5.1c ERMUSR 08-09-2022ELK RIVER MUNICIPAL UTILITIES
ELK RIVER, MINNESOTA
WATER BALANCE SHEET
Current Month
Change from
Prior MonthJune 30, 2022 May 31, 2022
ASSETS
CURRENT ASSETS
CASH 8,718,724 8,443,250 275,473
ACCOUNTS RECEIVABLE 429,861 269,664 160,197
INVENTORIES 15,399 19,375 (3,976)
PREPAID ITEMS 39,730 37,714 2,015
CONSTRUCTION IN PROGRESS 918,187 914,362 3,824
TOTAL CURRENT ASSETS 10,121,900 9,684,367 437,534
RESTRICTED ASSETS
EMERGENCY RESERVE FUND 1,342,790 1,341,533 1,257
TOTAL RESTRICTED ASSETS 1,342,790 1,341,533 1,257
FIXED ASSETS
PRODUCTION 14,897,830 14,883,725 14,105
DISTRIBUTION 25,751,342 25,751,342 0
GENERAL 1,071,732 1,071,732 0
FIXED ASSETS (COST)41,720,904 41,706,799 14,105
LESS ACCUMULATED DEPRECIATION (21,543,890)(21,452,102)(91,788)
TOTAL FIXED ASSETS, NET 20,177,013 20,254,697 (77,683)
INTANGIBLE ASSETS
OTHER ASSETS AND DEFERRED OUTFLOWS 266,964 266,964 0
TOTAL ASSETS 31,908,668 31,547,561 361,107
LIABILITIES AND FUND EQUITY
CURRENT LIABILITIES
ACCOUNTS PAYABLE 522,550 530,466 (7,916)
SALARIES AND BENEFITS PAYABLE 132,716 126,140 6,577
DUE TO CITY 3,659 3,379 280
BONDS PAYABLE-CURRENT PORTION 50,000 50,000 0
UNEARNED REVENUE 209,507 51,230 158,277
TOTAL CURRENT LIABILITIES 918,433 761,215 157,218
LONG TERM LIABILITIES
DUE TO CITY 22,680 22,680 0
BONDS PAYABLE, LESS CURRENT PORTION 1,691,922 1,692,476 (554)
PENSION LIABILITIES 369,988 369,988 0
TOTAL LONG TERM LIABILITIES 2,084,590 2,085,144 (554)
TOTAL LIABILITIES 3,003,023 2,846,359 156,664
DEFERRED INFLOWS OF RESOURCES 339,354 339,354 0
FUND EQUITY
RETAINED EARNINGS 28,234,009 28,234,009 0
NET INCOME (LOSS) (THROUGH PREVIOUS MONTH)332,282 127,839 204,444
TOTAL FUND EQUITY 28,566,291 28,361,848 204,444
TOTAL LIABILITIES & FUND EQUITY 31,908,668 31,547,561 361,107
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