The UCF Income Statement was designed in accordance with Governmental Accounting Standards Boards (GASB) required reporting format. As a result of implementing GASB Statement 103, the university is revising these reports to the updated GASB reporting format.
Accordingly, effective October 30, 2026, the following UCF Income Statement reports will be updated to align with GASB 103 requirements:
- UCF Income Statement
- UCF Income Statement for Housing Bond Segment
- UCF Income Statement Budget vs Actual*
- UCF Income Statement Budget vs Actual by Cost Center*
The updated reports will include:
- New sections for Non-Capital Subsidies and Total Changes in Accounting Principles
- Principal Payments and Contributions are incorporated into Non-Operating Revenue/(Expenses) and are no longer stand-alone line items
- A new Change in Net Position Reconciliation section at the end of each report
*Note: In addition, these reports now include amendments. Thus, variance calculations are now based on total budget rather than originally approved budget.
For questions regarding these updates, please submit a Workday Help case under the Reporting category.