Crane Lake, Minnesota Water & Sanitary District  
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Crane Lake Water & Sanitary District BALANCE SHEET Prev. Yr. Comparison
As of June 30, 2013
Jun 30, 13 Jun 30, 12
ASSETS
Current Assets
Checking/Savings
100-Orr Bank
Administrative Fund 28,760.40 -2,207.50
Debt Service Fund
Special Assessment Revenue Fund 1,000.00 1,000.00
Total Debt Service Fund 1,000.00 1,000.00
Eastern Service Area Fund 2,559.15 2,559.15
GC Capital Reserve Fund
Operating Reserve Fund 1,000.00 1,000.00
WIF System Replacement Fund 1,869.28 0.00
Total GC Capital Reserve Fund 2,869.28 1,000.00
GC Sewer Operating Fund
Base Volume Charge Fund 26,031.77 33,151.93
Service Connection Fund 2,600.00 1,250.00
Total GC Sewer Operating Fund 28,631.77 34,401.93
Total 100-Orr Bank 63,820.60 36,753.58
104-Savings-AB-S.A.R. 70,913.82 50,242.20
105-Savings AB-C.R. 17,832.13 3,699.26
Total Checking/Savings 152,566.55 90,695.04
Accounts Receivable
111-Accounts Receivable 250.00 0.00
Total Accounts Receivable 250.00 0.00
Other Current Assets
115-AR/RVS Summary 5,536.08 4,655.33
Total Other Current Assets 5,536.08 4,655.33
Total Current Assets 158,352.63 95,350.37
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 7,405.08 5,865.60
155-Equipment 44,512.53 40,297.38
156-Accum. Depreciate -513,606.97 -513,606.97
160-Construction In Progress 303,411.01 303,411.01
Total Fixed Assets 3,174,581.02 3,168,826.39
TOTAL ASSETS 3,332,933.65 3,264,176.76
LIABILITIES & EQUITY
Liabilities
Current Liabilities
Accounts Payable
201-Accounts Payable 28,341.65 8,827.05
Total Accounts Payable 28,341.65 8,827.05
Other Current Liabilities
211-Accrued Interest 34,416.62 34,416.62
Payroll Liabilities
FIT & FICA Payable 2,300.86 -16.56
SIT Payable 487.60 99.00
Total Payroll Liabilities 2,788.46 82.44
Total Other Current Liabilities 37,205.08 34,499.06
Total Current Liabilities 65,546.73 43,326.11
Long Term Liabilities
222-Rural Development Loan 1,453,102.46 1,453,102.46
Total Long Term Liabilities 1,453,102.46 1,453,102.46
Total Liabilities 1,518,649.19 1,496,428.57
Equity
255-Contributed Capital 169,294.00 169,294.00
256-Retained Earnings 1,716,203.02 1,641,326.04
Net Income -71,212.56 -42,871.85
Total Equity 1,814,284.46 1,767,748.19
TOTAL LIABILITIES & EQUITY 3,332,933.65 3,264,176.76
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Crane Lake Water & Sanitary District
P.O. Box 306 ยท Crane Lake, Minnesota 55725
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