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ELK RIVER MUNICIPAL UTILITIES <br />ELK RIVER, MINNESOTA <br />STATEMENTS OF NET ASSETS <br />DECEMBER 31, 201 I AND 2010 <br />ASSETS <br />CURRENT ASSETS <br />Cash and temporary investments <br />Receivables <br />Accrued interest <br />Accounts, net of allowance <br />Special assessments <br />Other receivables <br />Due from other City fund <br />Due from other govemmen[s <br />Inventories <br />Prepaid expenses <br />TOTAL CURRENT ASSETS <br />CAPITAL ASSETS <br />Land <br />Land improvements <br />Buildings <br />Equipment and machinery <br />Infrastructure <br />Construction in progress <br />CAPITAL ASSETS, COST <br />LESS ACCUMULATED DEPRECIATION <br />TOTAL CAPITAL ASSETS, NET <br />OTHER ASSETS <br />Restricted cash <br />Deferred charges <br />TOTAL OTHER ASSETS <br />TOTAL ASSETS <br />The notes to the financial statements are an integral part of this statement. <br />Electric <br />2011 2010 <br />$ 8,380,396 $ 6,587,017 <br />4,749 <br />2,498,647 <br />I, 116 <br />2,403,096 <br />4,962 <br />27,55 I <br />1,627 <br />997,125 <br />122,066 <br />52,635 <br />9,881 <br />1,627 <br />1,018,092 <br />140,116 <br />12,037,123 10,213,580 <br />200,236 <br />63,147 <br />2,735,797 <br />4,102,753 <br />45,482,434 <br />200,838 <br />200,236 <br />63,147 <br />2,735,797 <br />3,759,663 <br />44,492,422 <br />407,475 <br />52,785,205 <br />(25,885,141) <br />51,658,740 <br />(23,869,917) <br />26,900,064 27,788,823 <br />724,500 724,500 <br />102,866 114,775 <br />827,366 <br />39,764,553 <br />839,275 <br />38,841,678 <br />20 <br />