Tobacco Settlement Financing Corporation Audited Financial Statements FY2003
PRICEWWAERHOUSE(COPERS Tobacco Settlement Financing Corporation (a blended component unit of the Government of the United States Virgin Islands) Management’s Discussion and Analysis and Basic Financial Statements September 30, 2003 and 2002 (oss PRICEVVATERHOUSE( COPERS PricewaterhouseCoopers LLP 254 Munoz Rivera Avenue BBVA Tower, Sth Floor Hato Rey PR 00918 Telephone (787) 754 9090 Facsimile (787) 766 1094 Report of Independent Auditors To the Board of Directors of Tobacco Settlement Financing Corporation In our opinion, the accompanying statements of net assets and governmental fund balance sheet, the related statements of activities and governmental fund revenues, expenditures and changes in fund balance and statements of fiduciary net assets present fairly, in all material respects, the respective financial position of the governmental activities, the debt service fund and the fiduciary fund of the Tobacco Settlement Financing Corporation (a blended component unit of the Government of the United States Virgin Islands) at September 30, 2003 and 2002 and the respective changes in …
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