5.2b EMRUSR 08-13-2024ELK RIVER MUNICIPAL UTILITIES
ELK RIVER, MINNESOTA
ELECTRIC BALANCE SHEET
Current Month
Change from
June 30, 2024
May 31, 2024
Prior Month
ASSETS
CURRENT ASSETS
CASH
5,693,124
5,771,470
(78,345)
ACCOUNTS RECEIVABLE
3,097,224
2,730,688
366,536
INVENTORIES
1,360,708
1,392,685
(31,978)
PREPAID ITEMS
260,807
225,759
35,047
CONSTRUCTION IN PROGRESS
1,868,621
1,536,682
331,939
TOTAL CURRENT ASSETS
12,280,483
11,657,284
623,199
RESTRICTED ASSETS
BOND RESERVE FUND
1,779,016
1,779,016
0
EMERGENCY RESERVE FUND
7,221,903
7,191,602
30,301
TOTAL RESTRICTED ASSETS
9,000,919
8,970,618
30,301
FIXED ASSETS
PRODUCTION
824,065
824,065
0
TRANSMISSION
2,305,024
2,305,024
0
DISTRIBUTION
49,758,323
49,617,387
140,936
GENERAL
24,593,356
24,532,672
60,683
FIXED ASSETS (COST)
77,480,767
77,279,148
201,619
LESS ACCUMULATED DEPRECIATION
(35,556,157)
(35,336,734)
(219,423)
TOTAL FIXED ASSETS, NET
41,924,610
41,942,414
(17,804)
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
(3,840,627)
(3,784,949)
(55,678)
TOTAL INTANGIBLE ASSETS, NET
23,928,864
23,984,542
(55,678)
OTHER ASSETS AND DEFERRED OUTFLOWS
690,058
690,058
0
TOTAL ASSETS
87,824,935
87,244,916
580,018
LIABILITIES AND FUND EQUITY
CURRENT LIABILITIES
ACCOUNTS PAYABLE
4,880,911
4,381,401
499,510
SALARIES AND BENEFITS PAYABLE
716,517
696,406
20,111
DUE TO CITY
863,890
759,180
104,710
BONDS PAYABLE -CURRENT PORTION
460,000
460,000
0
UNEARNED REVENUE
11,985
13,982
(1,998)
TOTAL CURRENT LTABILTTIES
6,933,303
6,310,970
622,333
LONG TERM LIABILITIES
BONDS PAYABLE, LESS CURRENT PORTION
28,230,331
28,235,319
(4,989)
PENSION LIABILITIES
2,720,477
2,720,477
0
TOTAL LONG TERM LIABILITIES
30,950,808
30,955,796
(4,989)
TOTAL LIABILITIES
37,884,111
37,266,766
617,345
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)
522,778
560,104
(37,326)
TOTAL FUND EQUITY
49,104,011
49,141,337
(37,326)
TOTAL LIABILITIES & FUND EQUITY
87,824,935
87,244,916
580,018
63