5.1b ERMUSR 04-11-2023ELK RIVER MUNICIPAL UTILITIES
ELK RIVER, MINNESOTA
ELECTRIC BALANCE SHEET
Current Month
Change from
February 28, 2023
January 31, 2023
Prior Month
ASSETS
CURRENT ASSETS
CASH
9,916,641
12,246,486
(2,329,845)
ACCOUNTS RECEIVABLE
4,488,337
3,013,854
1,474,483
INVENTORIES
1,326,540
1,296,333
30,207
PREPAID ITEMS
254,381
285,854
(31,473)
CONSTRUCTION IN PROGRESS
938,169
912,849
25,321
TOTAL CURRENT ASSETS
16,924,069
17,755,375
(831,306)
RESTRICTED ASSETS
BOND RESERVE FUND
1,779,016
1,779,016
0
EMERGENCY RESERVE FUND
2,905,678
2,902,770
2,908
TOTAL RESTRICTED ASSETS
4,684,694
4,681,786
2,908
FIXED ASSETS
PRODUCTION
824,065
824,065
0
TRANSMISSION
2,305,024
2,305,024
0
DISTRIBUTION
46,763,545
46,756,375
7,170
GENERAL
23,000,701
22,995,206
5,496
FIXED ASSETS (COST)
72,893,336
72,880,670
12,666
LESS ACCUMULATED DEPRECIATION
(32,556,302)
(32,348,106)
(208,196)
TOTAL FIXED ASSETS, NET
40,337,034
40,532,564
(195,530)
INTANGIBLE ASSETS
POWER AGENCY MEMBERSHIP BUY -IN
21,546,212
21,546,212
0
LOSS OF REVENUE INTANGIBLE
5,290,120
5,290,120
0
LESS ACCUMULATED AMORTIZATION
(2,949,780)
(2,894,102)
(55,678)
TOTAL INTANGIBLE ASSETS, NET
23,886,552
23,942,230
(55,678)
OTHER ASSETS AND DEFERRED OUTFLOWS
1,187,557
1,187,557
0
TOTAL ASSETS
87,019,906
88,099,512
(1,079,606)
LIABILITIES AND FUND EQUITY
CURRENT LIABILITIES
ACCOUNTS PAYABLE
4,169,822
5,809,581
(1,639,759)
SALARIES AND BENEFITS PAYABLE
656,374
655,512
861
DUE TO CITY
1,252,449
858,676
393,773
BONDS PAYABLE -CURRENT PORTION
435,000
915,000
(480,000)
UNEARNED REVENUE
162,963
21,972
140,991
TOTAL CURRENT LIABILITIES
6,676,609
8,260,742
(1,584,133)
LONG TERM LIABILITIES
BONDS PAYABLE, LESS CURRENT PORTION
29,265,147
29,270,136
(4,989)
PENSION LIABILITIES
3,789,381
3,789,381
0
TOTAL LONG TERM LIABILITIES
33,054,528
33,059,517
(4,989)
TOTAL LIABILITIES
39,731,137
41,320,259
(1,589,122)
DEFERRED INFLOWS OF RESOURCES
54,129
54,129
0
FUND EQUITY
CAPITAL ACCOUNT CONST COST
1,779,016
1,779,016
0
RETAINED EARNINGS
45,204,945
45,204,945
0
NET INCOME (LOSS) (THROUGH PREVIOUS MONTH)
250,679
(258,836)
509,515
TOTAL FUND EQUITY
47,234,640
46,725,125
509,515
TOTAL LIABILITIES & FUND EQUITY
87,019,906
88,099,512
(1,079,606)
161