Crane Lake Water & Sanitary District BALANCE SHEET as of May 31, 2009
ASSETS
	Current Assets
		Checking/Savings
			100-Orr Bank
				Administrative Fund		-500.61
				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	22,000.67
				Total GC Sewer Operating Fund		22,000.67
			Total 100-Orr Bank			22,500.06
			104-Savings-AB-S.A.R.			50,476.01
			105-Savings AB-C.R.			23,712.12
		Total Checking/Savings				96,688.19
		Other Current Assets
			115-AR/RVS Summary			3,587.60
		Total Other Current Assets				3,587.60
	Total Current Assets					100,275.79
	Fixed Assets
		140-Land & Land Improvements				177,560.63
		142-Infrastructure				2,472,640.74
		144-Building & Improvements				682,658.00
		150-Office Equipment				5,865.60
		155-Equipment				10,084.67
		156-Accum. Depreciate				-171,650.91
	Total Fixed Assets					3,177,158.73
TOTAL ASSETS						3,277,434.52
LIABILITIES & EQUITY
	Liabilities
		Current Liabilities
			Accounts Payable
				201-Accounts Payable		6,930.41
			Total Accounts Payable			6,930.41
			Other Current Liabilities
				211-Accrued Interest		55,946.32
				Payroll Liabilities
					FIT & FICA Payable	3,609.18
					FUTA Payable	376.85
					SIT Payable	695.00
					Payroll Liabilities - Other	-2,180.55
				Total Payroll Liabilities		2,500.48
			Total Other Current Liabilities			58,446.80
		Total Current Liabilities				65,377.21
		Long Term Liabilities
			222-Rural Development Loan			1,330,000.00
		Total Long Term Liabilities				1,330,000.00
	Total Liabilities					1,395,377.21
	Equity
		255-Contributed Capital				169,294.00
		256-Retained Earnings				1,697,247.74
		Net Income				15,515.57
	Total Equity					1,882,057.31
TOTAL LIABILITIES & EQUITY						3,277,434.52