FINANCIAL STATEMENTS AND AUDITORS’ REPORT FOR THE YEAR ENDED JUNE 30, 2016 CCCPA Clothier & Company CPA’s P.C. P.O. Box 1495 * Muskogee, Ok 74402 (918) 687-0189 FAX (918) 687-3594
[email protected] Frontier Country Marketing Association, Inc. Table of Contents June 30, 2016 Description Pg. No. Independent Auditors' Report 2-4 Statement of Financial Position-Modified Cash Basis 5 Statement of Activities-Modified Cash Basis 6 Statement of Functional Expenses 7 Statement of Cash Flows 8 Notes to the Financial Statements 9-11 Independents Auditors' Report on Internal Control over Financial Reporting and on Compliance and other Matters Based on an Audit of Financial Statements Peformed in Accordance with Governmental Auditing Standards 12-13 Other Information 14 Budget to Actual Comparison 15 Supplemental Information 16 OTARD Required Schedules 17 Advertisers 18-28 1 CCCPA P.O. Box 1495 Clothier & Company CPA’s P.C. Muskogee, Oklahoma 74402
[email protected] 918-687-0189 FAX 918-687-3594 INDEPENDENT AUDITORS’ REPORT To the Board of Directors Frontier Country Marketing Association, Inc. We have audited the accompanying financial statements of Frontier Country Marketing Association, Inc. (a nonprofit organization), which comprise the statement of financial position- modified cash basis as of June 30, 2016, and the related statement of activities, functional expense, and cash flows- modified cash basis for the year 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 the modified cash basis of accounting as described in Note 1, this includes determining that the modified cash basis of accounting is an acceptable basis for the preparation of the financial statements in the circumstances.