Choose a report below to see how Snow College is doing on key metrics.
Viability Ratio: Implementation of GASB 68 – Accounting and Financial Reporting for Pensions - resulted in Snow College’s viability ratio dipping below the target value of 1.0. GASB 68 requires that state and local governmental units recognize their portion of the pension expense and pension liability in their financial statements. The recognition of the pension expense reduces the College’s net assets and the recognition of the pension liability increases the College’s long-term debt. Both of these changes resulted in a decrease in the viability ratio for the institution.