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ELK RIVER MUNICIPAL UTILITIES
<br />ELK RIVER, MINNESOTA
<br />WATER BALANCE SHEET
<br />Current Month
<br />Change from
<br />Prior MonthMarch 31, 2025 February 28, 2025
<br />ASSETS
<br />CURRENT ASSETS
<br /> CASH 5,383,185 5,442,440 (59,255)
<br /> ACCOUNTS RECEIVABLE 5,056,696 5,048,544 8,152
<br /> INVENTORIES 50,508 52,645 (2,137)
<br /> PREPAID ITEMS 62,369 58,521 3,849
<br /> CONSTRUCTION IN PROGRESS 172,759 107,320 65,439
<br /> TOTAL CURRENT ASSETS 10,725,517 10,709,470 16,047
<br />RESTRICTED ASSETS
<br /> EMERGENCY RESERVE FUND 4,247,874 4,240,274 7,601
<br /> TOTAL RESTRICTED ASSETS 4,247,874 4,240,274 7,601
<br />FIXED ASSETS
<br /> PRODUCTION 17,177,471 17,177,471 0
<br /> DISTRIBUTION 30,835,173 30,835,173 0
<br /> GENERAL 1,548,813 1,548,813 0
<br /> FIXED ASSETS (COST)49,561,458 49,561,458 0
<br /> LESS ACCUMULATED DEPRECIATION (24,257,095)(24,141,708)(115,387)
<br /> TOTAL FIXED ASSETS, NET 25,304,363 25,419,750 (115,387)
<br />INTANGIBLE ASSETS
<br />OTHER ASSETS AND DEFERRED OUTFLOWS 61,420 61,420 0
<br /> TOTAL ASSETS 40,339,174 40,430,913 (91,739)
<br />LIABILITIES AND FUND EQUITY
<br />CURRENT LIABILITIES
<br /> ACCOUNTS PAYABLE 347,316 330,756 16,561
<br /> SALARIES AND BENEFITS PAYABLE 167,535 162,364 5,171
<br /> DUE TO CITY 1,963 1,531 432
<br /> BONDS PAYABLE-CURRENT PORTION 65,000 65,000 0
<br /> UNEARNED REVENUE 188,234 188,234 0
<br /> TOTAL CURRENT LIABILITIES 770,049 747,885 22,164
<br />LONG TERM LIABILITIES
<br /> BONDS PAYABLE, LESS CURRENT PORTION 1,488,632 1,489,186 (554)
<br /> PENSION LIABILITIES 328,984 328,984 0
<br /> TOTAL LONG TERM LIABILITIES 1,817,616 1,818,170 (554)
<br /> TOTAL LIABILITIES 2,587,665 2,566,055 21,610
<br />DEFERRED INFLOWS OF RESOURCES 4,689,086 4,689,086 0
<br />FUND EQUITY
<br /> RETAINED EARNINGS 33,451,758 33,451,758 0
<br /> NET INCOME (LOSS) (THROUGH PREVIOUS MONTH)(389,335)(275,986)(113,349)
<br /> TOTAL FUND EQUITY 33,062,423 33,175,772 (113,349)
<br /> TOTAL LIABILITIES & FUND EQUITY 40,339,174 40,430,913 (91,739)
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