• Frequency of distribution;
  • Usage of variances, footnotes, and graphics; and
  • Status of grants, projects, or contracts

PROCESS:

KSU prepares accurate monthly financial reports in accordance with GAAP and distributes them promptly to management. These statements will summarize all expenditures and receipts for the period covered and compare them to the approved budget.

The Finance and Audit Committee of the Board of Regents meets quarterly to review financial reports and monitor the fiscal operations of KSU. The Finance and Audit Committee includes the most current financial reports in its report during, or prior to, each Board Meeting.

RELATED POLICIES:

The Gold Book