Audit Tool Last Revised February 2005

NORFOLK STATE UNIVERSITY INTERCOLLEGIATE ATHLETICS PROGRAMSFOR THE YEAR ENDEDJUNE 30, 2006- T A B L E O F C O N T E N T S - Pages INDEPENDENT AUDITOR’S REPORT ON APPLICATION OF AGREED-UPON PROCEDURES 1- 5 SCHEDULE: Schedule of Revenues and Expenses of Intercollegiate Athletics Programs 7 Notes to the Schedule of Revenues and Expenses of Intercollegiate Athletics Programs 8- 9 UNIVERSITY OFFICIALS 10 January 11, 2007 The Honorable Timothy M. Kaine Governor of Virginia The Honorable Thomas K. Norment, Jr. Chairman, Joint Legislative Audit And Review Commission Dr. Carolyn W. Meyers President, Norfolk State University INDEPENDENT AUDITOR’S REPORT ON APPLICATION OF AGREED-UPON PROCEDURES We have performed the procedures enumerated below, which were agreed to by the President of Norfolk State University (University) solely to assist the University in evaluating whether the accompanying Schedule of Revenues and Expenses of Intercollegiate Athletics Programs of the University is in compliance with National Collegiate Athletic Association (NCAA) Bylaw 6.2.3, for the year ended June 30, 2006. The University’s management is responsible for the Schedule of Revenues and Expenses of Intercollegiate Athletics Programs (Schedule) and the Schedule’s compliance with NCAA requirements. This agreed-upon procedures engagement was conducted in accordance with attestation standards ...