KANSAS STATE SPORTING CLAYS ASSOC.

FINANCIAL REPORT

AS OF DECEMBER 31, 2005

STARTING BALANCE JANUARY 1, 2005                                                                $19,706.28

DEPOSITS:

           JANUARY 1, 2005 TO DECEMBER 31, 2005

TARGET FEES                                                                                                            $15,087.50

INTEREST PAID

            JANUARY 1, 2005 TO DECEMBER 31, 2005                                                   $   173.12

                                                                                TOTAL INCOME                         $34,966.90

PAYABLES:

KS SEC OF STATE FEE                                                                                              $     40.00

SPORTSMAN LIABILITY INSURANCE                                                                    $1,100.00

TERRA WORLD WEBSITE HOSTING 2005                                                               $  120.00

REIMBURSEMENT-COPIES & POSTAGE-DENNIS LINDEN                                   $    11.06

REIMBURSEMENT-COPIES & POSTAGE-JIM HALES                                           $   485.19

2005-5STAND,FITASC STATE SHOOT-CLAYTHORNE                                            $4,990.30

2005-SPORTING CLAYS STATE SHOOT-FLINT OAK                                             $9,267.70

TOTAL PAYABLES                                                                                                   ($16,014.25)

BALANCE AS OF DECEMBER 31, 2005                                                                   $18,952.65