|
ELK RIVER MUNICIPAL UTILITIES
<br />ELK RIVER, MINNESOTA
<br />WATER 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 />9,175,121
<br />8,908,584
<br />266,537
<br />ACCOUNTS RECEIVABLE
<br />576,499
<br />339,352
<br />237,146
<br />INVENTORIES
<br />24,508
<br />25,952
<br />(1,444)
<br />PREPAID ITEMS
<br />38,355
<br />36,355
<br />2,000
<br />CONSTRUCTION IN PROGRESS
<br />50,230
<br />34,316
<br />15,915
<br />TOTAL CURRENT ASSETS
<br />9,864,714
<br />9,344,559
<br />520,155
<br />RESTRICTED ASSETS
<br />EMERGENCY RESERVE FUND
<br />1,335,851
<br />1,335,251
<br />600
<br />TOTAL RESTRICTED ASSETS
<br />1,335,851
<br />1,335,251
<br />600
<br />FIXED ASSETS
<br />PRODUCTION
<br />14,805,401
<br />14,805,401
<br />0
<br />DISTRIBUTION
<br />23,632,641
<br />23,632,641
<br />0
<br />GENERAL
<br />1,055,257
<br />1,053,790
<br />1,467
<br />FIXED ASSETS (COST)
<br />39,493,300
<br />39,491,833
<br />1,467
<br />LESS ACCUMULATED DEPRECIATION
<br />(20,531,807)
<br />(20,436,974)
<br />(94,832)
<br />TOTAL FIXED ASSETS, NET
<br />18,961,493
<br />19,054,858
<br />(93,365)
<br />INTANGIBLE ASSETS
<br />OTHER ASSETS AND DEFERRED OUTFLOWS
<br />43,701
<br />46,625
<br />(2,924)
<br />TOTAL ASSETS
<br />30,205,759
<br />29,781,293
<br />424,465
<br />LIABILITIES AND FUND EQUITY
<br />CURRENT LIABILITIES
<br />ACCOUNTS PAYABLE
<br />352,568
<br />311,309
<br />41,259
<br />SALARIES AND BENEFITS PAYABLE
<br />125,166
<br />122,905
<br />2,261
<br />DUE TO CITY
<br />2,052
<br />1,126
<br />927
<br />UNEARNED REVENUE
<br />178,532
<br />201,594
<br />(23,062)
<br />TOTAL CURRENT LIABILITIES
<br />658,318
<br />636,933
<br />21,386
<br />LONG TERM LIABILITIES
<br />DUE TO CITY
<br />43,800
<br />0
<br />43,800
<br />BONDS PAYABLE, LESS CURRENT PORTION
<br />2,018,018
<br />2,069,023
<br />(50,005)
<br />PENSION LIABILITIES
<br />446,537
<br />446,537
<br />0
<br />TOTAL LONG TERM LIABILITIES
<br />2,508,355
<br />2,514,560
<br />(6,205)
<br />TOTAL LIABILITIES
<br />3,166,674
<br />3,151,493
<br />15,181
<br />DEFERRED INFLOWS OF RESOURCES
<br />21,807
<br />21,807
<br />0
<br />FUND EQUITY
<br />RETAINED EARNINGS
<br />26,706,999
<br />26,706,999
<br />0
<br />NET INCOME (LOSS) (THROUGH PREVIOUS MONTH)
<br />310,279
<br />(99,006)
<br />409,285
<br />TOTAL FUND EQUITY
<br />27,017,278
<br />26,607,993
<br />409,285
<br />TOTAL LIABILITIES & FUND EQUITY
<br />30,205,759
<br />29,781,293
<br />424,465
<br />47
<br />
|