TABLE OF CONTENTS

PART I AUDITED FINANCIAL STATEMENTS

Independent Auditor’s Report 1

Statement of Management’s Responsibility for 5

Financial Statements

Condensed Statements of Financial Position 6

Condensed Statements of Financial Performance 7

Condensed Statements of Cash Flows 8

Statements of Changes in Net Assets/Equity 10

Statement of Comparison of Budget and Actual 11

Amounts

Notes to Financial Statements 12

PART II AUDIT OBSERVATIONS AND RECOMMENDATIONS 45

PART III STATUS OF IMPLEMENTATION OF PRIOR YEAR’S 125

AUDIT RECOMMENDATIONS

PART IV ANNEXES 153