| Crane Lake Water & Sanitary District BALANCE SHEET as of 12/31/08 |
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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 |
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31,482.72 |
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Debt Service Fund |
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Special Assessment Revenue Fund |
23,048.69 |
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Total Debt Service Fund |
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23,048.69 |
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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 |
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1,000.00 |
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GC Sewer Operating Fund |
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Base Volume Charge Fund |
9,381.22 |
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Total GC Sewer Operating Fund |
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9,381.22 |
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Total 100-Orr Bank |
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64,912.63 |
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104-Savings-AB-S.A.R. |
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36,896.55 |
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105-Savings AB-C.R. |
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25,406.50 |
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Total Checking/Savings |
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127,215.68 |
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Other Current Assets |
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115-AR/RVS Summary |
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2,134.44 |
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Total Other Current Assets |
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2,134.44 |
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Total Current Assets |
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129,350.12 |
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Fixed Assets |
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140-Land & Land Improvements |
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174,935.83 |
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142-Infrastructure |
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2,472,640.74 |
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144-Building & Improvements |
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682,658.00 |
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150-Office Equipment |
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5,865.60 |
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155-Equipment |
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8,265.00 |
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156-Accum. Depreciate |
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-87,654.73 |
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160-Construction In Progress |
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2,625.00 |
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Total Fixed Assets |
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3,259,335.44 |
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| TOTAL ASSETS |
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3,388,685.56 |
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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 |
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51,760.19 |
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Total Accounts Payable |
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51,760.19 |
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Other Current Liabilities |
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211-Accrued Interest |
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57,180.42 |
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Payroll Liabilities |
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485.88 |
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Total Other Current Liabilities |
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57,666.30 |
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Total Current Liabilities |
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109,426.49 |
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Long Term Liabilities |
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222-Rural Development Loan |
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1,297,250.00 |
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Total Long Term Liabilities |
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1,297,250.00 |
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Total Liabilities |
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1,406,676.49 |
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Equity |
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255-Contributed Capital |
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169,294.00 |
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256-Retained Earnings |
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1,855,652.16 |
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Net Income |
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-42,937.09 |
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Total Equity |
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1,982,009.07 |
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| TOTAL LIABILITIES & EQUITY |
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3,388,685.56 |
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