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LOS ANGELES SHERIFF’S PROFESSIONAL ASSOCIATION, INC.
(A labor Association) Financial Statement: MAY 31, 2003
Balance Sheet ( See Accountant's Compilation Report)
| CASH |
$10,111 |
| Fixed Assets |
$7,553 |
| Deposits |
$ 4,217 |
| Total assets |
$21,881 |
| LIABILITIES AND MEMBERS' EQUITY Accounts payable |
$40,099 |
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| Members equity (deficit) |
($18,218) |
| Total liabilities & members equity |
$21,881 |
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Statements of Activities Twelve Months Ended MAY 31, 2003 |
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| Dues |
$582,959 |
| Member benefits |
$226,236 |
| Office salaries |
$118,977 |
| Insurance |
$17,897 |
| Depreciation |
$4,892 |
| Telephone |
$13,252 |
| Legal and professional |
$57,898 |
| Printing, newsletter & website |
$12,462 |
| Rent |
$29,543 |
| Miscellaneous |
$2,953 |
| Automobile |
$1,342 |
| Marketing |
$10,500 |
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| Total: |
$543,366 |
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| Net income |
$39,593 |
| Members' (deficit) beginning of the year |
($57,811) |
| Members' (deficit) end of the year |
($18,218) |
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STATEMENT OF CASH FLOWS NINE MONTHS ENDED FEBRUARY 28,2002
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| Net income |
$39, 593 |
| Adjustment to reconcile net income to cash from operating activities: |
| Depreciation |
$4,892 |
| (Decrease) increase |
| Accounts payable |
$3,141 |
| Prepaid dues |
($44,135) |
| Cash flows from operations |
$3,491 |
| Cash flows provided (used) by investing activities: |
| Cash flows provided (used) by financing activities: |
| Loan repayments |
($798) |
| Net increase (decrease) in cash |
$2,693 |
| Cash at beginning of year |
$7,418 |
| Cash at end of year |
$10,111 |
| Supplemental disclosure: |
| Interest paid |
$0 |
| Taxes Paid |
$0 |
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