Crane Lake						7:01 PM
Balance Sheet						04/04/2006
As of December 31, 2005						Accrual Basis
						Dec 31, 05
ASSETS
	Current Assets
		Checking/Savings
			100-Orr Bank
				Aministrative Fund			65,945.29
				GC Capital Reserve Fund			14,300.00
				GC Sewer Operating Fund
					Base Volume Charge Fund	14,460.73
					Service Connection Fund	12,200.00
				Total GC Sewer Operating Fund			26,660.73
				Insurance Claim Fund			10,635.25
				Pre-Paid Special AssessmentFund			124,254.78
				Special Assessment Revenue Fund			67,619.95
			Total 100-Orr Bank					309,416.00
			102-Border State Bank					19,818.00
		Total Checking/Savings							329,234.00
		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 Summary			9,121.53
		Total Other Current Assets						47,115.88
	Total Current Assets								376,793.13
	Fixed Assets
		140-Land				15,024.00
		150-Office Equipment				1,073.01
		151-Accumulated Depr. Off.Equip				-2,582.00
		160-Construction In Progress				3,010,315.30
	Total Fixed Assets								3,023,830.31
TOTAL ASSETS									3,400,623.44
LIABILITIES & EQUITY
	Liabilities
		Current Liabilities
			Accounts Payable
				201-Accounts Payable		18.50
			Total Accounts Payable						18.50
			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							1,454,326.39
	Total Liabilities								1,454,326.39
	Equity
		255-Contributed Capitol				169,294.00
		256-Retained Earnings				1,677,200.63
		Net Income				99,802.42
	Total Equity								1,946,297.05
TOTAL LIABILITIES & EQUITY									3,400,623.44