Coconino County June 30, 2004 Report Highlights Single Audit

Coconino CountyREPORTHIGHLIGHTS County’s CondensedSINGLE AUDIT Financial InformationSubjectCoconino County isresponsible for preparing The tables below present a summarized Statement of Activities as of and for thefinancial statements, version of the County’s government-wide year ended June 30, 2004.maintaining strong internal Statement of Net Assets andcontrols, anddemonstratingStatement of Net Assets Statement of Activities accountability for its use ofJune 30, 2004 Year Ended June 30, 2004 public monies. As the(In millions) (In millions) auditors, our job is to determine whether the Governmental Governmental County has met its Activities Activities responsibilities. Current and other assets $106.56 Program revenues $ 53.25 Capital assets 88.60 General revenues 49.67 Our Conclusion Total assets 195.16 Total revenues 102.92 Expenses: The information in the Current liabilities 9.84 General government 24.04 financial statements is Long-term liabilities 44.19 Public safety 23.54 fairly stated in all material Total liabilities 54.03 Highways and streets 14.28 respects and the financial Other 27.58 statements can be relied Net assets Total expenses 89.44 on. The County maintained Invested in capital assets, Change in net assets 13.48 adequate internal controls net of related debt 49.37 Net assets—beginning, as restated 127.65 Restricted net assets 38.07 over financial reporting. For—ending $141.13 ...