Pinal County Community College District June 30, 2008 Single Audit

A REPORTTO THEARIZONA LEGISLATUREFinancial Audit DivisionSingle AuditPinal County CommunityCollege District(Central Arizona College)Year Ended June 30, 2008Debra K. DavenportAuditor GeneralThe Auditor General is appointed by the Joint Legislative Audit Committee, a bipartisan committee composed of fivesenators and five representatives. Her mission is to provide independent and impartial information and specificrecommendations to improve the operations of state and local government entities. To this end, she provides financialaudits and accounting services to the State and political subdivisions, investigates possible misuse of public monies, andconducts performance audits of school districts, state agencies, and the programs they administer.Copies of the Auditor General’s reports are free.You may request them by contacting us at:Office of the Auditor General2910 N. 44th Street, Suite 410 • Phoenix, AZ 85018 • (602) 553-0333Additionally, many of our reports can be found in electronic format at:www.azauditor.govPinal County Community College District (Central Arizona College) Single Audit Reporting Package Year Ended June 30, 2008 Table of Contents Page Financial Section Independent Auditors’ Report Management’s Discussion and Analysis i Statement of Net Assets—Primary Government 1 Financial Position—Component Unit 3 Statement of Revenues, Expenses, and Changes in Net Assets—Primary Government 4 Activities—Component Unit 5 ...