| CLWSD – BALANCE SHEET – As of Dec 31, 2007 |
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|
02/09/2008 |
| ASSETS |
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Current Assets |
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Checking/Savings |
|
|
|
100-Orr Bank |
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|
|
Administrative Fund |
52,955.16 |
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|
Debt Service Fund |
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|
|
Operation Transfer Fund |
16,000.00 |
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|
Special Assessment Revenue Fund |
81,261.29 |
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Total Debt Service Fund |
97,261.29 |
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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 |
11,950.00 |
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Total GC Capital Reserve Fund |
26,250.00 |
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|
GC Sewer Operating Fund |
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|
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Base Volume Charge Fund |
10,932.47 |
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Service Connection Fund |
13,700.00 |
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Total GC Sewer Operating Fund |
24,632.47 |
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|
ISTS Fund |
2,772.00 |
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|
Total 100-Orr Bank |
203,870.92 |
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|
Total Checking/Savings |
203,870.92 |
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|
Other Current Assets |
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|
|
115-AR/RVS Summary |
6,430.87 |
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Total Other Current Assets |
6,430.87 |
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|
Total Current Assets |
210,301.79 |
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Fixed Assets |
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|
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140-Land |
|
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 |
|
3,553,536.76 |
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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 |
57,682.58 |
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Total Accounts Payable |
57,682.58 |
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|
Other Current Liabilities |
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|
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Payroll Liabilities |
2,533.12 |
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Total Other Current Liabilities |
2,533.12 |
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|
Total Current Liabilities |
60,215.70 |
|
|
Long Term Liabilities |
|
|
|
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 |
1,387,465.70 |
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Equity |
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|
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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 |
-34,121.15 |
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|
Total Equity |
|
2,166,071.06 |
|
| TOTAL LIABILITIES & EQUITY |
3,553,536.76 |
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