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=~ f~N~~ ~'ov~c ~~~ <br />December 30, 1998 <br />Osage County Assessor's Office <br />Post Office Box 8181 <br />Hillsborough, North Carolina 27278 <br />i One independence Cen~r• a Pfione: 704 372 6300 <br />Suite 1100 <br />101 North Tryon Street ~~ y <br />Charlotte, North Carolina 28246 ~° ~ =~ <br />OR•~NCE :r~t~l+i7'Y <br />TAY 01~~=iCe <br />Corrections for Blue Cross ~ B1ue Shield ofNbrth Carolina <br />1998 Tangible Business Personal Property Account 34783 <br />Dear Sirs: <br />Please accept the following information to comet the 1998 Tangible Business Personal Property Return <br />far Blue Cross 8t Blue Shield of North Carolina. The corrections are the result of a fixed asset inventory <br />review recently completed by our firm The review consisted of a cost reconciliation to the most ctareat <br />fixed asset ledgers and an inventory verification of those assets. <br />The majority of the cornctions are the result of fixed assets retired but not removed from the fixed assets <br />ledgers. Other corrections are for tangible personal assets found in real property ledgers and the <br />inclusion of only the most current year's expensed items- F~ensed items are considered to have a <br />physical life of one year ar less. <br />Docimneats to support the coinected return are as foIlows: <br />• Cost Worksheet showing costs by t type and year acquired -One Page <br />• Summary of Costs showing book costs, tangible pessonaal costs as of 12/98, and over reported costs <br />for tax years 1995 through 1998 -Three Pages <br />• Status sheet showing non rcportable.descriptions and costs for aII Blue Cre>BS locations -One Page <br />• Orange County Retirements showing the detail of the asset by status c~tego~ry and year retired - <br />Thirty One Pages <br />• Quality Check sheet showing a sample of the major non-reportable assets fair all Blue Cross locations <br />and the verification reason -Two Pages <br />Z <br />Due to these corrections, on behalf of our client Blue Cross and Bhx Shield of North Carolina, we <br />request a release or reftnd of the overpayment of property taxes, whichever is appropriate depending on <br />current payment status, on the above referenced account, accardiag to the remedies provided in General <br />Statutes § 105-381. Should you need additional information, please call me at 704-331-2004. <br />Very truly yours, <br />C ha~Qi,o <br />Charles A. Lang <br />~gQ <br />CALJchk <br />Copy to: Steve Chewier, Treasurer, Bh~e Cross and Blue Shield <br />4 <br /> <br /> <br />Ernst & Young u.r is a member of Ernst & Young International, Ltd <br />