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ELK RIVER MUNICIPAL UTILITIES
<br />ELK RIVER, MINNESOTA
<br />WATER BALANCE SHEET
<br />Current Month
<br />Change from
<br />Prior MonthJune 30, 2021 May 31, 2021
<br />ASSETS
<br />CURRENT ASSETS
<br /> CASH 8,908,584 6,895,637 2,012,947
<br /> ACCOUNTS RECEIVABLE 339,352 278,331 61,021
<br /> INVENTORIES 25,952 21,439 4,513
<br /> PREPAID ITEMS 36,355 35,467 889
<br /> CONSTRUCTION IN PROGRESS 34,316 31,005 3,311
<br /> TOTAL CURRENT ASSETS 9,344,559 7,261,878 2,082,680
<br />RESTRICTED ASSETS
<br /> EMERGENCY RESERVE FUND 1,335,251 1,334,115 1,136
<br /> TOTAL RESTRICTED ASSETS 1,335,251 1,334,115 1,136
<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 1,053,790 0
<br /> FIXED ASSETS (COST)39,491,833 39,491,833 0
<br /> LESS ACCUMULATED DEPRECIATION (20,436,974)(20,341,655)(95,320)
<br /> TOTAL FIXED ASSETS, NET 19,054,858 19,150,178 (95,320)
<br />INTANGIBLE ASSETS
<br />OTHER ASSETS AND DEFERRED OUTFLOWS 46,625 46,625 0
<br /> TOTAL ASSETS 29,781,293 27,792,797 1,988,496
<br />LIABILITIES AND FUND EQUITY
<br />CURRENT LIABILITIES
<br /> ACCOUNTS PAYABLE 311,309 316,680 (5,371)
<br /> SALARIES AND BENEFITS PAYABLE 122,905 108,498 14,407
<br /> DUE TO CITY 1,126 1,034 92
<br /> UNEARNED REVENUE 201,594 49,452 152,141
<br /> TOTAL CURRENT LIABILITIES 636,933 475,664 161,269
<br />LONG TERM LIABILITIES
<br /> OPEB LIABILITY 0 44,526 (44,526)
<br /> BONDS PAYABLE, LESS CURRENT PORTION 2,068,023 336,951 1,731,073
<br /> PENSION LIABILITIES 446,537 446,537 0
<br /> TOTAL LONG TERM LIABILITIES 2,514,560 828,013 1,686,547
<br /> TOTAL LIABILITIES 3,151,493 1,303,677 1,847,816
<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)(99,006)(239,687)140,681
<br /> TOTAL FUND EQUITY 26,607,993 26,467,313 140,681
<br /> TOTAL LIABILITIES & FUND EQUITY 29,781,293 27,792,797 1,988,496
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