AUDIT
An independent audit of the general purpose financial statements was performed jointly by the State Auditor and the independent certified public accounting firm of Deloitte & Touche LLP. This year, the auditors have excluded Note 22, The Year 2000 Issue, from the scope of the audit and, accordingly, have discussed this in their report. Management of the State believes that Note 22 meets all requirements of the Governmental Accounting Standards Board for disclosure about the year 2000 issue and that it has supported such disclosures with sufficient competent evidential matter. However, the auditors have determined that, through no fault of the State or its management, Note 22 should be excluded from the scope of the audit because of the unprecedented nature of the year 2000 issue, and that the effects of this issue and the success of related remediation efforts will not be fully determinable until the year 2000 and thereafter.
The audit described above is not intended to meet the requirements of the Federal Single Audit Act as amended. The Single Audit reports for the State are issued separately.