FIN-2000-6814

This report presents the results of our financial statement audit of Catawba Valley Community College for the year ended June 30, 2000. The accompanying financial statements present fairly, in all material respects, the amounts and disclosures made in accordance with generally accepted accounting principles. These matters are described in the Independent Auditors Report. Our tests disclosed no instances of noncompliance which require disclosure herein under Government Auditing Standards. A significant deficiency related to Deficit Fund Balances and Cash Overdrafts was detected in internal control over financial reporting. This matter is described in the Audit Findings and Recommendations section of this report.