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ELK RIVER MUNICIPAL UTILITIES
<br />ELK RIVER, MINNESOTA
<br />WATER BALANCE SHEET
<br />Current Month
<br />Change from
<br />Prior MonthMay 31, 2025 April 30, 2025
<br />ASSETS
<br />CURRENT ASSETS
<br /> CASH 5,251,732 5,264,469 (12,737)
<br /> ACCOUNTS RECEIVABLE 5,114,041 5,096,687 17,355
<br /> INVENTORIES 48,617 51,535 (2,918)
<br /> PREPAID ITEMS 51,676 58,144 (6,468)
<br /> CONSTRUCTION IN PROGRESS 199,991 190,814 9,176
<br /> TOTAL CURRENT ASSETS 10,666,057 10,661,650 4,408
<br />RESTRICTED ASSETS
<br /> EMERGENCY RESERVE FUND 4,262,090 4,255,782 6,308
<br /> TOTAL RESTRICTED ASSETS 4,262,090 4,255,782 6,308
<br />FIXED ASSETS
<br /> PRODUCTION 17,177,471 17,177,471 0
<br /> DISTRIBUTION 30,835,173 30,835,173 0
<br /> GENERAL 1,615,537 1,614,926 611
<br /> FIXED ASSETS (COST)49,628,182 49,627,570 611
<br /> LESS ACCUMULATED DEPRECIATION (24,487,959)(24,372,723)(115,236)
<br /> TOTAL FIXED ASSETS, NET 25,140,223 25,254,848 (114,625)
<br />INTANGIBLE ASSETS
<br />OTHER ASSETS AND DEFERRED OUTFLOWS 61,420 61,420 0
<br /> TOTAL ASSETS 40,129,790 40,233,700 (103,910)
<br />LIABILITIES AND FUND EQUITY
<br />CURRENT LIABILITIES
<br /> ACCOUNTS PAYABLE 270,574 330,248 (59,674)
<br /> SALARIES AND BENEFITS PAYABLE 164,430 155,860 8,570
<br /> DUE TO CITY 2,884 2,954 (70)
<br /> BONDS PAYABLE-CURRENT PORTION 65,000 65,000 0
<br /> UNEARNED REVENUE 188,234 188,234 0
<br /> TOTAL CURRENT LIABILITIES 691,122 742,296 (51,174)
<br />LONG TERM LIABILITIES
<br /> BONDS PAYABLE, LESS CURRENT PORTION 1,487,523 1,488,078 (554)
<br /> PENSION LIABILITIES 328,984 328,984 0
<br /> TOTAL LONG TERM LIABILITIES 1,816,507 1,817,062 (554)
<br /> TOTAL LIABILITIES 2,507,630 2,559,358 (51,728)
<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)(518,684)(466,502)(52,182)
<br /> TOTAL FUND EQUITY 32,933,074 32,985,256 (52,182)
<br /> TOTAL LIABILITIES & FUND EQUITY 40,129,790 40,233,700 (103,910)
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