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ELK RIVER MUNICIPAL UTILITIES
<br />ELK RIVER, MINNESOTA
<br />ELECTRIC BALANCE SHEET
<br />Current Month
<br />Change from
<br />October 31, 2023
<br />September 30, 2023
<br />Prior Month
<br />ASSETS
<br />CURRENT ASSETS
<br />CASH
<br />11,372,408
<br />9,832,573
<br />1,539,835
<br />ACCOUNTS RECEIVABLE
<br />2,454,403
<br />4,026,191
<br />(1,571,789)
<br />INVENTORIES
<br />1,112,052
<br />1,185,630
<br />(73,579)
<br />PREPAID ITEMS
<br />260,994
<br />195,997
<br />64,998
<br />CONSTRUCTION IN PROGRESS
<br />2,631,049
<br />2,534,118
<br />96,930
<br />TOTAL CURRENT ASSETS
<br />17,830,905
<br />17,774,510
<br />56,395
<br />RESTRICTED ASSETS
<br />BOND RESERVE FUND
<br />1,779,016
<br />1,779,016
<br />0
<br />EMERGENCY RESERVE FUND
<br />2,943,090
<br />2,935,328
<br />7,762
<br />TOTAL RESTRICTED ASSETS
<br />4,722,105
<br />4,714,343
<br />7,762
<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 />47,950,378
<br />47,610,417
<br />339,961
<br />GENERAL
<br />23,149,360
<br />23,135,471
<br />13,889
<br />FIXED ASSETS (COST)
<br />74,228,827
<br />73,874,977
<br />353,850
<br />LESS ACCUMULATED DEPRECIATION
<br />(34,054,500)
<br />(33,845,383)
<br />(209,117)
<br />TOTAL FIXED ASSETS, NET
<br />40,174,327
<br />40,029,594
<br />144,734
<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 />(3,395,203)
<br />(3,339,525)
<br />(55,678)
<br />TOTAL INTANGIBLE ASSETS, NET
<br />23,441,129
<br />23,496,807
<br />(55,678)
<br />OTHER ASSETS AND DEFERRED OUTFLOWS
<br />1,187,557
<br />1,187,557
<br />0
<br />TOTAL ASSETS
<br />87,356,023
<br />87,202,810
<br />153,213
<br />LIABILITIES AND FUND EQUITY
<br />CURRENT LIABILITIES
<br />ACCOUNTS PAYABLE
<br />4,352,383
<br />4,858,927
<br />(506,543)
<br />SALARIES AND BENEFITS PAYABLE
<br />582,037
<br />537,540
<br />44,497
<br />DUE TO CITY
<br />930,252
<br />880,932
<br />49,320
<br />UNEARNED REVENUE
<br />146,983
<br />148,981
<br />(1,998)
<br />TOTAL CURRENT LIABILITIES
<br />6,011,656
<br />6,426,380
<br />(414,724)
<br />LONG TERM LIABILITIES
<br />BONDS PAYABLE, LESS CURRENT PORTION
<br />29,225,239
<br />29,230,227
<br />(4,989)
<br />PENSION LIABILITIES
<br />3,789,381
<br />3,789,381
<br />0
<br />TOTAL LONG TERM LIABILITIES
<br />33,014,620
<br />33,019,608
<br />(4,989)
<br />TOTAL LIABILITIES
<br />39,026,276
<br />39,445,988
<br />(419,712)
<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 />1,291,657
<br />718,732
<br />572,925
<br />TOTAL FUND EQUITY
<br />48,275,618
<br />47,702,693
<br />572,925
<br />TOTAL LIABILITIES & FUND EQUITY
<br />87,356,023
<br />87,202,810
<br />153,213
<br />
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