|
ELK RIVER MUNICIPAL UTILITIES
<br /> ELK RIVER,MINNESOTA
<br /> COMBINED BALANCE SHEET
<br /> FOR PERIOD ENDING MARCH 2016
<br /> ELECTRIC WATER
<br /> ASSETS
<br /> CURRENT ASSETS
<br /> CASH&TEMPORARY INVESTMENTS 9,653,473 2,971,555
<br /> ACCOUNTS RECEIVABLE 2,875,889 326,352
<br /> INVENTORIES 1,013,220 14,490
<br /> PREPAID ITEMS 211,868 30,893
<br /> CONSTRUCTION IN PROGRESS 167,109 35,377
<br /> TOTAL CURRENT ASSETS 13,921,559 3,378,667
<br /> RESTRICTED ASSETS
<br /> BOND RESERVE FUND 490,500 0
<br /> EMERGENCY RESERVE FUND 2,530,154 1,156,877
<br /> UNRESTRICTED RESERVE FUND 38,884 113,824
<br /> TOTAL RESTRICTED ASSETS 3,059,538 1,270,700
<br /> FIXED ASSETS
<br /> PRODUCTION 391,546 11,493,223
<br /> LFG PROJECT 3,782,526 0
<br /> TRANSMISSION 747,961 0
<br /> DISTRIBUTION 35,513,147 22,523,890
<br /> GENERAL 8,682,811 926,911
<br /> FIXED ASSETS(COST) 49,117,991 34,944,023
<br /> LESS ACCUMULATED DEPRECIATION (22,341,865) (14,450,429)
<br /> TOTAL FIXED ASSETS,NET 26,776,126 20,493,595
<br /> OTHER ASSETS AND DEFFERED OUTFLOWS 217,870 22,834
<br /> TOTAL ASSETS 43,975,093 25,165,796
<br /> LIABILITIES AND FUND EQUITY
<br /> CURRENT LIABILITIES
<br /> ACCOUNTS PAYABLE 2,821,424 188,935
<br /> SALARIES AND BENEFITS PAYABLE 441,575 54,901
<br /> DUE TO CITY 622,200 1,891
<br /> DUE TO OTHER FUNDS 0 0
<br /> BONDS PAYABLE-CURRENT PORTION 405,000 0
<br /> UNEARNED REVENUE 57,960 43,876
<br /> TOTAL CURRENT LIABILITIES 4,348,159 289,604
<br /> LONG TERM LIABILITIES
<br /> LFG PROJECT 1,214,061 0
<br /> DUE TO COUNTY 0 0
<br /> BONDS PAYABLE,LESS CURRENT PORTION 5,162,378 1,852,732
<br /> TOTAL LONG TERM LIABILITIES 6,376,439 1,852,732
<br /> TOTAL LIABILITIES 10,724,598 2,142,336
<br /> FUND EQUITY
<br /> CAPITAL ACCOUNT CONST COST 490,500 0
<br /> CONTRIBUTED CAPITAL 0 0
<br /> RETAINED EARNINGS 32,145,177 23,075,111
<br /> NET INCOME(LOSS)(THROUGH PREVIOUS MONTH) 155,071 (99,637)
<br /> TOTAL FUND EQUITY 32,790,748 22,975,473
<br /> TOTAL LIABILITIES&FUND EQUITY 43,975,093 25,165,796
<br /> 33
<br />
|