5.02b ERMUSR 11-14-2023ELK RIVER MUNICIPAL UTILITIES
ELK RIVER, MINNESOTA
ELECTRIC BALANCE SHEET
Current Month
Change from
September 30, 2023
August 31, 2023
Prior Month
ASSETS
CURRENT ASSETS
CASH
9,832,573
11,068,255
(1,235,682)
ACCOUNTS RECEIVABLE
4,026,191
2,720,964
1,305,227
INVENTORIES
1,185,630
1,164,694
20,936
PREPAID ITEMS
195,997
214,256
(18,259)
CONSTRUCTION IN PROGRESS
2,534,118
2,315,878
218,241
TOTAL CURRENT ASSETS
17,774,510
17,484,047
290,463
RESTRICTED ASSETS
BOND RESERVE FUND
1,779,016
1,779,016
0
EMERGENCY RESERVE FUND
2,935,328
2,929,845
5,482
TOTAL RESTRICTED ASSETS
4,714,343
4,708,861
5,482
FIXED ASSETS
PRODUCTION
824,065
824,065
0
TRANSMISSION
2,305,024
2,305,024
0
DISTRIBUTION
47,610,417
47,527,131
83,286
GENERAL
23,135,471
23,176,510
(41,039)
FIXED ASSETS (COST)
73,874,977
73,832,729
42,247
LESS ACCUMULATED DEPRECIATION
(33,845,383)
(33,678,256)
(167,127)
TOTAL FIXED ASSETS, NET
40,029,594
40,154,474
(124,880)
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
(3,339,525)
(3,283,847)
(55,678)
TOTAL INTANGIBLE ASSETS, NET
23,496,807
23,552,484
(55,678)
OTHER ASSETS AND DEFERRED OUTFLOWS
1,187,557
1,187,557
0
TOTAL ASSETS
87,202,810
87,087,423
115,387
LIABILITIES AND FUND EQUITY
CURRENT LIABILITIES
ACCOUNTS PAYABLE
4,858,927
5,619,802
(760,875)
SALARIES AND BENEFITS PAYABLE
537,540
668,166
(130,625)
DUE TO CITY
880,932
773,573
107,359
UNEARNED REVENUE
148,981
150,978
(1,998)
TOTAL CURRENT LIABILITIES
6,426,380
7,212,519
(786,140)
LONG TERM LIABILITIES
BONDS PAYABLE, LESS CURRENT PORTION
29,230,227
29,235,216
(4,989)
PENSION LIABILITIES
3,789,381
3,789,381
0
TOTAL LONG TERM LIABILITIES
33,019,608
33,024,597
(4,989)
TOTAL LIABILITIES
39,445,988
40,237,116
(791,128)
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)
718,732
(187,783)
906,515
TOTAL FUND EQUITY
47,702,693
46,796,178
906,515
TOTAL LIABILITIES & FUND EQUITY
87,202,810
87,087,423
115,387