|
ELK RIVER MUNICIPAL UTILITIES
<br /> ELK RIVER,MINNESOTA
<br /> COMBINED BALANCE SHEET
<br /> FOR PERIOD ENDING FEBRUARY 2019
<br /> ELECTRIC WATER
<br /> ASSETS
<br /> CURRENT ASSETS
<br /> CASH 9,443,029 5,261,550
<br /> ACCOUNTS RECEIVABLE 2,536,548 311,334
<br /> INVENTORIES 836,335 7,751
<br /> PREPAID ITEMS 174,984 24,181
<br /> CONSTRUCTION IN PROGRESS 199,115 13,437
<br /> TOTAL CURRENT ASSETS 13,190,011 5,618,253
<br /> RESTRICTED ASSETS
<br /> BOND RESERVE FUND 1,261,359 0
<br /> EMERGENCY RESERVE FUND 2,657,844 1,188,799
<br /> UNRESTRICTED RESERVE FUND 38,884 113,824
<br /> TOTAL RESTRICTED ASSETS 3,958,087 1,302,623
<br /> FIXED ASSETS
<br /> PRODUCTION 645,285 13,539,819
<br /> LFG PROJECT 3,619,202 0
<br /> TRANSMISSION 2,301,867 0
<br /> DISTRIBUTION 39,870,831 23,042,971
<br /> GENERAL 10,449,424 1,026,164
<br /> FIXED ASSETS(COST) 56,886,608 37,608,954
<br /> LESS ACCUMULATED DEPRECIATION (27,932,492) (17,806,360)
<br /> TOTAL FIXED ASSETS,NET 28,954,116 19,802,594
<br /> INTANGIBLE ASSETS
<br /> POWER AGENCY MEMBERSHIP BUY-IN 21,546,212 0
<br /> LOSS OF REVENUE INTANGIBLE 1,733,743 0
<br /> LESS ACCUMULATED AMORTIZATION (277,238) 0
<br /> TOTAL INTANGIBLE ASSETS,NET 23,002,716 0
<br /> OTHER ASSETS AND DEFERRED OUTFLOWS 550,348 104,581
<br /> TOTAL ASSETS 69,655,279 26,828,051
<br /> LIABILITIES AND FUND EQUITY
<br /> CURRENT LIABILITIES
<br /> ACCOUNTS PAYABLE 3,228,210 196,947
<br /> SALARIES AND BENEFITS PAYABLE 597,470 108,871
<br /> DUE TO CITY 752,130 23,767
<br /> DUE TO OTHER FUNDS 0 0
<br /> NOTES PAYABLE-CURRENT PORTION 167,430 0
<br /> BONDS PAYABLE-CURRENT PORTION 225,000 0
<br /> UNEARNED REVENUE 9,100 92,300
<br /> TOTAL CURRENT LIABILITIES 4,979,340 421,885
<br /> LONG TERM LIABILITIES
<br /> LFG PROJECT 619,692 0
<br /> DUE TO COUNTY 0 0
<br /> BONDS PAYABLE,LESS CURRENT PORTION 21,047,303 874,316
<br /> PENSION LIABILITIES 2,430,359 454,388
<br /> TOTAL LONG TERM LIABILITIES 24,097,354 1,328,704
<br /> TOTAL LIABILITIES 29,076,693 1,750,590
<br /> DEFERRED INFLOWS OF RESOURCES 681,694 127,452
<br /> FUND EQUITY
<br /> CAPITAL ACCOUNT CONST COST 1,261,359 0
<br /> CONTRIBUTED CAPITAL 0 0
<br /> RETAINED EARNINGS 38,190,441 25,041,711
<br /> NET INCOME(LOSS)(THROUGH PREVIOUS MONTH) 445,092 (91,702)
<br /> TOTAL FUND EQUITY 39,896,892 24,950,009
<br /> TOTAL LIABILITIES&FUND EQUITY 69,655,279 26,828,051
<br /> 164
<br />
|