5.2b EMRUSR 07-09-2024ELK RIVER MUNICIPAL UTILITIES
ELK RIVER, MINNESOTA
ELECTRIC BALANCE SHEET
Current Month
Change from
May 31, 2024
April 30, 2024
Prior Month
ASSETS
CURRENT ASSETS
CASH
5,771,470
10,528,080
(4,756,611)
ACCOUNTS RECEIVABLE
2,730,688
2,042,847
687,841
INVENTORIES
1,392,685
1,434,907
(42,221)
PREPAID ITEMS
225,759
244,152
(18,393)
CONSTRUCTION IN PROGRESS
1,536,682
1,300,146
236,536
TOTAL CURRENT ASSETS
11,657,284
15,550,132
(3,892,848)
RESTRICTED ASSETS
BOND RESERVE FUND
1,779,016
1,779,016
0
EMERGENCY RESERVE FUND
7,191,602
2,977,508
4,214,095
TOTAL RESTRICTED ASSETS
8,970,618
4,756,523
4,214,095
FIXED ASSETS
PRODUCTION
824,065
824,065
0
TRANSMISSION
2,305,024
2,305,024
0
DISTRIBUTION
49,617,387
49,498,519
118,868
GENERAL
24,532,672
24,522,131
10,541
FIXED ASSETS (COST)
77,279,148
77,149,739
129,409
LESS ACCUMULATED DEPRECIATION
(35,336,734)
(35,116,690)
(220,044)
TOTAL FIXED ASSETS, NET
41,942,414
42,033,049
(90,635)
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
(3,784,949)
(3,729,271)
(55,678)
TOTAL INTANGIBLE ASSETS, NET
23,984,542
24,040,220
(55,678)
OTHER ASSETS AND DEFERRED OUTFLOWS
690,058
690,058
0
TOTAL ASSETS
87,244,916
87,069,983
174,934
LIABILITIES AND FUND EQUITY
CURRENT LIABILITIES
ACCOUNTS PAYABLE
4,381,401
4,182,105
199,295
SALARIES AND BENEFITS PAYABLE
696,406
741,136
(44,730)
DUE TO CITY
759,180
939,717
(179,537)
BONDS PAYABLE -CURRENT PORTION
460,000
460,000
0
UNEARNED REVENUE
13,982
15,980
(1,998)
TOTAL CURRENT LIABILITIES
6,310,970
6,337,939
(26,969)
LONG TERM LIABILITIES
BONDS PAYABLE, LESS CURRENT PORTION
28,235,319
28,240,308
(4,989)
PENSION LIABILITIES
2,720,477
2,720,477
0
TOTAL LONG TERM LIABILITIES
30,955,796
30,960,785
(4,989)
TOTAL LIABILITIES
37,266,766
37,298,723
(31,957)
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)
560,104
353,213
206,891
TOTAL FUND EQUITY
49,141,337
48,934,446
206,891
TOTAL LIABILITIES & FUND EQUITY
87,244,916
87,069,983
174,934
145