Each year the prior years' financial statements are adjusted in HFM for reclassifications to conform to the current year's presentation. This is an important part of the consolidation process which keeps financial statements comparable between fiscal years. This is the reason that multi-year comparative financial statements presented to the Board do not agree to that specific year's audited financial statements.

In order to make these restatements transparent, Excel spreadsheets have been created which show, year by year, the adjustments made to retain comparability between years. All three statements are presented: Statement of Net Assets (SNA), Statement of Revenue and Expenses (SRE), and Statement of Cash Flows (SCF).

Last updated: 11/16/12