| Crane Lake Water & Sanitary District BALANCE SHEET as of Jan 31. 2008 |
03/04/2008 |
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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 |
52,199.67 |
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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 |
11,256.85 |
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Service Connection Fund |
13,700.00 |
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Total GC Sewer Operating Fund |
24,956.85 |
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Insurance Claim Fund |
15,411.65 |
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ISTS Fund |
2,772.00 |
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Total 100-Orr Bank |
135,026.98 |
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Total Checking/Savings |
135,026.98 |
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Other Current Assets |
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115-AR/RVS Summary |
7,131.07 |
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Total Other Current Assets |
7,131.07 |
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Total Current Assets |
142,158.05 |
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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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3,485,393.02 |
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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 |
57,395.33 |
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Total Accounts Payable |
57,395.33 |
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Other Current Liabilities |
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Payroll Liabilities |
866.31 |
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Total Other Current Liabilities |
866.31 |
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Total Current Liabilities |
58,261.64 |
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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 |
1,355,511.64 |
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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 |
-36,189.68 |
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Total Equity |
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2,129,881.38 |
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| TOTAL LIABILITIES & EQUITY |
3,485,393.02 |
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