DIAMONDHEAD POA YEAR-TO-DATE PROFIT & LOSS THROUGH DECEMBER, 2007
OPERATIONS
		MEMBER-	CAPITAL	GOLF	COUNTRY	19TH							FACILITIES
	TOTAL	SHIP	IMPROVEM'TS	OPS	CLUB	HOLE	ADMIN	A & E	RECREAT'N	TENNIS	MARINA	AIRPORT	MAINT	SECURITY
REVENUES	7,929,754	3,139,372	1,275,653	1,454,673	1,181,571	245,711	351,489	175,680	11,165	50,850	22,583	21,007	0	0
COST OF SALES	743,416	0	0	179,874	463,678	82,690	0	0	0	0	0	17,174	0	0
GROSS PROFIT	7,186,338	3,139,372	1,275,653	1,274,799	717,893	163,021	351,489	175,680	11,165	50,850	22,583	3,833	0	0
TOTAL EXPENSES	7,000,299	186,395	428,015	1,720,739	1,134,116	225,294	1,183,250	98,673	147,935	104,038	12,883	11,722	1,225,167	521,592
DEPT OPERATING P/(L)	186,039	2,952,977	847,638	(445,940)	(416,223)	(62,273)	(831,761)	77,007	(136,770)	(53,188)	9,700	(7,889)	(1,225,167)	(521,592)
NON-OPERATING ITEMS
DEPRECIATION	549,787	0	0	166,762	62,217	4,137	151,051	0	19,958	8,121	9,225	15,705	97,594	15,017
KATRINA INS. RECOVERY	400,000
NET INCOME	36,252	2,952,977	847,638	(612,702)	(478,440)	(66,410)	(982,812)	77,007	(156,728)	(61,309)	475	(23,594)	(1,322,761)	(536,609)
COPIES OF MONTHLY STATEMENTS MAY BE OBTAINED IN THE OFFICE