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Audit Wrap Up & Presentation

Audit Wrap Up & Presentation. New Hanover County Board of Education. December 3, 2013. Cherry Bekaert LLP 2626 Glenwood Avenue | Suite 200 | Raleigh, NC 27608 919.782.1040 | www.cbh.com. Table of Contents. Overview Audit Areas of Focus Results Financial Statements OMB A-133 Audit

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Audit Wrap Up & Presentation

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  1. Audit Wrap Up & Presentation New Hanover County Board of Education December 3, 2013 Cherry Bekaert LLP 2626 Glenwood Avenue | Suite 200 | Raleigh, NC 27608 919.782.1040 | www.cbh.com

  2. Table of Contents • Overview • Audit Areas of Focus • Results • Financial Statements • OMB A-133 Audit • State Single Audit 4 Required Communications 5 Accounting Measurements & Metrics

  3. Overview

  4. Overview (continued)

  5. Overview (continued)

  6. Audit Areas of Focus

  7. Audit Areas of Focus (continued)

  8. Results on Financial Statements

  9. Results on OMB A-133 Audit

  10. Results on State Single Audit

  11. Required CommunicationsMatters Required to be Reported to Those Charged with Governance

  12. Required Communications (continued)Matters Required to be Reported to Those Charged with Governance

  13. Accounting Measurements & Metrics

  14. Accounting Measurements & Metrics (continued)

  15. Accounting Measurements & Metrics (continued) ASSETS- General Fund (Modified Accrual Basis) (thousands) LIABILITIES AND FUND BALANCE- General Fund (Modified Accrual Basis) (thousands)

  16. Accounting Measurements & Metrics (continued) FUND BALANCE- General Fund (Modified Accrual Basis) (thousands)

  17. Accounting Measurements & Metrics (continued) • REVENUES- General Fund (Modified Accrual Basis) (thousands) • EXPENDITURES- General Fund (Modified Accrual Basis) (thousands)

  18. Accounting Measurements & Metrics (continued) CAPITAL ASSETS, net of depreciation – Governmental Activities (Full Accrual Basis) (thousands) CAPITAL ASSETS, net of depreciation – Business Type Activities (Full Accrual Basis) (thousands)

  19. Accounting Measurements & Metrics (continued) DEBT – Governmental Activities (Full Accrual Basis) (thousands) DEBT – Business Type Activities (Full Accrual Basis) (thousands)

  20. Accounting Measurements & Metrics (continued)Federal and State Program Expenditures (thousands)

  21. Contact Michelle Thompson | Engagement Partner mthompson@cbh.com | 919.782.1040 | www.cbh.com Cherry Bekaert LLP

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