Pro Formas for Universities and Community Colleges*
The Office of the State Auditor prepares the University and Community College pro
forma financial statements and notes to the financial statements annually. These
pro formas are prepared in an effort to help you better meet the challenges presented
by the ever-expanding GAAP requirements that impact your financial reporting process
and to provide for some consistency in reporting among the individual colleges.
Please note that the pro formas are designed to be a starting point … a suggestion
for how disclosures can be prepared to meet GASB requirements. It is important to
note, however, that these pro formas may not be all inclusive. The disclosures included
are limited to only standard disclosures (what is normally encountered at a university / community college).
They do NOT provide pro forma text for all GASB requirements.
You will need to prepare the disclosures for any GASB requirements that apply to
your university / college that are not addressed here.
*To download a file, RIGHT-click on the link and select Save Target As....(Internet
Explorer) or Save Link As... (Firefox, Chrome).