SKIM USA FINANCIAL STATEMENT

OCTOBER 1, 2009 TO SEPTEMBER 30, 2010

BEGINNING BALANCE $ 10,987.59

INCOME

CD 21.04

Savings A/C 5,730.69

Contest Entry Fee 16,995.00

Interest 97.39

Late Fee 670.00

Return of Change Bag 300.00

Scholarship Fund 2,500.00

Shirt Sales 3,618.00

Membership Fee 6,890.00

Sponsorship Fee 13,775.00

Raffle Sales 1,105.00

Donations 3,738.00

Skim USA Florida 945.00

All Star Team 1,158.41

Transfer of Funds 1,823.00

Semi-Pro Prize Money 707.23

TOTAL INCOME 60,073.76 $71,061.35

EXPENSES

Advertising $ 2,763.69

Skim FL start up 7,000.00

Bank Charge 220.57

Contest Expenses 16,484.92

Contest Tee Shirts 3,672.35

Credit Card Processing Fee 400.42

Contest Equipment 878.99

Freight 20.93

Equipment Trailer 377.00

Merchandise 14.97

Office 832.08

Postage 562.92

Program Expenditures 16,500.00

Scholarship Award 2,000.00

Tax 135.00

Travel 13,666.95

Trophies 1,618.50

Change Bags 300.00

Flags 600.00

Special Event Fee 105.00

Permit 60.00 TOTAL EXPENSES $ 68,214.29

ENDING BALANCE $2,847.06