USF had $290 million in reserves at the end of June 2009

The state of Florida has just released the audited financial statement of USF for 2008-09, and it has confirmed what the unaudited statements released several months ago indicated: USF is in decent financial shape, and it’s especially decent given the drop in state appropriations.

Audited financial report for USF 2008-09, released February 2010


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