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General Accounting and Reporting

Mission Statement

To support sound internal control and financial structure that ensures Delaware State University (DSU) financial statements are prepared in conformity with Generally Accepted Accounting Principles. Also, to ensure external and internal financial reports are prepared accurately and in a format which meets the objective of the users of the reports.

IRS Form 990 - Delaware State University

Annual Financial Statements

The Comprehensive Annual Financial Report (CAFR) is a thorough and detailed presentation of Delaware State University’s financial condition. It reports on activities and balances for each fiscal year.

Single Audit Reports

kufunStudent Housing Foundation is a component unit of the University. 

IRS Form 990 - kufunStudent Housing Foundation

Definitions

  • Generally Accepted Accounting Principles (GAAP) - Fundamental principles of accounting that are used as guidance in the preparation of the University financial statements.
  • Governmental Accounting Standards Board (GASB) - the independent, not-for-profit organization that sets accounting standards.
  • Government Financial Officers Association (GFOA)
  • National Association of College and University Business Officers (NACUBO)