To: Deans, Directors and Department Chairs
From: Aimee Turner, Executive Director, Enterprise Financial Accounting and University Controller
The University of North Carolina at Chapel Hill has released its Comprehensive Annual Financial Report (CAFR) for the fiscal year that ended June 30, 2016. It can be found online at http://finance.unc.edu/files/2016/12/2016_cafr.pdf. With this year’s edition, we are moving toward a digital – and more environmentally sustainable – distribution method. As such, we have a limited number of printed versions of the CAFR.
The CAFR is one way the University is fulfilling its goal of transparency and accountability to the people of North Carolina and beyond. In addition to the financial statements of the University, the document contains disclosures regarding investments, debt, revenues and expenses.
For the past 21 years, the University has received an award for reporting excellence for the CAFR. The Certificate of Achievement for Excellence in Financial Reporting is the highest form of recognition in the area of governmental accounting and financial reporting.
Note: This memo is also being sent to Major Organizational Unit Financial Leads.