5.1b ERMU 12-12-2023ELK RIVER MUNICIPAL UTILITIES
ELK RIVER, MINNESOTA
ELECTRIC BALANCE SHEET
Current Month
Change from
October 31, 2023
September 30, 2023
Prior Month
ASSETS
CURRENT ASSETS
CASH
11,372,408
9,832,573
1,539,835
ACCOUNTS RECEIVABLE
2,454,403
4,026,191
(1,571,789)
INVENTORIES
1,112,052
1,185,630
(73,579)
PREPAID ITEMS
260,994
195,997
64,998
CONSTRUCTION IN PROGRESS
2,631,049
2,534,118
96,930
TOTAL CURRENT ASSETS
17,830,905
17,774,510
56,395
RESTRICTED ASSETS
BOND RESERVE FUND
1,779,016
1,779,016
0
EMERGENCY RESERVE FUND
2,943,090
2,935,328
7,762
TOTAL RESTRICTED ASSETS
4,722,105
4,714,343
7,762
FIXED ASSETS
PRODUCTION
824,065
824,065
0
TRANSMISSION
2,305,024
2,305,024
0
DISTRIBUTION
47,950,378
47,610,417
339,961
GENERAL
23,149,360
23,135,471
13,889
FIXED ASSETS (COST)
74,228,827
73,874,977
353,850
LESS ACCUMULATED DEPRECIATION
(34,054,500)
(33,845,383)
(209,117)
TOTAL FIXED ASSETS, NET
40,174,327
40,029,594
144,734
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
(3,395,203)
(3,339,525)
(55,678)
TOTAL INTANGIBLE ASSETS, NET
23,441,129
23,496,807
(55,678)
OTHER ASSETS AND DEFERRED OUTFLOWS
1,187,557
1,187,557
0
TOTAL ASSETS
87,356,023
87,202,810
153,213
LIABILITIES AND FUND EQUITY
CURRENT LIABILITIES
ACCOUNTS PAYABLE
4,352,383
4,858,927
(506,543)
SALARIES AND BENEFITS PAYABLE
582,037
537,540
44,497
DUE TO CITY
930,252
880,932
49,320
UNEARNED REVENUE
146,983
148,981
(1,998)
TOTAL CURRENT LIABILITIES
6,011,656
6,426,380
(414,724)
LONG TERM LIABILITIES
BONDS PAYABLE, LESS CURRENT PORTION
29,225,239
29,230,227
(4,989)
PENSION LIABILITIES
3,789,381
3,789,381
0
TOTAL LONG TERM LIABILITIES
33,014,620
33,019,608
(4,989)
TOTAL LIABILITIES
39,026,276
39,445,988
(419,712)
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)
1,291,657
718,732
572,925
TOTAL FUND EQUITY
48,275,618
47,702,693
572,925
TOTAL LIABILITIES & FUND EQUITY
87,356,023
87,202,810
153,213