Crane Lake, Minnesota Water & Sanitary District  
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Crane Lake Water & Sanitary District BALANCE SHEET as of 6/1/18
ASSETS
Current Assets
Checking/Savings
100-Orr Bank
Administrative Fund 91,289.49
Eastern Service Area Fund
Legacy Grant Fund -35,688.76
Legacy Grant Fund-Kicker Blvd 59,341.74
Total Eastern Service Area Fund 23,652.98
GC Capital Reserve Fund
Operating Reserve Fund 50,000.00
WIF System Replacement Fund 2,825.54
Total GC Capital Reserve Fund 52,825.54
GC Sewer Operating Fund
Base Volume Charge Fund 36,011.93
Service Connection Fund -500.00
Total GC Sewer Operating Fund 35,511.93
Total 100-Orr Bank 203,279.94
104-Savings-AB-S.A.R. 112,782.67
105-Savings AB-C.R. 49,725.06
107-SavingsAB-Debt Service 113,667.88
Total Checking/Savings 479,455.55
Accounts Receivable
111-Accounts Receivable 71,426.58
Total Accounts Receivable 71,426.58
Other Current Assets
115-AR/RVS Summary -2,574.82
Undeposited Funds 7,500.00
Total Other Current Assets 4,925.18
Total Current Assets 555,807.31
Fixed Assets
140-Land & Land Improvements 178,236.98
142-Infrastructure 2,790,272.01
144-Building & Improvements 716,918.00
150-Office Equipment 7,597.40
155-Equipment 343,445.66
156-Accum. Depreciate -1,010,803.76
160-Construction In Progress 1,138,856.38
Total Fixed Assets 4,164,522.67
TOTAL ASSETS 4,720,329.98
LIABILITIES & EQUITY
Liabilities
Current Liabilities
Accounts Payable
201-Accounts Payable 150,803.43
Total Accounts Payable 150,803.43
Other Current Liabilities
211-Accrued Interest 32,601.35
231-Note Payable 60,061.11
Payroll Liabilities
FIT & FICA Payable 1,520.78
SIT Payable 542.00
Total Payroll Liabilities 2,062.78
Total Other Current Liabilities 94,725.24
Total Current Liabilities 245,528.67
Long Term Liabilities
222-Rural Development Loan 1,322,283.53
Total Long Term Liabilities 1,322,283.53
Total Liabilities 1,567,812.20
Equity
255-Contributed Capital 2,916,568.36
256-Retained Earnings 216,877.48
Net Income 19,071.94
Total Equity 3,152,517.78
TOTAL LIABILITIES & EQUITY 4,720,329.98
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Crane Lake Water & Sanitary District
P.O. Box 306 · Crane Lake, Minnesota 55725
© 2001 CLWSD