Annual Report 2018
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KPMG and Peterson Sullivan
F–9 VII. STANDING COMMITTEES B. Finance, Audit and Facilities Committee 2013 Audit Plans – KPMG and Peterson Sullivan For information only. Attachments 1. KPMG - University of Washington, 2013 Audit Plan 2. Peterson Sullivan - University of Washington, Metropolitan Tract Audit for the Year Ending June 30, 2013 3. Peterson Sullivan LLP - University of Washington, Audits of Housing and Dining System and Retail and Remote Food Services for the Year Ending June 30, 2013 4. Peterson Sullivan LLP - University of Washington, Audits of Departments in Student Life for the Year Ending June 30, 2013 5. Peterson Sullivan LLP - University of Washington, Commodore Duchess, Radford Court and Nordheim Court Audits for the Year Ending June 30, 2013 F–9/205-13 5/9/13 Higher Education University of Washington 2013 Audit Plan Audit kpmg.com ATTACHMENT 1 F–9.1/205-13 5/9/13 Contents I. Executive Summary 2 II. Financial Reporting Entity 3 III. Scope of Our Audits 6 IV. KPMG LLP (KPMG) Team Overview 7 V. KPMG Audit Process 12 VI. New Accounting Pronouncements 13 VII. Tentative Timetable 14 © 2013 KPMG LLP, a Delaware limited liability partnership and the U.S. member firm of the KPMG network of independent F–9.1/205-13 member firms affiliated with KPMG International Cooperative (“KPMG International”), a Swiss entity. All rights reserved. 1 NDPPS 155047 5/9/13 I. Executive Summary Scope of Audit We will audit the balance sheet of the University of Washington (the University) as of June 30, 2013, and the related statements of revenues, expenses, and changes in net assets and cash flows for the year then ended. -
KPMG & Peterson Sullivan
F–2 VII. STANDING COMMITTEES B. Finance and Asset Management Committee 2015 Audit Plans (KPMG & Peterson Sullivan) For information only. Attachments KPMG – University of Washington 2015 Audit Plan Peterson Sullivan LLP – University of Washington 2015 Audit Plan F–2/205-15 5/14/15 University of Washington Higher Education 2015 Audit Plan kpmg.com F–2.1/205-15 ATTACHMENT 1 5/14/15 Contents Page I. Executive Summary 2 II. Required Communications and Responsibilities 3-4 III. Financial Reporting Entity 5 IV. Scope of our Audits 6-7 V. KPMG LLP (KPMG) Team Overview 8 VI. KPMG Audit Process 9 VII. University of Washington Business and Financial Risks 10 VIII. Consideration of Fraud in the Audit 11 IX. Materiality 12 X. KPMG Audit Process – Procedures 13-16 XI. KPMG Independence Quality Controls 17 XII. New Accounting Pronouncements 18 XIII. Key GASB vs. FASB Differences 19 XIV. Tentative Timetable 20 Appendix © 2015 KPMG LLP, a Delaware limited liability partnership and the U.S. member firm of the KPMG network of independent F–2.1/205-15 member firms affiliated with KPMG International Cooperative (“KPMG International”), a Swiss entity. All rights reserved. 1 NDPPS 349203 5/14/15 I. Executive Summary Scope of our Audit We will audit the statements of net position of the University of Washington (the University) as of June 30, 2015, and the related statements of revenues, expenses, and changes in net position and cash flows for the year then ended. These financial statements are the responsibility of the University’s management. Additionally, we will report separately on our audits for the UW Medical Center, Intercollegiate Athletics, Commuter Services, Internal Lending Program, and Housing and Food Services. -
In-Kind Supporters
OSL Ben Bridge Jeweler Bob & Claudia Nelson In-Kind Lisa & Steve Walterskirchen Bob & Alice Bishop Novelty Hill Winery Bledsoe Family Winery Oddfellows Café + Bar Supporters $2,500 - $4,999 Michelle Burns & Ray Szylko Orchard Kitchen Jeannie Butler & Bob Weinburg Outlier $25,000 and above A Healthy and Happy Company Cafe Lago PCC Community Markets Air France-KLM Cantinetta Pearl Jam Larry & Sherry Benaroya and Alice Arrington The Carlile Room Peter Michael Winery Benaroya Companies Ciudad Cascade Designs Inc. The Phoenician Collins Family Orchard Chef Matt Dillon Cayuse Vineyards Pineapple Hospitality First & Goal Donovan Photographies Cedarbrook Lodge Poppy Full Circle Peter & Deborah Ehrlichman Center Art LLC Portage Bay Cafe Tableau Foundation Eight Bells Winery Chan Seattle Thierry & Kathy Rautureau Washington State Convention Esplendido Douro Community Table Rider Restaurant Center Expedia The Corson Building and Sitka & Rudy's Barbershop Fran's Chocolate Spruce Salare Restaurant $10,000 - $24,999 Freeman Co. Daniel's Broiler - Bellevue San Pellegrino The FruitGuys Devona Tony & Julie Santorsola Alaska Airlines Food Bank Farm Tom Douglas & Jackie Cross Julia & Greg Schechter Amazon Fuji Bakery Eden Hill Restaurant SeaStar Restaurant Bloom Consulting, Inc. Fuse IQ The Edgewater Semiahmoo Resort Caffe Vita Grand Central Bakery El Gaucho Hospitality Sisters and Brothers Chihuly Studios Leonetti Cellars Enchant Christmas Sloan Estate Christensen O'Connor Johnson Aidan Low Eterna Studios Snoqualmie Casino Kindness Modernist Cuisine The -
2020 Bondholders Report
BONDHOLDERS REPORT 2020 BONDHOLDERS REPORT TABLE OF CONTENTS 1 Introduction 2 2020 Financial Report 3 Supplemental Bondholder Information Official Statement Disclosures Applications, Students & Enrollment Faculty & Other Data Medical Centers Consolidated Endowment and Invested Funds University Liquidity Future Debt Service 4 Supplemental Financial Reports Supplementary Information (General Revenues) Housing and Food Services Department of Intercollegiate Athletics UW Medicine Clinical Enterprise—UW Division Metropolitan Tract Student Services and Facilities Fees—Seattle Campus University of Washington 2020 BONDHOLDERS REPORT This report includes financial and operating information on the University of Washington (the “University”). As a preface to reviewing the materials, we suggest starting with the University’s Financial Report, which highlights the accomplishments, opportunities and challenges facing the University. The enclosed audited financial statements are as of June 30, 2020, the University’s fiscal year end. Also included is a supplemental report, which includes additional financial and operating information, provided for the benefit of the holders and beneficial owners of the bonds. This section includes some information that is also provided in the University’s Financial Report. This information may contain adjustments resulting from changes in methodology or timing. If you have comments, questions or need additional information, please feel free to contact us using the information shown below. Annette Sommer Shannon Thompson Chad Cook Tyler Benson Senior Associate Associate Treasurer Senior Analyst Analyst Treasurer (206) 685-2472 (206) 616-9969 (206) 897-1693 (206) 221-8982 [email protected] [email protected] [email protected] [email protected] Vivia Zhu Treasury Intern (206) 221-6752 [email protected] The information presented in this report is not intended to cover all material information that may be relevant to the outstanding bonds of the University of Washington. -
Cruise Planners
Holly Marocchi [email protected] www.getupandgo2.com 1-866-673-3019 | 386-673-3019 SEATTLE, WA OVERVIEW Introduction The combination of water, hills and lush greenery in a mountain setting on the shores of Puget Sound make Seattle, Washington, one of the most beautiful urban areas in the U.S. With its efficient bus system, growing light-rail network and compact downtown district, Seattle is also user-friendly. Seattleites have plenty to brag about: There's the Space Needle and Pike Place Market, plus the Mariners, Seahawks and Sounders FC sports teams. There are fine restaurants, good museums and vigorous arts and music scenes. Even Seattle's infamous rainy winter weather has a good side. All that rain helps make Seattle the evergreen "Emerald City" and produces wonderful flowers. And Seattle is where Starbucks got its start, in 1971, at Pike Place Market. Sights—The spectacular variety of Pike Place Market; the view from the Space Needle; the view of Puget Sound from the decks of Washington State Ferries; the Volkswagen-crushing troll and other public art in Fremont; the historic buildings and galleries of Pioneer Square Historic District; the city skyline from Gas Works Park; the Hiram M. Chittenden Locks in Ballard. Museums—The interactive music exhibits at the Museum of Pop Culture and the adjoining Science Fiction and Fantasy Hall of Fame; Native American and African art at the Seattle Art Museum; the stunning Olympic Sculpture Park on the waterfront; the impressive holdings of the Seattle Asian Art Museum; cutting-edge contemporary art at the University of Washington's Henry Gallery; aviation and aerospace artifacts at the Museum of Flight; gorgeous glassworks at Chihuly Garden and Glass. -
Finance and Asset Management Committee
Approved at the meeting of the Committee on February 13, 2020. MINUTES UNIVERSITY OF WASHINGTON BOARD OF REGENTS Finance and Asset Management Committee Thursday, December 12, 2019 Petersen Room, Allen Library Call to Order and Attendance Committee Chair Regent Riojas called the meeting to order at 8:30 a.m. Present: Regents Riojas (Chair), Benoliel, Harrell, MacPhee, Rice, Suarez, Tamaki, Zeeck; President Cauce, Provost Richards, the Secretary. Absent: Regents Ayer, Jaech. Approval of Minutes Regent Riojas announced that, hearing no objections, the minutes from the Committee meeting on November 14, 2019, were approved, as distributed. Portage Bay Insurance Annual Report (Information only) (Item No. F–1) Quarterly Investment Performance Report – Quarter Ended September 30, 2019 (Information only) (Item No. F–2) Approve Internal Audit Charter and 2020 Internal Audit Plan (Action) (Item No. F–3) UW Advancement Annual Return on Investment Report (Information only) (Item No. F–4) Regent Riojas announced that, hearing no objections, Items F–1. F–2, F–3, and F–4 would appear on the full Board’s agenda, as distributed. See Attachments F–1. F–2, F–3, and F–4. Finance, Budget, and Capital Report (Information only) (Item No. F–5) Brian McCartan, Vice President, Finance, presented the attached semi-annual debt report. The $102 million bond sale approved by the Board in July 2019 will be priced in mid-January. Current rates are low. If the University were to borrow presently, it would borrow at approximately 3.3 percent. Next week Finance staff will present to Standard & Poor’s and Moody’s. Moody’s recently updated its sector outlook for higher education from negative to stable. -
Luly Yang Design: Better Than the Dream
Luly Yang Design: Better than the Dream. Judith van Praag One late afternoon in October, rushing passed retail display windows on Seattle's downtown Fourth Avenue, something —a vision, or was it an apparition— made me stop and turn around to check. Did I really see a ballerina posing in tutu? Suggestion is the power of the designer. Behind the windowpane –branded with Luly Yang’s logo— stood an antique French chair, its muscular legs suggesting the ballerina's calves, the upholstered seat partially covered by a pile of tulle. That "ballerina" chaperoned by a mannequin —dressed to kill— in a sequined and beaded sheath, silently extended an invitation: "Come on inside, this is where you'll find your gown for the gala." Windows flanking the door to Luly's Studio*Boutique showed delightful one of a kind evening purses, displayed on gorgeous "Out of Asia" fabrics. Definitely a place to return to on a less hectic day. And that I did. Luly Yang's Studio*Boutique is a dream come true; for the betrothed the couturiere was four years ago, and for present and future brides to be. Once you've entered the front door you feel enveloped by feminine elegance. You know it right away, you're in a lady's boudoir, the back room where wishes are whispered and fantasies come true. Luly's signature is visible in everything, from the interior design of her new Studio*Boutique, to the custom made satin pumps matching a gown reminiscent of 1940s Hollywood luxury. Yardage used for curtains which separate the boutique from the fitting room and designer’s studio, are so pretty I could well imagine some smart client asking the designer to make her "a Scarlett O'Hara", using the boutique's drapes for a stunning outfit.