BRENHAM CHILDREN'S CHORUS
                      STATEMENT OF CURRENT CONDITION
                          AS OF JULY 31, 2005
ASSETS
Cash and Bank Accounts
Brenham National Bank-General Account $20,856.18
Guaranty Bank-Investments 41,004.47
Guaranty -Debit Operating 2,607.11
Less Reserves for 2005-2006 Scholarships (20) 5,900.00
TOTAL Cash and Bank Accounts  ŻŻŻŻŻŻŻŻŻŻ   $ 70,367.76
Other Assets
Ads/Coupons Receivable 52.00
Music Library 4,513.06
Wardrobe-Choristers 1,179.39
TOTAL Other Assets ŻŻŻŻŻŻŻŻŻŻŻ 5,744.45
TOTAL ASSETS  $ 76,112.21
LIABILITIES
Provision for Concert Exp 2005-06 $15,000.00
Provision for Music Library Additions 4,000.00
Provision for Parent Contrib. Travel Fund 05 2,590.00
Provision for unbilled expenses 1,000.00
Provision for Wardrobe Exp 2005-2006 13,000.00
Venue Payables 660.00
American Express 28.95
TOTAL LIABILITIES  ŻŻŻŻŻŻŻŻŻŻŻ  $36,278.95
ŻŻŻŻŻŻŻŻŻŻŻ
EXCESS OF ASSETS OVER LIABILITIES  $ 39,833.26