|
CITY OF ELK RIVER, MINNESOTA
<br />Elk River Municipal Utilities - Electric System
<br />Statement of Net Position
<br />For Fiscal Years Ended December 31
<br />20152016201720182019
<br />ASSETS
<br />Current Assets
<br />Cash and Investments$ 12,685,126$ 13,683,031$ 12,806,032$ 14,018,088$ 14,881,922
<br />Restricted Cash and Investments490,500997,660997,6601,261,3591,261,359
<br />Receivables:
<br /> Interest2,4454,5506,6681,0176,891
<br /> Accounts2,664,4942,733,2043,331,2901,805,0452,386,589
<br />Due from Other Funds-10,41610,87513,3927,402
<br />Inventories991,563793,380949,694804,935981,962
<br />Prepaid Items178,779197,439192,083174,285154,832
<br />Total Current Assets$ 17,012,907$ 18,419,680$ 18,294,302$ 18,078,121$ 19,680,957
<br />Noncurrent Assets
<br />Capital Assets:
<br /> Nondepreciable$ 391,068$ 10,173,274$ 11,566,928$ 687,465$ 1,196,620
<br /> Depreciable48,706,99351,422,77953,775,60179,817,63782,024,495
<br /> Less: Accumulated Depreciation(21,846,450)(23,639,805)(25,640,860)(27,925,917)(30,444,533)
<br />Net Capital Assets$ 27,251,611$ 37,956,248$ 39,701,669$ 52,579,185$ 52,776,582
<br />Total Noncurrent Assets$ 27,251,611$ 37,956,248$ 39,701,669$ 52,579,185$ 52,776,582
<br />TOTAL ASSETS$ 44,264,518$ 56,375,928$ 57,995,971$ 70,657,306$ 72,457,539
<br />DEFERRED OUTFLOWS OF RESOURCES
<br />Deferred outflows - pensions$ 272,949$ 1,485,023$ 881,867$ 523,614$ 244,246
<br />Deferred Charge on Refunding47,35541,21634,53227,84821,164
<br />Total Deferred Outflow of Resources$ 320,304$ 1,526,239$ 916,399$ 551,462$ 265,410
<br />LIABILITIES
<br />Current Liabilities
<br />Accounts and Contracts Payable$ 2,857,622$ 3,407,185$ 3,098,700$ 3,161,658$ 3,205,772
<br />Salaries Payable78,030100,644101,571116,750138,648
<br />Due to Other Governments140,014113,078163,029149,807159,286
<br />Due to Other Funds649,413755,539790,458794,213862,386
<br />Unearned Revenue-875--3,000
<br />Accrued Interest49,892155,971137,744234,920282,496
<br />Customer deposits payable--869,401946,460884,299
<br />Compensated Absences Payable (Current)153,002156,874150,335169,375358,161
<br />Notes Payable (Current)194,307195,216198,252200,916203,952
<br />Bonds Payable (Current)692,000706,000720,000940,000924,000
<br />Total Current Liabilities$ 4,814,280$ 5,591,382$ 6,229,490$ 6,714,099$ 7,022,000
<br />Noncurrent Liabilities
<br />Compensated Absences Payable$ 130,528$ 152,133$ 142,346$ 172,831$ -
<br />Net Other Postemployment Benefits Obligation63,04170,54577,14382,413174,950
<br />Net Pension Liability2,243,1153,749,4232,890,6012,430,3592,456,809
<br />Notes Payable1,214,0611,018,860820,608619,692415,740
<br />Bonds Payable3,024,37512,380,21811,609,42221,055,88120,080,411
<br />Total Noncurrent Liabilities$ 6,675,120$ 17,371,179$ 15,540,120$ 24,361,176$ 23,127,910
<br />TOTAL LIABILITIES$ 11,489,400$ 22,962,561$ 21,769,610$ 31,075,275$ 30,149,910
<br />DEFERRED INFLOWS OF RESOURCES
<br />Deferred Pension Resources$ 459,746$ 415,506$ 651,486$ 681,694$ 520,934
<br />NET POSITION
<br />Invested in Capital Assets (Net of Related Debt)$ 22,174,223$ 23,697,170$ 26,387,919$ 29,790,544$ 31,173,643
<br />Restricted for Debt Service490,500997,660997,6601,261,3591,261,359
<br />Unrestricted9,970,9539,829,2709,105,6958,399,8969,617,103
<br />TOTAL NET POSITION$ 32,635,676$ 34,524,100$ 36,491,274$ 39,451,799$ 42,052,105
<br />- 18 -
<br />283
<br />
|