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ELK RIVER MUNICIPAL UTILITIES
<br />ELK RIVER, MINNESOTA
<br />WATER 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 />8,713,701
<br />10,287,364
<br />(1,573,664)
<br />ACCOUNTS RECEIVABLE
<br />476,569
<br />514,788
<br />(38,219)
<br />INVENTORIES
<br />28,388
<br />29,463
<br />(1,075)
<br />PREPAID ITEMS
<br />53,748
<br />51,580
<br />2,168
<br />CONSTRUCTION IN PROGRESS
<br />942,826
<br />966,592
<br />(23,766)
<br />TOTAL CURRENT ASSETS
<br />10,215,231
<br />11,849,788
<br />(1,634,556)
<br />RESTRICTED ASSETS
<br />EMERGENCY RESERVE FUND
<br />1,353,860
<br />1,346,524
<br />7,336
<br />TOTAL RESTRICTED ASSETS
<br />1,353,860
<br />1,346,524
<br />7,336
<br />FIXED ASSETS
<br />PRODUCTION
<br />16,510,965
<br />14,962,754
<br />1,548,211
<br />DISTRIBUTION
<br />26,461,173
<br />25,751,342
<br />709,831
<br />GENERAL
<br />1,122,302
<br />1,081,462
<br />40,840
<br />FIXED ASSETS (COST)
<br />44,094,440
<br />41,795,558
<br />2,298,882
<br />LESS ACCUMULATED DEPRECIATION
<br />(22,101,213)
<br />(22,003,222)
<br />(97,991)
<br />TOTAL FIXED ASSETS, NET
<br />21,993,226
<br />19,792,335
<br />2,200,891
<br />INTANGIBLE ASSETS
<br />OTHER ASSETS AND DEFERRED OUTFLOWS
<br />266,964
<br />266,964
<br />0
<br />TOTAL ASSETS
<br />33,829,282
<br />33,255,611
<br />573,671
<br />LIABILITIES AND FUND EQUITY
<br />CURRENT LIABILITIES
<br />ACCOUNTS PAYABLE
<br />538,040
<br />561,107
<br />(23,068)
<br />SALARIES AND BENEFITS PAYABLE
<br />150,472
<br />143,795
<br />6,677
<br />DUE TO CITY
<br />24,643
<br />2,198
<br />22,445
<br />BONDS PAYABLE -CURRENT PORTION
<br />60,000
<br />0
<br />60,000
<br />UNEARNED REVENUE
<br />141,184
<br />161,214
<br />(20,031)
<br />TOTAL CURRENT LIABILITIES
<br />914,339
<br />868,315
<br />46,024
<br />LONG TERM LIABILITIES
<br />DUE TO CITY
<br />0
<br />22,680
<br />(22,680)
<br />BONDS PAYABLE, LESS CURRENT PORTION
<br />1,628,596
<br />1,689,151
<br />(60,554)
<br />PENSION LIABILITIES
<br />369,988
<br />369,988
<br />0
<br />TOTAL LONG TERM LIABILITIES
<br />1,998,584
<br />2,081,819
<br />(83,234)
<br />TOTAL LIABILITIES
<br />2,912,924
<br />2,950,133
<br />(37,210)
<br />DEFERRED INFLOWS OF RESOURCES
<br />339,354
<br />339,354
<br />0
<br />FUND EQUITY
<br />RETAINED EARNINGS
<br />28,234,009
<br />28,234,009
<br />0
<br />NET INCOME (LOSS) (THROUGH PREVIOUS MONTH)
<br />2,342,996
<br />1,732,115
<br />610,881
<br />TOTAL FUND EQUITY
<br />30,577,005
<br />29,966,124
<br />610,881
<br />TOTAL LIABILITIES & FUND EQUITY
<br />33,829,282
<br />33,255,611
<br />573,671
<br />65
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