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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, 2023 May 31, 2023
<br />ASSETS
<br />CURRENT ASSETS
<br /> CASH 8,753,137 8,510,454 242,683
<br /> ACCOUNTS RECEIVABLE 5,713,850 5,479,836 234,013
<br /> INVENTORIES 22,476 26,131 (3,655)
<br /> PREPAID ITEMS 44,610 45,672 (1,062)
<br /> CONSTRUCTION IN PROGRESS 992,419 958,392 34,026
<br /> TOTAL CURRENT ASSETS 15,526,491 15,020,486 506,005
<br />RESTRICTED ASSETS
<br /> EMERGENCY RESERVE FUND 1,359,813 1,358,485 1,328
<br /> TOTAL RESTRICTED ASSETS 1,359,813 1,358,485 1,328
<br />FIXED ASSETS
<br /> PRODUCTION 16,525,311 16,525,311 0
<br /> DISTRIBUTION 26,766,971 26,766,971 0
<br /> GENERAL 1,131,222 1,131,191 31
<br /> FIXED ASSETS (COST)44,423,504 44,423,473 31
<br /> LESS ACCUMULATED DEPRECIATION (22,684,343)(22,586,691)(97,653)
<br /> TOTAL FIXED ASSETS, NET 21,739,161 21,836,782 (97,621)
<br />INTANGIBLE ASSETS
<br />OTHER ASSETS AND DEFERRED OUTFLOWS 226,587 226,587 0
<br /> TOTAL ASSETS 38,852,052 38,442,340 409,712
<br />LIABILITIES AND FUND EQUITY
<br />CURRENT LIABILITIES
<br /> ACCOUNTS PAYABLE 308,444 278,022 30,422
<br /> SALARIES AND BENEFITS PAYABLE 130,110 125,289 4,821
<br /> DUE TO CITY 2,258 3,130 (872)
<br /> BONDS PAYABLE-CURRENT PORTION 60,000 60,000 0
<br /> UNEARNED REVENUE 364,425 174,926 189,500
<br /> TOTAL CURRENT LIABILITIES 865,237 641,367 223,871
<br />LONG TERM LIABILITIES
<br /> BONDS PAYABLE, LESS CURRENT PORTION 1,625,271 1,625,825 (554)
<br /> PENSION LIABILITIES 725,038 725,038 0
<br /> TOTAL LONG TERM LIABILITIES 2,350,309 2,350,863 (554)
<br /> TOTAL LIABILITIES 3,215,546 2,992,230 223,316
<br />DEFERRED INFLOWS OF RESOURCES 5,121,831 5,121,831 0
<br />FUND EQUITY
<br /> RETAINED EARNINGS 30,887,406 30,887,406 0
<br /> NET INCOME (LOSS) (THROUGH PREVIOUS MONTH)(372,731)(559,127)186,395
<br /> TOTAL FUND EQUITY 30,514,675 30,328,279 186,395
<br /> TOTAL LIABILITIES & FUND EQUITY 38,852,052 38,442,340 409,712
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