We, the Chicago Church of Christ Board of Directors, are pleased to provide you with the attached audit report which presents an unqualified opinion on the financial condition of our church for the years 2004 and 2005. This year again, the Board secured the services of an independent auditing resource that specializes in "not for profit" organizations. The audit results indicate that the Chicago Church of Christ has maintained a healthy and acceptable use and control of the financial assets in regards to the mission and purpose of our fellowship.

The Church maintains a balanced structure that facilitates the preparation of reliable financial and performance information. This information is reviewed by Church leadership (Elders, Evangelists and Administrative Staff) and the Board on a regular basis. We commend the administrative staff for the noteworthy accomplishment of attaining an unqualified opinion in the assessment of the auditing team. We also commend their diligent work and dedication to make our Church exemplary in its use and leverage of funds and assets for the glory of Christ and His Church.

We contracted with the independent certified public accounting firm of Capin Crouse LLP to perform the audit of the Chicago Church of Christ financial statements as of and for the year ending December 31st, 2005 and 2004. The contract required that the audit be done in accordance with U.S. generally accepted auditing standards and practices.

In its audit it was found that:

• The financial statements were fairly and explicitly presented, in all material respects and in conformity to U.S. generally accepted accounting principles;
• There were no material weaknesses in internal control and, in fact, previous recommendations to strengthen these had been met.
• There were no instances in which the financial management systems did not comply with the proper regulatory requirements and practices.

If you wish to discuss the contents of this report, please call any of the Board members, or Jeff Balsom or Bill Sanders at the church office.

We appreciated the opportunity to serve Christ and our fellowship in this way.