AG 2007 05 21 - Laserfiche WebLink

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LarsonAlleri" Larson, Allen, Weishair & Co., LLP CPAs, Consultants & Advisors www.larsonallen.com INDEPENDENT AUDITORS' REPORT To the Area Board of Directors Piedmont Area Mental Healti1, Developmental Disabilities and Substance Abuse Authority Concord, North Carolina We have audited the accompanying financial statements of the governmental activities and the major fund of Piedmont Area Mental Health, Developmental Disabilities and Substance Abuse Authority (the "Authority"), as of and for the year ended June 30, 2006, which collectively comprise the Authority's basic financial statements as listed in the preceding Table of Contents. These financial statements are the responsibility of the Authority's management. Our responsibility is to express an opinion on these basic financial statements based on our audit. We conducted our audit in accordance with auditing standards generally accepted in the United States of America and the standards applicable to financial audits contained in Government Auditing Standards, issued by the Comptroller General of the United States. 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 irj the basic 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. In our opinion, the financial'statements referred to above present fairly, in all material respects, the respective financial position of the governmental activities and the major fund of the Authority as of June 30, 2006, and the respective changes in financial position, where appropriate, thereof and the respective budgetary comparison for the general fund for the year 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 August 25, 2006 on our consideration of the Authority's internal control over financial reporting and our tests of its compliance with certain provisions of laws, regulations, contracts, and. grant agreements and other matters. The purpose of that report is to describe the scope of our testing of internal control over financial reporting and compliance and the 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 considered in assessing the results of our audit. (tl G - ~1