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ELK RIVER MUNICIPAL UTILITIES
<br />ELK RIVER, MINNESOTA
<br />COMBINED BALANCE SHEET
<br />FOR PERIOD ENDING JUNE 2021
<br />ELECTRIC WATER
<br />ASSETS
<br />CURRENT ASSETS
<br /> CASH 8,908,58423,922,558
<br /> ACCOUNTS RECEIVABLE 339,3522,061,167
<br /> INVENTORIES 25,9521,135,107
<br /> PREPAID ITEMS 36,355221,326
<br /> CONSTRUCTION IN PROGRESS 34,3162,757,435
<br /> TOTAL CURRENT ASSETS 9,344,55930,097,594
<br />RESTRICTED ASSETS
<br /> BOND RESERVE FUND 01,779,016
<br /> EMERGENCY RESERVE FUND 1,335,2512,827,240
<br /> UNRESTRICTED RESERVE FUND 00
<br /> TOTAL RESTRICTED ASSETS 1,335,2514,606,256
<br />FIXED ASSETS
<br /> PRODUCTION 14,805,401788,761
<br /> LFG PROJECT 03,851,442
<br /> TRANSMISSION 02,305,024
<br /> DISTRIBUTION 23,632,64142,754,260
<br /> GENERAL 1,053,79011,387,954
<br /> FIXED ASSETS (COST)39,491,83361,087,441
<br /> LESS ACCUMULATED DEPRECIATION (20,436,974)(32,605,150)
<br /> TOTAL FIXED ASSETS, NET 19,054,85828,482,291
<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(1,836,221)
<br /> TOTAL INTANGIBLE ASSETS, NET 023,135,457
<br />OTHER ASSETS AND DEFERRED OUTFLOWS 46,625288,697
<br /> TOTAL ASSETS 29,781,29386,610,293
<br />LIABILITIES AND FUND EQUITY
<br />CURRENT LIABILITIES
<br /> ACCOUNTS PAYABLE 311,3095,348,623
<br /> SALARIES AND BENEFITS PAYABLE 122,905489,600
<br /> DUE TO CITY 1,126776,157
<br /> DUE TO OTHER FUNDS 00
<br /> NOTES PAYABLE-CURRENT PORTION 0103,308
<br /> BONDS PAYABLE-CURRENT PORTION 0185,000
<br /> UNEARNED REVENUE 201,5945,083
<br /> TOTAL CURRENT LIABILITIES 636,9336,907,771
<br />LONG TERM LIABILITIES
<br /> OPEB LIABILITY 00
<br /> LFG PROJECT 0209,124
<br /> DUE TO COUNTY 00
<br /> BONDS PAYABLE, LESS CURRENT PORTION 2,068,02331,539,048
<br /> PENSION LIABILITIES 446,5372,791,010
<br /> TOTAL LONG TERM LIABILITIES 2,514,56034,539,182
<br /> TOTAL LIABILITIES 3,151,49341,446,953
<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)(99,006)74,806
<br /> TOTAL FUND EQUITY 26,607,99345,023,180
<br /> TOTAL LIABILITIES & FUND EQUITY 29,781,29386,610,293
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