SUMMARY

We provided an unmodified audit opinion on UW System’s FY 2013‑14 and FY 2012‑13 financial statements. As of June 30, 2014, UW System’s net position, which provides a measure of its overall financial condition, was $6.3 billion.  We analyzed aspects of UW System’s budget and made recommendations related to its reporting on program revenue balances and its consistency in awarding tuition remissions.