Liberian

Give us this day our daily bread. (Matthew 6:11)

F I N A N C I A L R E S U L T S

Pending accurate Liberian results of operations we offer the following estimated revenues and expenses based upon a study of the various ministry and business enterprises while in country during March 2004. Included in the estimated and actual figures below are the full staffing costs of the school, clinic lumber operation and administrative personnel. Shadrach and his family do not take a formal salary so their living expenses are also considered within these estimates.

Budgeted Annual Operational Results (U.S. dollars):

Ministry/Enterprise	Revenue	Expenses	Results
Medical Clinic	$ 2,133	$ 8,920	$ 6,787-
Village School	$ -	$ 22,238	$ 22,238-
Transport Truck	$ 22,222	$ 12,518	$ 9,704+
Transport Jeep	$ 13,333	$ 7,560	$ 5,773+
Lumber Operation	$ -	$ 8,779	$ 8,779+
Water/Ice Operation	$ 43,236	$ 17,460	$ 25,776+
Taxis (2)*	$ 20,000	$ 15,000	$ 5,000+
Vans (2)*	$ 20,000	$ 15,000	$ 5,000+
Liberian Administration	$ -	$ 17,472	$ 17,472-

Totals $120,924 $124,947 $ 4,023-

Monthly Average $ 10,077 $ 10,412 $ 335-

Actual Operational Results:

October 2004 - rainy season	$ 4,680	$ 4,460	$ 220+
November 2004 – dry season	$ 7,920	$ 7,500	$ 420+
December 2004 – dry season	$ 5,640	$ 6,080	$ 440-
January 2005	$ 5,640	$ 6,728	$ 1,088-
February 2005	$ 4,116	$ 4,116	$ 0
March 2005	$ 4,147	$ 4,147	$ 0

* Taxis entered service June 2004 and estimated revenues and expenses are not based upon specific detailed information. Vans will not arrive in Liberia until March 2005 and are included as future information only.