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ELK RIVER MUNICIPAL UTILITIES
<br />ELK RIVER, MINNESOTA
<br />COMBINED BALANCE SHEET
<br />FOR PERIOD ENDING JANUARY 2021
<br />ELECTRICWATER
<br />ASSETS
<br />CURRENT ASSETS
<br /> CASH13,305,5497,139,347
<br /> ACCOUNTS RECEIVABLE2,340,813248,930
<br /> INVENTORIES857,6906,594
<br /> PREPAID ITEMS283,75341,049
<br /> CONSTRUCTION IN PROGRESS1,266,11115,665
<br /> TOTAL CURRENT ASSETS18,053,9167,451,585
<br />RESTRICTED ASSETS
<br /> BOND RESERVE FUND1,261,3590
<br /> EMERGENCY RESERVE FUND2,815,8761,332,410
<br /> UNRESTRICTED RESERVE FUND00
<br /> TOTAL RESTRICTED ASSETS4,077,2351,332,410
<br />FIXED ASSETS
<br /> PRODUCTION645,37914,788,511
<br /> LFG PROJECT3,851,4420
<br /> TRANSMISSION2,305,0240
<br /> DISTRIBUTION42,495,34923,985,293
<br /> GENERAL11,518,0591,051,442
<br /> FIXED ASSETS (COST)60,815,25239,825,246
<br /> LESS ACCUMULATED DEPRECIATION(31,837,379)(19,965,860)
<br /> TOTAL FIXED ASSETS, NET28,977,87319,859,386
<br />INTANGIBLE ASSETS
<br /> POWER AGENCY MEMBERSHIP BUY-IN21,546,2120
<br /> LOSS OF REVENUE INTANGIBLE3,425,4650
<br /> LESS ACCUMULATED AMORTIZATION(1,557,831)0
<br /> TOTAL INTANGIBLE ASSETS, NET23,413,8460
<br />OTHER ASSETS AND DEFERRED OUTFLOWS258,17044,430
<br />74,781,04028,687,811
<br /> TOTAL ASSETS
<br />LIABILITIES AND FUND EQUITY
<br />CURRENT LIABILITIES
<br /> ACCOUNTS PAYABLE4,780,057214,473
<br /> SALARIES AND BENEFITS PAYABLE727,111169,587
<br /> DUE TO CITY965,66329,331
<br /> DUE TO OTHER FUNDS00
<br /> NOTES PAYABLE-CURRENT PORTION189,3980
<br /> BONDS PAYABLE-CURRENT PORTION865,000260,000
<br /> UNEARNED REVENUE0139,959
<br /> TOTAL CURRENT LIABILITIES7,527,229813,350
<br />LONG TERM LIABILITIES
<br /> LFG PROJECT209,1240
<br /> DUE TO COUNTY00
<br /> BONDS PAYABLE, LESS CURRENT PORTION19,071,655319,727
<br /> PENSION LIABILITIES2,456,809418,155
<br /> TOTAL LONG TERM LIABILITIES21,737,588737,882
<br />29,264,8171,551,232
<br /> TOTAL LIABILITIES
<br />DEFERRED INFLOWS OF RESOURCES520,93488,042
<br />FUND EQUITY
<br /> CAPITAL ACCOUNT CONST COST1,261,3590
<br /> CONTRIBUTED CAPITAL00
<br /> RETAINED EARNINGS43,641,01127,094,028
<br /> NET INCOME (LOSS) (THROUGH PREVIOUS MONTH)92,919(45,491)
<br /> TOTAL FUND EQUITY44,995,28927,048,537
<br />74,781,04028,687,811
<br /> TOTAL LIABILITIES & FUND EQUITY
<br />305
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