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ELK RIVER MUNICIPAL UTILITIES
<br />ELK RIVER, MINNESOTA
<br />STATEMENTS OF NET ASSETS
<br />DECEMBER 31, 2010 AND 2009
<br />ASSETS
<br />CURRENT ASSETS
<br />Cash and temporary investments
<br />Cash with escrow agent
<br />Receivables
<br />Accmed interest
<br />Accounts, net of allowance
<br />Special assessments
<br />Other receivables
<br />Due from other City fund
<br />Due from other governments
<br />TnvenWries
<br />Prepaid expenses
<br />TOTAL CURRENT ASSETS
<br />Electric
<br />2010 2009
<br />$ 6,587,017 $ 5,366,820
<br />1,116 26,090
<br />2,403,096 2,037,796
<br />52,635 23,827
<br />9,881 4,913
<br />1,627 37,124
<br />1,018,092 1,034,829
<br />140,116 75,288
<br />LQ,213,580 8,606,687
<br />CAPITAL ASSETS
<br />200,236
<br />200,236
<br />Land 63,147 63,147
<br />Land improvements 2,735,797 2,735,797
<br />Buildings
<br />3,759,663
<br />3,724,669
<br />Equipment and machinery 44,492,422 43,926,545
<br />InfrastmcNre 407,475 84,648
<br />Construction in progress
<br />CAPITAL ASSETS, COST S 1,658,740 50,735,042
<br />LESS ACCUMULATED DEPRECIATION (23,869,917) (21,864,361)
<br />TOTAL CAPITAL ASSETS, NET 27,788,823 28,870,681
<br />OTHER ASSETS
<br />Restricted cash
<br />Deferred chazges
<br />TOTAL OTHER ASSETS
<br />TOTAL ASSETS
<br />The notes to the financial statements are an integral par[ of [his statement.
<br />724,500 724,500
<br />194,978 117,724
<br />919,478
<br />842,224
<br />38,921,881
<br />38,319,592
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