CRANE LAKE WATER & SANITARY DISTRICT TREASURER’S REPORT – DECEMBER 2004 ADMINISTRATIVE & OTHER EXPENSE November Total Year-to-Date December 2004 Beginning Cash Balance  $             5,547  $         208,860  $             5,547 Plus Receipts:    Administrative:       St. Louis County  $           37,423  $      36,537.00  $           73,960       League of Minnesota Cities                   262                   282                   544       State of Minnesota                1,278                1,070                2,348       Other                     71  –                     71   Gold Coast Project:       Special Assessements             161,544               17,172             178,716       Service Connections               10,400  –               10,400       Base Charge               13,100                9,025               22,125       Other                   400                   176                   576   I.S.T.S. Grant – MPCA                7,905  –                7,905       Total Receipts  $         232,383  $           64,262  $         296,645 Total Cash Available  $         237,930  $         273,122  $         302,192 Less Disbursements:    Administrative:       Attorney Fees  $             2,359  $             3,792  $             6,151       Clerical Service                4,290  –                4,290       Consultants  –                   840                   840       Engineering Fees                2,438  –                2,438       Insurance  $             3,326  –                3,326       Supplies & Equipment                2,760                   406                3,166       Other Services                1,802  –                1,802    Gold Coast Project:       NTS Services                   539                6,539                7,078       Chemicals                   590                   259                   849       Utilities                   629                   613                1,242       Other                   337  –                   337    I.S.T.S. Grant – Kuder/Sanborn               10,000  –               10,000       Total Disbursements  $           29,070  $           12,449  $           41,519 Ending Cash Balance  $         208,860  $         260,673  $         260,673 M.J.White 01/04/2005 CRANE LAKE WATER & SANITARY DISTRICT TREASURER’S REPORT – DECEMBER 2004 GOLD COAST PROJECT November 2004 Year-to-Date December Total Beginning Cash Balance  $           15,903  $           14,257  $           15,903 Plus Receipts:       U.S. Army Corps of Engineers               60,567  –               60,567       Rural Development Loan  –  –                       –       Rural Development – Grant             411,012               36,096             447,108       PFA Grant             665,177               25,000             690,177       Other                1,071  –                1,071                       –       Total Receipts  $      1,137,827  $           61,096  $      1,198,923 Total Cash Available  $      1,153,730  $           75,353  $      1,214,826 Less Disbursements:       Admin. Fund  $                      –  $                      –  $                    –       Engineering Fees               97,801                3,303             101,104       Attorney Fees               12,090                3,597               15,687       Consultant Fees                6,083                   750                6,833       License/Permits                   505  –                   505       Financing  –  –                       –       Collection System             545,504               42,493             587,997       Treatment Plant             461,518                6,368             467,886       Utilities                9,523  –                9,523       NTS – Start-up Expense                4,834                4,585                9,419       Other                1,615  –                1,615       Total Disbursements  $      1,139,473  $           61,096  $      1,200,569 Ending Cash Balance  $           14,257  $           14,257  $           14,257 M.J.White 01/04/2005 CRANE LAKE WATER & SANITARY DISTRICT TREASURER’S REPORT – TOTAL YEAR 2004 FUND BALANCES as of 12/31-04 Balance Plus Less Balance 12/31/2003 Receipts Disbursements 12/31/2004 Administrative  $               3,452  $           76,923  $          (22,013)  $           58,362 I.S.T.S. Grant                   2,095                7,905              (10,000)                       – Gold Coast Project:    Construction                 15,903          1,198,923         (1,200,569)               14,257    Special Assessments  –             178,716  –             178,716    Service Connections  –               10,800  –               10,800    Base Charges –               22,125 –               22,125    Volume Rate – 176               (9,506)               (9,330)      Total  $              21,450  $      1,495,568  $     (1,242,088)  $         274,930 MJW 01/05/2005 CRANE LAKE WATER & SANITARY DISTRICT TREASURER’S REPORT – DECEMBER 2004 INVOICES ON HAND – 01/04-05 Amount Administrative       Quill  Office Supplies  $           115.37       Quill  Office Supplies                23.41       Minnesota Rural Water  Dues               195.00       RLK-Kuusisto  ESA               240.00       Glorvigen, Theis, Lind & Co.  Certified Audit            4,000.00         Total Admin.  $        4,573.78 Facilities Oper. & Maint.       Minn. DVS  Gen.Trlr.License  $             18.50       Nagurski Oil  Generator Fuel               203.84       Hawkins  Alum. Sulfate               111.49       Hawkins  Alum. Sulfate               157.98       Anderson’s Outfitters  Mini-Storage(Annual)               605.00       Lake Country Power  Plant               481.36       Lake Country Power  Lift Station                27.00       Northeast Tech. Services  Nov. Operation            5,673.75         Total Oper. & Maint.  $        7,278.92 Facilities Construction       Glorvigen, Theis, Lind & Co  Single Audit  $        3,500.00       Cope & Peterson  Dec 2004 – Easements               330.00       RLK-Kuusisto  Oct 2004 – Construction               755.00       RLK-Kuusisto  Nov 2004 – Hookups            1,650.00       Environmental Financial Group  Nov 2004 – Spec. Assess.               570.00         Total Construction  $        6,805.00    Total Invoices on Hand  $      18,657.70 M.J.White 01/04/2005 CRANE LAKE WATER & SANITARY DISTRICT TREASURER’S REPORT – DECEMBER 2004 GOLD COAST PROJECT SUMMARY 2003 2004 Project Total Total To-Date Beginning Cash Balance  $           17,695  $           15,903  $           17,695 Plus Receipts:       St. Louis County – CDBG  $           25,706  $                       –  $           25,706       U.S. Army Corps of Engineers             142,017               60,567             202,584       Rural Development Loan          1,390,000  –          1,390,000       Rural Development – Grant               42,848             447,108             489,956       PFA Grant  –             690,177             690,177       Other  –                1,071                1,071       Total Receipts  $      1,600,571  $      1,198,923  $      2,799,494 Total Cash Available  $      1,618,266  $      1,214,826  $      2,817,189 Less Disbursements:       Admin. Fund  $           15,000  $                      –  $           15,000       Engineering Fees             195,075             101,104             296,179       Attorney Fees                7,249               15,687               22,936       Consultant Fees               17,930                6,833               24,763       License/Permits                1,156                   505                1,661       Financing             104,691  –             104,691       Collection System             816,089             587,997          1,404,086       Treatment Plant             444,195             467,886             912,081       Utilities  –                9,523                9,523       NTS – Start-up Expense  –                9,419                9,419       Other                   978                1,615                2,593       Total Disbursements  $      1,602,363  $      1,200,569  $      2,802,932 Ending Cash Balance  $           15,903  $           14,257  $           14,257 M.J.White 01/05/2005 CRANE LAKE WATER & SANITARY DISTRICT ADMINISTRATIVE EXPENSE BUDGET COMPARISON 2004 TOTAL YEAR 2004 2004 Actual Budget Actual (More)/Less Beginning Cash Balance  $           15,000  $             3,452  $           11,548 Plus Receipts:    St. Louis County – Levy  $           77,250  $           73,960  $             3,290    State of Minnesota  –                2,348               (2,348)    Gold Coast Project  –  –  –    Other Receipts                1,000                   615                   385       Total Receipts  $           78,250  $           76,923  $             1,327 Total Cash Available  $           93,250  $           80,375  $           12,875 Less Disbursements:       Attorney Fees  $           12,000  $             6,151  $             5,849       Consulting Fees               10,000                   840  $             9,160       Engineering Fees               10,000                2,438                7,562       Clerical Services                5,000                4,290                   710       Supplies & Equipment                3,000                3,166                  (166)       Insurance                3,500  $             3,326                   174       Financial/Audits                1,000  –                1,000       Fees & Memberships                   500  –                   500       Board Direct Expenses                1,500  –                1,500       Other Services                2,000                1,802                   198       Contingency               29,750  –               29,750                       –       Total Disbursements  $           78,250  $           22,013  $           56,237 Ending Cash Balance  $           15,000  $           58,362  $          (43,362) M.J.White 01/05/2005

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