2010 Audit Report

WEST IRON COUNTY PUBLIC SCHOOL DISTRICT Financial Report with Supplemental Information Prepared in Accordance with GASB 34 June 30, 2010 1 TABLE OF CONTENTS Page INDEPENDENT AUDITOR’S REPORT................................................................................................4 ADMINISTRATION’S DISCUSSION AND ANALYSIS.....................................................................7 BASIC FINANCIAL STATEMENTS....................................................................................................17 STATEMENT OF NET ASSETS..........................................................................................................................18 STATEMENT OF ACTIVITIES............................................................................................................................20 BALANCE SHEET – GOVERNMENTAL FUNDS............................................................................................21 RECONCILIATION OF BALANCE SHEET OF GOVERNMENTAL FUNDS TO NET ASSETS.................23 ...