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Elk River Municipal Utilities
<br /> Elk River, Minnesota
<br /> Statement of Net Position (Continued)
<br /> December 31, 2017
<br /> Electric Water Total
<br /> Current Liabilities
<br /> Accounts payable $ 3,098,700 $ 47,026 $ 3,145,726
<br /> Salaries and benefits payable 101,571 14,563 116,134
<br /> Accrued interest payable 137,744 20,360 158,104
<br /> Due to other City funds 790,458 27,164 817,622
<br /> Due to other governments 163,029 2,002 165,031
<br /> Customer deposits payable 869,401 108,675 978,076
<br /> Unearned revenue - 93,336 93,336
<br /> Compensated absences -current portion 150,335 26,204 176,539
<br /> Notes payable-current portion 198,252 - 198,252
<br /> Bonds payable-current portion 720,000 255,000 975,000
<br /> Total Current Liabilities 6,229,490 594,330 6,823,820
<br /> Non-current Liabilities
<br /> Net other postemployment benefits liability 77,143 1,394 78,537
<br /> Compensated absences- less current portion 142,346 21,162 163,508
<br /> Notes payable- less current portion 820,608 - 820,608
<br /> Bonds payable, net- less current portion 11,609,422 1,135,284 12,744,706
<br /> Pension liability 2,890,601 556,723 3,447,324
<br /> Total Non-current Liabilities 15,540,120 1,714,563 17,254,683
<br /> Total Liabilities 21,769,610 2,308,893 24,078,503
<br /> Deferred Inflows of Resources
<br /> Deferred pension resources 651,486 125,475 776,961
<br /> Net Position
<br /> Net investment in capital assets 26,387,919 19,367,560 45,755,479
<br /> Restricted for debt service 997,660 - 997,660
<br /> Unrestricted 9,105,695 4,833,491 13,939,186
<br /> Total Net Position $ 36,491,274 $ 24,201,051 $ 60,692,325
<br /> The notes to the financial statements are an integral part of this statement.
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