Agenda - 10-01-2002-10a - Laserfiche WebLink

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McDaniel& Company, PLLC Cerdifted PublicAccountants May 3,2001 Board of Directors Animal Protection Society of Orange County, Inc. Chapel Hill,North Carolina We have audited the accompanying statements of support, revenues, expenses and changes in net assets— cash,basis and functional expenses—cash basis of Orange County Animal Shelter (a program of Animal Protection Society of Orange County, Inc.) as of June 30, 2000. These financial statements are the responsibility of the Organization's management. Our responsibility is to express an opinion on these financial statements based on our audit 'We conducted our audit in accordance with generally accepted auditing standards. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement An audit includes examining, on a test basis,evidence supporting the amounts and disclosures in the financial statements.An audit also includes assessing the accounting principles used and significant estimates made by management, as well as evaluating the overall financial statement presentation.We believe that our audit provides a reasonable basis for our opinion. As disclosed in Note 1 to the financial statements, interorganization cash transfers are recorded as support If the cash basis of accounting had been followed, revenue would have been reduced by$44.389. In our opinion, except for the.effects of recording interorganization cash transfers as support as discussed in the preceding paragraph, the financial statements referred to in the first paragraph present fairly; in all material respects, the changes in net assets of Orange County Animal Shelter (a program of Animal Protection Society of Orange County, Inc.)for the year ended June 30,2000 In conformity with the modified cash basis of accounting. CERTIFIED PUBLIC ACCOUNTANTS JJ ;, 518-B Arbor Hill Road • Keincrsville,NC 27284 • Office ITim oh.14sR . e.,..r nx,ooR_1 14c