5.1c ERMUSR 05-09-2023ELK RIVER MUNICIPAL UTILITIES
ELK RIVER, MINNESOTA
WATER BALANCE SHEET
Current Month
Change from
March 31, 2023
February 28, 2023
Prior Month
ASSETS
CURRENT ASSETS
CASH
8,381,529
8,662,626
(281,097)
ACCOUNTS RECEIVABLE
5,696,716
5,718,356
(21,640)
INVENTORIES
29,273
29,929
(656)
PREPAID ITEMS
71,603
56,229
15,374
CONSTRUCTION IN PROGRESS
940,617
956,617
(15,999)
TOTAL CURRENT ASSETS
15,119,738
15,423,756
(304,019)
RESTRICTED ASSETS
EMERGENCY RESERVE FUND
1,356,176
1,354,860
1,316
TOTAL RESTRICTED ASSETS
1,356,176
1,354,860
1,316
FIXED ASSETS
PRODUCTION
16,510,965
16,510,965
0
DISTRIBUTION
26,729,422
26,724,925
4,496
GENERAL
1,117,615
1,125,849
(8,234)
FIXED ASSETS (COST)
44,358,051
44,361,739
(3,738)
LESS ACCUMULATED DEPRECIATION
(22,391,401)
(22,302,248)
(89,153)
TOTAL FIXED ASSETS, NET
21,966,600
22,059,491
(92,891)
INTANGIBLE ASSETS
OTHER ASSETS AND DEFERRED OUTFLOWS
226,587
226,587
0
TOTAL ASSETS
38,669,101
39,064,695
(395,594)
LIABILITIES AND FUND EQUITY
CURRENT LIABILITIES
ACCOUNTS PAYABLE
298,718
535,406
(236,688)
SALARIES AND BENEFITS PAYABLE
132,207
153,042
(20,834)
DUE TO CITY
915
30,421
(29,505)
BONDS PAYABLE -CURRENT PORTION
60,000
60,000
0
UNEARNED REVENUE
174,926
174,926
0
TOTAL CURRENT LIABILITIES
666,767
953,794
(287,028)
LONG TERM LIABILITIES
BONDS PAYABLE, LESS CURRENT PORTION
1,626,934
1,627,488
(554)
PENSION LIABILITIES
725,038
725,038
0
TOTAL LONG TERM LIABILITIES
2,351,972
2,352,526
(554)
TOTAL LIABILITIES
3,018,738
3,306,320
(287,582)
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)
(358,874)
(250,863)
(108,012)
TOTAL FUND EQUITY
30,528,532
30,636,543
(108,012)
TOTAL LIABILITIES & FUND EQUITY
38,669,101
39,064,695
(395,594)