Crane Lake, Minnesota Water & Sanitary District  
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Crane Lake Water & Sanitary District BALANCE SHEET – PREV. YEAR COMPARE as of 12/31/17
Dec 31, 17 Dec 31, 16
ASSETS
Current Assets
Checking/Savings
100-Orr Bank
Administrative Fund 113,555.38 121,044.72
Debt Service Fund
Special Assessment Revenue Fund 73,737.22 59,461.00
Total Debt Service Fund 73,737.22 59,461.00
Eastern Service Area Fund
IRRRB Grant Fund 15,652.25 4,988.42
Legacy Grant Fund -49,566.95 482.00
Legacy Grant Fund-Kicker Blvd 59,341.74 0.00
Total Eastern Service Area Fund 25,427.04 5,470.42
GC Capital Reserve Fund
Hookup Fee Fund 7,500.00 0.00
WIF System Replacement Fund 2,649.54 2,464.54
Total GC Capital Reserve Fund 10,149.54 2,464.54
GC Sewer Operating Fund
Base Volume Charge Fund 27,068.78 31,508.85
Service Connection Fund 350.00 0.00
Total GC Sewer Operating Fund 27,418.78 31,508.85
Total 100-Orr Bank 250,287.96 219,949.53
104-Savings-AB-S.A.R. 98,130.41 57,452.75
105-Savings AB-C.R. 95,628.45 86,798.65
106-Savings AB-IRRRB 621.77 146,915.47
Total Checking/Savings 444,668.59 511,116.40
Accounts Receivable
111-Accounts Receivable 168,251.01 25,481.21
Total Accounts Receivable 168,251.01 25,481.21
Other Current Assets
115-AR/RVS Summary -520.81 -2,317.59
Total Other Current Assets -520.81 -2,317.59
Total Current Assets 612,398.79 534,280.02
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 714,683.00 682,658.00
150-Office Equipment 7,597.40 7,597.40
155-Equipment 204,479.04 112,619.54
156-Accum. Depreciate -907,113.64 -907,113.64
160-Construction In Progress 973,161.57 973,161.57
Total Fixed Assets 3,961,316.36 3,837,431.86
TOTAL ASSETS 4,573,715.15 4,371,711.88
LIABILITIES & EQUITY
Liabilities
Current Liabilities
Accounts Payable
201-Accounts Payable 38,217.46 5,427.93
Total Accounts Payable 38,217.46 5,427.93
Other Current Liabilities
211-Accrued Interest 33,220.69 33,220.69
231-Note Payable 60,414.00 0.00
Payroll Liabilities
FIT & FICA Payable 1,105.80 2,703.86
SIT Payable 472.00 375.00
Total Payroll Liabilities 1,577.80 3,078.86
Total Other Current Liabilities 95,212.49 36,299.55
Total Current Liabilities 133,429.95 41,727.48
Long Term Liabilities
222-Rural Development Loan 1,349,689.39 1,376,459.48
Total Long Term Liabilities 1,349,689.39 1,376,459.48
Total Liabilities 1,483,119.34 1,418,186.96
Equity
255-Contributed Capital 2,916,568.36 2,916,568.36
256-Retained Earnings 36,956.56 -59,288.11
Net Income 137,070.89 96,244.67
Total Equity 3,090,595.81 2,953,524.92
TOTAL LIABILITIES & EQUITY 4,573,715.15 4,371,711.88
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Crane Lake Water & Sanitary District
P.O. Box 306 · Crane Lake, Minnesota 55725
© 2001 CLWSD