Financial Report
Financial Report YEAR ENDED | 06.30.2007 Table of Contents 3 Letter from the President 6 Report from the Chief Financial Officer 12 Report from the Vice President for Development 14 Campaign Update 19 New Appointments 21 Highlights 38 Awards and Accomplishments 40 Projects in Planning, in Progress, and Completed 46 Management Responsibility for Financial Statements 47 Report of Independent Auditors 48 Management’s Discussion and Analysis 66 Financial Statements 89 Supplementary Information to Financial Statements Officers and Staff | as of June 30, 2007 2 REGENTS OF THE ART AND DESIGN, Bryan Rogers MARGARET E. NORGREN UNIVERSITY OF MICHIGAN BUSINESS ADMINISTRATION, Robert J. Dolan Associate Vice President for Finance JULIA DONOVAN DARLOW, Ann Arbor DENTISTRY, Peter Polverini LAURA M. PATTERSON, Associate Vice LAURENCE B. DEITCH, Bingham Farms President for Michigan Administrative EDUCATION, Deborah Loewenberg Ball Information Systems OLIVIA P. MAYNARD, Goodrich ENGINEERING, David C. Munson CAROL SENNEFF, CMA, CIA REBECCA MCGOWAN, Ann Arbor GRADUATE STUDIES, Janet A. Weiss Executive Director of University Audits ANDREA FISCHER NEWMAN INFORMATION, C. Olivia Frost (Interim) CHERYL L. SOPER, CPA Ann Arbor KINESIOLOGY (Division of), Beverly D. Ulrich Controller and Director of Financial Operations ANDREW C. RICHNER, Grosse Pointe Park LAW SCHOOL, Evan H. Caminker GREGORY J. TEWKSBURY, CTP, Treasurer S. MARTIN TAYLOR, Grosse Pointe Farms LITERATURE, SCIENCE, AND THE ARTS LAURITA E. THOMAS KATHERINE E. WHITE, Ann Arbor Terrence J. McDonald Associate Vice President for MARY SUE COLEMAN, ex officio Human Resources and Affirmative Action MEDICAL SCHOOL, James O. Woolliscroft EXECUTIVE OFFICERS MUSIC, THEATRE, AND DANCE FINANCIAL STAFF Christopher Kendall MARY SUE COLEMAN, President ROBERT L.
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