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ELK RIVER MUNICIPAL UTILITIES
<br />ELK RIVER, MINNESOTA
<br />COMBINED BALANCE SHEET
<br />FOR PERIOD ENDING OCTOBER 2025
<br />ELECTRIC WATER
<br />ASSETS
<br />CURRENT ASSETS
<br /> CASH 6,619,1584,089,175
<br /> ACCOUNTS RECEIVABLE 5,268,1773,808,610
<br /> INVENTORIES 49,4482,164,260
<br /> PREPAID ITEMS 61,170260,216
<br /> CONSTRUCTION IN PROGRESS 354,9662,481,735
<br /> TOTAL CURRENT ASSETS 12,352,91912,803,996
<br />RESTRICTED ASSETS
<br /> BOND RESERVE FUND 01,779,016
<br /> EMERGENCY RESERVE FUND 4,300,2957,687,418
<br /> UNRESTRICTED RESERVE FUND 00
<br /> TOTAL RESTRICTED ASSETS 4,300,2959,466,434
<br />FIXED ASSETS
<br /> PRODUCTION 17,217,448795,920
<br /> LFG PROJECT 00
<br /> TRANSMISSION 02,305,024
<br /> DISTRIBUTION 30,869,56155,919,591
<br /> GENERAL 1,632,20325,985,736
<br /> FIXED ASSETS (COST)49,719,21285,006,271
<br /> LESS ACCUMULATED DEPRECIATION (25,064,437)(39,030,918)
<br /> TOTAL FIXED ASSETS, NET 24,654,77545,975,352
<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(4,731,474)
<br /> TOTAL INTANGIBLE ASSETS, NET 023,984,150
<br />OTHER ASSETS AND DEFERRED OUTFLOWS 61,420322,181
<br /> TOTAL ASSETS 41,369,40992,552,113
<br />LIABILITIES AND FUND EQUITY
<br />CURRENT LIABILITIES
<br /> ACCOUNTS PAYABLE 331,6835,271,246
<br /> SALARIES AND BENEFITS PAYABLE 187,9011,232,389
<br /> DUE TO CITY 3,539991,563
<br /> DUE TO OTHER FUNDS 00
<br /> NOTES PAYABLE-CURRENT PORTION 00
<br /> BONDS PAYABLE-CURRENT PORTION 00
<br /> UNEARNED REVENUE 523,5653,220
<br /> TOTAL CURRENT LIABILITIES 1,046,6887,498,418
<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 1,484,75227,160,514
<br /> PENSION LIABILITIES 328,9841,708,036
<br /> TOTAL LONG TERM LIABILITIES 1,813,73628,868,550
<br /> TOTAL LIABILITIES 2,860,42436,366,969
<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)368,1413,575,381
<br /> TOTAL FUND EQUITY 33,819,89954,978,169
<br /> TOTAL LIABILITIES & FUND EQUITY 41,369,40992,552,113
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