Beginning in Fiscal Year 2001/02, the CSU, Chico
Audited Financial Statements are prepared in
accordance with the Governmental Accounting Standards Board (GASB) statements No. 34, 35, 37 and 38. This
represents significant changes from prior financial
reports. These Financial Statements are prepared using the accrual basis of
accounting.
Therefore, these statements differ both in accounting basis and in reporting format from the financial and budget reports prepared on an appropriation basis by the University for the State of California. |
