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ELK RIVER MUNICIPAL UTILITIES
<br />ELK RIVER, MINNESOTA
<br />COMBINED BALANCE SHEET
<br />FOR PERIOD ENDING JANUARY 2020
<br />ELECTRICWATER
<br />ASSETS
<br />CURRENT ASSETS
<br /> CASH12,741,9606,420,341
<br /> ACCOUNTS RECEIVABLE2,311,039276,126
<br /> INVENTORIES1,007,6437,711
<br /> PREPAID ITEMS226,28827,629
<br /> CONSTRUCTION IN PROGRESS713,909338,466
<br /> TOTAL CURRENT ASSETS17,000,8407,070,272
<br />RESTRICTED ASSETS
<br /> BOND RESERVE FUND1,261,3590
<br /> EMERGENCY RESERVE FUND2,762,2551,319,005
<br /> UNRESTRICTED RESERVE FUND00
<br /> TOTAL RESTRICTED ASSETS4,023,6141,319,005
<br />FIXED ASSETS
<br /> PRODUCTION645,28513,567,845
<br /> LFG PROJECT3,851,4420
<br /> TRANSMISSION2,305,0240
<br /> DISTRIBUTION40,971,51323,042,971
<br /> GENERAL10,758,4071,032,460
<br /> FIXED ASSETS (COST)58,531,67037,643,276
<br /> LESS ACCUMULATED DEPRECIATION(29,756,560)(18,849,560)
<br /> TOTAL FIXED ASSETS, NET28,775,11018,793,716
<br />INTANGIBLE ASSETS
<br /> POWER AGENCY MEMBERSHIP BUY-IN21,546,2120
<br /> LOSS OF REVENUE INTANGIBLE2,567,9270
<br /> LESS ACCUMULATED AMORTIZATION(889,696)0
<br /> TOTAL INTANGIBLE ASSETS, NET23,224,4430
<br />OTHER ASSETS AND DEFERRED OUTFLOWS264,85346,101
<br />73,288,86027,229,094
<br /> TOTAL ASSETS
<br />LIABILITIES AND FUND EQUITY
<br />CURRENT LIABILITIES
<br /> ACCOUNTS PAYABLE4,733,859276,774
<br /> SALARIES AND BENEFITS PAYABLE719,687141,763
<br /> DUE TO CITY967,87034,559
<br /> DUE TO OTHER FUNDS00
<br /> NOTES PAYABLE-CURRENT PORTION186,9560
<br /> BONDS PAYABLE-CURRENT PORTION840,000250,000
<br /> UNEARNED REVENUE14,273115,345
<br /> TOTAL CURRENT LIABILITIES7,462,645818,440
<br />LONG TERM LIABILITIES
<br /> LFG PROJECT415,7400
<br /> DUE TO COUNTY00
<br /> BONDS PAYABLE, LESS CURRENT PORTION20,076,123602,556
<br /> PENSION LIABILITIES2,456,809418,155
<br /> TOTAL LONG TERM LIABILITIES22,948,6721,020,711
<br />30,411,3171,839,152
<br /> TOTAL LIABILITIES
<br />DEFERRED INFLOWS OF RESOURCES520,93488,042
<br />FUND EQUITY
<br /> CAPITAL ACCOUNT CONST COST1,261,3590
<br /> CONTRIBUTED CAPITAL00
<br /> RETAINED EARNINGS40,790,74825,357,704
<br /> NET INCOME (LOSS) (THROUGH PREVIOUS MONTH)304,502(55,804)
<br /> TOTAL FUND EQUITY42,356,60925,301,900
<br />73,288,86027,229,094
<br /> TOTAL LIABILITIES & FUND EQUITY
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