CLWSD - Balance Sheet As of 8/ 31/2007										10/2/2007
ASSETS
	Current Assets
		Checking/Savings
			100-Orr Bank
				Administrative Fund		45,156.84
				Debt Service Fund
					Operation Transfer Fund	8,000.00
					Special Assessment Revenue Fund	63,415.25
				Total Debt Service Fund		71,415.25
				GC Capital Reserve Fund
					Hookup Fee Fund	14,300.00
					Operating Reserve Fund	4,450.00
				Total GC Capital Reserve Fund		18,750.00
				GC Sewer Operating Fund
					Base Volume Charge Fund	39,702.20
					Service Connection Fund	13,350.00
				Total GC Sewer Operating Fund		53,052.20
			Total 100-Orr Bank			188,374.29
			102-Border State Bank			7,884.38
		Total Checking/Savings				196,258.67
		Other Current Assets
			115-AR/RVS Summary			5,800.38
		Total Other Current Assets				5,800.38
	Total Current Assets					202,059.05
	Fixed Assets
		140-Land				15,024.00
		150-Office Equipment				5,865.60
		151-Accumulated Depr. Off.Equip				-2,968.00
		155-Equipment				8,265.00
		156-Accum. Depreciate Equip				-787.14
		160-Construction In Progress				3,317,835.51
	Total Fixed Assets					3,343,234.97
TOTAL ASSETS						3,545,294.02
LIABILITIES & EQUITY
	Liabilities
		Current Liabilities
			Accounts Payable
				201-Accounts Payable		89,247.69
			Total Accounts Payable			89,247.69
		Total Current Liabilities				89,247.69
		Long Term Liabilities
			222-Rural Development Loan			1,327,250.00
		Total Long Term Liabilities				1,327,250.00
	Total Liabilities					1,416,497.69
	Equity
		255-Contributed Capital				169,294.00
		256-Retained Earnings				2,030,898.21
		Net Income				-71,395.88
	Total Equity					2,128,796.33
TOTAL LIABILITIES & EQUITY						3,545,294.02