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ELK RIVER MUNICIPAL UTILITIES
<br />ELK RIVER, MINNESOTA
<br />WATER 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 />5,894,431
<br />5,794,255
<br />100,176
<br />ACCOUNTS RECEIVABLE
<br />5,203,914
<br />5,189,452
<br />14,462
<br />INVENTORIES
<br />42,042
<br />44,880
<br />(2,838)
<br />PREPAID ITEMS
<br />55,004
<br />45,046
<br />9,959
<br />CONSTRUCTION IN PROGRESS
<br />251,345
<br />215,583
<br />35,762
<br />TOTAL CURRENT ASSETS
<br />11,446,737
<br />11,289,217
<br />157,520
<br />RESTRICTED ASSETS
<br />EMERGENCY RESERVE FUND
<br />4,277,408
<br />4,269,978
<br />7,430
<br />TOTAL RESTRICTED ASSETS
<br />4,277,408
<br />4,269,978
<br />7,430
<br />FIXED ASSETS
<br />PRODUCTION
<br />17,196,492
<br />17,177,471
<br />19,021
<br />DISTRIBUTION
<br />30,835,323
<br />30,835,323
<br />0
<br />GENERAL
<br />1,620,497
<br />1,615,537
<br />4,960
<br />FIXED ASSETS (COST)
<br />49,652,312
<br />49,628,332
<br />23,981
<br />LESS ACCUMULATED DEPRECIATION
<br />(24,718,575)
<br />(24,603,090)
<br />(115,485)
<br />TOTAL FIXED ASSETS, NET
<br />24,933,737
<br />25,025,242
<br />(91,504)
<br />INTANGIBLE ASSETS
<br />OTHER ASSETS AND DEFERRED OUTFLOWS
<br />61,420
<br />61,420
<br />0
<br />TOTAL ASSETS
<br />40,719,302
<br />40,645,856
<br />73,446
<br />LIABILITIES AND FUND EQUITY
<br />CURRENT LIABILITIES
<br />ACCOUNTS PAYABLE
<br />272,089
<br />273,901
<br />(1,813)
<br />SALARIES AND BENEFITS PAYABLE
<br />187,837
<br />178,215
<br />9,622
<br />DUE TO CITY
<br />3,731
<br />2,115
<br />1,616
<br />BONDS PAYABLE -CURRENT PORTION
<br />0
<br />65,000
<br />(65,000)
<br />UNEARNED REVENUE
<br />439,381
<br />393,197
<br />46,184
<br />TOTAL CURRENT LIABILITIES
<br />903,038
<br />912,428
<br />(9,391)
<br />LONG TERM LIABILITIES
<br />BONDS PAYABLE, LESS CURRENT PORTION
<br />1,486,415
<br />1,486,969
<br />(554)
<br />PENSION LIABILITIES
<br />328,984
<br />329,984
<br />0
<br />TOTAL LONG TERM LIABILITIES
<br />1,815,399
<br />1,815,953
<br />(554)
<br />TOTAL LIABILITIES
<br />2,718,437
<br />2,728,382
<br />(9,945)
<br />DEFERRED INFLOWS OF RESOURCES
<br />4,689,086
<br />4,689,086
<br />0
<br />FUND EQUITY
<br />RETAINED EARNINGS
<br />33,451,758
<br />33,451,758
<br />0
<br />NET INCOME (LOSS) (THROUGH PREVIOUS MONTH)
<br />(139,979)
<br />(223,369)
<br />83,391
<br />TOTAL FUND EQUITY
<br />33,311,779
<br />33,229,389
<br />83,391
<br />TOTAL LIABILITIES & FUND EQUITY
<br />40,719,302
<br />40,645,856
<br />73,446
<br />
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