To the Members of the School Board
Oyster River Cooperative School District
Durham, New Hampshire

We have audited the accompanying general purpose financial statements of the Oyster River Cooperative School District as of and for the year ended June 30, 1999 as listed in the table of contents. These general purpose financial statements are the responsibility of the School District's management. Our responsibility is to express an opinion on these general purpose financial statements based on our audit.

We conducted our audit in accordance with generally accepted auditing standards 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 in the 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.

The general purpose financial statements referred to above do not include the general fixed assets account group which should be included in order to conform with generally accepted accounting principles. As is the case with most municipal entities in the State of New Hampshire, the Oyster River Cooperative School District has not maintained historical cost records of its fixed assets. The amount that should be recorded in the general fixed assets account group is not known.

In our opinion, except for the effect on the financial statements of the omission described in the preceding paragraph, the general purpose financial statements referred to above present fairly, in all material respects, the financial position of the Oyster River Cooperative School District, as of June 30, 1999, and the results of its operations for the year then ended in conformity with generally accepted accounting principles.

The Unaudited Supplementary Information [on page 15 of this report] is not a required part of the basic financial statements but is supplementary information required by the Governmental Accounting Standards Board. We have applied certain limited procedures, which consisted principally of inquiries of management regarding the methods of measurement and presentation of the supplementary information. However, we did not audit the information and do not express an opinion on it. In addition, we do not provide assurance that the Oyster River Cooperative School District is or will become year 2000 compliant, the Oyster River Cooperative School District's year 2000 remediation efforts will be successful in whole or in part, or that parties with which the Oyster River Cooperative School District does business are or will become year 2000 compliant.

Our audit was made for the purpose of forming an opinion on the general purpose financial statements of the Oyster River Cooperative School District taken as a whole. The combining and individual fund financial statements listed as schedules in the table of contents are presented for purposes of additional analysis and are not a required part of the general purpose financial statements of the Oyster River Cooperative School District. The accompanying Single Audit related schedules are presented for purposes of additional analysis as required by US Office of Management and Budget Circular A-133, Audits of States, Local Governments, and Non-Profit Organizations, and are not a required part of the general purpose financial statements. All such information has been subjected to the auditing procedures applied in the audit of the general purpose financial statements and, in our opinion, is fairly presented in all material respects in relation to the general purpose financial statements taken as a whole.

In accordance with Government Auditing Standards, we have also issued our report dated August 26, 1999 on our consideration of the Oyster River Cooperative School District's internal control over financial reporting and our tests of its compliance with certain provisions of laws, regulations, contracts and grants.

Gregory A. Colby, CPA
PLODZIK & SANDERSON
Professional Association

August 26, 1999

Last update on 22-Feb-00 at 10:06 PM.

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