| Question/Requirement | 3
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2
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1
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0
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| 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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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. |
Included
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Not Included
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| 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 |
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| 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 |
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| 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 |
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| 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:
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