BRENHAM CHILDREN'S CHORUS
                      STATEMENT OF CURRENT CONDITION
                          As of July 31, 2006
ASSETS
Cash and Bank Accounts
Brenham National Bank-General Account $19,011.48
Guaranty Bank-Investments 41,985.62
Guaranty-Debit 2,459.47
Less Reserves for 2004-2005 Scholarships -3,540.00
TOTAL Bank Accounts 59,916.57
Other Assets
Ads/Coupons Receivable 27.00
Audio-Lighting Equipment 3,323.07
Music Library 8,198.11
Wardrobe-Choristers 1,179.39
TOTAL Other Assets ŻŻŻŻŻŻŻŻŻŻŻ 12,727.57
TOTAL ASSETS 72,644.14
LIABILITIES
American Express  $            -  
Provision for Concert Exp 2005-06 $22,000.00
Provision for Music Library Additions 3,830.00
Provision for Ornament Sales Special Fund 05 3,331.00
Provision for unbilled expenses 1,000.00
Provision for Wardrobe Exp 2005-2006 10,000.00
Venue Payables 660.00
Chase Visa 182.93
Joyco 0.00
TOTAL LIABILITIES  ŻŻŻŻŻŻŻŻŻŻŻ  41,003.93
EXCESS OF ASSETS OVER LIABILITIES 31,640.21