PROPOSED BY LAW CHANGES

                                                                                          ( Continued from previous page )

ARTICLE III MEMBERSHIP SECTION 6

                Currently reads:

                A member in good standing shall be entitled to receive the “FSHPA Inc. Newsletter”

                Proposed Change: Remove section 6 in its entirety.

Reason: Due to the increase cost of mailing and printing the newsletter the Association may have to charge for the publication (or opt out) to members that do not subscribe to the newsletter off the website.

Submitted by: Bob Hilpertshauser

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ARTICLE V ELECTED OFFICERS SECTION 2.C.2.

                Currently reads:

                2. keep records of all monies received and disbursed, provide a written statement of same; quarterly to

                the Executive Council and annually to the membership.

                Proposed Change:

                2. keep records of all monies received and disbursed, provide a written statement of same; quarterly to

                the Executive Council and annually to the membership.         Fiscal year is defined as April 1 of previous

                year to March 31 of the current year. 

Reason: Define fiscal year of FSHPA. Should be defined in By-Laws.

Submitted by: Ron Deckard

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  US FAMILY FOUNDATION, INC. STATEMENT OF FINANCIAL POSITION FL JR SCHOLARSHIP

                             DECEMBER 31, 2010            END OF YEAR REPORT

                                             LIABILITIES AND NET ASSETS

            TOTAL CURRENT LIABILITIES                                                    $6,009.04

            $6,000.00 held for scholarships and $9.04 Management Fees

                                                  LONG-TERM LIABILITIES

            TOTAL LONG-TERM LIABILITIES                                                ____0.00

            TOTAL LIABILITIES                                                                    _6,009.04

NET ASSETS

            Unrestricted                                                                                           _9,314.42

            Increase (Decrease) in net assets                                                           _1,539.22

            TOTAL NET ASSETS                                                                 10,853.64

            TOTAL LIABILTIES AND NET ASSETS                                       $16,862.68