GALA Choruses audit 2007K2.cvw

GALA CHORUSES, INC. AND AFFILIATEConsolidated Financial Statements for theYears Ended December 31, 2007 and 2006,Supplemental Schedules for the Year EndedDecember 31, 2007 and Independent Auditors'ReportGALA CHORUSES, INC. AND AFFILIATETABLE OF CONTENTSPageIndependent Auditors' Report 1Financial Statements as of December 31, 2007 and2006 and for the Years Then Ended:Consolidated Statements of Financial Position 2Consolidated Statements of Activities 3Consolidated Statements of Cash Flows 4Notes to Consolidated Financial Statements 5Supplemental Schedules for the Year Ended December 31, 2007:Supplemental Schedules of Support and Revenue 8Supplemental Schedule of Expenses 9INDEPENDENT AUDITORS' REPORTTo the Board of Directorsof GALA Choruses I, Inc.We have audited the accompanying consolidated statement of financial positionof GALA Choruses I, Inc. (a nonprofit organization) and Affiliate as of December31, 2007 and the related consolidated statements of activities and cash flows forthe year then ended. These consolidated financial statements are theresponsibility of the Organization's management. Our responsibility is to expressan opinion on these financial statements based on our audit.We conducted our audit in accordance with auditing standards generallyaccepted in the United States of America. Those standards require that we planand perform the audit to obtain reasonable assurance about whether theconsolidated financial statements are ...