5.1b ERMUSR 11-8-2022ELK RIVER MUNICIPAL UTILITIES
ELK RIVER, MINNESOTA
ELECTRIC BALANCE SHEET
Current Month
Change from
September 30, 2022
August 31, 2022
Prior Month
ASSETS
CURRENT ASSETS
CASH
9,820,820
10,986,137
(1,165,317)
ACCOUNTS RECEIVABLE
5,337,650
4,279,516
1,058,134
INVENTORIES
1,237,863
1,279,278
(41,414)
PREPAID ITEMS
208,828
178,914
29,914
CONSTRUCTION IN PROGRESS
12,322,884
11,829,499
493,385
TOTAL CURRENT ASSETS
28,928,045
28,553,343
374,702
RESTRICTED ASSETS
BOND RESERVE FUND
1,779,016
1,779,016
0
EMERGENCY RESERVE FUND
2,866,473
2,861,042
5,431
TOTAL RESTRICTED ASSETS
4,645,489
4,640,057
5,431
FIXED ASSETS
PRODUCTION
788,761
788,761
0
LEG PROJECT
3,851,442
3,851,442
0
TRANSMISSION
2,305,024
2,305,024
0
DISTRIBUTION
45,784,048
45,760,329
23,719
GENERAL
11,953,834
11,986,088
(32,254)
FIXED ASSETS (COST)
64,683,109
64,691,644
(8,535)
LESS ACCUMULATED DEPRECIATION
(35,343,076)
(35,190,269)
(152,806)
TOTAL FIXED ASSETS, NET
29,340,034
29,501,375
(161,341)
INTANGIBLE ASSETS
POWER AGENCY MEMBERSHIP BUY -IN
21,546,212
21,546,212
0
LOSS OF REVENUE INTANGIBLE
4,349,653
4,349,653
0
LESS ACCUMULATED AMORTIZATION
(2,671,390)
(2,615,712)
(55,678)
TOTAL INTANGIBLE ASSETS, NET
23,224,475
23,280,153
(55,678)
OTHER ASSETS AND DEFERRED OUTFLOWS
1,431,143
1,431,143
0
TOTAL ASSETS
87,569,185
87,406,071
163,114
LIABILITIES AND FUND EQUITY
CURRENT LIABILITIES
ACCOUNTS PAYABLE
5,267,999
5,527,892
(259,893)
SALARIES AND BENEFITS PAYABLE
548,359
628,899
(80,540)
DUE TO CITY
880,559
764,943
115,616
NOTES PAYABLE -CURRENT PORTION
52,281
69,708
(17,427)
UNEARNED REVENUE
2,597
4,529
(1,933)
TOTAL CURRENT LIABILITIES
6,751,795
6,995,972
(244,177)
LONG TERM LIABILITIES
DUE TO CITY
90,720
90,720
0
BONDS PAYABLE, LESS CURRENT PORTION
30,205,090
30,210,078
(4,989)
PENSION LIABILITIES
1,978,758
1,978,758
0
TOTAL LONG TERM LIABILITIES
32,274,568
32,279,556
(4,989)
TOTAL LIABILITIES
39,026,363
39,275,528
(249,166)
DEFERRED INFLOWS OF RESOURCES
1,818,303
1,818,303
0
FUND EQUITY
CAPITAL ACCOUNT CONST COST
1,779,016
1,779,016
0
RETAINED EARNINGS
45,088,631
45,088,631
0
NET INCOME (LOSS) (THROUGH PREVIOUS MONTH)
(143,127)
(555,407)
412,280
TOTAL FUND EQUITY
46,724,519
46,312,239
412,285
TOTAL LIABILITIES & FUND EQUITY
87,569,185
87,406,071
163,114