5.2c EMRUSR 07-09-2024ELK RIVER MUNICIPAL UTILITIES
ELK RIVER, MINNESOTA
WATER BALANCE SHEET
Current Month
Change from
May 31, 2024
April 30, 2024
Prior Month
ASSETS
CURRENT ASSETS
CASH
5,450,338
8,324,536
(2,874,198)
ACCOUNTS RECEIVABLE
5,328,022
5,280,833
47,189
INVENTORIES
12,089
8,968
3,121
PREPAID ITEMS
52,015
54,951
(2,937)
CONSTRUCTION IN PROGRESS
2,788,214
2,663,495
124,720
TOTAL CURRENT ASSETS
13,630,678
16,332,784
(2,702,105)
RESTRICTED ASSETS
EMERGENCY RESERVE FUND
4,176,341
1,372,818
2,803,524
TOTAL RESTRICTED ASSETS
4,176,341
1,372,818
2,803,524
FIXED ASSETS
PRODUCTION
16,874,001
16,874,001
0
DISTRIBUTION
28,135,913
28,135,913
0
GENERAL
1,239,085
1,234,574
4,511
FIXED ASSETS (COST)
46,249,000
46,244,488
4,511
LESS ACCUMULATED DEPRECIATION
(23,772,242)
(23,671,592)
(100,651)
TOTAL FIXED ASSETS, NET
22,476,757
22,572,896
(96,139)
INTANGIBLE ASSETS
OTHER ASSETS AND DEFERRED OUTFLOWS
126,311
126,311
0
TOTAL ASSETS
40,410,088
40,404,809
5,279
LIABILITIES AND FUND EQUITY
CURRENT LIABILITIES
ACCOUNTS PAYABLE
340,926
249,678
91,248
SALARIES AND BENEFITS PAYABLE
108,572
114,664
(6,092)
DUE TO CITY
1,113
9,290
(8,177)
BONDS PAYABLE -CURRENT PORTION
60,000
60,000
0
UNEARNED REVENUE
181,455
181,455
0
TOTAL CURRENT LIABILITIES
692,065
615,086
76,979
LONG TERM LIABILITIES
BONDS PAYABLE, LESS CURRENT PORTION
1,559,174
1,559,728
(554)
PENSION LIABILITIES
500,450
500,450
0
TOTAL LONG TERM LIABILITIES
2,059,624
2,060,178
(554)
TOTAL LIABILITIES
2,751,689
2,675,265
76,425
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)
(399,598)
(328,453)
(71,145)
TOTAL FUND EQUITY
32,720,415
32,791,560
(71,145)
TOTAL LIABILITIES & FUND EQUITY
40,410,088
40,404,809
5,279