Crane Lake, Minnesota Water & Sanitary District  
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CLWSD – FINAL Balance Sheet as of June 30, 2008 09/03/2008
ASSETS
Current Assets
Checking/Savings
100-Orr Bank
Administrative Fund 38,613.37
GC Capital Reserve Fund
Hookup Fee Fund 14,300.00
Operating Reserve Fund 11,950.00
Total GC Capital Reserve Fund 26,250.00
GC Sewer Operating Fund
Base Volume Charge Fund 20,669.98
Service Connection Fund 14,050.00
Total GC Sewer Operating Fund 34,719.98
ISTS Fund 2,772.00
Total 100-Orr Bank 102,355.35
103-CD 0001-AB 13,117.96
104-Savings-AB 4,460.92
Total Checking/Savings 119,934.23
Other Current Assets
115-AR/RVS Summary 7,903.19
Total Other Current Assets 7,903.19
Total Current Assets 127,837.42
Fixed Assets
140-Land 15,024.00
150-Office Equipment 5,865.60
151-Accumulated Depr. Off.Equip -2,968.00
155-Equipment 8,265.00
156-Accum. Depreciate Equip -787.14
160-Construction In Progress 3,317,835.51
Total Fixed Assets 3,343,234.97
TOTAL ASSETS 3,471,072.39
LIABILITIES & EQUITY
Liabilities
Current Liabilities
Accounts Payable
201-Accounts Payable 51,555.23
Total Accounts Payable 51,555.23
Other Current Liabilities
Payroll Liabilities 395.23
Total Other Current Liabilities 395.23
Total Current Liabilities 51,950.46
Long Term Liabilities
222-Rural Development Loan 1,297,250.00
Total Long Term Liabilities 1,297,250.00
Total Liabilities 1,349,200.46
Equity
255-Contributed Capital 169,294.00
256-Retained Earnings 1,996,777.06
Net Income -44,199.13
Total Equity 2,121,871.93
TOTAL LIABILITIES & EQUITY 3,471,072.39
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Crane Lake Water & Sanitary District
P.O. Box 306 · Crane Lake, Minnesota 55725
© 2001 CLWSD