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Financial Resources


The institution has a sound financial base and demonstrated financial stability to support the mission of the institution and the scope of its programs and services. 


The member institution provides the following financial statements: (1) an institutional audit (or Standard Review Report issued in accordance with Statements on Standards for Accounting and Review Services issued by the AICPA for those institutions audited as part of a systemwide or statewide audit) and written institutional management letter for the most recent fiscal year prepared by an independent certified public accountant and/or an appropriate governmental auditing agency employing the appropriate audit (or Standard Review Report) guide; (2) a statement of financial position of unrestricted net assets, exclusive of plant assets and plant-related debt, which represents the change in unrestricted net assets attributable to operations for the most recent year; and (3) an annual budget that is preceded by sound planning, is subject to sound fiscal procedures, and is approved by the governing board.


Audit requirements for applicant institutions may be found in the Commission policy entitled “Accreditation Procedures for Applicant Institutions.

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Off-site Committee Comments

FY2010 – FY2013 audited financial statements and debt ratios provided indicate that the University of Alabama Birmingham does have a sound financial base and financial stability. Net position has increased the last several years. Even though state appropriations are decreasing, revenue gains in tuition and fees and other operating revenue has increased as well to compensate.

The September 30, 2013, audit report and management letter was provided; however, a statement of change in financial position of unrestricted net assets, exclusive of plant assets and plant-related debt was not provided.

The University of Alabama Birmingham provided evidence of a sound budget planning process; however, no evidence of governing board approval for the 2014 budget was provided.

Institutional Response


Statements of changes in unrestricted net assets, exclusive of plant assets and plant-related debt, for fiscal years 2011, 2012, and 2013 are attached.  


The Board of Trustees of the University of Alabama approved the UAB Operating Budget for FY 2014-2015 at their 19-Sep-2014 meeting, as shown in the list of approved UAB-related resolutions. The complete resolution, which demonstrates Finance Committee involvement, is also included. 


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