Crane Lake Water & Sanitary District BALANCE SHEET PREV YEAR COMPARISON
As of September 30, 2010
						Sep 30, 10		Sep 30, 09
ASSETS
	Current Assets
		Checking/Savings
			100-Orr Bank
				Administrative Fund		-4,560.67		-393.93
				Eastern Service Area Fund		82,469.35		0.00
				GC Capital Reserve Fund
					Operating Reserve Fund	1,000.00		1,000.00
				Total GC Capital Reserve Fund		1,000.00		1,000.00
				GC Sewer Operating Fund
					Base Volume Charge Fund	39,569.00		28,474.16
				Total GC Sewer Operating Fund		39,569.00		28,474.16
			Total 100-Orr Bank			118,477.68		29,080.23
			104-Savings-AB-S.A.R.			99,644.87		62,165.77
			105-Savings AB-C.R.			11,456.37		23,954.49
		Total Checking/Savings				229,578.92		115,200.49
		Other Current Assets
			115-AR/RVS Summary			2,744.57		6,228.40
		Total Other Current Assets				2,744.57		6,228.40
	Total Current Assets					232,323.49		121,428.89
	Fixed Assets
		140-Land & Land Improvements				177,560.63		177,560.63
		142-Infrastructure				2,472,640.74		2,472,640.74
		144-Building & Improvements				682,658.00		682,658.00
		150-Office Equipment				5,865.60		5,865.60
		155-Equipment				22,815.28		10,084.67
		156-Accum. Depreciate				-339,881.56		-255,647.09
	Total Fixed Assets					3,021,658.69		3,093,162.55
TOTAL ASSETS						3,253,982.18		3,214,591.44
LIABILITIES & EQUITY
	Liabilities
		Current Liabilities
			Accounts Payable
				201-Accounts Payable		15,336.32		13,264.25
			Total Accounts Payable			15,336.32		13,264.25
			Other Current Liabilities
				211-Accrued Interest		109,574.72		54,712.22
				Payroll Liabilities
					FIT & FICA Payable	1,604.10		0.00
					SIT Payable	378.00		99.00
				Total Payroll Liabilities		1,982.10		99.00
			Total Other Current Liabilities			111,556.82		54,811.22
		Total Current Liabilities				126,893.14		68,075.47
		Long Term Liabilities
			222-Rural Development Loan			1,330,000.00		1,330,000.00
		Total Long Term Liabilities				1,330,000.00		1,330,000.00
	Total Liabilities					1,456,893.14		1,398,075.47
	Equity
		255-Contributed Capital				169,294.00		169,294.00
		256-Retained Earnings				1,539,218.29		1,615,165.43
		Net Income				88,576.75		32,056.54
	Total Equity					1,797,089.04		1,816,515.97
TOTAL LIABILITIES & EQUITY						3,253,982.18		3,214,591.44