5.1a ERMUSR 02-13-2024ELK RIVER MUNICIPAL UTILITIES
ELK RIVER, MINNESOTA
COMBINED BALANCE SHEET
FOR PERIOD ENDING DECEMBER 2023
ELECTRIC
ASSETS
CURRENT ASSETS
CASH
ACCOUNTS RECEIVABLE
INVENTORIES
PREPAID ITEMS
CONSTRUCTION IN PROGRESS
TOTAL CURRENT ASSETS
RESTRICTED ASSETS
BOND RESERVE FUND
EMERGENCY RESERVE FUND
UNRESTRICTED RESERVE FUND
TOTAL RESTRICTED ASSETS
FIXED ASSETS
PRODUCTION
LFG PROJECT
TRANSMISSION
DISTRIBUTION
GENERAL
FIXED ASSETS (COST)
LESS ACCUMULATED DEPRECIATION
TOTAL FIXED ASSETS, NET
INTANGIBLE ASSETS
POWER AGENCY MEMBERSHIP BUY -IN
LOSS OF REVENUE INTANGIBLE
LESS ACCUMULATED AMORTIZATION
TOTAL INTANGIBLE ASSETS, NET
OTHER ASSETS AND DEFERRED OUTFLOWS
TOTAL ASSETS
LIABILITIES AND FUND EQUITY
CURRENT LIABILITIES
ACCOUNTS PAYABLE
SALARIES AND BENEFITS PAYABLE
DUE TO CITY
DUE TO OTHER FUNDS
NOTES PAYABLE -CURRENT PORTION
BONDS PAYABLE -CURRENT PORTION
UNEARNED REVENUE
TOTAL CURRENT LIABILITIES
LONG TERM LIABILITIES
OPEB LIABILITY
LFG PROJECT
DUE TO COUNTY
DUE TO CITY
BONDS PAYABLE, LESS CURRENT PORTION
PENSION LIABILITIES
TOTAL LONG TERM LIABILITIES
TOTAL LIABILITIES
DEFERRED INFLOWS OF RESOURCES
FUND EQUITY
CAPITAL ACCOUNT CONST COST
CONTRIBUTED CAPITAL
RETAINED EARNINGS
NET INCOME (LOSS) (THROUGH PREVIOUS MONTH)
TOTAL FUND EQUITY
TOTAL LIABILITIES & FUND EQUITY
11,898,427
2,373,501
1,048,510
185,599
834,235
16,340,273
1,779,016
2,952,992
0
4,732,007
824,065
0
2,305,024
49,317,397
24,261,526
76,708,012
(34,239,985)
42,468,027
21,546,212
6,223,278
(3,506,559)
24,262,932
1,187,557
88,990,796
5,519,649
651,207
807,459
0
0
955,000
142,988
8,076,304
0
0
0
0
28,260,262
3,789,381
32,049,643
40,125,946
54,129
1,779,016
0
45,204,945
1,826,760
48,810,721
88,990,796
WATER
9,557,628
5,606,512
17,102
35,211
1,476,495
16,692,948
0
1,366,689
0
1,366,689
16,798,616
0
0
26,875,344
1,224,045
44,898,005
(23,266,258)
21,631,746
0
0
0
0
226,587
39,917,970
386,634
139,981
3,095
0
0
60,000
438,961
1,028,671
0
0
0
0
1,561,945
725,038
2,286,983
3,315,654
5,121,831
0
0
30,887,406
593,079
31,480,485
39,917,970
93