South Bay Libertarians
                                Los Angeles County, California


BALANCE SHEET               Apr 30, 2008  Mar 31, 2008  Mar 31, 2007  Mar 31, 2006  Mar 31, 2005  Mar 31, 2004
                            ------------  ------------  ------------  ------------  ------------  ------------
Assets                                                                                   
Bank of America             $    2503.08  $    2552.63  $    2051.71  $    1692.94  $    2229.67  $    1613.50
Petty Cash                        207.00        165.00        474.00        133.00          0.00          0.00
Pending Deposit                     0.00          0.00          0.00          0.00          0.00          0.00
                            ------------  ------------  ------------  ------------  ------------  ------------
Total Assets                $    2710.08  $    2717.63  $    2525.71  $    1825.94  $    2229.67  $    1613.50
                            ============  ============  ============  ============  ============  ============
                                                                                                            
Liabilities                                                                              
Misc Liabilities            $       0.00  $       0.00  $       0.00  $       0.00  $     136.33  $      93.48
                            ------------  ------------  ------------  ------------  ------------  ------------
Total Liabilities           $       0.00  $       0.00  $       0.00  $       0.00  $     136.33  $      93.48
                            ============  ============  ============  ============  ============  ============
                                                                                                                   
Equity & Net Worth                                                                       
Marketing Campaign          $       0.00  $       0.00  $       0.00  $       0.00  $       4.81  $      50.00
Net Worth                        2710.08       2717.63       2525.71       1825.94       2088.53       1470.02
                            ------------  ------------  ------------  ------------  ------------  ------------
Total Equity & Net Worth    $    2710.08  $    2717.63  $    2525.71  $    1825.94  $    2093.34  $    1520.02
                            ------------  ------------  ------------  ------------  ------------  ------------
                                                                                                        
Total Liabilities & Equity  $    2710.08  $    2717.63  $    2525.71  $    1825.94  $    2229.67  $    1613.50
                            ============  ============  ============  ============  ============  ============
                                                                                         
                                                                                                            
INCOME & EXPENSES           Apr 01, 2008  Apr 01, 2007  Apr 01, 2006  Apr 01, 2005  Apr 01, 2004  Apr 01, 2003
                               through       through       through       through       through       through
                            Apr 30, 2008  Mar 31, 2008  Mar 31, 2007  Mar 31, 2006  Mar 31, 2005  Mar 31, 2004             
                            ------------  ------------  ------------  ------------  ------------  ------------
Income                                                                                                
  Contributions             $      42.00  $     434.00  $     599.00  $     232.00  $     232.03  $     345.00
  Fundraising Income                0.00          0.00          0.00          0.00          0.00        200.00
  Membership Income                 0.00          0.00        293.33        283.27       1310.80       1827.80
  Miscellaneous Income              0.00          0.00          0.00          2.22          4.55          3.20
                            ------------  ------------  ------------  ------------  ------------  ------------
Total Income                       42.00        434.00        892.33        517.49       1547.38       2376.00
                                                                                                       
Expense                                                                                                      
  Fundraising Expenses      $       0.00  $       0.00  $       0.00  $       0.00  $       0.00  $      91.48
  Mailing & Postage                45.56        194.26          0.00        256.76        679.44       1412.67
  Membership Outgo                  0.00          0.00          0.00          0.00          0.00        150.00
  Miscellaneous Expense             0.00          0.00          0.00         12.99          0.00          0.00
  Newsletters                       0.00          0.00          0.00          0.00          0.00          0.00
  Outreach Expenses                 0.00          0.00        118.00        273.13         40.00          0.00
  Speakers                          0.00          0.00          0.00        194.61        144.88        336.47
  Web Hosting                       3.99         47.82         74.56         47.40         64.55         87.94
                            ------------  ------------  ------------  ------------  ------------  ------------
Total Expense                      49.55        242.08        192.56        784.89        928.87       2078.56
                                                                                                    
NET INCOME (LOSS)           $      -7.55  $     191.92  $     699.77  $    -267.40  $     618.51  $     297.44
                            ============  ============  ============  ============  ============  ============