5.1b ERMUSR 06-13-2023ELK RIVER MUNICIPAL UTILITIES
ELK RIVER, MINNESOTA
ELECTRIC BALANCE SHEET
Current Month
Change from
April 30, 2023
March 31, 2023
Prior Month
ASSETS
CURRENT ASSETS
CASH
10,775,888
10,924,929
(149,041)
ACCOUNTS RECEIVABLE
2,479,608
2,799,299
(319,691)
INVENTORIES
1,394,117
1,398,553
(4,435)
PREPAID ITEMS
233,160
336,724
(103,564)
CONSTRUCTION IN PROGRESS
1,075,097
1,119,184
(44,087)
TOTAL CURRENT ASSETS
15,957,871
16,578,689
(620,819)
RESTRICTED ASSETS
BOND RESERVE FUND
1,779,016
1,779,016
0
EMERGENCY RESERVE FUND
2,918,876
2,910,942
7,935
TOTAL RESTRICTED ASSETS
4,697,892
4,689,957
7,935
FIXED ASSETS
PRODUCTION
824,065
824,065
0
TRANSMISSION
2,305,024
2,305,024
0
DISTRIBUTION
46,946,016
46,796,693
149,323
GENERAL
23,017,618
22,967,764
49,854
FIXED ASSETS (COST)
73,092,723
72,893,546
199,177
LESS ACCUMULATED DEPRECIATION
(32,939,798)
(32,731,466)
(208,332)
TOTAL FIXED ASSETS, NET
40,152,925
40,162,080
(9,155)
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
(3,061,135)
(3,005,457)
(55,678)
TOTAL INTANGIBLE ASSETS, NET
23,775,196
23,830,874
(55,678)
OTHER ASSETS AND DEFERRED OUTFLOWS
1,187,557
1,187,557
0
TOTAL ASSETS
85,771,441
86,449,158
(677,717)
LIABILITIES AND FUND EQUITY
CURRENT LIABILITIES
ACCOUNTS PAYABLE
3,747,356
4,296,881
(549,525)
SALARIES AND BENEFITS PAYABLE
516,779
582,663
(65,884)
DUE TO CITY
627,596
797,988
(170,391)
BONDS PAYABLE -CURRENT PORTION
435,000
435,000
0
UNEARNED REVENUE
158,968
160,966
(1,998)
TOTAL CURRENT LIABILITIES
5,485,700
6,273,498
(787,798)
LONG TERM LIABILITIES
BONDS PAYABLE, LESS CURRENT PORTION
29,255,170
29,260,159
(4,989)
PENSION LIABILITIES
3,789,381
3,789,381
0
TOTAL LONG TERM LIABILITIES
33,044,551
33,049,540
(4,989)
TOTAL LIABILITIES
38,530,251
39,323,037
(792,786)
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)
203,100
88,031
115,069
TOTAL FUND EQUITY
47,187,061
47,071,992
115,069
TOTAL LIABILITIES & FUND EQUITY
85,771,441
86,449,158
(677,717)
144