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ELK RIVER MUNICIPAL UTILITIES
<br />ELK RIVER, MINNESOTA
<br />ELECTRIC BALANCE SHEET
<br />Current Month
<br />Change from
<br />October 31, 2024
<br />September 30, 2024
<br />Prior Month
<br />ASSETS
<br />CURRENT ASSETS
<br />CASH
<br />5,545,428
<br />5,819,975
<br />(274,546)
<br />ACCOUNTS RECEIVABLE
<br />2,971,160
<br />3,394,606
<br />(423,446)
<br />INVENTORIES
<br />1,747,109
<br />1,347,190
<br />399,919
<br />PREPAID ITEMS
<br />230,494
<br />198,444
<br />32,051
<br />CONSTRUCTION IN PROGRESS
<br />2,358,140
<br />2,397,675
<br />(39,536)
<br />TOTAL CURRENT ASSETS
<br />12,852,331
<br />13,157,889
<br />(305,558)
<br />RESTRICTED ASSETS
<br />BOND RESERVE FUND
<br />1,779,016
<br />1,779,016
<br />0
<br />EMERGENCY RESERVE FUND
<br />7,338,990
<br />7,307,146
<br />31,844
<br />TOTAL RESTRICTED ASSETS
<br />9,118,006
<br />9,086,162
<br />31,844
<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 />50,732,650
<br />50,387,525
<br />345,125
<br />GENERAL
<br />24,780,734
<br />24,602,367
<br />178,367
<br />FIXED ASSETS (COST)
<br />78,642,472
<br />78,118,980
<br />523,492
<br />LESS ACCUMULATED DEPRECIATION
<br />(36,410,017)
<br />(36,187,727)
<br />(222,291)
<br />TOTAL FIXED ASSETS, NET
<br />42,232,455
<br />41,931,254
<br />301,201
<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 />(4,063,338)
<br />(4,007,660)
<br />(55,678)
<br />TOTAL INTANGIBLE ASSETS, NET
<br />23,706,152
<br />23,761,830
<br />(55,678)
<br />OTHER ASSETS AND DEFERRED OUTFLOWS
<br />690,058
<br />690,058
<br />0
<br />TOTAL ASSETS
<br />88,599,002
<br />88,627,193
<br />(28,191)
<br />LIABILITIES AND FUND EQUITY
<br />CURRENT LIABILITIES
<br />ACCOUNTS PAYABLE
<br />4,494,657
<br />5,013,271
<br />(518,614)
<br />SALARIES AND BENEFITS PAYABLE
<br />781,952
<br />727,683
<br />54,269
<br />DUE TO CITY
<br />700,485
<br />885,668
<br />(185,183)
<br />UNEARNED REVENUE
<br />3,995
<br />5,992
<br />(1,998)
<br />TOTAL CURRENT LIABILITIES
<br />5,981,089
<br />6,632,614
<br />(651,525)
<br />LONG TERM LIABILITIES
<br />BONDS PAYABLE, LESS CURRENT PORTION
<br />28,210,377
<br />28,215,365
<br />(4,989)
<br />PENSION LIABILITIES
<br />2,720,477
<br />2,720,477
<br />0
<br />TOTAL LONG TERM LIABILITIES
<br />30,930,854
<br />30,935,842
<br />(4,989)
<br />TOTAL LIABILITIES
<br />36,911,943
<br />37,568,456
<br />(656,513)
<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 />2,269,014
<br />1,640,691
<br />628,323
<br />TOTAL FUND EQUITY
<br />50,850,246
<br />50,221,924
<br />628,323
<br />TOTAL LIABILITIES & FUND EQUITY
<br />88,599,002
<br />88,627,193
<br />(28,191)
<br />
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