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ELK RIVER MUNICIPAL UTILITIES
<br /> ELK RIVER,MINNESOTA
<br /> STATEMENTS OF NET POSITION-CONTINUED
<br /> DECEMBER 31,2013 AND 2012
<br /> Electric
<br /> 2013 2012
<br /> CURRENT LIABILITIES
<br /> Accounts payable S 2,793,958 $ 1,860,460
<br /> Salaries and benefits payable 134,394 81,732
<br /> Accrued interest payable 82,026 94,796
<br /> Due to other City funds 563,738 463,520
<br /> Due to other governments - 155,225
<br /> Customer deposits payable 439,550 386,416
<br /> Unearned revenue - 8,262
<br /> Compensated absences-current portion 106,070 101,094
<br /> Notes payable-current portion 189,353 186,588
<br /> Bonds payable-current portion 503,000 588,000
<br /> TOTAL CURRENT LIABILITIES 4,812,089 3,926,093
<br /> NON-CURRENT LIABILITIES
<br /> Net other postemployment benefits liability 45,042 40,360
<br /> Compensated absences-less current portion 137,437 115,973
<br /> Notes payable-less current portion 1,599,871 1,789,224
<br /> Bonds payable,net-less current portion 4,678,983 5,410,254
<br /> TOTAL NON-CURRENT LIABILITIES 6,461,333 7,355,811
<br /> TOTAL LIABILITIES 11,273,422 11,281,904
<br /> NET POSITION
<br /> Net investment in capital assets 20,215,709 18,218,766
<br /> Restricted for debt service 647,000 724,500
<br /> Unrestricted 10,777,242 10,790,018
<br /> TOTAL NET POSITION $ 31,639,951 $ 29,733,284
<br /> The notes to the financial statements are an integral part of this statement.
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