Crane Lake, Minnesota Water & Sanitary District  
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Crane Lake Water & Sanitary District BALANCE SHEET as of 8/31/14
ASSETS
Current Assets
Checking/Savings
100-Orr Bank
Administrative Fund 61,638.54
Debt Service Fund
Special Assessment Revenue Fund 999.96
Total Debt Service Fund 999.96
Eastern Service Area Fund
Legacy Grant Fund 375,000.00
State Bonding Fund 314,586.00
Total Eastern Service Area Fund 689,586.00
GC Capital Reserve Fund
Operating Reserve Fund 1,000.00
WIF System Replacement Fund 2,063.46
Total GC Capital Reserve Fund 3,063.46
GC Sewer Operating Fund
Base Volume Charge Fund 22,975.02
Infrastructure Settle Fund 107,500.00
Service Connection Fund 3,250.00
Total GC Sewer Operating Fund 133,725.02
Insurance Claim Fund -62,756.45
Total 100-Orr Bank 826,256.53
104-Savings-AB-S.A.R. 83,101.20
105-Savings AB-C.R. 16,148.80
Total Checking/Savings 925,506.53
Accounts Receivable
111-Accounts Receivable 7,869.01
Total Accounts Receivable 7,869.01
Other Current Assets
115-AR/RVS Summary 8,830.77
Undeposited Funds 1,710.00
Total Other Current Assets 10,540.77
Total Current Assets 943,916.31
Fixed Assets
140-Land & Land Improvements 178,236.98
142-Infrastructure 2,790,272.01
144-Building & Improvements 682,658.00
150-Office Equipment 7,405.08
155-Equipment 109,593.87
156-Accum. Depreciate -607,818.32
Total Fixed Assets 3,160,347.62
TOTAL ASSETS 4,104,263.93
LIABILITIES & EQUITY
Liabilities
Current Liabilities
Accounts Payable
201-Accounts Payable 36,163.33
Total Accounts Payable 36,163.33
Other Current Liabilities
211-Accrued Interest 34,416.60
Payroll Liabilities
FIT & FICA Payable 1,762.52
SIT Payable 359.60
Total Payroll Liabilities 2,122.12
Total Other Current Liabilities 36,538.72
Total Current Liabilities 72,702.05
Long Term Liabilities
222-Rural Development Loan 1,428,151.78
Total Long Term Liabilities 1,428,151.78
Total Liabilities 1,500,853.83
Equity
255-Contributed Capital 169,294.00
256-Retained Earnings 2,366,065.22
Net Income 68,050.88
Total Equity 2,603,410.10
TOTAL LIABILITIES & EQUITY 4,104,263.93
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Crane Lake Water & Sanitary District
P.O. Box 306 · Crane Lake, Minnesota 55725
© 2001 CLWSD