| CLWSD | |||||||||||||
| FINAL Balance Sheet as of September 30, 2007 | 12/5/2007 | ||||||||||||
| ASSETS | |||||||||||||
| Current Assets | |||||||||||||
| Checking/Savings | |||||||||||||
| 100-Orr Bank | |||||||||||||
| Administrative Fund | 41,659.62 | ||||||||||||
| Debt Service Fund | |||||||||||||
| Operation Transfer Fund | 12,000.00 | ||||||||||||
| Special Assessment Revenue Fund | 63,415.25 | ||||||||||||
| Total Debt Service Fund | 75,415.25 | ||||||||||||
| 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 | 38,028.57 | ||||||||||||
| Service Connection Fund | 13,350.00 | ||||||||||||
| Total GC Sewer Operating Fund | 51,378.57 | ||||||||||||
| Total 100-Orr Bank | 187,203.44 | ||||||||||||
| 102-Border State Bank | 7,884.38 | ||||||||||||
| Total Checking/Savings | 195,087.82 | ||||||||||||
| Other Current Assets | |||||||||||||
| 115-AR/RVS Summary | 5,500.82 | ||||||||||||
| Total Other Current Assets | 5,500.82 | ||||||||||||
| Total Current Assets | 200,588.64 | ||||||||||||
| 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 | 3,543,823.61 | ||||||||||||
| LIABILITIES & EQUITY | |||||||||||||
| Liabilities | |||||||||||||
| Current Liabilities | |||||||||||||
| Accounts Payable | |||||||||||||
| 201-Accounts Payable | 108,121.13 | ||||||||||||
| Total Accounts Payable | 108,121.13 | ||||||||||||
| Other Current Liabilities | |||||||||||||
| Payroll Liabilities | 745.60 | ||||||||||||
| Total Other Current Liabilities | 745.60 | ||||||||||||
| Total Current Liabilities | 108,866.73 | ||||||||||||
| Long Term Liabilities | |||||||||||||
| 222-Rural Development Loan | 1,327,250.00 | ||||||||||||
| Total Long Term Liabilities | 1,327,250.00 | ||||||||||||
| Total Liabilities | 1,436,116.73 | ||||||||||||
| Equity | |||||||||||||
| 255-Contributed Capital | 169,294.00 | ||||||||||||
| 256-Retained Earnings | 2,030,898.21 | ||||||||||||
| Net Income | -92,485.33 | ||||||||||||
| Total Equity | 2,107,706.88 | ||||||||||||
| TOTAL LIABILITIES & EQUITY | 3,543,823.61 | ||||||||||||