Crane Lake Water & Sanitary District
Balance Sheet						12/04/2006
As of October 31, 2006
						Oct 31, 06
ASSETS
	Current Assets
		Checking/Savings
			100-Orr Bank
				Aministrative Fund		48,214.11
				GC Capital Reserve Fund		14,300.00
				GC Sewer Operating Fund
					Base Volume Charge Fund	28,879.40
					Service Connection Fund	12,200.00
				Total GC Sewer Operating Fund		41,079.40
				Insurance Claim Fund		2,813.67
				Pre-Paid Special AssessmentFund		25,226.82
				Special Assessment Revenue Fund		100,536.56
			Total 100-Orr Bank			232,170.56
			102-Border State Bank			130,721.96
		Total Checking/Savings				362,892.52
		Accounts Receivable
			111-Accounts Receivable			436.50
		Total Accounts Receivable				436.50
		Other Current Assets
			112-Due From Other Governments			17,094.90
			113-Special Assessments Recvabl			-15,811.20
			114-Litgation Settlement Rec			3,794.04
			115-AR/RVS Summary			16,711.48
			Undeposited Funds			9.75
		Total Other Current Assets				21,798.97
	Total Current Assets					385,127.99
	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						3,411,855.90
LIABILITIES & EQUITY
	Liabilities
		Current Liabilities
			Accounts Payable
				201-Accounts Payable		41,079.62
			Total Accounts Payable			41,079.62
			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				1,495,387.51
	Total Liabilities					1,495,387.51
	Equity
		255-Contributed Capitol				169,294.00
		256-Retained Earnings				1,777,034.18
		Net Income				-29,859.79
	Total Equity					1,916,468.39
TOTAL LIABILITIES & EQUITY						3,411,855.90