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ELK RIVER MUNICIPAL UTILITIES
<br />ELK RIVER, MINNESOTA
<br />WATER 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 />5,822,103
<br />5,666,528
<br />155,575
<br />ACCOUNTS RECEIVABLE
<br />5,492,763
<br />5,586,707
<br />(93,944)
<br />INVENTORIES
<br />66,147
<br />60,706
<br />5,440
<br />PREPAID ITEMS
<br />58,894
<br />57,202
<br />1,692
<br />CONSTRUCTION IN PROGRESS
<br />3,348,085
<br />3,260,091
<br />87,994
<br />TOTAL CURRENT ASSETS
<br />14,787,991
<br />14,631,233
<br />156,757
<br />RESTRICTED ASSETS
<br />EMERGENCY RESERVE FUND
<br />4,219,152
<br />4,213,228
<br />5,924
<br />TOTAL RESTRICTED ASSETS
<br />4,219,152
<br />4,213,228
<br />5,924
<br />FIXED ASSETS
<br />PRODUCTION
<br />17,087,067
<br />17,072,086
<br />14,982
<br />DISTRIBUTION
<br />28,171,542
<br />28,138,612
<br />32,930
<br />GENERAL
<br />1,249,095
<br />1,246,964
<br />2,132
<br />FIXED ASSETS (COST)
<br />46,507,705
<br />46,457,662
<br />50,043
<br />LESS ACCUMULATED DEPRECIATION
<br />(24,375,690)
<br />(24,275,504)
<br />(100,186)
<br />TOTAL FIXED ASSETS, NET
<br />22,132,015
<br />22,182,158
<br />(50,142)
<br />INTANGIBLE ASSETS
<br />OTHER ASSETS AND DEFERRED OUTFLOWS
<br />126,311
<br />126,311
<br />0
<br />TOTAL ASSETS
<br />41,265,469
<br />41,152,930
<br />112,539
<br />LIABILITIES AND FUND EQUITY
<br />CURRENT LIABILITIES
<br />ACCOUNTS PAYABLE
<br />422,358
<br />318,771
<br />103,587
<br />SALARIES AND BENEFITS PAYABLE
<br />122,406
<br />124,659
<br />(2,254)
<br />DUE TO CITY
<br />2,250
<br />2,476
<br />(226)
<br />UNEARNED REVENUE
<br />455,414
<br />455,414
<br />0
<br />TOTAL CURRENT LIABILITIES
<br />1,002,428
<br />901,321
<br />101,108
<br />LONG TERM LIABILITIES
<br />BONDS PAYABLE, LESS CURRENT PORTION
<br />1,555,849
<br />1,556,403
<br />(554)
<br />PENSION LIABILITIES
<br />500,450
<br />500,450
<br />0
<br />TOTAL LONG TERM LIABILITIES
<br />2,056,299
<br />2,056,853
<br />(554)
<br />TOTAL LIABILITIES
<br />3,058,727
<br />2,958,174
<br />100,553
<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 />148,745
<br />136,760
<br />11,985
<br />TOTAL FUND EQUITY
<br />33,268,758
<br />33,256,773
<br />11,985
<br />TOTAL LIABILITIES & FUND EQUITY
<br />41,265,469
<br />41,152,930
<br />112,539
<br />56
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