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<br />Accounting Estimates <br /> <br />Accounting estimates are an integral part of the financial statements prepared by management and are <br />based on management's knowledge and experience about past and current events and assumptions <br />about future events. Certain accounting estimates are particularly sensitive because of their <br />significance to the financial statements and because of the possibility that future events affecting them <br />may differ significantly from those expected. There were no significant accounting estimates used by <br />management in preparing the financial statements. <br /> <br />Difficulties Encountered in Performing the Audit <br /> <br />We encountered no significant difficulties in dealing with management in performing and completing our <br />audit. <br /> <br />Corrected and Uncorrected Misstatements <br /> <br />Professional standards require us to accumulate all known and likely misstatements identified during <br />the audit, other than those that are trivial, and communicate them to the appropriate level of <br />management. Management has corrected all such misstatements. In addition, none of the <br />misstatements detected as a result of audit procedures and corrected by management were material, <br />either individually or in the aggregate, to the financial statements taken as a whole. <br /> <br />Disagreements with Management <br /> <br />For purposes of this letter, professional standards define a disagreement with management as a <br />financial accounting, reporting, or auditing matter, whether or not resolved to our satisfaction, that could <br />be significant to the financial statements or the auditor's report. We are pleased to report that no such <br />disagreements arose during the course of our audit. <br /> <br />Management Representations <br /> <br />We have requested certain representations from management that are included in the management <br />representation letter dated April 8, 2009. <br /> <br />Management Consultations with Other Independent Accountants <br /> <br />In some cases, management may decide to consult with other accountants about auditing and <br />accounting matters, similar to obtaining a "second opinion" on certain situations. If a consultation <br />involves application of an accounting principle to the governmental unit's financial statements or a <br />determination of the type of auditor's opinion that may be expressed on those statements, our <br />professional standards require the consulting accountant to check with us to determine that the <br />consultant has all the relevant facts. To our knowledge, there were no such consultations with other <br />accountants. <br /> <br />Other Audit Findings or Issues <br /> <br />We generally discuss a variety of matters, including the application of accounting principles and <br />auditing standards, with management each year prior to retention as the CRA's auditors. However, <br />these discussions occurred in the normal course of our professional relationship and our responses <br />were not a condition to our retention. <br /> <br />This information is intended solely for the use of the Members and management of the CRA and is not <br />intended to be and should not be used by anyone other than these specified parties. <br /> <br />Respectfully yours, <br />CHERRY, BEKAERT & HOLLAND, L.L.P. <br /> <br />~<Wf~L;?/ <br />