ENDING BALANCE A/O 12-31-2005 - 78,983.27

2006 INCOME

DEPOSITS (MARINE MONUMENT) --- $40,422.50

TRANSFERS TO SAVINGS/ENDOWMENT FUND --- $75,000.00

NET BALANCE --- $44,405.77

Operating Expenses;

MONUMENT MAINTENANCE
PARK SEMPER FI LANDSCAPING
GENERAL SUPPLIES
OFFICE SUPPLIES & MAILINGS
EVENTS @ MONUMENT
CHAMBER & ASSOC. DUES
ADVERTISING BROCHURES
PHONE
BANK/CREDIT CARD FEES
CONTRIBUTIONS TO MARINE ASSOC.
MISCELLANEOUS

TOTAL OPERATING EXPENSES
$10,930.81

CAPITAL/CONSTRUCTION/PLAQUES
$26,530.44

TOTAL OPERATING & CONSTRUCTION  $37,461.25

.

$1686.41
$2403.11
$1851.53
$753.32
$857.17
$588.00
$530.65
$231.07
$685.45
$725.00
$459.12

ENDING BANK BALANCE A/0 12-31-2006    --  $6,944.52

Note: No Consulting or Payroll Expenses in 2006

In our fund raising efforts, we apparently underestimated the level of quality that our San Clemente residents wanted for the Marine Monument at Park Semper Fi. As a result the level of contributions has been very supportive and the message that we are receiving from community is that Park Semper Fi and the Monument is a centerpiece of the Pier Bowl area and of the highest quality.

We are now establishing an endowment fund to maintain Park Sempr Fi and the Monument. We welcome all contributions.