2009-10 WBAA Audit Report - DRAFT-1x

AUDIT REPORT OF WBAA-AM/FM RADIO STATION A PUBLIC TELECOMMUNICATIONS ENTITY OPERATED BY PURDUE UNIVERSITY TIPPECANOE COUNTY, INDIANA July 1, 2009 to June 30, 2010 WBAA-AM/FM RADIO STATION A PUBLIC TELECOMMUNICATIONS ENTITY OPERATED BY PURDUE UNIVERSITY Table of Contents Page Schedule of Officials 1 Independent Auditors’ Report 2 Management’s Discussion and Analysis (Unaudited) 3-8 Basic Financial Statements: Statement of Net Assets 9 Statement of Revenues, Expenses, and Changes in Net Assets 10 of Cash Flows 11 Notes to the Financial Statements 12-16 WBAA-AM/FM RADIO STATION A PUBLIC TELECOMMUNICATIONS ENTITY OPERATED BY PURDUE UNIVERSITY SCHEDULE OF OFFICIALS Office Term Official President of Purdue University France A. Cordova 07/16/07 to 06/30/10 Chairman of the Board of Trustees Keith J. Krach 07/01/09 to 06/30/10 Executive Vice-President and Alphonso V. Diaz 07/1/09 to 06/30/10 Treasurer Senior Vice-President for Business James S. Almond 07/01/09 to 06/30/10 Services and Assistant Treasurer General Manager – Timothy J. Singleton 02/01/07 to 06/30/10 WBAA AM/FM Radio Station 1 Independent Auditors’ Report To the Officials WBAA-AM/FM Radio Station A Public Telecommunications Entity Operated by Purdue University We have audited the accompanying statement of net assets of WBAA-AM/FM Radio Station (the “Station”), a public ...