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ELK RIVER MUNICIPAL UTILITIES
<br /> ELK RIVER,MINNESOTA
<br /> ELECTRIC BALANCE SHEET
<br /> Current Month
<br /> Change from
<br /> October 31,2021 September 30,2021 Prior Month
<br /> ASSETS
<br /> CURRENT ASSETS
<br /> CASH 22,160,684 22,421,145 (260,461)
<br /> ACCOUNTS RECEIVABLE 2,213,871 3,109,860 (895,989)
<br /> INVENTORIES 906,126 889,816 16,310
<br /> PREPAID ITEMS 249,448 247,061 2,387
<br /> CONSTRUCTION IN PROGRESS 4,164,739 4,214,240 (49,502)
<br /> TOTAL CURRENT ASSETS 29,694,868 30,882,123 (1,187,255)
<br /> RESTRICTED ASSETS
<br /> BOND RESERVE FUND 1,779,016 1,779,016 0
<br /> EMERGENCY RESERVE FUND 2,836,153 2,834,025 2,128
<br /> TOTAL RESTRICTED ASSETS 4,615,169 4,613,041 2,128
<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 43,984,627 43,708,417 276,210
<br /> GENERAL 11,505,515 11,454,975 50,540
<br /> FIXED ASSETS(COST) 62,435,368 62,108,618 326,749
<br /> LESS ACCUMULATED DEPRECIATION (33,360,161) (33,167,450) (192,711)
<br /> TOTAL FIXED ASSETS,NET 29,075,206 28,941,168 134,038
<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 (2,058,932) (2,003,255) (55,678)
<br /> TOTAL INTANGIBLE ASSETS,NET 22,912,745 22,968,423 (55,678)
<br /> OTHER ASSETS AND DEFERRED OUTFLOWS 277,001 277,001 0
<br /> TOTAL ASSETS 86,574,989 87,681,756 (1,106,766)
<br /> LIABILITIES AND FUND EQUITY
<br /> CURRENT LIABILITIES
<br /> ACCOUNTS PAYABLE 4,442,241 5,396,190 (953,948)
<br /> SALARIES AND BENEFITS PAYABLE 466,130 593,992 (127,862)
<br /> DUE TO CITY 862,909 808,073 54,835
<br /> NOTES PAYABLE-CURRENT PORTION 34,436 51,654 (17,218)
<br /> UNEARNED REVENUE 1,694 2,541 (847)
<br /> TOTAL CURRENT LIABILITIES 5,807,410 6,852,451 (1,045,040)
<br /> LONG TERM LIABILITIES
<br /> LFG PROJECT 209,124 209,124 0
<br /> DUE TO CITY 175,200 175,200 0
<br /> BONDS PAYABLE,LESS CURRENT PORTION 31,317,675 31,323,567 (5,892)
<br /> PENSION LIABILITIES 2,791,010 2,791,010 0
<br /> TOTAL LONG TERM LIABILITIES 34,493,009 34,498,901 (5,892)
<br /> TOTAL LIABILITIES 40,300,419 41,351,352 (1,050,932)
<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) 1,186,036 1,241,870 (55,834)
<br /> TOTAL FUND EQUITY 46,134,410 46,190,244 (55,834)
<br /> TOTAL LIABILITIES&FUND EQUITY 86,574,989 87,681,756 (1,106,766)
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