|
ELK RIVER MUNICIPAL UTILITIES
<br /> ELK RIVER,MINNESOTA
<br /> COMBINED BALANCE SHEET
<br /> FOR PERIOD ENDING JULY 2019
<br /> ELECTRIC WATER
<br /> ASSETS
<br /> CURRENT ASSETS
<br /> CASH 10,893,355 5,774,999
<br /> ACCOUNTS RECEIVABLE 2,257,291 343,695
<br /> INVENTORIES 1,022,196 16,539
<br /> PREPAID ITEMS 133,584 14,317
<br /> CONSTRUCTION IN PROGRESS 565,668 121,729
<br /> TOTAL CURRENT ASSETS 14,872,093 6,271,280
<br /> RESTRICTED ASSETS
<br /> BOND RESERVE FUND 1,261,359 0
<br /> EMERGENCY RESERVE FUND 2,727,317 1,310,270
<br /> UNRESTRICTED RESERVE FUND 0 0
<br /> TOTAL RESTRICTED ASSETS 3,988,676 1,310,270
<br /> FIXED ASSETS
<br /> PRODUCTION 645,285 13,539,819
<br /> LFG PROJECT 3,831,132 0
<br /> TRANSMISSION 2,313,413 0
<br /> DISTRIBUTION 40,157,980 23,042,971
<br /> GENERAL 10,611,485 1,031,318
<br /> FIXED ASSETS(COST) 57,559,294 37,614,108
<br /> LESS ACCUMULATED DEPRECIATION (28,697,239) (18,286,927)
<br /> TOTAL FIXED ASSETS,NET 28,862,055 19,327,181
<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 (555,628) 0
<br /> TOTAL INTANGIBLE ASSETS,NET 22,724,326 0
<br /> OTHER ASSETS AND DEFERRED OUTFLOWS 547,563 103,885
<br /> TOTAL ASSETS 70,994,713 27,012,616
<br /> LIABILITIES AND FUND EQUITY
<br /> CURRENT LIABILITIES
<br /> ACCOUNTS PAYABLE 4,556,134 298,871
<br /> SALARIES AND BENEFITS PAYABLE 565,535 97,481
<br /> DUE TO CITY 836,413 1,968
<br /> DUE TO OTHER FUNDS 0 0
<br /> NOTES PAYABLE-CURRENT PORTION 83,715 0
<br /> BONDS PAYABLE-CURRENT PORTION 225,000 0
<br /> UNEARNED REVENUE 4,550 160,440
<br /> TOTAL CURRENT LIABILITIES 6,271,348 558,760
<br /> LONG TERM LIABILITIES
<br /> LFG PROJECT 619,692 0
<br /> DUE TO COUNTY 0 0
<br /> BONDS PAYABLE,LESS CURRENT PORTION 21,025,858 873,971
<br /> PENSION LIABILITIES 2,430,359 454,388
<br /> TOTAL LONG TERM LIABILITIES 24,075,909 1,328,359
<br /> TOTAL LIABILITIES 30,347,256 1,887,119
<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) 513,963 (43,666)
<br /> TOTAL FUND EQUITY 39,965,763 24,998,045
<br /> TOTAL LIABILITIES&FUND EQUITY 70,994,713 27,012,616
<br /> 171
<br />
|