| CLWSD – Balance Sheet As of 8/ 31/2007 |
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10/2/2007 |
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| ASSETS |
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Current Assets |
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Checking/Savings |
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100-Orr Bank |
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Administrative Fund |
45,156.84 |
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Debt Service Fund |
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Operation Transfer Fund |
8,000.00 |
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Special Assessment Revenue Fund |
63,415.25 |
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Total Debt Service Fund |
71,415.25 |
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GC Capital Reserve Fund |
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Hookup Fee Fund |
14,300.00 |
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Operating Reserve Fund |
4,450.00 |
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Total GC Capital Reserve Fund |
18,750.00 |
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GC Sewer Operating Fund |
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Base Volume Charge Fund |
39,702.20 |
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Service Connection Fund |
13,350.00 |
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Total GC Sewer Operating Fund |
53,052.20 |
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Total 100-Orr Bank |
188,374.29 |
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102-Border State Bank |
7,884.38 |
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Total Checking/Savings |
196,258.67 |
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Other Current Assets |
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115-AR/RVS Summary |
5,800.38 |
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Total Other Current Assets |
5,800.38 |
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Total Current Assets |
202,059.05 |
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Fixed Assets |
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140-Land |
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15,024.00 |
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150-Office Equipment |
5,865.60 |
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151-Accumulated Depr. Off.Equip |
-2,968.00 |
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155-Equipment |
8,265.00 |
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156-Accum. Depreciate Equip |
-787.14 |
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160-Construction In Progress |
3,317,835.51 |
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Total Fixed Assets |
3,343,234.97 |
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| TOTAL ASSETS |
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3,545,294.02 |
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| LIABILITIES & EQUITY |
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Liabilities |
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Current Liabilities |
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Accounts Payable |
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201-Accounts Payable |
89,247.69 |
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Total Accounts Payable |
89,247.69 |
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Total Current Liabilities |
89,247.69 |
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Long Term Liabilities |
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222-Rural Development Loan |
1,327,250.00 |
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Total Long Term Liabilities |
1,327,250.00 |
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Total Liabilities |
1,416,497.69 |
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Equity |
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255-Contributed Capital |
169,294.00 |
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256-Retained Earnings |
2,030,898.21 |
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Net Income |
-71,395.88 |
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Total Equity |
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2,128,796.33 |
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| TOTAL LIABILITIES & EQUITY |
3,545,294.02 |
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