2010CLA.audit.final

COMMUNITY LEADERSHIP ACADEMYFINANCIAL STATEMENTSJune 30, 2010TABLE OF CONTENTSPAGEIndependent Auditors’ Report Management’s Discussion and Analysis i - viBasic Financial StatementsStatement of Net Assets 1Statement of Activities 2Balance Sheet - Governmental Funds 3Statement of Revenues, Expenditures and Changes in Fund Balances -Governmental Funds 4Statement of Net Assets - Proprietary Fund 5Statement of Revenues, Expenses and Changes in Net Assets -Proprietary Fund 6Statement of Cash Flows - Proprietary Fund 7Notes to Financial Statements 8 - 14Required Supplementary InformationBudgetary Comparison Schedule - General Fund 15Notes to Required Supplementary Information 16Supplementary InformationBudgetary Comparison Schedule - Grants Fund 17Certified Public AccountantsBoard of DirectorsCommunity Leadership AcademyCommerce City, ColoradoINDEPENDENT AUDITORS' REPORTWe have audited the accompanying financial statements of the governmental activities, the business-type activities,each major fund, and the aggregate remaining fund information ofthe Community Leadership Academy, componentunit of Adams County School District 14, as of and for the year ended June 30, 2010, which collectively comprisethe basic financial statements of the Community Leadership Academy, as listed in the table of contents. Thesefinancial statements are the responsibility of the Community Leadership Academy's management. Our responsibilityis to express opinions on these ...