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ELK RIVER MUNICIPAL UTILITIES
<br />ELK RIVER, MINNESOTA
<br />WATER BALANCE SHEET
<br />Current Month
<br />Change from
<br />Prior MonthMay 31, 2021 April 30, 2021
<br />ASSETS
<br />CURRENT ASSETS
<br /> CASH 6,895,637 6,743,928 151,709
<br /> ACCOUNTS RECEIVABLE 278,331 327,170 (48,838)
<br /> INVENTORIES 21,439 19,426 2,013
<br /> PREPAID ITEMS 35,467 39,086 (3,619)
<br /> CONSTRUCTION IN PROGRESS 31,005 27,261 3,744
<br /> TOTAL CURRENT ASSETS 7,261,878 7,156,870 105,008
<br />RESTRICTED ASSETS
<br /> EMERGENCY RESERVE FUND 1,334,115 1,333,502 613
<br /> TOTAL RESTRICTED ASSETS 1,334,115 1,333,502 613
<br />FIXED ASSETS
<br /> PRODUCTION 14,805,401 14,805,401 0
<br /> DISTRIBUTION 23,632,641 23,632,641 0
<br /> GENERAL 1,053,790 1,054,090 (300)
<br /> FIXED ASSETS (COST)39,491,833 39,492,133 (300)
<br /> LESS ACCUMULATED DEPRECIATION (20,341,655)(20,246,090)(95,565)
<br /> TOTAL FIXED ASSETS, NET 19,150,178 19,246,043 (95,865)
<br />INTANGIBLE ASSETS
<br />OTHER ASSETS AND DEFERRED OUTFLOWS 46,625 46,765 (139)
<br /> TOTAL ASSETS 27,792,797 27,783,180 9,617
<br />LIABILITIES AND FUND EQUITY
<br />CURRENT LIABILITIES
<br /> ACCOUNTS PAYABLE 316,680 301,195 15,485
<br /> SALARIES AND BENEFITS PAYABLE 108,498 105,243 3,255
<br /> DUE TO CITY 1,034 1,567 (533)
<br /> UNEARNED REVENUE 49,452 72,079 (22,627)
<br /> TOTAL CURRENT LIABILITIES 475,664 480,084 (4,420)
<br />LONG TERM LIABILITIES
<br /> OPEB LIABILITY 44,526 44,526 0
<br /> BONDS PAYABLE, LESS CURRENT PORTION 336,951 319,520 17,431
<br /> PENSION LIABILITIES 446,537 446,537 0
<br /> TOTAL LONG TERM LIABILITIES 828,013 810,583 17,431
<br /> TOTAL LIABILITIES 1,303,677 1,290,667 13,011
<br />DEFERRED INFLOWS OF RESOURCES 21,807 21,807 0
<br />FUND EQUITY
<br /> RETAINED EARNINGS 26,706,999 26,706,999 0
<br /> NET INCOME (LOSS) (THROUGH PREVIOUS MONTH)(239,687)(236,293)(3,393)
<br /> TOTAL FUND EQUITY 26,467,313 26,470,706 (3,393)
<br /> TOTAL LIABILITIES & FUND EQUITY 27,792,797 27,783,180 9,617
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