12-31 audit consolidated final

EPISCOPAL DIOCESE OF PENNSYLVANIA AND AFFILIATES CONSOLIDATED FINANCIAL STATEMENTS YEAR ENDED DECEMBER 31, 2005 EPISCOPAL DIOCESE OF PENNSYLVANIA AND AFFILIATES CONTENTS INDEPENDENT AUDITOR'S REPORT 1 FINANCIAL STATEMENTS Consolidated Statement of Financial Position 2 Consolidated Statement of Activities 3 Consolidated Statement of Functional Expenses 4 Consolidated Statement of Cash Flows 5 Notes to Consolidated Financial Statements 6 ADDITIONAL INFORMATION Consolidating Statement of Financial Position 15 Consolidating Statement of Activities 16 Statement of Activities – Episcopal Diocese of Pennsylvania Only 17 Statement of Functional Expenses – Episcopal Diocese of Pennsylvania Only 18 INDEPENDENT AUDITOR'S REPORT To the Committee on Finance and Property Episcopal Diocese of Pennsylvania and Affiliates Philadelphia, Pennsylvania We have audited the accompanying consolidated statement of financial position of the Episcopal Diocese of Pennsylvania (the "Diocese") and Affiliates (nonprofit organizations) as of December 31, 2005, and the related consolidated statements of activities, functional expenses, and cash flows for the year then ended. These consolidated financial statements are the responsibility of the Diocese's management. Our responsibility is to express an ...