REPORT NO. 2011-108 FEBRUARY 2011 SEMINOLE STATE COLLEGE OF FLORIDA Financial Audit_part1

BAN ủy thác VÀ CHỦ TỊCH Các thành viên của Hội đồng Quản trị Trị và Tổng thống đã từng phục vụ trong năm tài chính 2009-10 được liệt kê dưới đây: Lisa M. Greer, Phó Chủ tịch để 7-19-09, Chủ tịch 7-20-09 (1) Scott D. Howat, Phó Chủ tịch từ 7-20-09 Christopher E. Dorworth, Chủ tịch để 7-19-09 (2) Cynthia L. Drago từ 7-31-09 Charles W Gregg, Sr Deanne F. Schaffner 7-30-09 (3) Tiến sĩ E. Ann McGee, Chủ tịch Ghi chú: (1) Hội đồng thành viên phục vụ ngoài cuối hạn, 31 tháng 5 năm 2010 | Report No. 2011-108 February 2011 SEMINOLE STATE COLLEGE of Florida Financial Audit For the Fiscal Year Ended June 30 2010 State of Florida Auditor General David w. Martin CPA This is trial version Board of Trustees and President Members of the Board of Trustees and President who served during the 2009-10 fiscal year are listed below Lisa M. Greer Vice Chair to 7-19-09 Chair from 7-20-09 1 Scott D. Howat Vice Chair from 7-20-09 Christopher E. Dorworth Chair to 7-19-09 2 Cynthia L. Drago from 7-31-09 Charles W Gregg Sr. Deanne F. Schaffner to 7-30-09 3 Dr. E. Ann McGee President Notes 1 Board member served beyond end of term May 31 2010. 2 Board member resigned May 1 2010. 3 Board member served beyond end of term May 31 2009. The Auditor General conducts audits of governmental entities to provide the Legislature Florida s citizens public entity management and other stakeholders unbiased timely and relevant information for use in promoting government accountability and stewardship and improving government operations. The audit team leader was Patrick M. Dougherty CPA and the audit was supervised by Keith A. Wolfe CPA Please address inquiries regarding this report to James R. Stultz CPA Audit Manager by e-mail at jimstultz@ or by telephone at 850 922-2263. This report and other reports prepared by the Auditor General can be obtained on our Web site at audgen by telephone at 850 487-9175 or by mail at G74 Claude Pepper Building 111 West Madison Street Tallahassee Florida 32399-1450. This is trial version February 2011 report No. 2011-108 SEMINOLE STATE COLLEGE of FLORIDA TABLE of contents PAGE no. EXECUTIVE SUMMARY. i INDEPENDENT AUDITOR S REPORT ON financial statements. 1 MANAGEMENT S DISCUSSION AND ANALYSIS. 3 BASIC financial statements Statement of Net Assets. 12 Statement of Revenues Expenses and Changes in Net Assets. 14 Statement of Cash Flows. 15 Notes to Financial Statements. 17 OTHER REQUIRED .