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ELK RIVER MUNICIPAL UTILITIES
<br />ELK RIVER, MINNESOTA
<br />WATER 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 />10,287,364
<br />10,193,814
<br />93,551
<br />ACCOUNTS RECEIVABLE
<br />514,788
<br />376,660
<br />138,129
<br />INVENTORIES
<br />29,463
<br />24,598
<br />4,865
<br />PREPAID ITEMS
<br />51,580
<br />52,284
<br />(704)
<br />CONSTRUCTION IN PROGRESS
<br />966,592
<br />966,397
<br />195
<br />TOTAL CURRENT ASSETS
<br />11,849,788
<br />11,613,753
<br />236,035
<br />RESTRICTED ASSETS
<br />EMERGENCY RESERVE FUND
<br />1,346,524
<br />1,346,255
<br />269
<br />TOTAL RESTRICTED ASSETS
<br />1,346,524
<br />1,346,255
<br />269
<br />FIXED ASSETS
<br />PRODUCTION
<br />14,962,754
<br />14,962,754
<br />0
<br />DISTRIBUTION
<br />25,751,342
<br />25,751,342
<br />0
<br />GENERAL
<br />1,081,462
<br />1,081,462
<br />0
<br />FIXED ASSETS (COST)
<br />41,795,558
<br />41,795,558
<br />0
<br />LESS ACCUMULATED DEPRECIATION
<br />(22,003,222)
<br />(21,911,266)
<br />(91,957)
<br />TOTAL FIXED ASSETS, NET
<br />19,792,335
<br />19,884,292
<br />(91,957)
<br />INTANGIBLE ASSETS
<br />OTHER ASSETS AND DEFERRED OUTFLOWS
<br />266,964
<br />266,964
<br />0
<br />TOTAL ASSETS
<br />33,255,611
<br />33,111,265
<br />144,347
<br />LIABILITIES AND FUND EQUITY
<br />CURRENT LIABILITIES
<br />ACCOUNTS PAYABLE
<br />561,107
<br />582,997
<br />(21,890)
<br />SALARIES AND BENEFITS PAYABLE
<br />143,795
<br />134,059
<br />9,737
<br />DUE TO CITY
<br />2,198
<br />2,930
<br />(732)
<br />UNEARNED REVENUE
<br />161,214
<br />185,463
<br />(24,248)
<br />TOTAL CURRENT LIABILITIES
<br />868,315
<br />905,448
<br />(37,133)
<br />LONG TERM LIABILITIES
<br />DUE TO CITY
<br />22,680
<br />22,680
<br />0
<br />BONDS PAYABLE, LESS CURRENT PORTION
<br />1,689,151
<br />1,689,705
<br />(554)
<br />PENSION LIABILITIES
<br />369,988
<br />369,988
<br />0
<br />TOTAL LONG TERM LIABILITIES
<br />2,081,819
<br />2,082,373
<br />(554)
<br />TOTAL LIABILITIES
<br />2,950,133
<br />2,987,821
<br />(37,688)
<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 />1,732,115
<br />1,550,080
<br />182,034
<br />TOTAL FUND EQUITY
<br />29,966,124
<br />29,784,090
<br />182,034
<br />TOTAL LIABILITIES & FUND EQUITY
<br />33,255,611
<br />33,111,265
<br />144,347
<br />
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