Crane Lake, Minnesota Water & Sanitary District  
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Crane Lake Water & Sanitary District BALANCE SHEET as of November 30, 2018
ASSETS
Current Assets
Checking/Savings
100-Orr Bank
Administrative Fund 83,740.12
Eastern Service Area Fund
Legacy Grant Fund -69,291.36
Legacy Grant Fund-Kicker Blvd 59,341.74
Total Eastern Service Area Fund -9,949.62
GC Capital Reserve Fund
Operating Reserve Fund 50,000.00
WIF System Replacement Fund 2,825.54
Total GC Capital Reserve Fund 52,825.54
GC Sewer Operating Fund
Base Volume Charge Fund 39,105.42
Service Connection Fund 25,550.00
Total GC Sewer Operating Fund 64,655.42
Total 100-Orr Bank 191,271.46
104-Savings-AB-S.A.R. 128,524.91
105-Savings AB-C.R. 52,780.38
107-SavingsAB-Debt Service 54,966.08
Total Checking/Savings 427,542.83
Accounts Receivable
111-Accounts Receivable 65,512.37
Total Accounts Receivable 65,512.37
Other Current Assets
115-AR/RVS Summary -3,181.23
Undeposited Funds 13,500.00
Total Other Current Assets 10,318.77
Total Current Assets 503,373.97
Fixed Assets
140-Land & Land Improvements 178,236.98
142-Infrastructure 2,790,272.01
144-Building & Improvements 714,683.00
150-Office Equipment 7,597.40
155-Equipment 347,245.66
156-Accum. Depreciate -1,010,803.76
160-Construction In Progress 1,138,856.38
Total Fixed Assets 4,166,087.67
TOTAL ASSETS 4,669,461.64
LIABILITIES & EQUITY
Liabilities
Current Liabilities
Accounts Payable
201-Accounts Payable 100,150.33
Total Accounts Payable 100,150.33
Other Current Liabilities
211-Accrued Interest 32,601.35
231-Note Payable 58,333.13
Payroll Liabilities
FIT & FICA Payable 787.38
SIT Payable 311.00
Total Payroll Liabilities 1,098.38
Total Other Current Liabilities 92,032.86
Total Current Liabilities 192,183.19
Long Term Liabilities
222-Rural Development Loan 1,322,283.53
Total Long Term Liabilities 1,322,283.53
Total Liabilities 1,514,466.72
Equity
255-Contributed Capital 2,916,568.36
256-Retained Earnings 210,417.48
Net Income 28,009.08
Total Equity 3,154,994.92
TOTAL LIABILITIES & EQUITY 4,669,461.64
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Crane Lake Water & Sanitary District
P.O. Box 306 · Crane Lake, Minnesota 55725
© 2001 CLWSD