Statements and Reports

Financial Statements

The Annual Financial Report provides an overview of the financial position of the university as of the fiscal year end. It is comprised of three primary financial statements: the Statement of Net Position; the Statement of Revenues, Expenses, and Changes in Net Position; and the Statement of Cash Flows. The report also contains accompanying notes, which are an integral part of the financial statements and Management’s Discussion and Analysis. 

For financial reporting purposes, the university is considered a special-purpose government engaged in business-type activities. Accordingly, the financial statements are presented using the economic resources measurement focus and the accrual basis of accounting. Revenues are recognized in the accounting period in which they are earned and become measurable. Expenses are recognized in the period in which they are incurred, if measurable, including depreciation.

The financial statements are prepared in accordance with generally accepted accounting principles as prescribed by the Governmental Accounting Standards Board (GASB). They are audited by the Division of Legislative Audit.

The financial statements can be viewed electronically per fiscal year.

Supporting Schedules

The Financial Report Supporting Schedules supplement the University of Arkansas Annual Financial Report. They provide detail and clarification for amounts reported. The schedules are unaudited and are not intended to be used as stand-alone reports.

The supporting schedules can be viewed electronically per fiscal year.


As a public university, the University of Arkansas is required by the Internal Revenue Service (IRS) to annually submit the Exempt Organization Business Income Tax Return form 990-T.  The primary purpose of the 990-T is to report income from tax exempt organizations that is not related to the tax exempt purposes of the organization and any tax liability for the unrelated income.

The tax returns can be viewed electronically per fiscal year.