Review of Compliance with the NCAA Financial Data Reporting Requirements Sedong John, SFSR Chancellor’s Office Year-End GAAP Training April 18, 2014

Background Information NCAA stands for National Collegiate Athletic Association. Prior to FY 2012/13, compliance was left to individual campuses. Starting with FY 2012/13, SFSR was tasked to review campus compliance with the NCAA financial data reporting requirements and report the results to the CSU Board of Trustees. GAAP Training

Summary of the NCAA Financial Data Reporting Requirements ( see Chapter 12 of the GAAP Manual ) Division I Requirements Annual Agreed-Upon Procedures (AUP) conducted by a qualified independent accountant Annual submission of the financial data to the NCAA by 1/15 Division II Requirements Triennial Agreed-Upon Procedures (AUP) conducted by a qualified independent accountant Annual submission of the financial data to the NCAA by 1/15 GAAP Training

CSU Campuses in Division Categories Division I campuses (9): Bakersfield, Fresno, Fullerton, Long Beach, Northridge, Sacramento, San Diego, San Jose, San Luis Obispo Division II campuses (11): Chico, Dominguez Hills, East Bay, Humboldt, Los Angeles, Monterey Bay, Pomona, San Bernardino, San Francisco, Sonoma, Stanislaus No NCAA Athletic Programs (3): Channel Islands, Maritime Academy, San Marcos GAAP Training

Results of SFSR’s Review of Campus AUP Reports for FY 2012/13 9 Division I campuses and 7 Division II campuses submitted the FY 2012/13 AUP reports to the CO. Recommendations for improvement in some AUP reports (repeats may be reported to the BOT): Insufficient details on the agreed-upon procedures performed Lack of required notes and disclosures Exceptions noted in the auditor’s report GAAP Training

Submission Requirements to the CO The following campuses must submit the AUP report to SFSR by 1/15/2015: All Division I campuses Division II campuses required to issue the AUP report for FY 2013/14 based on the three year cycle SFSR will review the campus AUP reports to determine compliance with the NCAA requirements. Upon concurrence from Audit & Advisory Services, the results will be reported to the BOT. GAAP Training

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