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CITY OF ELK RIVER,MINNESOTA
<br /> Elk Riser Municipal Utilities-Electric System
<br /> Statement of Net Position
<br /> For Fiscal Years Ended December 31
<br /> 2013 2014 2015 2016 2017
<br /> AS•EIS
<br /> Cur ent Assets
<br /> Cash and Investments $ 11,410,293 $ 11,606,610 $ 12,685,126 $ 13,683,031 $ 12,806,032
<br /> Restricted Cash and Investments 647,000 490,500 490,500 997,660 997,660
<br /> Receivables:
<br /> Interest 13,225 363 2,445 4,550 6,668
<br /> Accounts 2,488,572 2,599,664 2,664,494 2,733,204 3,331,290
<br /> Due from Other Governments 12,209 25,832 - - -
<br /> Due from Other Funds - - - 10,416 10,875
<br /> Inventories 963,608 979,129 991,563 793,380 949,694
<br /> Prepaid Items 178,028 175,687 178,779 197,439 192,083
<br /> Total Current Assets $ 15,712,935 $ 15,877,785 $ 17,012,907 $ 18,419,680 $ 18,294,302
<br /> Non urrent Assets
<br /> Capital Assets:
<br /> Nondepreciable $ 1,818,210 $ 470,352 $ 391,068 $ 10,173,274 $ 11,566,928
<br /> Depreciable 54,095,276 46,395,743 48,706,993 51,422,779 53,775,601
<br /> Less:Accumulated Depreciation (28,786,989) (20,038,050) (21,846,450) (23,639,805) (25,640,860)
<br /> Net Capital Assets $ 27,126,497 $ 26,828,045 $ 27,251,611 $ 37,956,248 $ 39,701,669
<br /> Total Noncurrent Assets $ 27,126,497 $ 26,828,045 $ 27,251,611 $ 37,956,248 $ 39,701,669
<br /> TO AL ASSETS $ 42,839,432 $ 42,705,830 $ 44,264,518 $ 56,375,928 $ 57,995,971
<br /> DL5 a • a,OUTFLOWS OF RESOURCES
<br /> Deferred pension resources $ - $ - $ 272,949 $ 1,485,023 $ 881,867
<br /> Deferred Charge on Refunding 60,419 53,827 47,355 41,216 34,532
<br /> Total Deferred Outflow of Resources $ 60,419 $ 53,827 $ 320,304 $ 1,526,239 $ 916,399
<br /> :KITES
<br /> Cur ent Liabilities
<br /> Accounts Payable $ 3,233,508 $ 2,575,115 $ 2,857,622 $ 3,407,185 $ 3,098,700
<br /> Salaries Payable 134,394 150,914 78,030 100,644 101,571
<br /> Due to Other Governments - 129,298 140,014 113,078 163,029
<br /> Due to Other Funds 550,216 603,790 649,413 755,539 790,458
<br /> Unearned Revenue - - - 875 -
<br /> Accrued Interest 82,026 58,867 49,892 155,971 137,744
<br /> Customer deposits payable 869,401
<br /> Compensated Absences Payable(Current) 106,070 58,906 153,002 156,874 150,335
<br /> Notes Payable(Current) 189,353 191,518 194,307 195,216 198,252
<br /> Bonds Payable(Current) 503,000 672,000 692,000 706,000 720,000
<br /> Total Current Liabilities $ 4,798,567 $ 4,440,408 $ 4,814,280 $ 5,591,382 $ 6,229,490
<br /> Non urrent Liabilities
<br /> Compensated Absences Payable $ 137,437 $ 153,350 $ 130,528 $ 152,133 $ 142,346
<br /> Net Other Postemployment Benefits Obligation 45,042 54,932 63,041 70,545 77,143
<br /> Net Pension Liability - - 2,243,115 3,749,423 2,890,601
<br /> - Notes Payable 1,599,871 1,408,358 1,214,061 1,018,860 820,608
<br /> Bonds Payable 4,678,983 3,733,556 3,024,375 12,380,218 11,609,422
<br /> Total Noncurrent Liabilities $ 6,461,333 $ 5,350,196 $ 6,675,120 $ 17,371,179 $ 15,540,120
<br /> TO AL LIABILITIES $ 11,259,900 $ 9,790,604 $ 11,489,400 $ 22,962,561 $ 21,769,610
<br /> D a a•• al INFLOWS OF RESOURCES
<br /> Deferred Pension Resources $ - $ - $ 459,746 $ 415,506 $ 651,486
<br /> POSITION
<br /> Invested in Capital Assets(Net of Related Debt) $ 20,215,709 $ 20,876,440 $ 22,174,223 $ 23,697,170 $ 26,387,919
<br /> Restricted for Debt Service 647,000 490,500 490,500 997,660 997,660
<br /> Unrestricted 10,777,242 11,602,113 9,970,953 9,829,270 9,105,695
<br /> TOTAL NEC POSITION $ 31,639,951 $ 32,969,053 $ 32,635,676 $ 34,524,100 $ 36,491,274
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