1. Report of Independent Certified Public Accountants on County of Cumberland Financial Statements For Fiscal Year ended June 30, 2003
Presented By:
Michelle Loyd Thompson, Partner, Cherry, Bekaert & Holland
Amy Cannon, Assistant County Manager / Finance Director

2. Audit Results
Generally Accepted Auditing Standards -Basic Financial Statements:
Unqualified – “clean opinion”
Represents highest level of assurance
Governmental Auditing Standards
OMB A-133 – State and Federal Financial Assistance:

3. Other Results Management Letter
New Auditing Standard
Statement on Auditing Standards (SAS 61) letter
Required

4. General Fund Summary

5. Fund Balance – General Fund

6. General Fund Undesignated Fund Balance

7. Statement of Net Assets

8. Capital Assets (net of depreciation)

9. Outstanding Debt (in 000’s)

10. General Fund Debt Service Requirements

11. Statement of Activities