• Liens or encumbrances on assets or revenues or any assets or revenues which were pledged as collateral for any liability or which were subordinated in any way.
  • Contractual obligations for construction and purchase of real property or equipment not included in the liabilities or encumbrances recorded on the books.
  • Liabilities which are subordinated in any way to any other actual or possible liabilities.
  • Debt issue repurchase options or agreements, or sinking fund debt repurchase ordinance requirements.
  • Debt issue provisions.
  • Authorized but unissued bonds and/or notes.
  • Risk financing activities.
  • Derivative financial instruments.
  • Special and extraordinary items.
  • Deposits and investment securities categories of risk.
  • Arbitrage rebate liabilities.
  • Impairment of capital assets.
  • Assets that have permanently declined in value.
  • Long-lived assets and certain identifiable intangibles to be held and used for impairment whenever events or changes in circumstances have indicated that the carrying amount of the assets might not be recoverable.
  • Investments, intangibles, and other assets which have permanently declined in value.
  • Risk retention, including uninsured losses or loss retentions (deductibles) attributable to events occurring through June 30, 2013 and/or for expected retroactive insurance premium adjustments applicable to periods through June 30, 2013.
  • Material losses to be sustained in the fulfillment of, or from the inability to fulfill, any service commitments.
  • Material losses to be sustained as a result of purchase commitments.
  • Environmental clean-up obligations.
  • There are no unasserted claims or assessments that our lawyer has advised us are probable of assertion and must be disclosed in accordance with Statement of Financial Accounting Standards No.5 and/or GASB Statement No.10.
  • We have no direct or indirect, legal or moral obligation for any debt of any organization, public or private, or to special assessment bond holders that is not disclosed in the financial statement.
  • The University has satisfactory title to all owned assets.
  • We have complied with all aspects of contractual agreements that would have a material effect on the financial statements in the event of noncompliance.
  • Net positions (invested in capital assets, net of related debt; restricted; and unrestricted) and fund balances are properly classified and, when applicable, approved.