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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, 2024
<br />March 31, 2024
<br />Prior Month
<br />ASSETS
<br />CURRENT ASSETS
<br />CASH
<br />10,528,080
<br />9,669,216
<br />858,865
<br />ACCOUNTS RECEIVABLE
<br />2,042,847
<br />2,715,384
<br />(672,538)
<br />INVENTORIES
<br />1,434,907
<br />1,203,668
<br />231,239
<br />PREPAID ITEMS
<br />244,152
<br />251,673
<br />(7,521)
<br />CONSTRUCTION IN PROGRESS
<br />1,300,146
<br />1,086,598
<br />213,548
<br />TOTAL CURRENT ASSETS
<br />15,550,132
<br />14,926,539
<br />623,593
<br />RESTRICTED ASSETS
<br />BOND RESERVE FUND
<br />1,779,016
<br />1,779,016
<br />0
<br />EMERGENCY RESERVE FUND
<br />2,977,508
<br />2,968,730
<br />8,777
<br />TOTAL RESTRICTED ASSETS
<br />4,756,523
<br />4,747,746
<br />8,777
<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 />49,498,519
<br />49,427,765
<br />70,754
<br />GENERAL
<br />24,522,131
<br />24,501,072
<br />21,059
<br />FIXED ASSETS (COST)
<br />77,149,739
<br />77,057,927
<br />91,812
<br />LESS ACCUMULATED DEPRECIATION
<br />(35,116,690)
<br />(34,896,831)
<br />(219,858)
<br />TOTAL FIXED ASSETS, NET
<br />42,033,049
<br />42,161,095
<br />(128,046)
<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 />6,223,278
<br />6,223,278
<br />0
<br />LESS ACCUMULATED AMORTIZATION
<br />(3,729,271)
<br />(3,673,593)
<br />(55,678)
<br />TOTAL INTANGIBLE ASSETS, NET
<br />24,040,220
<br />24,095,898
<br />(55,678)
<br />OTHER ASSETS AND DEFERRED OUTFLOWS
<br />690,058
<br />690,058
<br />0
<br />TOTAL ASSETS
<br />87,069,983
<br />86,621,336
<br />448,646
<br />LIABILITIES AND FUND EQUITY
<br />CURRENT LIABILITIES
<br />ACCOUNTS PAYABLE
<br />4,182,105
<br />3,835,718
<br />346,387
<br />SALARIES AND BENEFITS PAYABLE
<br />741,136
<br />699,864
<br />42,272
<br />DUE TO CITY
<br />938,717
<br />835,632
<br />103,085
<br />BONDS PAYABLE -CURRENT PORTION
<br />460,000
<br />460,000
<br />0
<br />UNEARNED REVENUE
<br />15,980
<br />17,978
<br />(1,998)
<br />TOTAL CURRENT LIABILITIES
<br />6,337,939
<br />5,848,192
<br />489,747
<br />LONG TERM LIABILITIES
<br />BONDS PAYABLE, LESS CURRENT PORTION
<br />28,240,308
<br />28,245,296
<br />(4,989)
<br />PENSION LIABILITIES
<br />2,720,477
<br />2,720,477
<br />0
<br />TOTAL LONG TERM LIABILITIES
<br />30,960,785
<br />30,965,773
<br />(4,989)
<br />TOTAL LIABILITIES
<br />37,298,723
<br />36,813,965
<br />484,758
<br />DEFERRED INFLOWS OF RESOURCES
<br />836,813
<br />836,813
<br />0
<br />FUND EQUITY
<br />CAPITAL ACCOUNT CONST COST
<br />1,779,016
<br />1,779,016
<br />0
<br />RETAINED EARNINGS
<br />46,802,217
<br />46,802,217
<br />0
<br />NET INCOME (LOSS) (THROUGH PREVIOUS MONTH)
<br />353,213
<br />389,325
<br />(36,112)
<br />TOTAL FUND EQUITY
<br />48,934,446
<br />48,970,558
<br />(36,112)
<br />TOTAL LIABILITIES & FUND EQUITY
<br />87,069,983
<br />86,621,336
<br />448,646
<br />
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