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Elk River Municipal Utilities
<br /> Elk River, Minnesota
<br /> Statement of Net Position
<br /> December 31, 2017
<br /> Electric Water Total
<br /> Assets
<br /> Current Assets
<br /> Cash and temporary investments $ 12,806,032 $ 5,335,070 $ 18,141,102
<br /> Receivables
<br /> Accrued interest 6,668 1,667 8,335
<br /> Accounts, net of allowance 3,259,576 109,579 3,369,155
<br /> Special assessments 2,982 67,618 70,600
<br /> Other receivables 68,732 15,596 84,328
<br /> Due from other City funds 10,875 129,349 140,224
<br /> Inventories 949,694 16,276 965,970
<br /> Prepaid expenses 192,083 32,575 224,658
<br /> Total Current Assets 17,296,642 5,707,730 23,004,372
<br /> Capital Assets
<br /> Land 519,090 159,831 678,921
<br /> Intangible 10,375,677 - 10,375,677
<br /> Land improvements 23,389 - 23,389
<br /> Buildings 2,999,362 850,241 3,849,603
<br /> Equipment and machinery 3,265,761 457,148 3,722,909
<br /> Infrastructure 47,487,089 35,655,825 83,142,914
<br /> Construction in progress 672,161 64,711 736,872
<br /> Capital Assets, Cost 65,342,529 37,187,756 102,530,285
<br /> Less Accumulated Depreciation (25,640,860) (16,438,545) (42,079,405)
<br /> Total Capital Assets, Net 39,701,669 20,749,211 60,450,880
<br /> Other Assets
<br /> Restricted cash 997,660 - 997,660
<br /> Total Assets 57,995,971 26,456,941 84,452,912
<br /> Deferred Outflows of Resources
<br /> Deferred charges on refunding 34,532 8,633 43,165
<br /> Deferred pension resources 881,867 169,845 1,051,712
<br /> Total Deferred Outflows of Resources 916,399 178,478 1,094,877
<br /> The notes to the financial statements are an integral part of this statement.
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