LOS ANGELES SHERIFF’S PROFESSIONAL ASSOCIATION, INC.
(A labor Association) Financial Statement: May 31, 2000
Balance Sheet ( See Accountant's Compilation Report)

CASH	$45,595.00
Accounts receivable	$17,819
Total Current Assets	$50, 750
Fixed Assets	$ 12,342
Deposits	$ 4,217
Total assets	$62,154.00
LIABILITIES AND MEMBERS' EQUITY Accounts payable	$22,687.00
Prepaid dues	$53,767
Total current liabilities	$92,101
Notes payable (less current portion)	$27,840
Members equity (deficit)	($57,787)
Total liabilities & members equity	$62,154.00
STATEMENT OF ACTIVITIES FOR THE PERIOD FROM INCEPTION JUNE 2, 1999 TO MAY 31, 2000
Dues	$340,476.00
Expenses	$240,214
Police Benefits	$22,293
Office Salaries	$ 2,657
Payroll Taxes	$2,001
Depreciation	$21,613
Telephone	$9,355
Office expenses	$2,051
Postage	$6,422
Rent	$65,339
Printing	$20,997
Legal & Professional	$395,932
Miscellaneous	$663
Income (loss) from operations	($55,456 )
Interest expense	$2,331
Net Income	(loss) ($57,787.00)
STATEMENT OF CASH FLOWS FOR THE PERIOD FROM INCEPTION JUNE 2, 1999 MAY 31,2000
Net Income	$57,787.00
(Increase) decrease Deposits	$4,217
(Decrease) increase Accounts payable	$22,687
Prepaid Dues	$53,767
Cash flows from operations	$14,450
Cash flows provided (used) by investing activities: Purchase of equipment	$14,343
Cash flows provided (used) by financing activities New borrowings	$45,488
Net increase (decrease) in cash	$45,595
Cash beginning of period	$0.00
Cash ending of period	$45,595.00
Supplemental Disclosure: Interest paid	$2,331