| Crane Lake Water & Sanitary District BALANCE SHEET as of 8/31/09 |
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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 |
5,358.79 |
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GC Capital Reserve Fund |
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Operating Reserve Fund |
1,000.00 |
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Total GC Capital Reserve Fund |
1,000.00 |
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GC Sewer Operating Fund |
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Base Volume Charge Fund |
25,997.41 |
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Total GC Sewer Operating Fund |
25,997.41 |
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Total 100-Orr Bank |
32,356.20 |
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104-Savings-AB-S.A.R. |
61,867.91 |
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105-Savings AB-C.R. |
23,834.34 |
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Total Checking/Savings |
118,058.45 |
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Other Current Assets |
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115-AR/RVS Summary |
6,201.81 |
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Total Other Current Assets |
6,201.81 |
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Total Current Assets |
124,260.26 |
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Fixed Assets |
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140-Land & Land Improvements |
177,560.63 |
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142-Infrastructure |
2,472,640.74 |
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144-Building & Improvements |
682,658.00 |
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150-Office Equipment |
5,865.60 |
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155-Equipment |
10,084.67 |
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156-Accum. Depreciate |
-255,647.09 |
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Total Fixed Assets |
3,093,162.55 |
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| TOTAL ASSETS |
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3,217,422.81 |
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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 |
14,086.04 |
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Total Accounts Payable |
14,086.04 |
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Other Current Liabilities |
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211-Accrued Interest |
54,712.22 |
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Payroll Liabilities |
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FIT & FICA Payable |
952.04 |
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FUTA Payable |
128.10 |
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SIT Payable |
284.00 |
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SUTA Payable |
18.40 |
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Total Payroll Liabilities |
1,382.54 |
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Total Other Current Liabilities |
56,094.76 |
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Total Current Liabilities |
70,180.80 |
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Long Term Liabilities |
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222-Rural Development Loan |
1,330,000.00 |
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Total Long Term Liabilities |
1,330,000.00 |
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Total Liabilities |
1,400,180.80 |
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Equity |
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255-Contributed Capital |
169,294.00 |
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256-Retained Earnings |
1,615,165.43 |
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Net Income |
32,782.58 |
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Total Equity |
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1,817,242.01 |
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| TOTAL LIABILITIES & EQUITY |
3,217,422.81 |
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