NH Municipal Bond Bank 2006 Audit

New Hampshire Municipal Bond Bank Basic Financial Statements and Management’s Discussion and Analysis Year Ended June 30, 2006 With Independent Auditors’ Report NEW HAMPSHIRE MUNICIPAL BOND BANK BASIC FINANCIAL STATEMENTS AND MANAGEMENT’S DISCUSSION AND ANALYSIS For the Year Ended June 30, 2006 TABLE OF CONTENTS Independent Auditors’ Report 1 Management’s Discussion and Analysis 2 Basic Financial Statements: Balance Sheets 6 Statements of Revenues, Expenses and Changes in Fund Equity 8 ents of Cash Flows 10 Notes to Financial Statements 14 INDEPENDENT AUDITORS’ REPORT Board of Directors New Hampshire Municipal Bond Bank We have audited the accompanying basic financial statements, consisting of the State Guaranteed Fund Group, Non-State Guaranteed Fund Group, Pinkerton Academy Fund Group and Coe-Brown Northwood Academy Fund Group, of New Hampshire Municipal Bond Bank as of and for the year ended June 30, 2006, as listed in the accompanying table of contents. These financial statements are the responsibility of the Bond Bank’s management. 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. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial ...