The Superintendent's Financial Statements for the month ending December 31, 2007, shows a large increase in the District's cash balances from the previous year.  This is due to the uncertainty with the SBA and the receipt of property tax revenue.  The SBA investments currently in Fund B are shown on a separate line as non-current assets, as the District does not currently have access to these funds.  These investments account for 8% of the District's investment portfolio in SBA and other local accounts.  All funds show a positive fund balance.  Revenues are in-line with budgets and prior year amounts.

CORCORAN & WEIDNER