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ELK RIVER MUNICIPAL UTILITIES
<br />ELK RIVER, MINNESOTA
<br />ELECTRIC BALANCE SHEET
<br />Current Month
<br />Change from
<br />Prior MonthMay 31, 2025 April 30, 2025
<br />ASSETS
<br />CURRENT ASSETS
<br /> CASH 3,532,425 3,869,563 (337,138)
<br /> ACCOUNTS RECEIVABLE 2,883,269 2,173,262 710,007
<br /> INVENTORIES 2,337,096 2,323,741 13,356
<br /> PREPAID ITEMS 223,835 252,860 (29,025)
<br /> CONSTRUCTION IN PROGRESS 1,194,065 1,054,678 139,386
<br /> TOTAL CURRENT ASSETS 10,170,690 9,674,104 496,586
<br />RESTRICTED ASSETS
<br /> BOND RESERVE FUND 1,779,016 1,779,016 0
<br /> EMERGENCY RESERVE FUND 7,534,597 7,509,365 25,232
<br /> TOTAL RESTRICTED ASSETS 9,313,613 9,288,381 25,232
<br />FIXED ASSETS
<br /> PRODUCTION 795,920 795,920 0
<br /> TRANSMISSION 2,305,024 2,305,024 0
<br /> DISTRIBUTION 54,925,596 54,815,768 109,828
<br /> GENERAL 25,605,389 25,593,777 11,612
<br /> FIXED ASSETS (COST)83,631,928 83,510,488 121,440
<br /> LESS ACCUMULATED DEPRECIATION (37,861,914)(37,629,086)(232,828)
<br /> TOTAL FIXED ASSETS, NET 45,770,014 45,881,402 (111,388)
<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 (4,453,084)(4,397,406)(55,678)
<br /> TOTAL INTANGIBLE ASSETS, NET 24,262,540 24,318,218 (55,678)
<br />OTHER ASSETS AND DEFERRED OUTFLOWS 322,181 322,181 0
<br /> TOTAL ASSETS 89,839,038 89,484,286 354,752
<br />LIABILITIES AND FUND EQUITY
<br />CURRENT LIABILITIES
<br /> ACCOUNTS PAYABLE 4,628,547 4,434,995 193,552
<br /> SALARIES AND BENEFITS PAYABLE 1,176,759 1,118,333 58,427
<br /> DUE TO CITY 785,765 946,405 (160,640)
<br /> BONDS PAYABLE-CURRENT PORTION 480,000 480,000 0
<br /> UNEARNED REVENUE 11,270 12,880 (1,610)
<br /> TOTAL CURRENT LIABILITIES 7,082,342 6,992,613 89,728
<br />LONG TERM LIABILITIES
<br /> BONDS PAYABLE, LESS CURRENT PORTION 27,185,457 27,190,446 (4,989)
<br /> PENSION LIABILITIES 1,708,036 1,708,036 0
<br /> TOTAL LONG TERM LIABILITIES 28,893,493 28,898,482 (4,989)
<br /> TOTAL LIABILITIES 35,975,835 35,891,095 84,740
<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)1,253,440 983,427 270,013
<br /> TOTAL FUND EQUITY 52,656,228 52,386,216 270,013
<br /> TOTAL LIABILITIES & FUND EQUITY 89,839,038 89,484,286 354,752
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