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ELK RIVER MUNICIPAL UTILITIES
<br /> ELK RIVER,MINNESOTA
<br /> STATEMENT OF NET POSITION
<br /> DECEMBER 31,2015
<br /> Electric Water Total
<br /> ASSETS
<br /> CURRENT ASSETS
<br /> Cash and temporary investments $ 12,685,126 $ 4,367,165 $ 17,052,291
<br /> Receivables
<br /> Accrued interest 2,445 611 3,056
<br /> Accounts,net of allowance 2,593,000 116,719 2,709,719
<br /> Special assessments 6,522 72,876 79,398
<br /> Other receivables 63,820 2,159 65,979
<br /> Due from other City funds 10,020 223,992 234,012
<br /> Inventories 991,563 14,015 1,005,578
<br /> Prepaid expenses 178,779 29,025 207,804
<br /> TOTAL CURRENT ASSETS 16,531,275 4,826,562 21,357,837
<br /> CAPITAL ASSETS
<br /> Land 265,071 96,280 361,351
<br /> Land improvements 23,389 - 23,389
<br /> Buildings 2,883,212 821,203 3,704,415
<br /> Equipment and machinery 3,043,801 374,326 3,418,127
<br /> Infrastructure 42,756,591 33,709,666 76,466,257
<br /> Construction in progress 125,997 64,009 190,006
<br /> CAPITAL ASSETS,COST 49,098,061 35,065,484 84,163,545
<br /> LESS ACCUMULATED DEPRECIATION (21,846,450) (14,165,945) (36,012,395)
<br /> TOTAL CAPITAL ASSETS,NET 27,251,611 20,899,539 48,151,150
<br /> OTHER ASSETS
<br /> Restricted cash 490,500 - 490,500
<br /> TOTAL ASSETS 44,273,386 25,726,101 69,999,487
<br /> DEFERRED OUTFLOWS OF RESOURCES
<br /> Deferred charges on refunding 47,355 11,809 59,164
<br /> Deferred pension resources 272,949 28,490 301,439
<br /> TOTAL DEFERRED OUTFLOWS OF RESOURCES 320,304 40,299 360,603
<br /> The notes to the financial statements are an integral part of this statement.
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