Crane Lake, Minnesota Water & Sanitary District  
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Crane Lake Water & Sanitary District BALANCE SHEET as of 10/31/14
ASSETS
Current Assets
Checking/Savings
100-Orr Bank
Administrative Fund 54,176.66
Debt Service Fund
Special Assessment Revenue Fund 999.96
Total Debt Service Fund 999.96
Eastern Service Area Fund
Legacy Grant Fund 375,000.00
State Bonding Fund 314,586.00
Total Eastern Service Area Fund 689,586.00
GC Capital Reserve Fund
Operating Reserve Fund 1,000.00
WIF System Replacement Fund 2,063.46
Total GC Capital Reserve Fund 3,063.46
GC Sewer Operating Fund
Base Volume Charge Fund 26,713.18
Infrastructure Settle Fund 84,953.95
Service Connection Fund 3,250.00
Total GC Sewer Operating Fund 114,917.13
Insurance Claim Fund -143,024.07
Total 100-Orr Bank 719,719.14
104-Savings-AB-S.A.R. 83,101.20
105-Savings AB-C.R. 23,648.80
Total Checking/Savings 826,469.14
Accounts Receivable
111-Accounts Receivable 268.15
Total Accounts Receivable 268.15
Other Current Assets
115-AR/RVS Summary 3,821.90
Total Other Current Assets 3,821.90
Total Current Assets 830,559.19
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 174,273.87
156-Accum. Depreciate -607,818.32
Total Fixed Assets 3,225,027.62
TOTAL ASSETS 4,055,586.81
LIABILITIES & EQUITY
Liabilities
Current Liabilities
Accounts Payable
201-Accounts Payable 23,895.69
Total Accounts Payable 23,895.69
Other Current Liabilities
211-Accrued Interest 34,416.60
Payroll Liabilities
FIT & FICA Payable 571.24
SIT Payable 147.60
Total Payroll Liabilities 718.84
Total Other Current Liabilities 35,135.44
Total Current Liabilities 59,031.13
Long Term Liabilities
222-Rural Development Loan 1,428,151.78
Total Long Term Liabilities 1,428,151.78
Total Liabilities 1,487,182.91
Equity
255-Contributed Capital 169,294.00
256-Retained Earnings 2,366,065.22
Net Income 33,044.68
Total Equity 2,568,403.90
TOTAL LIABILITIES & EQUITY 4,055,586.81
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Crane Lake Water & Sanitary District
P.O. Box 306 · Crane Lake, Minnesota 55725
© 2001 CLWSD