5.02c ERMUSR 11-14-2023ELK RIVER MUNICIPAL UTILITIES
ELK RIVER, MINNESOTA
WATER BALANCE SHEET
Current Month
Change from
September 30, 2023
August 31, 2023
Prior Month
ASSETS
CURRENT ASSETS
CASH
9,490,824
9,345,049
145,775
ACCOUNTS RECEIVABLE
5,802,528
5,641,386
161,142
INVENTORIES
15,383
19,652
(4,270)
PREPAID ITEMS
44,230
50,640
(6,410)
CONSTRUCTION IN PROGRESS
1,117,125
1,012,714
104,411
TOTAL CURRENT ASSETS
16,470,090
16,069,441
400,649
RESTRICTED ASSETS
EMERGENCY RESERVE FUND
1,362,273
1,360,902
1,371
TOTAL RESTRICTED ASSETS
1,362,273
1,360,902
1,371
FIXED ASSETS
PRODUCTION
16,525,311
16,525,311
0
DISTRIBUTION
26,858,844
26,858,844
0
GENERAL
1,199,663
1,201,398
(1,735)
FIXED ASSETS (COST)
44,583,817
44,585,552
(1,735)
LESS ACCUMULATED DEPRECIATION
(22,972,246)
(22,880,321)
(91,925)
TOTAL FIXED ASSETS, NET
21,611,571
21,705,232
(93,660)
INTANGIBLE ASSETS
OTHER ASSETS AND DEFERRED OUTFLOWS
226,587
226,587
0
TOTAL ASSETS
39,670,521
39,362,162
308,359
LIABILITIES AND FUND EQUITY
CURRENT LIABILITIES
ACCOUNTS PAYABLE
382,337
355,292
27,045
SALARIES AND BENEFITS PAYABLE
120,149
142,034
(21,885)
DUE TO CITY
2,141
1,181
961
UNEARNED REVENUE
407,124
407,124
0
TOTAL CURRENT LIABILITIES
911,752
905,631
6,120
LONG TERM LIABILITIES
BONDS PAYABLE, LESS CURRENT PORTION
1,623,608
1,624,162
(554)
PENSION LIABILITIES
725,038
725,038
0
TOTAL LONG TERM LIABILITIES
2,348,646
2,349,200
(554)
TOTAL LIABILITIES
3,260,398
3,254,832
5,566
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)
400,886
98,093
302,793
TOTAL FUND EQUITY
31,288,292
30,985,499
302,793
TOTAL LIABILITIES & FUND EQUITY
39,670,521
39,362,162
308,359
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