|
ELK RIVER MUNICIPAL UTILITIES
<br />ELK RIVER, MINNESOTA
<br />WATER 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 />5,847,299
<br />5,822,103
<br />25,197
<br />ACCOUNTS RECEIVABLE
<br />5,435,291
<br />5,492,763
<br />(57,472)
<br />INVENTORIES
<br />56,846
<br />66,147
<br />(9,301)
<br />PREPAID ITEMS
<br />56,336
<br />58,894
<br />(2,558)
<br />CONSTRUCTION IN PROGRESS
<br />1,092,947
<br />3,348,085
<br />(2,255,138)
<br />TOTAL CURRENT ASSETS
<br />12,488,719
<br />14,787,991
<br />(2,299,272)
<br />RESTRICTED ASSETS
<br />EMERGENCY RESERVE FUND
<br />4,226,774
<br />4,219,152
<br />7,622
<br />TOTAL RESTRICTED ASSETS
<br />4,226,774
<br />4,219,152
<br />7,622
<br />FIXED ASSETS
<br />PRODUCTION
<br />17,172,651
<br />17,087,067
<br />85,584
<br />DISTRIBUTION
<br />30,354,171
<br />28,171,542
<br />2,182,628
<br />GENERAL
<br />1,553,633
<br />1,249,095
<br />304,538
<br />FIXED ASSETS (COST)
<br />49,080,455
<br />46,507,705
<br />2,572,750
<br />LESS ACCUMULATED DEPRECIATION
<br />(24,489,598)
<br />(24,375,690)
<br />(113,909)
<br />TOTAL FIXED ASSETS, NET
<br />24,590,857
<br />22,132,015
<br />2,458,841
<br />INTANGIBLE ASSETS
<br />OTHER ASSETS AND DEFERRED OUTFLOWS
<br />126,311
<br />126,311
<br />0
<br />TOTAL ASSETS
<br />41,432,660
<br />41,265,469
<br />167,191
<br />LIABILITIES AND FUND EQUITY
<br />CURRENT LIABILITIES
<br />ACCOUNTS PAYABLE
<br />452,009
<br />422,358
<br />29,651
<br />SALARIES AND BENEFITS PAYABLE
<br />129,806
<br />122,406
<br />7,400
<br />DUE TO CITY
<br />149,746
<br />2,250
<br />147,496
<br />DUE TO OTHER FUNDS
<br />112,881
<br />0
<br />112,881
<br />BONDS PAYABLE -CURRENT PORTION
<br />65,000
<br />0
<br />65,000
<br />UNEARNED REVENUE
<br />459,500
<br />455,414
<br />4,086
<br />TOTAL CURRENT LIABILITIES
<br />1,368,942
<br />1,002,428
<br />366,514
<br />LONG TERM LIABILITIES
<br />BONDS PAYABLE, LESS CURRENT PORTION
<br />1,490,295
<br />1,555,849
<br />(65,554)
<br />PENSION LIABILITIES
<br />500,450
<br />500,450
<br />0
<br />TOTAL LONG TERM LIABILITIES
<br />1,990,745
<br />2,056,299
<br />(65,554)
<br />TOTAL LIABILITIES
<br />3,359,687
<br />3,058,727
<br />300,960
<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 />14,977
<br />148,745
<br />(133,769)
<br />TOTAL FUND EQUITY
<br />33,134,995
<br />33,268,758
<br />(133,769)
<br />TOTAL LIABILITIES & FUND EQUITY
<br />41,432,660
<br />41,265,469
<br />167,191
<br />
|