Annual audit of financial statements An opinion is to be rendered on the following comparative statements: • Michigan State University Statements of Net Position (including blended component units) • Michigan State University Research Foundation Statements of Financial Position (audited separately by another firm, but discretely presented in MSU’s financial statements) • Michigan State University Statements of Revenues, Expenses, and Changes in Net Position (including blended component units) • Michigan State University Research Foundation Statements of Activities and Changes in Net Assets (audited separately by another firm, but discretely presented in MSU’s financial statements) • Michigan State University Statements of Cash Flows (including blended component units) Note: The Michigan State University Research Foundation is a discretely presented component unit of MSU. This separate legal entity is audited by another firm. Additionally, MSU Health Care, Inc. (“MSU HCI”) and Lysander Series, LLC (“Lysander”) are blended component units of MSU. Both blended component units are audited separately and are not part of this request. Lysander is audited as part of Aesir Series, LLC.
