Audit Report 2008

REGIONAL ACCESS PROJECT FOUNDATION, INC. FINANCIAL STATEMENTS AND SUPPLEMENTARY FINANCIAL INFORMATION For The Year Ended June 30, 2008 REGIONAL ACCESS PROJECT FOUNDATION, INC. TABLE OF CONTENTS June 30, 2008 Page INDEPENDENT AUDITOR’S REPORT 1 FINANCIAL STATEMENTS Statement of Financial Position 2 Statement of Activities 3 Statement of Cash Flows 4 Statement of Functional Expenses 5 Notes to Financial Statements 6-11 SUPPLEMENTARY FINANCIAL INFORMATION Schedule of Grant Allocations 12-13 INDEPENDENT AUDITOR’S REPORT To The Board of Directors Regional Access Project Foundation, Inc. Palm Desert, California We have audited the accompanying statement of financial position of the Regional Access Project Foundation, Inc. (a nonprofit organization), as of June 30, 2008, and the related statements of activities, functional expenses, and cash flows for the year then ended. These financial statements are the responsibility of the Foundation’s management. Our responsibility is to express an opinion on these financial statements based on our audit. The prior year summarized comparative information has been derived from the Organizations 2007 financial statements and, in our report dated September 6, 2007, we expressed an unqualified opinion on ...