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ELK RIVER MUNICIPAL UTILITIES
<br />ELK RIVER, MINNESOTA
<br />ELECTRIC BALANCE SHEET
<br />Current Month
<br />Change from
<br />July 31, 2021
<br />June 30, 2021
<br />Prior Month
<br />ASSETS
<br />CURRENT ASSETS
<br />CASH
<br />22,736,517
<br />23,922,558
<br />(1,186,042)
<br />ACCOUNTS RECEIVABLE
<br />3,629,614
<br />2,061,167
<br />1,568,447
<br />INVENTORIES
<br />1,065,904
<br />1,135,107
<br />(69,203)
<br />PREPAID ITEMS
<br />206,876
<br />221,326
<br />(14,450)
<br />CONSTRUCTION IN PROGRESS
<br />2,762,180
<br />2,757,435
<br />4,745
<br />TOTAL CURRENT ASSETS
<br />30,401,091
<br />30,097,594
<br />303,497
<br />RESTRICTED ASSETS
<br />BOND RESERVE FUND
<br />1,779,016
<br />1,779,016
<br />0
<br />EMERGENCY RESERVE FUND
<br />2,829,641
<br />2,827,240
<br />2,401
<br />TOTAL RESTRICTED ASSETS
<br />4,608,657
<br />4,606,256
<br />2,401
<br />FIXED ASSETS
<br />PRODUCTION
<br />788,761
<br />788,761
<br />0
<br />LFG PROJECT
<br />3,851,442
<br />3,851,442
<br />0
<br />TRANSMISSION
<br />2,305,024
<br />2,305,024
<br />0
<br />DISTRIBUTION
<br />43,280,130
<br />42,754,260
<br />525,870
<br />GENERAL
<br />11,393,822
<br />11,387,954
<br />5,868
<br />FIXED ASSETS (COST)
<br />61,619,179
<br />61,087,441
<br />531,738
<br />LESS ACCUMULATED DEPRECIATION
<br />(32,797,626)
<br />(32,605,150)
<br />(192,475)
<br />TOTAL FIXED ASSETS, NET
<br />28,821,553
<br />28,482,291
<br />339,263
<br />INTANGIBLE ASSETS
<br />POWER AGENCY MEMBERSHIP BUY -IN
<br />21,546,212
<br />21,546,212
<br />0
<br />LOSS OF REVENUE INTANGIBLE
<br />3,425,465
<br />3,425,465
<br />0
<br />LESS ACCUMULATED AMORTIZATION
<br />(1,891,899)
<br />(1,836,221)
<br />(55,678)
<br />TOTAL INTANGIBLE ASSETS, NET
<br />23,079,779
<br />23,135,457
<br />(55,678)
<br />OTHER ASSETS AND DEFERRED OUTFLOWS
<br />277,001
<br />289,697
<br />(11,696)
<br />TOTAL ASSETS
<br />87,188,080
<br />86,610,293
<br />577,787
<br />LIABILITIES AND FUND EQUITY
<br />CURRENT LIABILITIES
<br />ACCOUNTS PAYABLE
<br />5,505,195
<br />5,349,623
<br />156,572
<br />SALARIES AND BENEFITS PAYABLE
<br />521,089
<br />489,600
<br />31,489
<br />DUE TO CITY
<br />893,682
<br />776,157
<br />117,525
<br />NOTES PAYABLE -CURRENT PORTION
<br />86,090
<br />103,308
<br />(17,218)
<br />BONDS PAYABLE -CURRENT PORTION
<br />185,000
<br />185,000
<br />0
<br />UNEARNED REVENUE
<br />4,236
<br />5,083
<br />(847)
<br />TOTAL CURRENT LIABILITIES
<br />7,195,292
<br />6,907,771
<br />287,520
<br />LONG TERM LIABILITIES
<br />LFG PROJECT
<br />209,124
<br />209,124
<br />0
<br />DUE TO CITY
<br />175,200
<br />0
<br />175,200
<br />BONDS PAYABLE, LESS CURRENT PORTION
<br />31,335,352
<br />31,539,048
<br />(203,696)
<br />PENSION LIABILITIES
<br />2,791,010
<br />2,791,010
<br />0
<br />TOTAL LONG TERM LIABILITIES
<br />34,510,686
<br />34,539,182
<br />(28,496)
<br />TOTAL LIABILITIES
<br />41,705,977
<br />41,446,953
<br />259,024
<br />DEFERRED INFLOWS OF RESOURCES
<br />140,160
<br />140,160
<br />0
<br />FUND EQUITY
<br />CAPITAL ACCOUNT CONST COST
<br />1,779,016
<br />1,779,016
<br />0
<br />RETAINED EARNINGS
<br />43,169,359
<br />43,169,359
<br />0
<br />NET INCOME (LOSS) (THROUGH PREVIOUS MONTH)
<br />393,568
<br />74,806
<br />318,762
<br />TOTAL FUND EQUITY
<br />45,341,943
<br />45,023,180
<br />318,762
<br />TOTAL LIABILITIES & FUND EQUITY
<br />87,188,080
<br />86,610,293
<br />577,787
<br />
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