INCOME			Approved
3030	Assessment Current			$1,544,250
3035	Assessment Prior Year			$          150,000
3040	Horse Board			$            60,000
3042	Dog Kennel			$                  500
3045	Motel			$            17,500
3046	R.V. Sites			$               3,000
3050	Guest Passes			$            27,400
3055	Cabins			$            15,000
3060	Riding Passes			$            16,000
3061	Owners' Dinner			$               7,000
3065	Rec Center Income			$            24,000
3066	Propane Sold			$               3,200
3067	Gasoline Sold			$                  500
3068	Postage			$                  400
3069	Laundry			$               2,400
3085	Transfer/D.U. Fees			$            11,000
3090	Late Charges/Interest			$            35,000
3092	Surcharges			$            12,000
3095	Fines			$               3,000
3096	NSF Charges			$                  500
3097	Document Preperation			$               1,500
3099	WHOA Income			$            12,000
3100	Miscellaneous Income			$               5,200
3110	Interest Income			$                       -
3115	Snack Bar			$            23,000
3120	General Store			$            28,000
3125	Advertisment Reimburs			$               2,000
3200	Loan Payments			$            28,000
3159	Poker Ride			$                       -
3123	Ranch Souvenirs			$               8,000
3210	Sales Income			$            35,000
8000	SP Assessment			$                       -
8001	House Rentals			$            38,000
	TOTAL INCOME			$       2,113,350
	PAYROLL EXPENSES
5010	Management			$            60,150
5020	Maintenance			$          124,000
5030	Security			$          120,000
5040	Stables			$            96,000
5050	WHOA Office			$          170,000
5060	Clubhouse			$            55,000
5070	Housekeeping			$            40,000
5080	Snack Bar			$            30,000
5085	General Store			$            15,000
5055	Marketing			$            12,000
	Overtime			$            20,000
	Bonuses			$            12,000
5090	Payroll Taxes			$            75,000
5100	Workers Compensation			$            76,000
5101	Insurance - Employee Group			$            70,000
5102	Benefits Risk/Admin Cost			$               1,000
5105	Mercy Air Ambulance			$               2,800
5104	Pre-Employment Expenses			$               1,500
	TOTAL PAYROLL EXPENSES			$          980,450
	GENERAL EXPENSES
6008	R&M General			$            12,500
6009	R&M Housekeeping			$               3,100
6016	R&M Cabins			$               5,600
6011	R&M Bathhouses			$               3,500
6012	R&M Motels			$               1,000
6020	R&M Stables & Arena			$               5,500
6030	R&M Water System			$               5,000
6031	R&M Generators			$                  500
6032	R&M Sewer System			$               3,500
6035	R&M Electrical System			$               1,500
6040	R&M Fences/Roads/Grounds			$               4,500
6050	R&M Central Buildings			$               5,000
6060	R&M Office/Guard Shack			$               1,500
6070	R&M General Store			$               1,200
6071	R&M Snack Bar			$               2,500
6080	R&M Mobiles/Trailers			$               7,000
6090	R&M Swimming Pools			$            18,000
6100	R&M Vehicles			$            10,000
6110	R&M Equipment			$               7,000
6120	R&M Office Equipment			$                  500
6130	Office Supplies/Printing			$            17,000
6135	Ranch Souviners			$               6,000
6140	Janitorial Supplies/Housekeeping			$            15,000
6145	Fire/Rescue/Medical & Safety			$               3,000
6150	General Supplies/Small Tools			$               1,500
6155	Motel Linens			$               5,000
6160	Gasoline			$            53,000
6180	Propane			$            39,000
6190	Garbage Service			$            14,000
6210	Office Equip - Rentals			$               1,500
6220	Mach & Equip - Rentals			$               1,500
6230	Property Taxes			$          104,000
6250	Vehicle & Business License			$               6,000
6270	Accounting Fees			$            30,000
6280	Professional Services			$            13,000
6290	Collection Fees			$                       -
6300	Legal Fees			$            25,000
6310	Pest Control			$               2,200
6400	Stable Supplies & Tack			$               3,000
6401	Elections Cost			$                       -
6410	Farrier Fees			$            16,000
6415	Vet Fees			$            14,000
6420	Feed & Pasture			$            80,000
6425	Poker Ride			$                       -
6430	Newsletter Expenses			$            12,000
6431	Rec Center Supplies			$            10,000
6440	Bad Debts			$                       -
6450	Seminars			$               4,000
6510	Contributions			$                  100
6530	Merchant/Bank Charges			$            22,000
6540	Snack Bar Supply & Expense			$            17,000
6541	Snack Bar Spoilage			$               1,200
6550	Dues & Subcriptions			$               1,000
6585	General Store Supply & Expense			$            28,000
6586	General Store Spoilage			$               1,100
6590	Bands/Satellite Programming			$            13,000
6591	Onwer BBQ's/Dinners/Etc.			$               7,000
6608	Sales Referral Fee			$               1,000
7000	Travel			$            17,000
7050	Telephone			$               9,000
7060	Electricity			$          100,000
7070	Gas-Natural			$            38,000
7090	Insurance - General			$          195,000
7110	Insurance - Directors E&O			$               5,600
7120	Finance Charges/Interest			$                  500
7140	Uniforms			$               2,000
7150	Licenses			$               1,000
7280	Postage			$               7,500
7300	Miscellaneous Expense			$               4,000
7900	Federal Income Tax Expense			$               4,700
7901	State Income Tax Expense			$               2,800
8002	Court Cost			$            40,000
	TOTAL GENERAL EXPENSE			$       1,093,100
	TOTAL PAYROLL EXPENSE			$          980,450
	TOTAL OPERATING EXPENSE			$       2,073,550
	TOTAL INCOME			$       2,113,350
	INCOME <LOSS>			$            39,800
	RESERVE DEPOSITS			$            30,000
	NET INCOME <LOSS>			$               9,800