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Elk River Municipal Utilities
<br />Elk River, Minnesota
<br />Statement of Net Position (Continued)
<br />December 31, 2023
<br />Current Liabilities
<br />Accounts payable
<br />Salaries and benefits payable
<br />Accrued interest payable
<br />Due to other City funds
<br />Due to other governments
<br />Customer deposits payable
<br />Unearned revenue
<br />Compensated absences
<br />Bonds payable - current portion
<br />Total Current Liabilities
<br />Non -current Liabilities
<br />Bonds payable, net - less current portion
<br />Net pension liability
<br />Total Non -current Liabilities
<br />Total Liabilities
<br />Deferred Inflows of Resources
<br />Deferred pension resources
<br />Deferred lease resources
<br />Total Deferred Inflows of Resources
<br />Net Position
<br />Net investment in capital assets
<br />Restricted for debt service
<br />Unrestricted
<br />Total Net Position
<br />Electric Water Total
<br />$ 3,822,240 $ 209,062 $ 4,031,302
<br />243,235 44,420 287,655
<br />357,003 17,333 374,336
<br />928,921 33,460 962,381
<br />160,414 2,772 163,186
<br />1,067,795 128,896 1,196,691
<br />142,988 141,977 284,965
<br />470,277 51,835 522,112
<br />955,000 60,000 1,015,000
<br />8,147,873 689,755 8,837,628
<br />28,260,262 1,561,945 29,822,207
<br />2,720,477 500,450 3,220,927
<br />30,980,739 2,062,395 33,043,134
<br />39,128,612 2,752,150 41,880,762
<br />836,813 153,307 990,120
<br />- 4,784,677 4,784,677
<br />836,813 4,937,984 5,774,797
<br />38,358,475 22,744,773 61,103,248
<br />1,779,016 - 1,779,016
<br />8,443,740 10,375,244 18,818,9 84
<br />$ 48,581,231 $ 33,120,017 $ 81,701,248
<br />The notes to the financial statements are an integral part of this statement.
<br />23
<br />88
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