University Union Operation of California State University Sacramento

“The Union annually designates $5,000 for art acquisitions. The art is displayed throughout the student union building and provides cultural enjoyment to its student members while giving an additional dimension to education at the university.”

“The Union WELL Inc. follows ASC Topic 740-10-25, Accounting for Uncertainty in Income Taxes. This standard clarifies the accounting for uncertainty in tax positions taken or expected to be taken in a tax return, including issues relating to financial statement recognition and measurement. This standard provides that the tax effects from an uncertain tax position can be recognized in the financial statements only if the position is "more likely than not" to be sustained if the position were to be challenged by a taxing authority. The standard also provides guidance on measurement, classification, interest and penalties, and disclosure. The Union WELL Inc.'s practice is to recognize interest and penalties, if any, related to uncertain tax positions in tax expense. The Union WELL Inc. files exempt organization returns in the U.S. federal and California jurisdictions. The federal returns for tax years 2012 and beyond, and the California returns for 2011 and beyond, remain subject to examination by the taxing authorities. The Union WELL Inc. has processes presently in place to ensure the maintenance of its tax-exempt status; its group exemption; to identify and report unrelated business income; to determine its filing and tax obligations in jurisdictions for which it has nexus; and to identify and evaluate other matters that may be considered tax positions. The Union WELL Inc. has determined that there is no impact on the accompanying financial statements related to this standard. There were no uncertain tax positions identified or related interest and penalties recorded as of June 30, 2017, and the Union WELL Inc. does not expect this to change significantly over the next 12 months.”

“Loss on Disposal of capital assets 114,470.”

“Loss on Disposal of capital assets 114,470.”