5.1a ERMUSR 08-09-2022ELK RIVER MUNICIPAL UTILITIES
ELK RIVER, MINNESOTA
COMBINED BALANCE SHEET
FOR PERIOD ENDING JUNE 2022
ELECTRIC WATER
ASSETS
CURRENT ASSETS
CASH 8,718,72413,135,978
ACCOUNTS RECEIVABLE 429,8614,153,502
INVENTORIES 15,3991,101,006
PREPAID ITEMS 39,730237,690
CONSTRUCTION IN PROGRESS 918,18710,753,471
TOTAL CURRENT ASSETS 10,121,90029,381,645
RESTRICTED ASSETS
BOND RESERVE FUND 01,779,016
EMERGENCY RESERVE FUND 1,342,7902,857,398
UNRESTRICTED RESERVE FUND 00
TOTAL RESTRICTED ASSETS 1,342,7904,636,414
FIXED ASSETS
PRODUCTION 14,897,830788,761
LFG PROJECT 03,851,442
TRANSMISSION 02,305,024
DISTRIBUTION 25,751,34245,388,333
GENERAL 1,071,73211,808,072
FIXED ASSETS (COST)41,720,90464,141,631
LESS ACCUMULATED DEPRECIATION (21,543,890)(34,800,051)
TOTAL FIXED ASSETS, NET 20,177,01329,341,581
INTANGIBLE ASSETS
POWER AGENCY MEMBERSHIP BUY-IN 021,546,212
LOSS OF REVENUE INTANGIBLE 04,349,653
LESS ACCUMULATED AMORTIZATION 0(2,504,356)
TOTAL INTANGIBLE ASSETS, NET 023,391,509
OTHER ASSETS AND DEFERRED OUTFLOWS 266,9641,431,143
TOTAL ASSETS 31,908,66888,182,291
LIABILITIES AND FUND EQUITY
CURRENT LIABILITIES
ACCOUNTS PAYABLE 522,5505,953,016
SALARIES AND BENEFITS PAYABLE 132,716548,855
DUE TO CITY 3,659831,436
DUE TO OTHER FUNDS 00
NOTES PAYABLE-CURRENT PORTION 0104,562
BONDS PAYABLE-CURRENT PORTION 50,000345,000
UNEARNED REVENUE 209,5076,261
TOTAL CURRENT LIABILITIES 918,4337,789,130
LONG TERM LIABILITIES
OPEB LIABILITY 00
LFG PROJECT 00
DUE TO COUNTY 00
DUE TO CITY 22,68090,720
BONDS PAYABLE, LESS CURRENT PORTION 1,691,92230,220,055
PENSION LIABILITIES 369,9881,978,758
TOTAL LONG TERM LIABILITIES 2,084,59032,289,533
TOTAL LIABILITIES 3,003,02340,078,663
DEFERRED INFLOWS OF RESOURCES 339,3541,818,303
FUND EQUITY
CAPITAL ACCOUNT CONST COST 01,779,016
CONTRIBUTED CAPITAL 00
RETAINED EARNINGS 28,234,00945,088,631
NET INCOME (LOSS) (THROUGH PREVIOUS MONTH)332,282(582,322)
TOTAL FUND EQUITY 28,566,29146,285,325
TOTAL LIABILITIES & FUND EQUITY 31,908,66888,182,291
56