|
ELK RIVER MUNICIPAL UTILITIES
<br />ELK RIVER, MINNESOTA
<br />WATER BALANCE SHEET
<br />Current Month
<br />Change from
<br />May 31, 2024
<br />April 30, 2024
<br />Prior Month
<br />ASSETS
<br />CURRENT ASSETS
<br />CASH
<br />5,450,338
<br />8,324,536
<br />(2,874,198)
<br />ACCOUNTS RECEIVABLE
<br />5,328,022
<br />5,280,833
<br />47,189
<br />INVENTORIES
<br />12,089
<br />8,968
<br />3,121
<br />PREPAID ITEMS
<br />52,015
<br />54,951
<br />(2,937)
<br />CONSTRUCTION IN PROGRESS
<br />2,788,214
<br />2,663,495
<br />124,720
<br />TOTAL CURRENT ASSETS
<br />13,630,678
<br />16,332,784
<br />(2,702,105)
<br />RESTRICTED ASSETS
<br />EMERGENCY RESERVE FUND
<br />4,176,341
<br />1,372,818
<br />2,803,524
<br />TOTAL RESTRICTED ASSETS
<br />4,176,341
<br />1,372,818
<br />2,803,524
<br />FIXED ASSETS
<br />PRODUCTION
<br />16,874,001
<br />16,874,001
<br />0
<br />DISTRIBUTION
<br />28,135,913
<br />28,135,913
<br />0
<br />GENERAL
<br />1,239,085
<br />1,234,574
<br />4,511
<br />FIXED ASSETS (COST)
<br />46,249,000
<br />46,244,488
<br />4,511
<br />LESS ACCUMULATED DEPRECIATION
<br />(23,772,242)
<br />(23,671,592)
<br />(100,651)
<br />TOTAL FIXED ASSETS, NET
<br />22,476,757
<br />22,572,896
<br />(96,139)
<br />INTANGIBLE ASSETS
<br />OTHER ASSETS AND DEFERRED OUTFLOWS
<br />126,311
<br />126,311
<br />0
<br />TOTAL ASSETS
<br />40,410,088
<br />40,404,809
<br />5,279
<br />LIABILITIES AND FUND EQUITY
<br />CURRENT LIABILITIES
<br />ACCOUNTS PAYABLE
<br />340,926
<br />249,678
<br />91,248
<br />SALARIES AND BENEFITS PAYABLE
<br />108,572
<br />114,664
<br />(6,092)
<br />DUE TO CITY
<br />1,113
<br />9,290
<br />(8,177)
<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 />692,065
<br />615,086
<br />76,979
<br />LONG TERM LIABILITIES
<br />BONDS PAYABLE, LESS CURRENT PORTION
<br />1,559,174
<br />1,559,728
<br />(554)
<br />PENSION LIABILITIES
<br />500,450
<br />500,450
<br />0
<br />TOTAL LONG TERM LIABILITIES
<br />2,059,624
<br />2,060,178
<br />(554)
<br />TOTAL LIABILITIES
<br />2,751,689
<br />2,675,265
<br />76,425
<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 />(399,598)
<br />(328,453)
<br />(71,145)
<br />TOTAL FUND EQUITY
<br />32,720,415
<br />32,791,560
<br />(71,145)
<br />TOTAL LIABILITIES & FUND EQUITY
<br />40,410,088
<br />40,404,809
<br />5,279
<br />
|