Crane Lake, Minnesota Water & Sanitary District  
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Crane Lake Water & Sanitary District BALANCE SHEET as of 1/31/16

ASSETS
Current Assets
Checking/Savings
100-Orr Bank
Administrative Fund 100,818.77
Debt Service Fund
Special Assessment Revenue Fund 2,101.29
Total Debt Service Fund 2,101.29
Eastern Service Area Fund
IRRRB Grant Fund 205,128.68
Legacy Grant Fund -47,189.02
Total Eastern Service Area Fund 157,939.66
GC Capital Reserve Fund
Operating Reserve Fund 1,000.00
WIF System Replacement Fund 2,268.83
Total GC Capital Reserve Fund 3,268.83
GC Sewer Operating Fund
Base Volume Charge Fund 38,139.21
Infrastructure Settle Fund 48,299.23
Service Connection Fund 5,350.00
Total GC Sewer Operating Fund 91,788.44
Insurance Claim Fund -9,504.43
Total 100-Orr Bank 346,412.56
104-Savings-AB-S.A.R. 34,499.27
105-Savings AB-C.R. 28,846.73
Total Checking/Savings 409,758.56
Accounts Receivable
111-Accounts Receivable 3,599.87
Total Accounts Receivable 3,599.87
Other Current Assets
115-AR/RVS Summary 3,840.46
Total Other Current Assets 3,840.46
Total Current Assets 417,198.89
Fixed Assets
140-Land & Land Improvements 178,236.98
142-Infrastructure 2,790,272.01
144-Building & Improvements 682,658.00
150-Office Equipment 7,405.08
155-Equipment 103,787.71
156-Accum. Depreciate -803,666.88
160-Construction In Progress 730,379.00
Total Fixed Assets 3,689,071.90
TOTAL ASSETS 4,106,270.79
LIABILITIES & EQUITY
Liabilities
Current Liabilities
Accounts Payable
201-Accounts Payable 8,074.29
Total Accounts Payable 8,074.29
Other Current Liabilities
211-Accrued Interest 33,825.66
Payroll Liabilities
FIT & FICA Payable 620.34
SIT Payable 82.00
Total Payroll Liabilities 702.34
Total Other Current Liabilities 34,528.00
Total Current Liabilities 42,602.29
Long Term Liabilities
222-Rural Development Loan 1,376,459.48
Total Long Term Liabilities 1,376,459.48
Total Liabilities 1,419,061.77
Equity
255-Contributed Capital 169,294.00
256-Retained Earnings 2,546,305.06
Net Income -28,390.04
Total Equity 2,687,209.02
TOTAL LIABILITIES & EQUITY 4,106,270.79

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Crane Lake Water & Sanitary District
P.O. Box 306 · Crane Lake, Minnesota 55725
© 2001 CLWSD