BALANCE SHEET

GKWMLL SANITARY DISTRICT-Operating 10:29 AM
Balance Sheet 11/08/2017
As of October 31, 2017 Accrual Basis
Oct 31, 17
ASSETS
Current Assets
Checking/Savings
100 · Checking Account 189,342.63
103 · Operating Savings Account 59,809.15
104 · Money Market Checking 1,611,873.81
Total Checking/Savings 1,861,025.59
Accounts Receivable
116 · Accounts Receivable 138,636.97
Total Accounts Receivable 138,636.97
Other Current Assets
110 · Taxes Receivable Current 7,041.00
115 · Accounts Rec – Manual Entry 74,538.00
118 · Allowance for Doubtful Accounts -103,757.00
120 · Special Assessments Rec-Current 4,370.00
Total Other Current Assets -17,808.00
Total Current Assets 1,981,854.56
Fixed Assets
155 · Buildings & Improvements -0.47
162 · Infratructure 6,832.00
Total Fixed Assets 6,831.53
Other Assets
111 · Taxes Receivable-Long Term 27,839.00
121 · Special Assessments Rec-LT -390,453.00
Total Other Assets -362,614.00
TOTAL ASSETS 1,626,072.09
LIABILITIES & EQUITY
Liabilities
Current Liabilities
Accounts Payable
201 · Accounts Payable -252.56
Total Accounts Payable -252.56
Other Current Liabilities
200 · Accounts Payable-Manual Entry 17,791.83
203 · Other Accrued Liabilities 4,454.00
205 · Interest Payable -2,368.00
210 · Payroll Liabilities 17,173.72
216 · Cur Port of ML Wastewater 118,393.00
220 · Cur Portion 2001 GO Note MN PFA 26,000.00
Total Other Current Liabilities 181,444.55
Total Current Liabilities 181,191.99
Long Term Liabilities
212 · ML WASTEWATER DEBT FEES 1,248,939.00
215 · ML Waste Water Liability 547,705.45
225 · 2001 G.O. Revenue Note-MN PFA 59,267.36
231 · 2007 GO Sewer Rev Bond USDA RD 76,684.00
232 · 2007 G.O. Revenue Note-MN PFA -327,000.00
299 · Suspense/Temp 372,200.00
Total Long Term Liabilities 1,977,795.81
Total Liabilities 2,158,987.80
Equity
300 · Net Assets Unrestricted -1,827,459.00
320 · Prior Year Income-Close 1,188,242.85
Net Income 106,300.44
Total Equity -532,915.71
TOTAL LIABILITIES & EQUITY 1,626,072.09