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ELK RIVER MUNICIPAL UTILITIES
<br />ELK RIVER, MINNESOTA
<br />COMBINED BALANCE SHEET
<br />FOR PERIOD ENDING MAY 2021
<br />ELECTRIC WATER
<br />ASSETS
<br />CURRENT ASSETS
<br /> CASH 6,895,63723,797,635
<br /> ACCOUNTS RECEIVABLE 278,3311,921,080
<br /> INVENTORIES 21,4391,138,920
<br /> PREPAID ITEMS 35,467212,071
<br /> CONSTRUCTION IN PROGRESS 31,0052,038,597
<br /> TOTAL CURRENT ASSETS 7,261,87829,108,303
<br />RESTRICTED ASSETS
<br /> BOND RESERVE FUND 01,779,016
<br /> EMERGENCY RESERVE FUND 1,334,1152,822,697
<br /> UNRESTRICTED RESERVE FUND 00
<br /> TOTAL RESTRICTED ASSETS 1,334,1154,601,712
<br />FIXED ASSETS
<br /> PRODUCTION 14,805,401788,761
<br /> LFG PROJECT 03,851,442
<br /> TRANSMISSION 02,305,024
<br /> DISTRIBUTION 23,632,64142,695,774
<br /> GENERAL 1,053,79011,387,954
<br /> FIXED ASSETS (COST)39,491,83361,028,955
<br /> LESS ACCUMULATED DEPRECIATION (20,341,655)(32,414,156)
<br /> TOTAL FIXED ASSETS, NET 19,150,17828,614,799
<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(1,780,543)
<br /> TOTAL INTANGIBLE ASSETS, NET 023,191,135
<br />OTHER ASSETS AND DEFERRED OUTFLOWS 46,625288,697
<br /> TOTAL ASSETS 27,792,79785,804,645
<br />LIABILITIES AND FUND EQUITY
<br />CURRENT LIABILITIES
<br /> ACCOUNTS PAYABLE 316,6804,259,521
<br /> SALARIES AND BENEFITS PAYABLE 108,498440,144
<br /> DUE TO CITY 1,034674,106
<br /> DUE TO OTHER FUNDS 00
<br /> NOTES PAYABLE-CURRENT PORTION 0120,526
<br /> BONDS PAYABLE-CURRENT PORTION 0185,000
<br /> UNEARNED REVENUE 49,4525,930
<br /> TOTAL CURRENT LIABILITIES 475,6645,685,227
<br />LONG TERM LIABILITIES
<br /> OPEB LIABILITY 44,526208,274
<br /> LFG PROJECT 0209,124
<br /> DUE TO COUNTY 00
<br /> BONDS PAYABLE, LESS CURRENT PORTION 336,95131,544,940
<br /> PENSION LIABILITIES 446,5372,791,010
<br /> TOTAL LONG TERM LIABILITIES 828,01334,753,348
<br /> TOTAL LIABILITIES 1,303,67740,438,574
<br />DEFERRED INFLOWS OF RESOURCES 21,807140,160
<br />FUND EQUITY
<br /> CAPITAL ACCOUNT CONST COST 01,779,016
<br /> CONTRIBUTED CAPITAL 00
<br /> RETAINED EARNINGS 26,706,99943,169,359
<br /> NET INCOME (LOSS) (THROUGH PREVIOUS MONTH)(239,687)277,537
<br /> TOTAL FUND EQUITY 26,467,31345,225,911
<br /> TOTAL LIABILITIES & FUND EQUITY 27,792,79785,804,645
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