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Elk River Municipal Utilities
<br /> Elk River, Minnesota
<br /> Statement of Net Position (Continued)
<br /> December 31, 2018
<br /> Electric Water Total
<br /> Current Liabilities
<br /> Accounts payable $ 3,161,658 $ 75,962 $ 3,237,620
<br /> Salaries and benefits payable 116,750 21,283 138,033
<br /> Accrued interest payable 234,920 16,796 251,716
<br /> Due to other City funds 794,213 23,598 817,811
<br /> Due to other governments 149,807 2,863 152,670
<br /> Customer deposits payable 946,460 110,275 1,056,735
<br /> Unearned revenue - 97,069 97,069
<br /> Compensated absences-current portion 169,375 27,757 197,132
<br /> Notes payable-current portion 200,916 - 200,916
<br /> Bonds payable-current portion 940,000 260,000 1,200,000
<br /> Total Current Liabilities 6,714,099 635,603 7,349,702
<br /> Non-current Liabilities
<br /> Other postemployment benefits 82,413 18,159 100,572
<br /> Compensated absences-less current portion 172,831 23,988 196,819
<br /> Notes payable-less current portion 619,692 - 619,692
<br /> Bonds payable, net-less current portion 21,055,881 874,455 21,930,336
<br /> Pension liability 2,430,359 454,388 2,884,747
<br /> Total Non-current Liabilities 24,361,176 1,370,990 25,732,166
<br /> Total Liabilities 31,075,275 2,006,593 33,081,868
<br /> Deferred Inflows of Resources
<br /> Deferred pension resources 681,694 127,452 809,146
<br /> Net Position
<br /> Net investment in capital assets 29,790,544 18,877,994 48,668,538
<br /> Restricted for debt service 1,261,359 - 1,261,359
<br /> Unrestricted 8,399,896 6,163,714 14,563,610
<br /> Total Net Position $ 39,451,799 $ 25,041,708 $ 64,493,507
<br /> The notes to the financial statements are an integral part of this statement.
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