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ELK RIVER MUNICIPAL UTILITIES
<br />ELK RIVER, MINNESOTA
<br />ELECTRIC BALANCE SHEET
<br />Current Month
<br />Change from
<br />November 30, 2024
<br />October 31, 2024
<br />Prior Month
<br />ASSETS
<br />CURRENT ASSETS
<br />CASH
<br />5,599,803
<br />5,545,428
<br />54,375
<br />ACCOUNTS RECEIVABLE
<br />3,124,603
<br />2,971,160
<br />153,443
<br />INVENTORIES
<br />1,746,242
<br />1,747,109
<br />(867)
<br />PREPAID ITEMS
<br />255,641
<br />230,494
<br />25,146
<br />CONSTRUCTION IN PROGRESS
<br />3,281,158
<br />2,358,140
<br />923,018
<br />TOTAL CURRENT ASSETS
<br />14,007,446
<br />12,852,331
<br />1,155,115
<br />RESTRICTED ASSETS
<br />BOND RESERVE FUND
<br />1,779,016
<br />1,779,016
<br />0
<br />EMERGENCY RESERVE FUND
<br />7,362,685
<br />7,338,990
<br />23,695
<br />TOTAL RESTRICTED ASSETS
<br />9,141,701
<br />9,118,006
<br />23,695
<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 />51,039,597
<br />50,732,650
<br />306,947
<br />GENERAL
<br />24,838,418
<br />24,780,734
<br />57,685
<br />FIXED ASSETS (COST)
<br />79,007,104
<br />78,642,472
<br />364,632
<br />LESS ACCUMULATED DEPRECIATION
<br />(36,629,962)
<br />(36,410,017)
<br />(219,945)
<br />TOTAL FIXED ASSETS, NET
<br />42,377,142
<br />42,232,455
<br />144,688
<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 />(4,119,016)
<br />(4,063,338)
<br />(55,678)
<br />TOTAL INTANGIBLE ASSETS, NET
<br />23,650,474
<br />23,706,152
<br />(55,678)
<br />OTHER ASSETS AND DEFERRED OUTFLOWS
<br />690,058
<br />690,058
<br />0
<br />TOTAL ASSETS
<br />89,866,821
<br />88,599,002
<br />1,267,819
<br />LIABILITIES AND FUND EQUITY
<br />CURRENT LIABILITIES
<br />ACCOUNTS PAYABLE
<br />4,937,743
<br />4,494,657
<br />443,086
<br />SALARIES AND BENEFITS PAYABLE
<br />805,044
<br />781,952
<br />23,092
<br />DUE TO CITY
<br />757,985
<br />700,485
<br />57,500
<br />UNEARNED REVENUE
<br />1,998
<br />3,995
<br />(1,998)
<br />TOTAL CURRENT LIABILITIES
<br />6,502,769
<br />5,981,089
<br />521,680
<br />LONG TERM LIABILITIES
<br />BONDS PAYABLE, LESS CURRENT PORTION
<br />28,205,388
<br />28,210,377
<br />(4,989)
<br />PENSION LIABILITIES
<br />2,720,477
<br />2,720,477
<br />0
<br />TOTAL LONG TERM LIABILITIES
<br />30,925,865
<br />30,930,854
<br />(4,989)
<br />TOTAL LIABILITIES
<br />37,428,634
<br />36,911,943
<br />516,691
<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 />3,020,141
<br />2,269,014
<br />751,128
<br />TOTAL FUND EQUITY
<br />51,601,374
<br />50,850,246
<br />751,128
<br />TOTAL LIABILITIES & FUND EQUITY
<br />89,866,821
<br />88,599,002
<br />1,267,819
<br />55
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