Accounting for Governmental & Nonprofit Entities
|
|
- Elmer Glenn
- 5 years ago
- Views:
Transcription
1 Accounting for Governmental & Nonprofit Entities 17/e JACQUELINE L. RECK SUZANNE L. LOWENSOHN Copyright 2016 McGraw-Hill Education. All rights reserved. No reproduction or distribution without the prior written consent of McGraw-Hill Education. 8-1
2 Accounting for the Business-type Activities of State and Local Governments C H A P T E R 7 8-2
3 Learning Objectives 7-1 Describe the characteristics of proprietary funds, including those unique to internal service and enterprise funds. 7-2 Distinguish between the purposes of internal service funds and enterprise funds. 7-3 Explain proprietary financial reporting requirements, including the differences between the reporting of internal service and enterprise funds in the government-wide and fund financial statements. 8-3
4 Learning Objectives 7-4 Describe accounting procedures and prepare journal entries and financial statements for an internal service fund. 7-5 Describe accounting procedures and prepare journal entries and financial statements for an enterprise fund. 7-6 Explain special topics in accounting for the business-type activities of state and local governments. 8-4
5 Proprietary Funds Proprietary Funds Internal Service Funds Enterprise Funds Purchasing Information Systems Public Utilities Airports 8-5
6 Proprietary Fund Financial Reporting Accounting for proprietary funds is similar to that of investor-owned businesses. Proprietary funds focus on the flow of economic resources recognized on the accrual basis of accounting. These funds account for all assets and liabilities related to their operations, both short-term and long-term. 8-6
7 Proprietary Fund Financial Reporting 8-7
8 Internal Service Funds Internal service funds are established to improve financial management of government resources. The ordinance or other legislative action that authorizes the establishment of an internal service fund should also specify the source or sources of financial resources to be used for fund operations. Examples include contributions, interfund loans, proceeds of tax-supported bond issues, or transfers from other governments that will use the services of the internal service fund. 8-8
9 Internal Service Funds The financial objective of an internal service fund is to recover from operating revenues the full cost of operations including future needs for equipment replacements and upgrades to meet the needs of using funds and departments whose scale of operations is increasing or changing. Administrators and governing bodies need information that will allow them to determine that the costs of operating the fund are reasonable in relation to the benefits provided by the fund. 8-9
10 Town of Brighton Supplies Fund TOWN OF BRIGHTON SUPPLIES FUND Post-Closing Trial Balance As of December 31, 2013 Debits Credits Cash $30,000 Inventory of Supplies 61,500 Net Position Unrestricted $91,500 $91,500 $91,
11 Illustrative Transactions Debits Credits Supplies Fund: 1a. Cash ,000 Interfund Loan from Water Utility Fund Current... 6,500 Interfund Loan from Water Utility Fund Noncurrent 123,500 Governmental Activities: 1b. Cash ,000 Internal Balances ,
12 Illustrative Transactions Debits Credits Supplies Fund: 2a. Land ,000 Buildings ,000 Machinery and Equipment Warehouse ,000 Equipment Delivery ,000 Cash ,000 Governmental Activities: 2b. Land ,000 Buildings ,000 Equipment ,000 Cash ,
13 Illustrative Transactions Debits Credits Supplies Fund and Governmental Activities: 3. Inventory of Supplies ,600 Vouchers Payable ,600 Supplies Fund: 4a. Cost of Supplies Issued ,000 Inventory of Supplies ,000 4b. Due from General Fund ,750 Billings to Departments ,750 Supplies Fund: 5. Cash ,750 Due from General Fund ,
14 Illustrative Transactions Debits Credits Supplies Fund: 6a. Administrative Expenses ,000 Purchasing Expenses ,000 Warehousing Expenses ,000 Delivery Expenses ,000 Cash ,000 Governmental Activities: 6b. Expenses General Government ,000 Cash ,
15 Cash ,000 Illustrative Transactions Debits Credits Supplies Fund: 7a. Cash ,000 Grant Revenue ,000 7b. Warehousing Expense ,000 Cash ,000 Governmental Activities: 7c. Cash ,000 Program Revenue General Government Operating Grants and Contributions ,000 7d. Expenses General Government ,000 Cash ,
16 Illustrative Transactions Debits Credits Supplies Fund and Governmental Activities: 8. Vouchers Payable ,000 Cash ,000 Supplies Fund: 9a. Interfund Loan from Water Utility Fund Current ,500 Cash ,500 9b. Interfund Loan from Water Utility Fund Noncurrent.. 6,500 Interfund Loan from Water Utility Fund Current... 6,500 Governmental Activities: 9c. Internal Balances ,500 Cash ,
17 Illustrative Transactions Debits Credits Supplies Fund: 10a. Administrative Expenses Purchasing Expenses Warehousing Expenses ,300 Delivery Expenses ,000 Allowance for Depreciation Building ,500 Allowance for Depreciation Machinery and Equipment Warehouse ,500 Allowance for Depreciation Equipment Delivery.. 2,000 Governmental Activities: 10b. Expenses General Government ,000 Accumulated Depreciation Building ,500 Accumulated Depreciation Equipment ,
18 Illustrative Transactions Debits Credits Supplies Fund: 11. Billings to Departments ,750 Grant Revenue ,000 Cost of Supplies Issued ,000 Administrative Expenses ,350 Purchasing Expenses ,350 Warehousing Expenses ,300 Delivery Expenses ,000 Excess of Net Billings to Departments over Costs.. 1,750 Supplies Fund: 12. Excess of Net Billings to Departments over Costs.... 1,750 Net Position Unrestricted ,
19 External Financial Reporting of Internal Service Funds For external reporting purposes internal service fund financial information is aggregated and reported as a separate column in the statement of net position proprietary funds; statement of revenues, expenses, and changes in net position proprietary funds; and statement of cash flows proprietary funds. In the government-wide statement of net position and statement of activities, internal service fund financial information is collapsed and reported in the Governmental Activities column of both government-wide financial statements, unless enterprise funds are the predominant participants in an internal service fund. 8-19
20 Dissolution of an Internal Service Fund Mission Accomplished! Convert noncash assets to cash and distribute Transfer assets to another fund to continue activity Distribute assets to another fund 8-20
21 Special Topics: Internal Service Funds The fact that internal service funds are operated on a business basis can lead to conflicts between fund managers and legislators. Legislators may feel that they will lose control of the fund since it will have the ability to generate revenues to cover its operating costs. The illustration on the following slide shows that the legislature still retains control through the budgets of the funds that use the services of the internal service fund. 8-21
22 Special Topics: Internal Service Funds Legislative body General and other budgetary funds Appropriations Internal Expenditures Departments/Programs External Expenditures Proprietary funds Internal service funds Enterprise funds Employees External Contractors Suppliers 8-22
23 Special Topics: Internal Service Funds Internal service funds may be used to produce products, such as printed materials or asphalt. Depending on the type of manufacturing process, the fund should have the appropriate type of cost accounts. As in an investor-owned manufacturing environment, cost standards should be developed and variance analysis performed. 8-23
24 Special Topics: Internal Service Funds Internal service funds are also used to finance risk management, equipment purchases and operations, and other functions. Risk management internal service funds are subject to the same basic guidelines as public entity risk pools. Charges to the other funds benefiting from the risk management fund should be sufficient to cover claim expenses and may include amounts to provide a cushion for future catastrophic losses. 8-24
25 Enterprise Funds Under GASB standards, a government must report certain activities in an enterprise fund if any of the following criteria are met: The activity is financed with debt that is secured solely by a pledge of the revenues from fees and charges of an activity Laws or regulations require that the activity s costs of providing services including capital costs be recovered with fees and charges, rather than with taxes or similar revenues Pricing policies are designed to recover the costs of the activity, including capital costs 8-25
26 Enterprise Funds Enterprise funds use the accrual basis of accounting, and include all assets used in the activity, as well as any long-term debt to be serviced by the fund. Governmental business-type activities generally have investor-owned counterparts, and can take advantage of the accounting structures developed in the private sector. Public utilities are the most common example of enterprise funds. 8-26
27 Water Utility Fund A water utility fund is used to illustrate financial reporting for an enterprise fund. These funds are subject to regulations by the National Association of Regulatory Utility Commissioners (NARUC) and Federal Energy Regulatory Commission (FERC). In part because of this regulation, some unique terminology is used in accounting and financial reporting for utilities. 8-27
28 Utility Terminology Accrued Utilities Revenue Represents unbilled revenue as a result of cycle billing Restricted Assets Cash restricted for return of customer deposits Investments restricted for retirement of bonds 8-28
29 Utility Terminology Source of Supply Plant Land and land rights; structures; improvements; collecting and impounding reservoirs; lake, river, and other intakes; wells; springs; infiltration galleries; tunnels; supply mains; and other items. Customer Advances for Construction Advances received from customers to complete construction requested by customers 8-29
30 Utility Terminology Liabilities Payable from Restricted Assets Customer deposits for service Current portion of revenue bonds payable Long-term Liabilities Revenue bonds are secured by a portion of the utility s revenue General obligation bonds are also secured by the government s full faith and credit 8-30
31 Illustrative Transactions Debits Credits 1. Sales of Water ,800 Accrued Utility Revenues , Interfund Loan to Supplies Fund Noncurrent ,000 Cash , Customer Accounts Receivable ,000 Due from General Fund ,000 Sales of Water , Cash ,000 Customer Accounts Receivable , Materials and Supplies ,000 Accounts Payable ,
32 Illustrative Transactions Debits Credits 6. Source of Supply Expenses ,000 Pumping Expenses ,000 Water Treatment Expenses ,000 Transmission and Distribution Expenses ,000 Construction Work in Progress ,000 Materials and Supplies ,
33 Illustrative Transactions Debits Credits 7. Source of Supply Expenses ,200 Pumping Expenses ,700 Water Treatment Expenses ,500 Transmission and Distribution Expenses ,250 Customer Accounts Expenses ,550 Sales Expenses ,250 Administrative and General Expenses ,150 Construction Work in Progress ,400 Taxes Accrued ,800 Tax Collections Payable ,750 Cash ,
34 Illustrative Transactions Debits Credits 8. Interest on Long-term Debt ,530 Unamortized Discount Cash , Construction Work in Progress ,900 Interest on Long-term Debt , Utility Plant in Service ,000 Construction Work in Progress ,000 11a. Customer Deposits ,140 Accumulated Provision for Uncollectible Accounts... 1,270 Customer Accounts Receivable ,410 11b. Cash ,140 Cash Restricted ,
35 Illustrative Transactions Debits Credits 12a. Customer Deposits ,320 Cash Restricted ,320 12b. Cash Restricted ,525 Customer Deposits , Customer Advances for Construction ,000 Customer Accounts Receivable ,000 Capital Contributions from Customers , Accounts Payable ,200 Taxes Accrued ,500 Tax Collections Payable ,000 Cash ,
36 Illustrative Transactions Debits Credits 15. Payment in Lieu of Taxes ,000 Due to General Fund ,000 16a. Cash ,375 Cash Restricted ,125 Interest and Dividend Income ,500 16b. Net Position Unrestricted ,125 Net Position Restricted for Debt Service , Depreciation Expense ,750 Uncollectible Accounts ,980 Accrued Utility Revenues ,920 Accumulated Provision for Depreciation of Utility Plant ,750 Accumulated Provision for Uncollectible Accounts.. 3,980 Sales of Water ,
37 Illustrative Transactions Debits Credits 18a. Investments Restricted ,000 Cash ,000 Cash Restricted ,000 18b. Net Position Unrestricted ,000 Net Position Restricted for Debt Service , Cash ,500 Interfund Loan to Supplies Fund Noncurrent... 6,
38 Illustrative Transactions Debits Credits 20. Sales of Water ,120 Capital Contributions from Customers ,000 Interest and Dividend Income ,500 Source of Supply Expenses ,200 Pumping Expenses ,700 Water Treatment Expenses ,500 Transmission and Distribution Expenses ,250 Customer Account Expenses ,550 Sales Expenses ,250 Administrative and General Expenses ,150 Interest on Long-term Debt ,630 Payment in Lieu of Taxes ,000 Depreciation Expense ,750 Uncollectible Accounts ,980 Net Position Unrestricted ,
39 Illustrative Transactions Debits Credits 21a. Net Position Net Investment in Capital Assets ,280 Net Position Unrestricted ,280 21b. Net Position Unrestricted ,300 Net Position Net Investment in Capital Assets ,
40 Enterprise Fund Financial Statements An enterprise fund prepares the following financial statements: Statement of net position Statement of revenues, expenses, and changes in fund net position Statement of cash flows Enterprise funds are included in the Business-type Activities column in the government-wide financial statements 8-40
41 Looking Forward In this chapter we examined accounting and financial reporting for business-type activities of state and local governments. These activities are reported in proprietary funds, and include both internal service funds and enterprise funds. Chapter 8 discusses how agency and trust funds are used to account for a government s fiduciary activities. 8-41
Accounting for Governmental & Nonprofit Entities
Accounting for Governmental & Nonprofit Entities 17/e JACQUELINE L. RECK SUZANNE L. LOWENSOHN Copyright 2016 McGraw-Hill Education. All rights reserved. No reproduction or distribution without the prior
More informationAccounting for Governmental & Nonprofit Entities
Accounting for Governmental & Nonprofit Entities 17/e JACQUELINE L. RECK SUZANNE L. LOWENSOHN Copyright 2016 McGraw-Hill Education. All rights reserved. No reproduction or distribution without the prior
More informationAccounting for Governmental & Nonprofit Entities
Accounting for Governmental & Nonprofit Entities 17/e JACQUELINE L. RECK SUZANNE L. LOWENSOHN Copyright 2016 McGraw-Hill Education. All rights reserved. No reproduction or distribution without the prior
More informationAccounting for Governmental & Nonprofit Entities
Accounting for Governmental & Nonprofit Entities 17/e JACQUELINE L. RECK SUZANNE L. LOWENSOHN Copyright 2016 McGraw-Hill Education. All rights reserved. No reproduction or distribution without the prior
More informationAccounting for Governmental & Nonprofit Entities
Accounting for Governmental & Nonprofit Entities 17/e JACQUELINE L. RECK SUZANNE L. LOWENSOHN Copyright 2016 McGraw-Hill Education. All rights reserved. No reproduction or distribution without the prior
More informationTotal Assets 4,945,738
Web-GAAP Training School District Initial Year Governmental Fund Trial Balance For the Fiscal Year Ended June 30, 2000 Balance Sheet Debit Credit Fund: General ASSETS: Equity in Pooled Cash and Cash Equivalents
More informationAccounting for Governmental Operating Activities Illustrative Transactions and Financial Statements
Chapter 4 Accounting for Governmental Operating Activities Illustrative Transactions and Financial Statements McGraw-Hill/Irwin Copyright 2010 by The McGraw-Hill Companies, Inc. All rights reserved. Governmental
More informationNONMAJOR ENTERPRISE FUNDS
NONMAJOR ENTERPRISE FUNDS The accrual basis of accounting is used for Funds. The cost of providing services to the general public is financed or recovered primarily through user charges. Airport Accounts
More informationSolution to Chapter 18 E18 1,2,3,4,6,7,11, P18 13
Solution to Chapter 18 E18 1,2,3,4,6,7,11, P18 13 E18-1 Multiple-Choice Questions on Government Financial Reporting 1. a 2. d 3. b 4. a 5. a 6. b 7. a $8,839,000 = assets of $14,839,000 minus liabilities
More informationIntroduction to Fund Accounting
Classification of of Nonbusiness Organizations Introduction to Accounting for nonbusiness organizations. Five Major Classifications 1. Governmental units. 2. Hospitals and other health care providers.
More informationCITY OF FARGO, NORTH DAKOTA STATEMENT OF NET ASSETS DECEMBER 31, 2006
STATEMENT OF NET ASSETS Governmental Business-type Activities Activities Total ASSETS Cash $ 263,797 $ 1,267,834 $ 1,531,631 Investments 17,862,776 998,958 18,861,734 Equity in pooled cash and investments
More informationCity of Bingham. Cumulative Problem. For use with McGraw-Hill/Irwin Accounting for Governmental and Nonprofit Entities, 13 th Edition
City of Bingham Cumulative Problem For use with McGraw-Hill/Irwin Accounting for Governmental and Nonprofit Entities, 13 th Edition By Earl R. Wilson and Susan C. Kattelus Table of Contents Foreword 1
More informationCITY OF DES MOINES, IOWA STATEMENT OF NET ASSETS PROPRIETARY FUNDS June 30, 2012
CITY OF DES MOINES, IOWA STATEMENT OF NET ASSETS PROPRIETARY FUNDS June 30, 2012 BUSINESS-TYPE ACTIVITIES - SEWER AIRPORT PARKING SYSTEM ASSETS Current assets: Unrestricted current assets: Cash and pooled
More informationCITY OF DES MOINES, IOWA STATEMENT OF NET POSITION PROPRIETARY FUNDS June 30, 2016
CITY OF DES MOINES, IOWA STATEMENT OF NET POSITION PROPRIETARY FUNDS June 30, 2016 ASSETS BUSINESS-TYPE ACTIVITIES - ENTERPRISE FUNDS PARKING FACILITIES SEWER STORMWATER SYSTEM SYSTEM UTILITY Current assets:
More informationSaginaw-Midland Municipal. Water Supply Corporation
Saginaw-Midland Municipal Water Supply Corporation Financial Statements Table of Contents Section Page 1 Independent Auditors Report 1 2 Management s Discussion and Analysis 4 3 Basic Financial Statements
More informationCITY OF DES MOINES, IOWA STATEMENT OF NET POSITION PROPRIETARY FUNDS June 30, 2017
CITY OF DES MOINES, IOWA STATEMENT OF NET POSITION PROPRIETARY FUNDS June 30, 2017 BUSINESS-TYPE ACTIVITIES - ENTERPRISE FUNDS PARKING FACILITIES SEWER STORMWATER SYSTEM SYSTEM UTILITY ASSETS Current assets:
More informationBasic Financial Statements and Report of Independent Certified Public Accountants City of Dallas, Texas Dallas Water Utilities (An Enterprise Fund of
Basic Financial Statements and Report of Independent Certified Public Accountants City of Dallas, Texas September 30, 2016 FINANCIAL STATEMENTS For Fiscal Year Ended September 30, 2016 TABLE OF CONTENTS
More informationCITY OF DES MOINES, IOWA STATEMENT OF NET POSITION PROPRIETARY FUNDS June 30, 2018
CITY OF DES MOINES, IOWA STATEMENT OF NET POSITION PROPRIETARY FUNDS June 30, 2018 ASSETS PARKING FACILITIES SEWER STORMWATER SYSTEM SYSTEM UTILITY Current assets: Unrestricted current assets: Cash and
More informationStatements of Net Position - Business - Type Activities South Carolina Public Service Authority As of March 31, 2018 and December 31, 2017
Statements of Net Position - Business - Type Activities As of March 31, 2018 and December 31, 2017 ASSETS Current assets Unrestricted cash and cash equivalents $ 207,610 $ 731,758 Unrestricted investments
More informationStatements of Net Position - Business - Type Activities South Carolina Public Service Authority As of September 30, 2018 and December 31, 2017
Statements of Net Position - Business - Type Activities As of September 30, 2018 and December 31, 2017 ASSETS Current assets Unrestricted cash and cash equivalents $ 315,796 $ 731,758 Unrestricted investments
More informationTOWN OF JUPITER ISLAND, FLORIDA REPORT ON AUDIT OF FINANCIAL STATEMENTS AND SUPPLEMENTARY FINANCIAL INFORMATION
TOWN OF JUPITER ISLAND, FLORIDA REPORT ON AUDIT OF FINANCIAL STATEMENTS AND SUPPLEMENTARY FINANCIAL INFORMATION FOR THE YEAR ENDED SEPTEMBER 30, 2017 TOWN OF JUPITER ISLAND, FLORIDA AUDITED FINANCIAL STATEMENTS
More informationChapter Nineteen. Governmental Entities: Proprietary Funds, Fiduciary Funds, and Comprehensive Annual Financial Report PROPRIETARY FUNDS
Chapter Nineteen Governmental Entities: Comprehensive Annual Financial Report Scope of Chapter In this chapter, the coverage of accounting and reporting for governmental entities is completed with the
More informationCITY OF DES MOINES, IOWA STATEMENT OF NET POSITION PROPRIETARY FUNDS June 30, 2015
CITY OF DES MOINES, IOWA STATEMENT OF NET POSITION PROPRIETARY FUNDS June 30, 2015 BUSINESS-TYPE ACTIVITIES - ENTERPRISE FUNDS PARKING FACILITIES SEWER STORMWATER SYSTEM SYSTEM UTILITY ASSETS Current assets:
More informationRiver Valley Technical Center
Audited Financial Statements and Other Financial Information River Valley Technical Center June 30, 2018 Proven Expertise and Integrity CONTENTS PAGE INDEPENDENT AUDITORS' REPORT 1-3 MANAGEMENT S DISCUSSION
More informationCITY OF DES MOINES, IOWA COMBINING STATEMENT OF NET ASSETS NONMAJOR ENTERPRISE FUNDS June 30, 2011
COMBINING STATEMENT OF NET ASSETS NONMAJOR ENTERPRISE FUNDS June 30, 2011 ASSETS SOLID GOLF WASTE COURSES SYSTEM TOTALS Current assets: Unrestricted current assets: Cash and pooled cash investments $ 4,500
More informationEssentials of Accounting for Governmental and Not-for-Profit Organizations
Essentials of Accounting for Governmental and Not-for-Profit Organizations Tenth Edition Paul A. Copley, Ph. D., CPA KPMG Professor Director, School of Accounting James Madison University Me Graw Hill
More informationMI Connection Communications System (A North Carolina Interlocal Agency)
MI Connection Communications System (A North Carolina Interlocal Agency) Financial Statements For the Year Ended June 30, 2014 TABLE OF CONTENTS Page No. INDEPENDENT AUDITORS REPORT... 1 MANAGEMENT'S DISCUSSION
More informationGovernmental Activities
Statement of Net Position June 30, 2015 Activities Business-type Activities Total Component Unit Housing and Community Services Agency Assets Current assets Cash and Investments $ 164,721,343 $ 25,551,358
More informationTOWN OF JUPITER ISLAND, FLORIDA. Audited Financial Statements And Supplementary Financial Information
TOWN OF JUPITER ISLAND, FLORIDA Audited Financial Statements And Supplementary Financial Information SEPTEMBER 30, 2013 TOWN OF JUPITER ISLAND, FLORIDA AUDITED FINANCIAL STATEMENTS AND SUPPLEMENTARY FINANCIAL
More informationMARQUETTE COUNTY Montello, Wisconsin
Montello, Wisconsin FINANCIAL STATEMENTS Including Independent Auditors Report TABLE OF CONTENTS INDEPENDENT AUDITORS REPORT MANAGEMENT S DISCUSSION AND ANALYSIS i iii iv xiv BASIC FINANCIAL STATEMENTS
More informationVILLAGE OF RICHMOND, ILLINOIS ANNUAL FINANCIAL REPORT
VILLAGE OF RICHMOND, ILLINOIS ANNUAL FINANCIAL REPORT FOR THE FISCAL YEAR ENDED APRIL 30, 2015 VILLAGE OF RICHMOND TABLE OF CONTENTS APRIL 30, 2015 PAGE INDEPENDENT AUDITOR S REPORT 1 REQUIRED SUPPLEMENTARY
More informationCITY OF INGLEWOOD BASIC FINANCIAL STATEMENTS AND SUPPLEMENTAL INFORMATION FOR THE YEAR ENDED SEPTEMBER 30, 2015
BASIC FINANCIAL STATEMENTS AND SUPPLEMENTAL INFORMATION FOR THE YEAR ENDED SEPTEMBER 30, 2015 BASIC FINANCIAL STATEMENTS AND SUPPLEMENTAL INFORMATION FOR THE YEAR ENDED SEPTEMBER 30, 2015 THIS PAGE INTENTIONALLY
More informationInternal Service Funds
Internal Service Funds Internal Service Funds Summary Internal Service Funds account for the financing of goods or services provided by one department or agency to other departments or agencies throughout
More informationTOTAL ASSETS 99,436, ,019, ,456,247
CITY OF CHASKA, MINNESOTA STATEMENT OF NET ASSETS DECEMBER 31, 2006 ASSETS GOVERNMENTAL BUSINESS-TYPE ACTIVITIES ACTIVITIES TOTAL Cash And Investments $ 17,458,936 $ 5,691,074 $ 23,150,010 Receivables:
More informationTOWN OF PLAINFIELD, CONNECTICUT
FINANCIAL REPORT JUNE 30, 2009 McGladrey & Pullen, LLP is a member firm of RSM International, an affiliation of separate and independent legal entities. COMPREHENSIVE ANNUAL FINANCIAL REPORT TABLE OF
More informationVILLAGE OF WEST BARABOO, WISCONSIN FINANCIAL STATEMENTS WITH INDEPENDENT AUDITOR'S REPORT. Year Ended December 31, 2011
FINANCIAL STATEMENTS WITH INDEPENDENT AUDITOR'S REPORT Year Ended December 31, 2011 Johnson Block & Company, Inc. Certified Public Accountants 1315 Bad Axe Court; P.O. Box 271 Viroqua, Wisconsin 54665
More informationTOWNSHIP OF TYRONE LIVINGSTON COUNTY, MICHIGAN ANNUAL FINANCIAL REPORT YEAR ENDED MARCH 31, 2018
TOWNSHIP OF TYRONE LIVINGSTON COUNTY, MICHIGAN ANNUAL FINANCIAL REPORT YEAR ENDED MARCH 31, 2018 TABLE OF CONTENTS INDEPENDENT AUDITOR'S REPORT 1 MANAGEMENT S DISCUSSION AND ANALYSIS 5 BASIC FINANCIAL
More informationLet s look at how the term is used. Chapter 2 Granof-4e 3
Chapter 2 1 Chapter 2 2 Let s look at how the term is used Chapter 2 Granof-4e 3 May refer to working capital (current net assets) May refer to cash or investments available (bond sinking fund) May have
More informationMARPLE NEWTOWN SCHOOL DISTRICT FINANCIAL STATEMENTS AND SINGLE AUDIT. For the Year Ended June 30, 2016
FINANCIAL STATEMENTS AND SINGLE AUDIT For the Year Ended June 30, 2016 TABLE OF CONTENTS Page INDEPENDENT AUDITOR S REPORT 1 MANAGEMENT S DISCUSSION AND ANALYSIS (Unaudited) 4 BASIC FINANCIAL STATEMENTS
More informationCHARTER TOWNSHIP OF COMMERCE OAKLAND COUNTY, MICHIGAN FINANCIAL STATEMENTS FOR THE YEAR ENDED DECEMBER 31, 2016 AND INDEPENDENT AUDITORS REPORT
OAKLAND COUNTY, MICHIGAN FINANCIAL STATEMENTS FOR THE YEAR ENDED DECEMBER 31, 2016 AND INDEPENDENT AUDITORS REPORT C O N T E N T S PAGE INDEPENDENT AUDITORS REPORT 1-2 MANAGEMENT'S DISCUSSION AND ANALYSIS
More informationCITY OF MUSKEGO WATER PUBLIC UTILITY
WATER PUBLIC UTILITY Muskego, Wisconsin FINANCIAL STATEMENTS WATER PUBLIC UTILITY TABLE OF CONTENTS Independent Auditors Report 1 Financial Statements Statements of Net Assets 2 3 Statements Revenues,
More informationSTATE OF NEW MEXICO CIBOLA COUNTY FINANCIAL STATEMENT WITH INDEPENDENT AUDITORS REPORT THEREON FOR THE FISCAL YEAR ENDED JUNE 30, 2015
Harshwal & Company LLP Certified Public Accountants 6739 Academy Road NE, Suite 130 Albuquerque, NM 87109 (505) 814-1201 FINANCIAL STATEMENT WITH INDEPENDENT AUDITORS REPORT THEREON FOR THE FISCAL YEAR
More informationCLASS "A" OR "B" WATER AND/OR WASTEWATER UTILITIES (Gross Revenue of More Than $200,000 Each) ANNUAL REPORT. Exact Legal Name of Respondent
CLASS "A" OR "B" WATER AND/OR WASTEWATER UTILITIES (Gross Revenue of More Than $200,000 Each) ANNUAL REPORT OF Exact Legal Name of Respondent Certificate Number(s) Submitted To The CHARLOTTE COUNTY GOVERNMENT
More informationPERRIS PUBLIC UTILITY AUTHORITY FINANCIAL STATEMENTS. Year Ended June 30, 2009
PERRIS PUBLIC UTILITY AUTHORITY FINANCIAL STATEMENTS Annual Audit Report TABLE OF CONTENTS PAGE INDEPENDENT AUDITORS' REPORT 1 BASIC FINANCIAL STATEMENTS Statement of Net Assets 2 Statement of Revenues,
More informationBASIC FINANCIAL STATEMENTS
BASIC FINANCIAL STATEMENTS 29 City of Grand Junction STATEMENT OF NET POSITION December 31, 2017 Component Primary Government Unit Governmental Activities Business-type Activities Total Downtown Development
More informationCLINTON CITY BASIC FINANCIAL STATEMENTS AND REQUIRED SUPPLEMENTARY INFORMATION WITH INDEPENDENT AUDITOR'S REPORTS YEAR ENDED JUNE 30, 2018
BASIC FINANCIAL STATEMENTS AND REQUIRED SUPPLEMENTARY INFORMATION WITH INDEPENDENT AUDITOR'S REPORTS YEAR ENDED TABLE OF CONTENTS Independent Auditors Report... 1-2 Management s Discussion and Analysis...
More informationCITY OF DES MOINES, IOWA COMBINING STATEMENT OF NET ASSETS SCHEDULE ALL PARKING ACCOUNTS June 30, 2012
COMBINING STATEMENT OF NET ASSETS SCHEDULE ALL PARKING ACCOUNTS June 30, 2012 ASSETS PARK AND PARKING RIDE TOTALS Current assets: Unrestricted current assets: Cash and pooled cash investments $ 1,294,964
More informationSHAWANO COUNTY Shawano, Wisconsin
Shawano, Wisconsin FINANCIAL STATEMENTS Including Independent Auditors Report TABLE OF CONTENTS Independent Auditors' Report i iii Basic Financial Statements Statement of Net Position 1 Statement of Activities
More informationCITY OF EAST GRAND RAPIDS, MICHIGAN FINANCIAL STATEMENTS FOR THE YEAR ENDED JUNE
, MICHIGAN FINANCIAL STATEMENTS Vredeveld Haefner LLC TABLE OF CONTENTS FINANCIAL SECTION PAGE Independent Auditors Report 1-2 Management s Discussion and Analysis 3-8 Basic Financial Statements Government-wide
More informationCITY OF MUSKEGO WATER PUBLIC UTILITY
Muskego, Wisconsin FINANCIAL STATEMENTS Including Independent Auditors' Report December 31, 2010 and 2009 TABLE OF CONTENTS December 31,2010 and 2009 Independent Auditors' Report 1 Financial Statements
More informationFinancial Statements June 30, 2017 and 2016 Utah Municipal Power Agency
Financial Statements Utah Municipal Power Agency www.eidebailly.com Table of Contents Independent Auditor s Report... 1 Management s Discussion and Analysis... 3 Financial Statements Statements of Net
More informationAccounting 4070 Test 2a Row Section
Accounting 4070 Test 2a Name Row Section I. Multiple Choice. (2 points each, 30 points total) Read the following questions carefully and indicate your answer by circling the letter preceding the one best
More informationCITY OF CHILTON, WISCONSIN ANNUAL FINANCIAL REPORT DECEMBER 31, 2012
ANNUAL FINANCIAL REPORT DECEMBER 31, 2012 December 31, 2012 Table of Contents Page No. INDEPENDENT AUDITORS REPORT 1-2 MANAGEMENT S DISCUSSION AND ANALYSIS 3-8 GOVERNMENT-WIDE FINANCIAL STATEMENTS Statement
More informationCITY OF WAUPACA, WISCONSIN AUDITED FINANCIAL STATEMENTS. Including Independent Auditor s Report. As of and for the year ended December 31, 2017
CITY OF WAUPACA, WISCONSIN AUDITED FINANCIAL STATEMENTS Including Independent Auditor s Report As of and for the year ended Johnson Block and Company, Inc. Certified Public Accountants 2500 Business Park
More informationTHE COMMISSIONERS OF LEONARDTOWN LEONARDTOWN, MARYLAND FINANCIAL STATEMENTS AND INDEPENDENT AUDITORS REPORT. For the Year Ended June 30, 2018
LEONARDTOWN, MARYLAND FINANCIAL STATEMENTS AND INDEPENDENT AUDITORS REPORT For the Year Ended Table of Contents Page Number INDEPENDENT AUDITORS REPORT 1-3 MANAGEMENT S DISCUSSION AND ANALYSIS 4-13 FINANCIAL
More informationSUMMARIES / STATUS SUMMARY OF STATEMENT NO. 34 BASIC FINANCIAL STATEMENTS AND MANAGEMENT'S DISCUSSION AND ANALYSIS FOR STATE AND LOCAL GOVERNMENTS
GASB Home STANDARDS & GUIDANCE Pr onouncem ents SUMMARY OF STATEMENT NO. 34 SUMMARIES / STATUS SUMMARY OF STATEMENT NO. 34 BASIC FINANCIAL STATEMENTS AND MANAGEMENT'S DISCUSSION AND ANALYSIS FOR STATE
More informationFINANCIAL SECTION. Financial Section
FINANCIAL SECTION Financial Section GENERAL PURPOSE FINANCIAL STATEMENTS Silverdale Waterfront Park General Purpose Financial Statements KITSAP COUNTY, WASHINGTON GENERAL PURPOSE FINANCIAL STATEMENTS
More informationCITY OF FLORENCE, ALABAMA ELECTRICITY, GAS, AND WATER AND WASTEWATER DEPARTMENTS. FINANCIAL STATEMENTS JUNE 30, 2007 and 2006
ELECTRICITY, GAS, AND WATER AND WASTEWATER DEPARTMENTS FINANCIAL STATEMENTS JUNE 30, 2007 and 2006 ELECTRICITY, GAS, AND WATER AND WASTEWATER DEPARTMENTS TABLE OF CONTENTS Independent Auditors Report 1
More informationSWEETWATER COUNTY, WYOMING
FINANCIAL AND COMPLIANCE REPORT JUNE 30, 2017 CONTENTS INDEPENDENT AUDITOR S REPORT 1 and 2 MANAGEMENT S DISCUSSION AND ANALYSIS 3-11 (Required Supplementary Information) BASIC FINANCIAL STATEMENTS Government-Wide
More informationWastewater and Surface Water Management Financial Report November 2014
Wastewater and Surface Water Management Financial Report November 2014 City of Tacoma Environmental Services Prepared by Eun Joo Ebenhoh Table of Contents Management s Discussion and Analysis... 3 Joint
More informationBLOOMINGTON-NORMAL AIRPORT AUTHORITY OF MCLEAN COUNTY, ILLINOIS FINANCIAL STATEMENTS AND INDEPENDENT AUDITOR S REPORT.
OF MCLEAN COUNTY, ILLINOIS FINANCIAL STATEMENTS AND INDEPENDENT AUDITOR S REPORT April 30, 2015 OF MCLEAN COUNTY, ILLINOIS TABLE OF CONTENTS Page(s) INDEPENDENT AUDITOR S REPORT... 1-3 MANAGEMENT S DISCUSSION
More informationCITY OF AURORA, ILLINOIS AURORA PUBLIC LIBRARY
ANNUAL FINANCIAL REPORT For the Year Ended December 31, 2017 TABLE OF CONTENTS Page(s) INDEPENDENT AUDITOR S REPORT... 1-2 GENERAL PURPOSE EXTERNAL FINANCIAL STATEMENTS Management s Discussion and Analysis...
More informationCITY OF AVENAL CALIFORNIA
CALIFORNIA FINANCIAL STATEMENTS FOR THE YEAR ENDED JUNE 30, 2014 JUNE 30, 2014 TABLE OF CONTENTS INDEPENDENT AUDITOR S REPORT...1 BASIC FINANCIAL STATEMENTS: Government-Wide Financial Statements: Statement
More informationTown of Ferriday, Louisiana
Town of Ferriday, Louisiana Annual Financial Statements As of June 30, 2004 and for the Year then Ended Release Date /-. JERI SUETOSSPON Certified Public Accountant RECEIVED : 05 Town of Ferriday, Louisiana
More informationSONOMA VALLEY COUNTY SANITATION DISTRICT (A Component Unit of the County of Sonoma)
SONOMA VALLEY COUNTY SANITATION DISTRICT (A Component Unit of the County of Sonoma) Independent Auditors' Report, Management's Discussion and Analysis and Basic Financial Statements For the Fiscal Year
More informationBASIC FINANCIAL STATEMENTS. Government Wide Financial Statements
BASIC FINANCIAL STATEMENTS Government Wide Financial Statements This page intentionally left blank. - 14 - STATEMENT OF NET POSITION JUNE 30, 2014 ASSETS Governmental Activities Business-type Activities
More informationTown of Wellington, Colorado. Financial Statements and Supplementary Information For the Year Ended December 31, 2017
, Colorado Financial Statements and Supplementary Information For the Year Ended December 31, 2017 < Contents Independent Auditor s Report 1-2 Management s Discussion and Analysis 3-15 Basic Financial
More informationCHARTER TOWNSHIP OF PORTAGE HOUGHTON COUNTY, MICHIGAN. REPORT ON FINANCIAL STATEMENTS (with required supplementary and additional information)
HOUGHTON COUNTY, MICHIGAN REPORT ON FINANCIAL STATEMENTS (with required supplementary and additional information) December 31, 2011 DECEMBER 31, 2011 ELECTED OFFICIALS Supervisor... Clerk... Treasurer...
More informationTOWN OF SHARON FINANCIAL STATEMENTS AND SUPPLEMENTARY SCHEDULES. Year Ended June 30, 2011
FINANCIAL STATEMENTS AND SUPPLEMENTARY SCHEDULES Year Ended June 30, 2011 BAUDE & ROLFE, P.C. CERTIFIED PUBLIC ACCOUNTANTS 35 Huntington Street New London, CT 06320 TABLE OF CONTENTS INDEPENDENT AUDITOR
More informationCLINTON COMMUNITY SCHOOL DISTRICT
CLINTON COMMUNITY SCHOOL DISTRICT AUDITED FINANCIAL STATEMENTS JUNE 30, 2015 James R. Frechette CERTIFIED PUBLIC ACCOUNTANT June 30, 2015 TABLE OF CONTENTS Independent Auditor s Report 1-2 Basic Financial
More informationDEPARTMENT OF EDUCATION LEA Financial System Combined Balance Sheet -- All Fund Types and Account Groups For Fiscal Year 2017, Fiscal Period 11
Combined Balance Sheet -- All Fund Types and Account Groups Exhibit F-I-A GOVERNMENTAL PROPRIETARY FIDUCIARY ACCOUNT Special Debt Capital Enterp/ GROUPS Description General Revenue Service Projects Internal
More informationSTATE OF NEW MEXICO CARLSBAD IRRIGATION DISTRICT ANNUAL FINANCIAL REPORT
CARLSBAD IRRIGATION DISTRICT ANNUAL FINANCIAL REPORT OCTOBER 31, 2009 INTRODUCTORY SECTION Table of Contents Exhibit Page INTRODUCTORY SECTION Table of Contents 4-5 Official Roster 6 FINANCIAL SECTION
More informationTABLE OF CONTENTS. Page INDEPENDENT AUDITOR'S REPORT 1 MANAGEMENT S DISCUSSION AND ANALYSIS 4 BASIC FINANCIAL STATEMENTS
VILLAGE OF BEAR LAKE, MICHIGAN ANNUAL FINANCIAL REPORT YEAR ENDED FEBRUARY 28, 2018 TABLE OF CONTENTS INDEPENDENT AUDITOR'S REPORT 1 MANAGEMENT S DISCUSSION AND ANALYSIS 4 BASIC FINANCIAL STATEMENTS Government-wide
More informationBROWARD COUNTY, FLORIDA WATER AND WASTEWATER FUND A Major Fund of Broward County, Florida
BROWARD COUNTY, FLORIDA WATER AND WASTEWATER FUND A Major Fund of Broward County, Florida Special Purpose Financial Statements Years Ended September 30, 2012 and 2011 BROWARD COUNTY, FLORIDA WATER AND
More informationTOWN OF LEE, MASSACHUSETTS. Financial Statements and Supplementary Information. June 30, Independent Auditors' Report 3-4
TOWN OF LEE, MASSACHUSETTS Financial Statements and Supplementary Information June 30, 2016 Independent Auditors' Report 3-4 Management s Discussion and Analysis 5 Government-Wide Financial Statements
More informationCity of Wyandotte, Michigan Department of Municipal Service. Financial Report September 30, 2012
Financial Report Contents Report Letter 1-2 Management s Discussion and Analysis 3-6 Basic Financial Statements Statement of Net Assets 7 Statement of Revenue, Expenses, and Changes in Net Assets 8 Statement
More informationNonmajor Governmental Funds
Nonmajor Governmental Funds Special Revenue Funds Special revenue funds are used to account for specific revenues that are legally restricted to expenditures for particular purposes. Special Programs Fund
More informationDEPARTMENT OF EDUCATION LEA
Combined Balance Sheet -- All Fund Types and Account Groups Exhibit F-I-A GOVERNMENTAL PROPRIETARY FIDUCIARY ACCOUNT Special Debt Capital Enterp/ GROUPS Description General Revenue Service Projects Internal
More informationDEPARTMENT OF EDUCATION LEA
Combined Balance Sheet -- All Fund Types and Account Groups Exhibit F-I-A GOVERNMENTAL PROPRIETARY FIDUCIARY ACCOUNT Special Debt Capital Enterp/ GROUPS Description General Revenue Service Projects Internal
More informationCity of Chicago Department of Water Management Water Fund Comprehensive Annual Financial Report For the Years Ended December 31, 2016 and 2015
City of Chicago Department of Water Management Water Fund Comprehensive Annual Financial Report For the Years Ended December 31, 2016 and 2015 Rahm Emanuel, Mayor Carole L. Brown, Chief Financial Officer
More informationLEE COUNTY SCHOOL DISTRICT BISHOPVILLE, SOUTH CAROLINA
BISHOPVILLE, SOUTH CAROLINA BASIC FINANCIAL STATEMENTS AND SUPPLEMENTAL INFORMATION FISCAL YEAR ENDED JUNE 30, 2013 TABLE OF CONTENTS JUNE 30, 2013 FINANCIAL SECTION: PAGE Independent Auditor s Report...
More informationBASIC FINANCIAL STATEMENTS
BASIC FINANCIAL STATEMENTS COUNTY OF WELD Statement of Net Assets December 31, 2008 Primary Government Governmental Business-type Activities Activities Total Component Units Housing Authority E-911 Authority
More informationAUDITED FINANCIAL STATEMENTS
VILLAGE OF JACKSON AUDITED FINANCIAL STATEMENTS DECEMBER 31, 2016 James R. Frechette CERTIFIED PUBLIC ACCOUNTANT TABLE OF CONTENTS Table of Contents Page Independent Auditor s Report 1-2 Basic Financial
More informationCITY OF ROLLING HILLS, CALIFORNIA FINANCIAL STATEMENTS FOR THE FISCAL YEAR ENDED JUNE 30, 2017
, CALIFORNIA FINANCIAL STATEMENTS FOR THE FISCAL YEAR ENDED JUNE 30, 2017 PREPARED BY: THE CITY OF ROLLING HILLS, CALIFORNIA FINANCIAL SERVICES DEPARTMENT THIS PAGE INTENTIONALLY LEFT BLANK FINANCIAL STATEMENTS
More informationAudited Financial Statements and Required Supplementary Information. City of Perry. Year Ended June 30, 2016 with Report of Independent Auditors
Audited Financial Statements and Required Supplementary Information City of Perry Year Ended with Report of Independent Auditors Audited Financial Statements and Required Supplementary Information Year
More informationCITY OF GLENCOE, MINNESOTA FINANCIAL STATEMENTS AND SUPPLEMENTARY INFORMATION YEAR ENDED DECEMBER 31, 2008
FINANCIAL STATEMENTS AND SUPPLEMENTARY INFORMATION YEAR ENDED TABLE OF CONTENTS INTRODUCTORY SECTION CITY OFFICIALS 1 FINANCIAL SECTION INDEPENDENT AUDITORS REPORT 2 BASIC FINANCIAL STATEMENTS GOVERNMENT-WIDE
More informationTOWN OF WINDSOR LOCKS, CONNECTICUT
step forward TOWN OF WINDSOR LOCKS, CONNECTICUT FINANCIAL STATEMENTS TABLE OF CONTENTS Exhibit Independent Auditors Report 1-3 Management s Discussion and Analysis 4-11 Basic Financial Statements: Government-Wide
More informationPERRIS PUBLIC UTILITY AUTHORITY FINANCIAL STATEMENTS. Year Ended June 30, 2011
PERRIS PUBLIC UTILITY AUTHORITY FINANCIAL STATEMENTS Annual Audit Report TABLE OF CONTENTS PAGE INDEPENDENT AUDITORS' REPORT 1 BASIC FINANCIAL STATEMENTS Statement of Net Assets 2 Statement of Revenues,
More informationCITY OF LEVELLAND, TEXAS ANNUAL FINANCIAL REPORT FOR THE YEAR ENDED SEPTEMBER 30, 2017 AND REPORT OF CERTIFIED PUBLIC ACCOUNTANTS
ANNUAL FINANCIAL REPORT FOR THE YEAR ENDED SEPTEMBER 30, 2017 AND REPORT OF BOLINGER, SEGARS, GILBERT & MOSS, L.L.P. LUBBOCK, TEXAS ANNUAL FINANCIAL REPORT FOR THE YEAR ENDED SEPTEMBER 30, 2017 AND REPORT
More informationLAKE SHASTINA COMMUNITY SERVICES DISTRICT FINANCIAL STATEMENTS JUNE 30, 2016
LAKE SHASTINA COMMUNITY SERVICES DISTRICT FINANCIAL STATEMENTS JUNE 30, 2016 LAKE SHASTINA COMMUNITY SERVICES DISTRICT FINANCIAL STATEMENTS June 30, 2016 TABLE OF CONTENTS Page FINANCIAL SECTION: Independent
More informationFountain Valley Authority (A Component Unit of the City of Colorado Springs, Colorado)
(A Component Unit of the City of Colorado Springs, Colorado) Financial Statements and Report of Independent Certified Public Accountants (A Component Unit of the City of Colorado Springs, Colorado) Financial
More informationHEARD COUNTY, GEORGIA
HEARD COUNTY, GEORGIA FINANCIAL REPORT FOR THE YEAR ENDED JUNE 30, 2011 HEARD COUNTY, GEORGIA FINANCIAL REPORT FOR THE YEAR ENDED JUNE 30, 2011 TABLE OF CONTENTS INDEPENDENT AUDITOR S REPORT 1 BASIC FINANCIAL
More informationSONOMA VALLEY COUNTY SANITATION DISTRICT (A Component Unit of the County of Sonoma) Independent Auditor s Reports, Management s Discussion and
. SONOMA VALLEY COUNTY SANITATION DISTRICT (A Component Unit of the County of Sonoma) Independent Auditor s Reports, Management s Discussion and Analysis and Basic Financial Statements For the Fiscal Year
More informationThe City of Crystal City, Missouri. Financial Statements, Independent Auditor's Reports, and Supplementary Information.
The City of Crystal City, Missouri Financial Statements, Independent Auditor's Reports, and Supplementary Information March 31, 2018 The City of Crystal City, Missouri Table of Contents Financial Section
More informationCITY OF GLENCOE, MINNESOTA FINANCIAL STATEMENTS AND SUPPLEMENTARY INFORMATION YEAR ENDED DECEMBER 31, 2014
FINANCIAL STATEMENTS AND SUPPLEMENTARY INFORMATION YEAR ENDED DECEMBER 31, 2014 TABLE OF CONTENTS DECEMBER 31, 2014 INTRODUCTORY SECTION1 CITY OFFICIALS 1 FINANCIAL SECTION2 INDEPENDENT AUDITORS REPORT
More informationUniform Massachusetts Accounting System
Uniform Massachusetts Accounting System July, 2013 Massachusetts Department of Revenue Division of Local Services Amy A. Pitter, Commissioner Robert G. Nunes, Deputy Commissioner & Director of Municipal
More informationThe Town of Summerdale Summerdale, Alabama
The Town of Summerdale Summerdale, Alabama Annual Financial Report For the Fiscal Year Ended September 30, 2012 Vance CPA LLC Certified Public Accountant 832 Snow St., Suite B Oxford, Alabama 36203 Tel.
More informationCITY OF LEWISTON, IDAHO
COMPREHENSIVE ANNUAL FINANCIAL REPORT For the Fiscal Year Ended September 30, 2016 Prepared by: Administrative Support Services Daniel J. Marsh Administrative Services Director COMPREHENSIVE ANNUAL FINANCIAL
More informationIntroduction to Accounting. Christi Schaefbauer, CPA, SFO Instructor
Introduction to Accounting Christi Schaefbauer, CPA, SFO Instructor About the Instructor - Certified Public Accountant for 16 years - 6 years in public accounting (auditing, financial reporting & taxes)
More informationBannon Lakes Community Development District ANNUAL FINANCIAL REPORT. September 30, 2017
Bannon Lakes Community Development District ANNUAL FINANCIAL REPORT September 30, 2017 ANNUAL FINANCIAL REPORT Fiscal Year Ended September 30, 2017 TABLE OF CONTENTS Page Number REPORT OF INDEPENDENT AUDITORS
More information