In 1996, the Arizona Legislature charged our universities, community colleges, and Board of Regents to collaborate to develop ways for students to seamlessly transfer from community colleges to universities. Meeting the higher education needs of our state was and is a priority of these three bodies. The Academic Program Articulation Steering Committee was formed as the cooperative body to carry out this charge. On behalf of the community colleges and Arizona Board of Regents, it prepares an annual report to the legislature on the progress toward improving articulation and transfer.

The Arizona Board of Regents annually prepares an analysis of the financial condition of Arizona State University, Northern Arizona University, and The University of Arizona using data from the universities’ audited financial statements. This Assessment of Financial Strength uses the methodology developed by KPMG, BearingPoint, et al. and used by university governing boards and accreditation agencies across the country. The methodology employs four financial ratios and a single indicator of financial health—the Composite Financial Index—and provides a scale against which to benchmark our universities. The analysis is for each university’s entire enterprise, which includes their component units.