Crane Lake
Balance Sheet
As of April 30, 2006
						Apr 30, 06
ASSETS
	Current Assets
		Checking/Savings
			100-Orr Bank
				Aministrative Fund		54,323.02
				GC Capital Reserve Fund		14,300.00
				GC Sewer Operating Fund
					Base Volume Charge Fund	20,553.65
					Service Connection Fund	12,200.00
				Total GC Sewer Operating Fund		32,753.65
				Insurance Claim Fund		4,086.89
				Pre-Paid Special AssessmentFund		124,254.78
				Special Assessment Revenue Fund		67,619.95
			Total 100-Orr Bank			297,338.29
			102-Border State Bank			25,220.09
		Total Checking/Savings				322,558.38
		Accounts Receivable
			111-Accounts Receivable			443.25
		Total Accounts Receivable				443.25
		Other Current Assets
			112-Due From Other Governments			17,094.90
			113-Special Assessments Recvabl			17,105.41
			114-Litgation Settlement Rec			3,794.04
			115-AR/RVS Summary			9,277.72
		Total Other Current Assets				47,272.07
	Total Current Assets					370,273.70
	Fixed Assets
		140-Land				15,024.00
		150-Office Equipment				3,686.73
		151-Accumulated Depr. Off.Equip				-2,582.00
		160-Construction In Progress				3,010,315.30
	Total Fixed Assets					3,026,444.03
TOTAL ASSETS						3,396,717.73
LIABILITIES & EQUITY
	Liabilities
		Current Liabilities
			Accounts Payable
				201-Accounts Payable		9,418.49
			Total Accounts Payable			9,418.49
			Other Current Liabilities
				211-Accrued Interest		64,308.09
				221-Interim Financing		1,389,999.80
			Total Other Current Liabilities			1,454,307.89
		Total Current Liabilities				1,463,726.38
	Total Liabilities					1,463,726.38
	Equity
		255-Contributed Capitol				169,294.00
		256-Retained Earnings				1,777,034.18
		Net Income				-13,336.83
	Total Equity					1,932,991.35
TOTAL LIABILITIES & EQUITY						3,396,717.73