Financial Statement Disclosures
Hampton Roads Educational Telecommunications Association, Inc. Financial Statements and Supplementary Information Years Ended June 30, 2018 and 2017 The report accompanying these financial statements was issued by BDO USA, LLP, a Delaware limited liability partnership and the U.S. member of BDO International Limited, a UK company limited by guarantee. Hampton Roads Educational Telecommunications Association, Inc. Financial Statements and Supplementary Information Years Ended June 30, 2018 and 2017 Hampton Roads Educational Telecommunications Association, Inc. Contents Independent Auditor’s Report 3-4 Financial Statements Statements of Financial Position 6 Statements of Activities 7-8 Statements of Cash Flows 9 Notes to Financial Statements 10-23 Supplementary Information Independent Auditor’s Report on Supplementary Information 25 Supplementary Schedules of Functional Expenses 26-27 2 Tel: 757-640-7190 150 Boush Street, Suite 1100 Fax: 757-640-7297 Town Point Center www.bdo.com Norfolk, VA 23510 Independent Auditor’s Report The Board of Directors Hampton Roads Educational Telecommunications Association, Inc. Norfolk, Virginia We have audited the accompanying financial statements of Hampton Roads Educational Telecommunications Association, Inc. (WHRO), which comprise the statements of financial position as of June 30, 2018 and 2017, and the related statements of activities and cash flows for the years then ended, and the related notes to the financial statements. Management’s Responsibility for the Financial Statements Management is responsible for the preparation and fair presentation of these financial statements in accordance with accounting principles generally accepted in the United States of America; this includes the design, implementation, and maintenance of internal control relevant to the preparation and fair presentation of financial statements that are free from material misstatement, whether due to fraud or error.
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