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Elk River Municipal Utilities
<br /> Elk River, Minnesota
<br /> Statement of Net Position
<br /> December 31, 2018
<br /> Electric Water Total
<br /> Assets
<br /> Current Assets
<br /> Cash and temporary investments $ 14,018,088 $ 6,718,151 $ 20,736,239
<br /> Receivables
<br /> Accrued interest 1,017 254 1,271
<br /> Accounts, net of allowance 1,748,148 126,729 1,874,877
<br /> Special assessments 4,832 46,847 51,679
<br /> Other receivables 52,065 4,390 56,455
<br /> Due from other City funds 13,392 129,289 142,681
<br /> Inventories 804,935 15,115 820,050
<br /> Prepaid expenses 174,285 24,632 198,917
<br /> Total Current Assets 16,816,762 7,065,407 23,882,169
<br /> Capital Assets
<br /> Land 519,090 159,831 678,921
<br /> Intangible 23,279,955 - 23,279,955
<br /> Land improvements 23,389 - 23,389
<br /> Buildings 3,031,235 886,093 3,917,328
<br /> Equipment and machinery 3,498,085 471,860 3,969,945
<br /> Infrastructure 49,984,973 35,802,571 85,787,544
<br /> Construction in progress 168,375 299,095 467,470
<br /> Capital Assets, Cost 80,505,102 37,619,450 118,124,552
<br /> Less Accumulated Depreciation (27,925,917) (17,613,963) (45,539,880)
<br /> Total Capital Assets, Net 52,579,185 20,005,487 72,584,672
<br /> Other Assets
<br /> Restricted cash 1,261,359 - 1,261,359
<br /> Total Assets 70,657,306 27,070,894 97,728,200
<br /> Deferred Outflows of Resources
<br /> Deferred charges on refunding 27,848 6,962 34,810
<br /> Deferred pension resources 523,614 97,897 621,511
<br /> Total Deferred Outflows of Resources 551,462 104,859 656,321
<br /> The notes to the financial statements are an integral part of this statement.
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