Interim financial statements
All Minnesota State Colleges and Universities (MnSCU) institutions complete interim financial statements on a quarterly basis. These statements are accrual-based financials, and include comparative Statements of Revenues, Expenses, and Changes in Net Assets; Statements of Net Assets; and Statements of Cash Flows.
The statements are comparable for quarter-to-quarter analysis, as well as comparative to the prior two (2) fiscal years' statements.
The interim financial statements also include financial performance indices such as the Composite Financial Index, Revenue Sources and Uses, and Asset Sources and Uses. Ratios included in the financials include Primary Reserve, Net Operating Revenues, Viability Ratio, Return on Net Assets, Debt Burden, and Current Ratio.
Based on the review of the interim statements, institutions have the ability to complete a trend analysis worksheet and determine the causes of any significant changes in their financial situation.
Instructions
Instructions for preparing interim financial statements are updated every quarter.
If you have questions or comments please email us (accounting@so.mnscu.edu) or refer to the staff directory link at the top of this page for additional contact information.
