TABLE OF CONTENTS

Pag
e

Part I Audited Financial Statements

• Independent Auditor’s Report 1

• Statement of Management’s Responsibility for Financial 3
Statements
• Combined Statement of Financial Position 4
• Combined Statement Financial Performance 5
• Combined Statement of Cash Flows 6
• Combined Statement of Changes in Net Assets/Equity 7
• Statement of Comparison of Budget and Actual Amounts 8
• Notes to Combined Financial Statements 10

Part II Audit Observations and Recommendations 43

Part III Status of Implementation of Prior Years’ Unimplemented 101

Audit Recommendations

Part IV Appendices 136

i
 PART I

AUDITED FINANCIAL STATEMENTS