5.1c ERMUSR 04-11-2023ELK RIVER MUNICIPAL UTILITIES
ELK RIVER, MINNESOTA
WATER BALANCE SHEET
Current Month
Change from
February 28, 2023
January 31, 2023
Prior Month
ASSETS
CURRENT ASSETS
CASH
8,662,626
8,751,940
(89,314)
ACCOUNTS RECEIVABLE
5,718,356
5,681,543
36,813
INVENTORIES
29,929
27,424
2,506
PREPAID ITEMS
56,229
54,852
1,377
CONSTRUCTION IN PROGRESS
956,617
942,826
13,791
TOTAL CURRENT ASSETS
15,423,756
15,458,584
(34,828)
RESTRICTED ASSETS
EMERGENCY RESERVE FUND
1,354,860
1,354,133
727
TOTAL RESTRICTED ASSETS
1,354,860
1,354,133
727
FIXED ASSETS
PRODUCTION
16,510,965
16,510,965
0
DISTRIBUTION
26,724,925
26,724,925
0
GENERAL
1,125,849
1,124,475
1,374
FIXED ASSETS (COST)
44,361,739
44,360,365
1,374
LESS ACCUMULATED DEPRECIATION
(22,302,248)
(22,204,868)
(97,380)
TOTAL FIXED ASSETS, NET
22,059,491
22,155,496
(96,006)
INTANGIBLE ASSETS
OTHER ASSETS AND DEFERRED OUTFLOWS
226,587
226,587
0
TOTAL ASSETS
39,064,695
39,194,801
(130,106)
LIABILITIES AND FUND EQUITY
CURRENT LIABILITIES
ACCOUNTS PAYABLE
535,406
557,713
(22,307)
SALARIES AND BENEFITS PAYABLE
153,042
152,402
640
DUE TO CITY
30,421
53,742
(23,321)
BONDS PAYABLE -CURRENT PORTION
60,000
60,000
0
UNEARNED REVENUE
174,926
174,926
0
TOTAL CURRENT LIABILITIES
953,794
998,782
(44,988)
LONG TERM LIABILITIES
BONDS PAYABLE, LESS CURRENT PORTION
1,627,488
1,628,042
(554)
PENSION LIABILITIES
725,038
725,038
0
TOTAL LONG TERM LIABILITIES
2,352,526
2,353,080
(554)
TOTAL LIABILITIES
3,306,320
3,351,862
(45,542)
DEFERRED INFLOWS OF RESOURCES
5,121,831
5,121,831
0
FUND EQUITY
RETAINED EARNINGS
30,887,406
30,887,406
0
NET INCOME (LOSS) (THROUGH PREVIOUS MONTH)
(250,863)
(166,299)
(84,564)
TOTAL FUND EQUITY
30,636,543
30,721,108
(84,564)
TOTAL LIABILITIES & FUND EQUITY
39,064,695
39,194,801
(130,106)
162