TO THE UNITHOLDERS OF ENBRIDGE INCOME FUND
The management of Enbridge Management Services Inc. is responsible for the accompanying consolidated financial statements and all other information in this Annual Report. The consolidated financial statements have been prepared in accordance with Canadian generally accepted accounting principles and necessarily include amounts that reflect management’s judgment and best estimates. Financial information contained elsewhere in this Annual Report is consistent with the consolidated financial statements.
To meet its responsibility for reliable and accurate financial statements, management has established or assumed responsibility for monitoring systems of internal control which are designed to provide reasonable assurance that financial information is relevant, reliable and accurate, and that assets are safeguarded from loss or unauthorized use and transactions are executed in accordance with management’s authorization. The internal control system includes an internal audit function as well as monitoring of an established code of business conduct.
The Board of Trustees and the Audit Committee are responsible for all aspects related to governance of the Fund. The Audit Committee, composed of independent and financially literate directors, has a specific responsibility to oversee management’s efforts to fulfill its responsibilities for financial reporting and internal controls related thereto. The Audit Committee meets regularly during the year with management, internal auditors and independent auditors to review the consolidated financial statements, Management’s Discussion and Analysis and Annual Information Form as well as internal controls related thereto, prior to submission to the Board of Trustees for approval.
PricewaterhouseCoopers LLP, appointed by the unitholders as the Fund’s independent auditors, conducts an examination of the consolidated financial statements in accordance with Canadian generally accepted auditing standards.
James A. Schultz
John K. Whelen
Vice President, Business Development &
Chief Financial Officer
February 6, 2009