| Crane Lake Water & Sanitary District – BALANCE SHEET as of 2/29/08 |
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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 |
50,191.31 |
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Debt Service Fund |
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Special Assessment Revenue Fund |
13,436.81 |
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Total Debt Service Fund |
13,436.81 |
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GC Capital Reserve Fund |
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Hookup Fee Fund |
14,300.00 |
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Operating Reserve Fund |
11,950.00 |
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Total GC Capital Reserve Fund |
26,250.00 |
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GC Sewer Operating Fund |
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Base Volume Charge Fund |
18,267.64 |
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Service Connection Fund |
13,700.00 |
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Total GC Sewer Operating Fund |
31,967.64 |
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ISTS Fund |
2,772.00 |
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Total 100-Orr Bank |
124,617.76 |
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Total Checking/Savings |
124,617.76 |
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Other Current Assets |
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115-AR/RVS Summary |
7,383.17 |
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Total Other Current Assets |
7,383.17 |
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Total Current Assets |
132,000.93 |
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Fixed Assets |
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140-Land |
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15,024.00 |
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150-Office Equipment |
5,865.60 |
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151-Accumulated Depr. Off.Equip |
-2,968.00 |
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155-Equipment |
8,265.00 |
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156-Accum. Depreciate Equip |
-787.14 |
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160-Construction In Progress |
3,317,835.51 |
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Total Fixed Assets |
3,343,234.97 |
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| TOTAL ASSETS |
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3,475,235.90 |
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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 |
43,747.44 |
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Total Accounts Payable |
43,747.44 |
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Other Current Liabilities |
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Payroll Liabilities |
1,333.22 |
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Total Other Current Liabilities |
1,333.22 |
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Total Current Liabilities |
45,080.66 |
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Long Term Liabilities |
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222-Rural Development Loan |
1,297,250.00 |
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Total Long Term Liabilities |
1,297,250.00 |
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Total Liabilities |
1,342,330.66 |
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Equity |
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255-Contributed Capital |
169,294.00 |
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256-Retained Earnings |
1,996,777.06 |
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Net Income |
-33,165.82 |
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Total Equity |
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2,132,905.24 |
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| TOTAL LIABILITIES & EQUITY |
3,475,235.90 |
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