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ELK RIVER MUNICIPAL UTILITIES
<br /> ELK RIVER,MINNESOTA
<br /> COMBINED BALANCE SHEET
<br /> FOR PERIOD ENDING NOVEMBER 2016
<br /> ELECTRIC WATER
<br /> ASSETS
<br /> CURRENT ASSETS
<br /> CASH 10,419,815 3,169,383
<br /> ACCOUNTS RECEIVABLE 3,094,609 339,622
<br /> INVENTORIES 956,161 13,383
<br /> PREPAID ITEMS 204,535 28,864
<br /> CONSTRUCTION IN PROGRESS 958,012 784,299
<br /> TOTAL CURRENT ASSETS 15,633,131 4,335,551
<br /> RESTRICTED ASSETS
<br /> BOND RESERVE FUND 997,660 0
<br /> EMERGENCY RESERVE FUND 2,549,631 1,161,746
<br /> UNRESTRICTED RESERVE FUND 38,884 113,824
<br /> TOTAL RESTRICTED ASSETS 3,586,175 1,275,570
<br /> FIXED ASSETS
<br /> PRODUCTION 457,733 11,689,345
<br /> LFG PROJECT 3,801,373 0
<br /> TRANSMISSION 1,842,806 0
<br /> DISTRIBUTION 34,952,990 22,560,671
<br /> GENERAL 9,686,948 996,577
<br /> FIXED ASSETS(COST) 50,741,851 35,246,593
<br /> LESS ACCUMULATED DEPRECIATION (23,561,432) (15,216,750)
<br /> TOTAL FIXED ASSETS,NET 27,180,419 20,029,843
<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 314,371 38,788
<br /> TOTAL ASSETS 56,107,890 25,679,751
<br /> LIABILITIES AND FUND EQUITY
<br /> CURRENT LIABILITIES
<br /> ACCOUNTS PAYABLE 3,026,762 202,449
<br /> SALARIES AND BENEFITS PAYABLE 477,772 59,597
<br /> DUE TO CITY 587,374 1,419
<br /> DUE TO OTHER FUNDS 0 0
<br /> BONDS PAYABLE-CURRENT PORTION 0 0
<br /> UNEARNED REVENUE 1,719 104,450
<br /> TOTAL CURRENT LIABILITIES 4,093,628 367,915
<br /> LONG TERM LIABILITIES
<br /> LFG PROJECT 1,214,061 0
<br /> DUE TO COUNTY 0 0
<br /> BONDS PAYABLE,LESS CURRENT PORTION 13,090,162 1,635,110
<br /> PENSION LIABILITIES 2,243,115 234,129
<br /> TOTAL LONG TERM LIABILITIES 16,547,338 1,869,239
<br /> DEFERRED INFLOWS OF RESOURCES 459,746 47,987
<br /> TOTAL LIABILITIES 21,100,712 2,285,142
<br /> FUND EQUITY
<br /> CAPITAL ACCOUNT CONST COST 997,660 0
<br /> CONTRIBUTED CAPITAL 0 0
<br /> RETAINED EARNINGS 30,821,489 23,075,111
<br /> NET INCOME(LOSS)(THROUGH PREVIOUS MONTH) 3,188,030 319,499
<br /> TOTAL FUND EQUITY 35,007,179 23,394,610
<br /> TOTAL LIABILITIES&FUND EQUITY 56,107,890 25,679,751
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