Xavier University changed its fiscal year end to June 30, effective June 30, 2011.  The University prepared and Deloitte & Touche audited two sets of financial statements.  The May 31, 2011 audited financial statements are representative of the 12 month operations of the University and should be used when evaluating its operations.  The June 30, 2011 represent a thirteen-month report and is intended to transition users to the new fiscal year.  The University will issue a single set of financial statements in 2012 as of and for the year ended June 30, 2012.