Crane Lake Water & Sanitary District
Balance Sheet						10/03/2006
As of August 31, 2006
						Aug 31, 06
ASSETS
	Current Assets
		Checking/Savings
			100-Orr Bank
				Aministrative Fund		47,023.15
				GC Capital Reserve Fund		14,300.00
				GC Sewer Operating Fund
					Base Volume Charge Fund	27,735.95
					Service Connection Fund	12,200.00
				Total GC Sewer Operating Fund		39,935.95
				Insurance Claim Fund		2,628.17
				Pre-Paid Special AssessmentFund		25,226.82
				Special Assessment Revenue Fund		88,675.99
			Total 100-Orr Bank			217,790.08
			102-Border State Bank			124,248.05
		Total Checking/Savings				342,038.13
		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			-13,364.13
			114-Litgation Settlement Rec			3,794.04
			115-AR/RVS Summary			21,482.17
		Total Other Current Assets				29,006.98
	Total Current Assets					371,488.36
	Fixed Assets
		140-Land				15,024.00
		150-Office Equipment				3,970.61
		151-Accumulated Depr. Off.Equip				-2,582.00
		160-Construction In Progress				3,010,315.30
	Total Fixed Assets					3,026,727.91
TOTAL ASSETS						3,398,216.27
LIABILITIES & EQUITY
	Liabilities
		Current Liabilities
			Accounts Payable
				201-Accounts Payable		85,713.69
			Total Accounts Payable			85,713.69
			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				1,540,021.58
	Total Liabilities					1,540,021.58
	Equity
		255-Contributed Capitol				169,294.00
		256-Retained Earnings				1,777,034.18
		Net Income				-88,133.49
	Total Equity					1,858,194.69
TOTAL LIABILITIES & EQUITY						3,398,216.27