FINANCIAL STATEMENT

USA TRACK & FIELD-ARKANSAS ASSOCIATION

Fiscal Year Ended September 30, 2006

BALANCE SHEET

Assets

Cash $11,788.52

USATF Grant-Restricted 1,000.00

Total Assets $12,788.52

Liabilities

Current Liabilities -0-

Total Liabilities -0-

Equity $12,788.52

STATEMENT OF INCOME

October 1, 2005 – September 30, 2006

Cash in Bank – October 1, 2005 $10,269.25

Revenues

Memberships $ 1,454.04

Sanctions 1,750.00

Website 125.00

Club Memberships 350.00

Interest Earned 21.94

Total $3,700.98

Expenses

Club Memberships 175.00

Sanction Fees 1,565.00

National Meeting 357.87

Bank Checks 83.84

Total $2,181.71

Net Income 1,519.27

USATF Grant-Restricted 1,000.00

Cash in Bank – September 30, 2006 $12,788.52

Submitted by:

W. Randy Taylor Douglas J. Spencer

Secretary-Treasurer President

Arkansas Association Arkansas Association

October 11, 2006 October 11, 2006