| Crane Lake Water & Sanitary District BALANCE SHEET as of January 31, 2012 |
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| ASSETS |
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Current Assets |
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Checking/Savings |
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100-Orr Bank |
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Administrative Fund |
12,320.61 |
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Debt Service Fund |
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Special Assessment Revenue Fund |
1,000.00 |
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Total Debt Service Fund |
1,000.00 |
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Eastern Service Area Fund |
6,703.15 |
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GC Capital Reserve Fund |
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Operating Reserve Fund |
1,000.00 |
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Total GC Capital Reserve Fund |
1,000.00 |
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GC Sewer Operating Fund |
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Base Volume Charge Fund |
25,125.74 |
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Service Connection Fund |
900.00 |
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Total GC Sewer Operating Fund |
26,025.74 |
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Total 100-Orr Bank |
47,049.50 |
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104-Savings-AB-S.A.R. |
57,412.25 |
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105-Savings AB-C.R. |
1,695.75 |
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Total Checking/Savings |
106,157.50 |
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Accounts Receivable |
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111-Accounts Receivable |
9.00 |
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Total Accounts Receivable |
9.00 |
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Other Current Assets |
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115-AR/RVS Summary |
4,277.94 |
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Total Other Current Assets |
4,277.94 |
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Total Current Assets |
110,444.44 |
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Fixed Assets |
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140-Land & Land Improvements |
177,560.63 |
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142-Infrastructure |
2,472,640.74 |
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144-Building & Improvements |
682,658.00 |
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150-Office Equipment |
5,865.60 |
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155-Equipment |
40,297.38 |
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156-Accum. Depreciate |
-425,653.24 |
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160-Construction In Progress |
42,265.31 |
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Total Fixed Assets |
2,995,634.42 |
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| TOTAL ASSETS |
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3,106,078.86 |
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| LIABILITIES & EQUITY |
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Liabilities |
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Current Liabilities |
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Accounts Payable |
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201-Accounts Payable |
18,634.98 |
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Total Accounts Payable |
18,634.98 |
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Other Current Liabilities |
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211-Accrued Interest |
26,001.57 |
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Payroll Liabilities |
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FIT & FICA Payable |
417.66 |
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SIT Payable |
169.00 |
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Total Payroll Liabilities |
586.66 |
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Total Other Current Liabilities |
26,588.23 |
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Total Current Liabilities |
45,223.21 |
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Long Term Liabilities |
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222-Rural Development Loan |
1,453,102.46 |
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Total Long Term Liabilities |
1,453,102.46 |
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Total Liabilities |
1,498,325.67 |
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Equity |
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255-Contributed Capital |
169,294.00 |
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256-Retained Earnings |
1,476,151.58 |
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Net Income |
-37,692.39 |
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Total Equity |
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1,607,753.19 |
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| TOTAL LIABILITIES & EQUITY |
3,106,078.86 |
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