General purpose financial statements for the years ended June 30, ... : and independent auditors' report and independent auditors' report on internal controls and compliance for the year ended June 30, ...

68 Pages·1995·1.8 MB·English

by  Massachusetts Convention Center Authority

CERTIFIED PUBL ACCOUNTAN,'T-<!S^X:-:.,-;i!;:ki!!:i;jr:%::-i;;;:!i:::
N C E 9 2 3
1
ccf\ fa>
I. [
312Dbb D273 VbfiM I
MASSACHUSETTS CONVENTION
CENTER AUTHORITY
GENERAL PURPOSE FINANCIAL STATEMENTS
FOR THE YEAR ENDED
JUNE 30, 1999
AND INDEPENDENT AUDITOR'S REPORT AND
INDEPENDENT AUDITOR'S REPORTS ON
INTERNAL CONTROLS AND COMPLIANCE
FOR THE YEAR ENDED JUNE 30. 1999
DIPE
COMPANY
CPAS

MASSACHUSETTS CONVENTION
CENTER AUTHORITY
GENERAL PURPOSE FINANCIAL STATEMENTS
FOR THE YEAR ENDED
JUNE 30, 1999
AND INDEPENDENT AUDITOR'S REPORT AND
INDEPENDENT AUDITOR'S REPORTS ON
INTERNAL CONTROLS AND COMPLIANCE
FOR THE YEAR ENDED JUNE 30. 1999

MASSACHUSETTS CONVENTION CENTER AUTHORITY
TABLE OF CONTENTS
YEAR ENDED JUNE 30. 1999
Pages
Independent Auditor's Report on
General Purpose Financial Statements & 2
1
Independent Auditor's Report on Compliance and
on Internal Control over Financial Reporting Based
on an Audit of Financial Statements Performed in
Accordance with Government Auditing Standards 3 & 4
General Purpose Financial Statements for the
Year Ended June 30, 1999
Combined Balance Sheets 5 & 6
Combined Statements of Revenues, Expenses
and Changes Fund Balances/Retained
in
Earnings (Deficit) 7
Combined Statements of Cash Flows 8 & 9
Notes to General Purpose Financial Statements 10-30
Digitized by the Internet Archive
2012 with funding from
in
Member
Boston Library Consortium Libraries
http://archive.org/details/generalpurposefi1999mass
CERTIFIED PUBLIC ACCOUNTANTS SINCE 1923
DIPESA &
COMPANY
CPAS
INDEPENDENT AUDITOR'S REPORT
To the Members
of Massachusetts Convention
Center Authority
Ladies and Gentlemen:
We
have audited the accompanying general purpose financial statements of the
Massachusetts Convention Center Authority (the "Authority"), a component unit of the
Commonwealth of Massachusetts, as of June 30, 1999, and for the year then ended,
listed in the foregoing Table of Contents. These general purpose financial statements
are the responsibility of the Authority's management. Our responsibility is to express an
opinion on these general purpose financial statements based on our audit.
We
conducted our audits in accordance with generally accepted auditing standards and
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 general purpose financial statements. An audit also
includes assessing the accounting principles used and significant estimates made by
We
management, as well as evaluating the overall financial statement presentation.
believe that our audit provides a reasonable basis for our opinion.
In our opinion, such general purpose financial statements referred to above present
fairly, in all material respects, the financial position of the Authority at June 30, 1999,
and the results of its operations and its cash flows for the year then ended, in
conformity with generally accepted accounting principles.
-1 -
38ChauncyStreet
Suite401
Boston. Massachusetts 02111
[email protected]
Telephone [phone]
Fax [phone]

In accordance with Government Auditing Standards, we have also issued a report
dated September 30, 1999 on our consideration of the Authority's internal control over
financial reporting and our tests of its compliance with laws and regulations.
The year 2000 supplementary information presented as Note 14 on pages 29 and 30
is not a required part of the basic financial statements but is supplementary information
We
required by the Governmental Accounting Standards Board. 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 Massachusetts Convention Center
Authority is or will become year 2000 compliant, that year 2000 remediation efforts will
be successful in whole or in part, or that parties with which the Massachusetts
Convention Center Authority does business are or will become year 2000 compliant.
Respectfully submitted,
PESA & COMPANY
Dl
Certified Public Accountants\ (T
September 30, 1999