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ELK RIVER MUNICIPAL UTILITIES
<br />ELK RIVER, MINNESOTA
<br />WATER BALANCE SHEET
<br />Current Month
<br />Change from
<br />June 30, 2024
<br />May 31, 2024
<br />Prior Month
<br />ASSETS
<br />CURRENT ASSETS
<br />CASH
<br />5,528,296
<br />5,450,338
<br />77,958
<br />ACCOUNTS RECEIVABLE
<br />5,377,576
<br />5,328,022
<br />49,554
<br />INVENTORIES
<br />11,722
<br />12,089
<br />(367)
<br />PREPAID ITEMS
<br />60,132
<br />52,015
<br />8,118
<br />CONSTRUCTION IN PROGRESS
<br />2,953,209
<br />2,788,214
<br />164,995
<br />TOTAL CURRENT ASSETS
<br />13,930,936
<br />13,630,678
<br />300,257
<br />RESTRICTED ASSETS
<br />EMERGENCY RESERVE FUND
<br />4,183,917
<br />4,176,341
<br />7,575
<br />TOTAL RESTRICTED ASSETS
<br />4,183,917
<br />4,176,341
<br />7,575
<br />FIXED ASSETS
<br />PRODUCTION
<br />17,048,464
<br />16,874,001
<br />174,462
<br />DISTRIBUTION
<br />28,135,913
<br />28,135,913
<br />0
<br />GENERAL
<br />1,239,085
<br />1,239,085
<br />0
<br />FIXED ASSETS (COST)
<br />46,423,462
<br />46,249,000
<br />174,462
<br />LESS ACCUMULATED DEPRECIATION
<br />(23,873,914)
<br />(23,772,242)
<br />(101,672)
<br />TOTAL FIXED ASSETS, NET
<br />22,549,548
<br />22,476,757
<br />72,790
<br />INTANGIBLE ASSETS
<br />OTHER ASSETS AND DEFERRED OUTFLOWS
<br />126,311
<br />126,311
<br />0
<br />TOTAL ASSETS
<br />40,790,711
<br />40,410,088
<br />380,623
<br />LIABILITIES AND FUND EQUITY
<br />CURRENT LIABILITIES
<br />ACCOUNTS PAYABLE
<br />519,735
<br />340,926
<br />178,810
<br />SALARIES AND BENEFITS PAYABLE
<br />113,815
<br />108,572
<br />5,243
<br />DUE TO CITY
<br />5,111
<br />1,113
<br />3,998
<br />BONDS PAYABLE -CURRENT PORTION
<br />60,000
<br />60,000
<br />0
<br />UNEARNED REVENUE
<br />334,127
<br />181,455
<br />152,672
<br />TOTAL CURRENT LIABILITIES
<br />1,032,788
<br />692,065
<br />340,724
<br />LONG TERM LIABILITIES
<br />BONDS PAYABLE, LESS CURRENT PORTION
<br />1,558,620
<br />1,559,174
<br />(554)
<br />PENSION LIABILITIES
<br />500,450
<br />500,450
<br />0
<br />TOTAL LONG TERM LIABILITIES
<br />2,059,070
<br />2,059,624
<br />(554)
<br />TOTAL LIABILITIES
<br />3,091,858
<br />2,751,689
<br />340,169
<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 />(359,144)
<br />(399,598)
<br />40,454
<br />TOTAL FUND EQUITY
<br />32,760,869
<br />32,720,415
<br />40,454
<br />TOTAL LIABILITIES & FUND EQUITY
<br />40,790,711
<br />40,410,088
<br />380,623
<br />
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