5.1b ERMUSR 05-09-2023ELK RIVER MUNICIPAL UTILITIES
ELK RIVER, MINNESOTA
ELECTRIC BALANCE SHEET
Current Month
Change from
March 31, 2023
February 28, 2023
Prior Month
ASSETS
CURRENT ASSETS
CASH
10,924,929
9,916,641
1,008,288
ACCOUNTS RECEIVABLE
2,799,299
4,488,337
(1,689,038)
INVENTORIES
1,398,553
1,326,540
72,012
PREPAID ITEMS
336,724
254,381
82,343
CONSTRUCTION IN PROGRESS
1,119,184
938,169
181,015
TOTAL CURRENT ASSETS
16,578,689
16,924,069
(345,380)
RESTRICTED ASSETS
BOND RESERVE FUND
1,779,016
1,779,016
0
EMERGENCY RESERVE FUND
2,910,942
2,905,678
5,263
TOTAL RESTRICTED ASSETS
4,689,957
4,684,694
5,263
FIXED ASSETS
PRODUCTION
824,065
824,065
0
TRANSMISSION
2,305,024
2,305,024
0
DISTRIBUTION
46,796,693
46,763,545
33,147
GENERAL
22,967,764
23,000,701
(32,937)
FIXED ASSETS (COST)
72,893,546
72,893,336
210
LESS ACCUMULATED DEPRECIATION
(32,731,466)
(32,556,302)
(175,164)
TOTAL FIXED ASSETS, NET
40,162,080
40,337,034
(174,954)
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
(3,005,457)
(2,949,780)
(55,678)
TOTAL INTANGIBLE ASSETS, NET
23,830,874
23,886,552
(55,678)
OTHER ASSETS AND DEFERRED OUTFLOWS
1,187,557
1,187,557
0
TOTAL ASSETS
86,449,158
87,019,906
(570,748)
LIABILITIES AND FUND EQUITY
CURRENT LIABILITIES
ACCOUNTS PAYABLE
4,296,881
4,169,822
127,059
SALARIES AND BENEFITS PAYABLE
582,663
656,374
(73,711)
DUE TO CITY
797,988
1,252,449
(454,462)
BONDS PAYABLE -CURRENT PORTION
435,000
435,000
0
UNEARNED REVENUE
160,966
162,963
(1,998)
TOTAL CURRENT LIABILITIES
6,273,498
6,676,609
(403,111)
LONG TERM LIABILITIES
BONDS PAYABLE, LESS CURRENT PORTION
29,260,159
29,265,147
(4,989)
PENSION LIABILITIES
3,789,381
3,789,381
0
TOTAL LONG TERM LIABILITIES
33,049,540
33,054,528
(4,989)
TOTAL LIABILITIES
39,323,037
39,731,137
(408,100)
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)
88,031
250,679
(162,648)
TOTAL FUND EQUITY
47,071,992
47,234,640
(162,648)
TOTAL LIABILITIES & FUND EQUITY
86,449,158
87,019,906
(570,748)
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