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ELK RIVER MUNICIPAL UTILITIES
<br />ELK RIVER, MINNESOTA
<br />WATER BALANCE SHEET
<br />Current Month
<br />Change from
<br />Prior MonthJune 30, 2022 May 31, 2022
<br />ASSETS
<br />CURRENT ASSETS
<br /> CASH 8,718,724 8,443,250 275,473
<br /> ACCOUNTS RECEIVABLE 429,861 269,664 160,197
<br /> INVENTORIES 15,399 19,375 (3,976)
<br /> PREPAID ITEMS 39,730 37,714 2,015
<br /> CONSTRUCTION IN PROGRESS 918,187 914,362 3,824
<br /> TOTAL CURRENT ASSETS 10,121,900 9,684,367 437,534
<br />RESTRICTED ASSETS
<br /> EMERGENCY RESERVE FUND 1,342,790 1,341,533 1,257
<br /> TOTAL RESTRICTED ASSETS 1,342,790 1,341,533 1,257
<br />FIXED ASSETS
<br /> PRODUCTION 14,897,830 14,883,725 14,105
<br /> DISTRIBUTION 25,751,342 25,751,342 0
<br /> GENERAL 1,071,732 1,071,732 0
<br /> FIXED ASSETS (COST)41,720,904 41,706,799 14,105
<br /> LESS ACCUMULATED DEPRECIATION (21,543,890)(21,452,102)(91,788)
<br /> TOTAL FIXED ASSETS, NET 20,177,013 20,254,697 (77,683)
<br />INTANGIBLE ASSETS
<br />OTHER ASSETS AND DEFERRED OUTFLOWS 266,964 266,964 0
<br /> TOTAL ASSETS 31,908,668 31,547,561 361,107
<br />LIABILITIES AND FUND EQUITY
<br />CURRENT LIABILITIES
<br /> ACCOUNTS PAYABLE 522,550 530,466 (7,916)
<br /> SALARIES AND BENEFITS PAYABLE 132,716 126,140 6,577
<br /> DUE TO CITY 3,659 3,379 280
<br /> BONDS PAYABLE-CURRENT PORTION 50,000 50,000 0
<br /> UNEARNED REVENUE 209,507 51,230 158,277
<br /> TOTAL CURRENT LIABILITIES 918,433 761,215 157,218
<br />LONG TERM LIABILITIES
<br /> DUE TO CITY 22,680 22,680 0
<br /> BONDS PAYABLE, LESS CURRENT PORTION 1,691,922 1,692,476 (554)
<br /> PENSION LIABILITIES 369,988 369,988 0
<br /> TOTAL LONG TERM LIABILITIES 2,084,590 2,085,144 (554)
<br /> TOTAL LIABILITIES 3,003,023 2,846,359 156,664
<br />DEFERRED INFLOWS OF RESOURCES 339,354 339,354 0
<br />FUND EQUITY
<br /> RETAINED EARNINGS 28,234,009 28,234,009 0
<br /> NET INCOME (LOSS) (THROUGH PREVIOUS MONTH)332,282 127,839 204,444
<br /> TOTAL FUND EQUITY 28,566,291 28,361,848 204,444
<br /> TOTAL LIABILITIES & FUND EQUITY 31,908,668 31,547,561 361,107
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