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ELK RIVER MUNICIPAL UTILITIES
<br />ELK RIVER, MINNESOTA
<br />WATER BALANCE SHEET
<br />Current Month
<br />Change from
<br />September 30, 2023
<br />August 31, 2023
<br />Prior Month
<br />ASSETS
<br />CURRENT ASSETS
<br />CASH
<br />9,490,824
<br />9,345,049
<br />145,775
<br />ACCOUNTS RECEIVABLE
<br />5,802,528
<br />5,641,386
<br />161,142
<br />INVENTORIES
<br />15,383
<br />19,652
<br />(4,270)
<br />PREPAID ITEMS
<br />44,230
<br />50,640
<br />(6,410)
<br />CONSTRUCTION IN PROGRESS
<br />1,117,125
<br />1,012,714
<br />104,411
<br />TOTAL CURRENT ASSETS
<br />16,470,090
<br />16,069,441
<br />400,649
<br />RESTRICTED ASSETS
<br />EMERGENCY RESERVE FUND
<br />1,362,273
<br />1,360,902
<br />1,371
<br />TOTAL RESTRICTED ASSETS
<br />1,362,273
<br />1,360,902
<br />1,371
<br />FIXED ASSETS
<br />PRODUCTION
<br />16,525,311
<br />16,525,311
<br />0
<br />DISTRIBUTION
<br />26,858,844
<br />26,858,844
<br />0
<br />GENERAL
<br />1,199,663
<br />1,201,398
<br />(1,735)
<br />FIXED ASSETS (COST)
<br />44,583,817
<br />44,585,552
<br />(1,735)
<br />LESS ACCUMULATED DEPRECIATION
<br />(22,972,246)
<br />(22,880,321)
<br />(91,925)
<br />TOTAL FIXED ASSETS, NET
<br />21,611,571
<br />21,705,232
<br />(93,660)
<br />INTANGIBLE ASSETS
<br />OTHER ASSETS AND DEFERRED OUTFLOWS
<br />226,587
<br />226,587
<br />0
<br />TOTAL ASSETS
<br />39,670,521
<br />39,362,162
<br />308,359
<br />LIABILITIES AND FUND EQUITY
<br />CURRENT LIABILITIES
<br />ACCOUNTS PAYABLE
<br />382,337
<br />355,292
<br />27,045
<br />SALARIES AND BENEFITS PAYABLE
<br />120,149
<br />142,034
<br />(21,885)
<br />DUE TO CITY
<br />2,141
<br />1,181
<br />961
<br />UNEARNED REVENUE
<br />407,124
<br />407,124
<br />0
<br />TOTAL CURRENT LIABILITIES
<br />911,752
<br />905,631
<br />6,120
<br />LONG TERM LIABILITIES
<br />BONDS PAYABLE, LESS CURRENT PORTION
<br />1,623,608
<br />1,624,162
<br />(554)
<br />PENSION LIABILITIES
<br />725,038
<br />725,038
<br />0
<br />TOTAL LONG TERM LIABILITIES
<br />2,348,646
<br />2,349,200
<br />(554)
<br />TOTAL LIABILITIES
<br />3,260,398
<br />3,254,832
<br />5,566
<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 />400,886
<br />98,093
<br />302,793
<br />TOTAL FUND EQUITY
<br />31,288,292
<br />30,985,499
<br />302,793
<br />TOTAL LIABILITIES & FUND EQUITY
<br />39,670,521
<br />39,362,162
<br />308,359
<br />59
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