Financial Statements

LUMBER CITY DEVELOPMENT CORPORATION

TREASURER'S REPORT

DECEMBER, 2011

OPERATING ACCOUNT:

                        Beginning Balance 11/30/11                                  $17,055.68

                        Deposits                                                              $25,874.48

                        Disbursements                                                     $23,016.49

                        Total Balance 12/31/11                                        $19,913.67

REPAYMENT ACCOUNT:

                        Beginning Balance 11/30/11                                  $85,332.94

                        Deposits                                                              $  4,873.43

                        Disbursements                                                               0

                        Total Balance 12/31/11                                        $90,206.37

UNRESTRICTED ACCOUNT:

                        Beginning Balance 11/30/11                                  $35,861.29

                        Deposits                                                              $19,189.43

                        Disbursements                                                               0

                        Total Balance 12/31/11                                        $55,050.72

SAVINGS MONEY MARKET ACCOUNT:

                        Beginning Balance 11/30/11                                $464,762.84

                        Interest                                                             $        74.85

                        Disbursements                                                   $  25,000.00

                        Total Balance 12/31/11                                      $605,008.45