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ELK RIVER MUNICIPAL UTILITIES
<br />ELK RIVER, MINNESOTA
<br />WATER BALANCE SHEET
<br />Current Month
<br />Change from
<br />February 28, 2022January 31, 2022
<br />ASSETS
<br />CURRENT ASSETS
<br /> CASH8,814,5459,334,148(519,603)
<br /> ACCOUNTS RECEIVABLE268,396268,148249
<br /> INVENTORIES21,45421,598(144)
<br /> PREPAID ITEMS43,90647,614(3,708)
<br /> CONSTRUCTION IN PROGRESS98,965202,971(104,006)
<br /> TOTAL CURRENT ASSETS9,247,2669,874,479(627,213)
<br />RESTRICTED ASSETS
<br /> EMERGENCY RESERVE FUND1,339,6801,339,580100
<br /> TOTAL RESTRICTED ASSETS1,339,6801,339,580100
<br />FIXED ASSETS
<br /> PRODUCTION14,875,33314,850,40624,927
<br /> DISTRIBUTION25,721,85525,610,706111,149
<br /> GENERAL1,070,5461,070,5460
<br /> FIXED ASSETS (COST)41,667,73441,531,658136,075
<br /> LESS ACCUMULATED DEPRECIATION(21,175,437)(21,082,642)(92,795)
<br /> TOTAL FIXED ASSETS, NET20,492,29720,449,01643,280
<br />INTANGIBLE ASSETS
<br />OTHER ASSETS AND DEFERRED OUTFLOWS266,964266,9640
<br /> TOTAL ASSETS 31,346,20731,930,039(583,833)
<br />LIABILITIES AND FUND EQUITY
<br />CURRENT LIABILITIES
<br /> ACCOUNTS PAYABLE490,433720,858(230,425)
<br /> SALARIES AND BENEFITS PAYABLE141,113136,8704,243
<br /> DUE TO CITY25,72930,569(4,840)
<br /> BONDS PAYABLE-CURRENT PORTION50,000320,000(270,000)
<br /> UNEARNED REVENUE121,675145,157(23,482)
<br /> TOTAL CURRENT LIABILITIES828,9511,353,455(524,504)
<br />LONG TERM LIABILITIES
<br /> DUE TO CITY22,68022,6800
<br /> BONDS PAYABLE, LESS CURRENT PORTION1,694,1391,694,693(554)
<br /> PENSION LIABILITIES369,988369,9880
<br /> TOTAL LONG TERM LIABILITIES2,086,8072,087,361(554)
<br /> TOTAL LIABILITIES 2,915,7583,440,816(525,058)
<br />DEFERRED INFLOWS OF RESOURCES339,354339,3540
<br />FUND EQUITY
<br /> RETAINED EARNINGS28,234,00928,234,0090
<br /> NET INCOME (LOSS) (THROUGH PREVIOUS MONTH)(142,914)(84,140)(58,775)
<br /> TOTAL FUND EQUITY28,091,09528,149,869(58,775)
<br /> TOTAL LIABILITIES & FUND EQUITY 31,346,20731,930,039(583,833)
<br />151
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