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4800 64:11 AVENUE <br /> SUITE 110 <br /> FORT LAUDERDALE„FLORIDA 3331: <br /> 1954)581-1660 <br /> //�] (��•1J�/•7 //�J /'^•1 (55$)321.50E5 FAX <br /> 1.��,t t Of & ('o OIC. L1'FOr-LtYCi4.O1-8ICE.CO:i <br /> CERTIFIED PUBLIC ACCOUNTANTS <br /> (A PARTNERSHIP OF PROFESSIONAL ASSOCIATIONS) <br /> LNDEPENDENT AUDITORS' REPORT <br /> To the Stockholders of <br /> Shoreline Foundation,Inc-: <br /> We have audited the accompanying balance sheet of Shoreline Foundation, Inc. (a Sub-Chapter S Florida <br /> Corporation)as of December 31,2009,and the related statements of income and retained earnings and cash <br /> flows for the year then ended. These financial statements_are the responsibility of the Company's <br /> management. Our responsibility is to express an opinion on these financial statements based on our audit. <br /> We conducted our audit in accordance with auditing standards generally accepted in the United States of <br /> America. Those standards require that we plan and perform the audit to obtain reasonable assurance about <br /> whether the financial statements are free of material misstatetirent. An audit includes examining, on a test <br /> basis,evidence supporting the amounts and disclosures in the financial statements. An audit also includes <br /> assessing the accounting principles used and significant estimates made by management, as weil as evaluating <br /> the overall financial'statement presentation. We believe that our audit provides a reasonable basis for our <br /> opinion. <br /> • <br /> In our opinion,the financial statements referred to above present fairly, in all material respects,the financial <br /> position of Shoreline Foundation.Inc. as of December 31, 2009, and the results of its operations and its cash <br /> flows,for the year then ended in conformity with accounting principals generally accepted in the United States <br /> of America. <br /> Our audit was conducted for the purpose of forming an opinion on the basic financial statements taken as a <br /> whole. The supplemental schedules listed in the Table of Contents are presented for the purpose of additional <br /> analysis and are not a required pan of the basic financial statements. These schedules are the responsibility of <br /> the Company's management. Such information has not been subjected to the.auditing procedures applied in <br /> the audit of the basic financial statements, and, accordingly, we express no opinion on that information. <br /> Carroll &Cook <br /> April 16,2010 <br />• member. American Institute of Cerified Public Accountants <br /> Florida Institute of Certified Public Accountants <br />