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ELK RIVER MUNICIPAL UTILITIES
<br />ELK RIVER, MINNESOTA
<br />ELECTRIC BALANCE SHEET
<br />Current Month
<br />Change from
<br />February 28, 2022January 31, 2022
<br />ASSETS
<br />CURRENT ASSETS
<br /> CASH15,818,02318,345,074(2,527,051)
<br /> ACCOUNTS RECEIVABLE2,662,1622,675,981(13,819)
<br /> INVENTORIES1,083,5981,009,66873,930
<br /> PREPAID ITEMS245,546276,932(31,386)
<br /> CONSTRUCTION IN PROGRESS8,330,8596,826,8351,504,024
<br /> TOTAL CURRENT ASSETS28,140,18829,134,491(994,302)
<br />RESTRICTED ASSETS
<br /> BOND RESERVE FUND1,779,0161,779,0160
<br /> EMERGENCY RESERVE FUND2,844,9562,844,556400
<br /> TOTAL RESTRICTED ASSETS4,623,9724,623,572400
<br />FIXED ASSETS
<br /> PRODUCTION788,761788,7610
<br /> LFG PROJECT3,851,4423,851,4420
<br /> TRANSMISSION2,305,0242,305,0240
<br /> DISTRIBUTION45,241,76945,159,44282,327
<br /> GENERAL11,808,97611,778,69630,280
<br /> FIXED ASSETS (COST)63,995,97163,883,364112,607
<br /> LESS ACCUMULATED DEPRECIATION(34,132,105)(33,937,682)(194,424)
<br /> TOTAL FIXED ASSETS, NET29,863,86529,945,682(81,817)
<br />INTANGIBLE ASSETS
<br /> POWER AGENCY MEMBERSHIP BUY-IN21,546,21221,546,2120
<br /> LOSS OF REVENUE INTANGIBLE4,349,6534,349,6530
<br /> LESS ACCUMULATED AMORTIZATION(2,281,644)(2,225,966)(55,678)
<br /> TOTAL INTANGIBLE ASSETS, NET23,614,22023,669,898(55,678)
<br />OTHER ASSETS AND DEFERRED OUTFLOWS1,431,1431,431,1430
<br /> TOTAL ASSETS 87,673,38988,804,786(1,131,397)
<br />LIABILITIES AND FUND EQUITY
<br />CURRENT LIABILITIES
<br /> ACCOUNTS PAYABLE5,354,5015,529,460(174,959)
<br /> SALARIES AND BENEFITS PAYABLE577,562558,09419,468
<br /> DUE TO CITY805,633961,387(155,754)
<br /> NOTES PAYABLE-CURRENT PORTION174,270191,697(17,427)
<br /> BONDS PAYABLE-CURRENT PORTION345,0001,055,000(710,000)
<br /> UNEARNED REVENUE9,72310,588(866)
<br /> TOTAL CURRENT LIABILITIES7,266,6898,306,226(1,039,538)
<br />LONG TERM LIABILITIES
<br /> DUE TO CITY90,72090,7200
<br /> BONDS PAYABLE, LESS CURRENT PORTION30,240,00930,244,998(4,989)
<br /> PENSION LIABILITIES1,978,7581,978,7580
<br /> TOTAL LONG TERM LIABILITIES32,309,48732,314,476(4,989)
<br /> TOTAL LIABILITIES 39,576,17640,620,702(1,044,526)
<br />DEFERRED INFLOWS OF RESOURCES1,818,3031,818,3030
<br />FUND EQUITY
<br /> CAPITAL ACCOUNT CONST COST1,779,0161,779,0160
<br /> RETAINED EARNINGS45,088,63145,088,6310
<br /> NET INCOME (LOSS) (THROUGH PREVIOUS MONTH)(588,737)(501,866)(86,871)
<br /> TOTAL FUND EQUITY46,278,91046,365,781(86,871)
<br /> TOTAL LIABILITIES & FUND EQUITY 87,673,38988,804,786(1,131,397)
<br />150
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