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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, 2023
<br />January 31, 2023
<br />Prior Month
<br />ASSETS
<br />CURRENT ASSETS
<br />CASH
<br />8,662,626
<br />8,751,940
<br />(89,314)
<br />ACCOUNTS RECEIVABLE
<br />5,718,356
<br />5,681,543
<br />36,813
<br />INVENTORIES
<br />29,929
<br />27,424
<br />2,506
<br />PREPAID ITEMS
<br />56,229
<br />54,852
<br />1,377
<br />CONSTRUCTION IN PROGRESS
<br />956,617
<br />942,826
<br />13,791
<br />TOTAL CURRENT ASSETS
<br />15,423,756
<br />15,458,584
<br />(34,828)
<br />RESTRICTED ASSETS
<br />EMERGENCY RESERVE FUND
<br />1,354,860
<br />1,354,133
<br />727
<br />TOTAL RESTRICTED ASSETS
<br />1,354,860
<br />1,354,133
<br />727
<br />FIXED ASSETS
<br />PRODUCTION
<br />16,510,965
<br />16,510,965
<br />0
<br />DISTRIBUTION
<br />26,724,925
<br />26,724,925
<br />0
<br />GENERAL
<br />1,125,849
<br />1,124,475
<br />1,374
<br />FIXED ASSETS (COST)
<br />44,361,739
<br />44,360,365
<br />1,374
<br />LESS ACCUMULATED DEPRECIATION
<br />(22,302,248)
<br />(22,204,868)
<br />(97,380)
<br />TOTAL FIXED ASSETS, NET
<br />22,059,491
<br />22,155,496
<br />(96,006)
<br />INTANGIBLE ASSETS
<br />OTHER ASSETS AND DEFERRED OUTFLOWS
<br />226,587
<br />226,587
<br />0
<br />TOTAL ASSETS
<br />39,064,695
<br />39,194,801
<br />(130,106)
<br />LIABILITIES AND FUND EQUITY
<br />CURRENT LIABILITIES
<br />ACCOUNTS PAYABLE
<br />535,406
<br />557,713
<br />(22,307)
<br />SALARIES AND BENEFITS PAYABLE
<br />153,042
<br />152,402
<br />640
<br />DUE TO CITY
<br />30,421
<br />53,742
<br />(23,321)
<br />BONDS PAYABLE -CURRENT PORTION
<br />60,000
<br />60,000
<br />0
<br />UNEARNED REVENUE
<br />174,926
<br />174,926
<br />0
<br />TOTAL CURRENT LIABILITIES
<br />953,794
<br />998,782
<br />(44,988)
<br />LONG TERM LIABILITIES
<br />BONDS PAYABLE, LESS CURRENT PORTION
<br />1,627,488
<br />1,628,042
<br />(554)
<br />PENSION LIABILITIES
<br />725,038
<br />725,038
<br />0
<br />TOTAL LONG TERM LIABILITIES
<br />2,352,526
<br />2,353,080
<br />(554)
<br />TOTAL LIABILITIES
<br />3,306,320
<br />3,351,862
<br />(45,542)
<br />DEFERRED INFLOWS OF RESOURCES
<br />5,121,831
<br />5,121,831
<br />0
<br />FUND EQUITY
<br />RETAINED EARNINGS
<br />30,887,406
<br />30,887,406
<br />0
<br />NET INCOME (LOSS) (THROUGH PREVIOUS MONTH)
<br />(250,863)
<br />(166,299)
<br />(84,564)
<br />TOTAL FUND EQUITY
<br />30,636,543
<br />30,721,108
<br />(84,564)
<br />TOTAL LIABILITIES & FUND EQUITY
<br />39,064,695
<br />39,194,801
<br />(130,106)
<br />162
<br />
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