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ELK RIVER MUNICIPAL UTILITIES
<br />ELK RIVER, MINNESOTA
<br />COMBINED BALANCE SHEET
<br />FOR PERIOD ENDING MARCH 2025
<br />ELECTRIC WATER
<br />ASSETS
<br />CURRENT ASSETS
<br /> CASH 5,383,1853,416,766
<br /> ACCOUNTS RECEIVABLE 5,056,6962,734,264
<br /> INVENTORIES 50,5082,279,871
<br /> PREPAID ITEMS 62,369262,711
<br /> CONSTRUCTION IN PROGRESS 172,759958,531
<br /> TOTAL CURRENT ASSETS 10,725,5179,652,144
<br />RESTRICTED ASSETS
<br /> BOND RESERVE FUND 01,779,016
<br /> EMERGENCY RESERVE FUND 4,247,8747,477,735
<br /> UNRESTRICTED RESERVE FUND 00
<br /> TOTAL RESTRICTED ASSETS 4,247,8749,256,750
<br />FIXED ASSETS
<br /> PRODUCTION 17,177,471795,920
<br /> LFG PROJECT 00
<br /> TRANSMISSION 02,305,024
<br /> DISTRIBUTION 30,835,17354,613,645
<br /> GENERAL 1,548,81325,491,391
<br /> FIXED ASSETS (COST)49,561,45883,205,979
<br /> LESS ACCUMULATED DEPRECIATION (24,257,095)(37,396,577)
<br /> TOTAL FIXED ASSETS, NET 25,304,36345,809,402
<br />INTANGIBLE ASSETS
<br /> POWER AGENCY MEMBERSHIP BUY-IN 021,546,212
<br /> LOSS OF REVENUE INTANGIBLE 07,169,412
<br /> LESS ACCUMULATED AMORTIZATION 0(4,341,728)
<br /> TOTAL INTANGIBLE ASSETS, NET 024,373,896
<br />OTHER ASSETS AND DEFERRED OUTFLOWS 61,420322,181
<br /> TOTAL ASSETS 40,339,17489,414,373
<br />LIABILITIES AND FUND EQUITY
<br />CURRENT LIABILITIES
<br /> ACCOUNTS PAYABLE 347,3164,438,394
<br /> SALARIES AND BENEFITS PAYABLE 167,5351,184,864
<br /> DUE TO CITY 1,963864,440
<br /> DUE TO OTHER FUNDS 00
<br /> NOTES PAYABLE-CURRENT PORTION 00
<br /> BONDS PAYABLE-CURRENT PORTION 65,000480,000
<br /> UNEARNED REVENUE 188,23414,490
<br /> TOTAL CURRENT LIABILITIES 770,0496,982,187
<br />LONG TERM LIABILITIES
<br /> OPEB LIABILITY 00
<br /> LFG PROJECT 00
<br /> DUE TO COUNTY 00
<br /> DUE TO CITY 00
<br /> BONDS PAYABLE, LESS CURRENT PORTION 1,488,63227,195,434
<br /> PENSION LIABILITIES 328,9841,708,036
<br /> TOTAL LONG TERM LIABILITIES 1,817,61628,903,470
<br /> TOTAL LIABILITIES 2,587,66535,885,658
<br />DEFERRED INFLOWS OF RESOURCES 4,689,0861,206,975
<br />FUND EQUITY
<br /> CAPITAL ACCOUNT CONST COST 01,779,016
<br /> CONTRIBUTED CAPITAL 00
<br /> RETAINED EARNINGS 33,451,75849,623,773
<br /> NET INCOME (LOSS) (THROUGH PREVIOUS MONTH)(389,335)918,952
<br /> TOTAL FUND EQUITY 33,062,42352,321,741
<br /> TOTAL LIABILITIES & FUND EQUITY 40,339,17489,414,373
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