Miles Community College Miles City, Montana, basic financial statements and supplementary information fiscal years ended June 30 ...

2005·3.6 MB·English

by  Montana. Legislature. Legislative Audit Division

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2005
STATE OF MONTANA
MILES COMMUNITY COLLEGE
MILES CITY, MONTANA
BASIC FINANCIAL
STATEMENTS AND SUPPLEMENTARY
INFORMATION
FISCAL YEARS ENDED JUNE 30, 2003 AND 2004
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MONTANA WATE
LIBRARY
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Prepared Under Contract With:
MONTANA LEGISLATIVE BRANCH, AUDIT DIVISION
POBox201705,HelenaMT59620-1705
MontanaStaleLibrary
3 0864 1003 5692 5
STATE OF MONTANA
MILES COMMUNITY COLLEGE
MILES CITY, MONTANA
BASIC FINANCIAL
STATEMENTS AND SUPPLEMENTARY
INFORMATION
FISCAL YEARS ENDED JUNE 30, 2003 AND 2004
CONDUCTED UNDER CONTRACT BY
CH MS, P.C.
CONTACT: TARA LEE HILL, CPA
PHONE #: [phone]
Digitized by the Internet Archive
in 2012 with funding from
Montana State Library
http://archive.org/details/milescommunityco05mont
MILES COMMUNITY COLLEGE
MILES CITY, MONTANA
JUNE 30, 2003 AND 2004
TABLE OF CONTENTS
Page
Transmittal Letter 1
Appointive and Administrative Officials 2
Recommendations 3 - 4
Prior Audit Recommendations 4
Management's Discussion and Analysis 5-12
INDEPENDENT AUDITOR'S REPORT 13-14
FINANCIAL STATEMENTS
Statements of Net Assets 15
Statements of Revenues, Expenses, and Changes in
Net Assets 16
Statements of Cash Flows 17
Notes to the Financial Statements 18 - 30
SUPPLEMENTARY INFORMATION
Functional Classification of Operating Expenses, for the
Year ended June 30, 2003 31
Functional Classification of Operating Expenses, for the
Year ended June 30, 2004 32
Student Financial Aid Modified Statement of Cash Receipts
And Disbursements, For the Year Ended June 30, 2003 33
Student Financial Aid Modified Statement of Cash Receipts
And Disbursements, For the Year Ended June 30, 2004 34
Schedule of Expenditures - Student Financial Assistance
Programs, For the Years Ended June 30, 2003 and 2004 35

MILES COMMUNITY COLLEGE
MILES CITY, MONTANA
JUNE 30, 2003 AND 2004
TABLE OF CONTENTS
Page
Schedule of Enrollment Statistics, For the Years
Ended June 30, 2003 and 2004 36
Schedule Of Expenditures Of Federal Awards, For The Year
Ended June 30, 2003 37
Schedule Of Expenditures Of Federal Awards, For The Year
Ended June 30, 2004 38
REPORT ON INTERNAL CONTROL OVER FINANCIAL REPORTING
AND ON COMPLIANCE AND OTHER MATTERS BASED ON AN
AUDIT OF FINANCIAL STATEMENTS PERFORMED IN
ACCORDANCE WITH GOVERNMENTAUDITING STANDARDS 39 - 40
REPORT ON COMPLIANCE WITH REQUIREMENTS APPLICABLE TO
EACH MAJOR PROGRAM AND ON INTERNAL CONTROL OVER
COMPLIANCE IN ACCORDANCE WITH OMB CIRCULAR A-133 41 -42
SCHEDULE OF FINDINGS 43-45
College Reply 46-47