| Crane Lake Water & Sanitary District BALANCE SHEET as of March 31, 2013 |
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Mar 31, 13 |
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Mar 31, 12 |
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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 |
47,773.59 |
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5,583.97 |
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Debt Service Fund |
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Special Assessment Revenue Fund |
1,000.00 |
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1,000.00 |
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Total Debt Service Fund |
1,000.00 |
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1,000.00 |
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Eastern Service Area Fund |
2,559.15 |
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2,559.15 |
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GC Capital Reserve Fund |
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Operating Reserve Fund |
1,000.00 |
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1,000.00 |
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WIF System Replacement Fund |
1,869.28 |
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0.00 |
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Total GC Capital Reserve Fund |
2,869.28 |
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1,000.00 |
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GC Sewer Operating Fund |
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Base Volume Charge Fund |
29,700.75 |
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14,055.67 |
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Service Connection Fund |
2,250.00 |
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900.00 |
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Total GC Sewer Operating Fund |
31,950.75 |
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14,955.67 |
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Total 100-Orr Bank |
86,152.77 |
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25,098.79 |
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104-Savings-AB-S.A.R. |
70,912.04 |
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46,183.87 |
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105-Savings AB-C.R. |
11,831.77 |
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1,697.12 |
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Total Checking/Savings |
168,896.58 |
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72,979.78 |
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Accounts Receivable |
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111-Accounts Receivable |
1,425.00 |
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0.00 |
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Total Accounts Receivable |
1,425.00 |
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0.00 |
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Other Current Assets |
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115-AR/RVS Summary |
3,232.27 |
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4,691.99 |
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Total Other Current Assets |
3,232.27 |
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4,691.99 |
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Total Current Assets |
173,553.85 |
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77,671.77 |
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Fixed Assets |
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140-Land & Land Improvements |
177,560.63 |
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177,560.63 |
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142-Infrastructure |
2,472,640.74 |
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2,472,640.74 |
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144-Building & Improvements |
682,658.00 |
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682,658.00 |
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150-Office Equipment |
5,865.60 |
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5,865.60 |
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155-Equipment |
40,297.38 |
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40,297.38 |
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156-Accum. Depreciate |
-513,606.97 |
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-513,606.97 |
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160-Construction In Progress |
303,411.01 |
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303,411.01 |
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Total Fixed Assets |
3,168,826.39 |
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3,168,826.39 |
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| TOTAL ASSETS |
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3,342,380.24 |
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3,246,498.16 |
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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 |
10,471.56 |
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5,832.56 |
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Total Accounts Payable |
10,471.56 |
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5,832.56 |
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Other Current Liabilities |
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211-Accrued Interest |
34,416.62 |
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34,416.62 |
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Payroll Liabilities |
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FIT & FICA Payable |
1,941.18 |
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-16.56 |
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SIT Payable |
379.60 |
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99.00 |
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Total Payroll Liabilities |
2,320.78 |
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82.44 |
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Total Other Current Liabilities |
36,737.40 |
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34,499.06 |
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Total Current Liabilities |
47,208.96 |
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40,331.62 |
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Long Term Liabilities |
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222-Rural Development Loan |
1,453,102.46 |
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1,453,102.46 |
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Total Long Term Liabilities |
1,453,102.46 |
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1,453,102.46 |
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Total Liabilities |
1,500,311.42 |
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1,493,434.08 |
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Equity |
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255-Contributed Capital |
169,294.00 |
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169,294.00 |
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256-Retained Earnings |
1,716,203.02 |
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1,641,326.04 |
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Net Income |
-43,428.20 |
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-57,555.96 |
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Total Equity |
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1,842,068.82 |
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1,753,064.08 |
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| TOTAL LIABILITIES & EQUITY |
3,342,380.24 |
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3,246,498.16 |
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