Crane Lake, Minnesota Water & Sanitary District  
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Crane Lake Water & Sanitary District BALANCE SHEET Prev Yr Comp 3/31/18
Dec 31, 18 Dec 31, 17
ASSETS
Current Assets
Checking/Savings
100-Orr Bank
Administrative Fund 89,084.50 113,555.38
Debt Service Fund
Special Assessment Revenue Fund 59,461.00 73,737.22
Total Debt Service Fund 59,461.00 73,737.22
Eastern Service Area Fund
IRRRB Grant Fund 0.00 15,652.25
Legacy Grant Fund -84,264.21 -48,526.95
Legacy Grant Fund-Kicker Blvd 59,341.74 59,341.74
Total Eastern Service Area Fund -24,922.47 26,467.04
GC Capital Reserve Fund
Hookup Fee Fund 0.00 7,500.00
Operating Reserve Fund 50,000.00 0.00
WIF System Replacement Fund 2,825.54 2,649.54
Total GC Capital Reserve Fund 52,825.54 10,149.54
GC Sewer Operating Fund
Base Volume Charge Fund 40,834.65 26,670.78
Service Connection Fund 39,400.00 350.00
Total GC Sewer Operating Fund 80,234.65 27,020.78
Total 100-Orr Bank 256,683.22 250,929.96
104-Savings-AB-S.A.R. 79,209.14 98,130.41
105-Savings AB-C.R. 52,780.38 95,628.45
106-Savings AB-IRRRB 0.00 621.77
107-SavingsAB-Debt Service 54,966.08 0.00
Total Checking/Savings 443,638.82 445,310.59
Accounts Receivable
111-Accounts Receivable 64,713.64 145,751.01
Total Accounts Receivable 64,713.64 145,751.01
Other Current Assets
115-AR/RVS Summary -4,266.63 -122.81
Total Other Current Assets -4,266.63 -122.81
Total Current Assets 504,085.83 590,938.79
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 714,683.00 714,683.00
150-Office Equipment 7,597.40 7,597.40
155-Equipment 347,245.66 204,479.04
156-Accum. Depreciate -1,010,803.76 -1,010,803.76
160-Construction In Progress 1,138,856.38 1,138,856.38
Total Fixed Assets 4,166,087.67 4,023,321.05
TOTAL ASSETS 4,670,173.50 4,614,259.84
LIABILITIES & EQUITY
Liabilities
Current Liabilities
Accounts Payable
201-Accounts Payable 56,743.65 42,991.46
Total Accounts Payable 56,743.65 42,991.46
Other Current Liabilities
211-Accrued Interest 32,601.35 32,601.35
231-Note Payable 57,988.43 60,414.00
Payroll Liabilities
FIT & FICA Payable 1,141.94 1,105.80
SIT Payable 512.00 472.00
Total Payroll Liabilities 1,653.94 1,577.80
Total Other Current Liabilities 92,243.72 94,593.15
Total Current Liabilities 148,987.37 137,584.61
Long Term Liabilities
222-Rural Development Loan 1,322,283.53 1,349,689.39
Total Long Term Liabilities 1,322,283.53 1,349,689.39
Total Liabilities 1,471,270.90 1,487,274.00
Equity
255-Contributed Capital 2,916,568.36 2,916,568.36
256-Retained Earnings 210,417.48 101,844.85
Net Income 71,916.76 108,572.63
Total Equity 3,198,902.60 3,126,985.84
TOTAL LIABILITIES & EQUITY 4,670,173.50 4,614,259.84
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Crane Lake Water & Sanitary District
P.O. Box 306 · Crane Lake, Minnesota 55725
© 2001 CLWSD