Old Kings Orchard Community Center Inc.

“Client Note 1 - Old King's Orchard Community Center received a grant from the Illinois Department of Children & Family Services which required an independent audit. The funding from the State of Illinois stopped when the grant ran out as of 6/30/16. Due to the lack of funds available, the cost of all the items in the independent audit package would create a financial burden that would prove to be a detriment to the community center's ability to fulfill its charitable purpose to serve the public.An independent auditor, Coffman Accounting, has been retained to assist Old King's Orchard Community Center fulfill the requirements. They have formally requested a waiver of the full audit and have proposed providing a Consolidate Financial Report and a certified independent accountant's opinion letter instead. Attached are copies of these requests.The 2015 Tax Return is being filed now to meet federal and state filing requirements even though the response to the waiver request has not yet been received.”

“Depreciation $1385”

“Insurance $7173”

“Contracted Services $4156”

“Cable TV Service $3273”

“Program Cost $2706”

“SUPPLIES $288”

“Printing & Copying $133”

“Bank Fees $57”

“Furniture and Fixtures - Beginning $281 Furniture and Fixtures - Ending $183”

“Machinery and Equipment - Beginning $3985 Machinery and Equipment - Ending $2698”

“Accounts Payable and Accrued Expenses - Beginning $1667 Accounts Payable and Accrued Expenses - Ending $1667”