ML21362A744
| ML21362A744 | |
| Person / Time | |
|---|---|
| Site: | 07000113 |
| Issue date: | 12/17/2021 |
| From: | Doncsecz J Penn State College of Engineering |
| To: | Richard Jervey NRC/NMSS/DFM/FFLB |
| R JERVEY NRC/NMSS/DFM/FFLB 3014156201 | |
| Shared Package | |
| ML21362A738 | List: |
| References | |
| Download: ML21362A744 (2) | |
Text
r~ PennState December 17, 2021 Attn: Rick Jervey Division of Fuel Management Joseph J. Doocsecz Associate Vice President for Finance and Corporate Controller Office of Nuclear Material Safety and Safeguards U.S. Nuclear Regulatory Commission Washington, DC 20555-0001 (814) 865-1355 FAX: (814) 863-0701 The Pennsylvania State University 408 Old Main University Park, PA 16802-1505 Subj: Audited Financial Statements -Fiscal Year Ending June 30, 2021 and Self-Guarantee Agreement License numbers:
SNM-95 Penn State University Docket 070-00113
Dear Sir or Madam,
As required in 10 CFR 30.35.(f).(2), the financial test and self-guarantee method of 10 CFR 30 Appendix E will be used. The Pennsylvania State University (the "University") certifies the following:
(i) 10 CFR 30 Appendix E Paragraph II.A.(1)-The University currently holds a rating for its most recent bond issuance of AA as issued by Standard and Poor's, and a bond rating of Aal as issued by Moody's, and (ii)
The University is currently a going concern, and it possessed positive net assets in the amount of $12,406,671,000 on June 30, 2021. The calculation of the University's net assets on June 30, 2021 was derived from the university's independently audited, year-end financial statements and footnotes for the fiscal year ended June 30, 2021.
The University is not required to file a Form 10-K with the Securities and Exchange Commission for the latest fiscal year.
(iii) 10 CFR 30 Appendix E Paragraph II.C.(1)-Audited financial statements are attached as Attachment A. In addition to the enclosed report, an electronic version may also be found at:
https://controller.psu.edu/sites/controller/files/psu 2021 financial statements -
final.pd[
Attachment B contains Penn State University's Self-Guarantee Agreement for Financial Assurance for Cost of Decommissioning Activities. Attachment C contains the Independent Document transmitted contains confidential financial information -withhold under 10 CFR 2.390.
When separated from enclosures this document is uncontrolled.
Accountant's Report on Applying Agreed-Upon Procedures for the year ended June 30, 2021. In addition, Attachment D contains an Affidavit regarding proprietary information.
Please contact Yuanqing Guo at 814-865-6391 or yxg14@psu.edu and Aaron Wilmot (adwl54@psu.edu) if you have any questions.
Sincerely, Joseph J. Doncsecz Associate Vice President for Finance and Corporate Controller Attachment A - Audited financial statements Attachment B - Penn State University's self-guarantee agreement Attachment C - Independent Accountant's Report on Applying Agreed-Upon Procedures Attachment D - Affidavit cc: Yuanqing Guo, Radiation Safety Officer Aaron Wilmot, Assistant Radiation Safety Officer Kenan Unlli, Director, Radiation Science and Engineering Center Jody Murawski, Controllers Office, University Park Document transmitted contains confidential financial information - withhold under 10 CFR 2.390.
When separated from enclosures this document is uncontrolled.