5.2c EMRUSR 08-13-2024ELK RIVER MUNICIPAL UTILITIES
ELK RIVER, MINNESOTA
WATER BALANCE SHEET
Current Month
Change from
June 30, 2024
May 31, 2024
Prior Month
ASSETS
CURRENT ASSETS
CASH
5,528,296
5,450,338
77,958
ACCOUNTS RECEIVABLE
5,377,576
5,328,022
49,554
INVENTORIES
11,722
12,089
(367)
PREPAID ITEMS
60,132
52,015
8,118
CONSTRUCTION IN PROGRESS
2,953,209
2,788,214
164,995
TOTAL CURRENT ASSETS
13,930,936
13,630,678
300,257
RESTRICTED ASSETS
EMERGENCY RESERVE FUND
4,183,917
4,176,341
7,575
TOTAL RESTRICTED ASSETS
4,183,917
4,176,341
7,575
FIXED ASSETS
PRODUCTION
17,048,464
16,874,001
174,462
DISTRIBUTION
28,135,913
28,135,913
0
GENERAL
1,239,085
1,239,085
0
FIXED ASSETS (COST)
46,423,462
46,249,000
174,462
LESS ACCUMULATED DEPRECIATION
(23,873,914)
(23,772,242)
(101,672)
TOTAL FIXED ASSETS, NET
22,549,548
22,476,757
72,790
INTANGIBLE ASSETS
OTHER ASSETS AND DEFERRED OUTFLOWS
126,311
126,311
0
TOTAL ASSETS
40,790,711
40,410,088
380,623
LIABILITIES AND FUND EQUITY
CURRENT LIABILITIES
ACCOUNTS PAYABLE
519,735
340,926
178,810
SALARIES AND BENEFITS PAYABLE
113,815
108,572
5,243
DUE TO CITY
5,111
1,113
3,998
BONDS PAYABLE -CURRENT PORTION
60,000
60,000
0
UNEARNED REVENUE
334,127
181,455
152,672
TOTAL CURRENT LIABILITIES
1,032,788
692,065
340,724
LONG TERM LIABILITIES
BONDS PAYABLE, LESS CURRENT PORTION
1,558,620
1,559,174
(554)
PENSION LIABILITIES
500,450
500,450
0
TOTAL LONG TERM LIABILITIES
2,059,070
2,059,624
(554)
TOTAL LIABILITIES
3,091,858
2,751,689
340,169
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)
(359,144)
(399,598)
40,454
TOTAL FUND EQUITY
32,760,869
32,720,415
40,454
TOTAL LIABILITIES & FUND EQUITY
40,790,711
40,410,088
380,623