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<br />BUDGET CONSTRUCTION CO., INC. AND BUDGET HOLDINGS, LLC
<br />SCHEDULE OF COMBINED RECONCILIATION OF GROSS PROFIT
<br />Years Ended December 31, 2008 and 2007
<br /> Contract Cost of Gross Profit
<br /> Revenues Revenues Before
<br />Job to Date Reconciliation Earned Earned Indirect Costs
<br />Contracts completed at
<br />December 31, 2008 $ 16,386,108 $ 13,374,420 $ 3,011,688
<br />Uncompleted contracts at
<br />December 31, 2008 20,649,242 15,946,864 4,702,378
<br />Sub-total 37,035,350 29,321,284 7,714,066
<br />Less: Revenues earned on uncompleted
<br />contracts before January 1, 2008 (15,844,441 ) (11,856,549) (3,987,892)
<br />Statement of Income at
<br />December 31, 2008 $ 21,190,909 $ 17,464,735 $ 3,726,174
<br />
<br /> Cost of Gross Profit
<br /> Revenues Revenues Before
<br />Job to Date Reconciliation Earned Earned Indirect Costs
<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 $ 20,778,80 I $ 15,224,591 $ 5,554,210
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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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