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ELK RIVER MUNICIPAL UTILITIES
<br /> ELK RIVER, MINNESOTA
<br /> STATEMENTS OF NET POSITION-CONTINUED
<br /> DECEMBER 31,2012 AND 2011
<br /> Electric
<br /> Restated
<br /> 2012 2011
<br /> CURRENT LIABILITIES
<br /> Accounts payable $ 1,860,460 $ 2,042,190
<br /> Salaries and benefits payable 81,732 74,499
<br /> Accrued interest payable 94,796 103,131
<br /> Due to other City funds 463,520 400,105
<br /> Due to other governments 155,225 193,408
<br /> Customer deposits payable 386,416 334,508
<br /> Unearned revenue 8,262 -
<br /> Compensated absences-current portion 101,094 92,925
<br /> Notes payable-current portion 186,588 183,444
<br /> Bonds payable-current portion 588,000 559,000
<br /> TOTAL CURRENT LIABILITIES 3,926,093 3,983,210
<br /> NON-CURRENT LIABILITIES
<br /> Net other postemployment benefits liability 40,360 35,759
<br /> Compensated absences-less current portion 115,973 122,119
<br /> Notes payable-less current portion 1,789,224 1,979,438
<br /> Bonds payable,net-less current portion 5,410,254 6,001,525
<br /> TOTAL NON-CURRENT LIABILITIES 7,355,811 8,138,841
<br /> TOTAL LIABILITIES 11,281,904 12,122,051
<br /> NET POSITION
<br /> Net investment in capital assets 18,218,766 18,250,260
<br /> Restricted for debt service 724,500 724,500
<br /> Unrestricted 10,790,018 8,638,479
<br /> TOTAL NET POSITION $ 29,733,284 $ 27,613,239
<br /> The notes to the financial statements are an integral part of this statement.
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