|
ELK RIVER MUNICIPAL UTILITIES
<br /> ELK RIVER,MINNESOTA
<br /> COMBINED BALANCE SHEET
<br /> FOR PERIOD ENDING JUNE 2017
<br /> ELECTRIC WATER
<br /> ASSETS
<br /> CURRENT ASSETS
<br /> CASH 10,111,425 2,970,020
<br /> ACCOUNTS RECEIVABLE 3,159,705 437,591
<br /> INVENTORIES 1,352,024 16,680
<br /> PREPAID ITEMS 198,121 32,318
<br /> CONSTRUCTION IN PROGRESS 870,826 1,604,049
<br /> TOTAL CURRENT ASSETS 15,692,101 5,060,659
<br /> RESTRICTED ASSETS
<br /> BOND RESERVE FUND 997,660 0
<br /> EMERGENCY RESERVE FUND 2,571,100 1,167,113
<br /> UNRESTRICTED RESERVE FUND 38,884 113,824
<br /> TOTAL RESTRICTED ASSETS 3,607,643 1,280,937
<br /> FIXED ASSETS
<br /> PRODUCTION 636,817 11,772,749
<br /> LFG PROJECT 3,801,373 0
<br /> TRANSMISSION 1,842,806 0
<br /> DISTRIBUTION 36,303,502 22,707,273
<br /> GENERAL 9,483,179 1,023,792
<br /> FIXED ASSETS(COST) 52,067,677 35,503,814
<br /> LESS ACCUMULATED DEPRECIATION (24,635,168) (15,847,103)
<br /> TOTAL FIXED ASSETS,NET 27,432,510 19,656,711
<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 9,804,951 0
<br /> OTHER ASSETS AND DEFERRED OUTFLOWS 1,522,897 158,106
<br /> TOTAL ASSETS 58,060,102 26,156,413
<br /> LIABILITIES AND FUND EQUITY
<br /> CURRENT LIABILITIES
<br /> ACCOUNTS PAYABLE 4,438,638 230,644
<br /> SALARIES AND BENEFITS PAYABLE 434,414 54,098
<br /> DUE TO CITY 687,904 1,719
<br /> DUE TO OTHER FUNDS 0 0
<br /> NOTES PAYABLE-CURRENT PORTION 97,608 0
<br /> BONDS PAYABLE-CURRENT PORTION 410,000 0
<br /> UNEARNED REVENUE 5,997 165,912
<br /> TOTAL CURRENT LIABILITIES 6,074,561 452,373
<br /> LONG TERM LIABILITIES
<br /> LFG PROJECT 1,018,860 0
<br /> DUE TO COUNTY 0 0
<br /> BONDS PAYABLE,LESS CURRENT PORTION 12,354,820 1,390,699
<br /> PENSION LIABILITIES 3,749,423 375,285
<br /> TOTAL LONG TERM LIABILITIES 17,123,103 1,765,984
<br /> TOTAL LIABILITIES 23,197,664 2,218,357
<br /> DEFERRED INFLOWS OF RESOURCES 415,506 41,589
<br /> FUND EQUITY
<br /> CAPITAL ACCOUNT CONST COST 997,660 0
<br /> CONTRIBUTED CAPITAL 0 0
<br /> RETAINED EARNINGS 33,315,515 23,670,861
<br /> NET INCOME(LOSS)(THROUGH PREVIOUS MONTH) 133,757 225,607
<br /> TOTAL FUND EQUITY 34,446,932 23,896,467
<br /> TOTAL LIABILITIES&FUND EQUITY 58,060,102 26,156,413
<br /> 48
<br />
|