Rubric: Core Requirement: 2.11.1: Financial Resources
     
    Question/Requirement
    3
    2
    1
    0
    How does the institution demonstrate financial stability? Target is met; question or requirement is clearly addressed with examples/samples that are easy to understand. Anyone reviewing this would gain knowledge of how the College meets/addresses this standard. No clarity is required. Full Compliance evident with Question/Requirement
     
    Target is met; question or requirement is addressed with examples/samples; however, may not be clear to an external reviewer. I, in reviewing this information, still have some minor questions and/or feel the evidence (examples/ samples) provided do not demonstrate with 100% certainty compliance with this question/requirement
     
    Target is addressed; however not clearly enough to demonstrate compliance. Partial Compliance may be evident, but this needs more explanation and/or documentation Target in NOT met – This really misses the mark; any reviewer would state “non-compliance” based on the information and/or its presentation in the report.
    How does the institution demonstrate a sound financial base? Target is met; question or requirement is clearly addressed with examples/samples that are easy to understand. Anyone reviewing this would gain knowledge of how the College meets/addresses this standard. No clarity is required. Full Compliance evident with Question/Requirement
     
    Target is met; question or requirement is addressed with examples/samples; however, may not be clear to an external reviewer. I, in reviewing this information, still have some minor questions and/or feel the evidence (examples/ samples) provided do not demonstrate with 100% certainty compliance with this question/requirement
     
    Target is addressed; however not clearly enough to demonstrate compliance. Partial Compliance may be evident, but this needs more explanation and/or documentation Target in NOT met – This really misses the mark; any reviewer would state “non-compliance” based on the information and/or its presentation in the report.

    What evidence shows that the institution is living within its financial means? Target is met; question or requirement is clearly addressed with examples/samples that are easy to understand. Anyone reviewing this would gain knowledge of how the College meets/addresses this standard. No clarity is required. Full Compliance evident with Question/Requirement
     
    Target is met; question or requirement is addressed with examples/samples; however, may not be clear to an external reviewer. I, in reviewing this information, still have some minor questions and/or feel the evidence (examples/ samples) provided do not demonstrate with 100% certainty compliance with this question/requirement
     
    Target is addressed; however not clearly enough to demonstrate compliance. Partial Compliance may be evident, but this needs more explanation and/or documentation Target in NOT met – This really misses the mark; any reviewer would state “non-compliance” based on the information and/or its presentation in the report.
    What evidence is there that financial behaviors are sustainable? Target is met; question or requirement is clearly addressed with examples/samples that are easy to understand. Anyone reviewing this would gain knowledge of how the College meets/addresses this standard. No clarity is required. Full Compliance evident with Question/Requirement
     
    Target is met; question or requirement is addressed with examples/samples; however, may not be clear to an external reviewer. I, in reviewing this information, still have some minor questions and/or feel the evidence (examples/ samples) provided do not demonstrate with 100% certainty compliance with this question/requirement
     
    Target is addressed; however not clearly enough to demonstrate compliance. Partial Compliance may be evident, but this needs more explanation and/or documentation Target in NOT met – This really misses the mark; any reviewer would state “non-compliance” based on the information and/or its presentation in the report.

    If financial behaviors have eroded the overall financial base or stability of the institution,
    what are they and why has this happened?
    Target is met; question or requirement is clearly addressed with examples/samples that are easy to understand. Anyone reviewing this would gain knowledge of how the College meets/addresses this standard. No clarity is required. Full Compliance evident with Question/Requirement
     
    Target is met; question or requirement is addressed with examples/samples; however, may not be clear to an external reviewer. I, in reviewing this information, still have some minor questions and/or feel the evidence (examples/ samples) provided do not demonstrate with 100% certainty compliance with this question/requirement
     
    Target is addressed; however not clearly enough to demonstrate compliance. Partial Compliance may be evident, but this needs more explanation and/or documentation Target in NOT met – This really misses the mark; any reviewer would state “non-compliance” based on the information and/or its presentation in the report.
    Is the institution borrowing to support day-to-day operations? Target is met; question or requirement is clearly addressed with examples/samples that are easy to understand. Anyone reviewing this would gain knowledge of how the College meets/addresses this standard. No clarity is required. Full Compliance evident with Question/Requirement
     
    Target is met; question or requirement is addressed with examples/samples; however, may not be clear to an external reviewer. I, in reviewing this information, still have some minor questions and/or feel the evidence (examples/ samples) provided do not demonstrate with 100% certainty compliance with this question/requirement
     
    Target is addressed; however not clearly enough to demonstrate compliance. Partial Compliance may be evident, but this needs more explanation and/or documentation Target in NOT met – This really misses the mark; any reviewer would state “non-compliance” based on the information and/or its presentation in the report.

    Are audited financial statements, or standard review reports, prepared in accordance with generally accepted accounting principles and all FASB or GASB standards? Target is met; question or requirement is clearly addressed with examples/samples that are easy to understand. Anyone reviewing this would gain knowledge of how the College meets/addresses this standard. No clarity is required. Full Compliance evident with Question/Requirement
     
    Target is met; question or requirement is addressed with examples/samples; however, may not be clear to an external reviewer. I, in reviewing this information, still have some minor questions and/or feel the evidence (examples/ samples) provided do not demonstrate with 100% certainty compliance with this question/requirement
     
    Target is addressed; however not clearly enough to demonstrate compliance. Partial Compliance may be evident, but this needs more explanation and/or documentation Target in NOT met – This really misses the mark; any reviewer would state “non-compliance” based on the information and/or its presentation in the report.
    How is the institution’s budget approved? Target is met; question or requirement is clearly addressed with examples/samples that are easy to understand. Anyone reviewing this would gain knowledge of how the College meets/addresses this standard. No clarity is required. Full Compliance evident with Question/Requirement
     
    Target is met; question or requirement is addressed with examples/samples; however, may not be clear to an external reviewer. I, in reviewing this information, still have some minor questions and/or feel the evidence (examples/ samples) provided do not demonstrate with 100% certainty compliance with this question/requirement
     
    Target is addressed; however not clearly enough to demonstrate compliance. Partial Compliance may be evident, but this needs more explanation and/or documentation Target in NOT met – This really misses the mark; any reviewer would state “non-compliance” based on the information and/or its presentation in the report.

    What is the balance of UNAEP? How has it changed over time? If it is falling, why? Target is met; question or requirement is clearly addressed with examples/samples that are easy to understand. Anyone reviewing this would gain knowledge of how the College meets/addresses this standard. No clarity is required. Full Compliance evident with Question/Requirement
     
    Target is met; question or requirement is addressed with examples/samples; however, may not be clear to an external reviewer. I, in reviewing this information, still have some minor questions and/or feel the evidence (examples/ samples) provided do not demonstrate with 100% certainty compliance with this question/requirement
     
    Target is addressed; however not clearly enough to demonstrate compliance. Partial Compliance may be evident, but this needs more explanation and/or documentation Target in NOT met – This really misses the mark; any reviewer would state “non-compliance” based on the information and/or its presentation in the report.
    If there is a deficit, what has created the deficit? An overinvestment in plant? Operational
    deficits? Purchases of property and equipment?
    Target is met; question or requirement is clearly addressed with examples/samples that are easy to understand. Anyone reviewing this would gain knowledge of how the College meets/addresses this standard. No clarity is required. Full Compliance evident with Question/Requirement
     
    Target is met; question or requirement is addressed with examples/samples; however, may not be clear to an external reviewer. I, in reviewing this information, still have some minor questions and/or feel the evidence (examples/ samples) provided do not demonstrate with 100% certainty compliance with this question/requirement
     
    Target is addressed; however not clearly enough to demonstrate compliance. Partial Compliance may be evident, but this needs more explanation and/or documentation Target in NOT met – This really misses the mark; any reviewer would state “non-compliance” based on the information and/or its presentation in the report.


     
    Required Documentation:
     
     
    Included
    Not Included
    Audited financial statements, including footnotes, for the most recently ended fiscal year
    prior to the due date of an institution’s compliance certification, or, a Standard Review
    Report, with individual institutional financial information, for the most recently ended
    fiscal year end prior to the due date of an institution’s compliance certification
       
    A written management letter specific to the institution for the most recently ended fiscal
    year prior to the due date of an institution’s compliance
       
    Statement of Unrestricted Net Assets exclusive of plant and plant-related debt, which represents
    the change in unrestricted net assets attributable to operations for the most recent year
       
    The current annual budget (summary) and evidence of sound budget planning    
    Documentation of board approval of the budget    
    A multi-year statement of unrestricted net assets that matches audited financial statements
    showing the exclusion of plant assets, net of depreciation and plant-related debt,
    resulting in UNAEP; the change in UNAEP over at least a two-year period
       

     
    Comments:
     
     
     
     
     
     
     
     

     

    Back to top