Oklahoma HIgher Education Employee Interlocal Group - Financial Statements - Addendum 2

Description

Oklahoma Higher Education Employee Interlocal Group Financial Statements with Independent Auditors’ Report December 31, 2019 Oklahoma Higher Education Employee Interlocal Group Table of Contents December 31, 2019 Independent Auditors’ Report ................................................................................................. 1 Financial Statements Statement of Net Position...................................................................................................... 3 Statement of Revenues, Expenses and Change in Net Position............................................ 4 Statement of Cash Flows ...................................................................................................... 5 Notes to Financial Statements............................................................................................... 6 Required Supplemental Information Schedule of Ten-Year Claims Development Information ..................................................... 10 Independent Auditor’s Report on Internal Control Over Financial Reporting and on Compliance and on Other Matters Based on an Audit of Financial Statements Performed in Accordance with Government Auditing Standards ......................................................... 11 Independent Auditor’s Report HINKLE & LECOMPANY & COMPANY To the Member Institutions PC Strategic ategic Business PC Advisors Oklahoma Higher Education Employee Interlocal Group Business Advisors Report on the Financial Statements We have audited the accompanying statement of net position of Oklahoma Higher Education Employee Interlocal Group (“OKHEEI”) as of December 31, 2019 and the related statement of revenues, expenses and change in net position, cash flows and the related notes to the financial statements for the year then ended. 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 consolidated financial statements that are free from material misstatement, whether due to fraud or error. Auditors’ Responsibility Our responsibility is to express an opinion on these financial statements based on our audit.