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ELK RIVER MUNICIPAL UTILITIES
<br /> ELK RIVER,MINNESOTA
<br /> COMBINED BALANCE SHEET
<br /> FOR PERIOD ENDING NOVEMBER 2015
<br /> ELECTRIC WATER
<br /> ASSETS
<br /> CURRENT ASSETS
<br /> CASH&TEMPORARY INVESTMENTS 9,860,461 3,151,377
<br /> ACCOUNTS RECEIVABLE 2,789,867 382,094
<br /> INVENTORIES 1,015,453 16,651
<br /> PREPAID ITEMS 238,295 44,712
<br /> CONSTRUCTION IN PROGRESS 948,712 32,685
<br /> TOTAL CURRENT ASSETS 14,852,787 3,627,519
<br /> RESTRICTED ASSETS
<br /> BOND RESERVE FUND 490,500 0
<br /> EMERGENCY RESERVE FUND 2,520,736 1,154,522
<br /> UNRESTRICTED RESERVE FUND 38,884 113,824
<br /> TOTAL RESTRICTED ASSETS 3,050,120 1,268,346
<br /> FIXED ASSETS
<br /> PRODUCTION 391,266 11,277,484
<br /> LFG PROJECT 3,804,327 0
<br /> TRANSMISSION 714,482 0
<br /> DISTRIBUTION 34,559,995 22,477,109
<br /> GENERAL 8,634,211 925,540
<br /> FIXED ASSETS(COST) 48,104,281 34,680,133
<br /> LESS ACCUMULATED DEPRECIATION (21,730,715) (14,068,560)
<br /> TOTAL FIXED ASSETS,NET 26,373,567 20,611,574
<br /> OTHER ASSETS AND DEFFERED OUTFLOWS (60,807) (5,928)
<br /> TOTAL ASSETS 44,215,667 25,501,510
<br /> LIABILITIES AND FUND EQUITY
<br /> CURRENT LIABILITIES
<br /> ACCOUNTS PAYABLE 3,073,278 115,914
<br /> SALARIES AND BENEFITS PAYABLE 306,887 118,900
<br /> DUE TO CITY 510,238 0
<br /> DUE TO OTHER FUNDS 0 0
<br /> BONDS PAYABLE-CURRENT PORTION 0 0
<br /> UNEARNED REVENUE 844 100,429
<br /> TOTAL CURRENT LIABILITIES 3,891,246 335,244
<br /> LONG TERM LIABILITIES
<br /> LFG PROJECT 1,408,358 0
<br /> DUE TO COUNTY 0 0
<br /> BONDS PAYABLE,LESS CURRENT PORTION 3,609,106 1,851,054
<br /> TOTAL LONG TERM LIABILITIES 5,017,464 1,851,054
<br /> TOTAL LIABILITIES 8,908,710 2,186,297
<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) 2,337,902 228,681
<br /> TOTAL FUND EQUITY 35,306,957 23,315,213
<br /> TOTAL LIABILITIES&FUND EQUITY 44,215,667 25,501,510
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