v3.8.0.1

BALANCE SHEETS - USD ($)	Sep. 29, 2017	Mar. 30, 2017
ASSETS
Cash and cash equivalents	$ 24,753	$ 22,904
Investment in Pemberwick Fund, a short duration bond fund	1,980,075	1,314,600
Total assets	2,004,828	1,337,504
Liabilities
Accounts payable and accrued expenses	13,345	24,615
Payable to manager and affiliates	276,816	456,082
Total liabilities	290,161	480,697
Commitments and contingencies
Owners' equity (deficit)
Manager	(148,686)	(157,271)
Beneficial owners (18,654 units of beneficial ownership interest outstanding)	1,867,902	1,018,017
Accumulated other comprehensive loss	(4,549)	(3,939)
Total equity (deficit)	1,714,667	856,807
Total liabilities & equity (deficit)	$ 2,004,828	$ 1,337,504

Amount of liabilities incurred and payable to vendors for goods and services received, and accrued liabilities classified as other.

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Accumulated appreciation or loss, net of tax, in value of the total of available-for-sale securities at the end of an accounting period.

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Sum of the carrying amounts as of the balance sheet date of all assets that are recognized. Assets are probable future economic benefits obtained or controlled by an entity as a result of past transactions or events.

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Amount of equity securities categorized neither as held-to-maturity nor as trading.

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Amount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Excludes cash and cash equivalents within disposal group and discontinued operation.

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Represents the caption on the face of the balance sheet to indicate that the entity has entered into (1) purchase or supply arrangements that will require expending a portion of its resources to meet the terms thereof, and (2) is exposed to potential losses or, less frequently, gains, arising from (a) possible claims against a company's resources due to future performance under contract terms, and (b) possible losses or likely gains from uncertainties that will ultimately be resolved when one or more future events that are deemed likely to occur do occur or fail to occur.

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Sum of the carrying amounts as of the balance sheet date of all liabilities that are recognized. Liabilities are probable future sacrifices of economic benefits arising from present obligations of an entity to transfer assets or provide services to other entities in the future.

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AMERICAN TAX CREDIT TRUST SERIES I 10-Q