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Form 990 2015 CAHARRUS COUNTY TOURISM AUTHORITY 26-2726341 Pa a 12 <br /> Part XI Reconciliation of Net Assets <br /> Check if Schedule O contains a response or note to any line in this Part XI ........................................... .................................... <br /> 1 Total revenue(must equal Part VIII,column(A),line 12) ...................... <br /> 2 Total expenses(must equal Part IX,column(A),line 25) ............................... 2 4,584, 546. <br /> 3 Revenue less expenses.Subtract line 2 from line 1 ....... 3 859 , 882 . <br /> 4 Net assets or fund balances at beginning of year(must equal Part X,line 33,column(A)) ........,,,................... 4 2 814, 157 . <br /> 5 Net unrealized gains(losses)on investments ............... 5 <br /> 6 Donated services and use of facilities <br /> 7 Investment expenses <br /> . 7 <br /> ................................ ................................................... ....................................... <br /> 8 Prior period adjustments ............ 8 <br /> 9 Other changes in net assets or fund balances(explain in Schedule O) .......... 9 —135,633 . <br /> 10 Net assets or fund balances at end of year.Combine lines 3 through 9(must equal Part X,line 33, <br /> columnB ........ --.. ........................................................................ .................................................... 10 3 , 538 , 406 . <br /> Part XII Financial Statements and Reporting <br /> Check if Schedule O contains a response or note to any line in this Part XII ................................................................................. Ell <br /> Yes No <br /> 1 Accounting method used to prepare the Form 990: [l Cash ®Accrual 0 Other <br /> If the organization changed its method of accounting from a prior year or checked"Other,"explain in Schedule O. <br /> 2a Were the organization's financial statements compiled or reviewed by an independent accountant? .,... 2a X <br /> If"Yes,"check a box below to indicate whether the financial statements for the year were compiled or reviewed on a <br /> separate basis,consolidated basis,or both: <br /> 0 Separate basis 0 Consolidated basis Both consolidated and separate basis <br /> b Were the organization's financial statements audited by an independent accountant? ............... . .............. 2b X <br /> If"Yes,"check a box below to indicate whether the financial statements for the year were audited on a separate basis, <br /> consolidated basis,or both: <br /> ® Separate basis 0 Consolidated basis Both consolidated and separate basis <br /> c If"Yes"to line 2a or 2b,does the organization have a committee that assumes responsibility for oversight of the audit, <br /> review,or compilation of its financial statements and selection of an independent accountant? ...... 2c X <br /> ....................................... <br /> If the organization changed either its oversight process or selection process during the tax year,explain in Schedule O. <br /> 3a As a result of a federal award,was the organization required to undergo an audit or audits as set forth in the Single Audit <br /> Act and OMB Circular A-133? 3a X <br /> b If"Yes,"did the organization undergo the required audit or audits?If the organization did not undergo the required audit <br /> or audits explain why in Schedule O and describe any steps taken to undergo such audits ....................................._.__.... 3b <br /> Form 990(2015) <br /> 532012 <br /> 12-16-15 Attachment number 2\n <br /> 12 <br /> 1-5 Page 187 <br />