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ELK RIVER MUNICIPAL UTILITIES
<br />ELK RIVER, MINNESOTA
<br />WATER BALANCE SHEET
<br />Current Month
<br />Change from
<br />October 31, 2022
<br />September 30, 2022
<br />Prior Month
<br />ASSETS
<br />CURRENT ASSETS
<br />CASH
<br />10,193,814
<br />9,872,698
<br />321,116
<br />ACCOUNTS RECEIVABLE
<br />376,660
<br />506,976
<br />(130,316)
<br />INVENTORIES
<br />24,598
<br />24,889
<br />(291)
<br />PREPAID ITEMS
<br />52,284
<br />37,992
<br />14,293
<br />CONSTRUCTION IN PROGRESS
<br />966,397
<br />961,070
<br />5,327
<br />TOTAL CURRENT ASSETS
<br />11,613,753
<br />11,403,625
<br />210,128
<br />RESTRICTED ASSETS
<br />EMERGENCY RESERVE FUND
<br />1,346,255
<br />1,345,059
<br />1,196
<br />TOTAL RESTRICTED ASSETS
<br />1,346,255
<br />1,345,059
<br />1,196
<br />FIXED ASSETS
<br />PRODUCTION
<br />14,962,754
<br />14,931,054
<br />31,700
<br />DISTRIBUTION
<br />25,751,342
<br />25,751,342
<br />0
<br />GENERAL
<br />1,081,462
<br />1,081,462
<br />0
<br />FIXED ASSETS (COST)
<br />41,795,558
<br />41,763,858
<br />31,700
<br />LESS ACCUMULATED DEPRECIATION
<br />(21,911,266)
<br />(21,819,309)
<br />(91,957)
<br />TOTAL FIXED ASSETS, NET
<br />19,884,292
<br />19,944,549
<br />(60,257)
<br />INTANGIBLE ASSETS
<br />OTHER ASSETS AND DEFERRED OUTFLOWS
<br />266,964
<br />266,964
<br />0
<br />TOTAL ASSETS
<br />33,111,265
<br />32,960,197
<br />151,068
<br />LIABILITIES AND FUND EQUITY
<br />CURRENT LIABILITIES
<br />ACCOUNTS PAYABLE
<br />582,997
<br />557,514
<br />25,483
<br />SALARIES AND BENEFITS PAYABLE
<br />134,059
<br />129,885
<br />4,174
<br />DUE TO CITY
<br />2,930
<br />4,911
<br />(1,981)
<br />UNEARNED REVENUE
<br />185,463
<br />178,499
<br />6,964
<br />TOTAL CURRENT LIABILITIES
<br />905,448
<br />870,808
<br />34,640
<br />LONG TERM LIABILITIES
<br />DUE TO CITY
<br />22,680
<br />22,680
<br />0
<br />BONDS PAYABLE, LESS CURRENT PORTION
<br />1,689,705
<br />1,690,259
<br />(554)
<br />PENSION LIABILITIES
<br />369,988
<br />369,988
<br />0
<br />TOTAL LONG TERM LIABILITIES
<br />2,082,373
<br />2,082,927
<br />(554)
<br />TOTAL LIABILITIES
<br />2,987,821
<br />2,953,735
<br />34,085
<br />DEFERRED INFLOWS OF RESOURCES
<br />339,354
<br />339,354
<br />0
<br />FUND EQUITY
<br />RETAINED EARNINGS
<br />28,234,009
<br />28,234,009
<br />0
<br />NET INCOME (LOSS) (THROUGH PREVIOUS MONTH)
<br />1,550,080
<br />1,433,098
<br />116,982
<br />TOTAL FUND EQUITY
<br />29,784,095
<br />29,667,107
<br />116,982
<br />TOTAL LIABILITIES & FUND EQUITY
<br />33,111,265
<br />32,960,197
<br />151,068
<br />
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