Performance Details

University of Alaska - Statewide Services

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Mission

The University of Alaska (UA) inspires learning, and advances and disseminates knowledge through teaching, research, and public service, emphasizing the North and its diverse peoples.

University Structure

The University of Alaska is composed of four major units: the system office and three separately accredited institutions, University of Alaska Anchorage (UAA), University of Alaska Fairbanks (UAF), and University of Alaska Southeast (UAS).

The chancellor of each institution reports to the president of the university system, who in turn reports to the Board of Regents. The Board has ten members with eight-year appointments and a student regent with a two-year appointment; all members are appointed by the governor and confirmed by the legislature.

System administrators reporting to the president include the university's executives in the areas of finance and administration, university relations, academic affairs and research, information technology, human relations and legal counsel.

Core Services

• Achieve clean financial statement audit opinions in FY19 and FY20
• Achieve clean audit reports over federal financial assistance compliance and related internal controls in FY19 and FY20

Mission Results	Core Services
A: Receive unmodified financial statement audit opinion on University of Alaska financial statements.  Details >	A1: Achieve clean financial statement audit opinions in FY19 and FY20  Details > TARGET #1: Unmodified Audit Opinion Received
Mission Results	Core Services
B: Receive unmodified Single Audit (2 CFR 220) reports on compliance for major federal programs, unmodified opinion on schedule of expenditures of federal awards and no findings related to internal controls over financial reporting and major federal programs  Details >	B1: Achieve clean audit reports over federal financial assistance compliance and related internal controls in FY19 and FY20  Details > TARGET #1: Unmodified Single Audit (2 CFR 220) Report on Major Federal Programs

Performance Detail

Target #1: Unmodified Audit Opinion Received Methodology: https://alaska.datacookbook.com/institution/terms/131163 Unmodified Audit Opinion Received Fiscal Year YTD Total Target FY 2020 0 100 FY 2019 0 100 FY 2018 100 0 FY 2017 100 0 FY 2016 100 0 FY 2015 100 0 FY 2014 100 0 FY 2013 100 0 FY 2012 100 0 FY 2011 100 0 Analysis of results and challenges: An unmodified audit opinion is an opinion from independent auditors that the financial statements of an entity are presented fairly, in all materials respects, in accordance with Generally Accepted Accounting Principles (GAAP). Moreover, an unmodified audit opinion has no remarks that indicate any exceptions or qualifications of the auditor's opinion. By contrast, a modified audit opinion has remarks that indicate exceptions or qualifications of the auditor's opinion. The annual independent audit comprises of a comprehensive, systemic review of the University of Alaska's financial management processes and checks and balances and is representative of a broad range of administrative and financial competencies. For 2011 through 2018, there were no modifications to the auditor's opinions. The audit report is available in November following the close of the University's fiscal year.

Target #1: Unmodified Single Audit (2 CFR 220) Report on Major Federal Programs Methodology: https://alaska.datacookbook.com/institution/terms/131164 Unmodified Single Audit (2 CFR 220) Report on Major Federal Programs Fiscal Year YTD Total Target FY 2020 0 100 FY 2019 0 100 FY 2018 100 0 FY 2017 100 0 FY 2016 100 0 FY 2015 100 0 FY 2014 100 0 FY 2013 100 0 FY 2012 100 0 FY 2011 100 0 Analysis of results and challenges: The Single Audit (2 CFR 220) focuses on stewardship of federal funds administered by the University. An unmodified opinion on major federal programs is an opinion expressed by independent auditors that states that an entity complied, in all material respects, with federal compliance requirements that could have a direct and material effect on its major federal programs and is performed by independent auditors. This audit is required for continued participation in various major federal programs including Federal Student Aid and many research programs funded by agencies such as the National Science Foundation (NSF), the National Air and Space Administration (NASA) and the National Institutes of Health (NIH). Like the annual independent audit of UA, the results demonstrate compliance with federal rules and regulations and existence of and implementation of a reliable internal control system. This review also reflects performance on a comprehensive compendium of key and complex organizational tasks across the UA system including internal audit, daily checks and balances, supervisory practices, external relationships with federal authorities and accounting, budgeting and cash management. For 2011 to 2018, the University received unmodified single audit reports on major federal programs. The audit reports are available in November following the close of the University's fiscal year.

Current as of November 16, 2018