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ELK RIVER MUNICIPAL UTILITIES
<br /> ELK RIVER,MINNESOTA
<br /> STATEMENTS OF NET POSITION
<br /> DECEMBER 31,2012 AND 2011
<br /> Electric
<br /> Restated
<br /> 2012 2011
<br /> ASSETS
<br /> CURRENT ASSETS
<br /> Cash and temporary investments $ 10,646,164 $ 8,380,396
<br /> Receivables
<br /> Accrued interest 9,286 4,749
<br /> Accounts,net of allowance 2,293,525 2,498,647
<br /> Special assessments - -
<br /> Other receivables 25,403 4,962
<br /> Due from other City fund 6,839 27,551
<br /> Due from other governments - 1,627
<br /> Inventories 928,800 997,125
<br /> Prepaid expenses 187,839 122,066
<br /> TOTAL CURRENT ASSETS 14,097,856 12,037,123
<br /> CAPITAL ASSETS
<br /> Land 233,220 200,236
<br /> Land improvements 63,147 63,147
<br /> Buildings 2,847,699 2,735,797
<br /> Equipment and machinery 4,180,967 4,102,753
<br /> Infrastructure 46,403,093 45,482,434
<br /> Construction in progress 281,176 200,838
<br /> CAPITAL ASSETS,COST 54,009,302 52,785,205
<br /> LESS ACCUMULATED DEPRECIATION (27,883,481) (25,885,141)
<br /> TOTAL CAPITAL ASSETS,NET 26,125,821 26,900,064
<br /> OTHER ASSETS
<br /> Restricted cash 724,500 724,500
<br /> TOTAL ASSETS 40,948,177 39,661,687
<br /> DEFERRED OUTFLOWS
<br /> Deferred charge on refunding 67,01 1 73,603
<br /> TOTAL ASSETS AND DEFERRED OUTFLOW OF RESOURCES 41,015,188 39,735,290
<br /> The notes to the financial statements are an integral part of this statement.
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