SANTA CLARA COUNTY CITIES ASSOCIATION
Balance Sheet
As of October 31, 2008

                                                         Oct 31, 08

     ASSETS
        Current Assets
           Checking/Savings
             Checking - Union Bank                              13,224.07
           Total Checking/Savings                               13,224.07

           Other Current Assets
             Accrued Interest                                      195.56
             LAIF Funds                                        108,328.83
             Prepaid Rent                                          450.00
           Total Other Current Assets                          108,974.39

        Total Current Assets                                   122,198.46

        Fixed Assets
           Accumulated Depreciation                            -14,046.13
           Machinery and Equipment                              14,046.13
        Total Fixed Assets                                           0.00

     TOTAL ASSETS                                              122,198.46

     LIABILITIES & EQUITY
        Equity
           Fund Balance
             Reserve for Equip. Replacement                 3,455.90
             Reserve for New Equip.                         5,000.00
             Reserve for Operations                        41,000.00
             Reserve for Program/Opport.                    8,520.90
           Total Fund Balance                                   57,976.80

           Opening Bal Equity                                        3.00
           Retained Earnings                                    10,222.84
           Net Income                                           53,995.82
        Total Equity                                           122,198.46

     TOTAL LIABILITIES & EQUITY                                122,198.46



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