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Elk River Municipal Utilities
<br />Elk River, Minnesota
<br />Statement of Net Position (Continued)
<br />December 31, 2024
<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 />$ 3,735,783 $ 277,044 $ 4,012,827
<br />315,039 62,002 377,041
<br />341,232 16,333 357,565
<br />1,144,737 243,473 1,388,210
<br />184,382 8,621 193,003
<br />1,132,673 121,073 1,253,746
<br />4,305 151,263 155,568
<br />863,148 104,216 967,364
<br />990,000 65,000 1,055,000
<br />8,711,299 1,049,025 9,760,324
<br />27,210,400 1,490,295 28,700,695
<br />1,708,036 328,984 2,037,020
<br />28,918,436 1,819,279 30,737,715
<br />37,629,735 2,868,304 40,498,039
<br />1,206,975 231,840 1,438,815
<br />- 4,457,246 4,457,246
<br />1,206,975 4,689,086 5,896,061
<br />42,868,236 24,097,939 66,966,175
<br />1,779,016 - 1,779,016
<br />6,755,543 9,353,818 16,109,361
<br />$ 51,402,795 $ 33,451,757 $ 84,854,552
<br />The notes to the financial statements are an integral part of this statement.
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