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ELK RIVER MUNICIPAL UTILITIES
<br />ELK RIVER, MINNESOTA
<br />WATER BALANCE SHEET
<br />Current Month
<br />Change from
<br />March 31, 2023
<br />February 28, 2023
<br />Prior Month
<br />ASSETS
<br />CURRENT ASSETS
<br />CASH
<br />8,381,529
<br />8,662,626
<br />(281,097)
<br />ACCOUNTS RECEIVABLE
<br />5,696,716
<br />5,718,356
<br />(21,640)
<br />INVENTORIES
<br />29,273
<br />29,929
<br />(656)
<br />PREPAID ITEMS
<br />71,603
<br />56,229
<br />15,374
<br />CONSTRUCTION IN PROGRESS
<br />940,617
<br />956,617
<br />(15,999)
<br />TOTAL CURRENT ASSETS
<br />15,119,738
<br />15,423,756
<br />(304,019)
<br />RESTRICTED ASSETS
<br />EMERGENCY RESERVE FUND
<br />1,356,176
<br />1,354,860
<br />1,316
<br />TOTAL RESTRICTED ASSETS
<br />1,356,176
<br />1,354,860
<br />1,316
<br />FIXED ASSETS
<br />PRODUCTION
<br />16,510,965
<br />16,510,965
<br />0
<br />DISTRIBUTION
<br />26,729,422
<br />26,724,925
<br />4,496
<br />GENERAL
<br />1,117,615
<br />1,125,849
<br />(8,234)
<br />FIXED ASSETS (COST)
<br />44,358,051
<br />44,361,739
<br />(3,738)
<br />LESS ACCUMULATED DEPRECIATION
<br />(22,391,401)
<br />(22,302,248)
<br />(89,153)
<br />TOTAL FIXED ASSETS, NET
<br />21,966,600
<br />22,059,491
<br />(92,891)
<br />INTANGIBLE ASSETS
<br />OTHER ASSETS AND DEFERRED OUTFLOWS
<br />226,587
<br />226,587
<br />0
<br />TOTAL ASSETS
<br />38,669,101
<br />39,064,695
<br />(395,594)
<br />LIABILITIES AND FUND EQUITY
<br />CURRENT LIABILITIES
<br />ACCOUNTS PAYABLE
<br />298,718
<br />535,406
<br />(236,688)
<br />SALARIES AND BENEFITS PAYABLE
<br />132,207
<br />153,042
<br />(20,834)
<br />DUE TO CITY
<br />915
<br />30,421
<br />(29,505)
<br />BONDS PAYABLE -CURRENT PORTION
<br />60,000
<br />60,000
<br />0
<br />UNEARNED REVENUE
<br />174,926
<br />174,926
<br />0
<br />TOTAL CURRENT LIABILITIES
<br />666,767
<br />953,794
<br />(287,028)
<br />LONG TERM LIABILITIES
<br />BONDS PAYABLE, LESS CURRENT PORTION
<br />1,626,934
<br />1,627,488
<br />(554)
<br />PENSION LIABILITIES
<br />725,038
<br />725,038
<br />0
<br />TOTAL LONG TERM LIABILITIES
<br />2,351,972
<br />2,352,526
<br />(554)
<br />TOTAL LIABILITIES
<br />3,018,738
<br />3,306,320
<br />(287,582)
<br />DEFERRED INFLOWS OF RESOURCES
<br />5,121,831
<br />5,121,831
<br />0
<br />FUND EQUITY
<br />RETAINED EARNINGS
<br />30,887,406
<br />30,887,406
<br />0
<br />NET INCOME (LOSS) (THROUGH PREVIOUS MONTH)
<br />(358,874)
<br />(250,863)
<br />(108,012)
<br />TOTAL FUND EQUITY
<br />30,528,532
<br />30,636,543
<br />(108,012)
<br />TOTAL LIABILITIES & FUND EQUITY
<br />38,669,101
<br />39,064,695
<br />(395,594)
<br />
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