Jan - Jun '06		Jan - Jun '05		$ Change		% Change
	Ordinary Income/Expense
			Income
				Membership Dues	9,000.94		8,144.00		856.94		10.52%		Includes increases in dues and memberships
				Miscellaneous Income	141.53		0.00		141.53		100.0%
				National Regatta Receipts	905.00		601.70		303.30		50.41%
				Ships Store Sales	284.00		770.50		-486.50		-63.14%
			Total Income		10,331.47		9,516.20		815.27		8.57%
			Cost of Goods Sold
				Ships Store COGS	198.84		812.64		-613.80		-75.53%		$127 increase in Ships Store gross profit
			Total COGS		198.84		812.64		-613.80		-75.53%
		Gross Profit			10,132.63		8,703.56		1,429.07		16.42%
			Expense
				Bank Service Charges	4.40		65.70		-61.30		-93.3%
				Database Management	1,514.69		1,484.09		30.60		2.06%		Second quarter invoice not received yet
				Dues and Subscriptions	100.00		100.00		0.00		0.0%
				Mainsheet Distribution	4,119.74		3,368.83		750.91		22.29%		Includes increases in rates and memberships
				National Regatta	923.48		0.00		923.48		100.0%		2005 regatta expense posted in July 2005
				Office Supplies	84.53		71.47		13.06		18.27%
				PayPal Service Charges	98.44		0.00		98.44		100.0%
				Postage and Delivery	81.08		55.04		26.04		47.31%
				Telephone	45.45		106.94		-61.49		-57.5%
				Uncategorized Expenses	2,056.87		0.00		2,056.87		100.0%		Cost of website overhaul and new store set-up
				Web Hosting	503.24		137.94		365.30		264.83%		2006 prepaid in full, whereas 2005 paid monthly
			Total Expense		9,531.92		5,390.01		4,141.91		76.84%
	Net Ordinary Income				600.71		3,313.55		-2,712.84		-81.87%
	Other Income/Expense
		Other Income
			Interest Income		2.40		4.69		-2.29		-48.83%
		Total Other Income			2.40		4.69		-2.29		-48.83%
		Other Expense
			Other Expenses		0.16		218.29		-218.13		-99.93%
		Total Other Expense			0.16		218.29		-218.13		-99.93%
	Net Other Income				2.24		-213.60		215.84		-101.05%
Net Income					602.95		3,099.95		-2,497.00		-80.55%