TOW AUDIT 2-25-9

TOWN OF WILLIAMSTON,SOUTH CAROLINA FINANCIAL STATEMENTSFOR THE YEAR ENDED JUNE 30, 2008 TOWN OF WILLIAMSTON, SOUTH CAROLINATABLE OF CONTENTSYEAR ENDED JUNE 30, 2008FINANCIAL SECTIONINDEPENDENT AUDITORS' REPORT 1Management's Discussion and Analysis 3Basic Financial Statements:Government-Wide Financial Statements:Statement of Net Assets 12Statement of Activities 13Fund Financial Statements:Balance Sheet - Governmental Funds 14Reconciliation of the Governmental Funds Balance Sheetto the Statement of Net Assets 15Statement of Revenues, Expenditures, and Changes in Fund Balance -Governmental Funds 16Reconciliation of the Governmental Funds Statement of Revenues, Expenditures,and Changes in Fund Balance to the Statement of Activities 17Statement of Net Assets - Proprietary Fund - Water and Sewer Enterprise Fund 18Statement of Revenues, Expenses, and Changes in Fund Net Assets - Proprietary Fund - Water and Sewer Enterprise Fund 19Statement of Cash Flows - Proprietary Fund - Water and Sewer Enterprise Fund 20Notes to the Basic Financial Statements 21Required Supplementary Information:Budgetary Comparison Schedule - General FundSchedule of Revenues, Expenditures, and Changes in Fund Balance - Budgets and Actual 36Other Supplementary Information:Water and Sewer Enterprise FundSchedule of Revenues, Expenses, and Changes in Fund Net Assets - Budgets and Actual 40Schedule of Court Fines, Assessments, and Surcharges 41COMPLIANCE SECTIONReport on ...