5.1a ERMUSR 11-8-2022ELK RIVER MUNICIPAL UTILITIES
ELK RIVER, MINNESOTA
COMBINED BALANCE SHEET
FOR PERIOD ENDING SEPTEMBER 2022
ELECTRIC
WATER
ASSETS
CURRENT ASSETS
CASH
9,820,820
9,872,698
ACCOUNTS RECEIVABLE
5,337,650
506,976
INVENTORIES
1,237,863
24,889
PREPAID ITEMS
208,828
37,992
CONSTRUCTION IN PROGRESS
12,322,884
961,070
TOTAL CURRENT ASSETS
28,928,045
11,403,625
RESTRICTED ASSETS
BOND RESERVE FUND
1,779,016
0
EMERGENCY RESERVE FUND
2,866,473
1,345,059
UNRESTRICTED RESERVE FUND
0
0
TOTAL RESTRICTED ASSETS
4,645,489
1,345,059
FIXED ASSETS
PRODUCTION
788,761
14,931,054
LEG PROJECT
3,851,442
0
TRANSMISSION
2,305,024
0
DISTRIBUTION
45,784,048
25,751,342
GENERAL
11,953,834
1,081,462
FIXED ASSETS (COST)
64,683,109
41,763,858
LESS ACCUMULATED DEPRECIATION
(35,343,076)
(21,819,309)
TOTAL FIXED ASSETS, NET
29,340,034
19,944,549
INTANGIBLE ASSETS
POWER AGENCY MEMBERSHIP BUY -IN
21,546,212
0
LOSS OF REVENUE INTANGIBLE
4,349,653
0
LESS ACCUMULATED AMORTIZATION
(2,671,390)
0
TOTAL INTANGIBLE ASSETS, NET
23,224,475
0
OTHER ASSETS AND DEFERRED OUTFLOWS
1,431,143
266,964
TOTAL ASSETS
87,569,185
32,960,197
LIABILITIES AND FUND EQUITY
CURRENT LIABILITIES
ACCOUNTS PAYABLE
5,267,999
557,514
SALARIES AND BENEFITS PAYABLE
548,359
129,885
DUE TO CITY
880,559
4,911
DUE TO OTHER FUNDS
0
0
NOTES PAYABLE -CURRENT PORTION
52,281
0
BONDS PAYABLE -CURRENT PORTION
0
0
UNEARNED REVENUE
2,597
178,499
TOTAL CURRENT LIABILITIES
6,751,795
870,808
LONG TERM LIABILITIES
OPEB LIABILITY
0
0
LEG PROJECT
0
0
DUE TO COUNTY
0
0
DUE TO CITY
90,720
22,680
BONDS PAYABLE, LESS CURRENT PORTION
30,205,090
1,690,259
PENSION LIABILITIES
1,978,758
369,988
TOTAL LONG TERM LIABILITIES
32,274,568
2,082,927
TOTAL LIABILITIES
39,026,363
2,953,735
DEFERRED INFLOWS OF RESOURCES
1,818,303
339,354
FUND EQUITY
CAPITAL ACCOUNT CONST COST
1,779,016
0
CONTRIBUTED CAPITAL
0
0
RETAINED EARNINGS
45,088,631
28,234,009
NET INCOME (LOSS) (THROUGH PREVIOUS MONTH)
(143,127)
1,433,098
TOTAL FUND EQUITY
46,724,519
29,667,107
TOTAL LIABILITIES & FUND EQUITY
87,569,185
32,960,197