5.1c ERMUSR 01-10-2023ELK RIVER MUNICIPAL UTILITIES
ELK RIVER, MINNESOTA
WATER BALANCE SHEET
Current Month
Change from
November 30, 2022
October 31, 2022
Prior Month
ASSETS
CURRENT ASSETS
CASH
10,287,364
10,193,814
93,551
ACCOUNTS RECEIVABLE
514,788
376,660
138,129
INVENTORIES
29,463
24,598
4,865
PREPAID ITEMS
51,580
52,284
(704)
CONSTRUCTION IN PROGRESS
966,592
966,397
195
TOTAL CURRENT ASSETS
11,849,788
11,613,753
236,035
RESTRICTED ASSETS
EMERGENCY RESERVE FUND
1,346,524
1,346,255
269
TOTAL RESTRICTED ASSETS
1,346,524
1,346,255
269
FIXED ASSETS
PRODUCTION
14,962,754
14,962,754
0
DISTRIBUTION
25,751,342
25,751,342
0
GENERAL
1,081,462
1,081,462
0
FIXED ASSETS (COST)
41,795,558
41,795,558
0
LESS ACCUMULATED DEPRECIATION
(22,003,222)
(21,911,266)
(91,957)
TOTAL FIXED ASSETS, NET
19,792,335
19,884,292
(91,957)
INTANGIBLE ASSETS
OTHER ASSETS AND DEFERRED OUTFLOWS
266,964
266,964
0
TOTAL ASSETS
33,255,611
33,111,265
144,347
LIABILITIES AND FUND EQUITY
CURRENT LIABILITIES
ACCOUNTS PAYABLE
561,107
582,997
(21,890)
SALARIES AND BENEFITS PAYABLE
143,795
134,059
9,737
DUE TO CITY
2,198
2,930
(732)
UNEARNED REVENUE
161,214
185,463
(24,248)
TOTAL CURRENT LIABILITIES
868,315
905,448
(37,133)
LONG TERM LIABILITIES
DUE TO CITY
22,680
22,680
0
BONDS PAYABLE, LESS CURRENT PORTION
1,689,151
1,689,705
(554)
PENSION LIABILITIES
369,988
369,988
0
TOTAL LONG TERM LIABILITIES
2,081,819
2,082,373
(554)
TOTAL LIABILITIES
2,950,133
2,987,821
(37,688)
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)
1,732,115
1,550,080
182,034
TOTAL FUND EQUITY
29,966,124
29,784,090
182,034
TOTAL LIABILITIES & FUND EQUITY
33,255,611
33,111,265
144,347