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ELK RIVER MUNICIPAL UTILITIES
<br />ELK RIVER, MINNESOTA
<br />ELECTRIC BALANCE SHEET
<br />Current Month
<br />Change from
<br />December 31, 2024
<br />November 30, 2024
<br />Prior Month
<br />ASSETS
<br />CURRENT ASSETS
<br />CASH
<br />5,508,725
<br />5,599,803
<br />(91,078)
<br />ACCOUNTS RECEIVABLE
<br />2,162,381
<br />3,124,603
<br />(962,222)
<br />INVENTORIES
<br />1,637,838
<br />1,746,242
<br />(108,403)
<br />PREPAID ITEMS
<br />252,217
<br />255,641
<br />(3,424)
<br />CONSTRUCTION IN PROGRESS
<br />2,263,494
<br />3,281,158
<br />(1,017,663)
<br />TOTAL CURRENT ASSETS
<br />11,824,655
<br />14,007,446
<br />(2,182,791)
<br />RESTRICTED ASSETS
<br />BOND RESERVE FUND
<br />1,779,016
<br />1,779,016
<br />0
<br />EMERGENCY RESERVE FUND
<br />7,393,332
<br />7,362,685
<br />30,647
<br />TOTAL RESTRICTED ASSETS
<br />9,172,348
<br />9,141,701
<br />30,647
<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 />52,617,602
<br />51,039,597
<br />1,578,005
<br />GENERAL
<br />25,401,305
<br />24,838,418
<br />562,886
<br />FIXED ASSETS (COST)
<br />81,147,995
<br />79,007,104
<br />2,140,891
<br />LESS ACCUMULATED DEPRECIATION
<br />(36,852,268)
<br />(36,629,962)
<br />(222,306)
<br />TOTAL FIXED ASSETS, NET
<br />44,295,727
<br />42,377,142
<br />1,918,585
<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 />(4,174,694)
<br />(4,119,016)
<br />(55,678)
<br />TOTAL INTANGIBLE ASSETS, NET
<br />23,594,796
<br />23,650,474
<br />(55,678)
<br />OTHER ASSETS AND DEFERRED OUTFLOWS
<br />690,058
<br />690,058
<br />0
<br />TOTAL ASSETS
<br />89,577,584
<br />89,866,821
<br />(289,237)
<br />LIABILITIES AND FUND EQUITY
<br />CURRENT LIABILITIES
<br />ACCOUNTS PAYABLE
<br />4,558,327
<br />4,937,743
<br />(379,416)
<br />SALARIES AND BENEFITS PAYABLE
<br />878,182
<br />805,044
<br />73,138
<br />DUE TO CITY
<br />1,027,238
<br />757,985
<br />269,254
<br />DUE TO OTHER FUNDS
<br />(112,881)
<br />0
<br />(112,881)
<br />BONDS PAYABLE -CURRENT PORTION
<br />990,000
<br />0
<br />990,000
<br />UNEARNED REVENUE
<br />4,305
<br />1,998
<br />2,308
<br />TOTAL CURRENT LIABILITIES
<br />7,345,170
<br />6,502,769
<br />842,401
<br />LONG TERM LIABILITIES
<br />BONDS PAYABLE, LESS CURRENT PORTION
<br />27,210,400
<br />28,205,388
<br />(994,989)
<br />PENSION LIABILITIES
<br />2,720,477
<br />2,720,477
<br />0
<br />TOTAL LONG TERM LIABILITIES
<br />29,930,877
<br />30,925,865
<br />(994,989)
<br />TOTAL LIABILITIES
<br />37,276,047
<br />37,428,634
<br />(152,587)
<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 />2,883,492
<br />3,020,141
<br />(136,650)
<br />TOTAL FUND EQUITY
<br />51,464,724
<br />51,601,374
<br />(136,650)
<br />TOTAL LIABILITIES & FUND EQUITY
<br />89,577,584
<br />89,866,821
<br />(289,237)
<br />67
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