BALANCE SHEET

GKWMLL SANITARY DISTRICT-Operating 8:43 AM
Balance Sheet 07/31/2017
As of July 31, 2017 Accrual Basis
Jul 31, 17
ASSETS
Current Assets
Checking/Savings
100 · Checking Account 364,798.71
103 · Operating Savings Account 59,801.61
104 · Money Market Checking 1,360,325.50
Total Checking/Savings 1,784,925.82
Accounts Receivable
116 · Accounts Receivable 135,954.25
Total Accounts Receivable 135,954.25
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 1,903,072.07
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 1,547,289.60
LIABILITIES & EQUITY
Liabilities
Current Liabilities
Accounts Payable
201 · Accounts Payable 206.44
Total Accounts Payable 206.44
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 15,333.26
216 · Cur Port of ML Wastewater 118,393.00
220 · Cur Portion 2001 GO Note MN PFA 26,000.00
Total Other Current Liabilities 179,604.09
Total Current Liabilities 179,810.53
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 87,409.46
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 2,005,937.91
Total Liabilities 2,185,748.44
Equity
300 · Net Assets Unrestricted -1,827,459.00
320 · Prior Year Income-Close 1,188,242.85
Net Income 757.31
Total Equity -638,458.84
TOTAL LIABILITIES & EQUITY 1,547,289.60