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ELK RIVER MUNICIPAL UTILITIES
<br /> ELK RIVER,MINNESOTA
<br /> COMBINED BALANCE SHEET
<br /> FOR PERIOD ENDING FEBRUARY 2016
<br /> ELECTRIC WATER
<br /> ASSETS
<br /> CURRENT ASSETS
<br /> CASH&TEMPORARY INVESTMENTS 9,405,067 2,992,122
<br /> ACCOUNTS RECEIVABLE 3,088,215 316,096
<br /> INVENTORIES 994,419 11,724
<br /> PREPAID ITEMS 239,142 35,719
<br /> CONSTRUCTION IN PROGRESS 175,250 5,486
<br /> TOTAL CURRENT ASSETS 13,902,093 3,361,147
<br /> RESTRICTED ASSETS
<br /> BOND RESERVE FUND 490,500 0
<br /> EMERGENCY RESERVE FUND 2,528,933 1,156,571
<br /> UNRESTRICTED RESERVE FUND 38,884 113,824
<br /> TOTAL RESTRICTED ASSETS 3,058,317 1,270,395
<br /> FIXED ASSETS
<br /> PRODUCTION 391,546 11,493,223
<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) 49,006,359 35,114,549
<br /> LESS ACCUMULATED DEPRECIATION (22,176,539) (14,355,926)
<br /> TOTAL FIXED ASSETS,NET 26,829,820 20,758,623
<br /> DEFFERED OUTFLOWS OF RESOURCES 216,438 22,766
<br /> TOTAL ASSETS 44,006,667 25,412,931
<br /> LIABILITIES AND FUND EQUITY
<br /> CURRENT LIABILITIES
<br /> ACCOUNTS PAYABLE 3,062,227 226,373
<br /> SALARIES AND BENEFITS PAYABLE 410,188 49,497
<br /> DUE TO CITY 559,539 1,952
<br /> DUE TO OTHER FUNDS 0 0
<br /> BONDS PAYABLE-CURRENT PORTION 405,000 0
<br /> UNEARNED REVENUE 58,275 58,015
<br /> TOTAL CURRENT LIABILITIES 4,495,229 335,837
<br /> LONG TERM LIABILITIES
<br /> LFG PROJECT 1,214,061 0
<br /> DUE TO COUNTY 0 0
<br /> BONDS PAYABLE,LESS CURRENT PORTION 5,161,839 1,852,595
<br /> TOTAL LONG TERM LIABILITIES 6,375,900 1,852,595
<br /> DEFFERED INFLOWS OF RESOURCES 459,746 47,987
<br /> TOTAL LIABILITIES 11,330,875 2,236,419
<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) 40,115 (73,689)
<br /> TOTAL FUND EQUITY 32,675,792 23,176,512
<br /> TOTAL LIABILITIES&FUND EQUITY 44,006,667 25,412,931
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