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ELK RIVER MUNICIPAL UTILITIES
<br />ELK RIVER, MINNESOTA
<br />ELECTRIC BALANCE SHEET
<br />Current Month
<br />Change from
<br />December 31, 2022
<br />November 30, 2022
<br />Prior Month
<br />ASSETS
<br />CURRENT ASSETS
<br />CASH
<br />11,994,192
<br />10,517,616
<br />1,476,576
<br />ACCOUNTS RECEIVABLE
<br />3,719,870
<br />3,840,884
<br />(121,014)
<br />INVENTORIES
<br />1,111,834
<br />1,159,723
<br />(47,888)
<br />PREPAID ITEMS
<br />256,387
<br />242,478
<br />13,909
<br />CONSTRUCTION IN PROGRESS
<br />824,514
<br />13,155,126
<br />(12,330,611)
<br />TOTAL CURRENT ASSETS
<br />17,906,798
<br />28,915,826
<br />(11,009,029)
<br />RESTRICTED ASSETS
<br />BOND RESERVE FUND
<br />1,779,016
<br />1,779,016
<br />0
<br />EMERGENCY RESERVE FUND
<br />2,901,679
<br />2,872,333
<br />29,346
<br />TOTAL RESTRICTED ASSETS
<br />4,680,694
<br />4,651,349
<br />29,346
<br />FIXED ASSETS
<br />PRODUCTION
<br />824,065
<br />788,807
<br />35,258
<br />TRANSMISSION
<br />2,305,024
<br />2,305,024
<br />0
<br />DISTRIBUTION
<br />46,705,080
<br />46,066,818
<br />638,262
<br />GENERAL
<br />22,930,110
<br />12,018,578
<br />10,911,532
<br />FIXED ASSETS (COST)
<br />72,764,279
<br />61,179,227
<br />11,585,052
<br />LESS ACCUMULATED DEPRECIATION
<br />(32,108,672)
<br />(31,899,423)
<br />(209,249)
<br />TOTAL FIXED ASSETS, NET
<br />40,655,607
<br />29,279,804
<br />11,375,803
<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 />5,290,120
<br />4,349,653
<br />940,467
<br />LESS ACCUMULATED AMORTIZATION
<br />(2,838,424)
<br />(2,782,746)
<br />(55,678)
<br />TOTAL INTANGIBLE ASSETS, NET
<br />23,997,908
<br />23,113,119
<br />884,789
<br />OTHER ASSETS AND DEFERRED OUTFLOWS
<br />1,431,143
<br />1,431,143
<br />0
<br />TOTAL ASSETS
<br />88,672,150
<br />87,391,240
<br />1,280,910
<br />LIABILITIES AND FUND EQUITY
<br />CURRENT LIABILITIES
<br />ACCOUNTS PAYABLE
<br />5,868,153
<br />4,804,380
<br />1,063,773
<br />SALARIES AND BENEFITS PAYABLE
<br />644,522
<br />615,837
<br />28,685
<br />DUE TO CITY
<br />905,366
<br />722,554
<br />182,812
<br />BONDS PAYABLE -CURRENT PORTION
<br />915,000
<br />0
<br />915,000
<br />UNEARNED REVENUE
<br />0
<br />866
<br />(866)
<br />TOTAL CURRENT LIABILITIES
<br />8,333,042
<br />6,143,636
<br />2,189,405
<br />LONG TERM LIABILITIES
<br />DUE TO CITY
<br />0
<br />90,720
<br />(90,720)
<br />BONDS PAYABLE, LESS CURRENT PORTION
<br />29,275,124
<br />30,195,113
<br />(919,989)
<br />PENSION LIABILITIES
<br />1,978,758
<br />1,978,758
<br />0
<br />TOTAL LONG TERM LIABILITIES
<br />31,253,882
<br />32,264,591
<br />(1,010,709)
<br />TOTAL LIABILITIES
<br />39,586,924
<br />38,408,227
<br />1,178,697
<br />DEFERRED INFLOWS OF RESOURCES
<br />1,818,303
<br />1,818,303
<br />0
<br />FUND EQUITY
<br />CAPITAL ACCOUNT CONST COST
<br />1,779,016
<br />1,779,016
<br />0
<br />RETAINED EARNINGS
<br />45,088,631
<br />45,088,631
<br />0
<br />NET INCOME (LOSS) (THROUGH PREVIOUS MONTH)
<br />399,277
<br />297,064
<br />102,213
<br />TOTAL FUND EQUITY
<br />47,266,923
<br />47,164,710
<br />102,213
<br />TOTAL LIABILITIES & FUND EQUITY
<br />88,672,150
<br />87,391,240
<br />1,280,910
<br />
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