Norwich-University-FY18-Audited-Financials

CliftonLarsonAllen LLP CliftonLarsonAllen LLP CLAconnect.com Management’s Responsibility for the Financial Statements Auditors’ Responsibility Opinion Report on Summarized Comparative Information See accompanying Notes to Consolidated Financial statements See accompanying Notes to Consolidated Financial statements See accompanying Notes to Consolidated Financial statements (a) Nature of Operations (b) Basis of Presentation (c) Principles of Consolidation (d) Use of Estimates (e) Nonoperating Activities (f) Cash and Cash Equivalents (g) Deposits Held by Trustee (h) Investments (i) Endowment (c) Basis of Reporting (Continued) (c) Basis of Reporting (Continued) pari passu (a) Relevant Law (a) Relevant Law (Continued) (a) Relevant Law (Continued) (a) Relevant Law (Continued) (b) Funds with Deficiencies Investment advisory services are offered through CliftonLarsonAllen Wealth Advisors, LLC, an SEC registered investment advisor