| CLWSD – Balance Sheet as of March 31, 2007 |
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5/1/2007 |
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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 |
34,226.95 |
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Debt Service Fund |
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Operation Transfer Fund |
4,000.00 |
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Special Assessment Revenue Fund |
45,303.71 |
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Total Debt Service Fund |
49,303.71 |
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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 |
43,858.32 |
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Service Connection Fund |
13,000.00 |
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Total GC Sewer Operating Fund |
56,858.32 |
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Total 100-Orr Bank |
159,138.98 |
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102-Border State Bank |
12,209.38 |
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Total Checking/Savings |
171,348.36 |
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Accounts Receivable |
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111-Accounts Receivable |
442.50 |
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Total Accounts Receivable |
442.50 |
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Other Current Assets |
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115-AR/RVS Summary |
3,485.37 |
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Total Other Current Assets |
3,485.37 |
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Total Current Assets |
175,276.23 |
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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 |
-2,582.00 |
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155-Equipment |
8,265.00 |
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160-Construction In Progress |
3,313,510.51 |
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Total Fixed Assets |
3,340,083.11 |
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| TOTAL ASSETS |
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3,515,359.34 |
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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 |
10,753.01 |
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Total Accounts Payable |
10,753.01 |
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Other Current Liabilities |
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211-Accrued Interest |
68,539.12 |
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Total Other Current Liabilities |
68,539.12 |
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Total Current Liabilities |
79,292.13 |
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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 |
1,406,542.13 |
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Equity |
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255-Contributed Capitol |
169,294.00 |
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256-Retained Earnings |
1,963,532.23 |
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Net Income |
-24,009.02 |
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Total Equity |
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2,108,817.21 |
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| TOTAL LIABILITIES & EQUITY |
3,515,359.34 |
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