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ELK RIVER MUNICIPAL UTILITIES
<br />ELK RIVER, MINNESOTA
<br />ELECTRIC BALANCE SHEET
<br />Current Month
<br />Change from
<br />Prior MonthSeptember 30, 2025 August 31, 2025
<br />ASSETS
<br />CURRENT ASSETS
<br /> CASH 4,808,882 3,223,829 1,585,052
<br /> ACCOUNTS RECEIVABLE 2,793,498 3,848,495 (1,054,997)
<br /> INVENTORIES 2,294,289 2,163,407 130,882
<br /> PREPAID ITEMS 244,419 221,660 22,758
<br /> CONSTRUCTION IN PROGRESS 2,052,982 2,077,790 (24,808)
<br /> TOTAL CURRENT ASSETS 12,194,070 11,535,182 658,888
<br />RESTRICTED ASSETS
<br /> BOND RESERVE FUND 1,779,016 1,779,016 0
<br /> EMERGENCY RESERVE FUND 7,656,601 7,624,536 32,066
<br /> TOTAL RESTRICTED ASSETS 9,435,617 9,403,551 32,066
<br />FIXED ASSETS
<br /> PRODUCTION 795,920 795,920 0
<br /> TRANSMISSION 2,305,024 2,305,024 0
<br /> DISTRIBUTION 55,672,322 55,402,721 269,600
<br /> GENERAL 25,630,632 25,630,632 0
<br /> FIXED ASSETS (COST)84,403,897 84,134,297 269,600
<br /> LESS ACCUMULATED DEPRECIATION (38,794,731)(38,561,085)(233,647)
<br /> TOTAL FIXED ASSETS, NET 45,609,166 45,573,212 35,954
<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 (4,675,796)(4,620,118)(55,678)
<br /> TOTAL INTANGIBLE ASSETS, NET 24,039,828 24,095,506 (55,678)
<br />OTHER ASSETS AND DEFERRED OUTFLOWS 322,181 322,181 0
<br /> TOTAL ASSETS 91,600,862 90,929,633 671,229
<br />LIABILITIES AND FUND EQUITY
<br />CURRENT LIABILITIES
<br /> ACCOUNTS PAYABLE 5,596,446 5,562,441 34,005
<br /> SALARIES AND BENEFITS PAYABLE 1,161,041 1,091,741 69,301
<br /> DUE TO CITY 910,978 854,858 56,120
<br /> UNEARNED REVENUE 4,830 6,440 (1,610)
<br /> TOTAL CURRENT LIABILITIES 7,673,296 7,515,479 157,816
<br />LONG TERM LIABILITIES
<br /> BONDS PAYABLE, LESS CURRENT PORTION 27,165,503 27,170,491 (4,989)
<br /> PENSION LIABILITIES 1,708,036 1,708,036 0
<br /> TOTAL LONG TERM LIABILITIES 28,873,539 28,878,527 (4,989)
<br /> TOTAL LIABILITIES 36,546,835 36,394,007 152,828
<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)2,444,264 1,925,862 518,401
<br /> TOTAL FUND EQUITY 53,847,052 53,328,651 518,401
<br /> TOTAL LIABILITIES & FUND EQUITY 91,600,862 90,929,633 671,229
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