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<br />I\-----u - <br /> <br />r <br />, <br />[,I <br /> <br />E:l5 <br /> <br />accountants fit advisors <br /> <br />1 <br /> <br />( <br />l, <br />I <br />1 <br />[ I: <br />r'i <br />l]J <br />f'l <br />L ; <br />" <br /> <br />r1 <br />l j <br /> <br />DEVELOPMENT COUNSELLORS INTERNATIONAL, lTD. <br />(AN S CORPORATION) <br /> <br />DECEMBER 31, 2008 AND 2007 <br /> <br />TABLE OF CONTENTS <br /> <br />. <br />Accountants' Report <br /> <br />il <br />~, <br />r " <br />l i <br /> <br />[it <br />; l' <br />~f <br />I (, <br />I Lot <br />a <br />'\ <br />r ' <br />LJ <br />~ <br />~ <br />[ '\ <br />L) <br />~t <br />[ "J <br />l: <br /> <br />~. <br /> <br />~ <br />[': <br /> <br />" <br /> <br /> <br />l." <br /> <br />Financial Statements: <br /> <br />Balance Sheets <br /> <br />Statements of Income and Retained Earnings <br /> <br />Statements of Cash Flows <br /> <br />Notes to Financial Statements <br /> <br />Supplementary Information <br /> <br />ERE llP <br />440 Park Avenue South <br />New York, NY 10016-8012 <br />Tel: 212.576.1400 <br />Fax: 212.576.1414 <br />www,ere-cpa,(om <br /> <br />Member of CPAmerica Illtemillional <br /> <br />SiB <br />