| Crane Lake Water & Sanitary District BALANCE SHEET as of May 31, 2009 |
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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 |
-500.61 |
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GC Capital Reserve Fund |
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Operating Reserve Fund |
1,000.00 |
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Total GC Capital Reserve Fund |
1,000.00 |
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GC Sewer Operating Fund |
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Base Volume Charge Fund |
22,000.67 |
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Total GC Sewer Operating Fund |
22,000.67 |
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Total 100-Orr Bank |
22,500.06 |
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104-Savings-AB-S.A.R. |
50,476.01 |
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105-Savings AB-C.R. |
23,712.12 |
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Total Checking/Savings |
96,688.19 |
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Other Current Assets |
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115-AR/RVS Summary |
3,587.60 |
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Total Other Current Assets |
3,587.60 |
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Total Current Assets |
100,275.79 |
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Fixed Assets |
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140-Land & Land Improvements |
177,560.63 |
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142-Infrastructure |
2,472,640.74 |
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144-Building & Improvements |
682,658.00 |
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150-Office Equipment |
5,865.60 |
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155-Equipment |
10,084.67 |
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156-Accum. Depreciate |
-171,650.91 |
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Total Fixed Assets |
3,177,158.73 |
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| TOTAL ASSETS |
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3,277,434.52 |
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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 |
6,930.41 |
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Total Accounts Payable |
6,930.41 |
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Other Current Liabilities |
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211-Accrued Interest |
55,946.32 |
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Payroll Liabilities |
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FIT & FICA Payable |
3,609.18 |
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FUTA Payable |
376.85 |
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SIT Payable |
695.00 |
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Payroll Liabilities – Other |
-2,180.55 |
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Total Payroll Liabilities |
2,500.48 |
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Total Other Current Liabilities |
58,446.80 |
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Total Current Liabilities |
65,377.21 |
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Long Term Liabilities |
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222-Rural Development Loan |
1,330,000.00 |
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Total Long Term Liabilities |
1,330,000.00 |
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Total Liabilities |
1,395,377.21 |
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Equity |
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255-Contributed Capital |
169,294.00 |
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256-Retained Earnings |
1,697,247.74 |
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Net Income |
15,515.57 |
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Total Equity |
|
1,882,057.31 |
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| TOTAL LIABILITIES & EQUITY |
3,277,434.52 |
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