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ELK RIVER MUNICIPAL UTILITIES
<br /> ELK RIVER,MINNESOTA
<br /> COMBINED BALANCE SHEET
<br /> FOR PERIOD ENDING JANUARY 2016
<br /> ELECTRIC WATER
<br /> ASSETS
<br /> CURRENT ASSETS
<br /> CASH&TEMPORARY INVESTMENTS 9,582,915 3,180,097
<br /> ACCOUNTS RECEIVABLE 3,170,992 370,653
<br /> INVENTORIES 985,867 12,445
<br /> PREPAID ITEMS 227,067 37,219
<br /> CONSTRUCTION IN PROGRESS 153,732 91,880
<br /> TOTAL CURRENT ASSETS 14,120,573 3,692,294
<br /> RESTRICTED ASSETS
<br /> BOND RESERVE FUND 490,500 0
<br /> EMERGENCY RESERVE FUND 2,526,430 1,155,946
<br /> UNRESTRICTED RESERVE FUND 38,884 113,824
<br /> TOTAL RESTRICTED ASSETS 3,055,814 1,269,769
<br /> FIXED ASSETS
<br /> PRODUCTION 391,266 11,402,917
<br /> LFG PROJECT 3,782,526 0
<br /> TRANSMISSION 747,961 0
<br /> DISTRIBUTION 35,476,792 22,695,874
<br /> GENERAL 8,607,534 925,452
<br /> FIXED ASSETS(COST) 49,006,079 35,024,244
<br /> LESS ACCUMULATED DEPRECIATION (22,011,496) (14,260,987)
<br /> TOTAL FIXED ASSETS,NET 26,994,584 20,763,257
<br /> DEFFERED OUTFLOWS OF RESOURCES 215,006 22,698
<br /> TOTAL ASSETS 44,385,977 25,748,018
<br /> LIABILITIES AND FUND EQUITY
<br /> CURRENT LIABILITIES
<br /> ACCOUNTS PAYABLE 3,257,056 227,108
<br /> SALARIES AND BENEFITS PAYABLE 400,592 46,088
<br /> DUE TO CITY 582,332 23,441
<br /> DUE TO OTHER FUNDS 0 0
<br /> BONDS PAYABLE-CURRENT PORTION 620,000 215,000
<br /> UNEARNED REVENUE 9,283 72,153
<br /> TOTAL CURRENT LIABILITIES 4,869,264 583,790
<br /> LONG TERM LIABILITIES
<br /> LFG PROJECT 1,214,061 0
<br /> DUE TO COUNTY 20,000 0
<br /> BONDS PAYABLE,LESS CURRENT PORTION 5,161,300 1,852,457
<br /> TOTAL LONG TERM LIABILITIES 6,395,361 1,852,457
<br /> DEFFERED INFLOWS OF RESOURCES 459,746 47,987
<br /> TOTAL LIABILITIES 11,724,370 2,484,234
<br /> FUND EQUITY
<br /> CAPITAL ACCOUNT CONST COST 490,500 0
<br /> CONTRIBUTED CAPITAL 0 0
<br /> RETAINED EARNINGS 32,145,177 23,250,201
<br /> NET INCOME(LOSS)(THROUGH PREVIOUS MONTH) 25,929 13,583
<br /> TOTAL FUND EQUITY 32,661,606 23,263,784
<br /> TOTAL LIABILITIES&FUND EQUITY 44,385,977 25,748,018
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