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ELK RIVER MUNICIPAL UTILITIES
<br />ELK RIVER, MINNESOTA
<br />WATER BALANCE SHEET
<br />Current Month
<br />Change from
<br />Prior MonthApril 30, 2025 March 31, 2025
<br />ASSETS
<br />CURRENT ASSETS
<br /> CASH 5,264,469 5,383,185 (118,716)
<br /> ACCOUNTS RECEIVABLE 5,096,687 5,056,696 39,991
<br /> INVENTORIES 51,535 50,508 1,028
<br /> PREPAID ITEMS 58,144 62,369 (4,225)
<br /> CONSTRUCTION IN PROGRESS 190,814 172,759 18,056
<br /> TOTAL CURRENT ASSETS 10,661,650 10,725,517 (63,867)
<br />RESTRICTED ASSETS
<br /> EMERGENCY RESERVE FUND 4,255,782 4,247,874 7,908
<br /> TOTAL RESTRICTED ASSETS 4,255,782 4,247,874 7,908
<br />FIXED ASSETS
<br /> PRODUCTION 17,177,471 17,177,471 0
<br /> DISTRIBUTION 30,835,173 30,835,173 0
<br /> GENERAL 1,614,926 1,548,813 66,113
<br /> FIXED ASSETS (COST)49,627,570 49,561,458 66,113
<br /> LESS ACCUMULATED DEPRECIATION (24,372,723)(24,257,095)(115,628)
<br /> TOTAL FIXED ASSETS, NET 25,254,848 25,304,363 (49,515)
<br />INTANGIBLE ASSETS
<br />OTHER ASSETS AND DEFERRED OUTFLOWS 61,420 61,420 0
<br /> TOTAL ASSETS 40,233,700 40,339,174 (105,474)
<br />LIABILITIES AND FUND EQUITY
<br />CURRENT LIABILITIES
<br /> ACCOUNTS PAYABLE 330,248 347,316 (17,069)
<br /> SALARIES AND BENEFITS PAYABLE 155,860 167,535 (11,675)
<br /> DUE TO CITY 2,954 1,963 991
<br /> BONDS PAYABLE-CURRENT PORTION 65,000 65,000 0
<br /> UNEARNED REVENUE 188,234 188,234 0
<br /> TOTAL CURRENT LIABILITIES 742,296 770,049 (27,753)
<br />LONG TERM LIABILITIES
<br /> BONDS PAYABLE, LESS CURRENT PORTION 1,488,078 1,488,632 (554)
<br /> PENSION LIABILITIES 328,984 328,984 0
<br /> TOTAL LONG TERM LIABILITIES 1,817,062 1,817,616 (554)
<br /> TOTAL LIABILITIES 2,559,358 2,587,665 (28,307)
<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)(466,502)(389,335)(77,167)
<br /> TOTAL FUND EQUITY 32,985,256 33,062,423 (77,167)
<br /> TOTAL LIABILITIES & FUND EQUITY 40,233,700 40,339,174 (105,474)
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