BRENHAM CHILDREN'S CHORUS
	STATEMENT OF CURRENT CONDITION	STATEMENT OF CURRENT CONDITION
		December 31, 2007
ASSETS
	Current Assets
		Checking/Savings
			Brenham National Bank-General A		4,090.21
			Guaranty-Bank-Investments		27,462.95
			Guaranty-Debit		638.90
			Guaranty Bank-CD 4/20/07		15,345.16
		Total Checking/Savings			47,537.22
		Accounts Receivable
			Tuition Receivables		988.25
		Total Accounts Receivable			988.25
	Total Current Assets				48,525.47
	Other Assets
		Audio-Lighting Equipment			5,165.35
		Music Library			13,602.31
		Wardrobe-Choristers			1,179.39
	Total Other Assets				19,947.05
TOTAL ASSETS					68,472.52
LIABILITIES & EQUITY
	Liabilities
		Current Liabilities
			Accounts Payable
				*Accounts Payable	841.21
			Total Accounts Payable		841.21
			Other Current Liabilities
				Provision for Concert Exp & Tra	22,000.00
				Provision for Music Library Add	3,830.00
				Provision for Ornament Sales Sp	4,447.61
				Provision for unbilled expenses	1,000.00
				Provision for Wardrobe Exp next	10,000.00
				Venue Payables-Future Concerts	660.00
				Visa Card	682.93
			Total Other Current Liabilities		42,620.54
		Total Current Liabilities			43,461.75
	Total Liabilities				43,461.75
	Equity
		Net Worth			14,732.97
		4000 · Opening Bal Equity			-12,476.34
		4200 · Retained Earnings			24,710.99
		Net Income			-1,956.85
	Total Equity				25,010.77
TOTAL LIABILITIES & EQUITY					68,472.52