| Crane Lake Water & Sanitary District BALANCE SHEET as of 5/31/15 |
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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 |
-39,736.57 |
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Debt Service Fund |
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Special Assessment Revenue Fund |
1,000.00 |
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Total Debt Service Fund |
1,000.00 |
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Eastern Service Area Fund |
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Legacy Grant Fund |
375,000.00 |
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State Bonding Fund |
314,586.00 |
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Total Eastern Service Area Fund |
689,586.00 |
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GC Capital Reserve Fund |
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Operating Reserve Fund |
1,000.00 |
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WIF System Replacement Fund |
2,268.83 |
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Total GC Capital Reserve Fund |
3,268.83 |
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GC Sewer Operating Fund |
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Base Volume Charge Fund |
47,873.65 |
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Infrastructure Settle Fund |
50,439.52 |
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Service Connection Fund |
3,250.00 |
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Total GC Sewer Operating Fund |
101,563.17 |
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Insurance Claim Fund |
-50,928.46 |
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Total 100-Orr Bank |
704,752.97 |
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104-Savings-AB-S.A.R. |
46,286.53 |
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105-Savings AB-C.R. |
23,450.74 |
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Total Checking/Savings |
774,490.24 |
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Accounts Receivable |
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111-Accounts Receivable |
54,605.90 |
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Total Accounts Receivable |
54,605.90 |
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Other Current Assets |
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115-AR/RVS Summary |
7,756.89 |
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Total Other Current Assets |
7,756.89 |
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Total Current Assets |
836,853.03 |
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Fixed Assets |
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140-Land & Land Improvements |
178,236.98 |
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142-Infrastructure |
2,790,272.01 |
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144-Building & Improvements |
682,658.00 |
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150-Office Equipment |
7,405.08 |
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155-Equipment |
99,157.66 |
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156-Accum. Depreciate |
-703,260.61 |
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Total Fixed Assets |
3,054,469.12 |
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| TOTAL ASSETS |
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3,891,322.15 |
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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 |
4,879.74 |
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Total Accounts Payable |
4,879.74 |
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Other Current Liabilities |
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211-Accrued Interest |
34,416.59 |
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Payroll Liabilities |
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FIT & FICA Payable |
1,318.92 |
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SIT Payable |
184.57 |
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Total Payroll Liabilities |
1,503.49 |
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Total Other Current Liabilities |
35,920.08 |
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Total Current Liabilities |
40,799.82 |
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Long Term Liabilities |
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222-Rural Development Loan |
1,402,608.53 |
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Total Long Term Liabilities |
1,402,608.53 |
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Total Liabilities |
1,443,408.35 |
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Equity |
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255-Contributed Capital |
169,294.00 |
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256-Retained Earnings |
2,404,260.80 |
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Net Income |
-125,641.00 |
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Total Equity |
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2,447,913.80 |
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| TOTAL LIABILITIES & EQUITY |
3,891,322.15 |
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