5.1b ERMUSR 09-14-2021ELK RIVER MUNICIPAL UTILITIES
ELK RIVER, MINNESOTA
ELECTRIC BALANCE SHEET
Current Month
Change from
July 31, 2021
June 30, 2021
Prior Month
ASSETS
CURRENT ASSETS
CASH
22,736,517
23,922,558
(1,186,042)
ACCOUNTS RECEIVABLE
3,629,614
2,061,167
1,568,447
INVENTORIES
1,065,904
1,135,107
(69,203)
PREPAID ITEMS
206,876
221,326
(14,450)
CONSTRUCTION IN PROGRESS
2,762,180
2,757,435
4,745
TOTAL CURRENT ASSETS
30,401,091
30,097,594
303,497
RESTRICTED ASSETS
BOND RESERVE FUND
1,779,016
1,779,016
0
EMERGENCY RESERVE FUND
2,829,641
2,827,240
2,401
TOTAL RESTRICTED ASSETS
4,608,657
4,606,256
2,401
FIXED ASSETS
PRODUCTION
788,761
788,761
0
LFG PROJECT
3,851,442
3,851,442
0
TRANSMISSION
2,305,024
2,305,024
0
DISTRIBUTION
43,280,130
42,754,260
525,870
GENERAL
11,393,822
11,387,954
5,868
FIXED ASSETS (COST)
61,619,179
61,087,441
531,738
LESS ACCUMULATED DEPRECIATION
(32,797,626)
(32,605,150)
(192,475)
TOTAL FIXED ASSETS, NET
28,821,553
28,482,291
339,263
INTANGIBLE ASSETS
POWER AGENCY MEMBERSHIP BUY -IN
21,546,212
21,546,212
0
LOSS OF REVENUE INTANGIBLE
3,425,465
3,425,465
0
LESS ACCUMULATED AMORTIZATION
(1,891,899)
(1,836,221)
(55,678)
TOTAL INTANGIBLE ASSETS, NET
23,079,779
23,135,457
(55,678)
OTHER ASSETS AND DEFERRED OUTFLOWS
277,001
289,697
(11,696)
TOTAL ASSETS
87,188,080
86,610,293
577,787
LIABILITIES AND FUND EQUITY
CURRENT LIABILITIES
ACCOUNTS PAYABLE
5,505,195
5,349,623
156,572
SALARIES AND BENEFITS PAYABLE
521,089
489,600
31,489
DUE TO CITY
893,682
776,157
117,525
NOTES PAYABLE -CURRENT PORTION
86,090
103,308
(17,218)
BONDS PAYABLE -CURRENT PORTION
185,000
185,000
0
UNEARNED REVENUE
4,236
5,083
(847)
TOTAL CURRENT LIABILITIES
7,195,292
6,907,771
287,520
LONG TERM LIABILITIES
LFG PROJECT
209,124
209,124
0
DUE TO CITY
175,200
0
175,200
BONDS PAYABLE, LESS CURRENT PORTION
31,335,352
31,539,048
(203,696)
PENSION LIABILITIES
2,791,010
2,791,010
0
TOTAL LONG TERM LIABILITIES
34,510,686
34,539,182
(28,496)
TOTAL LIABILITIES
41,705,977
41,446,953
259,024
DEFERRED INFLOWS OF RESOURCES
140,160
140,160
0
FUND EQUITY
CAPITAL ACCOUNT CONST COST
1,779,016
1,779,016
0
RETAINED EARNINGS
43,169,359
43,169,359
0
NET INCOME (LOSS) (THROUGH PREVIOUS MONTH)
393,568
74,806
318,762
TOTAL FUND EQUITY
45,341,943
45,023,180
318,762
TOTAL LIABILITIES & FUND EQUITY
87,188,080
86,610,293
577,787