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ELK RIVER MUNICIPAL UTILITIES
<br />ELK RIVER, MINNESOTA
<br />ELECTRIC BALANCE SHEET
<br />Current Month
<br />Change from
<br />November 30, 2022
<br />October 31, 2022
<br />Prior Month
<br />ASSETS
<br />CURRENT ASSETS
<br />CASH
<br />10,517,616
<br />10,677,649
<br />(160,033)
<br />ACCOUNTS RECEIVABLE
<br />3,840,884
<br />3,802,239
<br />38,644
<br />INVENTORIES
<br />1,159,723
<br />1,210,235
<br />(50,512)
<br />PREPAID ITEMS
<br />242,478
<br />249,079
<br />(6,601)
<br />CONSTRUCTION IN PROGRESS
<br />13,155,126
<br />12,304,449
<br />850,677
<br />TOTAL CURRENT ASSETS
<br />28,915,826
<br />28,243,650
<br />672,176
<br />RESTRICTED ASSETS
<br />BOND RESERVE FUND
<br />1,779,016
<br />1,779,016
<br />0
<br />EMERGENCY RESERVE FUND
<br />2,872,333
<br />2,871,258
<br />1,075
<br />TOTAL RESTRICTED ASSETS
<br />4,651,349
<br />4,650,274
<br />1,075
<br />FIXED ASSETS
<br />PRODUCTION
<br />788,807
<br />788,807
<br />0
<br />LEG PROJECT
<br />0
<br />3,851,442
<br />(3,851,442)
<br />TRANSMISSION
<br />2,305,024
<br />2,305,024
<br />0
<br />DISTRIBUTION
<br />46,066,818
<br />45,972,447
<br />94,371
<br />GENERAL
<br />12,018,578
<br />12,004,715
<br />13,863
<br />FIXED ASSETS (COST)
<br />61,179,227
<br />64,922,435
<br />(3,743,208)
<br />LESS ACCUMULATED DEPRECIATION
<br />(31,899,423)
<br />(35,573,555)
<br />3,674,132
<br />TOTAL FIXED ASSETS, NET
<br />29,279,804
<br />29,348,880
<br />(69,0765
<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 />4,349,653
<br />4,349,653
<br />0
<br />LESS ACCUMULATED AMORTIZATION
<br />(2,782,746)
<br />(2,727,068)
<br />(55,678)
<br />TOTAL INTANGIBLE ASSETS, NET
<br />23,113,119
<br />23,168,797
<br />(55,678)
<br />OTHER ASSETS AND DEFERRED OUTFLOWS
<br />1,431,143
<br />1,431,143
<br />0
<br />TOTAL ASSETS
<br />87,391,240
<br />86,842,744
<br />548,496
<br />LIABILITIES AND FUND EQUITY
<br />CURRENT LIABILITIES
<br />ACCOUNTS PAYABLE
<br />4,804,380
<br />4,155,121
<br />649,259
<br />SALARIES AND BENEFITS PAYABLE
<br />615,837
<br />571,706
<br />44,131
<br />DUE TO CITY
<br />722,554
<br />910,410
<br />(187,856)
<br />UNEARNED REVENUE
<br />866
<br />1,731
<br />(866)
<br />TOTAL CURRENT LIABILITIES
<br />6,143,636
<br />5,638,968
<br />504,668
<br />LONG TERM LIABILITIES
<br />DUE TO CITY
<br />90,720
<br />90,720
<br />0
<br />BONDS PAYABLE, LESS CURRENT PORTION
<br />30,195,113
<br />30,200,101
<br />(4,989)
<br />PENSION LIABILITIES
<br />1,978,758
<br />1,978,758
<br />0
<br />TOTAL LONG TERM LIABILITIES
<br />32,264,591
<br />32,269,579
<br />(4,989)
<br />TOTAL LIABILITIES
<br />38,408,227
<br />37,908,547
<br />499,680
<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 />297,064
<br />248,247
<br />48,817
<br />TOTAL FUND EQUITY
<br />47,164,715
<br />47,115,894
<br />48,817
<br />TOTAL LIABILITIES & FUND EQUITY
<br />87,391,240
<br />86,842,744
<br />548,496
<br />
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