Crane Lake, Minnesota Water & Sanitary District  
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Crane Lake Water & Sanitary District BALANCE SHEET Pre. Yr Comp as of 9/30/16
Sep 30, 16 Sep 30, 15
ASSETS
Current Assets
Checking/Savings
100-Orr Bank
Administrative Fund 112,336.45 89,138.05
Debt Service Fund
Special Assessment Revenue Fund 0.00 1,000.00
Total Debt Service Fund 0.00 1,000.00
Eastern Service Area Fund
IRRRB Grant Fund 29,434.98 285,232.74
Legacy Grant Fund -42,810.40 -3,100.00
Total Eastern Service Area Fund -13,375.42 282,132.74
GC Capital Reserve Fund
Operating Reserve Fund 0.00 1,000.00
WIF System Replacement Fund 2,464.54 2,268.83
Total GC Capital Reserve Fund 2,464.54 3,268.83
GC Sewer Operating Fund
Base Volume Charge Fund 36,728.87 44,523.91
Infrastructure Settle Fund 0.00 52,375.23
Service Connection Fund 0.00 3,250.00
Total GC Sewer Operating Fund 36,728.87 100,149.14
Total 100-Orr Bank 138,154.44 475,688.76
104-Savings-AB-S.A.R. 93,176.11 72,814.30
105-Savings AB-C.R. 83,746.81 26,832.99
106-Savings AB-IRRRB 146,823.96 0.00
Total Checking/Savings 461,901.32 575,336.05
Accounts Receivable
111-Accounts Receivable 3,389.93 2,748.16
Total Accounts Receivable 3,389.93 2,748.16
Other Current Assets
115-AR/RVS Summary 3,113.12 5,611.06
Total Other Current Assets 3,113.12 5,611.06
Total Current Assets 468,404.37 583,695.27
Fixed Assets
140-Land & Land Improvements 178,236.98 178,236.98
142-Infrastructure 2,790,272.01 2,790,272.01
144-Building & Improvements 682,658.00 682,658.00
150-Office Equipment 7,405.08 7,405.08
155-Equipment 112,619.54 103,787.71
156-Accum. Depreciate -803,666.88 -803,666.88
160-Construction In Progress 761,547.25 620,554.25
Total Fixed Assets 3,729,071.98 3,579,247.15
TOTAL ASSETS 4,197,476.35 4,162,942.42
LIABILITIES & EQUITY
Liabilities
Current Liabilities
Accounts Payable
201-Accounts Payable 21,911.68 14,948.70
Total Accounts Payable 21,911.68 14,948.70
Other Current Liabilities
211-Accrued Interest 33,825.66 33,825.66
Payroll Liabilities
FIT & FICA Payable 3,966.60 2,636.02
SIT Payable 583.00 392.00
Total Payroll Liabilities 4,549.60 3,028.02
Total Other Current Liabilities 38,375.26 36,853.68
Total Current Liabilities 60,286.94 51,802.38
Long Term Liabilities
222-Rural Development Loan 1,376,459.48 1,402,608.53
Total Long Term Liabilities 1,376,459.48 1,402,608.53
Total Liabilities 1,436,746.42 1,454,410.91
Equity
255-Contributed Capital 169,294.00 169,294.00
256-Retained Earnings 2,546,555.06 2,251,451.88
Net Income 44,880.87 287,785.63
Total Equity 2,760,729.93 2,708,531.51
TOTAL LIABILITIES & EQUITY 4,197,476.35 4,162,942.42
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Crane Lake Water & Sanitary District
P.O. Box 306 · Crane Lake, Minnesota 55725
© 2001 CLWSD