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ELK RIVER MUNICIPAL UTILITIES
<br />ELK RIVER, MINNESOTA
<br />ELECTRIC BALANCE SHEET
<br />Current Month
<br />Change from
<br />September 30, 2024
<br />August 31, 2024
<br />Prior Month
<br />ASSETS
<br />CURRENT ASSETS
<br />CASH
<br />5,819,975
<br />4,815,497
<br />1,004,478
<br />ACCOUNTS RECEIVABLE
<br />3,394,606
<br />3,981,775
<br />(587,169)
<br />INVENTORIES
<br />1,347,190
<br />1,301,600
<br />45,590
<br />PREPAID ITEMS
<br />198,444
<br />232,178
<br />(33,734)
<br />CONSTRUCTION IN PROGRESS
<br />2,397,675
<br />2,150,374
<br />247,302
<br />TOTAL CURRENT ASSETS
<br />13,157,889
<br />12,481,423
<br />676,466
<br />RESTRICTED ASSETS
<br />BOND RESERVE FUND
<br />1,779,016
<br />1,779,016
<br />0
<br />EMERGENCY RESERVE FUND
<br />7,307,146
<br />7,274,898
<br />32,248
<br />TOTAL RESTRICTED ASSETS
<br />9,086,162
<br />9,053,914
<br />32,248
<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 />50,387,525
<br />50,349,261
<br />38,264
<br />GENERAL
<br />24,602,367
<br />24,629,229
<br />(26,863)
<br />FIXED ASSETS (COST)
<br />78,118,980
<br />78,107,579
<br />11,401
<br />LESS ACCUMULATED DEPRECIATION
<br />(36,187,727)
<br />(35,995,185)
<br />(192,542)
<br />TOTAL FIXED ASSETS, NET
<br />41,931,254
<br />42,112,394
<br />(181,141)
<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 />(4,007,660)
<br />(3,951,982)
<br />(55,678)
<br />TOTAL INTANGIBLE ASSETS, NET
<br />23,761,830
<br />23,817,508
<br />(55,678)
<br />OTHER ASSETS AND DEFERRED OUTFLOWS
<br />690,058
<br />690,058
<br />0
<br />TOTAL ASSETS
<br />88,627,193
<br />88,155,298
<br />471,895
<br />LIABILITIES AND FUND EQUITY
<br />CURRENT LIABILITIES
<br />ACCOUNTS PAYABLE
<br />5,013,271
<br />5,321,957
<br />(308,686)
<br />SALARIES AND BENEFITS PAYABLE
<br />727,683
<br />690,051
<br />37,632
<br />DUE TO CITY
<br />885,668
<br />810,977
<br />74,691
<br />UNEARNED REVENUE
<br />5,992
<br />7,990
<br />(1,998)
<br />TOTAL CURRENT LIABILITIES
<br />6,632,614
<br />6,830,975
<br />(198,361)
<br />LONG TERM LIABILITIES
<br />BONDS PAYABLE, LESS CURRENT PORTION
<br />28,215,365
<br />28,220,354
<br />(4,989)
<br />PENSION LIABILITIES
<br />2,720,477
<br />2,720,477
<br />0
<br />TOTAL LONG TERM LIABILITIES
<br />30,935,842
<br />30,940,831
<br />(4,989)
<br />TOTAL LIABILITIES
<br />37,568,456
<br />37,771,805
<br />(203,349)
<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 />1,640,691
<br />965,446
<br />675,245
<br />TOTAL FUND EQUITY
<br />50,221,924
<br />49,546,679
<br />675,245
<br />TOTAL LIABILITIES & FUND EQUITY
<br />88,627,193
<br />88,155,298
<br />471,895
<br />74
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