| Crane Lake Water & Sanitary District BALANCE SHEET as of May 31, 2011 |
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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 |
-25,595.05 |
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Debt Service Fund |
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Special Assessment Revenue Fund |
1,443.60 |
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Total Debt Service Fund |
1,443.60 |
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Eastern Service Area Fund |
57,817.61 |
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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 |
26,418.09 |
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Total GC Sewer Operating Fund |
26,418.09 |
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Total 100-Orr Bank |
61,084.25 |
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104-Savings-AB-S.A.R. |
89,598.45 |
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105-Savings AB-C.R. |
1,689.39 |
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Total Checking/Savings |
152,372.09 |
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Other Current Assets |
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115-AR/RVS Summary |
4,290.02 |
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Total Other Current Assets |
4,290.02 |
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Total Current Assets |
156,662.11 |
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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 |
40,297.38 |
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156-Accum. Depreciate |
-339,881.56 |
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Total Fixed Assets |
3,039,140.79 |
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| TOTAL ASSETS |
|
3,195,802.90 |
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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 |
32,616.73 |
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Total Accounts Payable |
32,616.73 |
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Other Current Liabilities |
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211-Accrued Interest |
109,574.72 |
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Payroll Liabilities |
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FIT & FICA Payable |
927.08 |
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SIT Payable |
270.00 |
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Total Payroll Liabilities |
1,197.08 |
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Total Other Current Liabilities |
110,771.80 |
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Total Current Liabilities |
143,388.53 |
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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 |
1,473,388.53 |
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Equity |
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255-Contributed Capital |
169,294.00 |
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256-Retained Earnings |
1,621,472.84 |
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Net Income |
-68,352.47 |
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Total Equity |
|
1,722,414.37 |
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| TOTAL LIABILITIES & EQUITY |
3,195,802.90 |
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