Audit Report 09 Final

VOYAGEURS EXPEDITIONARY HIGH SCHOOL MINNESOTA CHARTER SCHOOL NO. 4107 BEMIDJI, MINNESOTA FINANCIAL STATEMENTS ANDINDEPENDENT AUDITORS’ REPORT JUNE 30, 2009 VOYAGEURS EXPEDITIONARY HIGH SCHOOL MINNESOTA CHARTER SCHOOL NO. 4107 BEMIDJI, MINNESOTA JUNE 30, 2009 TABLE OF CONTENTS Page OFFICIAL DIRECTORY 1 INDEPENDENT AUDITORS’ REPORT 2-3 REQUIRED SUPPLEMENTARY INFORMATION: Management’s Discussion and Analysis 4-14 FINANCIAL STATEMENTS: School-wide Financial Statements: Statement of Net Assets 15 Statement of Activities 16 Fund Financial Statements: Balance Sheet – Governmental Funds 17 Reconciliation of the Balance Sheet – Governmental Funds to the Statement of Net Assets 18 Statement of Revenues, Expenditures, and Changes in Fund Balances – Governmental Funds 19 Reconciliation of the Statement of Revenues, Expenditures, and Changes in Fund Balances – Governmental Funds to the Statement of Activities 20 Notes to Financial Statements 21-32 REQUIRED SUPPLEMENTARY INFORMATION: Budgetary Comparison Schedules: General Fund 33 Food Service Fund 34 Notes to the Required Supplementary Information 35 SUPPLEMENTARY INFORMATION: Fiscal Compliance Report – 6/30/2009 36 OTHER REPORTS: Report on Compliance Based on an Audit of the Financial Statements Performed in Accordance With the Minnesota Legal Compliance Audit Guide for Local Government 37 ...