5.1c ERMUSR 09-14-2021ELK RIVER MUNICIPAL UTILITIES
ELK RIVER, MINNESOTA
WATER BALANCE SHEET
Current Month
Change from
July 31, 2021
June 30, 2021
Prior Month
ASSETS
CURRENT ASSETS
CASH
9,175,121
8,908,584
266,537
ACCOUNTS RECEIVABLE
576,499
339,352
237,146
INVENTORIES
24,508
25,952
(1,444)
PREPAID ITEMS
38,355
36,355
2,000
CONSTRUCTION IN PROGRESS
50,230
34,316
15,915
TOTAL CURRENT ASSETS
9,864,714
9,344,559
520,155
RESTRICTED ASSETS
EMERGENCY RESERVE FUND
1,335,851
1,335,251
600
TOTAL RESTRICTED ASSETS
1,335,851
1,335,251
600
FIXED ASSETS
PRODUCTION
14,805,401
14,805,401
0
DISTRIBUTION
23,632,641
23,632,641
0
GENERAL
1,055,257
1,053,790
1,467
FIXED ASSETS (COST)
39,493,300
39,491,833
1,467
LESS ACCUMULATED DEPRECIATION
(20,531,807)
(20,436,974)
(94,832)
TOTAL FIXED ASSETS, NET
18,961,493
19,054,858
(93,365)
INTANGIBLE ASSETS
OTHER ASSETS AND DEFERRED OUTFLOWS
43,701
46,625
(2,924)
TOTAL ASSETS
30,205,759
29,781,293
424,465
LIABILITIES AND FUND EQUITY
CURRENT LIABILITIES
ACCOUNTS PAYABLE
352,568
311,309
41,259
SALARIES AND BENEFITS PAYABLE
125,166
122,905
2,261
DUE TO CITY
2,052
1,126
927
UNEARNED REVENUE
178,532
201,594
(23,062)
TOTAL CURRENT LIABILITIES
658,318
636,933
21,386
LONG TERM LIABILITIES
DUE TO CITY
43,800
0
43,800
BONDS PAYABLE, LESS CURRENT PORTION
2,018,018
2,069,023
(50,005)
PENSION LIABILITIES
446,537
446,537
0
TOTAL LONG TERM LIABILITIES
2,508,355
2,514,560
(6,205)
TOTAL LIABILITIES
3,166,674
3,151,493
15,181
DEFERRED INFLOWS OF RESOURCES
21,807
21,807
0
FUND EQUITY
RETAINED EARNINGS
26,706,999
26,706,999
0
NET INCOME (LOSS) (THROUGH PREVIOUS MONTH)
310,279
(99,006)
409,285
TOTAL FUND EQUITY
27,017,278
26,607,993
409,285
TOTAL LIABILITIES & FUND EQUITY
30,205,759
29,781,293
424,465
47