|
ELK RIVER MUNICIPAL UTILITIES
<br /> ELK RIVER,MINNESOTA
<br /> COMBINED BALANCE SHEET
<br /> FOR PERIOD ENDING DECEMBER 2015
<br /> ELECTRIC WATER
<br /> ASSETS
<br /> CURRENT ASSETS
<br /> CASH&TEMPORARY INVESTMENTS 10,065,790 3,152,053
<br /> ACCOUNTS RECEIVABLE 2,652,118 416,922
<br /> INVENTORIES 991,563 14,015
<br /> PREPAID ITEMS 178,778 29,025
<br /> CONSTRUCTION IN PROGRESS 125,997 64,009
<br /> TOTAL CURRENT ASSETS 14,014,247 3,676,024
<br /> RESTRICTED ASSETS
<br /> BOND RESERVE FUND 490,500 0
<br /> EMERGENCY RESERVE FUND 2,523,930 1,155,320
<br /> UNRESTRICTED RESERVE FUND 38,884 113,824
<br /> TOTAL RESTRICTED ASSETS 3,053,314 1,269,144
<br /> FIXED ASSETS
<br /> PRODUCTION 391,266 11,402,917
<br /> LFG PROJECT 3,782,526 0
<br /> TRANSMISSION 747,961 0
<br /> DISTRIBUTION 35,442,776 22,483,437
<br /> GENERAL 8,607,534 925,452
<br /> FIXED ASSETS(COST) 48,972,064 34,811,807
<br /> LESS ACCUMULATED DEPRECIATION (21,846,451) (14,165,419)
<br /> TOTAL FIXED ASSETS,NET 27,125,613 20,646,387
<br /> OTHER ASSETS AND DEFFERED OUTFLOWS (59,375) (5,860)
<br /> TOTAL ASSETS 44,133,798 25,585,695
<br /> LIABILITIES AND FUND EQUITY
<br /> CURRENT LIABILITIES
<br /> ACCOUNTS PAYABLE 3,335,115 119,084
<br /> SALARIES AND BENEFITS PAYABLE 270,436 111,287
<br /> DUE TO CITY 682,962 0
<br /> DUE TO OTHER FUNDS (77,267) 77,267
<br /> BONDS PAYABLE-CURRENT PORTION 692,000 233,000
<br /> UNEARNED REVENUE 0 86,291
<br /> TOTAL CURRENT LIABILITIES 4,903,245 626,930
<br /> LONG TERM LIABILITIES
<br /> LFG PROJECT 1,214,061 0
<br /> DUE TO COUNTY 0 0
<br /> BONDS PAYABLE,LESS CURRENT PORTION 2,917,645 1,618,191
<br /> TOTAL LONG TERM LIABILITIES 4,131,706 1,618,191
<br /> TOTAL LIABILITIES 9,034,952 2,245,121
<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) 2,129,792 254,042
<br /> TOTAL FUND EQUITY 35,098,847 23,340,574
<br /> TOTAL LIABILITIES&FUND EQUITY 44,133,798 25,585,695
<br /> 30
<br />
|