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Elk River Municipal Utilities
<br />Elk River, Minnesota
<br />Statement of Net Position
<br />December 31, 2021
<br />ElectricWaterTotal
<br />Assets
<br />Current Assets
<br />Cash and temporary investments$ 21,680,955 $ 10,806,896 $ 3 2,487,851
<br />Receivables
<br />Accrued interest 19,068 4,767 23,835
<br />Accounts, net of allowance 3,502,736 175,165 3,677,901
<br />Special assessments 7,248 23,603 30,851
<br />Other receivables 148,186 9,805 157,991
<br />Due from other City funds 4,350 128,850 133,200
<br />Inventories 893,268 21,604 914,872
<br />Prepaid expenses 260,234 47,618 307,852
<br />Total Current Assets 26,516,045 11,218,308 37,734,353
<br />Capital Assets
<br />Land 662,567 195,677 858,244
<br />Intangible 25,895,865 - 25,895,865
<br />Land improvements 34,081 - 34,081
<br />Buildings 3,335,013 1,202,223 4,537,236
<br />Machinery and equipment 4,161,248 516,242 4,677,490
<br />Infrastructure 55,390,664 39,617,516 95,008,180
<br />Construction in progress 6,993,891 249,707 7,243,598
<br />Capital Assets, Cost 96,473,329 41,781,365 1 38,254,694
<br />Less Accumulated Depreciation (35,913,939) (20,990,145) (56,904,084)
<br />Total Capital Assets, Net 60,559,390 20,791,220 81,350,610
<br />Other Assets
<br />Restricted cash 1,779,016 - 1,779,016
<br />Total Assets 88,854,451 32,009,528 1 20,863,979
<br />Deferred Outflows of Resources
<br />Deferred pension resources 1,431,143 266,964 1,698,107
<br />The notes to the financial statements are an integral part of this statement.
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