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OHAIR , CPA
<br /> MAS
<br /> ••■••■•�■ ® ,Haire Kmetz Nuttall Field MICO AELL. OKMETZECPA, PFS
<br /> .■■■■�� �� , , , SCOTT A. NUTTALL, CPA, CFP
<br /> & Co . , chartered DANIEL E . FIELD, CPA
<br /> •������ ��� BRIAN J . ELWELL, CPA, CVA
<br /> rim I 'rill I „ ' MEA PATRICK K. GRAHAM , CPA
<br /> l'W' AT A4 AN Tax, Business and Financial Consultants HARVEY L. HERRST, CPA
<br /> ■■■■I, 401200 TERESA M . LASOTA, CPA
<br /> Independent Auditors ' Report
<br /> To the Board of Directors
<br /> G.R. O .W. , Inc .
<br /> Vero Beach, Florida
<br /> We have audited the accompanying statement of financial position of G.R. O .W. , Inc . as of June 30, 2002,
<br /> and the related statements of activities , and cash flows for the fifteen-month period then ended. These
<br /> financial statements are the responsibility of G.R. O . W. , Inc . ' s management. Our responsibility is to
<br /> express an opinion on these financial statements based on our audit.
<br /> We conducted our audit in accordance with generally accepted auditing standards and the standards
<br /> applicable to financial audits contained in Government Auditing Standards, issued by the Comptroller
<br /> General of the United States . Those standards require that we plan and perform the audit to obtain
<br /> reasonable assurance about whether the financial statements are free of material misstatement. An audit
<br /> includes examining, on a test basis , evidence supporting the amounts and disclosures in the financial
<br /> statements . An audit also includes assessing the accounting principles used and significant estimates
<br /> made by management, as well as evaluating the overall financial statement presentation. We believe that
<br /> our audit provides a reasonable basis for our opinion.
<br /> In our opinion, the financial statements referred to above present fairly, in all material respects, the
<br /> financial position of G.R. O .W . , Inc . as of June 30, 2002, and the changes in its net assets and its cash
<br /> flows for the fifteen month period then ended in conformity with U. S . generally accepted accounting
<br /> principles .
<br /> In accordance with Government Auditing Standards , we have also issued our report dated January 10,
<br /> 2003 , on our consideration of G. R. O .W. , Inc . 's internal control over financial reporting and our tests of
<br /> its compliance with certain provisions of laws, regulations , contracts and grants .
<br /> Our audit was performed for the purpose of forming an opinion on the basic financial statements of
<br /> G.R. O.W. , Inc . taken as a whole. The accompanying schedule of federal expenditures is presented for
<br /> purposes of additional analysis as required by U. S . Office of Management and Budget Circular A- 133 ,
<br /> and is not a required part of the basic financial statements . Such information has been subjected to the
<br /> auditing procedures applied in the audit of the basic financial statements and, in our opinion, is fairly
<br /> stated, in all material respects , in relation to the basic financial statements taken as a whole .
<br /> k t700
<br /> O ' Haire, Kmetz, Nuttall, Field & Co . , chartered
<br /> Certified Public Accountants
<br /> January 10, 2003
<br /> 3111 CARDINAL DRIVE • VERO BEACH , FLORIDA 32963 • TELEPHONE (772) 231 -6902 • FACSIMILE (772) 231 -4099
<br /> email@oknf-cpas . com
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