2009 FS Audit Energy Trust of Oregon, Inc

Financial Statements For the Years Ended December 31, 2009 and 2008 With Independent Auditors’ Report ENERGY TRUST OF OREGON, INC. FOR THE YEARS ENDED DECEMBER 31, 2009 AND 2008 CONTENTS Page INDEPENDENT AUDITORS’ REPORT 1 FINANCIAL STATEMENTS: Statements of Financial Position 2 Statements of Activities 3 Statements of Functional Expenses 4-5 Statements of Cash Flows 6 Notes to Financial Statements 7-13 INDEPENDENT AUDITORS’ REPORT The Board of Directors Energy Trust of Oregon, Inc. We have audited the accompanying statements of financial position of Energy Trust of Oregon, Inc. (“the Organization”) as of December 31, 2009 and 2008, and the related statements of activities, functional expenses and cash flows for the years then ended. These financial statements are the responsibility of the Organization’s management. Our responsibility is to express an opinion on these financial statements based on our audits. We conducted our audits in accordance with auditing standards generally accepted in the United States of America. Those standards require that we plan and perform the audits to obtain reasonable assurance about whether the financial statements are free of material misstatement. An audit includes consideration of internal control over financial reporting as a basis for designing audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on ...