| Crane Lake Water & Sanitary District Balance Sheet as of May 31, 2008 |
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| ASSETS |
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|
|
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Current Assets |
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|
Checking/Savings |
|
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|
100-Orr Bank |
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|
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Administrative Fund |
44,746.65 |
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|
GC Capital Reserve Fund |
|
|
|
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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|
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Base Volume Charge Fund |
18,749.87 |
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|
Service Connection Fund |
14,050.00 |
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Total GC Sewer Operating Fund |
32,799.87 |
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|
ISTS Fund |
2,772.00 |
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|
Total 100-Orr Bank |
106,568.52 |
|
|
103-CD 0001-AB |
13,117.96 |
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|
104-Savings-AB |
4,438.79 |
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Total Checking/Savings |
124,125.27 |
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|
Other Current Assets |
|
|
|
115-AR/RVS Summary |
8,123.88 |
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Total Other Current Assets |
8,123.88 |
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|
Total Current Assets |
132,249.15 |
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|
Fixed Assets |
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|
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|
140-Land |
|
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 |
|
3,475,484.12 |
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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 |
49,680.94 |
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Total Accounts Payable |
49,680.94 |
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|
Other Current Liabilities |
|
|
|
Payroll Liabilities |
2,519.55 |
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Total Other Current Liabilities |
2,519.55 |
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|
Total Current Liabilities |
52,200.49 |
|
|
Long Term Liabilities |
|
|
|
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 |
1,349,450.49 |
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Equity |
|
|
|
|
255-Contributed Capital |
169,294.00 |
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|
256-Retained Earnings |
1,996,777.06 |
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|
Net Income |
-40,037.43 |
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Total Equity |
|
2,126,033.63 |
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| TOTAL LIABILITIES & EQUITY |
3,475,484.12 |
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|
