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ELK RIVER MUNICIPAL UTILITIES
<br />ELK RIVER, MINNESOTA
<br />ELECTRIC BALANCE SHEET
<br />Current Month
<br />Change from
<br />Prior MonthJune 30, 2021 May 31, 2021
<br />ASSETS
<br />CURRENT ASSETS
<br /> CASH 23,922,558 23,797,635 124,923
<br /> ACCOUNTS RECEIVABLE 2,061,167 1,921,080 140,088
<br /> INVENTORIES 1,135,107 1,138,920 (3,813)
<br /> PREPAID ITEMS 221,326 212,071 9,255
<br /> CONSTRUCTION IN PROGRESS 2,757,435 2,038,597 718,838
<br /> TOTAL CURRENT ASSETS 30,097,594 29,108,303 989,291
<br />RESTRICTED ASSETS
<br /> BOND RESERVE FUND 1,779,016 1,779,016 0
<br /> EMERGENCY RESERVE FUND 2,827,240 2,822,697 4,543
<br /> TOTAL RESTRICTED ASSETS 4,606,256 4,601,712 4,543
<br />FIXED ASSETS
<br /> PRODUCTION 788,761 788,761 0
<br /> LFG PROJECT 3,851,442 3,851,442 0
<br /> TRANSMISSION 2,305,024 2,305,024 0
<br /> DISTRIBUTION 42,754,260 42,695,774 58,486
<br /> GENERAL 11,387,954 11,387,954 0
<br /> FIXED ASSETS (COST)61,087,441 61,028,955 58,486
<br /> LESS ACCUMULATED DEPRECIATION (32,605,150)(32,414,156)(190,994)
<br /> TOTAL FIXED ASSETS, NET 28,482,291 28,614,799 (132,508)
<br />INTANGIBLE ASSETS
<br /> POWER AGENCY MEMBERSHIP BUY-IN 21,546,212 21,546,212 0
<br /> LOSS OF REVENUE INTANGIBLE 3,425,465 3,425,465 0
<br /> LESS ACCUMULATED AMORTIZATION (1,836,221)(1,780,543)(55,678)
<br /> TOTAL INTANGIBLE ASSETS, NET 23,135,457 23,191,135 (55,678)
<br />OTHER ASSETS AND DEFERRED OUTFLOWS 288,697 288,697 0
<br /> TOTAL ASSETS 86,610,293 85,804,645 805,648
<br />LIABILITIES AND FUND EQUITY
<br />CURRENT LIABILITIES
<br /> ACCOUNTS PAYABLE 5,348,623 4,259,521 1,089,102
<br /> SALARIES AND BENEFITS PAYABLE 489,600 440,144 49,456
<br /> DUE TO CITY 776,157 674,106 102,052
<br /> NOTES PAYABLE-CURRENT PORTION 103,308 120,526 (17,218)
<br /> BONDS PAYABLE-CURRENT PORTION 185,000 185,000 0
<br /> UNEARNED REVENUE 5,083 5,930 (847)
<br /> TOTAL CURRENT LIABILITIES 6,907,771 5,685,227 1,222,545
<br />LONG TERM LIABILITIES
<br /> OPEB LIABILITY 0 208,274 (208,274)
<br /> LFG PROJECT 209,124 209,124 0
<br /> BONDS PAYABLE, LESS CURRENT PORTION 31,539,048 31,544,940 (5,892)
<br /> PENSION LIABILITIES 2,791,010 2,791,010 0
<br /> TOTAL LONG TERM LIABILITIES 34,539,182 34,753,348 (214,166)
<br /> TOTAL LIABILITIES 41,446,953 40,438,574 1,008,379
<br />DEFERRED INFLOWS OF RESOURCES 140,160 140,160 0
<br />FUND EQUITY
<br /> CAPITAL ACCOUNT CONST COST 1,779,016 1,779,016 0
<br /> RETAINED EARNINGS 43,169,359 43,169,359 0
<br /> NET INCOME (LOSS) (THROUGH PREVIOUS MONTH)74,806 277,537 (202,731)
<br /> TOTAL FUND EQUITY 45,023,180 45,225,911 (202,731)
<br /> TOTAL LIABILITIES & FUND EQUITY 86,610,293 85,804,645 805,648
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