Charter 2000 Annual Report Download - page 24

CHARTER COMMUNICATIONS 22CHARTER COMMUNICATIONS 22
RESPONSIBILITY FOR FINANCIAL STATEMENTS
The management of Charter Communications, Inc. is
responsible for the information and representations
contained in the financial statements and in other sections
of this summary annual report. Management believes that
the financial statements, which include amounts that are
based on management’s best estimates and judgments,
fairly reflect the form and substance of transactions and
reasonably represent the company’s financial condition
and results of operations. The condensed financial state-
ments in this report have been prepared based on the
financial statements contained in the company’s Annual
Report on Form 10-K. Those statements were prepared in
conformity with accounting principles generally accepted
in the United States. The independent public accountants
audited those statements in accordance with auditing
standards generally accepted in the United States and
provided an objective, independent review of the fairness
of reported operating results and financial position.
Other information included in this report is consistent,
where applicable, with the financial statements.
The company maintains a system of internal
accounting policies, procedures and controls designed
to provide reasonable assurance, at appropriate cost,
that the transactions are executed in accordance with
the company’s authorization and are properly recorded
and reported in the financial statements, and that
assets are adequately safeguarded. Qualified personnel
are selected and an organizational structure is maintained
that provides for appropriate functional responsibility.
Written policies and procedures have been developed
and are revised as necessary. The company maintains and
supports a program of internal audits with appropriate
management follow-up.
The board of directors, through its Audit Committee
composed of outside directors, is responsible for ensuring
that both management and the independent public
accountants fulfill their respective responsibilities in
regard to the financial statements. Moreover, the inde-
pendent public accountants have full and free access
to meet with the Audit Committee, with or without
management present, to discuss accounting, control,
audit and financial reporting matters.
Jerald L. Kent
President, Chief Executive Officer and Director
Kent D. Kalkwarf
Executive Vice President and Chief Financial Officer
February 8, 2001
To Charter Communications, Inc.:
We have audited, in accordance with auditing standards
generally accepted in the United States, the consolidated
balance sheets of Charter Communications, Inc. and
subsidiaries as of December 31, 2000 and 1999, and the
related consolidated statements of operations, changes
in shareholders’ equity and cash flows for the years then
ended. We did not audit the financial statements of
Charter Communications VI Operating Company, LLC
and subsidiaries and CC VII Holdings, LLC-Falcon
Systems as of December 31, 1999, and for the periods
from the dates of acquisition through December 31, 1999,
which statements on a combined basis reflect total assets
and total revenues of 31 percent and 6 percent, respective-
ly, of the related consolidated totals of the Company.
Those statements were audited by other auditors whose
reports have been furnished to us, and our opinion,
insofar as it relates to amounts included for those entities,
is based solely on the reports of the other auditors. Such
consolidated financial statements, our report thereon
dated February 8, 2001, expressing an unqualified
opinion, and the reports of other auditors, are not
presented herein and are included in the Company’s
2000 Annual Report on Form 10-K. The accompanying
condensed consolidated financial statements are the
responsibility of the Company’s management. Our
responsibility is to express an opinion on such condensed
consolidated financial statements in relation to the
complete consolidated financial statements.
In our opinion, based on our audits and the reports
of other auditors, the information set forth in the
accompanying condensed consolidated balance sheets
as of December 31, 2000 and 1999, and the related
condensed consolidated statements of operations and
cash flows for the years then ended is fairly stated, in
all material respects, in relation to the consolidated
financial statements from which it has been derived.
Arthur Andersen LLP
St. Louis, Missouri
February 8, 2001
REPORT OF INDEPENDENT PUBLIC ACCOUNTANTS