Gila County Provisional Community College District report on audit of annual budgeted expenditure limitation report year ended June 30, ...

              A REPORT

ARIZONA LEGISLATURE

TO THE



Financial Audit Division Expenditure Limitation Report



Gila County Provisional Community College District

Year Ended June 30, 2004



Debra K. Davenport Auditor General



The Auditor General is appointed by the Joint Legislative Audit Committee, a bipartisan committee composed of five senators and five representatives. Her mission is to provide independent and impartial information and specific recommendations to improve the operations of state and local government entities. To this end, she provides financial audits and accounting services to the State and political subdivisions, investigates possible misuse of public monies, and conducts performance audits of school districts, state agencies, and the programs they administer.



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Gila County Provisional Community College District Report on Audit of Annual Budgeted Expenditure Limitation Report Year Ended June 30, 2004



Table of Contents

Independent Auditors' Report Annual Budgeted Expenditure Limitation Report--Part I Annual Budgeted Expenditure Limitation Report--Part II Note to Annual Budgeted Expenditure Limitation Report



Page

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DEBRA K. DAVENPORT, CPA AUDITOR GENERAL



STATE OF ARIZONA OFFICE OF THE AUDITOR GENERAL



WILLIAM THOMSON DEPUTY AUDITOR GENERAL



Independent Auditors' Report



Members of the Arizona State Legislature The Governing Board of Gila County Provisional Community College District We have audited the accompanying Annual Budgeted Expenditure Limitation Report of Gila County Provisional Community College District for the year ended June 30, 2004. This report is the responsibility of the District's management. Our responsibility is to express an opinion on this report based on our audit. We conducted our audit in accordance with U.S. generally accepted auditing standards. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the report is free of material misstatement. An audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the report. An audit also includes assessing the accounting principles used and significant estimates made by management, as well as evaluating the overall report presentation. We believe that our audit provides a reasonable basis for our opinion. The accompanying Annual Budgeted Expenditure Limitation Report was prepared for the purpose of complying with the uniform expenditure reporting system as discussed in the Note, and is not intended to be a presentation in conformity with U.S. generally accepted accounting principles. In our opinion, the Annual Budgeted Expenditure Limitation Report of Gila County Provisional Community College District for the year ended June 30, 2004, referred to above presents fairly, in all material respects, the information required by the uniform expenditure reporting system on the basis of accounting described in the Note. This report is intended solely for the information and use of the members of the Arizona State Legislature and the Governing Board, and for filing with the Auditor General of the State of Arizona, and is not intended to be and should not be used by anyone other than these specified parties. However, this report is a matter of public record, and its distribution is not limited.



Dennis L. Mattheisen, CPA Financial Audit Director November 16, 2006



2910 NORTH 44



th



STREET   SUITE 410   PHOENIX, ARIZONA 85018   (602) 553-0333   FAX (602) 553-0051



Gila County Provisional Community College District Annual Budgeted Expenditure Limitation Report--Part I Year Ended June 30, 2004

1. Economic Estimates Commission expenditure limitation 2. Total amount subject to the expenditure limitation (from Part II, Line C) 3. Amount under the expenditure limitation $4,470,480 2,399,603 $2,070,877



I hereby certify, to the best of my knowledge and belief, that the information contained in this report is accurate and in accordance with the requirements of the uniform expenditure reporting system. Signature of Chief Fiscal Officer: Name and Title: Bob Ashford, Governing Board President Telephone Number: (928) 425-8481 Date: November 16, 2006



See accompanying note to report.

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Gila County Provisional Community College District Annual Budgeted Expenditure Limitation Report--Part II Year Ended June 30, 2004



Description A. Total budgeted expenditures B. Less exclusions claimed C. Amounts subject to the expenditure limitation $



General Fund 2,399,603 2,399,603



$



See accompanying note to report. 3



Gila County Provisional Community College District Note to Annual Budgeted Expenditure Limitation Report Year Ended June 30, 2004 Note Summary of Significant Accounting Policies

The Annual Budgeted Expenditure Limitation Report (ABELR) is presented on the basis of accounting prescribed by the uniform expenditure reporting system (UERS), as required by Arizona Revised Statutes  41-1279.07, which excludes expenditures of certain revenues specified in the Arizona Constitution, Article IX,  21, from the total budgeted expenditures. The information reported in both the ABELR and the financial statements is derived from the same underlying accounting data. However, the formats of ABELR and the financial statements differ. The ABELR presents budgeted expenditures, exclusions, and amounts subject to the limitation by fund type as required by A.R.S.  41-1279.07. The financial statements present the net assets and changes in net assets in accordance with U.S. generally accepted accounting principles.



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