5.1a ERMUSR 03-09-2021ELK RIVER MUNICIPAL UTILITIES
ELK RIVER, MINNESOTA
COMBINED BALANCE SHEET
FOR PERIOD ENDING JANUARY 2021
ELECTRICWATER
ASSETS
CURRENT ASSETS
CASH13,305,5497,139,347
ACCOUNTS RECEIVABLE2,340,813248,930
INVENTORIES857,6906,594
PREPAID ITEMS283,75341,049
CONSTRUCTION IN PROGRESS1,266,11115,665
TOTAL CURRENT ASSETS18,053,9167,451,585
RESTRICTED ASSETS
BOND RESERVE FUND1,261,3590
EMERGENCY RESERVE FUND2,815,8761,332,410
UNRESTRICTED RESERVE FUND00
TOTAL RESTRICTED ASSETS4,077,2351,332,410
FIXED ASSETS
PRODUCTION645,37914,788,511
LFG PROJECT3,851,4420
TRANSMISSION2,305,0240
DISTRIBUTION42,495,34923,985,293
GENERAL11,518,0591,051,442
FIXED ASSETS (COST)60,815,25239,825,246
LESS ACCUMULATED DEPRECIATION(31,837,379)(19,965,860)
TOTAL FIXED ASSETS, NET28,977,87319,859,386
INTANGIBLE ASSETS
POWER AGENCY MEMBERSHIP BUY-IN21,546,2120
LOSS OF REVENUE INTANGIBLE3,425,4650
LESS ACCUMULATED AMORTIZATION(1,557,831)0
TOTAL INTANGIBLE ASSETS, NET23,413,8460
OTHER ASSETS AND DEFERRED OUTFLOWS258,17044,430
74,781,04028,687,811
TOTAL ASSETS
LIABILITIES AND FUND EQUITY
CURRENT LIABILITIES
ACCOUNTS PAYABLE4,780,057214,473
SALARIES AND BENEFITS PAYABLE727,111169,587
DUE TO CITY965,66329,331
DUE TO OTHER FUNDS00
NOTES PAYABLE-CURRENT PORTION189,3980
BONDS PAYABLE-CURRENT PORTION865,000260,000
UNEARNED REVENUE0139,959
TOTAL CURRENT LIABILITIES7,527,229813,350
LONG TERM LIABILITIES
LFG PROJECT209,1240
DUE TO COUNTY00
BONDS PAYABLE, LESS CURRENT PORTION19,071,655319,727
PENSION LIABILITIES2,456,809418,155
TOTAL LONG TERM LIABILITIES21,737,588737,882
29,264,8171,551,232
TOTAL LIABILITIES
DEFERRED INFLOWS OF RESOURCES520,93488,042
FUND EQUITY
CAPITAL ACCOUNT CONST COST1,261,3590
CONTRIBUTED CAPITAL00
RETAINED EARNINGS43,641,01127,094,028
NET INCOME (LOSS) (THROUGH PREVIOUS MONTH)92,919(45,491)
TOTAL FUND EQUITY44,995,28927,048,537
74,781,04028,687,811
TOTAL LIABILITIES & FUND EQUITY
305