University of North Texas System Combined Financial Report: 2004 Page: 15 of 77
75 p. ; 28 cm.View a full description of this report.
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UNAUDITED
UNIVERSITY OF NORTH TEXAS SYSTEM (794)
Management's Discussion and Analysis
For the Year Ended August 31, 2004
CART) Additional funding of $4 8 million for CART was included m the 2005 Defense Appropriations bill The
$4 8 will be used to fund a new laboratory for Micro and Nano Electro Mechanical Systems The lab's first focus
will be on sensor devices that will play important roles m homeland security
The System is not currently aware of any facts or conditions that are expected to have a significant impact on the
financial position or results of operations during the 2005 fiscal year Improving market conditions have resulted in
an increase in the fair value of the System's endowment funds in the 2004 fiscal year Future positive results in
operations are largely dependent upon the System's effective management of operating costs while striving to
continue to maintain its high quality m recruiting the best faculty, staff and students, and the continued financial and
political support from the State
The System is committed to increasing its resources from endowed gifts and other contributions through ambitious
development efforts These contributions are an important supplement to the funding received from the state and a
significant factor in the growth of academic and research programsPage 13
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University of North Texas System. University of North Texas System Combined Financial Report: 2004, report, 2004; Denton, Texas. (https://texashistory.unt.edu/ark:/67531/metadc177349/m1/15/: accessed July 18, 2024), University of North Texas Libraries, The Portal to Texas History, https://texashistory.unt.edu; crediting UNT Libraries Special Collections.