CRANE LAKE WATER & SANITARY DISTRICT TREASURER’S REPORT – OCTOBER 2004 ADMINISTRATIVE & OTHER EXPENSE September October Year-to-Date October Year-To-Date Beginning Cash Balance  $             5,547  $         190,810  $             5,547 Plus Receipts:    Administrative:       St. Louis County  $           37,423  $                      –  $           37,423       League of Minnesota Cities                   262  –                   262       State of Minnesota                   220  –                   220       Other                   279                  (208)                     71   Gold Coast Project:       Special Assessements             148,669                6,649             155,318       Service Connections                8,000                1,200                9,200       Base Charge                4,525                5,225                9,750       Other  –                   200                   200   I.S.T.S. Grant – MPCA                7,905  –                7,905       Total Receipts  $         207,283  $           13,066  $         220,349 Total Cash Available  $         212,830  $         203,876  $         225,896 Less Disbursements:    Administrative:       Attorney Fees  $             2,359  $                      –  $             2,359       Clerical Service                2,884  –                2,884       Consultants  –  –                       –       Engineering Fees                2,438  –                2,438       Insurance  –  $             3,326                3,326       Supplies & Equipment                2,335                   425                2,760       Other Services                1,712  –                1,712    Gold Coast Project:       Chemicals                   292  –                   292       Utilities  –                   457                   457       Other  –                   206                   206    I.S.T.S. Grant – Kuder/Sanborn               10,000  –               10,000       Total Disbursements  $           22,020  $             4,414  $           26,434 Ending Cash Balance  $         190,810  $         199,462  $         199,462 M.J.White 10/31/2004 CRANE LAKE WATER & SANITARY DISTRICT TREASURER’S REPORT – OCTOBER 2004 GOLD COAST PROJECT September October Year-to-Date October Year-To-Date Beginning Cash Balance  $           15,903  $           14,029  $           15,903 Plus Receipts:       U.S. Army Corps of Engineers               60,567  –               60,567       Rural Development Loan  –  –                       –       Rural Development – Grant             389,023               21,989             411,012       PFA Grant             635,508  –             635,508       Other                1,071  –                1,071                       –       Total Receipts  $      1,086,169  $           21,989  $      1,108,158 Total Cash Available  $      1,102,072  $           36,018  $      1,124,061 Less Disbursements:       Admin. Fund  $                      –  $                      –  $                    –       Engineering Fees               82,504               15,297               97,801       Attorney Fees               12,090  –               12,090       Consultant Fees                4,608                1,475                6,083       License/Permits                   505  –                   505       Financing  –  –                       –       Collection System             531,284  –             531,284       Treatment Plant             446,069  –             446,069       Utilities                9,423                   100                9,523       NTS – Start-up Expense  –                4,834                4,834       Other                1,560                     55                1,615       Total Disbursements  $      1,088,043  $           21,761  $      1,109,804 Ending Cash Balance  $           14,029  $           14,257  $           14,257 M.J.White 10/31/2004 CRANE LAKE WATER & SANITARY DISTRICT TREASURER’S REPORT – OCTOBER 2004 YTD FUND BALANCES as of 10/31-04 Balance Plus Less Balance 12/31/2003 Receipts Disbursements 10/31/2004 Administrative  $               3,452  $           37,976  $          (15,479)  $           25,949 I.S.T.S. Grant                   2,095                7,905              (10,000)                       – Gold Coast Project:    Construction                 15,903          1,108,158         (1,109,804)               14,257    Special Assessments  –             155,318  –             155,318    Service Connections  –                9,400  –                9,400    Base Charges – 9750 –                9,750    Volume Rate – –                  (955)                  (955)      Total  $              21,450  $      1,328,507  $     (1,136,238)  $         213,719 MJW 10/31/2004 CRANE LAKE WATER & SANITARY DISTRICT TREASURER’S REPORT – OCTOBER 2004 RECEIPTS/INVOICES ON HAND  11/03-04 Amount Administrative     Receipts on Hand       MV Credit  $        1,058.43     Invoices on Hand       V.T.S.I.  Clerical Service  $        1,406.33         Total  $        1,406.33 Gold Coast Project    Receipts on Hand       Teresa Hoff  Base Charges  $           100.00       M. Harshbarger  Base Charges                50.00       Crane Lake Chapel  Base Charges                50.00       Susan Pfeifer  Base Charges                50.00       Scott Beatty  Service Connect.               200.00       Dan Kaufman  Service Connect.               200.00       Allan McKie  Service Connect.               200.00         Total  $           850.00    Invoices on Hand       Cope & Peterson  October  $           502.50       Lake Country Power  Plant               162.64       Lake Country Power  Lift Station                  9.40       Hawkins  Chemicals               160.58       Hawkins  Chemicals               136.91       Northeast Tech. Services  Anal. Testing,Supply,Ex. St. Anal.               132.00       Northeast Tech. Services  Board Meeting               170.00       Northeast Tech. Services  Start-up Billing-Sept.            7,146.50       RLK-Kuusisto  Construction Completion               377.50       RLK-Kuusisto  Service Connections            9,182.49         Total  $      17,980.52 M.J.White 11/01/2004 CRANE LAKE WATER & SANITARY DISTRICT TREASURER’S REPORT – OCTOBER 2004 GOLD COAST PROJECT SUMMARY 2003 Oct. 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  –             635,508             635,508       Other  –                1,071                1,071       Total Receipts  $      1,600,571  $      1,108,158  $      2,708,729 Total Cash Available  $      1,618,266  $      1,124,061  $      2,726,424 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             531,284          1,347,373       Treatment Plant             444,195             446,069             890,264       Utilities  –                9,523                9,523       NTS – Start-up Expense  –                4,834                4,834       Other                   978                1,615                2,593       Total Disbursements  $      1,602,363  $      1,109,804  $      2,712,167 Ending Cash Balance  $           15,903  $           14,257  $           14,257 M.J.White 10/31/2004 CRANE LAKE WATER & SANITARY DISTRICT ADMINISTRATIVE EXPENSE BUDGET COMPARISON OCTOBER 2004 YEAR-TO-DATE 2004 October 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    Gold Coast Project  –  –  –    Other Receipts                1,000                   553                   447       Total Receipts  $           78,250  $           37,976  $           40,274 Total Cash Available  $           93,250  $           41,428  $           51,822 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                2,884                2,116       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                1,712                   288       Contingency               29,750  –               29,750                       –       Total Disbursements  $           78,250  $           15,479  $           62,771 Ending Cash Balance  $           15,000  $           25,949  $          (10,949) M.J.White 10/31/2004

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