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Red River Valley Fair Association <br />Balance Sheet - Income Tax Basis <br />December 31, 1990 <br />ASSETS <br />Current Assets <br />Cash in Demand Accounts $ 14,624 <br />Certificates of Deposit 32,381 <br />Buildings and Leasehold Improvements at Cost <br />or Donated Value, Substantially Pledged 75.937 <br />122.942 <br />LIABILITIES AND FUND BALANCE <br />Liabilities <br />Note Payable to Bank Secured by Livestock Barn $ 9,218 <br />Note Payable to Bank Secured by Exhibits Building 58.168 <br />Total Liabilities 67,386 <br />Fund Balance 55.556 <br />$ 122.942 <br />See Accountants' Compilation Report <br />