CLWSD
Balance Sheet						03/03/2007
As of December 31, 2006
						Dec 31, 06
ASSETS
	Current Assets
		Checking/Savings
			100-Orr Bank
				Aministrative Fund		43,396.03
				Debt Service Fund
					Special Assessment Revenue Fund	41,262.07
				Total Debt Service Fund		41,262.07
				GC Capital Reserve Fund		14,300.00
				GC Sewer Operating Fund
					Base Volume Charge Fund	47,114.70
					Service Connection Fund	13,000.00
				Total GC Sewer Operating Fund		60,114.70
				Insurance Claim Fund		2,641.80
			Total 100-Orr Bank			161,714.60
			102-Border State Bank			100,456.88
		Total Checking/Savings				262,171.48
		Accounts Receivable
			111-Accounts Receivable			446.25
		Total Accounts Receivable				446.25
		Other Current Assets
			115-AR/RVS Summary			4,174.78
		Total Other Current Assets				4,174.78
	Total Current Assets					266,792.51
	Fixed Assets
		140-Land				15,024.00
		150-Office Equipment				5,865.60
		151-Accumulated Depr. Off.Equip				-2,582.00
		155-Equipment				8,265.00
		160-Construction In Progress				3,312,600.51
	Total Fixed Assets					3,339,173.11
TOTAL ASSETS						3,605,965.62
LIABILITIES & EQUITY
	Liabilities
		Current Liabilities
			Accounts Payable
				201-Accounts Payable		14,600.27
			Total Accounts Payable			14,600.27
			Other Current Liabilities
				211-Accrued Interest		68,539.12
			Total Other Current Liabilities			68,539.12
		Total Current Liabilities				83,139.39
		Long Term Liabilities
			222-Rural Development Loan			1,390,000.00
		Total Long Term Liabilities				1,390,000.00
	Total Liabilities					1,473,139.39
	Equity
		255-Contributed Capitol				169,294.00
		256-Retained Earnings				1,848,818.61
		Net Income				114,713.62
	Total Equity					2,132,826.23
TOTAL LIABILITIES & EQUITY						3,605,965.62