The Office of University Controller (OUC) is pleased to announce that the University of Colorado FY2021 Annual Financial Report, and the University of Colorado FY2021 Financial and Compliance Report, are available on the OUC website. 

The Annual Financial Report (AFR) is issued by the OUC and contains the University’s basic financial statements, which include the Statement of Net Position (SNP/balance sheet), Statement of Revenues, Expenses, and Changes in Net Position (SRECNP/income statement), and Statement of Cash Flows. It also contains supporting footnotes, required supplementary information, management’s discussion and analysis, and the independent auditor’s report on the AFR.

• You may wish to review the AFR to see how the University has fared financially over the past fiscal year. 
• You may need to provide this traditional PDF format of the AFR to sponsors as part of a grant application process. Note that sponsors interested in subrecipient monitoring may want to review the Financial and Compliance Report, or statewide Single Audit report, that is issued by the Office of the State Auditor - see below.

The Financial and Compliance Report contains the University’s AFR. It also includes a report on internal control over financial reporting, required communications to the Legislative Audit Committee (LAC), and reports on State-Funded Student Financial Assistance Programs, in addition to findings and recommendations arising from the financial audit (which covers the AFR) and the single audit (which covers federal awards, usually related to research or student financial assistance).

Our External Reporting website also presents the Supplemental financial statements (the campus-level SNP and SRECNP), broken out into the various fund types.

Questions about the 2021 Annual Financial Report? Contact accounting@cu.edu.