2012-377 Co Manager - Housing for New Hope Outside agency $20,000

Browse Search

Independent Auditors' Report PETWAY To the Board of Directors Housing for New Hope, Inc. MILLS & Durham,North Carolina PEARSON, PA We have audited the accompanying statements of financial position of the Housing for New CEUVIEDPUBUCACCOUNTANTs Hope, Inc., (the Organization), as of August 31, 2011 and 2010, and the related statements of activities, functional expenses and cash flows for the years then ended. These financial C.Briggs Petway,Jr. statements are the responsibility of the Organization's management. Odr responsibility is to Roger G.Mills express an opinion on these financial statements based on our audits. Phyllis M.Pearson We conducted our audits in accordance with auditing standards generally accepted in the United States of America and the standards applicable to financial audits contained in Zebulon Office Government Auditing Standards, issued by the Comptroller General of the United States of P.O.Box 1036 America. Those standards require that we plan and perform the audits to obtain'reasonable 1014 N.Arendell Ave. assurance about whether the financial statements are free of material misstatement An audit Zebulon,NC 27597 includes examining, on a test basis, evidence supporting the amounts and disclosures in the 919.269.7405 financial statements. An audit also includes assessing the accounting principles used and 919.269.8728 Fax significant estimates made by management, .as well as evaluating the overall financial Raleigh Office - statement presentation. We believe that our audits provide a reasonable basis for our opinion. 5116 Bur Oak Cr. Raleigh,NC 27 r. In our opinion, based on our audits, the financial statements referred to above present fairly,-in 919.781.1047 all material respects, the respective financial position of Housing for New Hope, Inc. as of 919.781.1052 Fax August 31,2011 and 2010 and the changes in its net assets and cash flows for the years then ended, in conformity with accounting principles generally accepted in the United States of America. In accordance with Government Auditing Standards, we have also issued our report dated December 12, 2011, on our consideration of the Organization's internal controls over financial reporting and our tests of its compliance with certain provisions of law, regulations, contracts, grant agreements and other matters. The purpose of the report is to describe the scope of our testing of internal control over financial reporting and compliance and results of that testing,and not to provide an opinion on the internal control over financial reporting or on compliance. That report is an integral part of an audit performed in accordance with Government Auditing Standards,and should be read in conjunction with this report in considering the results of our audit. Memberships: Our audits were performed for the purpose of forming an opinion on the basic financial North Carolina statements of Housing for New Hope, Inc., taken as a whole. The accompanying schedule of Association of expenditures of federal and State awards as required by the U.S. Office of Management and Certified Public Budget Circular A-133, Audits of States, Local Govemments and Non-Profit Organizations is Accountants presented for purposes of additional analysis and is not a required part of the basic financial statements. Such information has been subjected to the auditing procedures applied in the audit of the basic financial statements and, in our opinion, is fairly stated, in all material American Institute respects,in relation to the basic financial statements taken as a whole. of Certified Public Accountants Q� OA PEfWA MILLS&PEARSON, PA Certified Public Accountants Medical Group Zebulon, North Carolina Management Association December 12,2011