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ELK RIVER MUNICIPAL UTILITIES
<br />ELK RIVER, MINNESOTA
<br />COMBINED BALANCE SHEET
<br />FOR PERIOD ENDING APRIL 2025
<br />ELECTRIC WATER
<br />ASSETS
<br />CURRENT ASSETS
<br /> CASH 5,264,4693,869,563
<br /> ACCOUNTS RECEIVABLE 5,096,6872,173,262
<br /> INVENTORIES 51,5352,323,741
<br /> PREPAID ITEMS 58,144252,860
<br /> CONSTRUCTION IN PROGRESS 190,8141,054,678
<br /> TOTAL CURRENT ASSETS 10,661,6509,674,104
<br />RESTRICTED ASSETS
<br /> BOND RESERVE FUND 01,779,016
<br /> EMERGENCY RESERVE FUND 4,255,7827,509,365
<br /> UNRESTRICTED RESERVE FUND 00
<br /> TOTAL RESTRICTED ASSETS 4,255,7829,288,381
<br />FIXED ASSETS
<br /> PRODUCTION 17,177,471795,920
<br /> LFG PROJECT 00
<br /> TRANSMISSION 02,305,024
<br /> DISTRIBUTION 30,835,17354,815,768
<br /> GENERAL 1,614,92625,593,777
<br /> FIXED ASSETS (COST)49,627,57083,510,488
<br /> LESS ACCUMULATED DEPRECIATION (24,372,723)(37,629,086)
<br /> TOTAL FIXED ASSETS, NET 25,254,84845,881,402
<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(4,397,406)
<br /> TOTAL INTANGIBLE ASSETS, NET 024,318,218
<br />OTHER ASSETS AND DEFERRED OUTFLOWS 61,420322,181
<br /> TOTAL ASSETS 40,233,70089,484,286
<br />LIABILITIES AND FUND EQUITY
<br />CURRENT LIABILITIES
<br /> ACCOUNTS PAYABLE 330,2484,434,995
<br /> SALARIES AND BENEFITS PAYABLE 155,8601,118,333
<br /> DUE TO CITY 2,954946,405
<br /> DUE TO OTHER FUNDS 00
<br /> NOTES PAYABLE-CURRENT PORTION 00
<br /> BONDS PAYABLE-CURRENT PORTION 65,000480,000
<br /> UNEARNED REVENUE 188,23412,880
<br /> TOTAL CURRENT LIABILITIES 742,2966,992,613
<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 1,488,07827,190,446
<br /> PENSION LIABILITIES 328,9841,708,036
<br /> TOTAL LONG TERM LIABILITIES 1,817,06228,898,482
<br /> TOTAL LIABILITIES 2,559,35835,891,095
<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)(466,502)983,427
<br /> TOTAL FUND EQUITY 32,985,25652,386,216
<br /> TOTAL LIABILITIES & FUND EQUITY 40,233,70089,484,286
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