) ) CONTENTS ) Page ) ) INDEPENDENT AUDITOR'S REPORT .................................................................................. 1 ) FINANCIAL STATEMENTS STATEMENT OF FINANCIAL POSITION ........................................................................ 2 OF ACTIVITIES ........................................................................................... 3 STATEMENT OF CASH FLOWS........................................................................................ 4 • NOTES TO FINANCIAL STATEMENTS ........................................................................... 5 .. -) ! ) ) ) ) ) ~4-~ P.O. BOK 4655 ) ~ Mary Brlols CPA Grand Junction. (0 81502 Phonf/fax 970-242-1698 AUDIT, A((OUNTING AND (ONSULTING Snvlus Cell 970-250-5366 INDEPENDENT AUDITOR'S REPORT October 14,2008 ) Board of Directors Community Foundation Serving Southwest Colorado Grand Junction, Colorado I have audited the accompanying statement of financial position of the Community Foundation Serving Southwest Colorado (a nonprofit organization) as of December 31, 2007, and the related statements of activities and cash flows for the year then ended. These financial statements are the ., responsibility of the Foundation's management. My responsibility is to express an opinion on these financial statements based on my audit. • 1 I conducted my audit in accordance with auditing standards generally accepted in the United ) States of ...