University System of Alaska.

• Author: Gallion, Mari
• Position: INSIDE ALASKA BUSINESS

To grasp the financial health of a great public university, look no further than the 2013 Annual Financial Report of the University System of Alaska. Due to good and smart fiscal management, the total operating expenses of the University increased marginally from the previous fiscal year despite rising fixed costs and an ambitious agenda. Further, the University's annual debt service is modest at 2.9 percent of unrestricted revenues, and its net position grew by 16.6 percent. Finally, it had clean audits from its independent auditors and also the Office of Naval Research.

The 2013 Annual Financial Report was presented by Vice President for Finance & Administration/CFO, Dr. Ashok K. Roy, to and was...