|
ELK RIVER MUNICIPAL UTILITIES
<br />ELK RIVER, MINNESOTA
<br />WATER 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 />8,324,536
<br />8,527,567
<br />(203,030)
<br />ACCOUNTS RECEIVABLE
<br />5,280,833
<br />5,315,236
<br />(34,403)
<br />INVENTORIES
<br />8,968
<br />9,191
<br />(223)
<br />PREPAID ITEMS
<br />54,951
<br />56,963
<br />(2,012)
<br />CONSTRUCTION IN PROGRESS
<br />2,663,495
<br />2,675,785
<br />(12,291)
<br />TOTAL CURRENT ASSETS
<br />16,332,784
<br />16,584,742
<br />(251,958)
<br />RESTRICTED ASSETS
<br />EMERGENCY RESERVE FUND
<br />1,372,818
<br />1,370,623
<br />2,194
<br />TOTAL RESTRICTED ASSETS
<br />1,372,818
<br />1,370,623
<br />2,194
<br />FIXED ASSETS
<br />PRODUCTION
<br />16,874,001
<br />16,843,047
<br />30,955
<br />DISTRIBUTION
<br />28,135,913
<br />28,135,913
<br />0
<br />GENERAL
<br />1,234,574
<br />1,224,612
<br />9,962
<br />FIXED ASSETS (COST)
<br />46,244,488
<br />46,203,572
<br />40,916
<br />LESS ACCUMULATED DEPRECIATION
<br />(23,671,592)
<br />(23,571,016)
<br />(100,576)
<br />TOTAL FIXED ASSETS, NET
<br />22,572,896
<br />22,632,556
<br />(59,660)
<br />INTANGIBLE ASSETS
<br />OTHER ASSETS AND DEFERRED OUTFLOWS
<br />126,311
<br />126,311
<br />0
<br />TOTAL ASSETS
<br />40,404,809
<br />40,714,232
<br />(309,423)
<br />LIABILITIES AND FUND EQUITY
<br />CURRENT LIABILITIES
<br />ACCOUNTS PAYABLE
<br />249,678
<br />474,978
<br />(225,300)
<br />SALARIES AND BENEFITS PAYABLE
<br />114,664
<br />105,576
<br />9,087
<br />DUE TO CITY
<br />9,290
<br />1,253
<br />8,036
<br />BONDS PAYABLE -CURRENT PORTION
<br />60,000
<br />60,000
<br />0
<br />UNEARNED REVENUE
<br />181,455
<br />181,455
<br />0
<br />TOTAL CURRENT LIABILITIES
<br />615,086
<br />823,262
<br />(208,176)
<br />LONG TERM LIABILITIES
<br />BONDS PAYABLE, LESS CURRENT PORTION
<br />1,559,728
<br />1,560,283
<br />(554)
<br />PENSION LIABILITIES
<br />500,450
<br />500,450
<br />0
<br />TOTAL LONG TERM LIABILITIES
<br />2,060,178
<br />2,060,733
<br />(554)
<br />TOTAL LIABILITIES
<br />2,675,265
<br />2,883,995
<br />(208,730)
<br />DEFERRED INFLOWS OF RESOURCES
<br />4,937,984
<br />4,937,984
<br />0
<br />FUND EQUITY
<br />RETAINED EARNINGS
<br />33,120,013
<br />33,120,013
<br />0
<br />NET INCOME (LOSS) (THROUGH PREVIOUS MONTH)
<br />(328,453)
<br />(227,760)
<br />(100,693)
<br />TOTAL FUND EQUITY
<br />32,791,560
<br />32,892,253
<br />(100,693)
<br />TOTAL LIABILITIES & FUND EQUITY
<br />40,404,809
<br />40,714,232
<br />(309,423)
<br />67
<br />
|