|
ELK RIVER MUNICIPAL UTILITIES
<br />ELK RIVER, MINNESOTA
<br />WATER 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 />5,638,588
<br />5,438,922
<br />199,666
<br />ACCOUNTS RECEIVABLE
<br />5,501,346
<br />5,486,738
<br />14,607
<br />INVENTORIES
<br />69,218
<br />56,166
<br />13,052
<br />PREPAID ITEMS
<br />48,498
<br />56,151
<br />(7,652)
<br />CONSTRUCTION IN PROGRESS
<br />3,165,245
<br />3,105,514
<br />59,731
<br />TOTAL CURRENT ASSETS
<br />14,422,895
<br />14,143,490
<br />279,405
<br />RESTRICTED ASSETS
<br />EMERGENCY RESERVE FUND
<br />4,205,227
<br />4,197,165
<br />8,062
<br />TOTAL RESTRICTED ASSETS
<br />4,205,227
<br />4,197,165
<br />8,062
<br />FIXED ASSETS
<br />PRODUCTION
<br />17,050,836
<br />17,050,836
<br />0
<br />DISTRIBUTION
<br />28,138,612
<br />28,138,612
<br />0
<br />GENERAL
<br />1,242,733
<br />1,242,733
<br />0
<br />FIXED ASSETS (COST)
<br />46,432,181
<br />46,432,181
<br />0
<br />LESS ACCUMULATED DEPRECIATION
<br />(24,175,552)
<br />(24,075,450)
<br />(100,102)
<br />TOTAL FIXED ASSETS, NET
<br />22,256,629
<br />22,356,731
<br />(100,102)
<br />INTANGIBLE ASSETS
<br />OTHER ASSETS AND DEFERRED OUTFLOWS
<br />126,311
<br />126,311
<br />0
<br />TOTAL ASSETS
<br />41,011,062
<br />40,823,698
<br />187,365
<br />LIABILITIES AND FUND EQUITY
<br />CURRENT LIABILITIES
<br />ACCOUNTS PAYABLE
<br />326,604
<br />356,759
<br />(30,154)
<br />SALARIES AND BENEFITS PAYABLE
<br />113,089
<br />100,315
<br />12,773
<br />DUE TO CITY
<br />2,871
<br />1,313
<br />1,558
<br />UNEARNED REVENUE
<br />422,941
<br />334,127
<br />88,815
<br />TOTAL CURRENT LIABILITIES
<br />865,506
<br />792,514
<br />72,992
<br />LONG TERM LIABILITIES
<br />BONDS PAYABLE, LESS CURRENT PORTION
<br />1,556,957
<br />1,557,512
<br />(554)
<br />PENSION LIABILITIES
<br />500,450
<br />500,450
<br />0
<br />TOTAL LONG TERM LIABILITIES
<br />2,057,407
<br />2,057,962
<br />(554)
<br />TOTAL LIABILITIES
<br />2,922,913
<br />2,850,475
<br />72,438
<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 />30,153
<br />(84,775)
<br />114,927
<br />TOTAL FUND EQUITY
<br />33,150,166
<br />33,035,238
<br />114,927
<br />TOTAL LIABILITIES & FUND EQUITY
<br />41,011,062
<br />40,823,698
<br />187,365
<br />75
<br />
|