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<br />BUDGET CONSTRUCTION CO., INe. AND BUDGET HOLDINGS, LLC
<br />SCHEDULE OF COMBINED RECONCILIATION OF GROSS PROFIT
<br />Years Ended December 31, 2007 and 2006
<br /> Cost of
<br /> Revenues Revenues Gross
<br />Job to Date Reconciliation Earned Earned Profit
<br />Contracts completed at
<br />December 31, 2007 $ 25,340,308 $ 18,337,251 $ 7,003,057
<br />Uncompleted contracts at
<br />December 31, 2007 15,844,441 11,856,549 3,987,892
<br />Sub-total 41,184,749 30,193,800 10,990,949
<br />Less: Revenues earned on uncompleted
<br />contracts before January 1,2007 (20,405,948) (14,969,209) (5,436,739)
<br />Statement of Income at
<br />December 31, 2007 $ 20,778,801 $ 15,224,591 $ 5,554,210
<br />
<br /> Cost of
<br /> Revenues Revenues Gross
<br />Job to Date Reconciliation Earned Earned Profit
<br />Contracts completed at
<br />December 31, 2006 $ 9,388,513 $ 6,902,116 $ 2,486,397
<br />Uncompleted contracts at
<br />December 31, 2006 20,405,948 14,969,209 5,436,739
<br />Sub-total 29,794,461 21,871,325 7,923,136
<br />Less: Revenues earned on uncompleted
<br />contracts before January 1, 2006 (8,162,278) (5,674,152) (2,488,126)
<br />Statement of Income at
<br />December 31,2006 $ 21,632,183 $ 16,197,173 $ 5,435,010
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<br />The accompanying notes are an integral part
<br />of the combined financial statements.
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<br />Benitez & Company, CPA's
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