COMMUNITY RESOURCE CENTER FOR THE DEVELOPMENTALLY DISABLED, INC. FINANCIAL STATEMENTS YEAR ENDED JUNE 30, 2016

Save this PDF as:
 WORD  PNG  TXT  JPG

Size: px
Start display at page:

Download "COMMUNITY RESOURCE CENTER FOR THE DEVELOPMENTALLY DISABLED, INC. FINANCIAL STATEMENTS YEAR ENDED JUNE 30, 2016"

Transcription

1 COMMUNITY RESOURCE CENTER FOR THE FINANCIAL STATEMENTS YEAR ENDED JUNE 30, 2016

2 COMMUNITY RESOURCE CENTER FOR THE JUNE 30, 2016 Table of Contents Independent Auditor s Report 1-2 Financial Statements Statement of Financial Position 3-4 Statement of Activities 5 Statement of Functional Expenses 6 Statement of Cash Flows 7 Notes to Financial Statements 8-15 Independent Auditor s Report on Internal Control Over Financial Reporting and on Compliance and Other Matters based on an Audit of Financial Statements Performed in Accordance with Government Auditing Standards Schedule of Findings and Questioned Costs 18-19

3 Independent Auditor s Report To the Board of Directors Community Resource Center for the Developmentally Disabled, Inc. Bronx, New York We have audited the accompanying financial statements of Community Resource Center for the Developmentally Disabled, Inc., which comprise the statement of financial position as of June 30, 2016, and the related statements of activities, functional expenses and cash flows for the year then ended, and the related notes to the financial statements. Management s Responsibility for the Financial Statements Management is responsible for the preparation and fair presentation of these financial statements in accordance with accounting principles generally accepted in the United States of America; this includes the design, implementation, and maintenance of internal control relevant to the preparation and fair presentation of financial statements that are free from material misstatement, whether due to fraud or error. Auditor s Responsibility Our responsibility is to express an opinion on these financial statements based on our audit. We conducted our audit in accordance with auditing standards generally accepted in the United States of America and the standards applicable to financial audits contained in Government Auditing Standards, issued by the Comptroller General of the United States. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free from material misstatement. An audit involves performing procedures to obtain audit evidence about the amounts and disclosures in the financial statements. The procedures selected depend on the auditor s judgment, including the assessment of the risks of material misstatement of the financial statements, whether due to fraud or error. In making those risk assessments, the auditor considers internal control relevant to the entity s preparation and fair presentation of the financial statements in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the entity s internal control. Accordingly, we express no such opinion. An audit also includes evaluating the appropriateness of accounting policies used and the reasonableness of significant accounting estimates made by management, as well as evaluating the overall presentation of the financial statements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinion. -1-

4 Opinion In our opinion, the financial statements referred to above present fairly, in all material respects, the financial position of Community Resource Center for the Developmentally Disabled, Inc. as of June 30, 2016, and the changes in net assets and its cash flows for the year then ended in accordance with accounting principles generally accepted in the United States of America. Other Reporting Required by Government Auditing Standards In accordance with Government Auditing Standards, we have also issued our report dated November 30, 2016 on our consideration of Community Resource Center for the Developmentally Disabled, Inc. s internal control over financial reporting and on our tests of compliance with certain provisions of laws, regulations, contracts, and grant agreements and other matters. The purpose of that report is to describe the scope of our testing of internal control over financial reporting and compliance and the results of that testing, and not to provide an opinion on internal control over financial reporting or on compliance. That report is an integral part of an audit performed in accordance with Government Auditing Standards in considering Community Resource Center for the Developmentally Disabled, Inc. s internal control over financial reporting and compliance. CERTIFIED PUBLIC ACCOUNTANTS New York, New York November 30,

5 COMMUNITY RESOURCE CENTER FOR THE STATEMENT OF FINANCIAL POSITION JUNE 30, 2016 ASSETS Current assets: Cash $ 1,225,821 Accounts receivable (net of $44,240 allowance for doubtful accounts) 1,219,882 Prepaid expenses and other current assets 192,487 Debt service reserve fund 87,725 Total current assets 2,725,915 Fixed assets: Property and equipment (at cost, less accumulated depreciation and amortization of $3,144,336) 1,819,254 Other assets: Due from related party $ 28,500 Security deposits 32,378 Total other assets 60,878 TOTAL ASSETS $ 4,606,047 See accompanying notes -3-

6 COMMUNITY RESOURCE CENTER FOR THE STATEMENT OF FINANCIAL POSITION JUNE 30, 2016 LIABILITIES Current liabilities: Accounts payable $ 254,333 Accrued expenses 1,227,793 Current portion of bonds payable 206,750 Total current liabilities 1,688,876 Long-term liabilities: Bonds payable: Principal amount $ 1,803,284 Less unamortized premium and debt issuance costs 48,376 Bonds payable, net of current portion 1,754,908 Deferred rent 118,007 Total liabilities 3,561,791 NET ASSETS Unrestricted net assets 1,044,256 TOTAL LIABILITIES AND NET ASSETS $ 4,606,047 See accompanying notes -4-

7 COMMUNITY RESOURCE CENTER FOR THE STATEMENT OF ACTIVITIES YEAR ENDED JUNE 30, 2016 Revenue: Government fees $ 13,389,081 Consumer participation 456,197 Other income 243,659 Total revenue $ 14,088,937 Functional expenses: Program services expenses 12,158,537 Fundraising expenses 3,266 General and administrative expenses 1,630,371 Total functional expenses 13,792,174 Increase in unrestricted net assets before depreciation and amortization and interest expense 296,763 Depreciation and amortization expense (188,049) Interest expense (92,514) NET INCREASE IN UNRESTRICTED NET ASSETS 16,200 Unrestricted net assets - July 1, ,028,056 UNRESTRICTED NET ASSETS - JUNE 30, 2016 $ 1,044,256 See accompanying notes -5-

8 STATEMENT OF FUNCTIONAL EXPENSES YEAR ENDED JUNE 30, 2016 Program General and Total Services Fundraising Administrative Expenses Payroll $ 6,913,323 $ - $ 784,379 $ 7,697,702 Payroll taxes and fringe benefits 2,975, ,059 3,243,302 Rent - property 398, , ,338 Food 385,425-3, ,146 Assessment fees 348, ,160 Professional clinical services 116, ,342 Supplies - housekeeping and laundry 151, ,311 Repairs and maintenance 127,939-6, ,847 Recreation and consumer care 60, ,187 Bank fees 32-18,082 18,114 Professional fees ,335 84,335 Insurance 20,614-87, ,910 Equipment 55, ,549 Dues and subscriptions 7,242-29,097 36,339 Telephone 40,437-26,076 66,513 Vehicle lease and expenses 18,819-2,946 21,765 Operating equipment leases 9,207-14,338 23,545 Training - staff 46,835-3,526 50,361 Transportation - staff 33,992-48,225 82,217 Supplies - program/medical 140,360-7, ,008 Utilities 95, ,696 Transportation - consumers 110, ,336 Postage and office supplies 22, ,608 Computer expense ,753 45,753 Settlement costs (net of $60,963 reimbursement) ,885 41,885 Bad debt expense 48, ,380 Miscellaneous 32,728 2,771 2,026 37,525 Total Expenses $ 12,158,537 $ 3,266 $ 1,630,371 $ 13,792,174 See accompanying notes -6-

9 STATEMENT OF CASH FLOWS YEAR ENDED JUNE 30, 2016 INCREASE (DECREASE) IN CASH Cash flows from operating activities: Net increase in unrestricted net assets $ 16,200 Adjustments to reconcile results of operations to net cash effect of operating activities: Depreciation and amortization expense 188,049 Amortization of bond premiums and debt issuance costs 1,570 Change in assets and liabilities: Accounts receivable 54,491 Prepaid expenses and other current assets (57,563) Debt service reserve fund (40,000) Security deposits (11,611) Accounts payable (161,668) Accrued expenses (2,592,371) Deferred rent 15,273 Net cash used in operating activities $ (2,587,630) Cash flows from investing activities: Purchase of property and equipment (31,885) Cash flows from financing activities: Principal repayments of bonds payable (128,678) Capital lease payments (6,808) Net cash used in financing activities (135,486) NET DECREASE IN CASH (2,755,001) Cash - July 1, ,980,822 CASH - JUNE 30, 2016 $ 1,225,821 Supplemental disclosure of cash flow information: Cash paid during the year for interest $ 86,530 See accompanying notes -7-

10 NOTES TO FINANCIAL STATEMENTS NOTE A - Summary of Significant Accounting Policies Organization and Nature of Activities Community Resource Center for the Developmentally Disabled, Inc. (the Agency ) is a non-profit corporation organized under the laws of the State of New York. It commenced operations on March 14, 1979 and currently operates residential facilities for individuals with developmental disabilities in New York City and Westchester County, New York. Basis of Accounting The accompanying financial statements have been prepared on the accrual basis of accounting in accordance with accounting principles generally accepted in the United States of America. Basis of Presentation The Agency follows the reporting format of the standard on Financial Statements of Not-For-Profit Organizations issued by the Financial Accountings Standards Board which requires that information about financial position and activities is reported according to three categories of net assets: unrestricted net assets, temporarily restricted net assets and permanently restricted net assets. At June 30, 2016, all of the Agency s assets were unrestricted. The Agency s policy is to separately report any restricted amounts only if the restriction has not been satisfied by year-end. Use of Estimates The preparation of financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect certain reported amounts and disclosures. Accordingly, actual results could differ from those estimates. Subsequent Events For the purpose of preparing these financial statements, the Agency has considered subsequent events occurring through November 30, 2016, the date these financial statements became available for distribution. -8-

11 NOTES TO FINANCIAL STATEMENTS NOTE A - Summary of Significant Accounting Policies (Continued) Depreciation and Amortization of Property and Equipment In accordance with the New York State Office for People with Developmental Disabilities ( NYSOPWDD ) regulations, the cost of equipment, vehicles, furniture and fixtures and capital leases are capitalized and depreciated or amortized using the straight-line method over a period of 60 months. The buildings located at 61 Florence Street, 1463 Arnow Avenue, and 755 East 147th Street (Wales Avenue) are depreciated using the straight-line method over 20 to 25 years. Leasehold improvements are amortized over the shorter of the lease term or economic useful life. Revenue The Agency receives revenues from the NYSOPWDD and the Social Security Administration under the Medicaid program for billable client services and recognizes these fees and income when these services are provided. The revenue is based on established rates multiplied by the number of units of service provided. Contributions All contributions are considered available for unrestricted use unless specifically restricted by the donor. Amounts received that are designated for future periods or restricted by the donor for specific purposes are reported as temporarily restricted or permanently restricted support that increases those net asset classes. When a temporary restriction expires, temporarily restricted net assets are reclassified to unrestricted net assets and reported in the statement of activities as net assets released from restrictions. The Agency had no temporarily or permanently restricted net assets at June 30, 2016 or for the year then ended. Income Tax Status The Agency is a not-for-profit organization that is exempt from income taxes under Section 501 (c) (3) of the Internal Revenue Code. Management evaluated the Agency s tax positions for all open tax years and has concluded that the Agency had taken no uncertain tax positions that require recognition or disclosure in the accompanying financial statements. Generally, the Agency is no longer subject to income tax examinations by U.S. federal, state or local tax authorities for years before June 2013, which is the standard statute of limitations look-back period. -9-

12 NOTES TO FINANCIAL STATEMENTS NOTE A - Summary of Significant Accounting Policies (Continued) Accounts Receivable and Allowance for Doubtful Accounts Accounts receivable are recorded at the invoiced amount. When applicable, the Agency determines the allowance based on historical write-off experience and customer specific data. Functional Allocation of Expenses The cost of providing the various programs and activities has been summarized on a functional basis in the statement of activities. Accordingly, certain costs have been allocated among the programs and supporting services benefited. Debt Issuance Costs Costs incurred in connection with obtaining mortgages are capitalized and amortized using the straight-line method over the life of the loan. During 2016, the Agency early adopted FASB Accounting Standards Update Simplifying the Presentation of Debt Issuance Costs (ASU ), which requires that debt issuance costs be presented as a direct reduction of the related debt liability, rather than as an asset, in the statement of financial position. The effect of this change was to decrease 2016 noncurrent assets and noncurrent liabilities by $48,376. NOTE B - Property and Equipment At June 30, 2016, property and equipment is summarized as follows: Land $ 162,800 Buildings 2,441,138 Equipment, vehicles, furniture, fixtures and leasehold and building improvements 2,359,652 Total 4,963,590 Less accumulated depreciation and amortization (3,144,336) Balance $ 1,819,

13 NOTES TO FINANCIAL STATEMENTS NOTE C - Related Party Transactions As of June 30, 2016, a related party owed $28,500 to the Agency. This amount is owed to the Agency by CRCDD Housing Co., Inc., an affiliated organization managed but not financially controlled by the Agency. CRCDD Housing Co., Inc. has negotiated a rent increase with the United States Department of Housing and Urban Development. This increase will enable CRCDD Housing Co., Inc. to increase payments to the Agency and thus reduce outstanding debt. NOTE D - Retirement Plans The Agency has a defined contribution profit-sharing plan for all qualified employees under the requirements of Section 401(a) of the Internal Revenue Code which provides for annual contributions at the discretion of the Agency s board of directors. The contribution authorized for the fiscal year ended June 30, 2016 was $221,869. The Agency also maintains a Section 403(b) salary deferral plan which provides for contributions by eligible electing employees. No matching contributions were made by the Agency. NOTE E - Line of Credit Pursuant to an arrangement with a bank, the Agency has a $1,000,000 secured line of credit which is renewable annually but could be cancelled by the bank or the Agency at any time. The line is collateralized by all assets of the Agency. Interest is payable at the LIBOR floating rate plus 2.5%. The Agency did not utilize the line of credit during the year ended June 30, NOTE F - Bonds Payable Capital Improvement Bond Payable - NYSOPWDD In February 2002, the Agency borrowed $1,478,000 from the Dormitory Authority of the State of New York Administration Bond through NYSOPWDD. This bond, which is collateralized by the facility located at 755 East 147th Street and Wales Avenue ( Wales ), is payable in semi-annual installments of principal and interest of 5.381% through August The monthly reimbursement rate for this facility includes an amount equal to the mortgage payment. On August 30, 2005, the Agency closed on a bond related to the purchase of the Arnow facility. The bond of $875,700 is payable in annual installments of principal plus interest at 4.783% a year through February The bond is collateralized by the Arnow facility. The monthly reimbursement rate for this facility includes an amount equal to the mortgage payment. -11-

14 NOTES TO FINANCIAL STATEMENTS NOTE F - Bonds Payable (Continued) Dormitory Authority of the State of New York Administration Bond Payable On February 9, 2015, the Dormitory Authority of the State of New York ( DASNY ) issued $29,290,000 of Interagency Council Pooled Loan Program Series 2015A Revenue Bonds. The Agency borrowed $825,000 from the proceeds from the sale of the bonds which was used to refinance the original New York City Industrial Developmental Agency ( NYCIDA ) Special Needs Pooled Program Series 2007B Bonds, for which the Agency borrowed $1,600,000, and to pay for the related debt issuance costs. A portion of the proceeds from the sale of the original NYCIDA bonds were loaned to the Agency and used for building renovations and the purchase of furniture and equipment for 631 Pelham Parkway ( Pelham ). The bond is collateralized by the current and future government fees revenues generated from the Pelham facility and is payable in annual installments of principal plus interest of 2.98% a year through July Debt service reserve fund related to this loan was $87,725 at June 30, The monthly reimbursement rate for this facility includes an amount equal to the mortgage payment. At June 30, 2016, the outstanding principal balance of the bonds is payable as follows: Wales Arnow Pelham Total Year ending June 30: 2017 $ 70,000 $ 86,750 $ 50,000 $ 206, ,000 86,455 55, , ,000 86,100 55, , ,000 74,529 60, , ,000-60, ,000 Thereafter 556, ,000 1,006,200 $ 946,200 $ 333,834 $ 730,000 $ 2,010,

15 NOTES TO FINANCIAL STATEMENTS NOTE F - Bonds Payable (Continued) At June 30, 2016, bonds payable consisted of the following: Principal Unamortized Premium and Debt Issuance Costs NYSOPWDD - Wales, 5.381% bond due 2026 $ 946,200 $ 42,658 NYSOPWDD - Arnow, 4.783% bond due ,834 - DASNY - Pelham, 2.98% bond due ,000 5,718 Total $ 2,010,034 $ 48,376 The Agency recognized $92,514 of interest expense related to these bonds during the year ended June 30, NOTE G - Commitments and Contingency Employment Agreement On July 1, 2015, the Agency entered into a three year employment agreement with its executive director providing for annual base compensation of $199,000, with yearly adjustments being the higher of the NYSOPWDD trend or 4.0%. Compensation expense for the year ended June 30, 2016 was $208,475. Leases The Agency leases its current office and various residences for the developmentally disabled under operating leases expiring at various dates through July The leases are subject to escalation charges for operating expenses and real estate taxes. Rent expense for the year ended June 30, 2016 was $554,338. The rentals under these leases are recorded for financial accounting purposes on a straight-line basis. Accrued future rentals of $118,007 at June 30, 2016 give effect to both future scheduled increases and certain concessions at lease inception and is categorized as deferred rent in the statement of financial position. This liability will be reduced in future years to the extent that the minimal rentals payable in those years exceeds the average net expense recorded on the straight-line basis. -13-

16 NOTES TO FINANCIAL STATEMENTS NOTE G - Commitments and Contingency (Continued) Leases (Continued) The Agency leases autos and office equipment under operating leases expiring at various dates through November Rent expense related to these leases for the year ended June 30, 2016 was $23,545. Future minimum lease payments under scheduled operating leases are due as follows: Operating Leases Year ending June 30: 2017 $ 265, , , , ,453 Thereafter 952,002 Total minimum lease payments $ 2,290,281 Collective Bargaining Agreement The Agency s Collective Bargaining Agreement (the CBA ) with its union represented employees provides for, but is not limited to, compensation, both pre and post retirement, and health benefits. The current CBA expired on August 31, The Agency is currently negotiating a new contract with the union. Contingency As noted in Note A, receivables and revenue are recorded based on established rates that might be subject to the retroactive change. In addition, laws and regulations governing Medicaid programs are subject to interpretation. As a result, there is at least a reasonable possibility that recorded estimates will change by a material amount in the near term. -14-

17 NOTES TO FINANCIAL STATEMENTS NOTE G - Commitments and Contingency (Continued) Contingency (Continued) In the ordinary course of business, the Agency is subject to government and regulatory examination, information-gathering requests and other legal actions and proceedings. Certain of these actions and proceedings could result in fines, penalties and exclusion from Medicaid programs for noncompliance with laws and regulations or seek relief in connection with alleged violations of employment or other statutory or common laws. Management does not believe that any correspondence received at June 30, 2016 or through the date of this report details any matters which will have a material effect on the Agency s financial position or results of operations. The Agency was a defendant in litigation involving age discrimination and wrongful termination lawsuit with a former employee. A settlement agreement, totaling $90,000, was entered into by both parties on August 3, The Agency has accrued the $90,000 plus all applicable payroll taxes and legal fees at June 30, The Agency s insurance company reimbursed the Agency for settlement costs above the Agency s deductible and all associated legal fees. The total reimbursement of $60,963 is included in prepaid expenses and other current assets on the Agency s statement of financial position. NOTE H - Concentration of Risk The Agency maintains both interest bearing and non-interest bearing cash accounts at one financial institution. The Agency s accounts at the institution are insured by the Federal Deposit Insurance Corporation up to $250,000. From time to time, the Agency s balances exceed this limit. At June 30, 2016, the uninsured cash balance was $723,246. The Agency believes it is not exposed to any significant credit risk on cash. -15-

18 INDEPENDENT AUDITOR S REPORT ON INTERNAL CONTROL OVER FINANCIAL REPORTING AND ON COMPLIANCE AND OTHER MATTERS BASED ON AN AUDIT OF FINANCIAL STATEMENTS PERFORMED IN ACCORDANCE WITH GOVERNMENT AUDITING STANDARDS To the Board of Directors Community Resource Center for the Developmentally Disabled, Inc. Bronx, New York We have audited, in accordance with the auditing standards generally accepted in the United States of America and the standards applicable to financial audits contained in Government Auditing Standards issued by the Comptroller General of the United States, the financial statements of Community Resource Center for the Developmentally Disabled, Inc. (the Agency ) which comprise the statement of financial position as of June 30, 2016, and the related statements of activities, functional expenses and cash flows for the year then ended, and the related notes to the financial statements and have issued the report thereon dated November 30, Internal Control over Financial Reporting In planning and performing our audit of the financial statements, we considered the Agency s internal control over financial reporting (internal control) to determine the audit procedures that are appropriate in the circumstances for the purpose of expressing our opinion on the financial statements, but not for the purpose of expressing an opinion on the effectiveness of the Agency s internal control. Accordingly, we do not express an opinion on the effectiveness of the Agency s internal control. Our consideration of internal control over financial reporting was for the limited purpose described in the preceding paragraph and was not designed to identify all deficiencies in internal control over financial reporting that might be material weaknesses or significant deficiencies and, therefore, material weaknesses or significant deficiencies may exist that were not identified. However, as described in the accompanying schedule of findings and questioned costs, we identified a deficiency in internal control over financial reporting that we consider to be a material weakness. A deficiency in internal control exists when the design or operation of a control does not allow management or employees, in the normal course of performing their assigned functions, to prevent, or detect and correct misstatements on a timely basis. A material weakness is a deficiency, or combination of deficiencies, in internal control such that there is a reasonable possibility that a material misstatement of the Agency s financial statements will not be prevented, or detected and corrected on a timely basis. We consider the deficiency described in the accompanying schedule of findings and questioned costs to be a material weakness. A significant deficiency is a deficiency, or a combination of deficiencies, in internal control that is less severe than a material weakness, yet important enough to merit attention by those charged with governance. We consider the deficiencies and described in the accompanying schedule of findings and questioned costs to be significant deficiencies. -16-

19 Compliance and Other Matters As part of obtaining reasonable assurance about whether the Agency s financial statements are free from material misstatement, we performed tests of its compliance with certain provisions of laws, regulations, contracts, and grant agreements, noncompliance with which could have a direct and material effect on the determination of financial statement amounts. However, providing an opinion on compliance with those provisions was not an objective of our audit, and accordingly, we do not express such an opinion. The Agency s Response to the Finding The Agency s response to the finding identified in our audit is described in the accompanying schedule of findings and questioned costs. The Agency s response was not subjected to the auditing procedures applied in the audit of the financial statements and, accordingly, we express no opinion on it. Purpose of this Report The purpose of this report is solely to describe the scope of our testing of internal control and compliance and the result of that testing, and not to provide an opinion on the effectiveness of the Agency s internal control or on compliance. This report is an integral part of an audit performed in accordance with Government Auditing Standards in considering the entity s internal control and compliance. Accordingly, this communication is not suitable for any other purpose. CERTIFIED PUBLIC ACCOUNTANTS New York, New York November 30,

20 SCHEDULE OF FINDINGS AND QUESTIONED COSTS YEAR ENDED JUNE 30, 2016 Financial Statements Findings: Check Signing Ability Criteria: Internal controls should be in place that ensure that management periodically reviews the authorized check signors on account. Condition: A former employee has signatory authority on one of the Agency s bank accounts. Effect: Financial statements are susceptible to material misstatement as a result of misappropriation of assets due to fraud. Recommendation: Management should periodically review the authorized check signers on record with the bank and make any necessary updates as soon as possible. Management s Response: As a corrective action going forward, management will ensure that all former employees with access to bank accounts are removed from the list of authorized personnel on account with the bank Accounting Oversight Function Criteria: Higher-level supervisory or review function is lacking. Condition: The accounting and finance department is lacking a higher-level supervisory or review function typically performed by a Chief Financial Officer (CFO) or equivalent. Effect: Financial statements are susceptible to material misstatement, and other administrative matters, as a result of a lack of more timely supervisory review. Recommendation: A CFO, either hired or contracted and possibly on a part-time basis, would provide the needed higher-level accounting supervisory role consistently throughout the year. Management s Response: Management will consider hiring or contracting a higher-level accounting supervisor to review the basic accounting and recordkeeping functions. -18-

21 SCHEDULE OF FINDINGS AND QUESTIONED COSTS YEAR ENDED JUNE 30, 2016 Financial Statements Findings (Continued): Pension Eligibility Criteria: Exclusion of eligible employees from the Agency s Retirement Trust Plan ( Plan ). Condition: Certain eligible employees who have met the Plan s service, age and date entry requirements were excluded from the Plan. Effect: Financial statements are susceptible to material misstatement as the Agency could be liable for contributions to the Plan. Recommendation: The Human Resources director should maintain documentation that verifies that all eligible employees have been invited to participate in the Plan. Management s Response: Management will ensure that all employees will be provided with the enrollment documents and that all enrollment forms, whether to be included or excluded from the Plan, will be maintained in the employees files. Compliance Findings: None. -19-

SPECIAL CITIZENS FUTURES UNLIMITED. Financial Statements. June 30, 2016 and With Independent Auditors' Report

SPECIAL CITIZENS FUTURES UNLIMITED. Financial Statements. June 30, 2016 and With Independent Auditors' Report SPECIAL CITIZENS FUTURES UNLIMITED Financial Statements With Independent Auditors' Report Table of Contents Independent Auditors Report... 1 Financial Statements Statements of Financial Position... 2 Statements

More information

Birch Family Services, Inc. and Affiliate

Birch Family Services, Inc. and Affiliate Birch Family Services, Inc. and Affiliate Combining Financial Statements Year Ended June 30, 2013 The report accompanying these financial statements was issued by BDO USA, LLP, a Delaware limited liability

More information

NEW VENTURES CHARTER SCHOOL. Audited Financial Statements in Accordance With Government Auditing Standards

NEW VENTURES CHARTER SCHOOL. Audited Financial Statements in Accordance With Government Auditing Standards Audited Financial Statements in Accordance With Government Auditing Standards June 30, 2016 Table of Contents Page Independent Auditors Report 1 2 Statement of Financial Position 3 Statement of Activities

More information

SKY Academy Venice A Charter School and Division of SKY Family YMCA, Inc.

SKY Academy Venice A Charter School and Division of SKY Family YMCA, Inc. Special-Purpose Financial Statements June 30, 2016 Table of Contents Page No. Independent Auditor's Report 3-4 Special-Purpose Financial Statements Statement of Financial Position 5 Statement of Activities

More information

HASC CENTER, INC. FINANCIAL STATEMENTS JUNE 30,2016

HASC CENTER, INC. FINANCIAL STATEMENTS JUNE 30,2016 HASC CENTER, INC. FINANCIAL STATEMENTS JUNE 30,2016 HASC CENTER, INC. CONTENTS Independent Auditor's Report... I Statement of Financial Position... 2 Statement of Activities... 4 Statement of Functional

More information

REGAN, GRACE & KERLEY, LLC CERTIFIED PUBLIC ACCOUNTANTS

REGAN, GRACE & KERLEY, LLC CERTIFIED PUBLIC ACCOUNTANTS FINANCIAL STATEMENTS AND INDEPENDENT AUDITORS REPORT REGAN, GRACE & KERLEY, LLC CERTIFIED PUBLIC ACCOUNTANTS TABLE OF CONTENTS Page No. INDEPENDENT AUDITORS REPORT 1 FINANCIAL STATEMENTS Statements of

More information

P.L.U.S. Group Homes, Inc.

P.L.U.S. Group Homes, Inc. Financial Statements Year Ended December 31, 2015 The report accompanying these financial statements was issued by BDO USA, LLP, a Delaware limited liability partnership and the U.S. member of BDO International

More information

ANIMAL COALITION OF TAMPA, INC.

ANIMAL COALITION OF TAMPA, INC. FINANCIAL STATEMENTS FINANCIAL STATEMENTS Contents Page Independent Auditors Report... 1-2 Statement of Financial Position...3 Statement of Activities.....4 Statement of Functional Expenses...5 Statement

More information

SHENANDOAH VALLEY SPAY & NEUTER CLINIC, INC. FINANCIAL REPORT

SHENANDOAH VALLEY SPAY & NEUTER CLINIC, INC. FINANCIAL REPORT SHENANDOAH VALLEY SPAY & NEUTER CLINIC, INC. FINANCIAL REPORT December 31, 2013 CONTENTS Page INDEPENDENT AUDITOR S REPORT... 1 FINANCIAL STATEMENTS Statements of Financial Position... 3 Statements of

More information

THE SOUTH FLORIDA CHURCH OF CHRIST, INC.

THE SOUTH FLORIDA CHURCH OF CHRIST, INC. THE SOUTH FLORIDA CHURCH OF CHRIST, INC. FINANCIAL STATEMENTS THE SOUTH FLORIDA CHURCH OF CHRIST, INC. FINANCIAL STATEMENTS TABLE OF CONTENTS PAGES Independent Auditor s Report 1 Statement of Financial

More information

HOSPICE OF THE NORTH COAST FINANCIAL STATEMENTS AND SUPPLEMENTARY INFORMATION. Years Ended September 30, 2012 and 2011

HOSPICE OF THE NORTH COAST FINANCIAL STATEMENTS AND SUPPLEMENTARY INFORMATION. Years Ended September 30, 2012 and 2011 FINANCIAL STATEMENTS AND SUPPLEMENTARY INFORMATION Years Ended September 30, 2012 and 2011 FINANCIAL STATEMENTS AND SUPPLEMENTARY INFORMATION Years Ended September 30, 2012 and 2011 TABLE OF CONTENTS Page

More information

BOAZ AND RUTH, INC. AND AFFILIATES CONSOLIDATED FINANCIAL STATEMENTS. December 31, 2008

BOAZ AND RUTH, INC. AND AFFILIATES CONSOLIDATED FINANCIAL STATEMENTS. December 31, 2008 BOAZ AND RUTH, INC. AND AFFILIATES CONSOLIDATED FINANCIAL STATEMENTS TABLE OF CONTENTS Independent Auditor s Report... 1 Consolidated Financial Statements Consolidated Statement of Financial Position...

More information

SAMPLE ASSOCIATION, INC. AUDITED FINANCIAL REPORT

SAMPLE ASSOCIATION, INC. AUDITED FINANCIAL REPORT , INC. AUDITED FINANCIAL REPORT December 31, 2003 CONTENTS Page INDEPENDENT AUDITORS REPORT 1 FINANCIAL STATEMENTS Statement of financial position 2 Statement of activities 3 Statement of cash flows 4

More information

FINANCIAL STATEMENTS AND REPORT OF INDEPENDENT CERTIFIED PUBLIC ACCOUNTANTS JOSEPH S HOUSE, INC. (A NON-PROFIT ORGANIZATION)

FINANCIAL STATEMENTS AND REPORT OF INDEPENDENT CERTIFIED PUBLIC ACCOUNTANTS JOSEPH S HOUSE, INC. (A NON-PROFIT ORGANIZATION) FINANCIAL STATEMENTS AND REPORT OF INDEPENDENT CERTIFIED PUBLIC ACCOUNTANTS JOSEPH S HOUSE, INC. (A NON-PROFIT ORGANIZATION) September 30, 2013 and 2012 CONTENTS Page Report of Independent Certified Public

More information

CORTLAND COUNTY BUSINESS DEVELOPMENT CORPORATION. Cortland, New York FINANCIAL REPORT. December 31, 2014 and 2013

CORTLAND COUNTY BUSINESS DEVELOPMENT CORPORATION. Cortland, New York FINANCIAL REPORT. December 31, 2014 and 2013 CORTLAND COUNTY BUSINESS DEVELOPMENT CORPORATION Cortland, New York FINANCIAL REPORT December 31, 2014 and 2013 DECEMBER 31, 2014 and 2013 Independent Auditor s Report... 1-2 Statements of Financial Position...

More information

SOS CHILDREN S VILLAGES USA, INC.

SOS CHILDREN S VILLAGES USA, INC. FINANCIAL STATEMENTS AND REPORT OF INDEPENDENT CERTIFIED PUBLIC ACCOUNTANTS DECEMBER 31, 2015 AND 2014 TABLE OF CONTENTS REPORT OF INDEPENDENT CERTIFIED PUBLIC ACCOUNTANTS 1-2 Page FINANCIAL STATEMENTS

More information

DEMOCRACY PREPARATORY CHARTER SCHOOL (A Not-For-Profit Corporation) FINANCIAL STATEMENTS JUNE 30, 2014 AND 2013

DEMOCRACY PREPARATORY CHARTER SCHOOL (A Not-For-Profit Corporation) FINANCIAL STATEMENTS JUNE 30, 2014 AND 2013 FINANCIAL STATEMENTS JUNE 30, 2014 AND 2013 FINANCIAL STATEMENTS JUNE 30, 2014 AND 2013 CONTENTS PAGE INDEPENDENT AUDITORS REPORT 1 2 FINANCIAL STATEMENTS AND SUPPLEMENTARY INFORMATION: Statements of financial

More information

Pensacola Habitat For Humanity, Inc. Pensacola, Florida. Audited Financial Statements. With Supplementary Information

Pensacola Habitat For Humanity, Inc. Pensacola, Florida. Audited Financial Statements. With Supplementary Information Pensacola, Florida Audited Financial Statements With Supplementary Information June 30, 2014 Pensacola, Florida Audited Financial Statements With Supplementary Information June 30, 2014 CONTENTS PAGE Independent

More information

SANTA MARIA HOSTEL, INC. AND SANTA MARIA HOSTEL FOUNDATION CONSOLIDATED FINANCIAL STATEMENTS AND SUPPLEMENTARY INFORMATION

SANTA MARIA HOSTEL, INC. AND SANTA MARIA HOSTEL FOUNDATION CONSOLIDATED FINANCIAL STATEMENTS AND SUPPLEMENTARY INFORMATION SANTA MARIA HOSTEL, INC. AND SANTA MARIA HOSTEL FOUNDATION CONSOLIDATED FINANCIAL STATEMENTS AND SUPPLEMENTARY INFORMATION FOR THE YEAR ENDED AUGUST 31, 2013 TABLE OF CONTENTS Page No. Independent Auditor's

More information

Michiana Public Broadcasting Corporation. Consolidated Financial Report with Additional Information September 30, 2014

Michiana Public Broadcasting Corporation. Consolidated Financial Report with Additional Information September 30, 2014 Consolidated Financial Report with Additional Information September 30, 2014 Contents Report Letter 1-2 Consolidated Financial Statements Statement of Financial Position 3 Statement of Activities and Changes

More information

KIPP NEW YORK, INC. AND SUBSIDIARIES CONSOLIDATED FINANCIAL STATEMENTS

KIPP NEW YORK, INC. AND SUBSIDIARIES CONSOLIDATED FINANCIAL STATEMENTS CONSOLIDATED FINANCIAL STATEMENTS YEARS ENDED JUNE 30, 2015 AND 2014 TABLE OF CONTENTS YEARS ENDED JUNE 30, 2015 AND 2014 INDEPENDENT AUDITORS REPORT 1 FINANCIAL STATEMENTS CONSOLIDATED STATEMENTS OF FINANCIAL

More information

Audited Financial Statements NATIONAL COUNCIL OF NONPROFITS DECEMBER 31, 2013

Audited Financial Statements NATIONAL COUNCIL OF NONPROFITS DECEMBER 31, 2013 Audited Financial Statements NATIONAL COUNCIL OF NONPROFITS DECEMBER 31, 2013 1 Contents Independent Auditor s Report 1 Financial Statements Statement of financial position 2 Statement of activities 3

More information

MICROFINANCE OPPORTUNITIES, INC.

MICROFINANCE OPPORTUNITIES, INC. WWW.MCB-CPA.COM TABLE OF CONTENTS DECEMBER 31, 2012 AND 2011 Independent Auditors Report 1-2 Financial Statements: Statements of Financial Position 3 Statements of Activities and Changes in Net Assets

More information

RAPE, ABUSE & INCEST NATIONAL NETWORK (RAINN) AUDITED FINANCIAL STATEMENTS YEARS ENDED MAY 31, 2014 AND 2013

RAPE, ABUSE & INCEST NATIONAL NETWORK (RAINN) AUDITED FINANCIAL STATEMENTS YEARS ENDED MAY 31, 2014 AND 2013 RAPE, ABUSE & INCEST NATIONAL NETWORK (RAINN) AUDITED FINANCIAL STATEMENTS YEARS ENDED MAY 31, 2014 AND 2013 Rape, Abuse & Incest National Network (RAINN) Table of Contents Page Independent Auditor s Report

More information

RAPE, ABUSE & INCEST NATIONAL NETWORK (RAINN) AUDITED FINANCIAL STATEMENTS YEARS ENDED MAY 31, 2015 AND 2014

RAPE, ABUSE & INCEST NATIONAL NETWORK (RAINN) AUDITED FINANCIAL STATEMENTS YEARS ENDED MAY 31, 2015 AND 2014 RAPE, ABUSE & INCEST NATIONAL NETWORK (RAINN) AUDITED FINANCIAL STATEMENTS YEARS ENDED MAY 31, 2015 AND 2014 Table of Contents Page Independent Auditor s Report 1-2 Audited Financial Statements Statements

More information

Financial Statements December 31, 2014 and 2013 Josephine Commons, LLC

Financial Statements December 31, 2014 and 2013 Josephine Commons, LLC Financial Statements Josephine Commons, LLC www.eidebailly.com Table of Contents Independent Auditor s Report... 1 Financial Statements Balance Sheets... 3 Statements of Operations and Members Equity...

More information

SOS CHILDREN S VILLAGES USA, INC.

SOS CHILDREN S VILLAGES USA, INC. FINANCIAL STATEMENTS AND REPORT OF INDEPENDENT CERTIFIED PUBLIC ACCOUNTANTS DECEMBER 31, 2014 AND 2013 TABLE OF CONTENTS REPORT OF INDEPENDENT CERTIFIED PUBLIC ACCOUNTANTS 1-2 Page FINANCIAL STATEMENTS

More information

THE POSSIBLE PROJECT, INC. FINANCIAL STATEMENTS. with INDEPENDENT AUDITORS REPORT YEARS ENDED DECEMBER 31, 2013 AND 2012

THE POSSIBLE PROJECT, INC. FINANCIAL STATEMENTS. with INDEPENDENT AUDITORS REPORT YEARS ENDED DECEMBER 31, 2013 AND 2012 FINANCIAL STATEMENTS with INDEPENDENT AUDITORS REPORT YEARS ENDED DECEMBER 31, 2013 AND 2012 REPORT ON FINANCIAL STATEMENTS YEARS ENDED DECEMBER 31, 2013 AND 2012 Mission Statement The Possible Project

More information

EHDOC Robert Sharp Towers II Limited Partnership (A Florida Limited Partnership) Financial Report October 31, 2014

EHDOC Robert Sharp Towers II Limited Partnership (A Florida Limited Partnership) Financial Report October 31, 2014 EHDOC Robert Sharp Towers II Limited Partnership Financial Report October 31, 2014 Contents Independent Auditor's Report 1 Financial Statements Balance sheet 2 3 Statement of income 4 Statement of changes

More information

GRACE FELLOWSHIP CHURCH, INC. FINANCIAL STATEMENTS JUNE 30, 2013 AND 2012

GRACE FELLOWSHIP CHURCH, INC. FINANCIAL STATEMENTS JUNE 30, 2013 AND 2012 FINANCIAL STATEMENTS JUNE 30, 2013 AND 2012 Table of Contents For the Years Ended June 30, 2013 and 2012 PAGE Independent Auditors' Report... 1-1A Financial Statements Statements of Financial Position...

More information

CHO-YEH CAMP AND CONFERENCE CENTER, INC. Livingston, Texas FINANCIAL STATEMENTS WITH INDEPENDENT AUDITORS' REPORT. December 31, 2012 and 2011

CHO-YEH CAMP AND CONFERENCE CENTER, INC. Livingston, Texas FINANCIAL STATEMENTS WITH INDEPENDENT AUDITORS' REPORT. December 31, 2012 and 2011 CHO-YEH CAMP AND CONFERENCE CENTER, INC. Livingston, Texas FINANCIAL STATEMENTS WITH INDEPENDENT AUDITORS' REPORT December 31, 2012 and 2011 T A B L E O F C O N T E N T S Independent Auditors' Report...

More information

AERO MIAMI FX, LLC. Financial Statements. December 31, (With Independent Auditors Report Thereon)

AERO MIAMI FX, LLC. Financial Statements. December 31, (With Independent Auditors Report Thereon) Financial Statements (With Independent Auditors Report Thereon) Financial Statements Table of Contents Page Independent Auditors Report 1 Financial Statements: Balance Sheet 2 Statements of Operations

More information

AVIVA CHILDREN'S SERVICES, INC. AUDITED FINANCIAL STATEMENTS YEARS ENDED JUNE 30, 2015 AND 2014

AVIVA CHILDREN'S SERVICES, INC. AUDITED FINANCIAL STATEMENTS YEARS ENDED JUNE 30, 2015 AND 2014 AUDITED FINANCIAL STATEMENTS YEARS ENDED JUNE 30, 2015 AND 2014 AUDITED FINANCIAL STATEMENTS YEARS ENDED JUNE 30, 2015 AND 2014 TABLE OF CONTENTS Independent auditors report... 1 Statements of financial

More information

RAPE, ABUSE & INCEST NATIONAL NETWORK (RAINN) AUDITED FINANCIAL STATEMENTS AND SUPPLEMENTARY INFORMATION YEARS ENDED MAY 31, 2016 AND 2015

RAPE, ABUSE & INCEST NATIONAL NETWORK (RAINN) AUDITED FINANCIAL STATEMENTS AND SUPPLEMENTARY INFORMATION YEARS ENDED MAY 31, 2016 AND 2015 RAPE, ABUSE & INCEST NATIONAL NETWORK (RAINN) AUDITED FINANCIAL STATEMENTS AND SUPPLEMENTARY INFORMATION YEARS ENDED MAY 31, 2016 AND 2015 Table of Contents Independent Auditor s Report 1-2 Audited Financial

More information

THE VIRGINIA COLLEGE FUND FINANCIAL STATEMENTS AND SUPPLEMENTARY INFORMATION

THE VIRGINIA COLLEGE FUND FINANCIAL STATEMENTS AND SUPPLEMENTARY INFORMATION FINANCIAL STATEMENTS AND SUPPLEMENTARY INFORMATION YEARS ENDED MAY 31, 2014 AND 2013 CONTENTS INDEPENDENT AUDITOR S REPORT... Page 1-2 FINANCIAL STATEMENTS STATEMENTS OF FINANCIAL POSITION... 3 STATEMENTS

More information

Florida Foundation Seed Producers, Inc.

Florida Foundation Seed Producers, Inc. Florida Foundation Seed Producers, Inc. Financial Statements and Independent Auditors Reports CONTENTS Independent Auditors Report 1 Financial Statements: Statements of Cash Flows 2 Statements of Financial

More information

NONPROFITS ASSISTANCE FUND FINANCIAL STATEMENTS YEARS ENDED MARCH 31, 2015 AND 2014

NONPROFITS ASSISTANCE FUND FINANCIAL STATEMENTS YEARS ENDED MARCH 31, 2015 AND 2014 FINANCIAL STATEMENTS YEARS ENDED TABLE OF CONTENTS YEARS ENDED INDEPENDENT AUDITORS' REPORT 1 FINANCIAL STATEMENTS STATEMENTS OF FINANCIAL POSITION 3 STATEMENTS OF ACTIVITIES 5 STATEMENTS OF CASH FLOWS

More information

TechnoServe, Inc. Consolidated Financial Report December 31, 2012

TechnoServe, Inc. Consolidated Financial Report December 31, 2012 Consolidated Financial Report December 31, 2012 Contents Independent Auditor s Report 1 2 Financial Statements Consolidated Balance Sheet 3 Consolidated Statement Of Activities 4 Consolidated Statement

More information

AERO NASHVILLE, LLC. Financial Statements. December 31, (With Independent Auditors Report Thereon)

AERO NASHVILLE, LLC. Financial Statements. December 31, (With Independent Auditors Report Thereon) Financial Statements (With Independent Auditors Report Thereon) Financial Statements Table of Contents Page(s) Independent Auditors Report 1 Financial Statements: Balance Sheet 3 Statements of Operations

More information

Dayspring Townhomes. Financial Statements. For The Years Ended June 30, 2015 And 2014 DRAFT

Dayspring Townhomes. Financial Statements. For The Years Ended June 30, 2015 And 2014 DRAFT Financial Statements For The Years Ended June 30, 2015 And 2014 Table Of Contents For The Years Ended June 30, 2015 And 2014 Independent Auditors Report... 1-3 Financial Statements Balance Sheets... 4-4A

More information

JAMES A. MICHENER ART MUSEUM

JAMES A. MICHENER ART MUSEUM FINANCIAL STATEMENTS YEAR ENDED DECEMBER 31, 2010 CONTENTS INDEPENDENT AUDITOR'S REPORT 1 FINANCIAL STATEMENTS Statement of Financial Position 2 Statement of Activities 3 Statement of Functional Expenses

More information

NEW LIFE CHURCH AND AFFILIATE

NEW LIFE CHURCH AND AFFILIATE CONSOLIDATED FINANCIAL STATEMENTS With Independent Auditors' Report December 31, 2014 and 2013 Table of Contents Independent Auditors' Report 1 Financial Statements Consolidated Statements of Financial

More information

FINANCIAL STATEMENTS With Independent Auditors' Report. July 31, 2014 and 2013

FINANCIAL STATEMENTS With Independent Auditors' Report. July 31, 2014 and 2013 FINANCIAL STATEMENTS With Independent Auditors' Report July 31, 2014 and 2013 Table of Contents Independent Auditors' Report 1 Financial Statements Statements of Financial Position 3 Statements of Activities

More information

(A Non-Profit Organization) Annual Financial Report Year ended March 31, Prepared By: LaukaAssociates I CERTIFIED PUBLIC ACCOUNTANTS

(A Non-Profit Organization) Annual Financial Report Year ended March 31, Prepared By: LaukaAssociates I CERTIFIED PUBLIC ACCOUNTANTS (A Non-Profit Organization) Annual Financial Report Year ended Prepared By: LaukaAssociates I CERTIFIED PUBLIC ACCOUNTANTS Table of Contents Page INDEPENDENT AUDITOR S REPORT FINANCIAL STATEMENTS: Statement

More information

GENEVA HOUSE, INC. PROJECT NO. 034-44815NP FINANCIAL REPORT WITH SUPPLEMENTARY INFORMATION AND INDEPENDENT AUDITOR S REPORT DECEMBER 31, 2009 AND

GENEVA HOUSE, INC. PROJECT NO. 034-44815NP FINANCIAL REPORT WITH SUPPLEMENTARY INFORMATION AND INDEPENDENT AUDITOR S REPORT DECEMBER 31, 2009 AND FINANCIAL REPORT WITH SUPPLEMENTARY INFORMATION AND INDEPENDENT AUDITOR S REPORT DECEMBER 31, 2009 AND 2008 FINANCIAL REPORT WITH SUPPLEMENTARY INFORMATION AND INDEPENDENT AUDITOR S REPORT DECEMBER 31,

More information

MOZILLA FOUNDATION AND SUBSIDIARY

MOZILLA FOUNDATION AND SUBSIDIARY MOZILLA FOUNDATION AND SUBSIDIARY DECEMBER 31, 2005 INDEPENDENT AUDITORS' REPORT AND CONSOLIDATED FINANCIAL STATEMENTS Independent Auditors' Report and Consolidated Financial Statements Independent Auditors'

More information

ST. HOPE LEADERSHIP ACADEMY CHARTER SCHOOL

ST. HOPE LEADERSHIP ACADEMY CHARTER SCHOOL FINANCIAL STATEMENTS JUNE 30, 2014 (WITH SUMMARIZED COMPARATIVE INFORMATION FOR JUNE 30, 2013) TABLE OF CONTENTS INDEPENDENT AUDITOR S REPORT 1-2 FINANCIAL STATEMENTS: Statement of Financial Position 3

More information

Arlington Street People's Assistance Network. Financial Statements, Including OMB Circular A-133 Reports and Independent Auditors Report

Arlington Street People's Assistance Network. Financial Statements, Including OMB Circular A-133 Reports and Independent Auditors Report Financial Statements, Including OMB Circular A-133 Reports and Independent Auditors Report June 30, 2013 and 2012 Financial Statements June 30, 2013 and 2012 Contents Independent Auditors Report... 1-2

More information

Financial Statements June 30, 2014 Habitat for Humanity of Utah County

Financial Statements June 30, 2014 Habitat for Humanity of Utah County Financial Statements Habitat for Humanity of Utah County www.eidebailly.com Table of Contents Independent Auditor s Report... 1 Financial Statements Statement of Financial Position... 2 Statement of Activities...

More information

OPPORTUNITIES INDUSTRIALIZATION CENTERS OF AMERICA, INC. Financial Statements. June 30, 2012 and 2011. With Independent Auditors' Reports

OPPORTUNITIES INDUSTRIALIZATION CENTERS OF AMERICA, INC. Financial Statements. June 30, 2012 and 2011. With Independent Auditors' Reports OPPORTUNITIES INDUSTRIALIZATION CENTERS OF AMERICA, INC. Financial Statements June 30, 2012 and 2011 With Independent Auditors' Reports Table of Contents June 30, 2012 and 2011 Independent Auditors' Report...

More information

BOSTON PARTNERS IN EDUCATION, INC. Financial Statements and Independent Auditors Report August 31, 2015

BOSTON PARTNERS IN EDUCATION, INC. Financial Statements and Independent Auditors Report August 31, 2015 Financial Statements and Independent Auditors Report Randall S. Davis & Company LLP Certified Public Accountants Creating Value From Numbers To the Board of Directors of Boston Partners in Education, Inc.

More information

AMERICA CAN! CARS FOR KIDS

AMERICA CAN! CARS FOR KIDS ANNUAL FINANCIAL REPORT FOR THE YEAR ENDED AUGUST 31, 2014 C O N T E N T S Page INDEPENDENT AUDITOR S REPORT... 1 FINANCIAL STATEMENTS Statement of Financial Position... 3 Statement of Activities... 4

More information

COLORADO WOMEN'S EMPLOYMENT AND EDUCATION, INC. DBA CENTER FOR WORK EDUCATION AND EMPLOYMENT, INC.

COLORADO WOMEN'S EMPLOYMENT AND EDUCATION, INC. DBA CENTER FOR WORK EDUCATION AND EMPLOYMENT, INC. Financial Statements and Independent Auditors' Report June 30, 2014 and 2013 Table of Contents Page Independent Auditors' Report...1 Financial Statements Statements of Financial Position...3 Statements

More information

Chesapeake Church. Financial Report (Reviewed) December 31, 2013

Chesapeake Church. Financial Report (Reviewed) December 31, 2013 Financial Report (Reviewed) December 31, 2013 Contents Independent Accountant s Review Report 1 Financial Statements Balance sheet 2 Statement of activities 3 Statement of functional expenses 4 Statement

More information

NEW LIFE CHURCH AND AFFILIATE

NEW LIFE CHURCH AND AFFILIATE CONSOLIDATED FINANCIAL STATEMENTS With Independent Auditors' Report December 31, 2013 and 2012 Table of Contents Independent Auditors' Report 1 Financial Statements Consolidated Statements of Financial

More information

BROOKWOOD CHURCH. Financial Statements With Independent Auditors Report. Year Ended September 30, 2013 and Thirteen Months Ended September 30, 2012

BROOKWOOD CHURCH. Financial Statements With Independent Auditors Report. Year Ended September 30, 2013 and Thirteen Months Ended September 30, 2012 Financial Statements With Independent Auditors Report Year Ended September 30, 2013 and Thirteen Months Ended September 30, 2012 Table of Contents Independent Auditors Report 1 Financial Statements Statements

More information

MOZILLA FOUNDATION AND SUBSIDIARY

MOZILLA FOUNDATION AND SUBSIDIARY MOZILLA FOUNDATION AND SUBSIDIARY DECEMBER 31, 2006 AND 2005 INDEPENDENT AUDITORS' REPORT AND CONSOLIDATED FINANCIAL STATEMENTS Independent Auditors' Report and Consolidated Financial Statements Independent

More information

JOBS FOR ARIZONA S GRADUATES, INC. (A Non-Profit Corporation) FINANCIAL STATEMENTS. Years Ended June 30, 2015 and 2014

JOBS FOR ARIZONA S GRADUATES, INC. (A Non-Profit Corporation) FINANCIAL STATEMENTS. Years Ended June 30, 2015 and 2014 JOBS FOR ARIZONA S GRADUATES, INC. (A Non-Profit Corporation) FINANCIAL STATEMENTS Years Ended June 30, 2015 and 2014 JOBS FOR ARIZONA S GRADUATES, INC. FINANCIAL STATEMENTS Years Ended June 30, 2015 and

More information

Bridges of America - The Jacksonville Bridge, Inc. Orlando, Florida

Bridges of America - The Jacksonville Bridge, Inc. Orlando, Florida Bridges of America - The Jacksonville Bridge, Inc. Orlando, Florida Financial Statements and Supplemental Information Year Ended June 30, 2010 Contents Page Independent Auditor s Report 1 Financial Statements

More information

DRUG ABUSE COUNSELORS - POLITICAL ACTION COMMITTEE

DRUG ABUSE COUNSELORS - POLITICAL ACTION COMMITTEE COMBINED FINANCIAL STATEMENTS NATIONAL ASSOCIATION OF ALCOHOLISM AND DRUG ABUSE COUNSELORS NATIONAL ASSOCIATION OF ALCOHOLISM AND DRUG ABUSE COUNSELORS - POLITICAL ACTION COMMITTEE FOR THE YEAR ENDED DECEMBER

More information

RUSSELL BYERS CHARTER SCHOOL FINANCIAL STATEMENTS YEAR ENDED JUNE 30, 2016

RUSSELL BYERS CHARTER SCHOOL FINANCIAL STATEMENTS YEAR ENDED JUNE 30, 2016 FINANCIAL STATEMENTS YEAR ENDED FOR THE YEAR ENDED TABLE OF CONTENTS Page INDEPENDENT AUDITOR'S REPORT 1-2 MANAGEMENT'S DISCUSSION AND ANALYSIS 3-6 BASIC FINANCIAL STATEMENTS Government-Wide Financial

More information

Guelph Chamber of Commerce Financial Statements For the Year Ended June 30, 2015

Guelph Chamber of Commerce Financial Statements For the Year Ended June 30, 2015 Financial Statements For the Year Ended June 30, 2015 Financial Statements For the Year Ended June 30, 2015 Contents Independent Auditor's Report 1 Financial Statements Statement of Financial Position

More information

SAMPLE CONSTRUCTION COMPANY. FINANCIAL STATEMENT AND SUPPLENTARY INFORMANTION For the Year Ended December 31, 2011

SAMPLE CONSTRUCTION COMPANY. FINANCIAL STATEMENT AND SUPPLENTARY INFORMANTION For the Year Ended December 31, 2011 FINANCIAL STATEMENT AND SUPPLENTARY INFORMANTION For the Year Ended December 31, 2011 The financial statement, prepared by an independent Certified Public Accountant, is essential for bonding purposes.

More information

Audited Financial Statements. Quincy Catholic Academy of Quincy, Massachusetts, Inc.

Audited Financial Statements. Quincy Catholic Academy of Quincy, Massachusetts, Inc. Audited Financial Statements Quincy Catholic Academy of Quincy, Massachusetts, Inc. June 30, 2015 Quincy Catholic Academy of Quincy, Massachusetts, Inc. Audited Financial Statements June 30, 2015 INDEPENDENT

More information

UNIVERSITY CITY CHILDREN S CENTER AND SUBSIDIARY CONSOLIDATED FINANCIAL STATEMENTS WITH SUPPLEMENTARY INFORMATION DECEMBER 31, 2014 AND 2013

UNIVERSITY CITY CHILDREN S CENTER AND SUBSIDIARY CONSOLIDATED FINANCIAL STATEMENTS WITH SUPPLEMENTARY INFORMATION DECEMBER 31, 2014 AND 2013 AND SUBSIDIARY CONSOLIDATED FINANCIAL STATEMENTS WITH SUPPLEMENTARY INFORMATION DECEMBER 31, 2014 AND 2013 DECEMBER 31, 2014 AND 2013 Table of Contents Page Independent Auditors' Report 1 Consolidated

More information

COMMUNITY BLOOD CENTERS OF FLORIDA, INC. AND AFFILIATE

COMMUNITY BLOOD CENTERS OF FLORIDA, INC. AND AFFILIATE CONSOLIDATED FINANCIAL STATEMENTS CONTENTS Independent Auditors Report...1 Consolidated Financial Statements Statement of Financial Position... 2-3 Statement of Activities and Changes in Net Assets...4

More information

OPERATION BLESSING INTERNATIONAL RELIEF AND DEVELOPMENT CORPORATION AND AFFILIATED ORGANIZATIONS. Combined Financial Statements

OPERATION BLESSING INTERNATIONAL RELIEF AND DEVELOPMENT CORPORATION AND AFFILIATED ORGANIZATIONS. Combined Financial Statements Combined Financial Statements (With Independent Auditors Report Thereon) KPMG LLP Suite 1900 440 Monticello Avenue Norfolk, VA 23510 Independent Auditors Report The Board of Directors Operation Blessing

More information

Bridges of America - The Turning Point Bridge, Inc. Orlando, Florida

Bridges of America - The Turning Point Bridge, Inc. Orlando, Florida Bridges of America - The Turning Point Bridge, Inc. Orlando, Florida Financial Statements and Supplementary Information Year Ended June 30, 2014 Table of Contents Page Independent Auditor s Report 1 Financial

More information

Financial Statements. August 31, 2013. Table of Contents

Financial Statements. August 31, 2013. Table of Contents Financial Statements August 31, 2013 Table of Contents Page Independent Auditors' Report 1 Statement of Operations 3 Statement of Changes in Net Assets 4 Statement of Financial Position 5 Statement of

More information

The International Centre for Missing and Exploited Children and ICMEC Limited. Consolidated Financial Report December 31, 2013

The International Centre for Missing and Exploited Children and ICMEC Limited. Consolidated Financial Report December 31, 2013 The International Centre for Missing and Exploited Children and ICMEC Limited Consolidated Financial Report December 31, 2013 Contents Independent Auditor s Report 1 Financial Statements Consolidated Statement

More information

FoodCorps, Inc. Financial Statements and Auditor s Report. For the Period Ended June 30, 2011

FoodCorps, Inc. Financial Statements and Auditor s Report. For the Period Ended June 30, 2011 Financial Statements and Auditor s Report For the Period Ended June 30, 2011 Table of Contents Independent Auditor s Report Financial Statements: Statement of Financial Position Page 4 Statement of Activities

More information

MUSEUM OF DESIGN-ATLANTA, INC. AUDITED FINANCIAL STATEMENTS WITH INDEPENDENT AUDITORS REPORT FOR THE YEARS ENDED DECEMBER 31, 2014 AND 2015

MUSEUM OF DESIGN-ATLANTA, INC. AUDITED FINANCIAL STATEMENTS WITH INDEPENDENT AUDITORS REPORT FOR THE YEARS ENDED DECEMBER 31, 2014 AND 2015 AUDITED FINANCIAL STATEMENTS WITH INDEPENDENT AUDITORS REPORT R. Michael LaBounty & Associates, P.C. Certified Public Accountants 2750 Buford Highway, Suite 247 Atlanta, Georgia 30324 TABLE OF CONTENTS

More information

Financial Statements and Independent Auditor s Report. Nonprofit Management Services of Colorado

Financial Statements and Independent Auditor s Report. Nonprofit Management Services of Colorado Financial Statements and Independent Auditor s Report Nonprofit Management Services of Colorado TABLE OF CONTENTS INDEPENDENT AUDITOR S REPORT 3 Page FINANCIAL STATEMENTS STATEMENT OF FINANCIAL POSITION

More information

SPREAD THE WORD NEVADA FINANCIAL STATEMENTS JUNE 30, 2016

SPREAD THE WORD NEVADA FINANCIAL STATEMENTS JUNE 30, 2016 FINANCIAL STATEMENTS FINANCIAL STATEMENTS Table of Contents Independent Auditor s Report... 1 Financial Statements: Statement of Financial Position... 2 Statement of Activities... 3 Statement of Functional

More information

Orange County s United Way

Orange County s United Way Financial Statements Years Ended June 30, 2015 and 2014 The report accompanying these financial statements was issued by BDO USA, LLP, a Delaware limited liability partnership and the U.S. member of BDO

More information

SEAGULL ACADEMY FOR INDEPENDENT LIVING - A PROGRAM OF SEAGULL INDUSTRIES FOR THE DISABLED, INC. REPORT ON AUDIT OF FINANCIAL STATEMENTS

SEAGULL ACADEMY FOR INDEPENDENT LIVING - A PROGRAM OF SEAGULL INDUSTRIES FOR THE DISABLED, INC. REPORT ON AUDIT OF FINANCIAL STATEMENTS LIVING - A PROGRAM OF SEAGULL INDUSTRIES FOR THE DISABLED, INC. REPORT ON AUDIT OF FINANCIAL STATEMENTS TABLE OF CONTENTS INDEPENDENT AUDITOR'S REPORT 1 PAGE MANAGEMENT S DISCUSSION AND ANALYSIS 2-5 GOVERNMENT-WIDE

More information

CAPE BRETON BUSINESS PARTNERSHIP INC.

CAPE BRETON BUSINESS PARTNERSHIP INC. Financial Statements of CAPE BRETON BUSINESS PARTNERSHIP INC. INDEPENDENT AUDITORS' REPORT To the Directors of Cape Breton Business Partnership Inc. We have audited the accompanying financial statements

More information

MINNESOTA COUNCIL OF CHURCHES MINNEAPOLIS, MINNESOTA FINANCIAL STATEMENTS DECEMBER 31, 2012 AND 2011

MINNESOTA COUNCIL OF CHURCHES MINNEAPOLIS, MINNESOTA FINANCIAL STATEMENTS DECEMBER 31, 2012 AND 2011 MINNEAPOLIS, MINNESOTA FINANCIAL STATEMENTS DECEMBER 31, 2012 AND 2011 TABLE OF CONTENTS Page INDEPENDENT AUDITOR S REPORT 1-2 FINANCIAL STATEMENTS Statements of Financial Position 3-4 Statements of Activities

More information

Bridges of America - The Orlando Bridge, Inc. Orlando, Florida Financial Statements and Supplemental Information Year Ended June 30, 2011

Bridges of America - The Orlando Bridge, Inc. Orlando, Florida Financial Statements and Supplemental Information Year Ended June 30, 2011 Bridges of America - The Orlando Bridge, Inc. Orlando, Florida Financial Statements and Supplemental Information Year Ended June 30, 2011 Table of Contents Page Independent Auditor s Report 1 Financial

More information

GRACE CHURCH CONSOLIDATED FINANCIAL STATEMENTS YEARS ENDED MAY 31, 2012 AND 2011

GRACE CHURCH CONSOLIDATED FINANCIAL STATEMENTS YEARS ENDED MAY 31, 2012 AND 2011 CONSOLIDATED FINANCIAL STATEMENTS YEARS ENDED MAY 31, 2012 AND 2011 TABLE OF CONTENTS YEARS ENDED MAY 31, 2012 AND 2011 INDEPENDENT AUDITORS REPORT 1 CONSOLIDATED FINANCIAL STATEMENTS CONSOLIDATED STATEMENTS

More information

(A Non-Profit Organization) Annual Financial Report Year ended March 31, Prepared By: LaukaAssociates I CERTIFIED PUBLIC ACCOUNTANTS

(A Non-Profit Organization) Annual Financial Report Year ended March 31, Prepared By: LaukaAssociates I CERTIFIED PUBLIC ACCOUNTANTS (A Non-Profit Organization) Annual Financial Report Year ended Prepared By: LaukaAssociates I CERTIFIED PUBLIC ACCOUNTANTS Table of Contents Page INDEPENDENT AUDITOR S REPORT FINANCIAL STATEMENTS Statement

More information

September 30, 2015 and 2014

September 30, 2015 and 2014 Combined Financial Statements and Report of Independent Certified Public Accountants Corporation for Public Broadcasting and Affiliate Contents Report of Independent Certified Public Accountants 3 4 Financial

More information

AUSTIN STONE COMMUNITY CHURCH FINANCIAL STATEMENTS AND INDEPENDENT AUDITORS' REPORT JULY 31, 2014 AND 2013

AUSTIN STONE COMMUNITY CHURCH FINANCIAL STATEMENTS AND INDEPENDENT AUDITORS' REPORT JULY 31, 2014 AND 2013 FINANCIAL STATEMENTS AND INDEPENDENT AUDITORS' REPORT C O N T E N T S Page Independent Auditors' Report 1 Financial Statements Statements of Financial Position 3 Statements of Activities 4 Statements of

More information

FINANCIAL STATEMENTS. For the Years Ended March 31, 2014 and 2013 with Independent Auditors Report

FINANCIAL STATEMENTS. For the Years Ended March 31, 2014 and 2013 with Independent Auditors Report FINANCIAL STATEMENTS For the Years Ended with Independent Auditors Report FINANCIAL STATEMENTS CONTENTS Page Independent Auditors Report... 1-2 Financial Statements: Statements of Financial Position...3

More information

Financial Statements. Young Women's Christian Association of Greater Toronto December 31, 2014

Financial Statements. Young Women's Christian Association of Greater Toronto December 31, 2014 Financial Statements Young Women's Christian Association of Greater Toronto INDEPENDENT AUDITORS' REPORT To the Members of Young Women's Christian Association of Greater Toronto REPORT ON THE FINANCIAL

More information

United Cerebral Palsy, Inc. Financial Report September 30, 2008

United Cerebral Palsy, Inc. Financial Report September 30, 2008 Financial Report September 30, 2008 Contents Independent Auditor s Report 1 Financial Statements Consolidated Statement Of Financial Position 2 Consolidated Statement Of Activities 3 Consolidated Statement

More information

FINANCIAL STATEMENTS AND REPORT OF INDEPENDENT CERTIFIED PUBLIC ACCOUNTANT THE SUPPLY EDUCATION GROUP A NONPROFIT CORPORATION.

FINANCIAL STATEMENTS AND REPORT OF INDEPENDENT CERTIFIED PUBLIC ACCOUNTANT THE SUPPLY EDUCATION GROUP A NONPROFIT CORPORATION. FINANCIAL STATEMENTS AND REPORT OF INDEPENDENT CERTIFIED PUBLIC ACCOUNTANT THE SUPPLY EDUCATION GROUP December 31, 2012 CONTENTS Page Report of Independent Certified Public Accountant 3 Financial Statements

More information

THE TREVOR PROJECT (A NONPROFIT ORGANIZATION) FINANCIAL STATEMENTS FOR THE YEAR ENDED JULY 31, 2012 (WITH COMPARATIVE TOTALS FOR THE YEAR ENDED JULY

THE TREVOR PROJECT (A NONPROFIT ORGANIZATION) FINANCIAL STATEMENTS FOR THE YEAR ENDED JULY 31, 2012 (WITH COMPARATIVE TOTALS FOR THE YEAR ENDED JULY FINANCIAL STATEMENTS FOR THE YEAR ENDED JULY 31, 2012 (WITH COMPARATIVE TOTALS FOR THE YEAR ENDED JULY 31, 2011) CONTENTS July 31, 2012 Page INDEPENDENT AUDITOR S REPORT 1 FINANCIAL STATEMENTS Statement

More information

Independent Auditor s Report

Independent Auditor s Report Combined Financial Statements Christian Care Retirement Apartments, Inc. Christian Care Assisted Living (Phoenix), Inc. Christian Care Mesa, Inc. www.eidebailly.com Table of Contents Independent Auditor

More information

Financial Statements March 31, 2013 Independent Auditors Report To the Board of Child and Family All Nations Coordinated Response Network Inc.: We have audited the accompanying financial statements of

More information

Sistema Infantil Teleton USA, dba Children s Rehabilitation Institute of Teleton USA and Subsidiary

Sistema Infantil Teleton USA, dba Children s Rehabilitation Institute of Teleton USA and Subsidiary Sistema Infantil Teleton USA, dba Children s Rehabilitation Institute of Teleton USA and Subsidiary Consolidated Financial Statements and Supplementary Information December 31, 2015 and 2014 Institute

More information

WISHES & MORE AUDITED FINANCIAL STATEMENTS DECEMBER 31, 2014

WISHES & MORE AUDITED FINANCIAL STATEMENTS DECEMBER 31, 2014 AUDITED FINANCIAL STATEMENTS DECEMBER 31, 2014 SCHLENNER WENNER & CO. Certified Public Accountants & Business Consultants TABLE OF CONTENTS Independent Auditors' Report... 1 Statements of Financial Position...

More information

Wagoner County Rural Water District No. 5 Coweta, Oklahoma

Wagoner County Rural Water District No. 5 Coweta, Oklahoma Wagoner County Rural Water District No. 5 Financial Statements and Auditor s Reports Year Ended Audited by SANDERS, BLEDSOE & HEWETT CERTIFIED PUBLIC ACCOUNTANTS, LLP BROKEN ARROW, OK Wagoner County Rural

More information

SAMPLE LENDING U.S.A. CORPORATION INDEPENDENT AUDITORS' REPORT AND FINANCIAL STATEMENTS AND SUPPLEMENTARY INFORMATION

SAMPLE LENDING U.S.A. CORPORATION INDEPENDENT AUDITORS' REPORT AND FINANCIAL STATEMENTS AND SUPPLEMENTARY INFORMATION SAMPLE LENDING USA CORPORATION INDEPENDENT AUDITORS' REPORT AND FINANCIAL STATEMENTS AND SUPPLEMENTARY INFORMATION FOR THE YEAR ENDED DECEMBER 31, 2012 ACME AUDITORS ---------------------------- Certified

More information

Homeless Animals Rescue Team, Inc. Financial Statements (with independent auditors report) For the years ended December 31, 2012 and 2011

Homeless Animals Rescue Team, Inc. Financial Statements (with independent auditors report) For the years ended December 31, 2012 and 2011 Homeless Animals Rescue Team, Inc. Financial Statements (with independent auditors report) For the years ended December 31, 2012 and 2011 Table of Contents Independent Auditor s Report Financial Statements

More information

Grace Medical Home, Inc. Financial Statements

Grace Medical Home, Inc. Financial Statements Grace Medical Home, Inc. Financial Statements For The Years Ended December 31, 2013 and 2012 REPORT OF INDEPENDENT AUDITORS The Board of Directors Grace Medical Home, Inc. Orlando, Florida We have audited

More information

NEW YORK THEATRE WORKSHOP, INC. FINANCIAL STATEMENTS AND SUPPLEMENTAL INFORMATION JUNE 30, 2014 AND 2013

NEW YORK THEATRE WORKSHOP, INC. FINANCIAL STATEMENTS AND SUPPLEMENTAL INFORMATION JUNE 30, 2014 AND 2013 FINANCIAL STATEMENTS AND SUPPLEMENTAL INFORMATION TABLE OF CONTENTS Independent Auditor s Report... 1-2 Page Financial Statements Statements of Financial Position... 3 Statements of Activities... 4-5 Statements

More information

GENEVA HOUSE, INC. PROJECT NO. 034-11177 FINANCIAL STATEMENTS WITH SUPPLEMENTARY INFORMATION AND INDEPENDENT AUDITOR S REPORT DECEMBER 31, 2013 AND

GENEVA HOUSE, INC. PROJECT NO. 034-11177 FINANCIAL STATEMENTS WITH SUPPLEMENTARY INFORMATION AND INDEPENDENT AUDITOR S REPORT DECEMBER 31, 2013 AND FINANCIAL STATEMENTS WITH SUPPLEMENTARY INFORMATION AND INDEPENDENT AUDITOR S REPORT DECEMBER 31, 2013 AND 2012 CONTENTS INDEPENDENT AUDITOR S REPORT ON THE FINANCIAL STATEMENTS 1-2 FINANCIAL STATEMENTS

More information

Gulf Harbour Golf & Country Club, Inc. Financial Report June 30, 2012

Gulf Harbour Golf & Country Club, Inc. Financial Report June 30, 2012 Gulf Harbour Golf & Country Club, Inc. Financial Report June 30, 2012 Contents Independent Auditor s Report on the Financial Statements 1 Financial Statements Statement of financial position 2 Statement

More information

CROSS (A NONPROFIT CORPORATION) FINANCIAL STATEMENTS FOR THE YEAR ENDED DECEMBER 31, 2013

CROSS (A NONPROFIT CORPORATION) FINANCIAL STATEMENTS FOR THE YEAR ENDED DECEMBER 31, 2013 (A NONPROFIT CORPORATION) FINANCIAL STATEMENTS FOR THE YEAR ENDED TABLE OF CONTENTS Page No. INDEPENDENT AUDITOR'S REPORT 3 FINANCIAL STATEMENTS Statement of Financial Position 5 Statement of Activities

More information