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ELK RIVER MUNICIPAL UTILITIES
<br /> ELK RIVER,MINNESOTA
<br /> COMBINED BALANCE SHEET
<br /> FOR PERIOD ENDING AUGUST 2016
<br /> ELECTRIC WATER
<br /> ASSETS
<br /> CURRENT ASSETS
<br /> CASH&TEMPORARY INVESTMENTS 10,347,984 3,357;821'
<br /> ACCOUNTS RECEIVABLE 3,867,108 494,189
<br /> INVENTORIES 1,339,070 14,994
<br /> PREPAID ITEMS 185,748 24,669
<br /> CONSTRUCTION IN PROGRESS 451,807 606,641
<br /> TOTAL CURRENT ASSETS 16,191,718 4,498,314
<br /> RESTRICTED ASSETS
<br /> BOND RESERVE FUND 1,285,160 0
<br /> EMERGENCY RESERVE FUND 2,542,885 1,160,059
<br /> UNRESTRICTED RESERVE FUND 38,884 113,824
<br /> TOTAL RESTRICTED ASSETS 3,866,929 1,273,883
<br /> FIXED ASSETS
<br /> PRODUCTION 457,733 11,642,716
<br /> LFG PROJECT 3,968,994 0
<br /> TRANSMISSION 762,850 0
<br /> DISTRIBUTION 35,917,860 22,531,424
<br /> GENERAL 8,915,312 928;348
<br /> FIXED ASSETS(COST) 50,022,748 35,102,488
<br /> LESS ACCUMULATED DEPRECIATION (23,152,222) (14,926,322)
<br /> TOTAL FIXED ASSETS,NET 26,870,527 20,176,166
<br /> INTANGIBLE ASSETS
<br /> POWER AGENCY MEMBERSHIP BUY-IN 9,393,794 0
<br /> LESS ACCUMULATED AMORTIZATION 0 0
<br /> TOTAL INTANGIBLE ASSETS,NET 9,393,794 0
<br /> OTHER ASSETS AND DEFERRED OUTFLOWS (274,900) 23,175
<br /> TOTAL ASSETS 56,048,067 25,971,538
<br /> LIABILITIES AND FUND EQUITY
<br /> CURRENT LIABILITIES
<br /> ACCOUNTS PAYABLE 4,425,460 607,214
<br /> SALARIES AND BENEFITS PAYABLE 401,012 50,138
<br /> DUE TO CITY 623,228 1,755
<br /> DUE TO OTHER FUNDS 0 0
<br /> BONDS PAYABLE-CURRENT PORTION 0 0
<br /> UNEARNED REVENUE 46,977 148,563
<br /> TOTAL CURRENT LIABILITIES 5,496,677 807,671
<br /> LONG TERM LIABILITIES
<br /> LFG PROJECT 1,214,061 0
<br /> DUE TO COUNTY 0 0
<br /> BONDS PAYABLE,LESS CURRENT PORTION 14,046,960 1,619,290
<br /> PENSION LIABILITIES 2,243,115 234,129
<br /> TOTAL LONG TERM LIABILITIES 17,504,136 1,853,419
<br /> DEFERRED INFLOWS OF RESOURCES 459,746 47,987
<br /> TOTAL LIABILITIES 23,460,559 2,709,076
<br /> FUND EQUITY
<br /> CAPITAL ACCOUNT CONST COST 1,285,160 0
<br /> CONTRIBUTED CAPITAL 0 0
<br /> RETAINED EARNINGS 30,771,224 23,075,111
<br /> NET INCOME(LOSS)(THROUGH PREVIOUS MONTH) 531,125 187,351
<br /> TOTAL FUND EQUITY 32,587,508 23,262,461
<br /> TOTAL LIABILITIES&FUND EQUITY 56,048,067 25,971,538
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