5.1b ERMUSR 06-04-2024ELK RIVER MUNICIPAL UTILITIES
ELK RIVER, MINNESOTA
ELECTRIC BALANCE SHEET
Current Month
Change from
April 30, 2024
March 31, 2024
Prior Month
ASSETS
CURRENT ASSETS
CASH
10,528,080
9,669,216
858,865
ACCOUNTS RECEIVABLE
2,042,847
2,715,384
(672,538)
INVENTORIES
1,434,907
1,203,668
231,239
PREPAID ITEMS
244,152
251,673
(7,521)
CONSTRUCTION IN PROGRESS
1,300,146
1,086,598
213,548
TOTAL CURRENT ASSETS
15,550,132
14,926,539
623,593
RESTRICTED ASSETS
BOND RESERVE FUND
1,779,016
1,779,016
0
EMERGENCY RESERVE FUND
2,977,508
2,968,730
8,777
TOTAL RESTRICTED ASSETS
4,756,523
4,747,746
8,777
FIXED ASSETS
PRODUCTION
824,065
824,065
0
TRANSMISSION
2,305,024
2,305,024
0
DISTRIBUTION
49,498,519
49,427,765
70,754
GENERAL
24,522,131
24,501,072
21,059
FIXED ASSETS (COST)
77,149,739
77,057,927
91,812
LESS ACCUMULATED DEPRECIATION
(35,116,690)
(34,896,831)
(219,858)
TOTAL FIXED ASSETS, NET
42,033,049
42,161,095
(128,046)
INTANGIBLE ASSETS
POWER AGENCY MEMBERSHIP BUY -IN
21,546,212
21,546,212
0
LOSS OF REVENUE INTANGIBLE
6,223,278
6,223,278
0
LESS ACCUMULATED AMORTIZATION
(3,729,271)
(3,673,593)
(55,678)
TOTAL INTANGIBLE ASSETS, NET
24,040,220
24,095,898
(55,678)
OTHER ASSETS AND DEFERRED OUTFLOWS
690,058
690,058
0
TOTAL ASSETS
87,069,983
86,621,336
448,646
LIABILITIES AND FUND EQUITY
CURRENT LIABILITIES
ACCOUNTS PAYABLE
4,182,105
3,835,718
346,387
SALARIES AND BENEFITS PAYABLE
741,136
699,864
42,272
DUE TO CITY
938,717
835,632
103,085
BONDS PAYABLE -CURRENT PORTION
460,000
460,000
0
UNEARNED REVENUE
15,980
17,978
(1,998)
TOTAL CURRENT LIABILITIES
6,337,939
5,848,192
489,747
LONG TERM LIABILITIES
BONDS PAYABLE, LESS CURRENT PORTION
28,240,308
28,245,296
(4,989)
PENSION LIABILITIES
2,720,477
2,720,477
0
TOTAL LONG TERM LIABILITIES
30,960,785
30,965,773
(4,989)
TOTAL LIABILITIES
37,298,723
36,813,965
484,758
DEFERRED INFLOWS OF RESOURCES
836,813
836,813
0
FUND EQUITY
CAPITAL ACCOUNT CONST COST
1,779,016
1,779,016
0
RETAINED EARNINGS
46,802,217
46,802,217
0
NET INCOME (LOSS) (THROUGH PREVIOUS MONTH)
353,213
389,325
(36,112)
TOTAL FUND EQUITY
48,934,446
48,970,558
(36,112)
TOTAL LIABILITIES & FUND EQUITY
87,069,983
86,621,336
448,646