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ELK RIVER MUNICIPAL UTILITIES
<br />ELK RIVER, MINNESOTA
<br />COMBINED BALANCE SHEET
<br />FOR PERIOD ENDING MARCH 2021
<br />ELECTRIC WATER
<br />ASSETS
<br />CURRENT ASSETS
<br /> CASH 6,863,66511,857,834
<br /> ACCOUNTS RECEIVABLE 234,6321,901,459
<br /> INVENTORIES 11,048909,760
<br /> PREPAID ITEMS 46,039269,262
<br /> CONSTRUCTION IN PROGRESS 23,8581,522,549
<br /> TOTAL CURRENT ASSETS 7,179,24316,460,863
<br />RESTRICTED ASSETS
<br /> BOND RESERVE FUND 01,261,359
<br /> EMERGENCY RESERVE FUND 1,333,0082,818,269
<br /> UNRESTRICTED RESERVE FUND 00
<br /> TOTAL RESTRICTED ASSETS 1,333,0084,079,628
<br />FIXED ASSETS
<br /> PRODUCTION 14,814,629645,379
<br /> LFG PROJECT 03,851,442
<br /> TRANSMISSION 02,305,024
<br /> DISTRIBUTION 23,632,64142,528,348
<br /> GENERAL 1,051,74211,549,362
<br /> FIXED ASSETS (COST)39,499,01260,879,553
<br /> LESS ACCUMULATED DEPRECIATION (20,159,090)(32,069,254)
<br /> TOTAL FIXED ASSETS, NET 19,339,92328,810,299
<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(1,669,187)
<br /> TOTAL INTANGIBLE ASSETS, NET 023,302,491
<br />OTHER ASSETS AND DEFERRED OUTFLOWS 46,904289,811
<br /> TOTAL ASSETS 27,899,07872,943,091
<br />LIABILITIES AND FUND EQUITY
<br />CURRENT LIABILITIES
<br /> ACCOUNTS PAYABLE 288,2693,680,605
<br /> SALARIES AND BENEFITS PAYABLE 181,720782,334
<br /> DUE TO CITY 1,724781,789
<br /> DUE TO OTHER FUNDS 00
<br /> NOTES PAYABLE-CURRENT PORTION 0154,962
<br /> BONDS PAYABLE-CURRENT PORTION 0185,000
<br /> UNEARNED REVENUE 94,7067,624
<br /> TOTAL CURRENT LIABILITIES 566,4195,592,314
<br />LONG TERM LIABILITIES
<br /> LFG PROJECT 0209,124
<br /> DUE TO COUNTY 00
<br /> BONDS PAYABLE, LESS CURRENT PORTION 319,58919,063,077
<br /> PENSION LIABILITIES 446,5372,791,010
<br /> TOTAL LONG TERM LIABILITIES 766,12622,063,211
<br /> TOTAL LIABILITIES 1,332,54427,655,524
<br />DEFERRED INFLOWS OF RESOURCES 21,807140,160
<br />FUND EQUITY
<br /> CAPITAL ACCOUNT CONST COST 01,261,359
<br /> CONTRIBUTED CAPITAL 00
<br /> RETAINED EARNINGS 26,706,99943,687,015
<br /> NET INCOME (LOSS) (THROUGH PREVIOUS MONTH)(162,273)199,033
<br /> TOTAL FUND EQUITY 26,544,72645,147,407
<br /> TOTAL LIABILITIES & FUND EQUITY 27,899,07872,943,091
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