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Financial Affairs

Phone: 301.445.1960
Fax: 301.445.2761

The Office of Financial Affairs has the fundamental responsibility for coordinating with the institutions on all matters related to accounting for the management of the System's financial resources, as well as reporting on its financial condition. The Office represents the institutions and the USM in fiscal matters with the offices of the State Comptroller, the State Treasurer, the Legislative Auditor, and the Department of Budget and Management. On behalf of the System, the Office engages and coordinates the activity of the external auditor. The Office handles those endowment funds of the System for which the Regents have management and investment authority. The Office has the responsibility on behalf of the institutions and the System to plan and conduct the sale of revenue bonds for System facilities and equipment.

Staff

Additional Resources

University System of Maryland Accounting Practices

Financial Statements and Supplemental Schedules FY2000 (PDF Format)
Financial Statements and Supplemental Schedules FY2001 (PDF Format)
Financial Statements and Supplemental Schedules FY2002 (PDF Format)
Financial Statements and Supplemental Schedules FY2003 (PDF Format)
Financial Statements and Supplemental Schedules FY2004 (PDF Format)
Financial Statements and Supplemental Schedules FY2005 (PDF Format)
Financial Statements and Supplemental Schedules FY2006 (PDF Format)
Financial Statements and Supplemental Schedules FY2007 (PDF Format)

Single Audit Report FY2000 with Reports of Independent Auditors (PDF Format)
Single Audit Report FY2001 with Reports of Independent Auditors (PDF Format)
Single Audit Report FY2002 with Reports of Independent Auditors (Revised July 1, 2004) (PDF Format)
Single Audit Report FY2003 with Reports of Independent Auditors (PDF Format)
Single Audit Report FY2004 with Reports of Independent Auditors (PDF Format)
Single Audit Report FY2005 with Reports of Independent Auditors (PDF Format)
Single Audit Report FY2006 with Reports of Independent Auditors (PDF Format)
Single Audit Report FY2007 with Reports of Independent Auditors (PDF Format)

Comprehensive Annual Financial Report 2001 (PDF Format)
Comprehensive Annual Financial Report 2006 (PDF Format 10MB)
Comprehensive Annual Financial Report 2007 (PDF Format)

USM Capital Assets and Depreciation Guide (Word Format)

Financial Reporting Information Requirements for FY2006 (PDF Format)
Financial Reporting Information Requirements for FY2008 (PDF Format)

Endowment Reporting