5.1c ERMU 12-12-2023ELK RIVER MUNICIPAL UTILITIES
ELK RIVER, MINNESOTA
WATER BALANCE SHEET
Current Month
Change from
October 31, 2023
September 30, 2023
Prior Month
ASSETS
CURRENT ASSETS
CASH
9,722,565
9,490,824
231,741
ACCOUNTS RECEIVABLE
5,617,495
5,802,528
(185,034)
INVENTORIES
13,222
15,383
(2,161)
PREPAID ITEMS
54,335
44,230
10,105
CONSTRUCTION IN PROGRESS
1,387,698
1,117,125
270,573
TOTAL CURRENT ASSETS
16,795,314
16,470,090
325,225
RESTRICTED ASSETS
EMERGENCY RESERVE FUND
1,364,213
1,362,273
1,940
TOTAL RESTRICTED ASSETS
1,364,213
1,362,273
1,940
FIXED ASSETS
PRODUCTION
16,525,311
16,525,311
0
DISTRIBUTION
26,858,844
26,858,844
0
GENERAL
1,204,196
1,199,663
4,533
FIXED ASSETS (COST)
44,588,350
44,583,817
4,533
LESS ACCUMULATED DEPRECIATION
(23,069,785)
(22,972,246)
(97,539)
TOTAL FIXED ASSETS, NET
21,518,566
21,611,571
(93,006)
INTANGIBLE ASSETS
OTHER ASSETS AND DEFERRED OUTFLOWS
226,587
226,587
0
TOTAL ASSETS
39,904,680
39,670,521
234,159
LIABILITIES AND FUND EQUITY
CURRENT LIABILITIES
ACCOUNTS PAYABLE
438,705
382,337
56,368
SALARIES AND BENEFITS PAYABLE
127,906
120,149
7,757
DUE TO CITY
2,993
2,141
851
UNEARNED REVENUE
438,961
407,124
31,836
TOTAL CURRENT LIABILITIES
1,008,564
911,752
96,812
LONG TERM LIABILITIES
BONDS PAYABLE, LESS CURRENT PORTION
1,623,054
1,623,608
(554)
PENSION LIABILITIES
725,038
725,038
0
TOTAL LONG TERM LIABILITIES
2,348,092
2,348,646
(554)
TOTAL LIABILITIES
3,356,656
3,260,398
96,258
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)
538,787
400,886
137,901
TOTAL FUND EQUITY
31,426,193
31,288,292
137,901
TOTAL LIABILITIES & FUND EQUITY
39,904,680
39,670,521
234,159
79