CRANE LAKE WATER & SANITARY DISTRICT TREASURER’S REPORT – NOVEMBER 2004 ADMINISTRATIVE & OTHER EXPENSE October November Year-to-Date November Year-To-Date Beginning Cash Balance  $             5,547  $         199,462  $             5,547 Plus Receipts:    Administrative:       St. Louis County  $           37,423  $                      –  $           37,423       League of Minnesota Cities                   262  –                   262       State of Minnesota                   220                1,058                1,278       Other                     71  –                     71   Gold Coast Project:       Special Assessements             155,318                6,226             161,544       Service Connections                9,200                1,200               10,400       Base Charge                9,750                3,350               13,100       Other                   200                   200                   400   I.S.T.S. Grant – MPCA                7,905  –                7,905       Total Receipts  $         220,349  $           12,034  $         232,383 Total Cash Available  $         225,896  $         211,496  $         237,930 Less Disbursements:    Administrative:       Attorney Fees  $             2,359  $                      –  $             2,359       Clerical Service                2,884                1,406                4,290       Consultants  –  –                       –       Engineering Fees                2,438  –                2,438       Insurance  $             3,326  –                3,326       Supplies & Equipment                2,760  –                2,760       Other Services                1,712                     90                1,802    Gold Coast Project:       NTS Services  –                   539                   539       Chemicals                   292                   298                   590       Utilities                   457                   172                   629       Other                   206                   131                   337    I.S.T.S. Grant – Kuder/Sanborn               10,000  –               10,000       Total Disbursements  $           26,434  $             2,636  $           29,070 Ending Cash Balance  $         199,462  $         208,860  $         208,860 M.J.White 11/28/2004 CRANE LAKE WATER & SANITARY DISTRICT TREASURER’S REPORT – NOVEMBER 2004 GOLD COAST PROJECT October November Year-to-Date November Year-To-Date Beginning Cash Balance  $           15,903  $           14,257  $           15,903 Plus Receipts:       U.S. Army Corps of Engineers               60,567  –               60,567       Rural Development Loan  –  –                       –       Rural Development – Grant             411,012  –             411,012       PFA Grant             635,508               29,669             665,177       Other                1,071  –                1,071                       –       Total Receipts  $      1,108,158  $           29,669  $      1,137,827 Total Cash Available  $      1,124,061  $           43,926  $      1,153,730 Less Disbursements:       Admin. Fund  $                      –  $                      –  $                    –       Engineering Fees               97,801  –               97,801       Attorney Fees               12,090  –               12,090       Consultant Fees                6,083  –                6,083       License/Permits                   505  –                   505       Financing  –  –                       –       Collection System             531,284               14,220             545,504       Treatment Plant             446,069               15,449             461,518       Utilities                9,523  –                9,523       NTS – Start-up Expense                4,834  –                4,834       Other                1,615  –                1,615       Total Disbursements  $      1,109,804  $           29,669  $      1,139,473 Ending Cash Balance  $           14,257  $           14,257  $           14,257 M.J.White 11/28/2004 CRANE LAKE WATER & SANITARY DISTRICT TREASURER’S REPORT – NOVEMBER 2004 YTD FUND BALANCES as of 11/30-04 Balance Plus Less Balance 12/31/2003 Receipts Disbursements 11/30/2004 Administrative  $               3,452  $           39,034  $          (16,975)  $           25,511 I.S.T.S. Grant                   2,095                7,905              (10,000)                       – Gold Coast Project:    Construction                 15,903          1,137,827         (1,139,473)               14,257    Special Assessments  –             161,544  –             161,544    Service Connections  –               10,800  –               10,800    Base Charges –               13,100 –               13,100    Volume Rate – –               (2,095)               (2,095)      Total  $              21,450  $      1,370,210  $     (1,168,543)  $         223,117 MJW 11/28/2004 CRANE LAKE WATER & SANITARY DISTRICT TREASURER’S REPORT – NOVEMBER 2004 RECEIPTS/INVOICES ON HAND Amount Administrative     Receipts on Hand       None $          -0-     Invoices on Hand       Quill  Office Supplies  $           164.20       Frybergr Firm  Legal/April-Oct            3,791.47         Total  $        3,955.67 Gold Coast Project    Receipts on Hand       System Users  Base Charges  $        3,975.00    Invoices on Hand       Hawkins  Chemicals  $           176.70       Hawkins  Chemicals                82.00       Lake Country Power  Nov. Power               405.00       RLK-Kuusisto  Oct. Eng. Fees            8,078.75       Northeast Tech. Services  Oct. Charges            6,538.75       Environmental Financial Serv  Oct. Charges               840.00         Total  $      16,121.20 M.J.White 11/28/2004 CRANE LAKE WATER & SANITARY DISTRICT TREASURER’S REPORT – NOVEMBER 2004 GOLD COAST PROJECT SUMMARY 2003 Nov. 2004 Project Total Year-To-Date To-Date Beginning Cash Balance  $           17,695  $           15,903  $           17,695 Plus Receipts:       St. Louis County – CDBG  $           25,706  $                       –  $           25,706       U.S. Army Corps of Engineers             142,017               60,567             202,584       Rural Development Loan          1,390,000  –          1,390,000       Rural Development – Grant               42,848             411,012             453,860       PFA Grant  –             665,177             665,177       Other  –                1,071                1,071       Total Receipts  $      1,600,571  $      1,137,827  $      2,738,398 Total Cash Available  $      1,618,266  $      1,153,730  $      2,756,093 Less Disbursements:       Admin. Fund  $           15,000  $                      –  $           15,000       Engineering Fees             195,075               97,801             292,876       Attorney Fees                7,249               12,090               19,339       Consultant Fees               17,930                6,083               24,013       License/Permits                1,156                   505                1,661       Financing             104,691  –             104,691       Collection System             816,089             545,504          1,361,593       Treatment Plant             444,195             461,518             905,713       Utilities  –                9,523                9,523       NTS – Start-up Expense  –                4,834                4,834       Other                   978                1,615                2,593       Total Disbursements  $      1,602,363  $      1,139,473  $      2,741,836 Ending Cash Balance  $           15,903  $           14,257  $           14,257 M.J.White 11/28/2004 CRANE LAKE WATER & SANITARY DISTRICT ADMINISTRATIVE EXPENSE BUDGET COMPARISON NOVEMBER 2004 YEAR-TO-DATE 2004 November YTD Budget Budget Actual Balance Beginning Cash Balance  $           15,000  $             3,452  $           11,548 Plus Receipts:    St. Louis County – Levy  $           77,250  $           37,423  $           39,827    State of Minnesota  –                1,278  $            (1,278)    Gold Coast Project  –  –  –    Other Receipts                1,000                   333                   667       Total Receipts  $           78,250  $           39,034  $           39,216 Total Cash Available  $           93,250  $           42,486  $           50,764 Less Disbursements:       Attorney Fees  $           12,000  $             2,359  $             9,641       Consulting Fees               10,000  –               10,000       Engineering Fees               10,000                2,438                7,562       Clerical Services                5,000                4,290                   710       Supplies & Equipment                3,000                2,760                   240       Insurance                3,500  $             3,326                   174       Financial/Audits                1,000  –                1,000       Fees & Memberships                   500  –                   500       Board Direct Expenses                1,500  –                1,500       Other Services                2,000                1,802                   198       Contingency               29,750  –               29,750                       –       Total Disbursements  $           78,250  $           16,975  $           61,275 Ending Cash Balance  $           15,000  $           25,511  $          (10,511) M.J.White 11/28/2004

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