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ELK RIVER MUNICIPAL UTILITIES
<br /> ELK RIVER,MINNESOTA
<br /> COMBINED BALANCE SHEET
<br /> FOR PERIOD ENDING NOVEMBER 2018
<br /> ELECTRIC WATER
<br /> ASSETS
<br /> CURRENT ASSETS
<br /> CASH 10,504,075 5,379,650
<br /> ACCOUNTS RECEIVABLE 2,632,555 298,409
<br /> INVENTORIES 844,524 12,887
<br /> PREPAID ITEMS 165,434 25,187
<br /> CONSTRUCTION IN PROGRESS 1,120,411 303,795
<br /> TOTAL CURRENT ASSETS 15,266,998 6,019,927
<br /> RESTRICTED ASSETS
<br /> BOND RESERVE FUND 1,261,359 0
<br /> EMERGENCY RESERVE FUND 2,638,468 1,183,955
<br /> UNRESTRICTED RESERVE FUND 38,884 113,824
<br /> TOTAL RESTRICTED ASSETS 3,938,711 1,297,779
<br /> FIXED ASSETS
<br /> PRODUCTION 645,285 13,530,438
<br /> LFG PROJECT 3,801,373 0
<br /> TRANSMISSION 2,301,867 0
<br /> DISTRIBUTION 38,899,813 22,739,706
<br /> GENERAL 10,419,684 1,021,765
<br /> FIXED ASSETS(COST) 56,068,022 37,291,909
<br /> LESS ACCUMULATED DEPRECIATION (27,582,616) (17,517,969)
<br /> TOTAL FIXED ASSETS,NET 28,485,406 19,773,940
<br /> INTANGIBLE ASSETS
<br /> POWER AGENCY MEMBERSHIP BUY-IN 21,546,212 0
<br /> LOSS OF REVENUE INTANGIBLE 981,883 0
<br /> LESS ACCUMULATED AMORTIZATION (110,205) 0
<br /> TOTAL INTANGIBLE ASSETS,NET 22,417,890 0
<br /> OTHER ASSETS AND DEFERRED OUTFLOWS 910,272 176,946
<br /> TOTAL ASSETS 71,019,276 27,268,593
<br /> LIABILITIES AND FUND EQUITY
<br /> CURRENT LIABILITIES
<br /> ACCOUNTS PAYABLE 3,899,185 220,142
<br /> SALARIES AND BENEFITS PAYABLE 511,879 82,982
<br /> DUE TO CITY 643,387 2,124
<br /> DUE TO OTHER FUNDS 0 0
<br /> NOTES PAYABLE-CURRENT PORTION 16,521 0
<br /> BONDS PAYABLE-CURRENT PORTION 0 0
<br /> UNEARNED REVENUE 856 115,573
<br /> TOTAL CURRENT LIABILITIES 5,071,828 420,822
<br /> LONG TERM LIABILITIES
<br /> LFG PROJECT 820,608 0
<br /> DUE TO COUNTY 0 0
<br /> BONDS PAYABLE,LESS CURRENT PORTION 22,000,170 1,134,524
<br /> PENSION LIABILITIES 2,890,601 556,723
<br /> TOTAL LONG TERM LIABILITIES 25,711,379 1,691,247
<br /> TOTAL LIABILITIES 30,783,207 2,112,068
<br /> DEFERRED INFLOWS OF RESOURCES 651,486 125,475
<br /> FUND EQUITY
<br /> CAPITAL ACCOUNT CONST COST 1,261,359 0
<br /> CONTRIBUTED CAPITAL 0 0
<br /> RETAINED EARNINGS 35,229,923 24,201,051
<br /> NET INCOME(LOSS)(THROUGH PREVIOUS MONTH) 3,093,302 829,999
<br /> TOTAL FUND EQUITY 39,584,584 25,031,050
<br /> TOTAL LIABILITIES&FUND EQUITY 71,019,276 27,268,593
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