2018 University of Maine System Financial Report

The Management’s Discussion and Analysis (MD&A) provides a broad overview of the University of Maine System’s (“the System” or UMS) financial condition as of June 30, 2018 and 2017, the results of its operations for the years then ended, significant changes from the previous years, and outlook for the future where appropriate and relevant. Management has prepared the financial statements and related note disclosures along with this MD&A. The MD&A should be read in conjunction with the accompanying basic financial statements and related notes