FIN-2000-6886

This report presents the results of our financial statement audit of Alamance 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. An instance of noncompliance related to the timely preparation and submission of the year end financial statement package was noted that requires disclosure herein under Government Auditing Standards. This matter is described in the Audit Findings and Recommendation section of this report. Our tests disclosed no material weaknesses in internal control over financial reporting which require disclosure herein under Goverment Auditing Standards.