BRENHAM CHILDREN'S CHORUS
	STATEMENT OF CURRENT CONDITION
	As of July 31, 2007
ASSETS
	Cash and Bank Accounts
	Brenham National Bank-General Account	-716.08
	Guaranty Bank-Investments	27,255.88
	Guaranty-Debit	2,786.89
	Guaranty Bank - CD 4-20-07	15,000.00
	Total Checking/Savings	44,326.69
	Accounts Receivable-Tuition	219.00
	Total Current Assets		44,545.69
	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			$64,492.74
	Liabilities and Equity
LIABILITIES
	Current Liabilities
	Accounts Payable
	200000-*Accounts Payable	1,879.18
	Total Accounts Payable	1879.18
	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			44,499.72
EQUITY
	Net Worth		14,732.97
	4000-Opening Balance Equity		-12,476.34
	4200-Retained Earnings		24,665.99
	Net Income		-6,929.60
	Total Net Worth			19,993.02
	TOTAL LIABILITIES & EQUITY			$64,492.74