CLWSD
Balance Sheet						04/03/2007
As of February 28, 2007
						Feb 28, 07
ASSETS
	Current Assets
		Checking/Savings
			100-Orr Bank
				Aministrative Fund		40,022.55
				Debt Service Fund
					Special Assessment Revenue Fund	45,303.71
				Total Debt Service Fund		45,303.71
				GC Capital Reserve Fund
					Hookup Fee Fund	14,300.00
				Total GC Capital Reserve Fund		14,300.00
				GC Sewer Operating Fund
					Base Volume Charge Fund	51,389.98
					Service Connection Fund	13,000.00
				Total GC Sewer Operating Fund		64,389.98
				Insurance Claim Fund		2,641.80
			Total 100-Orr Bank			166,658.04
			102-Border State Bank			12,209.38
		Total Checking/Savings				178,867.42
		Accounts Receivable
			111-Accounts Receivable			442.50
		Total Accounts Receivable				442.50
		Other Current Assets
			115-AR/RVS Summary			3,475.21
		Total Other Current Assets				3,475.21
	Total Current Assets					182,785.13
	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				3,313,510.51
	Total Fixed Assets					3,340,083.11
TOTAL ASSETS						3,522,868.24
LIABILITIES & EQUITY
	Liabilities
		Current Liabilities
			Accounts Payable
				201-Accounts Payable		21,251.44
			Total Accounts Payable			21,251.44
			Other Current Liabilities
				211-Accrued Interest		68,539.12
			Total Other Current Liabilities			68,539.12
		Total Current Liabilities				89,790.56
		Long Term Liabilities
			222-Rural Development Loan			1,327,250.00
		Total Long Term Liabilities				1,327,250.00
	Total Liabilities					1,417,040.56
	Equity
		255-Contributed Capitol				169,294.00
		256-Retained Earnings				1,962,309.72
		Net Income				-25,776.04
	Total Equity					2,105,827.68
TOTAL LIABILITIES & EQUITY						3,522,868.24