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ELK RIVER MUNICIPAL UTILITIES
<br /> ELK RIVER MINNESOTA
<br /> COMBINED BALANCE SHEET
<br /> FOR PERIOD ENDING APRIL 2016
<br /> ELECTRIC WATER
<br /> ASSETS
<br /> CURRENT ASSETS
<br /> CASH&TEMPORARY INVESTMENTS 9,823,834 2,961,460
<br /> ACCOUNTS RECEIVABLE 2,928,702 322,831
<br /> INVENTORIES 1,314,565 14,502
<br /> PREPAID ITEMS 187,603 28,175
<br /> CONSTRUCTION IN PROGRESS 225,185 103,266
<br /> TOTAL CURRENT ASSETS 14,479,889 3,430,234
<br /> RESTRICTED ASSETS
<br /> BOND RESERVE FUND 490,500 0
<br /> EMERGENCY RESERVE FUND 2,531,844 1,157,299
<br /> UNRESTRICTED RESERVE FUND 38,884 113,824
<br /> TOTAL RESTRICTED ASSETS 3,061,228 1,271,123
<br /> FIXED ASSETS
<br /> PRODUCTION 391,546 11,493,223
<br /> LFG PROJECT 3,782,526 0
<br /> TRANSMISSION 747,961 0
<br /> DISTRIBUTION 35,531,870 22,523,890
<br /> GENERAL 8,684,489 926,911
<br /> FIXED ASSETS(COST) 49,138,392 34,944,023
<br /> LESS ACCUMULATED DEPRECIATION (22,507,855) (14,544,931)
<br /> TOTAL FIXED ASSETS,NET 26,630,537 20,399,092
<br /> OTHER ASSETS AND DEFFERED OUTFLOWS 219,301 22,903
<br /> TOTAL ASSETS 44,390,955 25,123,352
<br /> LIABILITIES AND FUND EQUITY
<br /> CURRENT LIABILITIES
<br /> ACCOUNTS PAYABLE 2,974,742 202,341
<br /> SALARIES AND BENEFITS PAYABLE 409,576 46,946
<br /> DUE TO CITY 522,435 1,989
<br /> DUE TO OTHER FUNDS 0 0
<br /> BONDS PAYABLE-CURRENT PORTION 405,000 0
<br /> UNEARNED REVENUE 55,732 29,738
<br /> TOTAL CURRENT LIABILITIES 4,367,486 281,014
<br /> LONG TERM LIABILITIES
<br /> LFG PROJECT 1,214,061 0
<br /> DUE TO COUNTY 0 0
<br /> BONDS PAYABLE,LESS CURRENT PORTION 5,162,918 1,852,869
<br /> TOTAL LONG TERM LIABILITIES 6,376,979 1,852,869
<br /> TOTAL LIABILITIES 10,744,464 2,133,883
<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) 551,068 (133,629)
<br /> TOTAL FUND EQUITY 33,186,745 22,941,482
<br /> TOTAL LIABILITIES&FUND EQUITY 44,390,955 25,123,352
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