievement for Excellence in Financial Reporting
11
ASU Organizational Chart
12
Arizona Board of Regents
13
Financial Section
14
Independent Auditors’ Report
16
Management’s Discussion and Analysis
20
Basic Financial Statements Statement of Net Position
28
Statement of Financial Position - Component Units
29
Statement of Revenues, Expenses, and Changes in Net Position
30
Statement of Activities - Component Units
31
Statement of Cash Flows
32
Notes to Financial Statements
33
Required Supplementary Information
62
Schedule of the University’s Proportionate Share of the ASRS Net Pension Liability and ADOA Total OPEB Liability
64
Schedule of University Pension Contributions
65
Supplementary Information
66
Combining Statement of Financial Position - Nonmajor Discretely Presented Component Units
68
Combining Statement of Activities - Nonmajor Discretely Presented Component Units
69
Statistical Section
70
Narrative to the Statistical Section
72
Financial Trends Net Position by Component
73
Statement of Net Position
74
Statement of Net Position – Adjusted for Pensions and Other Postemployment Benefits
75
Changes in Net Position
76
Operating Expenses by Natural Classification
79
Combined Sources and Uses
80
Revenue Capacity Principal Revenue Sources
81
Academic Year Tuition and Required Fees
82
Composite Financial Index
83
Debt Capacity Summary of Ratios
86
Debt Coverage for Senior and Subordinate Lien Bonds
88
Long-term Debt
89
Demographic and Economic Information Admissions, Enrollment, and Degrees Earned
90
Demographic Data
92
Principal Employers
93
Operating Information Faculty and Staff
94
Capital Assets
95
