cibola general hospital corporation - New Mexico Office of the State

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cibola general hospital corporation - New Mexico Office of the State
6200 Uptown Blvd NE, Suite 400 Albuquerque, N M 87110
p: 505.338.0800 f: 505.338.0801
riccicpa.com
C e r t ~ f ~ ePdu b l ~ cAccountants
CIBOLA GENERAL
HOSPITAL CORPORATION
FINANCIAL STATEMENTS
JUNE 30,2008
CIBOLA GENERAL
HOSPITAL CORPORATION
Official Roster
Independent Auditors' Report
FINANCIAL STATEMENTS
Balance Sheets
Statements of Operations
Statements of Cash Flows
Notes to Financial Statements
OTHER REPORT
Report on Internal Control Over Financial
Reporting and on Compliance and Other Matters
Based on an Audit of Financial Statements
Performed in Accordance with Government
Auditing Standards
STATE COMPLIANCE SECTION
Schedule of Findings and Responses
Summary of Prior Audit Findings
Exit Conference
Table of Contents
CIBOLA GENERAL HOSPITAL CORPORATION
June 30,2008
Official Roster
Board of Trustees
Lawrence Sanchez, Chairperson
Ann Mattila, Vice Chairperson
Robert Ewell, Treasurer
Ida Chavez, Secretary
Jane Pitts, MD, Chief of Medical Staff
Paul Milan, Member
Ron Ortiz, Member
Janice Shipley, MD, Member
Sandra Nemeth, Member
Principal Employees
Kenneth Cochran, Chief Executive Officer
J.F. Rimel, Jr., Assistant Administrator and CFO
Independent Auditors' Report
To the Board of Directors
Cibola General Hospital Corporation
Grants, New Mexico
and
Hector H. Balderas, State Auditor
We have audited the accompanying balance sheets of Cibola General Hospital Corporation
(Corporation), a component unit of Cibola County, as of June 30, 2008 and 2007, and the related
statements of operations and changes in cash flows for the fiscal year then ended. These financial
statements are the responsibility of the Corporation's management. Our responsibility is to express
an opinion on these financial statements based on our audits.
We conducted our audits in accordance with auditing standards generally accepted in the United
States of America and the standards applicable to financial audits contained in GovernmentAuditing
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 financial statements. An audit also includes assessing the accounting
principles used and significant estimates made by management, as well as evaluating the overall
financial statement presentation. We believe that our audits provide a reasonable basis for our
opinions.
In our opinion, the financial statements referred to above present fairly, in all material respects, the
financial position of the Corporation as of June 30,2008 and 2007, and the results of its operations
and its cash flows for the years then ended in conformity with accounting principles generally
accepted in the United States of America.
In accordance with "Government Auditing Standards," we have also issued our report dated October
17,2008 on our consideration of the Corporation's internal control over financial reporting and our
tests of its compliance with certain provisions of laws, regulations, contracts and grant agreements
and other matters. The purpose of that report is to describe the scope of our testing of internal
control over financial reporting and compliance and the results of that testing, and not to provide an
opinion on the internal control over financial reporting or on compliance. That report is an integral
part of an audit performed in accordance with "Government Auditing Standards" and should be
considered in assessing the results of our audit.
The Corporation has not presented the Management's Discussion and Analysis that accounting
principles generally accepted in the United States has determined to be necessary supplemental
information, although not required to be part of the basic financial statements.
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Albuquerque, New Mexico
October 17,2008
RSM McGladrey Network
An IndependentlyOwned Member
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