Office of Chief Financial Officer

As a One University office, the CFO’s office is dedicated to supporting the teaching and research missions of the University of Kansas by providing outstanding financial services to all KU campuses including Lawrence, KU Medical Center, Edwards, Wichita, and Salina.

Finance units at the University of Kansas are deeply committed to fiscal integrity and advancing the institution’s priorities of student success, faculty and staff engagement, community engagement, and diversity, equity, and inclusion.

They embody this by supporting all units by developing more efficient business operations, engaging the Finance workforce with learning opportunities that improve customer service and build expertise, actively engaging with the campus and Lawrence communities, and growing KU’s Finance workforce to be more representative of the world. Finance strives to serve our community with excellence and respect.

Annual Financial Report

KU’s annual financial report includes three financial statements: The Statement of Net Positions; the Statement of Revenues, Expenses, and Changes in Net Position; and the Statement of Cash Flows. KU’s financial statements, related footnote disclosures, and discussion and analysis have been prepared by KU’s management in accordance with Government Accounting Standards Board (GASB) principles.

Annual Financial Report - Key Points

The Annual Financial Report (AFR) contains the University’s financial statements and notes prepared in accordance with Governmental Accounting Standards Board (GASB) standards
The University's fiscal year (FY) runs begins on July 1 and ends on June 30
The Comprehensive Annual Financial Report (CAFR) of the State of Kansas can be found at the Kansas Department of Administration, Office of the Chief Financial Officer website

Office of Chief Financial Officer Annual Calendar

Office of Chief Financial Officer Annual Calendar
Month	Action
January	Governor’s budget recommendation announced Foreign entity contract report due Tuition proposal prep begins Instructions available for phase 1 of unit budget preparation Tax forms (1098-T) sent to students
February	Report to KBOR FAA committee on university financial statements due House and Senate budget hearings Review funding for KU Scholars Doctoral Fellowship Program Tuition proposal prep Phase 1 of unit budget preparation ends at close of month GU Report due
March	Capital Improvement Request/5 year plan due to KBOR Tuition proposal prep
April	Instructions available to begin phase 2 of unit budget preparation
May	Tuition proposal due to KBOR Unit budgets due in the middle of the month
June	Fiscal Year End Tuition proposal – KBOR second read & approval University budget file submitted to HR & OAC to establish salary rates, funding, and reporting
July	Engineering Scorecard Narrative due to Dept. of Commerce Consolidated Revenue Report due to KBOR Course Fee Report due NACUBO Annual Meeting
August	KBOR Budget workshop & board retreat Unit budget preparation file available to update
September	Faculty of Distinction report due to KBOR NACUBO Fall Council Component unit final audited financial statements due KU CAFR due to state Annual budget request due to state Budget Division
October	Approve rents for Miller and Watkins Halls CACUBO Annual Meeting Big 12 Officers Annual Meeting Moody’s Annual Tuition Survey due AOH preparation
November	State Budget Director releases recommendations Review Annual Financial Report Moody’s Higher Education data disclosure
December	Audit reports of affiliated corporations due to Legislative Post Audit Affiliated Corporation Report due to KBOR Continuing bond disclosure documents due Annual payroll tax adjustments submitted to state