Crane Lake, Minnesota Water & Sanitary District  
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Crane Lake Water & Sanitary District  BALANCE SHEET as of 11/30/17
ASSETS
Current Assets
Checking/Savings
100-Orr Bank
Administrative Fund 99,592.25
Eastern Service Area Fund
IRRRB Grant Fund -5,812.99
Legacy Grant Fund -27,687.30
Legacy Grant Fund-Kicker Blvd 59,341.74
Total Eastern Service Area Fund 25,841.45
GC Capital Reserve Fund
Hookup Fee Fund 7,500.00
WIF System Replacement Fund 2,649.54
Total GC Capital Reserve Fund 10,149.54
GC Sewer Operating Fund
Base Volume Charge Fund 24,726.25
Service Connection Fund 350.00
Total GC Sewer Operating Fund 25,076.25
Total 100-Orr Bank 160,659.49
104-Savings-AB-S.A.R. 157,591.41
105-Savings AB-C.R. 95,628.45
106-Savings AB-IRRRB 78,215.52
Total Checking/Savings 492,094.87
Accounts Receivable
111-Accounts Receivable 149,985.17
Total Accounts Receivable 149,985.17
Other Current Assets
115-AR/RVS Summary -499.78
Total Other Current Assets -499.78
Total Current Assets 641,580.26
Fixed Assets
140-Land & Land Improvements 178,236.98
142-Infrastructure 2,790,272.01
144-Building & Improvements 682,658.00
150-Office Equipment 7,597.40
155-Equipment 204,479.04
156-Accum. Depreciate -907,113.64
160-Construction In Progress 973,161.57
Total Fixed Assets 3,929,291.36
TOTAL ASSETS 4,570,871.62
LIABILITIES & EQUITY
Liabilities
Current Liabilities
Accounts Payable
201-Accounts Payable 19,508.21
Total Accounts Payable 19,508.21
Other Current Liabilities
211-Accrued Interest 33,220.69
Payroll Liabilities
FIT & FICA Payable 1,011.64
SIT Payable 308.00
Total Payroll Liabilities 1,319.64
Total Other Current Liabilities 34,540.33
Total Current Liabilities 54,048.54
Long Term Liabilities
222-Rural Development Loan 1,349,689.39
Total Long Term Liabilities 1,349,689.39
Total Liabilities 1,403,737.93
Equity
255-Contributed Capital 2,916,568.36
256-Retained Earnings 36,956.56
Net Income 213,608.77
Total Equity 3,167,133.69
TOTAL LIABILITIES & EQUITY 4,570,871.62
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Crane Lake Water & Sanitary District
P.O. Box 306 · Crane Lake, Minnesota 55725
© 2001 CLWSD