Crane Lake, Minnesota Water & Sanitary District  
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Crane Lake Water & Sanitary District  BALANCE SHEET as of July 31, 2012
ASSETS
Current Assets
Checking/Savings
100-Orr Bank
Administrative Fund 38,477.54
Debt Service Fund
Special Assessment Revenue Fund 1,000.00
Total Debt Service Fund 1,000.00
Eastern Service Area Fund 2,559.15
GC Capital Reserve Fund
Operating Reserve Fund 1,000.00
Total GC Capital Reserve Fund 1,000.00
GC Sewer Operating Fund
Base Volume Charge Fund 34,295.28
Service Connection Fund 1,250.00
Total GC Sewer Operating Fund 35,545.28
Total 100-Orr Bank 78,581.97
104-Savings-AB-S.A.R. 71,774.60
105-Savings AB-C.R. 5,699.26
Total Checking/Savings 156,055.83
Other Current Assets
115-AR/RVS Summary 7,391.07
Total Other Current Assets 7,391.07
Total Current Assets 163,446.90
Fixed Assets
140-Land & Land Improvements 177,560.63
142-Infrastructure 2,472,640.74
144-Building & Improvements 682,658.00
150-Office Equipment 5,865.60
155-Equipment 40,297.38
156-Accum. Depreciate -425,653.24
160-Construction In Progress 42,265.31
Total Fixed Assets 2,995,634.42
TOTAL ASSETS 3,159,081.32
LIABILITIES & EQUITY
Liabilities
Current Liabilities
Accounts Payable
201-Accounts Payable 12,491.70
Total Accounts Payable 12,491.70
Other Current Liabilities
211-Accrued Interest 26,001.57
Payroll Liabilities
FIT & FICA Payable 672.83
SIT Payable 223.00
Total Payroll Liabilities 895.83
Total Other Current Liabilities 26,897.40
Total Current Liabilities 39,389.10
Long Term Liabilities
222-Rural Development Loan 1,453,102.46
Total Long Term Liabilities 1,453,102.46
Total Liabilities 1,492,491.56
Equity
255-Contributed Capital 169,294.00
256-Retained Earnings 1,476,151.58
Net Income 21,144.18
Total Equity 1,666,589.76
TOTAL LIABILITIES & EQUITY 3,159,081.32
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Crane Lake Water & Sanitary District
P.O. Box 306 · Crane Lake, Minnesota 55725
© 2001 CLWSD