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ELK RIVER MUNICIPAL UTILITIES
<br />ELK RIVER, MINNESOTA
<br />ELECTRIC BALANCE SHEET
<br />Current Month
<br />Change from
<br />April 30, 2023
<br />March 31, 2023
<br />Prior Month
<br />ASSETS
<br />CURRENT ASSETS
<br />CASH
<br />10,775,888
<br />10,924,929
<br />(149,041)
<br />ACCOUNTS RECEIVABLE
<br />2,479,608
<br />2,799,299
<br />(319,691)
<br />INVENTORIES
<br />1,394,117
<br />1,398,553
<br />(4,435)
<br />PREPAID ITEMS
<br />233,160
<br />336,724
<br />(103,564)
<br />CONSTRUCTION IN PROGRESS
<br />1,075,097
<br />1,119,184
<br />(44,087)
<br />TOTAL CURRENT ASSETS
<br />15,957,871
<br />16,578,689
<br />(620,819)
<br />RESTRICTED ASSETS
<br />BOND RESERVE FUND
<br />1,779,016
<br />1,779,016
<br />0
<br />EMERGENCY RESERVE FUND
<br />2,918,876
<br />2,910,942
<br />7,935
<br />TOTAL RESTRICTED ASSETS
<br />4,697,892
<br />4,689,957
<br />7,935
<br />FIXED ASSETS
<br />PRODUCTION
<br />824,065
<br />824,065
<br />0
<br />TRANSMISSION
<br />2,305,024
<br />2,305,024
<br />0
<br />DISTRIBUTION
<br />46,946,016
<br />46,796,693
<br />149,323
<br />GENERAL
<br />23,017,618
<br />22,967,764
<br />49,854
<br />FIXED ASSETS (COST)
<br />73,092,723
<br />72,893,546
<br />199,177
<br />LESS ACCUMULATED DEPRECIATION
<br />(32,939,798)
<br />(32,731,466)
<br />(208,332)
<br />TOTAL FIXED ASSETS, NET
<br />40,152,925
<br />40,162,080
<br />(9,155)
<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 />5,290,120
<br />0
<br />LESS ACCUMULATED AMORTIZATION
<br />(3,061,135)
<br />(3,005,457)
<br />(55,678)
<br />TOTAL INTANGIBLE ASSETS, NET
<br />23,775,196
<br />23,830,874
<br />(55,678)
<br />OTHER ASSETS AND DEFERRED OUTFLOWS
<br />1,187,557
<br />1,187,557
<br />0
<br />TOTAL ASSETS
<br />85,771,441
<br />86,449,158
<br />(677,717)
<br />LIABILITIES AND FUND EQUITY
<br />CURRENT LIABILITIES
<br />ACCOUNTS PAYABLE
<br />3,747,356
<br />4,296,881
<br />(549,525)
<br />SALARIES AND BENEFITS PAYABLE
<br />516,779
<br />582,663
<br />(65,884)
<br />DUE TO CITY
<br />627,596
<br />797,988
<br />(170,391)
<br />BONDS PAYABLE -CURRENT PORTION
<br />435,000
<br />435,000
<br />0
<br />UNEARNED REVENUE
<br />158,968
<br />160,966
<br />(1,998)
<br />TOTAL CURRENT LIABILITIES
<br />5,485,700
<br />6,273,498
<br />(787,798)
<br />LONG TERM LIABILITIES
<br />BONDS PAYABLE, LESS CURRENT PORTION
<br />29,255,170
<br />29,260,159
<br />(4,989)
<br />PENSION LIABILITIES
<br />3,789,381
<br />3,789,381
<br />0
<br />TOTAL LONG TERM LIABILITIES
<br />33,044,551
<br />33,049,540
<br />(4,989)
<br />TOTAL LIABILITIES
<br />38,530,251
<br />39,323,037
<br />(792,786)
<br />DEFERRED INFLOWS OF RESOURCES
<br />54,129
<br />54,129
<br />0
<br />FUND EQUITY
<br />CAPITAL ACCOUNT CONST COST
<br />1,779,016
<br />1,779,016
<br />0
<br />RETAINED EARNINGS
<br />45,204,945
<br />45,204,945
<br />0
<br />NET INCOME (LOSS) (THROUGH PREVIOUS MONTH)
<br />203,100
<br />88,031
<br />115,069
<br />TOTAL FUND EQUITY
<br />47,187,061
<br />47,071,992
<br />115,069
<br />TOTAL LIABILITIES & FUND EQUITY
<br />85,771,441
<br />86,449,158
<br />(677,717)
<br />144
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