|
ELK RIVER MUNICIPAL UTILITIES
<br />ELK RIVER, MINNESOTA
<br />WATER BALANCE SHEET
<br />Current Month
<br />Change from
<br />July 31, 2024
<br />June 30, 2024
<br />Prior Month
<br />ASSETS
<br />CURRENT ASSETS
<br />CASH
<br />5,401,639
<br />5,528,296
<br />(126,657)
<br />ACCOUNTS RECEIVABLE
<br />5,372,529
<br />5,377,576
<br />(5,047)
<br />INVENTORIES
<br />59,219
<br />11,722
<br />47,497
<br />PREPAID ITEMS
<br />60,967
<br />60,132
<br />835
<br />CONSTRUCTION IN PROGRESS
<br />3,014,520
<br />2,953,209
<br />61,311
<br />TOTAL CURRENT ASSETS
<br />13,908,874
<br />13,930,936
<br />(22,061)
<br />RESTRICTED ASSETS
<br />EMERGENCY RESERVE FUND
<br />4,190,541
<br />4,183,917
<br />6,625
<br />TOTAL RESTRICTED ASSETS
<br />4,190,541
<br />4,183,917
<br />6,625
<br />FIXED ASSETS
<br />PRODUCTION
<br />17,050,836
<br />17,048,464
<br />2,372
<br />DISTRIBUTION
<br />28,135,913
<br />28,135,913
<br />0
<br />GENERAL
<br />1,241,173
<br />1,239,085
<br />2,088
<br />FIXED ASSETS (COST)
<br />46,427,922
<br />46,423,462
<br />4,460
<br />LESS ACCUMULATED DEPRECIATION
<br />(23,974,927)
<br />(23,873,914)
<br />(101,013)
<br />TOTAL FIXED ASSETS, NET
<br />22,452,994
<br />22,549,548
<br />(96,553)
<br />INTANGIBLE ASSETS
<br />OTHER ASSETS AND DEFERRED OUTFLOWS
<br />126,311
<br />126,311
<br />0
<br />TOTAL ASSETS
<br />40,678,721
<br />40,790,711
<br />(111,990)
<br />LIABILITIES AND FUND EQUITY
<br />CURRENT LIABILITIES
<br />ACCOUNTS PAYABLE
<br />383,371
<br />519,735
<br />(136,364)
<br />SALARIES AND BENEFITS PAYABLE
<br />121,644
<br />113,815
<br />7,829
<br />DUE TO CITY
<br />4,846
<br />5,111
<br />(265)
<br />BONDS PAYABLE -CURRENT PORTION
<br />60,000
<br />60,000
<br />0
<br />UNEARNED REVENUE
<br />334,127
<br />334,127
<br />0
<br />TOTAL CURRENT LIABILITIES
<br />903,988
<br />1,032,788
<br />(128,801)
<br />LONG TERM LIABILITIES
<br />BONDS PAYABLE, LESS CURRENT PORTION
<br />1,558,066
<br />1,559,620
<br />(554)
<br />PENSION LIABILITIES
<br />500,450
<br />500,450
<br />0
<br />TOTAL LONG TERM LIABILITIES
<br />2,058,516
<br />2,059,070
<br />(554)
<br />TOTAL LIABILITIES
<br />2,962,503
<br />3,091,858
<br />(129,355)
<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 />(341,779)
<br />(359,144)
<br />17,365
<br />TOTAL FUND EQUITY
<br />32,778,234
<br />32,760,869
<br />17,365
<br />TOTAL LIABILITIES & FUND EQUITY
<br />40,678,721
<br />40,790,711
<br />(111,990)
<br />
|