Sampson Community College - Financial Statement Audit

STATE OF N ORTH CAROLINA SAMPSON COMMUNITY COLLEGE CLINTON, NORTH CAROLINA FINANCIAL STATEMENT AUDIT REPORT FOR THE YEAR ENDED JUNE 30, 2008 OFFICE OF THE STATE AUDITOR BETH A. WOOD, CPA STATE AUDITOR SAMPSON COMMUNITY COLLEGE CLINTON, NORTH CAROLINA FINANCIAL STATEMENT AUDIT REPORT FOR THE YEAR ENDED JUNE 30, 2008 STATE BOARD OF COMMUNITY COLLEGES THE NORTH CAROLINA CCOLLEGE SYSTEM DR. R. SCOTT RALLS, PRESIDENT BOARD OF TRUSTEES LARRY M. BARNES, CHAIRMAN ADMINISTRATIVE OFFICERS DR. WILLIAM C. AIKEN, PRESIDENT VIRGINIA S. LUCAS, VICE PRESIDENT OF FINANCE STATE OF NORTH CAROLINA Office of the State Auditor 2 S. Salisbury Street 20601 Mail Service Center Raleigh, NC 27699-0601 Telephone: (919) 807-7500 Fax: (919) 807-7647 Beth A. Wood, CPA Internet State Auditor http://www.ncauditor.net AUDITOR’S TRANSMITTAL The Honorable Beverly E. Perdue, Governor The General Assembly of North Carolina Board of Trustees, Sampson Community College We have completed a financial statement audit of Sampson Community College for the year ended June 30, 2008, and our audit results are included in this report. You will note from the independent auditor’s report that we determined that the financial statements are presented fairly in all material respects. The results of our tests disclosed no deficiencies in internal control over financial reporting that we consider to be material weaknesses in relation to our audit ...