Benton Harbor Charter School 2008 Audit

BENTON HARBOR CHARTER SCHOOL ACADEMY REPORT ON FINANCIAL STATEMENTS (with required supplementary and additional information) YEAR ENDED JUNE 30, 2008 i C O N T E N T S Page Independent auditors’ report......................................................................................................iv - v Management’s Discussion and Analysis ...................................................................................vi - xii Basic financial statements .............................................................................................................. 1 Government-wide financial statements Statement of net assets ......................................................................................................... 2 Statement of activities.... 3 Fund financial statements Balance sheet - governmental funds .................................................................................... 4 Statement of revenues, expenditures and changes in fund balances - governmental funds.............................................................................................................. 5 Reconciliation of the statement of revenues, expenditures and changes in fund balances of governmental funds to the statement of activities..................................... 6 Fiduciary funds Statement of fiduciary assets and liabilities ....................... ...