As constitutionally required, Local 311 submitted it’s financial records to a Certified Public Account firm (Philip Vogel & Co) for the purpose of conducting an independent audit for the year 2004. This audit was conducted in accordance with auditing standards generally accepted in the United States of America. This audit included a detailed examination, on a test basis, evidence supporting the amounts and disclosures in the financial statements. The audit also includes assessing the accounting principles used and internal controls exhibited by the local, as well as its overall financial condition. With great pride, I am please to report that there were no major weaknesses in the Locals book or record keeping, nor any substantial recommendations by the accountants.