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ELK RIVER MUNICIPAL UTILITIES
<br /> ELK RIVER,MINNESOTA
<br /> STATEMENTS OF NET POSITION-CONTINUED ON THE FOLLOWING PAGES
<br /> DECEMBER 31,2013 AND 2012
<br /> Electric
<br /> 2013 2012
<br /> ASSETS
<br /> CURRENT ASSETS
<br /> Cash and temporary investments $ 11,410,293 $ 10,646,164
<br /> Receivables
<br /> Accrued interest 13,225 9,286
<br /> Accounts,net of allowance 2,422,866 2,293,525
<br /> Special assessments 3,801 -
<br /> Other receivables 61,905 25,403
<br /> Due from other City fund 13,522 6,839
<br /> Due from other governments 12,209 -
<br /> Inventories 963,608 928,800
<br /> Prepaid expenses
<br /> 178,028 187,839
<br /> TOTAL CURRENT ASSETS 15,079,457 14,097,856
<br /> CAPITAL ASSETS
<br /> Land 264,672 233,220
<br /> Land improvements 63,147 63,147
<br />. Buildings
<br /> 2,945,998 2,847,699
<br /> Equipment and machinery 4,390,338 4,180,967
<br /> Infrastructure 46,695,793 46,403,093
<br /> Construction in progress 1,553,538 281,176
<br /> CAPITAL ASSETS,COST 55,913,486 54,009,302
<br /> LESS ACCUMULATED DEPRECIATION (28,786,989) (27,883,481)
<br /> TOTAL CAPITAL ASSETS,NET 27,126,497 26,125,821
<br /> OTHER ASSETS
<br /> Restricted cash 647,000 724,500
<br /> TOTAL ASSETS 42,852,954 40,948,177
<br /> DEFERRED OUTFLOWS OF RESOURCES
<br /> Deferred charges on refunding 60,419 67,011
<br /> TOTAL ASSETS AND DEFERRED OUTFLOW OF RESOURCES 42,913,373 41,015,188
<br /> The notes to the financial statements are an integral part of this statement.
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