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ELK RIVER MUNICIPAL UTILITIES
<br />ELK RIVER, MINNESOTA
<br />ELECTRIC BALANCE SHEET
<br />Current Month
<br />Change from
<br />February 28, 2025 January 31, 2025 Prior Month
<br />ASSETS
<br />CURRENT ASSETS
<br />CASH
<br />3,457,585
<br />3,785,335
<br />(327,750)
<br />ACCOUNTS RECEIVABLE
<br />2,477,100
<br />3,388,163
<br />(911,063)
<br />INVENTORIES
<br />2,056,354
<br />1,802,519
<br />253,835
<br />PREPAID ITEMS
<br />285,569
<br />287,614
<br />(2,045)
<br />CONSTRUCTION IN PROGRESS
<br />817,468
<br />449,008
<br />368,459
<br />TOTAL CURRENT ASSETS
<br />9,094,076
<br />9,712,640
<br />(618,564)
<br />RESTRICTED ASSETS
<br />BOND RESERVE FUND
<br />1,779,016
<br />1,779,016
<br />0
<br />EMERGENCY RESERVE FUND
<br />7,447,332
<br />7,422,281
<br />25,051
<br />TOTAL RESTRICTED ASSETS
<br />9,226,347
<br />9,201,297
<br />25,051
<br />FIXED ASSETS
<br />PRODUCTION
<br />795,920
<br />795,920
<br />0
<br />TRANSMISSION
<br />2,305,024
<br />2,305,024
<br />0
<br />DISTRIBUTION
<br />54,571,033
<br />54,511,927
<br />59,106
<br />GENERAL
<br />25,427,855
<br />25,418,510
<br />9,344
<br />FIXED ASSETS (COST)
<br />83,099,831
<br />83,031,381
<br />68,450
<br />LESS ACCUMULATED DEPRECIATION
<br />(37,212,969)
<br />(36,982,070)
<br />(230,899)
<br />TOTAL FIXED ASSETS, NET
<br />45,886,862
<br />46,049,310
<br />(162,448)
<br />INTANGIBLE ASSETS
<br />POWER AGENCY MEMBERSHIP BUY -IN
<br />21,546,212
<br />21,546,212
<br />0
<br />LOSS OF REVENUE INTANGIBLE
<br />7,169,412
<br />7,169,412
<br />0
<br />LESS ACCUMULATED AMORTIZATION
<br />(4,286,050)
<br />(4,230,372)
<br />(55,678)
<br />TOTAL INTANGIBLE ASSETS, NET
<br />24,429,574
<br />24,485,252
<br />(55,678)
<br />OTHER ASSETS AND DEFERRED OUTFLOWS
<br />322,181
<br />322,181
<br />0
<br />TOTAL ASSETS
<br />88,959,040
<br />89,770,679
<br />(811,639)
<br />LIABILITIES AND FUND EQUITY
<br />CURRENT LIABILITIES
<br />ACCOUNTS PAYABLE
<br />4,330,379
<br />5,247,488
<br />(917,109)
<br />SALARIES AND BENEFITS PAYABLE
<br />1,154,533
<br />1,119,925
<br />34,607
<br />DUE TO CITY
<br />771,861
<br />818,774
<br />(46,913)
<br />BONDS PAYABLE -CURRENT PORTION
<br />480,000
<br />480,000
<br />0
<br />UNEARNED REVENUE
<br />16,100
<br />17,710
<br />(1,610)
<br />TOTAL CURRENT LIABILITIES
<br />6,752,872
<br />7,683,897
<br />(931,025)
<br />LONG TERM LIABILITIES
<br />BONDS PAYABLE, LESS CURRENT PORTION
<br />27,200,423
<br />27,205,411
<br />(4,989)
<br />PENSION LIABILITIES
<br />1,708,036
<br />1,708,036
<br />0
<br />TOTAL LONG TERM LIABILITIES
<br />28,908,459
<br />28,913,447
<br />(4,989)
<br />TOTAL LIABILITIES
<br />35,661,331
<br />36,597,344
<br />(936,013)
<br />DEFERRED INFLOWS OF RESOURCES
<br />1,206,975
<br />1,206,975
<br />0
<br />FUND EQUITY
<br />CAPITAL ACCOUNT CONST COST
<br />1,779,016
<br />1,779,016
<br />0
<br />RETAINED EARNINGS
<br />49,623,773
<br />49,623,773
<br />0
<br />NET INCOME (LOSS) (THROUGH PREVIOUS MONTH)
<br />687,946
<br />563,572
<br />124,374
<br />TOTAL FUND EQUITY
<br />52,090,734
<br />51,966,360
<br />124,374
<br />TOTAL LIABILITIES & FUND EQUITY
<br />88,959,040
<br />89,770,679
<br />(811,639)
<br />148
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