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ELK RIVER MUNICIPAL UTILITIES
<br />ELK RIVER, MINNESOTA
<br />COMBINED BALANCE SHEET
<br />FOR PERIOD ENDING MAY 2025
<br />ELECTRIC WATER
<br />ASSETS
<br />CURRENT ASSETS
<br /> CASH 5,251,7323,532,425
<br /> ACCOUNTS RECEIVABLE 5,114,0412,883,269
<br /> INVENTORIES 48,6172,337,096
<br /> PREPAID ITEMS 51,676223,835
<br /> CONSTRUCTION IN PROGRESS 199,9911,194,065
<br /> TOTAL CURRENT ASSETS 10,666,05710,170,690
<br />RESTRICTED ASSETS
<br /> BOND RESERVE FUND 01,779,016
<br /> EMERGENCY RESERVE FUND 4,262,0907,534,597
<br /> UNRESTRICTED RESERVE FUND 00
<br /> TOTAL RESTRICTED ASSETS 4,262,0909,313,613
<br />FIXED ASSETS
<br /> PRODUCTION 17,177,471795,920
<br /> LFG PROJECT 00
<br /> TRANSMISSION 02,305,024
<br /> DISTRIBUTION 30,835,17354,925,596
<br /> GENERAL 1,615,53725,605,389
<br /> FIXED ASSETS (COST)49,628,18283,631,928
<br /> LESS ACCUMULATED DEPRECIATION (24,487,959)(37,861,914)
<br /> TOTAL FIXED ASSETS, NET 25,140,22345,770,014
<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(4,453,084)
<br /> TOTAL INTANGIBLE ASSETS, NET 024,262,540
<br />OTHER ASSETS AND DEFERRED OUTFLOWS 61,420322,181
<br /> TOTAL ASSETS 40,129,79089,839,038
<br />LIABILITIES AND FUND EQUITY
<br />CURRENT LIABILITIES
<br /> ACCOUNTS PAYABLE 270,5744,628,547
<br /> SALARIES AND BENEFITS PAYABLE 164,4301,176,759
<br /> DUE TO CITY 2,884785,765
<br /> DUE TO OTHER FUNDS 00
<br /> NOTES PAYABLE-CURRENT PORTION 00
<br /> BONDS PAYABLE-CURRENT PORTION 65,000480,000
<br /> UNEARNED REVENUE 188,23411,270
<br /> TOTAL CURRENT LIABILITIES 691,1227,082,342
<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 1,487,52327,185,457
<br /> PENSION LIABILITIES 328,9841,708,036
<br /> TOTAL LONG TERM LIABILITIES 1,816,50728,893,493
<br /> TOTAL LIABILITIES 2,507,63035,975,835
<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)(518,684)1,253,440
<br /> TOTAL FUND EQUITY 32,933,07452,656,228
<br /> TOTAL LIABILITIES & FUND EQUITY 40,129,79089,839,038
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