| Crane Lake Water & Sanitary District BALANCE SHEET as of 12/31/10 |
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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 |
-5,106.84 |
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Debt Service Fund |
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Special Assessment Revenue Fund |
26,100.00 |
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Total Debt Service Fund |
26,100.00 |
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Eastern Service Area Fund |
77,748.04 |
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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 |
29,408.19 |
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Total GC Sewer Operating Fund |
29,408.19 |
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Total 100-Orr Bank |
129,149.39 |
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104-Savings-AB-S.A.R. |
89,488.12 |
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105-Savings AB-C.R. |
11,470.80 |
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Total Checking/Savings |
230,108.31 |
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Other Current Assets |
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115-AR/RVS Summary |
5,702.28 |
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Total Other Current Assets |
5,702.28 |
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Total Current Assets |
235,810.59 |
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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 |
22,815.28 |
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156-Accum. Depreciate |
-339,881.56 |
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Total Fixed Assets |
3,021,658.69 |
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| TOTAL ASSETS |
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3,257,469.28 |
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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 |
24,891.50 |
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Total Accounts Payable |
24,891.50 |
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Other Current Liabilities |
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211-Accrued Interest |
109,574.72 |
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Payroll Liabilities |
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FIT & FICA Payable |
-16.56 |
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SIT Payable |
99.00 |
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Total Payroll Liabilities |
82.44 |
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Total Other Current Liabilities |
109,657.16 |
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Total Current Liabilities |
134,548.66 |
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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 |
1,464,548.66 |
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Equity |
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255-Contributed Capital |
169,294.00 |
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256-Retained Earnings |
1,539,218.29 |
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Net Income |
84,408.33 |
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Total Equity |
|
1,792,920.62 |
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| TOTAL LIABILITIES & EQUITY |
3,257,469.28 |
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