BRENHAM CHILDREN'S CHORUS
	STATEMENT OF CURRENT CONDITION
	As of July 31, 2007
ASSETS
	Cash and Bank Accounts
	Brenham National Bank-General Account	964.52
	Guaranty Bank-Investments	27,206.20
	Guaranty-Debit	4,591.18
	Guaranty Bank - CD 4-20-07	15,000.00
	Total Checking/Savings	47,761.90
	Total Current Assets		47,761.90
	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		67,708.95
	Liabilities and Equity
LIABILITIES
	Current Liabilities
	Accounts Payable
	200000-*Accounts Payable	4,198.80
	Total Accounts Payable	0.00
	Other Current Liabilities
	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	42,620.54
	Total Liabilities		42,620.54
EQUITY
	Net Worth	14,732.97
	4000-Opening Balance Equity	-12,476.34
	4200-Retained Earnings	24,225.99
	Net Income	-5,593.01
	Total Net Worth		20,889.61
	TOTAL LIABILITIES & EQUITY		63,510.15