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ELK RIVER MUNICIPAL UTILITIES
<br />ELK RIVER, MINNESOTA
<br />COMBINED BALANCE SHEET
<br />FOR PERIOD ENDING JUNE 2022
<br />ELECTRIC WATER
<br />ASSETS
<br />CURRENT ASSETS
<br /> CASH 8,718,72413,135,978
<br /> ACCOUNTS RECEIVABLE 429,8614,153,502
<br /> INVENTORIES 15,3991,101,006
<br /> PREPAID ITEMS 39,730237,690
<br /> CONSTRUCTION IN PROGRESS 918,18710,753,471
<br /> TOTAL CURRENT ASSETS 10,121,90029,381,645
<br />RESTRICTED ASSETS
<br /> BOND RESERVE FUND 01,779,016
<br /> EMERGENCY RESERVE FUND 1,342,7902,857,398
<br /> UNRESTRICTED RESERVE FUND 00
<br /> TOTAL RESTRICTED ASSETS 1,342,7904,636,414
<br />FIXED ASSETS
<br /> PRODUCTION 14,897,830788,761
<br /> LFG PROJECT 03,851,442
<br /> TRANSMISSION 02,305,024
<br /> DISTRIBUTION 25,751,34245,388,333
<br /> GENERAL 1,071,73211,808,072
<br /> FIXED ASSETS (COST)41,720,90464,141,631
<br /> LESS ACCUMULATED DEPRECIATION (21,543,890)(34,800,051)
<br /> TOTAL FIXED ASSETS, NET 20,177,01329,341,581
<br />INTANGIBLE ASSETS
<br /> POWER AGENCY MEMBERSHIP BUY-IN 021,546,212
<br /> LOSS OF REVENUE INTANGIBLE 04,349,653
<br /> LESS ACCUMULATED AMORTIZATION 0(2,504,356)
<br /> TOTAL INTANGIBLE ASSETS, NET 023,391,509
<br />OTHER ASSETS AND DEFERRED OUTFLOWS 266,9641,431,143
<br /> TOTAL ASSETS 31,908,66888,182,291
<br />LIABILITIES AND FUND EQUITY
<br />CURRENT LIABILITIES
<br /> ACCOUNTS PAYABLE 522,5505,953,016
<br /> SALARIES AND BENEFITS PAYABLE 132,716548,855
<br /> DUE TO CITY 3,659831,436
<br /> DUE TO OTHER FUNDS 00
<br /> NOTES PAYABLE-CURRENT PORTION 0104,562
<br /> BONDS PAYABLE-CURRENT PORTION 50,000345,000
<br /> UNEARNED REVENUE 209,5076,261
<br /> TOTAL CURRENT LIABILITIES 918,4337,789,130
<br />LONG TERM LIABILITIES
<br /> OPEB LIABILITY 00
<br /> LFG PROJECT 00
<br /> DUE TO COUNTY 00
<br /> DUE TO CITY 22,68090,720
<br /> BONDS PAYABLE, LESS CURRENT PORTION 1,691,92230,220,055
<br /> PENSION LIABILITIES 369,9881,978,758
<br /> TOTAL LONG TERM LIABILITIES 2,084,59032,289,533
<br /> TOTAL LIABILITIES 3,003,02340,078,663
<br />DEFERRED INFLOWS OF RESOURCES 339,3541,818,303
<br />FUND EQUITY
<br /> CAPITAL ACCOUNT CONST COST 01,779,016
<br /> CONTRIBUTED CAPITAL 00
<br /> RETAINED EARNINGS 28,234,00945,088,631
<br /> NET INCOME (LOSS) (THROUGH PREVIOUS MONTH)332,282(582,322)
<br /> TOTAL FUND EQUITY 28,566,29146,285,325
<br /> TOTAL LIABILITIES & FUND EQUITY 31,908,66888,182,291
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