Lenoir Community College - Financial Statement Audit

STATE OF N ORTH CAROLINA LENOIR COMMUNITY COLLEGE KINSTON, NORTH CAROLINA FINANCIAL STATEMENT AUDIT REPORT FOR THE YEAR ENDED JUNE 30, 2010 OFFICE OF THE STATE AUDITOR BETH A. WOOD, CPA STATE AUDITOR LENOIR COMMUNITY COLLEGE KINSTON, NORTH CAROLINA FINANCIAL STATEMENT AUDIT REPORT FOR THE YEAR ENDED JUNE 30, 2010 STATE BOARD OF COMMUNITY COLLEGES THE NORTH CAROLINA CCOLLEGE SYSTEM DR. R. SCOTT RALLS, PRESIDENT BOARD OF TRUSTEES GRADY E. BETHEL, CHAIRMAN ADMINISTRATIVE OFFICERS DR. A. BRANTLEY BRILEY, PRESIDENT DEBORAH SUTTON, VICE PRESIDENT OF ADMINISTRATIVE SERVICES STATE OF NORTH CAROLINA Office of the State Auditor 2 S. Salisbury Street 20601 Mail Service Center Raleigh, NC 27699-0601 Telephone: (919) 807-7500 Beth A. Wood, CPA Fax: (919) 807-7647 State Auditor Internet http://www.ncauditor.net AUDITOR’S TRANSMITTAL The Honorable Beverly Eaves Perdue, Governor The General Assembly of North Carolina Board of Trustees, Lenoir Community College We have completed a financial statement audit of Lenoir Community College for the year ended June 30, 2010, and our audit results are included in this report. You will note from the independent auditor’s report that we determined that the financial statements are presented fairly in all material respects. The results of our tests disclosed no deficiencies in internal control over financial reporting that we consider to be material weaknesses in relation to our ...