Financial Reports

<body topmargin=0 leftmargin=0 marginheight=0 marginwidth=0> <table cellpadding=0 cellspacing=0 border=0><tr> <td valign="top" colspan=2 height=90 BGCOLOR="#006699" TEXT="#080000" bgproperties="fixed" background="02c285a1erlcgo.gif"> <div> <FONT SIZE="5" COLOR="#FFCC66" FACE="Arial" ><B>Staunton Military Academy Alumni Association</B></FONT><B>     |     </B><A HREF="index.htm" TARGET="_top" TITLE="Staunton Military Academy Alumni Associa"><U><B>home</B></U></A></div> <div> <A HREF="president.htm" TARGET="_top" TITLE="President"><U>President</U></A>   |   <A HREF="organization.htm" TARGET="_top" TITLE="Organization"><U>Organization</U></A>   |   <A HREF="aby_laws.htm" TARGET="_top" TITLE="Association ByLaws"><U>Association By-Laws</U></A>   |   <A HREF="fby_laws.htm" TARGET="_top" TITLE="Foundation ByLaws"><U>Foundation By-Laws</U></A>   |   <A HREF="minutes.htm" TARGET="_top" TITLE="Minutes"><U>Minutes</U></A>   |   <B>Financial Reports</B></div> <div> </div> </td> </tr><tr> <td valign="top" width=210 BGCOLOR="#FFCC66" TEXT="#080000" background="02ad2c00dkelyh.gif"> <div> <IMG SRC="088393d0.gif" border=0 width="57" height="61" ALIGN="BOTTOM" HSPACE="0" VSPACE="0"></div> <bR> <div> <B>Treasurer</B></div> <div> <A HREF="mailto:tdavis@plantersbank.net" TARGET="_top" TITLE="mailto:tdavis@plantersbank.net"><U>Tom Davis, SMA '62</U></A></div> <bR> <div> <B>Finance Committee</B></div> <div> <A HREF="mailto:tdavis@plantersbank.net" TARGET="_top" TITLE="mailto:tdavis@plantersbank.net"><U>Tom Davis, SMA '62</U></A></div> <div> Bill Kearns, '74</div> </td> <td valign="top" height=390 BGCOLOR="#FFFFFF" TEXT="#080000"> <div> <I>Financial Reports</I></div> <DIV ALIGN="LEFT"></DIV> <div> <B> <TABLE BORDER="2" CELLPADDING="2" CELLSPACING="1" WIDTH="372" BORDERCOLORLIGHT="#C0C0C0" BORDERCOLORDARK="#808080" FRAME="BOX" RULES="ALL" ALIGN="BOTTOM" HSPACE="0" VSPACE="0" BGCOLOR=#DDDDDD > <tR> <tD VALIGN=CENTER HEIGHT= 155 ><NOBR><div> <B>SMA Alumni Association</B><FONT SIZE="4" COLOR="#000000" FACE="Arial" > </FONT></div> <div> <B>Financial Reports</B><FONT SIZE="4" COLOR="#000000" FACE="Arial" > </FONT></div> <div> <I>As of 31 March 2006</I><FONT SIZE="2" COLOR="#000080" FACE="Arial" > </FONT></div> <bR> <div> <B><IMG SRC="12b963c0.gif" border=0 width="150" height="60" ALIGN="BOTTOM" HSPACE="0" VSPACE="0"></B></div> <div> [Unaudited - For Management Purposes Only]</div> </NOBR></tD> </tR> </TABLE></B></div> <bR> <div> <TABLE BORDER="2" CELLPADDING="2" CELLSPACING="1" WIDTH="144" BORDERCOLORLIGHT="#C0C0C0" BORDERCOLORDARK="#808080" FRAME="BOX" RULES="ALL" ALIGN="BOTTOM" HSPACE="0" VSPACE="0" > <tR> <tD VALIGN=TOP BGCOLOR=#FFCC66 HEIGHT= 52 WIDTH="132"><div> <A HREF="http://www.sma-alumni.org/SMA-CFR_0306.pdf" TARGET="_top" TITLE="http://www.sma-alumni.org/SMA-CFR_0306.p"><U><B>FINANCIAL REPORT</B></U></A></div> <div> <A HREF="http://www.sma-alumni.org/SMA-CFR_0306.pdf" TARGET="_top" TITLE="http://www.sma-alumni.org/SMA-CFR_0306.p"><U>March 31, 2006</U></A></div> </tD> </tR> </TABLE></div> <bR> <div> <IMG SRC="07947060.gif" border=0 width="583" height="6" ALIGN="BOTTOM" HSPACE="0" VSPACE="0"><FONT SIZE="3" COLOR="#003399" FACE="Arial" >    </FONT></div> <bR> <div> <B>SMA Foundation, Inc.  </B></div> <bR> <div> The primary purpose of the SMA Foundation, Inc., as stated in its Articles of Incorporation, are exclusively educational, scientific and charitable. In furtherence of these purposes, the objective of the Corporation shall be to solicit and receive contributions to establish and fund academic scholarships for students involved in military programs sponsored by academically accredited schools, academies, institutes, colleges, and universities to perpetuate the SMA name. Contributions and donations may also be used for expenses related to Permitted Projects (e.g., SMA Memorial Wall, SMA-VWIL Museum). </div> <bR> <DIV ALIGN="LEFT"></DIV> <div> <IMG SRC="07947060.gif" border=0 width="583" height="6" ALIGN="BOTTOM" HSPACE="0" VSPACE="0"></div> <bR> <div> <B>SMA Alumni Association, Inc.  </B></div> <bR> <div> The primary purpose of the SMA Alumni Association, is as stated in paragraph (b) of the Articles of Incorporation.  Membership dues are used to support operating expenses of the SMA Alumni Association office, publish the SMA Alumni Newsletter (Kablegram), and help support the SMA Alumni Annual Reunion. </div> <bR> <bR> <DIV ALIGN="LEFT"></DIV> <div> <IMG SRC="09114160.gif" border=0 width="20" height="22" ALIGN="BOTTOM" HSPACE="0" VSPACE="0"></div> <bR> <bR> <bR> </td> </tr></table></body>