CLWSD - BALANCE SHEET - As of Dec 31, 2007										02/09/2008
ASSETS
	Current Assets
		Checking/Savings
			100-Orr Bank
				Administrative Fund		52,955.16
				Debt Service Fund
					Operation Transfer Fund	16,000.00
					Special Assessment Revenue Fund	81,261.29
				Total Debt Service Fund		97,261.29
				GC Capital Reserve Fund
					Hookup Fee Fund	14,300.00
					Operating Reserve Fund	11,950.00
				Total GC Capital Reserve Fund		26,250.00
				GC Sewer Operating Fund
					Base Volume Charge Fund	10,932.47
					Service Connection Fund	13,700.00
				Total GC Sewer Operating Fund		24,632.47
				ISTS Fund		2,772.00
			Total 100-Orr Bank			203,870.92
		Total Checking/Savings				203,870.92
		Other Current Assets
			115-AR/RVS Summary			6,430.87
		Total Other Current Assets				6,430.87
	Total Current Assets					210,301.79
	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						3,553,536.76
LIABILITIES & EQUITY
	Liabilities
		Current Liabilities
			Accounts Payable
				201-Accounts Payable		57,682.58
			Total Accounts Payable			57,682.58
			Other Current Liabilities
				Payroll Liabilities		2,533.12
			Total Other Current Liabilities			2,533.12
		Total Current Liabilities				60,215.70
		Long Term Liabilities
			222-Rural Development Loan			1,327,250.00
		Total Long Term Liabilities				1,327,250.00
	Total Liabilities					1,387,465.70
	Equity
		255-Contributed Capital				169,294.00
		256-Retained Earnings				2,030,898.21
		Net Income				-34,121.15
	Total Equity					2,166,071.06
TOTAL LIABILITIES & EQUITY						3,553,536.76