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ELK RIVER MUNICIPAL UTILITIES
<br />ELK RIVER, MINNESOTA
<br />WATER 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 />5,666,528
<br />5,638,588
<br />27,940
<br />ACCOUNTS RECEIVABLE
<br />5,586,707
<br />5,501,346
<br />85,361
<br />INVENTORIES
<br />60,706
<br />69,218
<br />(8,512)
<br />PREPAID ITEMS
<br />57,202
<br />48,498
<br />8,703
<br />CONSTRUCTION IN PROGRESS
<br />3,260,091
<br />3,165,245
<br />94,846
<br />TOTAL CURRENT ASSETS
<br />14,631,233
<br />14,422,895
<br />208,338
<br />RESTRICTED ASSETS
<br />EMERGENCY RESERVE FUND
<br />4,213,228
<br />4,205,227
<br />8,001
<br />TOTAL RESTRICTED ASSETS
<br />4,213,228
<br />4,205,227
<br />8,001
<br />FIXED ASSETS
<br />PRODUCTION
<br />17,072,086
<br />17,050,836
<br />21,250
<br />DISTRIBUTION
<br />28,138,612
<br />28,138,612
<br />0
<br />GENERAL
<br />1,246,964
<br />1,242,733
<br />4,231
<br />FIXED ASSETS (COST)
<br />46,457,662
<br />46,432,181
<br />25,481
<br />LESS ACCUMULATED DEPRECIATION
<br />(24,275,504)
<br />(24,175,552)
<br />(99,952)
<br />TOTAL FIXED ASSETS, NET
<br />22,182,158
<br />22,256,629
<br />(74,472)
<br />INTANGIBLE ASSETS
<br />OTHER ASSETS AND DEFERRED OUTFLOWS
<br />126,311
<br />126,311
<br />0
<br />TOTAL ASSETS
<br />41,152,930
<br />41,011,062
<br />141,868
<br />LIABILITIES AND FUND EQUITY
<br />CURRENT LIABILITIES
<br />ACCOUNTS PAYABLE
<br />318,771
<br />326,604
<br />(7,834)
<br />SALARIES AND BENEFITS PAYABLE
<br />124,659
<br />113,089
<br />11,571
<br />DUE TO CITY
<br />2,476
<br />2,871
<br />(395)
<br />UNEARNED REVENUE
<br />455,414
<br />422,941
<br />32,473
<br />TOTAL CURRENT LIABILITIES
<br />901,321
<br />865,506
<br />35,815
<br />LONG TERM LIABILITIES
<br />BONDS PAYABLE, LESS CURRENT PORTION
<br />1,556,403
<br />1,556,957
<br />(554)
<br />PENSION LIABILITIES
<br />500,450
<br />500,450
<br />0
<br />TOTAL LONG TERM LIABILITIES
<br />2,056,853
<br />2,057,407
<br />(554)
<br />TOTAL LIABILITIES
<br />2,958,174
<br />2,922,913
<br />35,261
<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 />136,760
<br />30,153
<br />106,607
<br />TOTAL FUND EQUITY
<br />33,256,773
<br />33,150,166
<br />106,607
<br />TOTAL LIABILITIES & FUND EQUITY
<br />41,152,930
<br />41,011,062
<br />141,868
<br />59
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