Sample Church Balance Sheet

							                                                                 First Church
                                                          Balance Sheet (UNAUDITED)
08/16/2004 06:36 PM                                        Consolidated - March 2004                                                            Page:   1

                                              Fund 01 -         Fund 02 -       Fund 05 -      Fund 08 -           Fund 10 -      Total
                                              GENERAL           WOMEN'S          MEN'S          YOUTH             PRESCHOOL
                                                FUND            MINISTRY        MINISTRY


 ASSETS                                1000

   BANK ACCOUNTS                       1050

      CHECKING ACCOUNTS                1100

             First Bank - Checking     1110     $27,131.61         $1,256.89         $694.23      $1,235.89                       $30,318.62

             Preschool Checking        1120                                                                           10,265.78     10,265.78

      Subtotal Checking Accounts       1100      27,131.61          1,256.89          694.23       1,235.89           10,265.78     40,584.40

      SAVINGS ACCOUNTS                 1200

             First Bank - Savings      1210      17,029.31                                                                          17,029.31

   Subtotal Bank Accounts              1050      44,160.92          1,256.89          694.23       1,235.89           10,265.78     57,613.71

   CASH ON HAND                        1250

             Petty Cash                1260         412.64            150.00          300.00         150.00             250.00       1,262.64

   INVESTMENTS                         1300

             Money Mrkt Acct           1310      29,032.64          2,500.00                       2,750.63                         34,283.27

   FIXED ASSETS                        1500

      LAND                             1501

             Land                      1510      24,500.00                                                                          24,500.00

      BUILDINGS                        1600

             Church Building           1610     120,400.00                                                                        120,400.00

      VEHICLES                         1700

             Church Van                1710      29,425.00                                                                          29,425.00

             Accum. Depr. - Vehicles   1799        -490.42                                                                            -490.42

      Subtotal Vehicles                1700      28,934.58              0.00            0.00               0.00            0.00     28,934.58

   Subtotal Fixed Assets               1500     173,834.58              0.00            0.00               0.00            0.00   173,834.58
                                                                     First Church
                                                              Balance Sheet (UNAUDITED)
08/16/2004 06:36 PM                                            Consolidated - March 2004                                                              Page:   2

                                                  Fund 01 -         Fund 02 -       Fund 05 -      Fund 08 -           Fund 10 -      Total
                                                  GENERAL           WOMEN'S          MEN'S          YOUTH             PRESCHOOL
                                                    FUND            MINISTRY        MINISTRY


 TOTAL ASSETS                                      $247,440.78         $3,906.89         $994.23      $4,136.52          $10,515.78   $266,994.20

 LIABILITIES                               2000

   CURRENT LIABILITIES                     2010

      PAYROLL DEDUCTIONS                   2201

         TAXES PAYABLE                     2205

               Federal Withholding         2215         $63.77                                                             $400.56       $464.33

               Social Security             2217         308.48                                                              127.89        436.37

               Medicare                    2219          72.14                                                              127.89        200.03

               State Taxes Payable         2220         116.55                                                              278.56        395.11

               Local Taxes Payable         2230          68.41                                                                                68.41

         Subtotal Taxes Payable            2205         629.35              0.00            0.00               0.00         934.90       1,564.25

         OTHER DEDUCTIONS                  2250

               Health Insurance Withheld   2270                                                                             312.96        312.96

               Dental Insurance Withheld   2275                                                                               45.26           45.26

         Subtotal Other Deductions         2250           0.00              0.00            0.00               0.00         358.22        358.22

      Subtotal Payroll Deductions          2201         629.35              0.00            0.00               0.00        1,293.12      1,922.47

   Subtotal Current Liabilities            2010         629.35              0.00            0.00               0.00        1,293.12      1,922.47

   LONG TERM LIABILITIES                   2600

      MORTGAGES & LOANS                    2610

               Mortgage                    2620      38,953.69                                                                          38,953.69

 TOTAL LIABILITIES                                  $39,583.04             $0.00           $0.00          $0.00           $1,293.12    $40,876.16

 NET ASSETS                                3000

   UNRESTRICTED                            3100
                                                                     First Church
                                                              Balance Sheet (UNAUDITED)
08/16/2004 06:36 PM                                            Consolidated - March 2004                                                            Page:   3

                                                  Fund 01 -         Fund 02 -       Fund 05 -      Fund 08 -           Fund 10 -      Total
                                                  GENERAL           WOMEN'S          MEN'S          YOUTH             PRESCHOOL
                                                    FUND            MINISTRY        MINISTRY


            Unrestricted Net Assets    3110        $205,805.17         $3,906.89         $994.23      $4,136.52          -$1,043.12   $213,799.69

   DONOR RESTRICTED                    3200

      SHORT-TERM RESTRICTED            3201

            Missions                   3210-100         749.64                                                                            749.64

            Building                   3220-101       1,302.93                                                                           1,302.93

      Subtotal Short-term Restricted   3201           2,052.57              0.00            0.00               0.00           0.00       2,052.57

   Subtotal Donor Restricted           3200           2,052.57              0.00            0.00               0.00           0.00       2,052.57

 TOTAL EQUITY                                      $207,857.74         $3,906.89         $994.23      $4,136.52          -$1,043.12   $215,852.26

 TOTAL LIABILITIES AND EQUITY                      $247,440.78         $3,906.89         $994.23      $4,136.52            $250.00    $256,728.42