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ELK RIVER MUNICIPAL UTILITIES
<br />ELK RIVER, MINNESOTA
<br />ELECTRIC BALANCE SHEET
<br />Current Month
<br />Change from
<br />January 31, 2025December 31, 2024
<br />ASSETS
<br />CURRENT ASSETS
<br /> CASH3,785,3355,621,609(1,836,274)
<br /> ACCOUNTS RECEIVABLE3,388,1632,164,6731,223,490
<br /> INVENTORIES1,802,5191,637,838164,681
<br /> PREPAID ITEMS287,614252,21735,398
<br /> CONSTRUCTION IN PROGRESS449,008323,516125,492
<br /> TOTAL CURRENT ASSETS9,712,6409,999,853(287,213)
<br />RESTRICTED ASSETS
<br /> BOND RESERVE FUND1,779,0161,779,0160
<br /> EMERGENCY RESERVE FUND7,422,2817,393,33228,949
<br /> TOTAL RESTRICTED ASSETS9,201,2979,172,34828,949
<br />FIXED ASSETS
<br /> PRODUCTION795,920795,9200
<br /> TRANSMISSION2,305,0242,305,0240
<br /> DISTRIBUTION54,511,92754,484,54027,387
<br /> GENERAL25,418,51025,401,30517,206
<br /> FIXED ASSETS (COST)83,031,38182,986,78844,593
<br /> LESS ACCUMULATED DEPRECIATION(36,982,070)(36,782,599)(199,471)
<br /> TOTAL FIXED ASSETS, NET46,049,31046,204,189(154,879)
<br />INTANGIBLE ASSETS
<br /> POWER AGENCY MEMBERSHIP BUY-IN21,546,21221,546,2120
<br /> LOSS OF REVENUE INTANGIBLE7,169,4127,169,4120
<br /> LESS ACCUMULATED AMORTIZATION(4,230,372)(4,174,694)(55,678)
<br /> TOTAL INTANGIBLE ASSETS, NET24,485,25224,540,930(55,678)
<br />OTHER ASSETS AND DEFERRED OUTFLOWS690,058690,0580
<br />90,138,55690,607,378(468,821)
<br /> TOTAL ASSETS
<br />LIABILITIES AND FUND EQUITY
<br />CURRENT LIABILITIES
<br /> ACCOUNTS PAYABLE5,247,4885,392,384(144,896)
<br /> SALARIES AND BENEFITS PAYABLE1,119,9251,179,875(59,950)
<br /> DUE TO CITY818,7741,144,737(325,963)
<br /> BONDS PAYABLE-CURRENT PORTION480,000990,000(510,000)
<br /> UNEARNED REVENUE17,7104,30513,405
<br /> TOTAL CURRENT LIABILITIES7,683,8978,711,301(1,027,404)
<br />LONG TERM LIABILITIES
<br /> BONDS PAYABLE, LESS CURRENT PORTION27,205,41127,210,400(4,989)
<br /> PENSION LIABILITIES2,720,4772,720,4770
<br /> TOTAL LONG TERM LIABILITIES29,925,88829,930,877(4,989)
<br />37,609,78538,642,178(1,032,393)
<br /> TOTAL LIABILITIES
<br />DEFERRED INFLOWS OF RESOURCES836,813836,8130
<br />FUND EQUITY
<br /> CAPITAL ACCOUNT CONST COST1,779,0161,779,0160
<br /> RETAINED EARNINGS49,349,37046,802,2172,547,153
<br /> NET INCOME (LOSS) (THROUGH PREVIOUS MONTH)563,5722,547,154(1,983,582)
<br /> TOTAL FUND EQUITY51,691,95851,128,386563,571
<br />90,138,55690,607,378(468,822)
<br /> TOTAL LIABILITIES & FUND EQUITY
<br />113
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