|
ELK RIVER MUNICIPAL UTILITIES
<br /> ELK RIVER,MINNESOTA
<br /> STATEMENT OF NET POSITION
<br /> DECEMBER 31,2014
<br /> Electric Water Total
<br /> ASSETS
<br /> CURRENT ASSETS
<br /> Cash and temporary investments $ 11,606,610 $ 3,681,481 $ 15,288,091
<br /> Receivables
<br /> Accrued interest 363 91 454
<br /> Accounts,net of allowance 2,508,840 105,985 2,614,825
<br /> Special assessments 5,443 47,179 52,622
<br /> Other receivables 85,381 64,223 149,604
<br /> Due from other City funds 8,290 458,779 467,069
<br /> Due from other governments 25,832 - 25,832
<br /> Inventories 979,129 16,481 995,610
<br /> Prepaid expenses 175,687 28,355 204,042
<br /> TOTAL CURRENT ASSETS 15,395,575 4,402,574 19,798,149
<br /> CAPITAL ASSETS
<br /> Land 265,023 96,280 361,303
<br /> Land improvements 23,389 - 23,389
<br /> Buildings 2,859,360 815,240 3,674,600
<br /> Equipment and machinery 2,911,106 307,330 3,218,436
<br /> Infrastructure 40,601,888 32,631,587 73,233,475
<br /> Construction in progress 205,329 610,381 815,710
<br /> CAPITAL ASSETS,COST 46,866,095 34,460,818 81,326,913
<br /> LESS ACCUMULATED DEPRECIATION (20,038,050) (13,034,835) (33,072,885)
<br /> TOTAL CAPITAL ASSETS,NET 26,828,045 21,425,983 48,254,028
<br /> OTHER ASSETS
<br /> Restricted cash 490,500 - 490,500
<br /> TOTAL ASSETS 42,714,120 25,828,557 68,542,677
<br /> DEFERRED OUTFLOWS OF RESOURCES
<br /> Deferred charges on refunding 53,827 13,457 67,284
<br /> TOTAL ASSETS AND DEFERRED
<br /> OUTFLOW OF RESOURCES 42,767,947 25,842,014 68,609,961
<br /> The notes to the financial statements are an integral part of this statement.
<br /> 74
<br />
|