Independent Auditor’s Report
We have audited the accompanying statements of assets, liabilities and net assets of the City of Taunton, Massachusetts. Municipal Lighting Plant (an enterprise fund of the City of Taunton, Massachusetts) as of December 31, 2008 and 2007, and the related statements of revenues, expenses and changes in net assets and statements of cash flows for the years then ended. These financial statements are the responsibility of the Plant’s management. Our responsibility is to express an opinion on these financial statements based on our audits.
We conducted our audits in accordance with auditing standards generally accepted in the United States of America. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatements. An audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements. An audit also includes assessing the accounting principles used and significant estimates made by management, as well as evaluating the overall financial statement presentation. We believe that our audits provide a reasonable basis for our opinion.
In our opinion the financial statements referred to above present fairly, in all material respects, the financial position of the Taunton Municipal Lighting Plant as of December 31, 2008 and 2007, and the results of its operations and its cash flows for the years then ended in conformity with accounting principles generally accepted in the United States of America.
The management's discussion and analysis and the required supplementary information are not a required part of the basic financial statements but are supplementary information required
by accounting principles generally accepted in the United States of America. We have applied certain limited procedures,
which consist principally of inquiries of management regarding the methods of measurement and presentation of the
supplementary information. However, we did not audit the information and express no opinion on it.
June 26th, 2009
Braver PC
Accountants & Advisors
45 Junction Square Drive, PO Box 410
Concord, MA 01742-0410
Tel: (978) 369-4830 • Fax: (978) 369-7451
