1. 2010 ACICS Annual Meeting Empowering Workforce Education
Las Vegas, Nevada
June 8-9, 2010

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

3. 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

4. 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

5. ACICS Three Year Financial Comparison5 5