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ELK RIVER MUNICIPAL UTILITIES
<br /> ELK RIVER,MINNESOTA
<br /> COMBINED BALANCE SHEET
<br /> FOR PERIOD ENDING JUNE 2016
<br /> ELECTRIC WATER
<br /> ASSETS
<br /> CURRENT ASSETS
<br /> CASH&TEMPORARY INVESTMENTS 10,256,473 3,123,553
<br /> ACCOUNTS RECEIVABLE 3,212,029 423,000
<br /> INVENTORIES 1,344,204 15,959
<br /> PREPAID ITEMS 188,410 27,570
<br /> CONSTRUCTION IN PROGRESS 275,025 76,248
<br /> TOTAL CURRENT ASSETS 15,276,142 3,666,330
<br /> RESTRICTED ASSETS
<br /> BOND RESERVE FUND 490,500 0
<br /> EMERGENCY RESERVE FUND 2,536,509 1,158,465
<br /> UNRESTRICTED RESERVE FUND 38,884 113,824
<br /> TOTAL RESTRICTED ASSETS 3,065,893 1,272,289
<br /> FIXED ASSETS
<br /> PRODUCTION 403,546 11,585,190
<br /> LFG PROJECT 3,782,526 0
<br /> TRANSMISSION 747,961 0
<br /> DISTRIBUTION 35,661,572 22,531,424
<br /> GENERAL 8,738,738 928,348
<br /> FIXED ASSETS(COST) 49,334,343 35,044,962
<br /> LESS ACCUMULATED DEPRECIATION (22,819,192) (14,735,456)
<br /> TOTAL FIXED ASSETS,NET 26,515,151 20,309,506
<br /> OTHER ASSETS AND DEFFERED OUTFLOWS 222,165 23,039
<br /> TOTAL ASSETS 45,079,351 25,271,165
<br /> LIABILITIES AND FUND EQUITY
<br /> CURRENT LIABILITIES
<br /> ACCOUNTS PAYABLE 3,578,007 193,564
<br /> SALARIES AND BENEFITS PAYABLE 480,826 55,019
<br /> DUE TO CITY 677,495 1,631
<br /> DUE TO OTHER FUNDS 0 0
<br /> BONDS PAYABLE-CURRENT PORTION 405,000 0
<br /> UNEARNED REVENUE 48,688 145,108
<br /> TOTAL CURRENT LIABILITIES 5,190,015 395,323
<br /> LONG TERM LIABILITIES
<br /> LFG PROJECT 1,214,061 0
<br /> DUE TO COUNTY 0 0
<br /> BONDS PAYABLE,LESS CURRENT PORTION 5,278,596 1,853,144
<br /> TOTAL LONG TERM LIABILITIES 6,492,657 1,853,144
<br /> TOTAL LIABILITIES 11,682,672 2,248,467
<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) 301,256 (100,400)
<br /> TOTAL FUND EQUITY 32,936,933 22,974,711
<br /> TOTAL LIABILITIES&FUND EQUITY 45,079,351 25,271,165
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