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Carman Bay Lake Improvement District - Annual Report 2025
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Carman Bay Lake Improvement District - Annual Report 2025
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Assets <br />Cash - Demand Deposit Account 68,856 <br />Receivable - Resolution #7628 36,400 <br />Total Assets 105,256 <br />Liabilities <br />Total Current Liabilities - <br />Total Long-Term Liabilities - <br />Total Liabilities - <br />Total Fund Balance 105,256 <br />Notes to the financial statements: The property tax levy is recorded as an asset when the City <br />Council of the City of Orono adopts its resolution certifying the current-year assessment roll. The MN <br />DNR Grant is recorded as an asset upon written notification of the award. Cash is recognized as of <br />the bank credit date. A/P is paid as received. <br />Carman Bay Lake Improvement District <br />Balance Sheet <br />December 31, 2025 <br />Orono, Minnesota
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