-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, CJskdreFrurXszc7x/0F1tQKw7ASs/9TrH/OyDR0xn7aGZLDCs3sWPF+5Va+ZNEM bfiD/OsmkeLK5PGqVAuN1A== 0000891092-08-002110.txt : 20080416 0000891092-08-002110.hdr.sgml : 20080416 20080416143650 ACCESSION NUMBER: 0000891092-08-002110 CONFORMED SUBMISSION TYPE: NSAR-A PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20080229 FILED AS OF DATE: 20080416 DATE AS OF CHANGE: 20080416 EFFECTIVENESS DATE: 20080416 FILER: COMPANY DATA: COMPANY CONFORMED NAME: HILLIARD LYONS GOVERNMENT FUND INC CENTRAL INDEX KEY: 0000317872 IRS NUMBER: 610978881 STATE OF INCORPORATION: MD FISCAL YEAR END: 0831 FILING VALUES: FORM TYPE: NSAR-A SEC ACT: 1940 Act SEC FILE NUMBER: 811-03070 FILM NUMBER: 08759591 BUSINESS ADDRESS: STREET 1: HILLIARD LYONS CTR STREET 2: PO BOX 32760 CITY: LOUISVILLE STATE: KY ZIP: 40232 BUSINESS PHONE: 5025888832 MAIL ADDRESS: STREET 1: PO BOX 32760 CITY: LOUISVILLE STATE: KY ZIP: 40232 FORMER COMPANY: FORMER CONFORMED NAME: HILLIARD LYONS CASH MANAGEMENT INC DATE OF NAME CHANGE: 19830125 0000317872 S000000761 HILLIARD LYONS GOVERNMENT FUND INC C000002178 HILLIARD LYONS GOVERNMENT FUND INC HLCXX NSAR-A 1 e31134nsara.fil SEMI-ANNUAL REPORT PAGE 1 000 A000000 02/29/2008 000 C000000 0000317872 000 D000000 N 000 E000000 NF 000 F000000 Y 000 G000000 N 000 H000000 N 000 I000000 6.1 000 J000000 U 001 A000000 HILLIARD-LYONS GOVERNMENT FUND, INC. 001 B000000 811-3070 001 C000000 5025888832 002 A000000 P.O. 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VICE PRESIDENT EX-99.77K 2 e31134ex99_77k.txt CHANGES IN REGISTRANT'S CERTIFYING ACCOUNT Exhibit 99.77K April 4, 2008 Timothy Mundy Deloitte & Touche LLP 1700 Market Street Philadelphia, Pennsylvania 19103 RE: Hilliard-Lyons Government, Inc. (Registrant) Dear Mr. Mundy: Please provide us with a letter from your firm addressed to the Securities and Exchange Commission stating your agreement with the following disclosures in the Registrant's report on Form N-SAR for the period ended February 29, 2008. Item 77K Change in registrant's certifying accountant Deloitte & Touche LLP ("Deloitte") reported on the financial statements of the Fund for each of the fiscal years ended August 31, 2006 and August 31, 2007 did not contain an adverse opinion or a disclaimer of opinion and was not qualified or modified as to uncertainty, audit scope or accounting principles. During the fiscal years ended August 31, 2006 and August 31, 2007 and the interim period between September 1, 2007 through the date of Deloitte's resignation, there were no disagreements between the Fund and Deloitte on any matter of accounting principles or practices, financial statement disclosure, or auditing scope or procedure, which disagreement(s), if not resolved to the satisfaction of Deloitte, would have caused it to make reference to the subject matter of the disagreement(s) in connection with its reports. During the fiscal years ended August 31, 2006 and August 31, 2007 and the interim period between September 1, 2007 through the date of Deloitte's resignation, there were no reportable events as defined in Item 304(a)(1)(v) of Regulation S-K promulgated by the Securities and Exchange Commission. On March 18, 2008, the Audit Committee recommended, and the Board approved, the appointment of Cohen Fund Audit Services, Ltd., an independent registered public accounting firm, to audit the Fund's 2008 financial statements, subject to completion of the terms of its engagement. Cohen Fund Audit Services, Ltd. was formally engaged as the independent registered public accountants of the Fund on March 18, 2008. A copy of your letter will be filed with the Securities and Exchange Commission along with this letter as an exhibit to the Registrant's Form N-SAR for the period ended February 29, 2008 (in accordance with Sub-Item 77K of Form N-SAR). Sincerely, Stephanie J. Ferree Assistant Vice President SUB-ITEM 77K. CHANGE IN REGISTRANT'S CERTIFYING ACCOUNTANT On March 18, 2008, the Audit Committee of the Board of Directors of Hilliard-Lyons Government Fund, Inc. (the "Fund") and the Board accepted the resignation of Deloitte & Touche LLP ("Deloitte") as the Fund's independent registered public accountants. Deloitte's report on the financial statements of the Fund for each of the fiscal years ended August 31, 2006 and August 31, 2007 did not contain an adverse opinion or a disclaimer of opinion and was not qualified or modified as to uncertainty, audit scope or accounting principles. During the fiscal years ended August 31, 2006 and August 31, 2007 and the interim period between September 1, 2007 through the date of Deloitte's resignation, there were no disagreements between the Fund and Deloitte on any matter of accounting principles or practices, financial statement disclosure, or auditing scope or procedure, which disagreement(s), if not resolved to the satisfaction of Deloitte, would have caused it to make reference to the subject matter of the disagreement(s) in connection with its reports. During the fiscal years ended August 31, 2006 and August 31, 2007 and the interim period between September 1, 2007 through the date of Deloitte's resignation, there were no reportable events as defined in Item 304(a)(1)(v) of Regulation S-K promulgated by the Securities and Exchange Commission. The Fund has requested that Deloitte furnish it with a letter addressed to the SEC stating whether or not it agrees with the above statements. A copy of such letter, dated April 14, 2008, is filed as Sub-Item 77Q1 to this Form N-SAR. On March 18, 2008, the Audit Committee recommended, and the Board approved, the appointment of Cohen Fund Audit Services, Ltd., an independent registered public accounting firm, to audit the Fund's 2008 financial statements, subject to completion of the terms of its engagement. Cohen Fund Audit Services, Ltd. was formally engaged as the independent registered public accountants of the Fund on March 18, 2008. April 14, 2008 Securities and Exchange Commission 450 Fifth Street, N.W. Washington, DC 20549 To Whom It May Concern: We have read Item 77K of Form N-SAR for the semi-annual reporting period ended February 29, 2008 of Hilliard-Lyons Government Fund, Inc. and are in agreement with the statements contained therein. We have no basis to agree or disagree with other statements of the registrant contained in the above-referenced filing. Yours truly, /s/ Deloitte & Touche LLP - ------------------------- Deloitte & Touche LLP -----END PRIVACY-ENHANCED MESSAGE-----