CLWSD
Balance Sheet						09/05/2007
As of July 31, 2007
						Jul 31, 07
ASSETS
	Current Assets
		Checking/Savings
			100-Orr Bank
				Administrative Fund		51,520.74
				Debt Service Fund
					Operation Transfer Fund	8,000.00
					Special Assessment Revenue Fund	51,762.40
				Total Debt Service Fund		59,762.40
				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	39,518.04
					Service Connection Fund	13,350.00
				Total GC Sewer Operating Fund		52,868.04
			Total 100-Orr Bank			182,901.18
			102-Border State Bank			8,022.38
		Total Checking/Savings				190,923.56
		Other Current Assets
			115-AR/RVS Summary			3,978.12
		Total Other Current Assets				3,978.12
	Total Current Assets					194,901.68
	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				3,317,697.51
	Total Fixed Assets					3,343,096.97
TOTAL ASSETS						3,537,998.65
LIABILITIES & EQUITY
	Liabilities
		Current Liabilities
			Accounts Payable
				201-Accounts Payable		96,681.61
			Total Accounts Payable			96,681.61
		Total Current Liabilities				96,681.61
		Long Term Liabilities
			222-Rural Development Loan			1,327,250.00
		Total Long Term Liabilities				1,327,250.00
	Total Liabilities					1,423,931.61
	Equity
		255-Contributed Capitol				169,294.00
		256-Retained Earnings				2,030,898.21
		Net Income				-86,125.17
	Total Equity					2,114,067.04
TOTAL LIABILITIES & EQUITY						3,537,998.65