Summary: UNIVERSITY OF GEORGIA
RESEARCH FOUNDATION, INC.
for the year ended
June 30, 2011
UNIVERSITY OF GEORGIA RESEARCH FOUNDATION, INC.
Report of Independent Auditors 3
Management's Discussion and Analysis 4
Financial Statements for the Year Ended June 30, 2011
Statement of Net Assets 8
Statement of Revenues, Expenses, and Changes in Net Assets 10
Statement of Cash Flows 11
Notes to Financial Statements 12
Report on Internal Control Over Financial Reporting and on Compliance
and Other Matters Based on an Audit of Financial Statements Performed
in Accordance with Government Auditing Standards 48