|
ELK RIVER MUNICIPAL UTILITIES
<br /> ELK RIVER,MINNESOTA
<br /> COMBINED BALANCE SHEET
<br /> FOR PERIOD ENDING JANUARY 2017
<br /> ELECTRIC WATER
<br /> ASSETS
<br /> CURRENT ASSETS
<br /> CASH 11,274,450 2,854,995
<br /> ACCOUNTS RECEIVABLE 3,121,273 684,187
<br /> INVENTORIES 851,941 11,252
<br /> PREPAID ITEMS 205,577 26,090
<br /> CONSTRUCTION IN PROGRESS 74,599 1,215,859
<br /> TOTAL CURRENT ASSETS 15,527,840 4,792,383
<br /> RESTRICTED ASSETS
<br /> BOND RESERVE FUND 997,660 0
<br /> EMERGENCY RESERVE FUND 2,557,250 1,163,651
<br /> UNRESTRICTED RESERVE FUND 38,884 113,824
<br /> TOTAL RESTRICTED ASSETS 3,593,794 1,277,474
<br /> FIXED ASSETS
<br /> PRODUCTION 457,733 11,700,325
<br /> LFG PROJECT 3,801,373 0
<br /> TRANSMISSION 1,842,806 0
<br /> DISTRIBUTION 36,064,413 22,639,522
<br /> GENERAL 9,596,364 954,418
<br /> FIXED ASSETS(COST) 51,762,690 35,294,266
<br /> LESS ACCUMULATED DEPRECIATION (23,809,810) (15,368,274)
<br /> TOTAL FIXED ASSETS,NET 27,952,880 19,925,991
<br /> INTANGIBLE ASSETS
<br /> POWER AGENCY MEMBERSHIP BUY-IN 9,393,794 0
<br /> LOSS OF REVENUE INTANGIBLE 411,157 0
<br /> LESS ACCUMULATED AMORTIZATION 0 0
<br /> TOTAL INTANGIBLE ASSETS,NET 0 0
<br /> OTHER ASSETS AND DEFERRED OUTFLOWS 313,608 38,655
<br /> TOTAL ASSETS 57,193,072 26,034,503
<br /> LIABILITIES AND FUND EQUITY
<br /> CURRENT LIABILITIES
<br /> ACCOUNTS PAYABLE 3,814,888 318,520
<br /> SALARIES AND BENEFITS PAYABLE 495,018 61,725
<br /> DUE TO CITY 1,221,293 23,592
<br /> DUE TO OTHER FUNDS 0 0
<br /> NOTES PAYABLE-CURRENT PORTION 178,948 0
<br /> BONDS PAYABLE-CURRENT PORTION 630,000 225,000
<br /> UNEARNED REVENUE 10,265 102,542
<br /> TOTAL CURRENT LIABILITIES 6,350,413 731,378
<br /> LONG TERM LIABILITIES
<br /> LFG PROJECT 1,018,860 0
<br /> DUE TO COUNTY 0 0
<br /> BONDS PAYABLE,LESS CURRENT PORTION 12,375,984 1,391,044
<br /> PENSION LIABILITIES 2,243,115 234,129
<br /> TOTAL LONG TERM LIABILITIES 15,637,959 1,625,173
<br /> TOTAL LIABILITIES 21,988,372 2,356,551
<br /> DEFERRED INFLOWS OF RESOURCES 459,746 47,987
<br /> FUND EQUITY
<br /> CAPITAL ACCOUNT CONST COST 997,660 0
<br /> CONTRIBUTED CAPITAL 0 0
<br /> RETAINED EARNINGS 33,742,528 23,685,471
<br /> NET INCOME(LOSS)(THROUGH PREVIOUS MONTH) 4,766 (55,505)
<br /> TOTAL FUND EQUITY 34,744,954 23,629,965
<br /> TOTAL LIABILITIES&FUND EQUITY 57,193,072 26,034,503
<br /> 33
<br />
|