Dated: January 31, 2004

As auditor of the 2003 books, I can report that all accounts and transactions are in good order. The Treasurer should be commended for his accuracy in records and ability to maintain full traceability.

In total, six findings were reported all of which were satisfactorily resolved. In addition six observations were made to the 2003 and 2004 OVLR executive.

The auditor confirms a net positive cash flow for the club of $3355.50 and a final asset balance of $10160.44. There are no apparent liabilities.

Details of the audit are available from the executive or the auditor upon request.

Signed,

Christian Szpilfogel

Auditor 2003 for OVLR