Full audit report

SOUTHWESTERN OREGON COMMUNITY COLLEGE DISTRICT ANNUAL FINANCIAL REPORT For the Year Ended June 30, 2005 SOUTHWESTERN OREGON COMMUNITY COLLEGE DISTRICT ANNUAL FINANCIAL REPORT For the Year Ended June 30, 2005 TABLE OF CONTENTS Page COLLEGE DISTRICT OFFICIALS 1 FINANCIAL SECTION Independent Auditor’s Report 2-3 Management’s Discussion and Analysis 4-14 Basic Financial Statements Statement of Net Assets 15-16 Statement of Revenues, Expenses, and Changes in Net Assets 17-18 Statement of Cash Flows 19-20 Notes to the Basic Financial Statements 21-39 Required Supplemental Information Schedule of Funding Progress for Employee Pension Plan 39 SUPPLEMENTAL FINANCIAL INFORMATION Combining Balance Sheet 40 Combining Schedule of Revenues, Expenditures and Changes in Fund Balances in Compliance with GAAP 41 Reconciliation of Combining Balance Sheet to Statement of Net Assets 42-43 Reconciliation of Combining Schedule of Revenues, Expenditures, and Changes in Fund Balance to Statement of Revenues, Expenses, and Changes in Net Assets 44-45 Combining, Individual Funds and Other Financial Schedules General Fund Schedule of Revenues, Expenditures, and Changes in Fund Balance - Budget and Actual (Non-GAAP Budgetary Basis) 46 Special Revenue Funds Combining Balance Sheet 47 Combining Schedule of Revenues, Expenditures, and ...