FINANCIAL STATEMENT

USA TRACK & FIELD-ARKANSAS ASSOCIATION

Fiscal Year Ended September 30, 2007

BALANCE SHEET

Assets

Cash $14,066.91

USATF Grant-Restricted 1,000.00

Total Assets $15,066.91

Liabilities

Current Liabilities -0-

Total Liabilities -0-

Equity $15,066.91

STATEMENT OF INCOME

October 1, 2006 – September 30, 2007

Cash in Bank – October 1, 2006 $12,788.52

Revenues

Memberships $ 1,947.55

Sanctions 2,090.00

Website 125.00

Club Memberships 150.00

Interest Earned 29.34

Total $4,341.89

Expenses

Club Memberships 75.00

Sanction Fees 1,680.00

National Meeting 285.03

State Meeting 23.47

Total $2,063.50

Net Income 2,278.39

Cash in Bank – September 30, 2007 $15,066.91

Submitted by:

W. Randy Taylor Douglas J. Spencer

Secretary-Treasurer President

Arkansas Association Arkansas Association

October 8, 2007 October 8, 2007