ACRE EXECUTIVE BOARD FINANCES 2006

Cash on hand      $ 26,671

Accounts Payable      26,128

  Balance      $ 543 Total Cash

Accounts Receivable      $ 12,482

Total Receipts      $ 364,592

Total Disbursements      354,811

    $ 9,781

Office Rent     $108,495

Equipment Lease     $ 18,789

Nextel     $ 14,087

Telephone     $ 9,874

Office Supplies     $ 9,460

Accountant     $ 9,766

Executive Board Salaries     $110,617

Taxes     $ 24,322

Note: All entries taken from ACRE Labor Management Reports (LM2's) filed with U.S. Department of Labor effective date, year ending 12/31/06