Crane Lake Water & Sanitary District
Balance Sheet						11/08/2006
As of September 30, 2006
						Sep 30, 06
ASSETS
	Current Assets
		Checking/Savings
			100-Orr Bank
				Aministrative Fund		46,958.73
				GC Capital Reserve Fund		14,300.00
				GC Sewer Operating Fund
					Base Volume Charge Fund	36,167.44
					Service Connection Fund	12,200.00
				Total GC Sewer Operating Fund		48,367.44
				Insurance Claim Fund		2,628.17
				Pre-Paid Special AssessmentFund		25,226.82
				Special Assessment Revenue Fund		88,675.99
			Total 100-Orr Bank			226,157.15
			102-Border State Bank			124,248.05
		Total Checking/Savings				350,405.20
		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			-3,950.63
			114-Litgation Settlement Rec			3,794.04
			115-AR/RVS Summary			15,260.95
		Total Other Current Assets				32,199.26
	Total Current Assets					383,047.71
	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						3,409,775.62
LIABILITIES & EQUITY
	Liabilities
		Current Liabilities
			Accounts Payable
				201-Accounts Payable		102,987.25
			Total Accounts Payable			102,987.25
			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				1,557,295.14
	Total Liabilities					1,557,295.14
	Equity
		255-Contributed Capitol				169,294.00
		256-Retained Earnings				1,777,034.18
		Net Income				-93,847.70
	Total Equity					1,852,480.48
TOTAL LIABILITIES & EQUITY						3,409,775.62