AUDIT SUMM - SINGLE AUDIT FY02

S TATE OF R HODE I SLAND-GENERAL A SSEMBLY OFFICE of the AUDITOR GENERAL AUDIT SUMMARYERNEST A. ALMONTE, CPA, CFE AUDITOR GENERAL INTEGRITY ♦ RELIABILITY ♦ INDEPENDENCE ♦ ACCOUNTABILITY ernest.almonte@oag.ri.gov NOVEMBER 2003 incomplete recording of the liability for compensated absences, and (3) the SINGLE AUDIT REPORT omission of certain fines and penalties FISCAL YEAR ENDED JUNE 30, 2002 revenue and receivable as assessed by the Judicial branch. We also We completed our Single Audit of the concluded that, except for the omission Convention Center, Employment Security) State for the fiscal year ended June 30, of encumbrances outstanding as a and Discretely Presented Component Units reserved component of fund balances 2002. This audit is required by both State (entities that are legally separate but for and Federal law. The Single Audit Report and the effects of not reporting certain which the State is financially accountable). includes the State’s basic financial fines and penalties revenue and Financial statements are also presented for statements, a schedule of federal program receivable within the general fund, the major funds of the State which focus on the expenditures, and findings and State’s major governmental funds are individual parts of State government and recommendations pertaining to the fairly presented. provide more detail than the government-financial statements and federal programs. ...