| Crane Lake Water &
Sanitary District BALANCE SHEET Prev
Year Comparison as of 12/31/19 | |
| Dec 31, 19 | Dec 31, 18 | | ASSETS | | Current Assets | | Checking/Savings | | 100-Orr Bank | | Administrative Fund | 67,026.04 | 89,084.50 | | Debt Service Fund | | Special Assessment Revenue Fund | 59,461.00 | 59,461.00 | | Total Debt Service Fund | 59,461.00 | 59,461.00 | | Eastern Service Area Fund | | Legacy Grant Fund | 0.00 | -84,264.21 | | Legacy Grant Fund-Kicker Blvd | 48,792.86 | 59,341.74 | | Total Eastern Service
Area Fund | 48,792.86 | -24,922.47 | | GC Capital Reserve Fund | | Operating Reserve Fund | 0.00 | 50,000.00 | | WIF System Replacement Fund | 2,996.54 | 2,825.54 | | Total GC Capital Reserve
Fund | 2,996.54 | 52,825.54 | | GC Sewer Operating Fund | | Base Volume Charge Fund | 33,144.80 | 40,834.65 | | Service Connection Fund | 0.00 | 39,400.00 | | Total GC Sewer Operating
Fund | 33,144.80 | 80,234.65 | | Total 100-Orr Bank | 211,421.24 | 256,683.22 | | 104-Savings-AB-S.A.R. | 46,422.55 | 79,209.14 | | 105-Savings AB-C.R. | 113,010.84 | 52,780.38 | | 107-SavingsAB-Debt
Service | 184,916.17 | 54,966.08 | | Total Checking/Savings | 555,770.80 | 443,638.82 | | Accounts Receivable | | 111-Accounts Receivable | 62,351.08 | 57,213.64 | | Total Accounts Receivable | 62,351.08 | 57,213.64 | | Other Current Assets | | 115-AR/RVS Summary | -2,630.11 | -4,261.26 | | Total Other Current
Assets | -2,630.11 | -4,261.26 | | Total Current Assets | 615,491.77 | 496,591.20 | | Fixed Assets | | 140-Land & Land
Improvements | 205,573.49 | 205,573.49 | | 142-Infrastructure | 4,084,485.88 | 4,084,485.88 | | 144-Building &
Improvements | 714,683.00 | 714,683.00 | | 150-Office Equipment | 10,180.49 | 7,597.40 | | 155-Equipment | 347,836.08 | 347,245.66 | | 156-Accum. Depreciate | -1,169,362.26 | -1,169,362.26 | | 160-Construction In
Progress | 548,730.64 | 548,730.64 | | Total Fixed Assets | 4,742,127.32 | 4,738,953.81 | | TOTAL
ASSETS | 5,357,619.09 | 5,235,545.01 | | LIABILITIES
& EQUITY | | Liabilities | | Current Liabilities | | Accounts Payable | | 201-Accounts Payable | 8,168.73 | 56,468.65 | | Total Accounts Payable | 8,168.73 | 56,468.65 | | Other Current Liabilities | | 211-Accrued Interest | 31,967.31 | 31,967.31 | | 231-Note Payable | 53,622.12 | 57,988.43 | | Payroll Liabilities | | FIT & FICA Payable | 857.00 | 1,141.94 | | SIT Payable | 423.00 | 512.00 | | Total Payroll Liabilities | 1,280.00 | 1,653.94 | | Total Other Current
Liabilities | 86,869.43 | 91,609.68 | | Total Current Liabilities | 95,038.16 | 148,078.33 | | Long Term Liabilities | | 222-Rural Development
Loan | 1,294,140.19 | 1,322,283.53 | | Total Long Term
Liabilities | 1,294,140.19 | 1,322,283.53 | | Total Liabilities | 1,389,178.35 | 1,470,361.86 | | Equity | | 255-Net Invest in Capital
Asset | 3,186,083.80 | 3,186,083.80 | | 256-Retained Earnings | 579,099.35 | 507,736.88 | | Net Income | 203,257.59 | 71,362.47 | | Total Equity | 3,968,440.74 | 3,765,183.15 | | TOTAL
LIABILITIES & EQUITY | 5,357,619.09 | 5,235,545.01 |
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