Crane Lake, Minnesota Water & Sanitary District  
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Crane Lake Water & Sanitary District  BALANCE SHEET РPREV. YEAR COMPARISON
As of March 31, 2016
Mar 31, 16 Mar 31, 15
ASSETS
Current Assets
Checking/Savings
100-Orr Bank
Administrative Fund 96,478.69 71,331.38
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
IRRRB Grant Fund 27,828.26 -56,113.60
Legacy Grant Fund 4,252.00 371,900.00
State Bonding Fund 0.00 312,266.00
Total Eastern Service Area Fund 32,080.26 628,052.40
GC Capital Reserve Fund
Hookup Fee Fund 7,500.00 0.00
Operating Reserve Fund 1,000.00 1,000.00
WIF System Replacement Fund 2,464.54 2,268.83
Total GC Capital Reserve Fund 10,964.54 3,268.83
GC Sewer Operating Fund
Base Volume Charge Fund 39,192.28 46,656.23
Infrastructure Settle Fund 46,849.23 63,238.90
Service Connection Fund 5,350.00 3,250.00
Total GC Sewer Operating Fund 91,391.51 113,145.13
Insurance Claim Fund 0.00 -53,864.23
Total 100-Orr Bank 231,915.00 762,933.51
104-Savings-AB-S.A.R. 37,628.96 41,156.51
105-Savings AB-C.R. 30,651.02 23,444.49
106-Savings AB-IRRRB 175,016.78 0.00
Total Checking/Savings 475,211.76 827,534.51
Accounts Receivable
111-Accounts Receivable 3,489.06 597.17
Total Accounts Receivable 3,489.06 597.17
Other Current Assets
115-AR/RVS Summary 3,417.78 5,712.02
Total Other Current Assets 3,417.78 5,712.02
Total Current Assets 482,118.60 833,843.70
Fixed Assets
140-Land & Land Improvements 178,236.98 178,236.98
142-Infrastructure 2,790,272.01 2,790,272.01
144-Building & Improvements 682,658.00 682,658.00
150-Office Equipment 7,405.08 7,405.08
155-Equipment 103,787.71 99,157.71
156-Accum. Depreciate -803,666.88 -803,666.88
160-Construction In Progress 730,379.00 0.00
Total Fixed Assets 3,689,071.90 2,954,062.90
TOTAL ASSETS 4,171,190.50 3,787,906.60
LIABILITIES & EQUITY
Liabilities
Current Liabilities
Accounts Payable
201-Accounts Payable 10,095.09 43,824.65
Total Accounts Payable 10,095.09 43,824.65
Other Current Liabilities
211-Accrued Interest 33,825.66 33,825.66
Payroll Liabilities
FIT & FICA Payable 1,599.50 1,647.44
SIT Payable 203.00 209.00
Total Payroll Liabilities 1,802.50 1,856.44
Total Other Current Liabilities 35,628.16 35,682.10
Total Current Liabilities 45,723.25 79,506.75
Long Term Liabilities
222-Rural Development Loan 1,376,459.48 1,402,608.53
Total Long Term Liabilities 1,376,459.48 1,402,608.53
Total Liabilities 1,422,182.73 1,482,115.28
Equity
255-Contributed Capital 169,294.00 169,294.00
256-Retained Earnings 2,546,555.06 2,251,451.88
Net Income 33,158.71 -114,954.56
Total Equity 2,749,007.77 2,305,791.32
TOTAL LIABILITIES & EQUITY 4,171,190.50 3,787,906.60
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Crane Lake Water & Sanitary District
P.O. Box 306 · Crane Lake, Minnesota 55725
© 2001 CLWSD