• Guarantees, whether written or oral, under which the Government is contingently liable.
  • Arrangements with financial institutions involving compensating balances or other arrangements involving restrictions on cash balances.
  • The fair value of investments.
  • All leases and material amounts of rental obligations under long-term leases.
  • All significant estimates and material concentrations known to management which are required to be disclosed.
  • The effect on the financial statements of new accounting pronouncements included in footnote one of the financial statements which have been issued, but which we have not yet adopted.
  • We have no plans or intentions that may materially affect the carrying value or classification of assets. In that regard:
  • The University has no significant amounts of idle property and equipment or property or equipment.
  • The University has no plans or intentions to discontinue the operations of any activities or programs or to discontinue any significant operations.
  • We are responsible for making the accounting estimates included in the financial statements. Those estimates reflect our judgment based on our knowledge and experience about past and current events and our assumptions about conditions we expect to exist and courses of action we expect to take. In that regard, adequate provisions have been made:
  • To reduce receivables to their estimated net collectable amounts.
  • To reduce obsolete, damaged, or excess inventories to their estimated net realizable values.
  • For pension obligations, post-retirement benefits other than pensions, and deferred compensation agreements attributable to employee services rendered through June 30, 2013.
  • There are no:
  • Material transactions that have not been properly recorded in the accounting records underlying the financial statements.
  • Violations or possible violations of laws or regulations whose effects should be considered for disclosure in the financial statements or as a basis for recording a loss contingency. In that regard, we specifically represent that we have not been designated as, or alleged to be, a "potentially responsible party" by the Environmental Protection Agency in connection with any environmental contamination.
  • Other material liabilities or gain or loss contingencies that are required to be accrued or disclosed by the Contingencies Topic of the FASB Accounting Standards Codification.
  • Line of credit or similar arrangements.
  • Agreements to repurchase assets previously sold.
  • Security agreements in effect under the Uniform Commercial Code.