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ELK RIVER MUNICIPAL UTILITIES
<br />ELK RIVER, MINNESOTA
<br />COMBINED BALANCE SHEET
<br />FOR PERIOD ENDING DECEMBER 2020
<br />ELECTRIC WATER
<br />ASSETS
<br />CURRENT ASSETS
<br /> CASH 6,918,53913,665,883
<br /> ACCOUNTS RECEIVABLE 429,0571,756,653
<br /> INVENTORIES 8,379843,909
<br /> PREPAID ITEMS 32,117212,432
<br /> CONSTRUCTION IN PROGRESS 11,2241,198,518
<br /> TOTAL CURRENT ASSETS 7,399,31617,677,395
<br />RESTRICTED ASSETS
<br /> BOND RESERVE FUND 01,261,359
<br /> EMERGENCY RESERVE FUND 1,331,7372,813,184
<br /> UNRESTRICTED RESERVE FUND 00
<br /> TOTAL RESTRICTED ASSETS 1,331,7374,074,543
<br />FIXED ASSETS
<br /> PRODUCTION 14,788,511645,379
<br /> LFG PROJECT 03,851,442
<br /> TRANSMISSION 02,305,024
<br /> DISTRIBUTION 23,082,16942,428,846
<br /> GENERAL 1,043,94211,474,012
<br /> FIXED ASSETS (COST)38,914,62260,704,701
<br /> LESS ACCUMULATED DEPRECIATION (19,869,847)(31,648,636)
<br /> TOTAL FIXED ASSETS, NET 19,044,77529,056,066
<br />INTANGIBLE ASSETS
<br /> POWER AGENCY MEMBERSHIP BUY-IN 021,546,212
<br /> LOSS OF REVENUE INTANGIBLE 03,425,465
<br /> LESS ACCUMULATED AMORTIZATION 0(1,502,153)
<br /> TOTAL INTANGIBLE ASSETS, NET 023,469,524
<br />OTHER ASSETS AND DEFERRED OUTFLOWS 44,569258,727
<br /> TOTAL ASSETS 27,820,39774,536,255
<br />LIABILITIES AND FUND EQUITY
<br />CURRENT LIABILITIES
<br /> ACCOUNTS PAYABLE 237,4964,755,194
<br /> SALARIES AND BENEFITS PAYABLE 154,925685,006
<br /> DUE TO CITY 793751,390
<br /> DUE TO OTHER FUNDS 00
<br /> NOTES PAYABLE-CURRENT PORTION 0206,616
<br /> BONDS PAYABLE-CURRENT PORTION 282,000953,000
<br /> UNEARNED REVENUE 127,4900
<br /> TOTAL CURRENT LIABILITIES 802,7037,351,206
<br />LONG TERM LIABILITIES
<br /> LFG PROJECT 0209,124
<br /> DUE TO COUNTY 00
<br /> BONDS PAYABLE, LESS CURRENT PORTION 319,79619,075,944
<br /> PENSION LIABILITIES 418,1552,456,809
<br /> TOTAL LONG TERM LIABILITIES 737,95121,741,877
<br /> TOTAL LIABILITIES 1,540,65529,093,083
<br />DEFERRED INFLOWS OF RESOURCES 88,042520,934
<br />FUND EQUITY
<br /> CAPITAL ACCOUNT CONST COST 01,261,359
<br /> CONTRIBUTED CAPITAL 00
<br /> RETAINED EARNINGS 25,357,70440,790,749
<br /> NET INCOME (LOSS) (THROUGH PREVIOUS MONTH)833,9962,870,130
<br /> TOTAL FUND EQUITY 26,191,70044,922,238
<br /> TOTAL LIABILITIES & FUND EQUITY 27,820,39774,536,255
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