5.1b ERMUSR 01-10-2023ELK RIVER MUNICIPAL UTILITIES
ELK RIVER, MINNESOTA
ELECTRIC BALANCE SHEET
Current Month
Change from
November 30, 2022
October 31, 2022
Prior Month
ASSETS
CURRENT ASSETS
CASH
10,517,616
10,677,649
(160,033)
ACCOUNTS RECEIVABLE
3,840,884
3,802,239
38,644
INVENTORIES
1,159,723
1,210,235
(50,512)
PREPAID ITEMS
242,478
249,079
(6,601)
CONSTRUCTION IN PROGRESS
13,155,126
12,304,449
850,677
TOTAL CURRENT ASSETS
28,915,826
28,243,650
672,176
RESTRICTED ASSETS
BOND RESERVE FUND
1,779,016
1,779,016
0
EMERGENCY RESERVE FUND
2,872,333
2,871,258
1,075
TOTAL RESTRICTED ASSETS
4,651,349
4,650,274
1,075
FIXED ASSETS
PRODUCTION
788,807
788,807
0
LEG PROJECT
0
3,851,442
(3,851,442)
TRANSMISSION
2,305,024
2,305,024
0
DISTRIBUTION
46,066,818
45,972,447
94,371
GENERAL
12,018,578
12,004,715
13,863
FIXED ASSETS (COST)
61,179,227
64,922,435
(3,743,208)
LESS ACCUMULATED DEPRECIATION
(31,899,423)
(35,573,555)
3,674,132
TOTAL FIXED ASSETS, NET
29,279,804
29,348,880
(69,0765
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
(2,782,746)
(2,727,068)
(55,678)
TOTAL INTANGIBLE ASSETS, NET
23,113,119
23,168,797
(55,678)
OTHER ASSETS AND DEFERRED OUTFLOWS
1,431,143
1,431,143
0
TOTAL ASSETS
87,391,240
86,842,744
548,496
LIABILITIES AND FUND EQUITY
CURRENT LIABILITIES
ACCOUNTS PAYABLE
4,804,380
4,155,121
649,259
SALARIES AND BENEFITS PAYABLE
615,837
571,706
44,131
DUE TO CITY
722,554
910,410
(187,856)
UNEARNED REVENUE
866
1,731
(866)
TOTAL CURRENT LIABILITIES
6,143,636
5,638,968
504,668
LONG TERM LIABILITIES
DUE TO CITY
90,720
90,720
0
BONDS PAYABLE, LESS CURRENT PORTION
30,195,113
30,200,101
(4,989)
PENSION LIABILITIES
1,978,758
1,978,758
0
TOTAL LONG TERM LIABILITIES
32,264,591
32,269,579
(4,989)
TOTAL LIABILITIES
38,408,227
37,908,547
499,680
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)
297,064
248,247
48,817
TOTAL FUND EQUITY
47,164,715
47,115,894
48,817
TOTAL LIABILITIES & FUND EQUITY
87,391,240
86,842,744
548,496