BRENHAM CHILDREN'S CHORUS
	STATEMENT OF CURRENT CONDITION
	YEAR END June 1, 2006 through May 31, 2007
	May 31, 2007
ASSETS
	Cash and Bank Accounts
	Brenham National Bank-General Account	7,429.76
	Cash on Hand	587.22
	Guaranty Bank-Investments	28,932.28
	Guaranty-Debit	6,715.87
	Guaranty Bank - CD 4-20-07	15,000.00
	Total Checking/Savings	58,665.13
	Total Current Assets	58,665.13
	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		$78,612.18
	LIABILITIES & EQUITY
LIABILITIES
	Current Liabilities
	Accounts Payable
	200000-*Accounts Payable	1,461.83
	Total Accounts Payable	1,461.83
	Other Current Liabilities
	Parent Deposit for 2007 Trip	8,047.19
	Provision for Concert Exp & Travel	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	50,667.73
Notes:	Total Liabilities		52,129.56
	EQUITY
	Net Worth	14,732.97
	4000-Opening Balance Equity	-12,476.34
	4200-Retained Earnings	35,364.73
	Net Income	-11,138.74
			26,482.62
	TOTAL LIABILITIES & EQUITY		78,612.18