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ELK RIVER MUNICIPAL UTILITIES
<br /> ELK RIVER,MINNESOTA
<br /> COMBINED BALANCE SHEET
<br /> FOR PERIOD ENDING OCTOBER 2015
<br /> ELECTRIC WATER
<br /> ASSETS
<br /> CURRENT ASSETS
<br /> CASH&TEMPORARY INVESTMENTS 9,716,524 3,013,999
<br /> ACCOUNTS RECEIVABLE 3,413,437 426,922
<br /> INVENTORIES 1,062,422 20,647
<br /> PREPAID ITEMS 219,398 43,023
<br /> CONSTRUCTION IN PROGRESS 850,899 360,198
<br /> TOTAL CURRENT ASSETS 15,262,680 3,864,790
<br /> RESTRICTED ASSETS
<br /> BOND RESERVE FUND 490,500 0
<br /> EMERGENCY RESERVE FUND 2,518,900 1,154,063
<br /> UNRESTRICTED RESERVE FUND 38,884 113,824
<br /> TOTAL RESTRICTED ASSETS 3,048,284 1,267,887
<br /> FIXED ASSETS
<br /> PRODUCTION 391,219 11,277,484
<br /> LFG PROJECT 3,804,327 0
<br /> TRANSMISSION 714,482 0
<br /> DISTRIBUTION 34,523,687 22,104,795
<br /> GENERAL 7,756,404 925,540
<br /> FIXED ASSETS(COST) 47,190,119 34,307,819
<br /> LESS ACCUMULATED DEPRECIATION (21,566,923) (13,972,429)
<br /> TOTAL FIXED ASSETS,NET 25,623,196 20,335,390
<br /> OTHER ASSETS AND DEFFERED OUTFLOWS (62,238) (5,996)
<br /> TOTAL ASSETS 43,871,921 25,462,070
<br /> LIABILITIES AND FUND EQUITY
<br /> CURRENT LIABILITIES
<br /> ACCOUNTS PAYABLE 2,993,319 93,059
<br /> SALARIES AND BENEFITS PAYABLE 300,580 118,118
<br /> DUE TO CITY 473,090 0
<br /> DUE TO OTHER FUNDS 0 0
<br /> BONDS PAYABLE-CURRENT PORTION 0 0
<br /> UNEARNED REVENUE 1,688 114,568
<br /> TOTAL CURRENT LIABILITIES 3,768,677 325,745
<br /> LONG TERM LIABILITIES
<br /> LFG PROJECT 1,408,358 0
<br /> DUE TO COUNTY 0 0
<br /> BONDS PAYABLE,LESS CURRENT PORTION 3,608,567 1,850,916
<br /> TOTAL LONG TERM LIABILITIES 5,016,925 1,850,916
<br /> TOTAL LIABILITIES 8,785,601 2,176,661
<br /> FUND EQUITY
<br /> CAPITAL ACCOUNT CONST COST 490,500 0
<br /> CONTRIBUTED CAPITAL 0 0
<br /> RETAINED EARNINGS 32,478,554 23,086,532
<br /> NET INCOME(LOSS)(THROUGH PREVIOUS MONTH) 2,117,266 198,877
<br /> TOTAL FUND EQUITY 35,086,320 23,285,409
<br /> TOTAL LIABILITIES&FUND EQUITY 43,871,921 25,462,070
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