TAILIEUCHUNG - UCDAVIS FINANCIAL REPORT 2002

We conducted focus groups in the Plan stage of the Kleimann’s Information Design Model. Starting this project by conducting two focus groups enabled us to gather exploratory, baseline information on consumers’ awareness of, history with, and general understanding about financial privacy notices. Focus groups are helpful in the Plan stage because they help us generate hypotheses and assist in the project development by providing valuable opinions, feedback, and insights into where to concentrate the study. 2 Preference Testing We chose preference testing in the Develop stage to narrow down the multiple designs we created after the focus groups. Our intention for. | UCDAVIS FINANCIAL REPORT 2002 TABLE OF CONTENTS MANAGEMENT S DISCUSSION AND ANALYSIS .2 STATEMENT OF NET ASSETS . 13 STATEMENT OF REVENUES EXPENSES AND CHANGES IN NET ASSETS . 14 STATEMENT OF CASH FLOWS . 15 NOTES TO FINANCIAL STATEMENTS . 16 A MESSAGE TO CHANCELLOR LARRY VANDERHOEF This report sets forth the financial position and results of operations of the University of California Davis for the fiscal year ended June 30 2002. UC Davis financial position is strong and the campus is well positioned to meet any short-term obstacles. Major financial strengths of the campus include a diverse source of revenues including those from student fees the State of California federally sponsored grants and contracts the medical center private support and self supporting enterprises. Expenses for UC Davis core activities were billion in 2002 while revenues supporting those activities were nearly 2 billion. Capital assets increased by 189 million in 2002 a reflection of the campus commitment to provide the facilities necessary to accommodate current and future enrollment growth. UC Davis net assets totaled billion at June 30 2002 compared to billion at June 30 2001. The financial statements of the University of California which include the Davis campus are audited on an annual basis by the firm of PricewaterhouseCoopers LLP who have issued an unqualified opinion thereon dated September 25 2002 that has been transmitted to the UC Board of Regents. The financial statements in this report have not been individually audited. The records and accounts of the university from which this report is prepared are maintained in accordance with generally accepted accounting principles including all applicable effective statements of the Governmental Accounting Standards Board GASB and the statements of the Financial Accounting Standards Board FASB . As discussed in the Summary of Significant Accounting Policies note to the financial statements as of July 1 2001 the university .

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