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Elk River Municipal Utilities
<br />Elk River, Minnesota
<br />Statement of Net Position (Continued)
<br />December 31, 2021
<br />ElectricWaterTotal
<br />Current Liabilities
<br />Accounts payable$ 4,887,198$ 685,629$ 5,572,827
<br /> Salaries and benefits payable 191,572 36,738 228,310
<br />Accrued interest payable 459,191 29,406 488,597
<br />Due to other City funds 968,343 112,767 1,081,110
<br />Due to other governments 172,799 3,631 176,430
<br />Customer deposits payable 965,089 170,625 1,135,714
<br />Unearned revenue 1,067 212,743 213,810
<br />Compensated absences 369,891 43,674 413,565
<br />Notes payable - current portion 209,124 - 209,124
<br />Bonds payable - current portion 1,055,000 320,000 1,375,000
<br />Total Current Liabilities 9,279,274 1,615,213 10,894,487
<br />Non-current Liabilities
<br />Due to other City funds 90,720 22,680 113,400
<br />Bonds payable, net - less current portion 30,250,891 1,695,247 31,946,138
<br />Net pension liability 1,978,758 369,988 2,348,746
<br />Total Non-current Liabilities 32,320,369 2,087,915 34,408,284
<br />Total Liabilities 41,599,643 3,703,128 45,302,771
<br />Deferred Inflows of Resources
<br />Deferred pension resources 1,818,303 339,354 2,157,657
<br />Net Position
<br />Net investment in capital assets 35,045,278 19,624,466 54,669,744
<br />Restricted for debt service 1,779,016 - 1,779,016
<br />Unrestricted 10,043,354 8,609,544 18,652,898
<br />Total Net Position$ 46,867,648 $ 28,234,010 $ 7 5,101,658
<br />The notes to the financial statements are an integral part of this statement.
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