1. University of North Carolina Wilmington Associated Entities Financial Audits Presentation to Board of Trustees Audit Committee October 24, 2013 Dr. Rick Whitfield, AVCBA - Finance

2. University of North Carolina Wilmington FY2013 Associated Entities Audits One Independent CPA Firm Thomas and Gibbs CPA’s, PLLC (Durham) Seven Separate Audits  The Foundation of the University of North Carolina at Wilmington  UNCW Student Aid Association(Seahawk Club)  The Alumni Association of the University of North Carolina at Wilmington  UNCW Corporation  UNCW Corporation II  UNCW Research Foundation Financial Summary  Total Assets = $145.0M  Total Liabilities = $136.3M  Total Net Assets / Position = $8.7M 2

3. University of North Carolina Wilmington FY2013 Associated Entities Audits Completed Associated Entities Audits:  Unqualified Opinions from the External Auditors  No Material Deficiencies or Significant Weaknesses In Internal Controls - Ongoing Effective Internal Control Environment  Research Foundation – Opening Balance of Net Assets Restated (Increased $11,835) to Correct Prior Year Period Amortization of Unearned Revenue. No restatement of previously issued financial statements required per consultation with external auditors for that period. No effect on results of current year’s activities. In Progress Audits:  The Foundation and Friends of UNCW* audits remain in progress with a scheduled completion date of 10/31/13.  * Conducted by UNCW Internal Audit Staff 3

4. University of North Carolina Wilmington Questions, Comments, Observations