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ELK RIVER MUNICIPAL UTILITIES
<br />ELK RIVER, MINNESOTA
<br />ELECTRIC BALANCE SHEET
<br />Current Month
<br />Change from
<br />July 31, 2025
<br />June 30, 2025
<br />Prior Month
<br />ASSETS
<br />CURRENT ASSETS
<br />CASH
<br />3,845,813
<br />4,600,195
<br />(754,382)
<br />ACCOUNTS RECEIVABLE
<br />2,691,568
<br />2,726,509
<br />(34,940)
<br />INVENTORIES
<br />2,172,000
<br />2,280,292
<br />(108,292)
<br />PREPAID ITEMS
<br />223,400
<br />198,422
<br />24,977
<br />CONSTRUCTION IN PROGRESS
<br />1,662,678
<br />1,463,245
<br />199,433
<br />TOTAL CURRENT ASSETS
<br />10,595,460
<br />11,269,663
<br />(673,204)
<br />RESTRICTED ASSETS
<br />BOND RESERVE FUND
<br />1,779,016
<br />1,779,016
<br />0
<br />EMERGENCY RESERVE FUND
<br />7,595,869
<br />7,566,150
<br />29,718
<br />TOTAL RESTRICTED ASSETS
<br />9,374,884
<br />9,345,166
<br />29,718
<br />FIXED ASSETS
<br />PRODUCTION
<br />795,920
<br />795,920
<br />0
<br />TRANSMISSION
<br />2,305,024
<br />2,305,024
<br />0
<br />DISTRIBUTION
<br />55,181,690
<br />55,014,802
<br />166,888
<br />GENERAL
<br />25,630,632
<br />25,605,389
<br />25,243
<br />FIXED ASSETS (COST)
<br />83,913,265
<br />83,721,134
<br />192,131
<br />LESS ACCUMULATED DEPRECIATION
<br />(38,327,668)
<br />(38,094,268)
<br />(233,400)
<br />TOTAL FIXED ASSETS, NET
<br />45,585,597
<br />45,626,866
<br />(41,269)
<br />INTANGIBLE ASSETS
<br />POWER AGENCY MEMBERSHIP BUY -IN
<br />21,546,212
<br />21,546,212
<br />0
<br />LOSS OF REVENUE INTANGIBLE
<br />7,169,412
<br />7,169,412
<br />0
<br />LESS ACCUMULATED AMORTIZATION
<br />(4,564,440)
<br />(4,508,762)
<br />(55,678)
<br />TOTAL INTANGIBLE ASSETS, NET
<br />24,151,184
<br />24,206,862
<br />(55,678)
<br />OTHER ASSETS AND DEFERRED OUTFLOWS
<br />322,181
<br />322,181
<br />0
<br />TOTAL ASSETS
<br />90,029,306
<br />90,769,738
<br />(740,432)
<br />LIABILITIES AND FUND EQUITY
<br />CURRENT LIABILITIES
<br />ACCOUNTS PAYABLE
<br />5,617,262
<br />5,453,772
<br />163,490
<br />SALARIES AND BENEFITS PAYABLE
<br />1,220,931
<br />1,221,874
<br />(943)
<br />DUE TO CITY
<br />729,916
<br />889,618
<br />(159,702)
<br />BONDS PAYABLE -CURRENT PORTION
<br />0
<br />480,000
<br />(480,000)
<br />UNEARNED REVENUE
<br />8,050
<br />9,660
<br />(1,610)
<br />TOTAL CURRENT LIABILITIES
<br />7,576,158
<br />8,054,924
<br />(478,765)
<br />LONG TERM LIABILITIES
<br />BONDS PAYABLE, LESS CURRENT PORTION
<br />27,175,480
<br />27,180,469
<br />(4,989)
<br />PENSION LIABILITIES
<br />1,708,036
<br />1,708,036
<br />0
<br />TOTAL LONG TERM LIABILITIES
<br />28,883,516
<br />28,888,505
<br />(4,989)
<br />TOTAL LIABILITIES
<br />36,459,674
<br />36,943,428
<br />(483,754)
<br />DEFERRED INFLOWS OF RESOURCES
<br />1,206,975
<br />1,206,975
<br />0
<br />FUND EQUITY
<br />CAPITAL ACCOUNT CONST COST
<br />1,779,016
<br />1,779,016
<br />0
<br />RETAINED EARNINGS
<br />49,623,773
<br />49,623,773
<br />0
<br />NET INCOME (LOSS) (THROUGH PREVIOUS MONTH)
<br />959,868
<br />1,216,547
<br />(256,679)
<br />TOTAL FUND EQUITY
<br />52,362,656
<br />52,619,335
<br />(256,679)
<br />TOTAL LIABILITIES & FUND EQUITY
<br />90,029,306
<br />90,769,738
<br />(740,432)
<br />47
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