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Il� f CALER, DONTEN, LEVINE , - ` DRUKER , PORTER & VEIL , P. A. CERTIFIED PUBLIC ACCOUNTANTS WILLIAM K. CALEB, JR., CPA 505 SOUTH FLAGLER DRIVE, SUITE 900 MEMBERS LOUIS M. COHEN, CPA WEST PALM BEACH, FL 33401 -5948 AMERICAN INSTITUTE OF DAVID S. DONTEN, CPA CERTIFIED PUBLIC ACCOUNTANTS SCOTT D. DRUKER, CPA, JD TELEPHONE (561) 832-9292 JAMES B. HUTCHISON, CPA FAX (561) 832-9455 FLORIDA INSTITUTE OF JOEL H. LEVINE, CPA CERTIFIED PUBLIC ACCOUNTANT'S JAMES F. MULLEN, W. CPA infb@cdlcpa.com i THOMAS A. PENCE, X. CPA. SCOTT L. PORTER, CPA MARK D. VEIL, CPA Independent Auditor's Report r- I i- To the Board of Directors Catholic Charities of the Diocese of Palm Beach, Inc. Palm Beach Gardens, Florida We have audited the accompanying statement of financial position of Catholic Charities of the Diocese of ! Palm Beach, Inc. (the "Organization') as of June 30, 2002 and the related statement of activities, functional expenses and cash flows for the year then ended. These financial statements are the responsibility of the _ . Organizations management. Our responsibility is to express an opinion on these financial statements based on our audit. The June 30, 2001 financial statements were audited by other auditors whose report dated September 5, 2001, was unqualified. We conducted our audit in accordance with U.S. generally accepted auditing standards and the standards applicable to financial audits contained in Government Auditing Standards issued by the Comptroller General of the United States . Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement. An audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements. An audit also includes assessing the accounting principles used and significant estimates made by management, as well as evaluating the overall financial statement presentation. We believe that our audit provides a reasonable basis for our opinion. In our opinion, the financial statements referred to above present fairly, in : all material respects, the financial position of the Organization as of June 30, 2002 and the changes in its net assets and its cash flows for the year then ended in conformity with U.S . generally accepted accounting principles In accordance with Government Auditing Standards, we have also issued our report dated September 13, 2002 on our consideration of the Organization's internal control over financial reporting and on our tests of its compliance with certain provisions of laws, regulations, contracts and grants. That report is an integral part of an audit performed in accordance with Government Auditing Standards and should be read in conjunction with this report in considering the results of our audit. Our audit was performed for the purpose of forming an opinion on the basic financial statements of the Organization taken as a whole. The accompanying combining statement of activities is presented for purposes of additional analysis and is not a required part of the basic financial statements. The accompanying schedule of expenditures of federal awards is presented for purposes of additional analysis as required by U.S. Office . of Management and Budget Circular A-133, Audits of States, Local Governments, and Non-Profit Organizations, and is not a required part of the basic financial statements. Such information has been subjected to the auditing procedures applied in the audit of the basic financial statements taken as a whole. September 13, 2002 q, i 1 z s