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ELK RIVER MUNICIPAL UTILITIES
<br /> ELK RIVER,MINNESOTA
<br /> STATEMENT OF NET POSITION-CONTINUED
<br /> DECEMBER 31,2015
<br /> Electric Water Total
<br /> CURRENT LIABILITIES
<br /> Accounts payable $ 2,366,994 $ 94,124 $ 2,461,118
<br /> Salaries and benefits payable 78,030 14,173 92,203
<br /> Accrued interest payable 49,892 26,563 76,455
<br /> Due to other City funds 659,433 23,034 682,467
<br /> Due to other governments 140,014 2,976 142,990
<br /> Customer deposits payable 489,476 89,053 578,529
<br /> Unearned revenue - 86,291 86,291
<br /> Compensated absences-current portion 153,002 16,555 169,557
<br /> Notes payable-current portion 194,307 - 194,307
<br /> Bonds payable-current portion 692,000 233,000 925,000
<br /> TOTAL CURRENT LIABILITIES 4,823,148 585,769 5,408,917
<br /> NON-CURRENT LIABILITIES
<br /> Net other postemployment benefits liability 63,041 - 63,041
<br /> Compensated absences-less current portion 130,528 12,454 142,982
<br /> Notes payable-less current portion 1,214,061 - 1,214,061
<br /> Bonds payable,net-less current portion 3,024,375 1,635,859 4,660,234
<br /> Net pension liability 2,243,115 234,129 2,477,244
<br /> TOTAL NON-CURRENT LIABILITIES 6,675,120 1,882,442 8,557,562
<br /> TOTAL LIABILITIES 11,498,268 2,468,211 13,966,479
<br /> DEFERRED INFLOWS OF RESOURCES
<br /> Deferred pension resources 459,746 47,987 507,733
<br /> NET POSITION
<br /> Net investment in capital assets 22,174,223 19,042,489 41,216,712
<br /> Restricted for debt service 490,500 - 490,500
<br /> Unrestricted 9,970,953 4,207,713 14,178,666
<br /> TOTAL NET POSITION $ 32,635,676 $ 23,250,202 $ 55,885,878
<br /> The notes to the financial statements are an integral part of this statement.
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