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