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ELK RIVER MUNICIPAL UTILITIES
<br />ELK RIVER, MINNESOTA
<br />COMBINED BALANCE SHEET
<br />FOR PERIOD ENDING JUNE 2023
<br />ELECTRIC WATER
<br />ASSETS
<br />CURRENT ASSETS
<br /> CASH 8,753,13711,674,061
<br /> ACCOUNTS RECEIVABLE 5,713,8503,110,672
<br /> INVENTORIES 22,4761,363,568
<br /> PREPAID ITEMS 44,610212,345
<br /> CONSTRUCTION IN PROGRESS 992,4191,720,828
<br /> TOTAL CURRENT ASSETS 15,526,49118,081,475
<br />RESTRICTED ASSETS
<br /> BOND RESERVE FUND 01,779,016
<br /> EMERGENCY RESERVE FUND 1,359,8132,925,488
<br /> UNRESTRICTED RESERVE FUND 00
<br /> TOTAL RESTRICTED ASSETS 1,359,8134,704,504
<br />FIXED ASSETS
<br /> PRODUCTION 16,525,311824,065
<br /> LFG PROJECT 00
<br /> TRANSMISSION 02,305,024
<br /> DISTRIBUTION 26,766,97147,142,388
<br /> GENERAL 1,131,22222,980,770
<br /> FIXED ASSETS (COST)44,423,50473,252,246
<br /> LESS ACCUMULATED DEPRECIATION (22,684,343)(33,304,114)
<br /> TOTAL FIXED ASSETS, NET 21,739,16139,948,132
<br />INTANGIBLE ASSETS
<br /> POWER AGENCY MEMBERSHIP BUY-IN 021,546,212
<br /> LOSS OF REVENUE INTANGIBLE 05,290,120
<br /> LESS ACCUMULATED AMORTIZATION 0(3,172,491)
<br /> TOTAL INTANGIBLE ASSETS, NET 023,663,840
<br />OTHER ASSETS AND DEFERRED OUTFLOWS 226,5871,187,557
<br /> TOTAL ASSETS 38,852,05287,585,508
<br />LIABILITIES AND FUND EQUITY
<br />CURRENT LIABILITIES
<br /> ACCOUNTS PAYABLE 308,4445,532,877
<br /> SALARIES AND BENEFITS PAYABLE 130,110604,342
<br /> DUE TO CITY 2,258870,981
<br /> DUE TO OTHER FUNDS 00
<br /> NOTES PAYABLE-CURRENT PORTION 00
<br /> BONDS PAYABLE-CURRENT PORTION 60,000435,000
<br /> UNEARNED REVENUE 364,425154,973
<br /> TOTAL CURRENT LIABILITIES 865,2377,598,173
<br />LONG TERM LIABILITIES
<br /> OPEB LIABILITY 00
<br /> LFG PROJECT 00
<br /> DUE TO COUNTY 00
<br /> DUE TO CITY 00
<br /> BONDS PAYABLE, LESS CURRENT PORTION 1,625,27129,245,193
<br /> PENSION LIABILITIES 725,0383,789,381
<br /> TOTAL LONG TERM LIABILITIES 2,350,30933,034,574
<br /> TOTAL LIABILITIES 3,215,54640,632,747
<br />DEFERRED INFLOWS OF RESOURCES 5,121,83154,129
<br />FUND EQUITY
<br /> CAPITAL ACCOUNT CONST COST 01,779,016
<br /> CONTRIBUTED CAPITAL 00
<br /> RETAINED EARNINGS 30,887,40645,204,945
<br /> NET INCOME (LOSS) (THROUGH PREVIOUS MONTH)(372,731)(85,329)
<br /> TOTAL FUND EQUITY 30,514,67546,898,632
<br /> TOTAL LIABILITIES & FUND EQUITY 38,852,05287,585,508
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