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i I ��c, Berger, Toombs, Elam 44C & Frank Certified Public Accountants Chartered I Royal Palm Financial Center Building III, Suite 321 759 South Federal Highway Stuart, Florida 34994 I 772/219-0220 FAX : 772/219-0260 I I REPORT OF INDEPENDENT CERTIFIED PUBLIC ACCOUNTANTS I The Board of Directors and Management I Hibiscus Children ' s Center, Inc . Jensen Beach , Florida I We have audited the accompanying combined statement of financial position of Hibiscus Children ' s Center, Inc . (a Florida not-for-profit corporation ) and affiliate as of June 30 , 2002 , and the related combined statements of activities , functional expenses and cash flows for the year then ended . These financial statements are the responsibility of the I Hibiscus Children ' s Center, Inc . ' s management . Our responsibility is to express an opinion on these financial statements based on our audit . I We conducted our audit in accordance with auditing standards generally accepted in the United States of America and the standards applicable to financial audits contained in Government Auditing Standards, issued by the Comptroller General of the United States , I 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 I 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 . IIn our opinion , the financial statements referred to above present fairly , in all material respects , the financial position of Hibiscus Children ' s Center, Inc . and affiliate as of June 30 , 2002 , and the changes in their net assets , and their cash flows for the year then ended in conformity with accounting principles generally accepted in the United States of America . I In accordance with Government Auditing Standards, we have also issued our report dated December 9 , 2002 , on our consideration of Hibiscus Children ' s Center, Inc . ' s internal control over financial reporting and 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 . I I Fort Pierce / Stuart Member AICPA Member AICPA Division For CPA Firms Member Rede 1 Private Companies Practice Section