5.1b ERMUSR 02-14-2023ELK RIVER MUNICIPAL UTILITIES
ELK RIVER, MINNESOTA
ELECTRIC BALANCE SHEET
Current Month
Change from
December 31, 2022
November 30, 2022
Prior Month
ASSETS
CURRENT ASSETS
CASH
11,994,192
10,517,616
1,476,576
ACCOUNTS RECEIVABLE
3,719,870
3,840,884
(121,014)
INVENTORIES
1,111,834
1,159,723
(47,888)
PREPAID ITEMS
256,387
242,478
13,909
CONSTRUCTION IN PROGRESS
824,514
13,155,126
(12,330,611)
TOTAL CURRENT ASSETS
17,906,798
28,915,826
(11,009,029)
RESTRICTED ASSETS
BOND RESERVE FUND
1,779,016
1,779,016
0
EMERGENCY RESERVE FUND
2,901,679
2,872,333
29,346
TOTAL RESTRICTED ASSETS
4,680,694
4,651,349
29,346
FIXED ASSETS
PRODUCTION
824,065
788,807
35,258
TRANSMISSION
2,305,024
2,305,024
0
DISTRIBUTION
46,705,080
46,066,818
638,262
GENERAL
22,930,110
12,018,578
10,911,532
FIXED ASSETS (COST)
72,764,279
61,179,227
11,585,052
LESS ACCUMULATED DEPRECIATION
(32,108,672)
(31,899,423)
(209,249)
TOTAL FIXED ASSETS, NET
40,655,607
29,279,804
11,375,803
INTANGIBLE ASSETS
POWER AGENCY MEMBERSHIP BUY -IN
21,546,212
21,546,212
0
LOSS OF REVENUE INTANGIBLE
5,290,120
4,349,653
940,467
LESS ACCUMULATED AMORTIZATION
(2,838,424)
(2,782,746)
(55,678)
TOTAL INTANGIBLE ASSETS, NET
23,997,908
23,113,119
884,789
OTHER ASSETS AND DEFERRED OUTFLOWS
1,431,143
1,431,143
0
TOTAL ASSETS
88,672,150
87,391,240
1,280,910
LIABILITIES AND FUND EQUITY
CURRENT LIABILITIES
ACCOUNTS PAYABLE
5,868,153
4,804,380
1,063,773
SALARIES AND BENEFITS PAYABLE
644,522
615,837
28,685
DUE TO CITY
905,366
722,554
182,812
BONDS PAYABLE -CURRENT PORTION
915,000
0
915,000
UNEARNED REVENUE
0
866
(866)
TOTAL CURRENT LIABILITIES
8,333,042
6,143,636
2,189,405
LONG TERM LIABILITIES
DUE TO CITY
0
90,720
(90,720)
BONDS PAYABLE, LESS CURRENT PORTION
29,275,124
30,195,113
(919,989)
PENSION LIABILITIES
1,978,758
1,978,758
0
TOTAL LONG TERM LIABILITIES
31,253,882
32,264,591
(1,010,709)
TOTAL LIABILITIES
39,586,924
38,408,227
1,178,697
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)
399,277
297,064
102,213
TOTAL FUND EQUITY
47,266,923
47,164,710
102,213
TOTAL LIABILITIES & FUND EQUITY
88,672,150
87,391,240
1,280,910