Crane Lake Water & Sanitary District BALANCE SHEET as of Nov 30, 2008
						Nov 30, 08				01/06/2009
ASSETS
	Current Assets
		Checking/Savings
			100-Orr Bank
				Administrative Fund		27,676.29
				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	13,456.50
				Total GC Sewer Operating Fund		13,456.50
			Total 100-Orr Bank			42,132.79
			103-CD 0001-AB			13,236.99
			104-Savings-AB-S.A.R.			23,401.18
			105-Savings AB-C.R.			25,279.06
		Total Checking/Savings				104,050.02
		Other Current Assets
			115-AR/RVS Summary			2,385.32
		Total Other Current Assets				2,385.32
	Total Current Assets					106,435.34
	Fixed Assets
		140-Land				15,024.00
		150-Office Equipment				5,865.60
		151-Accumulated Depr. Off.Equip				-2,968.00
		155-Equipment				8,265.00
		156-Accum. Depreciate Equip				-787.14
		160-Construction In Progress				3,317,835.51
	Total Fixed Assets					3,343,234.97
TOTAL ASSETS						3,449,670.31
LIABILITIES & EQUITY
	Liabilities
		Current Liabilities
			Accounts Payable
				201-Accounts Payable		49,941.47
			Total Accounts Payable			49,941.47
			Other Current Liabilities
				Payroll Liabilities		1,561.05
			Total Other Current Liabilities			1,561.05
		Total Current Liabilities				51,502.52
		Long Term Liabilities
			222-Rural Development Loan			1,297,250.00
		Total Long Term Liabilities				1,297,250.00
	Total Liabilities					1,348,752.52
	Equity
		255-Contributed Capital				169,294.00
		256-Retained Earnings				1,996,777.06
		Net Income				-65,153.27
	Total Equity					2,100,917.79
TOTAL LIABILITIES & EQUITY						3,449,670.31