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<br />. <br /> <br />. <br /> <br />. <br /> <br />E. FINANCIAL STATEMENT <br /> <br />Since its inception in 1976, WA has demonstrated unique continuity, stability and financial strength within <br />the Architectural/Engineering community. WA offers a sound business foundation in management and <br />methodology, Through traditional accounting and cash flow management, the firm is able to project, con- <br />trol and report it's past, daily and future operations in a professional and comprehensive format. <br /> <br />Julio E. Alvarez, PE, president and owner of Wolfberg Alvarez & Partners is the only individual holding <br />financial interest in the firm. <br /> <br />Ra(~hiin~1;; <br /> <br />Accountants . Advisors <br /> <br />January 17, 2007 <br /> <br />Ms. Rosemary Canals <br />Wolfberg Alvarez & Partners, Inc. <br />1500 San Remo Avenue, Suite 300 <br />Coral Gables, Florida 33146 <br /> <br />Dear Ms. Canals: <br /> <br />You have requested that I provide you with the fee income for Wolfberg Alvarez & <br />Partners, Inc. for the year ending September 30, 2006. The fee income was <br />approximately $8,028,000. <br /> <br />Ifyou have any questions regarding the above matter or need additional information <br />please do not besitate to contact me. ' <br /> <br />~j1erelY' h C~ . I F/ <br /> <br />IJI1 J. MMgofi", CPA, PFS <br />Partner <br /> <br /> <br />Rachlin Coben & Holtz UP <br />450 East Las Olas Boulevard. Suite 950' Fort Lauderdale, Florida 33301 . Phooe 954.525.1040 . Fax 954.525.2004' www.rachlin.com <br />An Independent Member of Baker Tilly International <br /> <br />MIAMI. rOil LAUOERDAli . WEST palM BEACH. STUART <br /> <br />~ <br /> <br />Wolfberg Alvarez & Team <br />City of Sunny Isles Beach <br />October 10, 2007 <br /> <br />Page 11 <br />