Focused Report

Comprehensive Standard 3.10.2

The institution provides financial profile information on an annual basis and other measures of financial health as requested by the Commission. All information is presented accurately and appropriately and represents the total operation of the institution. (Submission of financial statements) .

Off-Site Committee Finding

The financial statements prepared by the state auditor for FY 2004, FY 2005, and FY2006 were submitted to the Off-Site Committee. The Financial Profiles for 2006 and 2007 were submitted and reviewed by the Off-Site Committee. All of the above were included in the Compliance Certificate with a reference to a CD for details. Upon examination of the Financial Profiles, it was noted that the identical numbers were present in both 2006 and 2007 on page 2 of the documents for lines 1-5, 8, 10, and 14. The institution might wish to clarify why these numbers are the same for both years. This Comprehensive Standard requires that "all information be presented accurately". The possible duplication of numbers provides substance to the evaluation that the Compliance Certificate may contain errors.

Albany State University's Response

The figures reported on page 2 of the Albany State University 2007 Financial Profile are correct values for FY 2005 but the form requested values from FY 2006. The numbers initially submitted on page 2 of the 2006 and 2007 Financial Profiles were IPEDS Finance Survey FY 2005 numbers. The numbers on page 2 of the 2007 Financial Profile should have reflected IPEDS Finance Survey data from FY 2006. The 2007 Financial Profile has been corrected and changes have been entered in the Commission on Colleges Database [1] .

Supporting Documentation

[1] Confirmation of 2007 Financial Profile Correction