Financial Statements

The Annual Financial Report provides an overview of the financial position of the university as of the fiscal year end. It is comprised of three primary financial statements: the Statement of Net Position; the Statement of Revenues, Expenses, and Changes in Net Position; and the Statement of Cash Flows. The report also contains accompanying notes, which are an integral part of the financial statements and Management’s Discussion and Analysis.

For financial reporting purposes, the university is considered a special-purpose government engaged in business-type activities. Accordingly, the financial statements are presented using the economic resources measurement focus and the accrual basis of accounting. Revenues are recognized in the accounting period in which they are earned and become measurable. Expenses are recognized in the period in which they are incurred, if measurable, including depreciation.

The financial statements are prepared in accordance with generally accepted accounting principles as prescribed by the Governmental Accounting Standards Board (GASB). They are audited by the Arkansas Legislative Audit.

View financial statements per fiscal year by selecting from the archive below.


2022, 2021, 2020, 2019, 2018, 2017, 2016, 2015, 2014, 2013, 2012, 2011, 2010, 2009, 2008, 2007, 2006, 2005, 2004, 2003, 2002, 2001, 2000, 1999