IOWA SOCCER ASSOCIATION

Profit & Loss Year

Profit & Loss Month

			Aug '07 - Jun 08
	Income
		Adverstising Income	3,168.38
		Affiliate Fees	4,140.16
		Coach Clinics	150.00
		Contributions	699.35
		Entry Fees	417,599.92
		Interest	14,722.66
		Mailing List	3,647.64
		Merchandise	37,072.91
		Misc	3,647.90
		Registration Coaches	23,030.00
		Registration Players	406,619.50
		Reimbursed Expenses	40,555.78
		Royalties	193.75
		Sponsorships	42,100.00
		User Fees	369,174.97
	Total Income		1,366,522.92
	Expense
		Advertising	50.00
		Affiliation/Professional Fees	41,669.96
		Allocated General Expenses	38,917.76
		Awards/Gifts	20,211.49
		Camp/Cup Fees	181,930.28
		Depreciation	434.32
		Equipment	16,022.15
		Insurance	60,865.26
		Internet	6,816.86
		Lodging	30,295.90
		Mailings	3,123.58
		Meals/Food	12,724.49
		Merchandise Expense	23,664.27
		Non-Employee Compensation	232,249.50
		Payroll Expenses	265,311.66
		Player Fees	67,222.50
		Postage	6,258.01
		Printing	7,537.01
		Referee/Trainer Fees	2,385.00
		Rental	59,677.81
		Scholarship	-500.00
		Service Charge	1,033.90
		Supplies	26,039.31
		Telephone	7,882.08
		Tournament Rentals	9,690.68
		Transportation	97,329.20
	Total Expense		1,218,842.98
Net Income			147,679.94

			Jun 08
	Income
		Affiliate Fees	50.00
		Entry Fees	1,644.00
		Mailing List	303.67
		Merchandise	3,225.00
		Misc	149.32
		Registration Coaches	155.00
		Registration Players	5,478.00
		Reimbursed Expenses	5,233.98
		User Fees	63,006.50
	Total Income		79,245.47
	Expense
		Affiliation/Professional Fees	2,598.12
		Allocated General Expenses	5,167.00
		Awards/Gifts	5,477.85
		Camp/Cup Fees	14,770.00
		Depreciation	54.29
		Equipment	1,417.22
		Insurance	4,217.16
		Internet	1,348.80
		Lodging	1,123.36
		Mailings	1,408.41
		Meals/Food	-67.11
		Merchandise Expense	35.00
		Non-Employee Compensation	17,582.50
		Payroll Expenses	24,506.32
		Player Fees	6,404.00
		Postage	380.20
		Printing	1,214.68
		Referee/Trainer Fees	1,085.00
		Rental	7,524.64
		Supplies	7,947.83
		Telephone	858.73
		Tournament Rentals	381.60
		Transportation	74,056.99
	Total Expense		179,492.59
Net Income			-100,247.12

Balance Sheet

					Jun 30, 08
ASSETS
	Current Assets
		Checking/Savings
			Certificates of Deposit		298,795.77
			Eastbay Allotment		2,132.10
			Petty Cash		100.00
			Postage Meter		1,500.00
			Wells Fargo General		271,729.63
			Wells Fargo Tournament		4,893.61
		Total Checking/Savings			579,151.11
		Accounts Receivable
			Accounts Receivable		123,256.83
		Total Accounts Receivable			123,256.83
		Other Current Assets
			Meeting Deposits		2,000.00
			Pre-paid Insurance		4,573.84
			Pre-paid Online Registration		1,600.64
			Prepaid BODP Region II Camp		-6,426.00
			Prepaid GODP Region II Camp		-5,840.00
		Total Other Current Assets			-4,091.52
	Total Current Assets				698,316.42
	Fixed Assets
		Accumulated Depreciation			-434.32
		Computer Equipment			1,954.58
	Total Fixed Assets				1,520.26
TOTAL ASSETS					699,836.68
LIABILITIES & EQUITY
	Liabilities
		Current Liabilities
			Accounts Payable
				Accounts Payable	52,091.75
			Total Accounts Payable		52,091.75
			Other Current Liabilities
				Deferred Rev-BODP Tryout	450.00
				Deferred Rev-Boys Dvlp Camp	41,100.00
				Deferred Rev-CSK Entry Fee	89,735.00
				Deferred Rev-Girls Dvlp Camp	87,903.00
				Deferred Rev-GODP Tryout	630.00
			Total Other Current Liabilities		219,818.00
		Total Current Liabilities			271,909.75
	Total Liabilities				271,909.75
	Equity
		ISA Retained Earnings			280,246.99
		Net Income			147,679.94
	Total Equity				427,926.93
TOTAL LIABILITIES & EQUITY					699,836.68


	3850 Merle Hay Rd., Suite 524 Des Moines, IA 50310 Office 515/252-6363 • 800/386-4692 • Fax 515/252-7676
Financials