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ELK RIVER MUNICIPAL UTILITIES
<br />ELK RIVER, MINNESOTA
<br />COMBINED BALANCE SHEET
<br />FOR PERIOD ENDING JANUARY 2025
<br />ELECTRICWATER
<br />ASSETS
<br />CURRENT ASSETS
<br /> CASH3,785,3355,589,227
<br /> ACCOUNTS RECEIVABLE3,388,1635,340,852
<br /> INVENTORIES1,802,51954,597
<br /> PREPAID ITEMS287,61452,331
<br /> CONSTRUCTION IN PROGRESS449,00865,435
<br /> TOTAL CURRENT ASSETS9,712,64011,102,441
<br />RESTRICTED ASSETS
<br /> BOND RESERVE FUND1,779,0160
<br /> EMERGENCY RESERVE FUND7,422,2814,234,011
<br /> UNRESTRICTED RESERVE FUND00
<br /> TOTAL RESTRICTED ASSETS9,201,2974,234,011
<br />FIXED ASSETS
<br /> PRODUCTION795,92017,177,471
<br /> LFG PROJECT00
<br /> TRANSMISSION2,305,0240
<br /> DISTRIBUTION54,511,92730,835,173
<br /> GENERAL25,418,5101,548,813
<br /> FIXED ASSETS (COST)83,031,38149,561,458
<br /> LESS ACCUMULATED DEPRECIATION(36,982,070)(24,026,289)
<br /> TOTAL FIXED ASSETS, NET46,049,31025,535,168
<br />INTANGIBLE ASSETS
<br /> POWER AGENCY MEMBERSHIP BUY-IN21,546,2120
<br /> LOSS OF REVENUE INTANGIBLE7,169,4120
<br /> LESS ACCUMULATED AMORTIZATION(4,230,372)0
<br /> TOTAL INTANGIBLE ASSETS, NET24,485,2520
<br />OTHER ASSETS AND DEFERRED OUTFLOWS690,058126,311
<br />90,138,55640,997,931
<br /> TOTAL ASSETS
<br />LIABILITIES AND FUND EQUITY
<br />CURRENT LIABILITIES
<br /> ACCOUNTS PAYABLE5,247,488361,411
<br /> SALARIES AND BENEFITS PAYABLE1,119,925156,339
<br /> DUE TO CITY818,77495,020
<br /> DUE TO OTHER FUNDS00
<br /> NOTES PAYABLE-CURRENT PORTION00
<br /> BONDS PAYABLE-CURRENT PORTION480,00065,000
<br /> UNEARNED REVENUE17,710496,471
<br /> TOTAL CURRENT LIABILITIES7,683,8971,174,242
<br />LONG TERM LIABILITIES
<br /> OPEB LIABILITY00
<br /> LFG PROJECT00
<br /> DUE TO COUNTY00
<br /> DUE TO CITY00
<br /> BONDS PAYABLE, LESS CURRENT PORTION27,205,4111,489,740
<br /> PENSION LIABILITIES2,720,477500,450
<br /> TOTAL LONG TERM LIABILITIES29,925,8881,990,190
<br />37,609,7853,164,432
<br /> TOTAL LIABILITIES
<br />DEFERRED INFLOWS OF RESOURCES836,8134,937,984
<br />FUND EQUITY
<br /> CAPITAL ACCOUNT CONST COST1,779,0160
<br /> CONTRIBUTED CAPITAL00
<br /> RETAINED EARNINGS49,349,37033,024,979
<br /> NET INCOME (LOSS) (THROUGH PREVIOUS MONTH)563,572(129,464)
<br /> TOTAL FUND EQUITY51,691,95832,895,515
<br />90,138,55640,997,931
<br /> TOTAL LIABILITIES & FUND EQUITY
<br />112
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