Crane Lake, Minnesota Water & Sanitary District  
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Crane Lake Water & Sanitary District BALANCE SHEET as of 10/31/15
Oct 31, 15
ASSETS
Current Assets
Checking/Savings
100-Orr Bank
Administrative Fund 79,178.57
Debt Service Fund
Special Assessment Revenue Fund 1,000.00
Total Debt Service Fund 1,000.00
Eastern Service Area Fund
IRRRB Grant Fund 286,732.74
Legacy Grant Fund -4,851.15
Total Eastern Service Area Fund 281,881.59
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 39,037.77
Infrastructure Settle Fund 50,439.52
Service Connection Fund 3,250.00
Total GC Sewer Operating Fund 92,727.29
Insurance Claim Fund 2,935.77
Total 100-Orr Bank 460,992.05
104-Savings-AB-S.A.R. 74,814.30
105-Savings AB-C.R. 28,832.99
Total Checking/Savings 564,639.34
Accounts Receivable
111-Accounts Receivable 54,979.13
Total Accounts Receivable 54,979.13
Other Current Assets
115-AR/RVS Summary 5,861.79
Total Other Current Assets 5,861.79
Total Current Assets 625,480.26
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 103,787.66
156-Accum. Depreciate -703,260.61
160-Construction In Progress 620,554.25
Total Fixed Assets 3,679,653.37
TOTAL ASSETS 4,305,133.63
LIABILITIES & EQUITY
Liabilities
Current Liabilities
Accounts Payable
201-Accounts Payable 52,230.45
Total Accounts Payable 52,230.45
Other Current Liabilities
211-Accrued Interest 34,416.59
Payroll Liabilities
FIT & FICA Payable 620.84
SIT Payable 95.57
Total Payroll Liabilities 716.41
Total Other Current Liabilities 35,133.00
Total Current Liabilities 87,363.45
Long Term Liabilities
222-Rural Development Loan 1,402,608.53
Total Long Term Liabilities 1,402,608.53
Total Liabilities 1,489,971.98
Equity
255-Contributed Capital 169,294.00
256-Retained Earnings 2,404,260.80
Net Income 241,606.85
Total Equity 2,815,161.65
TOTAL LIABILITIES & EQUITY 4,305,133.63
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Crane Lake Water & Sanitary District
P.O. Box 306 · Crane Lake, Minnesota 55725
© 2001 CLWSD