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        <ExplanationTxt>KELLI ENGELHARDT - PAST PRESIDENT UNIVERSITY OF PROVIDENCE 1301 20TH ST S GREAT FALLS, MT 59405 JUSTIN CHASE BROWN - PRESIDENT UNIVERSITY OF NEBRASKA - LINCOLN PO BOX 880411 LINCOLN, NE 68588 VANESSA MARTINEAU - PRESIDENT-ELECT WESTERN GOVERNORS UNIVERSITY 4001 SOUTH 700 EAST, SUITE 700 SALT LAKE CITY, UT 84107 DORINDA ROTH - VICE PRESIDENT HESSTON COLLEGE 301 S MAIN ST HESSTON, KS 67062 BECKY PRIBYL - VICE PRESIDENT-ELECT NORTHERN STATE UNIVERSITY 1200 S JAY STREET ABERDEEN, SD 57401 MATTHEW ROWELL - TREASURER WESTERN GOVERNORS UNIVERSITY 4001 SOUTH 700 EAST, SUITE 700 SALT LAKE CITY, UT 84107 SHAWNA OTTE - TREASURER-ELECT UNIVERSITY OF WYOMING 2056 N. 16TH STREET LARAMIE, WY 82072 BRITTANY LAMOREAUX - SECRETARY WESTERN GOVERNORS UNIVERSITY 4001 SOUTH 700 EAST, SUITE 700 SALT LAKE CITY, UT 84107 CARIN CARSTENS - ASSOCIATE DELEGATE SCHOLARNET 46636 267TH STREET SIOUX FALLS, SD 57106 SHANNON WEBBER - STATE DELEGATE RED ROCKS COMMUNITY COLLEGE 13300 W 6TH AVE BOX 4 LAKEWOOD, CO 80228 TANYA MCGEE - STATE DELEGATE KANSAS STATE UNIVERSITY 220 ANDERSON HALL MANHATTAN, KS 66506 JAMES BROSCHEIT - STATE DELEGATE MONTANA STATE UNIVERSITY-BOZEMAN 21 MONTANA HALL PO BOX 174160 BOZEMAN, MT 59717 TRACI BOEVE - STATE DELEGATE HASTINGS COLLEGE 710 TURNER AVE HASTINGS, NE 68901 KELSEY WALTERS - STATE DELEGATE LAKE REGION STATE COLLEGE 1801 N. COLLEGE DRIVE DEVILS LAKE, ND 58301 TRACEY BUISKER - STATE DELEGATE SOUTH DAKOTA STATE UNIVERSITY ENROLLMENT SERVICES CENTER BROOKINGS, SD 57007 CHRISTINA AYRES - STATE DELEGATE UTAH STATE UNIVERSITY OLD MAIN HILL 1800 TSC 106 LOGAN, UT 84322 ALLISON MURRAY - STATE DELEGATE UNIVERSITY OF WYOMING 1000 E. UNIVERSITY AVE DEP 3335 LARAMIE, WY 82071</ExplanationTxt>
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        <ExplanationTxt>THE ORGANIZATION USES THE SAME METHOD USED FOR PREPARATION OF ITS FINANCIAL STATMENTS TO PREPARE THE FORM 990. THE ORGANIZATION PREPARES ITS FINANCIAL STATEMENTS IN ACCORDANCE WITH THE MODIFIED CASH BASIS OF ACCOUNTING, WHICH IS A BASIS OF ACCOUNTING OTHER THAN ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA. IN ACCORDANCE WITH THIS BASIS OF ACCOUNTING, THE ASSOCIATION RECORDS REVENUES WHEN FUNDS ARE RECEIVED AND EXPENSES WHEN FUNDS ARE DISBURSED. IN ADDITION, CERTAIN ACCRUAL BASED ADJUSTMENTS ARE ALSO RECORDED, SUCH AS UNREALIZED APPRECIATION (DEPRECIATION) OF INVESTMENTS.</ExplanationTxt>
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