2010 ACICS Annual Meeting Empowering Workforce Education Las Vegas, Nevada June 8-9, 2010

Mr. John Kushner Treasurer, ACICS Board of Directors Chairman’s Report Mr. John Kushner Treasurer, ACICS Board of Directors

Three Year Comparison Audited Financials Audited FYE 6/30/2008 Audited FYE 6/30/2009 Unaudited for the 10 Months Ending 4/30/2010 Current Assets $1,997,082 $1,553,003 $2,044,309 Other Assets $11,498,010 $10,824,097 $12,352,495 Total Assets $13,495,092 $12,377,100 $14,396,804 Current Liabilities $1,344,575 $1,593,371 $1,300,920 Long Term Liabilities $731,461 $438,234 $322,054 Total Liabilities $2,076,036 $2,031,605 $1,622,974 Net Assets $11,419,056 $10,345,495 $12,773,830 Total Liabilities and Net Assets Revenue $7,502,935 $8,548,544 8,167,850 Expense $7,623,359 $8,292,615 6,996,969   Change in Net Assets Before Investment Income (Loss) ($120,424) $255,929 $1,170,881 Net Investment Income (Loss) ($184,942) ($1,331,988) 1,257,453 Change in Net Assets ($305,366) ($1,076,059) $2,428,334 3 3

Percentage Increase (Decrease) Comparing April 30, 2010 to June 30, 2008 and June 30, 2009 2008 2009 Total Assets 7% 16% Net Assets (Before Investment Income) 12% 23% Total Liabilities and Net Assets Revenue 9% -4% Expense -8% -16% 4

ACICS Three Year Financial Comparison 5 5