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ELK RIVER MUNICIPAL UTILITIES
<br />ELK RIVER, MINNESOTA
<br />COMBINED BALANCE SHEET
<br />FOR PERIOD ENDING FEBRUARY 2021
<br />ELECTRICWATER
<br />ASSETS
<br />CURRENT ASSETS
<br /> CASH11,528,2656,797,126
<br /> ACCOUNTS RECEIVABLE2,193,162275,969
<br /> INVENTORIES881,73510,301
<br /> PREPAID ITEMS261,24851,363
<br /> CONSTRUCTION IN PROGRESS1,410,13591,236
<br /> TOTAL CURRENT ASSETS16,274,5457,225,995
<br />RESTRICTED ASSETS
<br /> BOND RESERVE FUND1,261,3590
<br /> EMERGENCY RESERVE FUND2,816,4391,332,551
<br /> UNRESTRICTED RESERVE FUND00
<br /> TOTAL RESTRICTED ASSETS4,077,7981,332,551
<br />FIXED ASSETS
<br /> PRODUCTION645,37914,788,511
<br /> LFG PROJECT3,851,4420
<br /> TRANSMISSION2,305,0240
<br /> DISTRIBUTION42,509,50123,559,363
<br /> GENERAL11,518,0591,051,442
<br /> FIXED ASSETS (COST)60,829,40439,399,316
<br /> LESS ACCUMULATED DEPRECIATION(32,026,090)(20,062,367)
<br /> TOTAL FIXED ASSETS, NET28,803,31419,336,949
<br />INTANGIBLE ASSETS
<br /> POWER AGENCY MEMBERSHIP BUY-IN21,546,2120
<br /> LOSS OF REVENUE INTANGIBLE3,425,4650
<br /> LESS ACCUMULATED AMORTIZATION(1,613,509)0
<br /> TOTAL INTANGIBLE ASSETS, NET23,358,1680
<br />OTHER ASSETS AND DEFERRED OUTFLOWS290,36847,043
<br /> TOTAL ASSETS 72,804,19427,942,537
<br />LIABILITIES AND FUND EQUITY
<br />CURRENT LIABILITIES
<br /> ACCOUNTS PAYABLE3,452,284234,518
<br /> SALARIES AND BENEFITS PAYABLE771,990173,654
<br /> DUE TO CITY812,95430,903
<br /> DUE TO OTHER FUNDS00
<br /> NOTES PAYABLE-CURRENT PORTION172,1800
<br /> BONDS PAYABLE-CURRENT PORTION185,0000
<br /> UNEARNED REVENUE8,656117,332
<br /> TOTAL CURRENT LIABILITIES5,403,064556,408
<br />LONG TERM LIABILITIES
<br /> LFG PROJECT209,1240
<br /> DUE TO COUNTY00
<br /> BONDS PAYABLE, LESS CURRENT PORTION19,067,366319,658
<br /> PENSION LIABILITIES2,791,010446,537
<br /> TOTAL LONG TERM LIABILITIES22,067,500766,195
<br /> TOTAL LIABILITIES 27,470,5641,322,603
<br />DEFERRED INFLOWS OF RESOURCES140,16021,807
<br />FUND EQUITY
<br /> CAPITAL ACCOUNT CONST COST1,261,3590
<br /> CONTRIBUTED CAPITAL00
<br /> RETAINED EARNINGS43,687,01626,706,998
<br /> NET INCOME (LOSS) (THROUGH PREVIOUS MONTH)245,095(108,871)
<br /> TOTAL FUND EQUITY45,193,47026,598,127
<br /> TOTAL LIABILITIES & FUND EQUITY 72,804,19427,942,537
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