Table of Contents

Introductory Section

Letter of Transmittal

Organizational Chart

Board Members and Principal Officials

Financial Section

Independent Auditor’s Report

General Purpose Financial Statements:

Combined Balance Sheet - All Fund Types and Account Groups - Excel format (28 KB), Acrobat Format (28 KB)

Combined Statement of Revenues, Expenditures, and Changes in Fund Balances - All Governmental FundTypes and Expendable Trust Fund - Excel format (33 KB), Acrobat Format ( 30 KB)

Combined Statement of Revenues, Expenditures, and Changes in Fund Balances - Budget and Actual (Budget Basis) - General, Special Revenue and CapitalProjects Funds- Excel format (38 KB), Acrobat Format (30 KB)

Comparative Statements of Revenues, Expenses, and Changes in Retained Earnings - Proprietary Fund Type - Enterprise Fund - Excel format (24 KB) , Acrobat Format (24 KB)

Comparative Statements of Cash Flows - Proprietary Fund Type - Enterprise Fund - Excel format (21k), Acrobat Format (24 KB)

Notes to the Financial Statements - Acrobat Format (168 KB)

Supplementary Information Combining, Individual Fund and Account Group Statements and Schedules:

General Fund:

Statement of Revenues, Expenditures, and Changes in Fund Balance - Budget and Actual- Excel format (38 KB), Acrobat Format (33 KB)

Special Revenue Funds:

Combining Balance Sheet- Excel format (23 KB), Acrobat Format (21 KB)

Combining Statement of Revenues, Expenditures, and and Changes in Fund Balances- Excel format (27 KB), Acrobat Format (26 KB)

State Public School Fund - Schedule of Revenues and Expenditures - Budget and Actual- Excel format (37 KB), Acrobat Format (28 KB)

Federal Grants Funds - Statement of Revenues, Expenditures, and Changes in Fund Balances - Budget and Actual- Excel format (44 KB), Acrobat Format (30 KB)

Capital Projects Fund:

Schedule of Revenues and Expenditures - Budget and Actual (Budget Basis) - Excel format (31 KB), Acrobat Format (29 KB)

Proprietary Fund Type - Enterprise Fund:

Combining Balance Sheet - Excel format (28 KB), Acrobat Format (23 KB)

Combining Statements of Revenues, Expenses, And Changes in Retained Earnings - Excel format (28 KB), Acrobat Format (25 KB)

Combining Statements of Cash Flows - Excel format (23 KB), Acrobat Format (25 KB)

Schedule of Revenues and Expenditures - BudgetAnd Actual (Budget Basis) - Excel format (23 KB), Acrobat Format (28 KB)

Fiduciary Fund Type - Expendable Trust Fund:

Special Funds of Individual Schools - Schedule of Revenues, Expenditures, and Changes in Fund Balances- Excel format (40 KB), Acrobat Format (33 KB)

General Fixed Assets Account Group:

Schedule of General Fixed Assets by Function and by Source- Excel format (23 KB), Acrobat Format (23 KB)

Schedule of Changes in General Fixed Assets by Source- Excel format (23 KB), Acrobat Format (24 KB)

Schedule of Changes in General Fixed Assets by Function- Excel format (20 KB), Acrobat Format (21 KB)

Statistical Section

General Governmental Revenues by Source- Excel format (23 KB), Acrobat Format (22 KB)

General Governmental Expenditures by Function- Excel format (28 KB), Acrobat Format (25 KB)

Capital Projects Fund Expenditures- Excel format (22 KB), Acrobat Format (20 KB)

Enterprise Fund Expenses- Excel format (23 KB), Acrobat Format (20 KB)

Enterprise Fund Revenues and Operating Transfers In by Source- Excel format (30 KB) , Acrobat Format (21 KB)

Property Tax Levies and Collections for Wake County- Excel format (26 KB), Acrobat Format (23 KB)

Assessed Value of Taxable Property for Wake County- Excel format (23 KB), Acrobat Format (24 KB)

Property Tax Rates - All Overlapping Governments for Wake County- Excel format (29 KB), Acrobat Format (25 KB)

Ten Principal Taxpayers for Wake County- Excel format (20 KB), Acrobat Format (24 KB)

Computation of Legal Debt Margin for Wake County- Excel format (17 KB), Acrobat Format (21 KB)

Ratio of Net General Bonded Debt to Assessed Value and Net Bonded Debt per Capita for Wake County- Excel format (23 KB), Acrobat Format (22 KB)

Ratio of Annual Debt Service Expenditures for General Bonded Debt to Total General Expenditures for Wake County - Excel format (18 KB), Acrobat Format (23 KB)

Computation of Direct and Overlapping Debt for Wake County- Excel format (21 KB), Acrobat Format (22 KB)

Demographic Statistics for Wake County- Excel format (21 KB), Acrobat Format (21 KB)

Property Value, Construction and Bank Deposits for Wake County- Excel format (20 KB), Acrobat Format (22 KB)

Miscellaneous Statistics- Excel format (20 KB), Acrobat Format (21 KB)

Single Audit Section

Report on Compliance and on Internal Control over Financial Reporting Based on an Audit of Financial Statements Performed in Accordance with Government Auditing Standards

Report on Compliance with Requirements Applicable to Each Major Federal Program and on Internal Control over Compliance in Accordance with OMB Circular A-133and the State Single Audit Implementation Act

Report on Compliance with Requirements Applicable to Each Major State Program and on Internal Control overCompliance in Accordance with Applicable Sections of OMB Circular A-133 and the State Single AuditImplementation Act

Schedule of Findings and Questioned Costs - Acrobat Format (79 KB)

Corrective Action Plan

Summary Schedule of Prior Audit Findings

Schedule of Expenditures of Federal and State Awards - Excel format (38 KB) , Acrobat Format (31 KB)

Notes to Schedule of Expenditures of Federal and State Awards