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ELK RIVER MUNICIPAL UTILITIES
<br />ELK RIVER, MINNESOTA
<br />ELECTRIC BALANCE SHEET
<br />Current Month
<br />Change from
<br />Prior MonthMarch 31, 2025 February 28, 2025
<br />ASSETS
<br />CURRENT ASSETS
<br /> CASH 3,416,766 3,457,585 (40,819)
<br /> ACCOUNTS RECEIVABLE 2,734,264 2,477,100 257,164
<br /> INVENTORIES 2,279,871 2,056,354 223,517
<br /> PREPAID ITEMS 262,711 285,569 (22,858)
<br /> CONSTRUCTION IN PROGRESS 958,531 817,468 141,064
<br /> TOTAL CURRENT ASSETS 9,652,144 9,094,076 558,067
<br />RESTRICTED ASSETS
<br /> BOND RESERVE FUND 1,779,016 1,779,016 0
<br /> EMERGENCY RESERVE FUND 7,477,735 7,447,332 30,403
<br /> TOTAL RESTRICTED ASSETS 9,256,750 9,226,347 30,403
<br />FIXED ASSETS
<br /> PRODUCTION 795,920 795,920 0
<br /> TRANSMISSION 2,305,024 2,305,024 0
<br /> DISTRIBUTION 54,613,645 54,571,033 42,612
<br /> GENERAL 25,491,391 25,427,855 63,537
<br /> FIXED ASSETS (COST)83,205,979 83,099,831 106,148
<br /> LESS ACCUMULATED DEPRECIATION (37,396,577)(37,212,969)(183,608)
<br /> TOTAL FIXED ASSETS, NET 45,809,402 45,886,862 (77,460)
<br />INTANGIBLE ASSETS
<br /> POWER AGENCY MEMBERSHIP BUY-IN 21,546,212 21,546,212 0
<br /> LOSS OF REVENUE INTANGIBLE 7,169,412 7,169,412 0
<br /> LESS ACCUMULATED AMORTIZATION (4,341,728)(4,286,050)(55,678)
<br /> TOTAL INTANGIBLE ASSETS, NET 24,373,896 24,429,574 (55,678)
<br />OTHER ASSETS AND DEFERRED OUTFLOWS 322,181 322,181 0
<br /> TOTAL ASSETS 89,414,373 88,959,040 455,333
<br />LIABILITIES AND FUND EQUITY
<br />CURRENT LIABILITIES
<br /> ACCOUNTS PAYABLE 4,438,394 4,330,379 108,015
<br /> SALARIES AND BENEFITS PAYABLE 1,184,864 1,154,533 30,331
<br /> DUE TO CITY 864,440 771,861 92,579
<br /> BONDS PAYABLE-CURRENT PORTION 480,000 480,000 0
<br /> UNEARNED REVENUE 14,490 16,100 (1,610)
<br /> TOTAL CURRENT LIABILITIES 6,982,187 6,752,872 229,315
<br />LONG TERM LIABILITIES
<br /> BONDS PAYABLE, LESS CURRENT PORTION 27,195,434 27,200,423 (4,989)
<br /> PENSION LIABILITIES 1,708,036 1,708,036 0
<br /> TOTAL LONG TERM LIABILITIES 28,903,470 28,908,459 (4,989)
<br /> TOTAL LIABILITIES 35,885,658 35,661,331 224,326
<br />DEFERRED INFLOWS OF RESOURCES 1,206,975 1,206,975 0
<br />FUND EQUITY
<br /> CAPITAL ACCOUNT CONST COST 1,779,016 1,779,016 0
<br /> RETAINED EARNINGS 49,623,773 49,623,773 0
<br /> NET INCOME (LOSS) (THROUGH PREVIOUS MONTH)918,952 687,946 231,006
<br /> TOTAL FUND EQUITY 52,321,741 52,090,734 231,006
<br /> TOTAL LIABILITIES & FUND EQUITY 89,414,373 88,959,040 455,333
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