Independent Auditor's Report
To the Board of Directors
Forum for Scriptural Christianity, Inc.
We have audited the accompanying statements of
financial position of Forum for Scriptural Christianity, Inc.
(a non-profit corporation) (the "Organization") as
of December 31, 1997 and 1996, and the related statements of
activities and changes in net assets and cash flows for the
twelve months ended December 31, 1997. These financial statements
are the responsibility of the Organization's management. Our
responsibility is to express an opinion on these financial statements
based on our audit.
We conducted our audit in accordance with the
generally accepted auditing standards. Those standards require
that we plan and perform the audit to obtain reasonable assurance
about whether the financial statements are free of material
misstatement. 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 signficant estimates made by management,
as well as evaluating the overall financial statement presentation.
We believe that our audit provides 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 Forum for Scriptural Christianity, Inc. as of December
31, 1997 and 1996, and the results of its operations and changes
in financial position for the year then ended, in conformity
with generally accepted accounting principles.
Our audit was made for the purpose of forming
an opinion on the basic financial statements taken as a whole.
The supplemental information is presented for purposes of additional
analysis and is not a required part of the financial statements.
Such information has been subjected to the auditing procedures
applied in the audit of the basic financial statements and,
in our opinion, is fairly stated in all material respects in
relation to the basic financial statements taken as a whole.
May 15, 1998
Garstka & Associates, PSC
Member American Institute of Certified Public
Accountants
Kentucky Society of Certified Public Accountants
