Sep 30, 07
ASSETS
	Current Assets
		Checking/Savings
			Brenham National Bank-General A		7,628.36
			Guaranty-Bank-Investments		27,312.50
			Guaranty-Debit		2,644.55
			Guaranty Bank-CD 4/20/07		15,345.16
		Total Checking/Savings			52,930.57
		Accounts Receivable
			Tuition Receivables		211.60
		Total Accounts Receivable			211.60
	Total Current Assets				53,142.17
	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					73,089.22
LIABILITIES & EQUITY
	Liabilities
		Current Liabilities
			Accounts Payable
				20000 · *Accounts Payable	1,075.22
			Total Accounts Payable		1,075.22
			Other Current Liabilities
				Provision for Concert Exp & Tra	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 Current Liabilities			43,695.76
	Total Liabilities				43,695.76
	Equity
		Net Worth			14,732.97
		4000 · Opening Bal Equity			-12,476.34
		4200 · Retained Earnings			24,665.99
		Net Income			2,470.84
	Total Equity				29,393.46
TOTAL LIABILITIES & EQUITY					73,089.22