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ELK RIVER MUNICIPAL UTILITIES
<br />ELK RIVER, MINNESOTA
<br />WATER BALANCE SHEET
<br />Current Month
<br />Change from
<br />January 31, 2025December 31, 2024
<br />ASSETS
<br />CURRENT ASSETS
<br /> CASH5,589,2275,734,416(145,189)
<br /> ACCOUNTS RECEIVABLE5,340,8525,457,052(116,201)
<br /> INVENTORIES54,59756,846(2,249)
<br /> PREPAID ITEMS52,33156,336(4,005)
<br /> CONSTRUCTION IN PROGRESS65,4352,48262,953
<br /> TOTAL CURRENT ASSETS11,102,44111,307,132(204,691)
<br />RESTRICTED ASSETS
<br /> EMERGENCY RESERVE FUND4,234,0114,226,7747,237
<br /> TOTAL RESTRICTED ASSETS4,234,0114,226,7747,237
<br />FIXED ASSETS
<br /> PRODUCTION17,177,47117,177,4710
<br /> DISTRIBUTION30,835,17330,835,1730
<br /> GENERAL1,548,8131,548,8130
<br /> FIXED ASSETS (COST)49,561,45849,561,4580
<br /> LESS ACCUMULATED DEPRECIATION(24,026,289)(23,910,708)(115,582)
<br /> TOTAL FIXED ASSETS, NET25,535,16825,650,750(115,582)
<br />INTANGIBLE ASSETS
<br />OTHER ASSETS AND DEFERRED OUTFLOWS126,311126,3110
<br />40,997,93141,310,967(313,035)
<br /> TOTAL ASSETS
<br />LIABILITIES AND FUND EQUITY
<br />CURRENT LIABILITIES
<br /> ACCOUNTS PAYABLE361,411422,911(61,499)
<br /> SALARIES AND BENEFITS PAYABLE156,339166,375(10,036)
<br /> DUE TO CITY95,020243,473(148,453)
<br /> BONDS PAYABLE-CURRENT PORTION65,00065,0000
<br /> UNEARNED REVENUE496,471459,50036,971
<br /> TOTAL CURRENT LIABILITIES1,174,2421,357,259(183,017)
<br />LONG TERM LIABILITIES
<br /> BONDS PAYABLE, LESS CURRENT PORTION1,489,7401,490,295(554)
<br /> PENSION LIABILITIES500,450500,4500
<br /> TOTAL LONG TERM LIABILITIES1,990,1901,990,745(554)
<br />3,164,4323,348,004(183,571)
<br /> TOTAL LIABILITIES
<br />DEFERRED INFLOWS OF RESOURCES4,937,9844,937,9840
<br />FUND EQUITY
<br /> RETAINED EARNINGS33,024,97933,120,013(95,034)
<br /> NET INCOME (LOSS) (THROUGH PREVIOUS MONTH)(129,464)(95,034)(34,430)
<br /> TOTAL FUND EQUITY32,895,51533,024,979(129,464)
<br />40,997,93141,310,967(313,036)
<br /> TOTAL LIABILITIES & FUND EQUITY
<br />114
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