WKU Electronic Audit 2002

Western Kentucky University Accountants’ Report and Financial Statements June 30, 2002Western Kentucky University June 30, 2002 Contents Independent Accountants’ Report on Financial Statements and Supplementary Information...............................................................................................1 Management’s Discussion and Analysis.............................................................................3 Financial Statements Statement of Net Assets.................................................................................................................... 15 Statement of Revenues, Expenses and Changes in Net Assets ........................................................ 16 Statement of Cash Flows.......... 17 Notes to Financial Statements .......................................................................................................... 18 Supplementary Information Schedule of Expenditures of Federal Awards .................................................................................. 38 Independent Accountants’ Report on Compliance and Internal Control Over Financial Reporting Based on the Audit of the Financial Statements in Accordance with Government Auditing Standards ..................................................47 Independent Accountants’ Report on Compliance and Internal Control Over Compliance with Requirements Applicable to Major Federal Awards Programs..................... ...