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ELK RIVER MUNICIPAL UTILITIES
<br />ELK RIVER, MINNESOTA
<br />ELECTRIC BALANCE SHEET
<br />Current Month
<br />Change from
<br />Prior MonthOctober 31, 2025 September 30, 2025
<br />ASSETS
<br />CURRENT ASSETS
<br /> CASH 4,089,175 4,808,882 (719,707)
<br /> ACCOUNTS RECEIVABLE 3,808,610 2,793,498 1,015,112
<br /> INVENTORIES 2,164,260 2,294,289 (130,029)
<br /> PREPAID ITEMS 260,216 244,419 15,797
<br /> CONSTRUCTION IN PROGRESS 2,481,735 2,052,982 428,753
<br /> TOTAL CURRENT ASSETS 12,803,996 12,194,070 609,926
<br />RESTRICTED ASSETS
<br /> BOND RESERVE FUND 1,779,016 1,779,016 0
<br /> EMERGENCY RESERVE FUND 7,687,418 7,656,601 30,817
<br /> TOTAL RESTRICTED ASSETS 9,466,434 9,435,617 30,817
<br />FIXED ASSETS
<br /> PRODUCTION 795,920 795,920 0
<br /> TRANSMISSION 2,305,024 2,305,024 0
<br /> DISTRIBUTION 55,919,591 55,672,322 247,270
<br /> GENERAL 25,985,736 25,630,632 355,104
<br /> FIXED ASSETS (COST)85,006,271 84,403,897 602,374
<br /> LESS ACCUMULATED DEPRECIATION (39,030,918)(38,794,731)(236,187)
<br /> TOTAL FIXED ASSETS, NET 45,975,352 45,609,166 366,187
<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 (4,731,474)(4,675,796)(55,678)
<br /> TOTAL INTANGIBLE ASSETS, NET 23,984,150 24,039,828 (55,678)
<br />OTHER ASSETS AND DEFERRED OUTFLOWS 322,181 322,181 0
<br /> TOTAL ASSETS 92,552,113 91,600,862 951,251
<br />LIABILITIES AND FUND EQUITY
<br />CURRENT LIABILITIES
<br /> ACCOUNTS PAYABLE 5,271,246 5,596,446 (325,200)
<br /> SALARIES AND BENEFITS PAYABLE 1,232,389 1,161,041 71,348
<br /> DUE TO CITY 991,563 910,978 80,585
<br /> UNEARNED REVENUE 3,220 4,830 (1,610)
<br /> TOTAL CURRENT LIABILITIES 7,498,418 7,673,296 (174,878)
<br />LONG TERM LIABILITIES
<br /> BONDS PAYABLE, LESS CURRENT PORTION 27,160,514 27,165,503 (4,989)
<br /> PENSION LIABILITIES 1,708,036 1,708,036 0
<br /> TOTAL LONG TERM LIABILITIES 28,868,550 28,873,539 (4,989)
<br /> TOTAL LIABILITIES 36,366,969 36,546,835 (179,866)
<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)3,575,381 2,444,264 1,131,117
<br /> TOTAL FUND EQUITY 54,978,169 53,847,052 1,131,117
<br /> TOTAL LIABILITIES & FUND EQUITY 92,552,113 91,600,862 951,251
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