TABLE OF CONTENTS

Part Particulars Page

Part I - AUDITED FINANCIAL STATEMENTS

 State Auditor’s Report 1

 Statement of Management’s Responsibility for

Financial Statements 4

 Comparative Consolidated Balance Sheet 5

 Comparative Consolidated Statement of

Income and Expenses 9

 Comparative Consolidated Cash Flow

Statement 14

 Notes to Financial Statements 17

PART II - OBSERVATIONS AND RECOMMENDATIONS 51

PART III - STATUS OF IMPLEMENTATION OF PRIOR

YEARS’ AUDIT RECOMMENDATIONS 161