Crane Lake Water & Sanitary District BALANCE SHEET – PREV. YEAR COMPARE as of 12/31/17 |
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Dec 31, 17 |
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Dec 31, 16 |
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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 |
113,555.38 |
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121,044.72 |
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Debt Service Fund |
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Special Assessment Revenue Fund |
73,737.22 |
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59,461.00 |
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Total Debt Service Fund |
73,737.22 |
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59,461.00 |
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Eastern Service Area Fund |
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IRRRB Grant Fund |
15,652.25 |
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4,988.42 |
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Legacy Grant Fund |
-49,566.95 |
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482.00 |
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Legacy Grant Fund-Kicker Blvd |
59,341.74 |
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0.00 |
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Total Eastern Service Area Fund |
25,427.04 |
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5,470.42 |
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GC Capital Reserve Fund |
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Hookup Fee Fund |
7,500.00 |
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0.00 |
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WIF System Replacement Fund |
2,649.54 |
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2,464.54 |
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Total GC Capital Reserve Fund |
10,149.54 |
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2,464.54 |
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GC Sewer Operating Fund |
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Base Volume Charge Fund |
27,068.78 |
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31,508.85 |
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Service Connection Fund |
350.00 |
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0.00 |
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Total GC Sewer Operating Fund |
27,418.78 |
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31,508.85 |
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Total 100-Orr Bank |
250,287.96 |
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219,949.53 |
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104-Savings-AB-S.A.R. |
98,130.41 |
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57,452.75 |
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105-Savings AB-C.R. |
95,628.45 |
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86,798.65 |
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106-Savings AB-IRRRB |
621.77 |
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146,915.47 |
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Total Checking/Savings |
444,668.59 |
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511,116.40 |
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Accounts Receivable |
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111-Accounts Receivable |
168,251.01 |
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25,481.21 |
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Total Accounts Receivable |
168,251.01 |
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25,481.21 |
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Other Current Assets |
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115-AR/RVS Summary |
-520.81 |
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-2,317.59 |
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Total Other Current Assets |
-520.81 |
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-2,317.59 |
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Total Current Assets |
612,398.79 |
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534,280.02 |
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Fixed Assets |
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140-Land & Land Improvements |
178,236.98 |
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178,236.98 |
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142-Infrastructure |
2,790,272.01 |
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2,790,272.01 |
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144-Building & Improvements |
714,683.00 |
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682,658.00 |
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150-Office Equipment |
7,597.40 |
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7,597.40 |
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155-Equipment |
204,479.04 |
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112,619.54 |
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156-Accum. Depreciate |
-907,113.64 |
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-907,113.64 |
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160-Construction In Progress |
973,161.57 |
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973,161.57 |
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Total Fixed Assets |
3,961,316.36 |
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3,837,431.86 |
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TOTAL ASSETS |
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4,573,715.15 |
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4,371,711.88 |
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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 |
38,217.46 |
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5,427.93 |
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Total Accounts Payable |
38,217.46 |
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5,427.93 |
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Other Current Liabilities |
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211-Accrued Interest |
33,220.69 |
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33,220.69 |
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231-Note Payable |
60,414.00 |
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0.00 |
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Payroll Liabilities |
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FIT & FICA Payable |
1,105.80 |
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2,703.86 |
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SIT Payable |
472.00 |
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375.00 |
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Total Payroll Liabilities |
1,577.80 |
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3,078.86 |
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Total Other Current Liabilities |
95,212.49 |
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36,299.55 |
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Total Current Liabilities |
133,429.95 |
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41,727.48 |
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Long Term Liabilities |
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222-Rural Development Loan |
1,349,689.39 |
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1,376,459.48 |
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Total Long Term Liabilities |
1,349,689.39 |
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1,376,459.48 |
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Total Liabilities |
1,483,119.34 |
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1,418,186.96 |
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Equity |
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255-Contributed Capital |
2,916,568.36 |
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2,916,568.36 |
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256-Retained Earnings |
36,956.56 |
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-59,288.11 |
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Net Income |
137,070.89 |
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96,244.67 |
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Total Equity |
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3,090,595.81 |
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2,953,524.92 |
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TOTAL LIABILITIES & EQUITY |
4,573,715.15 |
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4,371,711.88 |
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