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ELK RIVER MUNICIPAL UTILITIES
<br />ELK RIVER, MINNESOTA
<br />ELECTRIC BALANCE SHEET
<br />Current Month
<br />Change from
<br />Prior MonthApril 30, 2025 March 31, 2025
<br />ASSETS
<br />CURRENT ASSETS
<br /> CASH 3,869,563 3,416,766 452,797
<br /> ACCOUNTS RECEIVABLE 2,173,262 2,734,264 (561,002)
<br /> INVENTORIES 2,323,741 2,279,871 43,870
<br /> PREPAID ITEMS 252,860 262,711 (9,851)
<br /> CONSTRUCTION IN PROGRESS 1,054,678 958,531 96,147
<br /> TOTAL CURRENT ASSETS 9,674,104 9,652,144 21,960
<br />RESTRICTED ASSETS
<br /> BOND RESERVE FUND 1,779,016 1,779,016 0
<br /> EMERGENCY RESERVE FUND 7,509,365 7,477,735 31,630
<br /> TOTAL RESTRICTED ASSETS 9,288,381 9,256,750 31,630
<br />FIXED ASSETS
<br /> PRODUCTION 795,920 795,920 0
<br /> TRANSMISSION 2,305,024 2,305,024 0
<br /> DISTRIBUTION 54,815,768 54,613,645 202,123
<br /> GENERAL 25,593,777 25,491,391 102,386
<br /> FIXED ASSETS (COST)83,510,488 83,205,979 304,509
<br /> LESS ACCUMULATED DEPRECIATION (37,629,086)(37,396,577)(232,509)
<br /> TOTAL FIXED ASSETS, NET 45,881,402 45,809,402 72,000
<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 (4,397,406)(4,341,728)(55,678)
<br /> TOTAL INTANGIBLE ASSETS, NET 24,318,218 24,373,896 (55,678)
<br />OTHER ASSETS AND DEFERRED OUTFLOWS 322,181 322,181 0
<br /> TOTAL ASSETS 89,484,286 89,414,373 69,913
<br />LIABILITIES AND FUND EQUITY
<br />CURRENT LIABILITIES
<br /> ACCOUNTS PAYABLE 4,434,995 4,438,394 (3,399)
<br /> SALARIES AND BENEFITS PAYABLE 1,118,333 1,184,864 (66,531)
<br /> DUE TO CITY 946,405 864,440 81,965
<br /> BONDS PAYABLE-CURRENT PORTION 480,000 480,000 0
<br /> UNEARNED REVENUE 12,880 14,490 (1,610)
<br /> TOTAL CURRENT LIABILITIES 6,992,613 6,982,187 10,426
<br />LONG TERM LIABILITIES
<br /> BONDS PAYABLE, LESS CURRENT PORTION 27,190,446 27,195,434 (4,989)
<br /> PENSION LIABILITIES 1,708,036 1,708,036 0
<br /> TOTAL LONG TERM LIABILITIES 28,898,482 28,903,470 (4,989)
<br /> TOTAL LIABILITIES 35,891,095 35,885,658 5,437
<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)983,427 918,952 64,475
<br /> TOTAL FUND EQUITY 52,386,216 52,321,741 64,475
<br /> TOTAL LIABILITIES & FUND EQUITY 89,484,286 89,414,373 69,913
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