May 31, 07
ASSETS
	Current Assets
		Checking/Savings
			100 · Cash
				100.01 · Symphonic Choir Checking		1,185.06
				100.02 · C4 Checking		1,387.87
				100.03 · Endowment Checking		13,519.44
				100.06 · Petty Cash		100.00
			Total 100 · Cash			16,192.37
		Total Checking/Savings				16,192.37
		Other Current Assets
			107.00 · Credit Card Receivables			120.00
			125 · Inventories
				125.01 · Inventories for Sale		7,024.00
			Total 125 · Inventories			7,024.00
		Total Other Current Assets				7,144.00
	Total Current Assets					23,336.37
	Fixed Assets
		130 · Fixed Assets
			130.01 · Equipment			1,545.00
			130.02 · Inventories for Use			13,629.00
			130.03 · Accumulated Depreciation			-6,088.00
		Total 130 · Fixed Assets				9,086.00
	Total Fixed Assets					9,086.00
	Other Assets
		105 · Investments
			105.01 · Endowment Investments			88,416.07
			105.02 · Scholarship Investments			8,604.78
		Total 105 · Investments				97,020.85
	Total Other Assets					97,020.85
TOTAL ASSETS						129,443.22
LIABILITIES & EQUITY
	Liabilities
		Current Liabilities
			Accounts Payable
				200 · *Accounts Payable		669.42
			Total Accounts Payable			669.42
			Credit Cards
				202.00 · Credit Card Accounts Payable
					202.01 · BB&T Business - Visa	202.55
					202.00 · Credit Card Accounts Payable - Other	19.42
				Total 202.00 · Credit Card Accounts Payable		221.97
			Total Credit Cards			221.97
			Other Current Liabilities
				205.07 · Sales Tax Payable		20.29
			Total Other Current Liabilities			20.29
		Total Current Liabilities				911.68
	Total Liabilities					911.68
	Equity
		300 · Unrestricted Net Assets
			300.01 · Undesignated Net Assets			27,982.96
			300.04 · Board Designated - Endowment			80,738.77
			300.10 · Opening Bal Equity			100.00
		Total 300 · Unrestricted Net Assets				108,821.73
		320 · Permanently Restricted Assets
			320.01 · Scholarship			6,565.28
		Total 320 · Permanently Restricted Assets				6,565.28
		Net Income				13,144.53
	Total Equity					128,531.54
TOTAL LIABILITIES & EQUITY						129,443.22