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ELK RIVER MUNICIPAL UTILITIES
<br />ELK RIVER, MINNESOTA
<br />COMBINED BALANCE SHEET
<br />FOR PERIOD ENDING JULY 2022
<br />ELECTRIC WATER
<br />ASSETS
<br />CURRENT ASSETS
<br /> CASH 9,337,22812,305,240
<br /> ACCOUNTS RECEIVABLE 502,1854,552,720
<br /> INVENTORIES 17,0951,234,045
<br /> PREPAID ITEMS 37,310215,787
<br /> CONSTRUCTION IN PROGRESS 924,30211,470,058
<br /> TOTAL CURRENT ASSETS 10,818,12029,777,849
<br />RESTRICTED ASSETS
<br /> BOND RESERVE FUND 01,779,016
<br /> EMERGENCY RESERVE FUND 1,343,0292,858,354
<br /> UNRESTRICTED RESERVE FUND 00
<br /> TOTAL RESTRICTED ASSETS 1,343,0294,637,370
<br />FIXED ASSETS
<br /> PRODUCTION 14,897,830788,761
<br /> LFG PROJECT 03,851,442
<br /> TRANSMISSION 02,305,024
<br /> DISTRIBUTION 25,751,34245,622,954
<br /> GENERAL 1,071,73211,949,063
<br /> FIXED ASSETS (COST)41,720,90464,517,243
<br /> LESS ACCUMULATED DEPRECIATION (21,635,576)(34,994,867)
<br /> TOTAL FIXED ASSETS, NET 20,085,32829,522,376
<br />INTANGIBLE ASSETS
<br /> POWER AGENCY MEMBERSHIP BUY-IN 021,546,212
<br /> LOSS OF REVENUE INTANGIBLE 04,349,653
<br /> LESS ACCUMULATED AMORTIZATION 0(2,560,034)
<br /> TOTAL INTANGIBLE ASSETS, NET 023,335,831
<br />OTHER ASSETS AND DEFERRED OUTFLOWS 266,9641,431,143
<br /> TOTAL ASSETS 32,513,44288,704,568
<br />LIABILITIES AND FUND EQUITY
<br />CURRENT LIABILITIES
<br /> ACCOUNTS PAYABLE 530,2776,462,212
<br /> SALARIES AND BENEFITS PAYABLE 137,352571,995
<br /> DUE TO CITY 1,830912,126
<br /> DUE TO OTHER FUNDS 00
<br /> NOTES PAYABLE-CURRENT PORTION 087,135
<br /> BONDS PAYABLE-CURRENT PORTION 50,000345,000
<br /> UNEARNED REVENUE 185,5735,395
<br /> TOTAL CURRENT LIABILITIES 905,0328,383,862
<br />LONG TERM LIABILITIES
<br /> OPEB LIABILITY 00
<br /> LFG PROJECT 00
<br /> DUE TO COUNTY 00
<br /> DUE TO CITY 22,68090,720
<br /> BONDS PAYABLE, LESS CURRENT PORTION 1,691,36830,215,067
<br /> PENSION LIABILITIES 369,9881,978,758
<br /> TOTAL LONG TERM LIABILITIES 2,084,03632,284,545
<br /> TOTAL LIABILITIES 2,989,06840,668,407
<br />DEFERRED INFLOWS OF RESOURCES 339,3541,818,303
<br />FUND EQUITY
<br /> CAPITAL ACCOUNT CONST COST 01,779,016
<br /> CONTRIBUTED CAPITAL 00
<br /> RETAINED EARNINGS 28,234,00945,088,631
<br /> NET INCOME (LOSS) (THROUGH PREVIOUS MONTH)951,011(649,788)
<br /> TOTAL FUND EQUITY 29,185,02046,217,858
<br /> TOTAL LIABILITIES & FUND EQUITY 32,513,44288,704,568
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