Graham County Community College District June 30, 2010 Annual Financial Report and Single Audit

GRAHAM COUNTY COMMUNITY COLLEGE DISTRICT AnnuaualAnFinanancial ciReReport orJune 30, 2010 201 Graham County Community College District (Eastern Arizona College) Single Audit Reporting Package June 30, 2010 GRAHAM COUNTY COMMUNITY COLLEGE DISTRICT (EASTERN ARIZONA COLLEGE) Single Audit Reporting Package Year Ended June 30, 2010 Table of Contents Page Financial Section Independent Auditors’ Report 2 Management’s Discussion and Analysis 4 Basic Financial Statements Statement of Net Assets—Primary Government 9 Statement of Financial Position—Component Unit 10 Statement of Revenues, Expenses, and Changes in Net Assets—Primary 11 Government 12 Statement of Activities—Component Unit Statement of Cash Flows—Primary Government 13 Notes to Financial Statements 15 Supplementary Information Schedule of Expenditures of Federal Awards 27 Report on Internal Control over Financial Reporting and on Compliance and Other Matters Based on an Audit of Basic Financial Statements Performed in Accordance with Government Auditing Standards 30 Single Audit Section Report on Compliance with Requirements Applicable to Each Major Program and on Internal Control over Compliance in ...