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ELK RIVER MUNICIPAL UTILITIES
<br />ELK RIVER, MINNESOTA
<br />WATER 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 />9,722,565
<br />9,490,824
<br />231,741
<br />ACCOUNTS RECEIVABLE
<br />5,617,495
<br />5,802,528
<br />(185,034)
<br />INVENTORIES
<br />13,222
<br />15,383
<br />(2,161)
<br />PREPAID ITEMS
<br />54,335
<br />44,230
<br />10,105
<br />CONSTRUCTION IN PROGRESS
<br />1,387,698
<br />1,117,125
<br />270,573
<br />TOTAL CURRENT ASSETS
<br />16,795,314
<br />16,470,090
<br />325,225
<br />RESTRICTED ASSETS
<br />EMERGENCY RESERVE FUND
<br />1,364,213
<br />1,362,273
<br />1,940
<br />TOTAL RESTRICTED ASSETS
<br />1,364,213
<br />1,362,273
<br />1,940
<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 />1,204,196
<br />1,199,663
<br />4,533
<br />FIXED ASSETS (COST)
<br />44,588,350
<br />44,583,817
<br />4,533
<br />LESS ACCUMULATED DEPRECIATION
<br />(23,069,785)
<br />(22,972,246)
<br />(97,539)
<br />TOTAL FIXED ASSETS, NET
<br />21,518,566
<br />21,611,571
<br />(93,006)
<br />INTANGIBLE ASSETS
<br />OTHER ASSETS AND DEFERRED OUTFLOWS
<br />226,587
<br />226,587
<br />0
<br />TOTAL ASSETS
<br />39,904,680
<br />39,670,521
<br />234,159
<br />LIABILITIES AND FUND EQUITY
<br />CURRENT LIABILITIES
<br />ACCOUNTS PAYABLE
<br />438,705
<br />382,337
<br />56,368
<br />SALARIES AND BENEFITS PAYABLE
<br />127,906
<br />120,149
<br />7,757
<br />DUE TO CITY
<br />2,993
<br />2,141
<br />851
<br />UNEARNED REVENUE
<br />438,961
<br />407,124
<br />31,836
<br />TOTAL CURRENT LIABILITIES
<br />1,008,564
<br />911,752
<br />96,812
<br />LONG TERM LIABILITIES
<br />BONDS PAYABLE, LESS CURRENT PORTION
<br />1,623,054
<br />1,623,608
<br />(554)
<br />PENSION LIABILITIES
<br />725,038
<br />725,038
<br />0
<br />TOTAL LONG TERM LIABILITIES
<br />2,348,092
<br />2,348,646
<br />(554)
<br />TOTAL LIABILITIES
<br />3,356,656
<br />3,260,398
<br />96,258
<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 />538,787
<br />400,886
<br />137,901
<br />TOTAL FUND EQUITY
<br />31,426,193
<br />31,288,292
<br />137,901
<br />TOTAL LIABILITIES & FUND EQUITY
<br />39,904,680
<br />39,670,521
<br />234,159
<br />79
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