Crane Lake, Minnesota Water & Sanitary District  
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CLWSD  BALANCE SHEET –  Prev. Year Comparison as of 12/31/15
Dec 31, 15 Dec 31, 14
ASSETS
Current Assets
Checking/Savings
100-Orr Bank
Administrative Fund 104,366.40 83,526.23
Debt Service Fund
Special Assessment Revenue Fund 60,461.00 60,461.00
Total Debt Service Fund 60,461.00 60,461.00
Eastern Service Area Fund
IRRRB Grant Fund 215,977.68 -7,500.00
Legacy Grant Fund -43,645.52 375,000.00
State Bonding Fund 0.00 314,586.00
Total Eastern Service Area Fund 172,332.16 682,086.00
GC Capital Reserve Fund
Operating Reserve Fund 1,000.00 1,000.00
WIF System Replacement Fund 2,268.83 2,063.46
Total GC Capital Reserve Fund 3,268.83 3,063.46
GC Sewer Operating Fund
Base Volume Charge Fund 30,510.80 31,321.31
Infrastructure Settle Fund 48,655.23 82,912.80
Service Connection Fund 5,350.00 3,250.00
Total GC Sewer Operating Fund 84,516.03 117,484.11
Insurance Claim Fund -5,128.88 -42,284.23
Total 100-Orr Bank 419,815.54 904,336.57
104-Savings-AB-S.A.R. 34,499.27 40,122.01
105-Savings AB-C.R. 28,846.73 23,649.27
Total Checking/Savings 483,161.54 968,107.85
Accounts Receivable
111-Accounts Receivable 55,574.23 54,249.73
Total Accounts Receivable 55,574.23 54,249.73
Other Current Assets
115-AR/RVS Summary 3,531.33 3,865.69
Undeposited Funds 872.90 0.00
Total Other Current Assets 4,404.23 3,865.69
Total Current Assets 543,140.00 1,026,223.27
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 103,787.66 99,157.66
156-Accum. Depreciate -703,260.61 -703,260.61
160-Construction In Progress 730,379.00 0.00
Total Fixed Assets 3,789,478.12 3,054,469.12
TOTAL ASSETS 4,332,618.12 4,080,692.39
LIABILITIES & EQUITY
Liabilities
Current Liabilities
Accounts Payable
201-Accounts Payable 24,350.08 42,843.15
Total Accounts Payable 24,350.08 42,843.15
Other Current Liabilities
211-Accrued Interest 34,416.59 34,416.59
Payroll Liabilities
FIT & FICA Payable 1,707.78 1,489.34
SIT Payable 238.57 237.57
Total Payroll Liabilities 1,946.35 1,726.91
Total Other Current Liabilities 36,362.94 36,143.50
Total Current Liabilities 60,713.02 78,986.65
Long Term Liabilities
222-Rural Development Loan 1,402,608.53 1,428,150.94
Total Long Term Liabilities 1,402,608.53 1,428,150.94
Total Liabilities 1,463,321.55 1,507,137.59
Equity
255-Contributed Capital 169,294.00 169,294.00
256-Retained Earnings 2,404,260.80 2,272,524.31
Net Income 295,741.77 131,736.49
Total Equity 2,869,296.57 2,573,554.80
TOTAL LIABILITIES & EQUITY 4,332,618.12 4,080,692.39
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Crane Lake Water & Sanitary District
P.O. Box 306 · Crane Lake, Minnesota 55725
© 2001 CLWSD