SUMMARY

We provided unmodified audit opinions on UW System’s FY 2019-20 financial statements, including its aggregate discretely presented component units. As of June 30, 2020, UW System’s net position was $5.4 billion. On a budgetary basis, UW System’s total program revenue balance was $1.2 billion as of June 30, 2020, and included $773.2 million from unrestricted sources. We recommend UW System Administration continue development of a comprehensive information security program and develop a structure to monitor for compliance with systemwide policies. We also recommend that UW System Administration work with UW institutions to achieve compliance in a timely manner.