Crane Lake Water & Sanitary District BALANCE SHEET as of 2/28/09
ASSETS
	Current Assets
		Checking/Savings
			100-Orr Bank
				Administrative Fund		18,692.51
				GC Capital Reserve Fund
					Operating Reserve Fund	1,000.00
				Total GC Capital Reserve Fund		1,000.00
				GC Sewer Operating Fund
					Base Volume Charge Fund	10,616.46
				Total GC Sewer Operating Fund		10,616.46
			Total 100-Orr Bank			30,308.97
			104-Savings-AB-S.A.R.			60,187.21
			105-Savings AB-C.R.			25,406.50
		Total Checking/Savings				115,902.68
		Other Current Assets
			115-AR/RVS Summary			3,062.56
		Total Other Current Assets				3,062.56
	Total Current Assets					118,965.24
	Fixed Assets
		140-Land & Land Improvements				174,935.83
		142-Infrastructure				2,472,640.74
		144-Building & Improvements				682,658.00
		150-Office Equipment				5,865.60
		155-Equipment				8,265.00
		156-Accum. Depreciate				-87,654.73
		160-Construction In Progress				2,625.00
	Total Fixed Assets					3,259,335.44
TOTAL ASSETS						3,378,300.68
LIABILITIES & EQUITY
	Liabilities
		Current Liabilities
			Accounts Payable
				201-Accounts Payable		12,940.64
			Total Accounts Payable			12,940.64
			Other Current Liabilities
				211-Accrued Interest		57,180.42
				Payroll Liabilities		1,679.80
			Total Other Current Liabilities			58,860.22
		Total Current Liabilities				71,800.86
		Long Term Liabilities
			222-Rural Development Loan			1,297,250.00
		Total Long Term Liabilities				1,297,250.00
	Total Liabilities					1,369,050.86
	Equity
		255-Contributed Capital				169,294.00
		256-Retained Earnings				1,812,715.07
		Net Income				27,240.75
	Total Equity					2,009,249.82
TOTAL LIABILITIES & EQUITY						3,378,300.68