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Elk River Municipal Utilities
<br />Elk River, Minnesota
<br />Statement of Net Position
<br />December 31, 2019
<br />ElectricWaterTotal
<br />Assets
<br />Current Assets
<br />Cash and temporary investments$14,881,922$7,692,385$22,574,307
<br />Receivables
<br />Accrued interest6,8911,7238,614
<br />Accounts, net of allowance2,277,497114,0842,391,581
<br />Special assessments3,62928,46932,098
<br />Other receivables105,4636,449111,912
<br />Due from other City funds7,402128,850136,252
<br />Inventories981,9629,644991,606
<br />Prepaid expenses154,83222,411177,243
<br />Total Current Assets18,419,5988,004,01526,423,613
<br />Capital Assets
<br />Land519,090159,831678,921
<br />Intangible24,114,139-24,114,139
<br />Land improvements23,389-23,389
<br />Buildings3,054,428889,9663,944,394
<br />Equipment and machinery3,675,895482,8204,158,715
<br />Infrastructure51,156,64436,115,32287,271,966
<br />Construction in progress677,530334,1781,011,708
<br />Capital Assets, Cost83,221,11537,982,117 121,203,232
<br />Less Accumulated Depreciation(30,444,533)(18,761,109)(49,205,642)
<br />Total Capital Assets, Net52,776,58219,221,00871,997,590
<br />Other Assets
<br />Restricted cash1,261,359-1,261,359
<br />Total Assets72,457,53927,225,02399,682,562
<br />Deferred Outflows of Resources
<br />Deferred charges on refunding21,1645,29126,455
<br />Deferred pension resources244,24640,949285,195
<br />Total Deferred Outflows of Resources265,41046,240311,650
<br />The notes to the financial statements are an integral part of this statement.
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