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ELK RIVER MUNICIPAL UTILITIES
<br />ELK RIVER, MINNESOTA
<br />WATER 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 />8,513,001
<br />8,381,529
<br />131,473
<br />ACCOUNTS RECEIVABLE
<br />5,470,859
<br />5,696,716
<br />(225,857)
<br />INVENTORIES
<br />25,250
<br />29,273
<br />(4,023)
<br />PREPAID ITEMS
<br />49,378
<br />71,603
<br />(22,225)
<br />CONSTRUCTION IN PROGRESS
<br />974,872
<br />940,617
<br />34,254
<br />TOTAL CURRENT ASSETS
<br />15,033,360
<br />15,119,738
<br />(86,378)
<br />RESTRICTED ASSETS
<br />EMERGENCY RESERVE FUND
<br />1,358,160
<br />1,356,176
<br />1,984
<br />TOTAL RESTRICTED ASSETS
<br />1,358,160
<br />1,356,176
<br />1,984
<br />FIXED ASSETS
<br />PRODUCTION
<br />16,525,311
<br />16,510,965
<br />14,346
<br />DISTRIBUTION
<br />26,766,971
<br />26,729,422
<br />37,550
<br />GENERAL
<br />1,129,389
<br />1,117,615
<br />11,774
<br />FIXED ASSETS (COST)
<br />44,421,670
<br />44,358,001
<br />63,670
<br />LESS ACCUMULATED DEPRECIATION
<br />(22,489,038)
<br />(22,391,401)
<br />(97,637)
<br />TOTAL FIXED ASSETS, NET
<br />21,932,632
<br />21,966,600
<br />(33,968)
<br />INTANGIBLE ASSETS
<br />OTHER ASSETS AND DEFERRED OUTFLOWS
<br />226,587
<br />226,587
<br />0
<br />TOTAL ASSETS
<br />38,550,739
<br />38,669,101
<br />(118,362)
<br />LIABILITIES AND FUND EQUITY
<br />CURRENT LIABILITIES
<br />ACCOUNTS PAYABLE
<br />287,510
<br />298,718
<br />(11,209)
<br />SALARIES AND BENEFITS PAYABLE
<br />118,914
<br />132,207
<br />(13,293)
<br />DUE TO CITY
<br />1,658
<br />915
<br />743
<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 />643,007
<br />666,767
<br />(23,759)
<br />LONG TERM LIABILITIES
<br />BONDS PAYABLE, LESS CURRENT PORTION
<br />1,626,379
<br />1,626,934
<br />(554)
<br />PENSION LIABILITIES
<br />725,038
<br />725,038
<br />0
<br />TOTAL LONG TERM LIABILITIES
<br />2,351,417
<br />2,351,972
<br />(554)
<br />TOTAL LIABILITIES
<br />2,994,425
<br />3,018,738
<br />(24,314)
<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 />(452,923)
<br />(358,874)
<br />(94,048)
<br />TOTAL FUND EQUITY
<br />30,434,483
<br />30,528,532
<br />(94,048)
<br />TOTAL LIABILITIES & FUND EQUITY
<br />38,550,739
<br />38,669,101
<br />(118,362)
<br />145
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