5.1a ERMUSR 04-13-2021ELK RIVER MUNICIPAL UTILITIES
ELK RIVER, MINNESOTA
COMBINED BALANCE SHEET
FOR PERIOD ENDING FEBRUARY 2021
ELECTRICWATER
ASSETS
CURRENT ASSETS
CASH11,528,2656,797,126
ACCOUNTS RECEIVABLE2,193,162275,969
INVENTORIES881,73510,301
PREPAID ITEMS261,24851,363
CONSTRUCTION IN PROGRESS1,410,13591,236
TOTAL CURRENT ASSETS16,274,5457,225,995
RESTRICTED ASSETS
BOND RESERVE FUND1,261,3590
EMERGENCY RESERVE FUND2,816,4391,332,551
UNRESTRICTED RESERVE FUND00
TOTAL RESTRICTED ASSETS4,077,7981,332,551
FIXED ASSETS
PRODUCTION645,37914,788,511
LFG PROJECT3,851,4420
TRANSMISSION2,305,0240
DISTRIBUTION42,509,50123,559,363
GENERAL11,518,0591,051,442
FIXED ASSETS (COST)60,829,40439,399,316
LESS ACCUMULATED DEPRECIATION(32,026,090)(20,062,367)
TOTAL FIXED ASSETS, NET28,803,31419,336,949
INTANGIBLE ASSETS
POWER AGENCY MEMBERSHIP BUY-IN21,546,2120
LOSS OF REVENUE INTANGIBLE3,425,4650
LESS ACCUMULATED AMORTIZATION(1,613,509)0
TOTAL INTANGIBLE ASSETS, NET23,358,1680
OTHER ASSETS AND DEFERRED OUTFLOWS290,36847,043
TOTAL ASSETS 72,804,19427,942,537
LIABILITIES AND FUND EQUITY
CURRENT LIABILITIES
ACCOUNTS PAYABLE3,452,284234,518
SALARIES AND BENEFITS PAYABLE771,990173,654
DUE TO CITY812,95430,903
DUE TO OTHER FUNDS00
NOTES PAYABLE-CURRENT PORTION172,1800
BONDS PAYABLE-CURRENT PORTION185,0000
UNEARNED REVENUE8,656117,332
TOTAL CURRENT LIABILITIES5,403,064556,408
LONG TERM LIABILITIES
LFG PROJECT209,1240
DUE TO COUNTY00
BONDS PAYABLE, LESS CURRENT PORTION19,067,366319,658
PENSION LIABILITIES2,791,010446,537
TOTAL LONG TERM LIABILITIES22,067,500766,195
TOTAL LIABILITIES 27,470,5641,322,603
DEFERRED INFLOWS OF RESOURCES140,16021,807
FUND EQUITY
CAPITAL ACCOUNT CONST COST1,261,3590
CONTRIBUTED CAPITAL00
RETAINED EARNINGS43,687,01626,706,998
NET INCOME (LOSS) (THROUGH PREVIOUS MONTH)245,095(108,871)
TOTAL FUND EQUITY45,193,47026,598,127
TOTAL LIABILITIES & FUND EQUITY 72,804,19427,942,537
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