RESPONSIVE EDUCATION SOLUTIONS (FORMERLY EAGLE ACADEMIES OF TEXAS) COMBINED ANNUAL FINANCIAL ANI COMPLIANCE REPORT FOR THE YEAR ENDED AUGUST 31, 2007RESPONSIVE EDUCATION SOLUTIONS ‘COMBINED ANNUAL FINANCIAL AND COMPLIANCE REPORT, FOR THE YEAR ENDED AUGUST 31, 2007 ‘TABLE OF CONTENTS Reference Certificate of Board of Directors. Independent Auditor’s Report- ‘Unqualified Opinion on Financial Statements General-Purpose Financial Statements: ‘Statement of Financial Position... soe Exhibit A-L Statement of Activites Sonn Exhibit A-2 ‘Statement of Cash Flows... so Exhibit A-3 Notes to Financial Statements..... Specific-Purpose Financial Statements ‘Statement of Financial Position vo Exhibit B-1 Statement of Activities... ‘Statement of Cash Flows, Supplementary Schedules: ‘Schedule of Expenses. ‘Schedule of Capital Assets Budgetary Comparison Schedules Compliance and Other Reports: Independent Auditor's Report- Report on Internal Control over Financial Reporting and Compliance and Other Matters Based on and Audit of Financial Statements Performed in Accordance with Government Auditing Standards... Independent Auditor's Report- Report on Compliance with Requirements Applicable to Each Malo Program neal Control over Compline wih (OMB Circular A-133... ‘Schedule of Findings and Questioned Cost ......100 Exhibit F-1 Schedule of Prior Year Audit Findings Corrective Action Plan Exhibit G-1 Schedule of Expenditures of Federal Awards Exhibit H-1 Notes to Schedule of Expenditures of Federal AwardsRESPONSIVE EDUCATION SOLUTIONS COUNTY-DISTRICT NUMBER: 221801 FEDERAL IDENTIFICATION NUMBER: 75-2748762 COMBINED ANNUAL FINANCIAL AND COMPLIANCE REPORT FOR THE YEAR ENDED AUGUST 31, 2007 CERTIFICATE OF BOARD OF DIRECTORS We, the undersigned, certify that the attached Annual Financial and Gofmpliance Report of Responsive Education Solutions was reviewed and (check one) approved disapproved for the year ended August 31, 2007, at a meeting of the governing body of said charter school on the 25 day of January, 2008, Signature of Board Secretary Signature’of Board Predident NOTE: Ifthe governing body of the charter school does not approve the independent auditors’ report, it must forward a written statement discussing the reason(s) for not approving, the report.