LASPA, The Los Angeles Sheriff's Professional Association

CASH	$2,239
Fixed Assets	$ 13,166
Deposits	$ 4,217
Total assets	$19,622
LIABILITIES AND MEMBERS' EQUITY Accounts payable	$36,958
Current portion of long term debt	$1,592
Total current liabilities	$38,550

Members equity (deficit)	($18,928)
Total liabilities & members equity	$19,622

STATEMENT OF ACTIVITIES NINE MONTHS ENDED FEBRUARY 28, 2002

Dues	$499,019
Member benefits	$279,683
Office salaries	$69,040
Payroll taxes	$5,510
Insurance	$2,874
Depreciation	$2,164
Telephone	$10,664
Office expenses	$4,914
Postage	$4,443
Recruitment & promotion	$3,499
Printing, newsletter & website	$7,598
Rent	$19,503
Legal & professional	$56,001
Travel & entertainment	$1,980
Education	$1,735
Miscellaneous taxes	$519
Miscellaneous	$235

Total:	$470,362

Income from operations	$28,657
Interest expense	$1,651
Net income	$27,006
Members' (deficit) beginning of the year	($45,934)
Members' (deficit) end of the year	($18,928)

STATEMENT OF CASH FLOWS NINE MONTHS ENDED FEBRUARY 28,2002

Net income	$27,006
Adjustment to reconcile net income to cash from operating activities:
Depreciation	$2,164
(Decrease) increase
Accounts payable	($3,891)
Prepaid dues	($57,394)
Cash flows from operations	($32,115)
Cash flows provided (used) by investing activities:
Purchase of fixed assets	($2,705)
Cash flows provided (used) by financing activities:
Loan repayments	($25,267)
Net increase (decrease) in cash	($60,087)
Cash at beginning of year	$62,326
Cash at end of year	$2,237
Supplemental disclosure:
Interest paid	$3,133

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