Jayhawk Statue in front of Strong Hall in the spring

Office of Finance

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 Finance Annual Calendar

MonthAction
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

Office of Finance Annual Calendar