SUMMARY

We provided an unmodified audit opinion on UW System’s FY 2015-16 and FY 2014-15 financial statements. As of June 30, 2016, UW System’s net position, which provides a measure of its overall financial condition, was $6.6 billion. We recommend UW System Administration ensure that UW institutions are following its policy to audit special course fee revenues and expenditures and work with UW institutions to improve the accuracy of the information in the tuition and fee report. We also recommend UW System Administration continue to work with the UW Information Assurance Council and UW institutions to implement the new IT policies and procedures.