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Treasurer's Report <br />Interim Financial Statements, ending August 31, 2025 <br />Carman Bay Lake Improvement District <br />1355 Brown Road South <br />Post Office Box 124 <br />Crystal Bay, MN 55323-2301 <br />Treasurer's Report <br />Interim Financial Statements <br />Period Ended August 31, 2025 <br />Reference the accompanying unaudited August 31, 2025, financial statements of Carman Bay Lake <br />Improvement District. <br />Balance Sheet <br />• Assets — Checking balance is $57,080. Accounts Receivables are $16,942 for property tax <br />resolution #7513 due in 2025. <br />• Liabilities — There are no accounts payable as of August 31. <br />• The Fund Balance is $74,023. <br />August Statement of Revenue & Expenditures <br />• August revenue is $16,658 from the first half of the levy and expenditures total $13,672. <br />Expenses consisted of $12,916 for EWM treatment, $667 for insurance renewal and $89 <br />miscellaneous administrative expenses. <br />Year to Date Statement of Revenues, Expenditures and Changes -in Fund Cash _Balance <br />• Year to date revenue is $16,658 and expenditures totaled $28,857. Expenditures exceeded <br />revenue by $12,199 and cash was reduced by the same as compared to December 31, <br />2024. ` <br />Other <br />• Looking forward, the largest pending budget expense is accounting set up & monthly that are <br />not expected to exceed the $3,600 budget, and miscellaneous administrative expenses. <br />Anticipate yearend expenses will be under forecast by $3,100 incorporating additional <br />consent agenda items. <br />II <br />9-25-25 CBLID Annual Meeting Minutes DRAFT V.2 10-3-25 <br />84 <br />