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ELK RIVER MUNICIPAL UTILITIES
<br />ELK RIVER, MINNESOTA
<br />ELECTRIC BALANCE SHEET
<br />Current Month
<br />Change from
<br />November 30, 2023
<br />October 31, 2023
<br />Prior Month
<br />ASSETS
<br />CURRENT ASSETS
<br />CASH
<br />11,198,133
<br />11,372,408
<br />(174,275)
<br />ACCOUNTS RECEIVABLE
<br />3,002,100
<br />2,454,403
<br />547,698
<br />INVENTORIES
<br />1,054,079
<br />1,112,052
<br />(57,973)
<br />PREPAID ITEMS
<br />231,621
<br />260,994
<br />(29,374)
<br />CONSTRUCTION 1N PROGRESS
<br />2,677,087
<br />2,631,049
<br />46,038
<br />TOTAL CURRENT ASSETS
<br />18,163,019
<br />17,830,905
<br />332,114
<br />RESTRICTED ASSETS
<br />BOND RESERVE FUND
<br />1,779,016
<br />1,779,016
<br />0
<br />EMERGENCY RESERVE FUND
<br />2,944,240
<br />2,943,090
<br />1,151
<br />TOTAL RESTRICTED ASSETS
<br />4,723,256
<br />4,722,105
<br />1,151
<br />FIXED ASSETS
<br />PRODUCTION
<br />824,065
<br />824,065
<br />0
<br />TRANSMISSION
<br />2,305,024
<br />2,305,024
<br />0
<br />DISTRIBUTION
<br />48,121,819
<br />47,950,378
<br />171,441
<br />GENERAL
<br />23,147,919
<br />23,149,360
<br />(1,441)
<br />FIXED ASSETS (COST)
<br />74,398,827
<br />74,228,827
<br />170,000
<br />LESS ACCUMULATED DEPRECIATION
<br />(34,236,977)
<br />(34,054,500)
<br />(182,477)
<br />TOTAL FIXED ASSETS, NET
<br />40,161,850
<br />40,174,327
<br />(12,477)
<br />INTANGIBLE ASSETS
<br />POWER AGENCY MEMBERSHIP BUY -IN
<br />21,546,212
<br />21,546,212
<br />0
<br />LOSS OF REVENUE INTANGIBLE
<br />5,290,120
<br />5,290,120
<br />0
<br />LESS ACCUMULATED AMORTIZATION
<br />(3,450,881)
<br />(3,395,203)
<br />(55,678)
<br />TOTAL INTANGIBLE ASSETS, NET
<br />23,385,451
<br />23,441,129
<br />(55,678)
<br />OTHER ASSETS AND DEFERRED OUTFLOWS
<br />1,187,557
<br />1,187,557
<br />0
<br />TOTAL ASSETS
<br />87,621,133
<br />87,356,023
<br />265,110
<br />LIABILITIES AND FUND EQUITY
<br />CURRENT LIABILITIES
<br />ACCOUNTS PAYABLE
<br />4,029,210
<br />4,352,383
<br />(323,173)
<br />SALARIES AND BENEFITS PAYABLE
<br />621,036
<br />582,037
<br />38,998
<br />DUE TO CITY
<br />745,285
<br />930,252
<br />(184,967)
<br />UNEARNED REVENUE
<br />144,986
<br />146,983
<br />(1,998)
<br />TOTAL CURRENT LIABILITIES
<br />5,540,517
<br />6,011,656
<br />(471,139)
<br />LONG TERM LIABILITIES
<br />BONDS PAYABLE, LESS CURRENT PORTION
<br />29,220,250
<br />29,225,239
<br />(4,989)
<br />PENSION LIABILITIES
<br />3,789,381
<br />3,789,381
<br />0
<br />TOTAL LONG TERM LIABILITIES
<br />33,009,631
<br />33,014,620
<br />(4,989)
<br />TOTAL LIABILITIES
<br />38,550,148
<br />39,026,276
<br />(476,128)
<br />DEFERRED INFLOWS OF RESOURCES
<br />54,129
<br />54,129
<br />0
<br />FUND EQUITY
<br />CAPITAL ACCOUNT CONST COST
<br />1,779,016
<br />1,779,016
<br />0
<br />RETAINED EARNINGS
<br />45,204,945
<br />45,204,945
<br />0
<br />NET INCOME (LOSS) (THROUGH PREVIOUS MONTH)
<br />2,032,895
<br />1,291,657
<br />741,238
<br />TOTAL FUND EQUITY
<br />49,016,856
<br />48,275,618
<br />741,238
<br />TOTAL LIABILITIES & FUND EQUITY
<br />87,621,133
<br />87,356,023
<br />265,110
<br />51
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