2008 Journal Cover Pages.pub - Wisconsin Conference United ...

2008 Wisconsin Conference JournalREPORT OF INDEPENDENT CERTIFIED PUBLIC ACCOUNTANTSWisconsin Annual ConferenceThe United Methodist ChurchSun Prairie, WisconsinWe have audited the accompanying statements of financial position of the WisconsinAnnual Conference of The United Methodist Church as of December 31, 2007 and 2006,and the related statements of activities and changes in net assets, and cash flows for theyears then ended. These financial statements are the responsibility of the Conference’smanagement. Our responsibility is to express an opinion on these financial statements basedon our audits.We conducted our audits in accordance with auditing standards generally accepted inthe United States of America. Those standards require that we plan and perform the auditto obtain reasonable assurance about whether the financial statements are free of materialmisstatement. An audit includes examining, on a test basis, evidence supporting the amountsand disclosures in the financial statements. An audit also includes assessing the accountingprinciples used and significant estimates made by management, as well as evaluating theoverall financial statement presentation. We believe that our audits provide a reasonablebasis for our opinion.In our opinion, the financial statements referred to above present fairly, in all materialrespects, the financial position of the Wisconsin Annual Conference of The United MethodistChurch as of December 31, 2007 and 2006, and the results of its operations and its cashflows for the years then ended in conformity with accounting principles generally acceptedin the United States of America.Madison, WisconsinJune 6, 2008SMITH & GESTELAND, LLPAudited Financial Statements175