Assets and Liabilities

          Aug 31, 07
ASSETS        
  Current Assets    
    Checking/Savings  
      1010 · Petty Cash 255.12
      1020 · Mountain West Bank 20,876.64
      1030 · Investment Pool 524,841.02
      1040 · Investment Pool- Senocqueteen 15,656.87
    Total Checking/Savings 561,629.65
    Accounts Receivable  
      1200 · Accounts receivable 19,339.89
    Total Accounts Receivable 19,339.89
    Other Current Assets  
      1300 · Property Taxes Receivable 29,231.23
      1299 · Undeposited Funds 50.00
      1350 · Payroll Error/EMP Receivable 9,296.89
      1410 · Inventory Asset 198.55
      1450 · Prepaid Expenses 2,165.31
    Total Other Current Assets 40,941.98
  Total Current Assets 621,911.52
  Fixed Assets    
    1660 · Equipment 393,385.00
    1610 · Land 19,000.00
    1620 · Buildings/Equipment/Vehicles 204,454.00
    1630 · Building Improvements 237,700.00
  Total Fixed Assets 854,539.00
  Other Assets    
    1700 · Budget Presentation 6,994.00
    1500 · Amount to be provided LT debt 262,499.26
  Total Other Assets 269,493.26
TOTAL ASSETS     1,745,943.78
LIABILITIES & EQUITY    
  Liabilities      
    Current Liabilities  
      Accounts Payable  
        2000 · Accounts Payable 61,443.74
      Total Accounts Payable 61,443.74
      Other Current Liabilities  
        2040 · Refunds Due to Employees 411.07
        2499 · Deferred Property Tax Revenue 25,828.61
        2100 · Accrued payroll 2,222.32
        2110 · Accrued Payroll Liabilities 362.90
        2120 · Accrued Federal Tax Liabilities -102.96
        2130 · State Withholding Payable 1,505.00
        2140 · State Unemployment Payable 3,251.50
        2200 · Persi Retirement Payable 2,330.49
        2210 · Persi 401K 22.49
        2300 · Child Support Payable -100.00
        2400 · Accrued Vacation/Sick Pay 10,559.81
      Total Other Current Liabilities 46,291.23
    Total Current Liabilities 107,734.97
    Long Term Liabilities  
      2700 · Panhandle Area Council 50,000.00
      2740 · Mountain West Judgement - LT 1,830.47
      2750 · Lease #1272 Tender-KSST BK 28,982.06
    Total Long Term Liabilities 80,812.53
  Total Liabilities   188,547.50
  Equity      
    3100 · Investments inFfixed Assets 650,085.00
    3200 · Fund Balance 435,881.04
    3250 · Fund Balance - Debt Payments 125,794.14
    Net Income 345,636.10
  Total Equity   1,557,396.28
TOTAL LIABILITIES & EQUITY 1,745,943.78