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<br />BUDGET CONSTRUCTION CO., INC. AND BUDGET HOLDINGS, LLC <br /> <br />Years Ended December 31, 2008 and 2007 <br /> <br />CONTENTS <br /> <br />Page <br /> <br />Report of Independent Auditors.................................................................. <br /> <br />Combined Financial Statements: <br /> <br />Combined Balance Sheets..................................................................... 2 <br /> <br />Combined Statements ofIncome .......................................................... 3 <br /> <br />Combined Statements of Retained Earnings ........................................ 4 <br /> <br />Combined Statements of Cash Flows ................................................... 5 <br /> <br />Notes to the Combined Financial Statements ....................................... 6 - 17 <br /> <br />Supplementary Information: <br /> <br />Report on Supplementary Information...................................... <br /> <br />18 <br /> <br />Schedule of Uncompleted Contracts... ... .. . ... . ..... .. . . .. . .. . .. ... . . . . .. <br /> <br />19 - 20 <br /> <br />Schedule of Completed Contracts .......................................... <br /> <br />21 <br /> <br />Schedule of Combined Reconciliation of Gross Profit... . .... .. ... .... . <br /> <br />22 <br /> <br />Schedule of Combined Indirect Costs Not Allocated to Contracts..... <br /> <br />,..,,., <br />L..J <br /> <br />Schedule of Combined General and Administrative Expenses...... .... <br /> <br />24 <br /> <br />Combining Balance Sheets.... ........ ... .. . . ..... . . . ... ...... ... . .. . .. ... . . <br /> <br />25 <br /> <br />Com bining Statements of Income .......................................... <br /> <br />26 <br /> <br />Combining Statements of Retained Earnings ............................. <br /> <br />27 <br /> <br />Benitez & Company, CPA's <br />