Cochise County June 30, 2007 Report Highlights-Single Audit

Cochise CountyREPORTCounty’s CondensedHIGHLIGHTSSINGLE AUDIT Financial InformationSubjectStatement of Net AssetsCochise County is June 30, 2007responsible for preparing The County’s government-wide financial (In thousands)financial statements, statements provide readers with a broadmaintaining strong internal Totaloverview of the County’s finances in acontrols, and demonstrating Governmentalmanner similar to private-sector businesses.accountability for its use of andpublic monies. As the These statements report the financial Business-typeauditors, our job is to Activitiesactivities of the overall government, exceptdetermine whether the Current and other assets $ 83,195for fiduciary activities.County has met its Capital assets 144,633responsibilities. Total assets 227,828The tables to the right present a summarizedOur Conclusion version of the County’s government-wideCurrent liabilities 13,517Statement of Net Assets and Statement of Noncurrent liabilities 15,922The information in the Activities reported in the current year financial Total liabilities 29,439financial statements is fairlystatements.stated in all materialrespects, and the financial Net assets:statements can be relied The Statement of Net Assets presents Invested in capital assets,upon. Generally, the County information on the county assets and net of related debt 135,172maintained adequate Restricted net assets 25,965liabilities, with the difference ...