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ELK RIVER MUNICIPAL UTILITIES
<br />ELK RIVER, MINNESOTA
<br />COMBINED BALANCE SHEET
<br />FOR PERIOD ENDING SEPTEMBER 2025
<br />ELECTRIC WATER
<br />ASSETS
<br />CURRENT ASSETS
<br /> CASH 6,411,8694,808,882
<br /> ACCOUNTS RECEIVABLE 5,293,9242,793,498
<br /> INVENTORIES 58,8082,294,289
<br /> PREPAID ITEMS 66,257244,419
<br /> CONSTRUCTION IN PROGRESS 309,3072,052,982
<br /> TOTAL CURRENT ASSETS 12,140,16412,194,070
<br />RESTRICTED ASSETS
<br /> BOND RESERVE FUND 01,779,016
<br /> EMERGENCY RESERVE FUND 4,292,5917,656,601
<br /> UNRESTRICTED RESERVE FUND 00
<br /> TOTAL RESTRICTED ASSETS 4,292,5919,435,617
<br />FIXED ASSETS
<br /> PRODUCTION 17,217,448795,920
<br /> LFG PROJECT 00
<br /> TRANSMISSION 02,305,024
<br /> DISTRIBUTION 30,869,56155,672,322
<br /> GENERAL 1,632,20325,630,632
<br /> FIXED ASSETS (COST)49,719,21284,403,897
<br /> LESS ACCUMULATED DEPRECIATION (24,949,263)(38,794,731)
<br /> TOTAL FIXED ASSETS, NET 24,769,94945,609,166
<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(4,675,796)
<br /> TOTAL INTANGIBLE ASSETS, NET 024,039,828
<br />OTHER ASSETS AND DEFERRED OUTFLOWS 61,420322,181
<br /> TOTAL ASSETS 41,264,12491,600,862
<br />LIABILITIES AND FUND EQUITY
<br />CURRENT LIABILITIES
<br /> ACCOUNTS PAYABLE 403,0985,596,446
<br /> SALARIES AND BENEFITS PAYABLE 172,7761,161,041
<br /> DUE TO CITY 5,489910,978
<br /> DUE TO OTHER FUNDS 00
<br /> NOTES PAYABLE-CURRENT PORTION 00
<br /> BONDS PAYABLE-CURRENT PORTION 00
<br /> UNEARNED REVENUE 490,4434,830
<br /> TOTAL CURRENT LIABILITIES 1,071,8067,673,296
<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 1,485,30627,165,503
<br /> PENSION LIABILITIES 328,9841,708,036
<br /> TOTAL LONG TERM LIABILITIES 1,814,29028,873,539
<br /> TOTAL LIABILITIES 2,886,09636,546,835
<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)237,1842,444,264
<br /> TOTAL FUND EQUITY 33,688,94253,847,052
<br /> TOTAL LIABILITIES & FUND EQUITY 41,264,12491,600,862
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