5.1c ERMUSR 06-04-2024ELK RIVER MUNICIPAL UTILITIES
ELK RIVER, MINNESOTA
WATER BALANCE SHEET
Current Month
Change from
April 30, 2024
March 31, 2024
Prior Month
ASSETS
CURRENT ASSETS
CASH
8,324,536
8,527,567
(203,030)
ACCOUNTS RECEIVABLE
5,280,833
5,315,236
(34,403)
INVENTORIES
8,968
9,191
(223)
PREPAID ITEMS
54,951
56,963
(2,012)
CONSTRUCTION IN PROGRESS
2,663,495
2,675,785
(12,291)
TOTAL CURRENT ASSETS
16,332,784
16,584,742
(251,958)
RESTRICTED ASSETS
EMERGENCY RESERVE FUND
1,372,818
1,370,623
2,194
TOTAL RESTRICTED ASSETS
1,372,818
1,370,623
2,194
FIXED ASSETS
PRODUCTION
16,874,001
16,843,047
30,955
DISTRIBUTION
28,135,913
28,135,913
0
GENERAL
1,234,574
1,224,612
9,962
FIXED ASSETS (COST)
46,244,488
46,203,572
40,916
LESS ACCUMULATED DEPRECIATION
(23,671,592)
(23,571,016)
(100,576)
TOTAL FIXED ASSETS, NET
22,572,896
22,632,556
(59,660)
INTANGIBLE ASSETS
OTHER ASSETS AND DEFERRED OUTFLOWS
126,311
126,311
0
TOTAL ASSETS
40,404,809
40,714,232
(309,423)
LIABILITIES AND FUND EQUITY
CURRENT LIABILITIES
ACCOUNTS PAYABLE
249,678
474,978
(225,300)
SALARIES AND BENEFITS PAYABLE
114,664
105,576
9,087
DUE TO CITY
9,290
1,253
8,036
BONDS PAYABLE -CURRENT PORTION
60,000
60,000
0
UNEARNED REVENUE
181,455
181,455
0
TOTAL CURRENT LIABILITIES
615,086
823,262
(208,176)
LONG TERM LIABILITIES
BONDS PAYABLE, LESS CURRENT PORTION
1,559,728
1,560,283
(554)
PENSION LIABILITIES
500,450
500,450
0
TOTAL LONG TERM LIABILITIES
2,060,178
2,060,733
(554)
TOTAL LIABILITIES
2,675,265
2,883,995
(208,730)
DEFERRED INFLOWS OF RESOURCES
4,937,984
4,937,984
0
FUND EQUITY
RETAINED EARNINGS
33,120,013
33,120,013
0
NET INCOME (LOSS) (THROUGH PREVIOUS MONTH)
(328,453)
(227,760)
(100,693)
TOTAL FUND EQUITY
32,791,560
32,892,253
(100,693)
TOTAL LIABILITIES & FUND EQUITY
40,404,809
40,714,232
(309,423)
67