5.1b EMRUSR 09-10-2024ELK RIVER MUNICIPAL UTILITIES
ELK RIVER, MINNESOTA
ELECTRIC BALANCE SHEET
Current Month
Change from
July 31, 2024
June 30, 2024
Prior Month
ASSETS
CURRENT ASSETS
CASH
6,487,770
5,693,124
794,645
ACCOUNTS RECEIVABLE
2,504,184
3,097,224
(593,040)
INVENTORIES
1,262,622
1,360,708
(98,086)
PREPAID ITEMS
265,464
260,807
4,658
CONSTRUCTION IN PROGRESS
2,054,890
1,868,621
186,269
TOTAL CURRENT ASSETS
12,574,929
12,280,483
294,446
RESTRICTED ASSETS
BOND RESERVE FUND
1,779,016
1,779,016
0
EMERGENCY RESERVE FUND
7,248,402
7,221,903
26,499
TOTAL RESTRICTED ASSETS
9,027,418
9,000,919
26,499
FIXED ASSETS
PRODUCTION
824,065
824,065
0
TRANSMISSION
2,305,024
2,305,024
0
DISTRIBUTION
50,011,394
49,758,323
253,071
GENERAL
24,618,312
24,593,356
24,957
FIXED ASSETS (COST)
77,758,795
77,480,767
279,028
LESS ACCUMULATED DEPRECIATION
(35,775,528)
(35,556,157)
(219,370)
TOTAL FIXED ASSETS, NET
41,983,267
41,924,610
58,657
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
(3,896,305)
(3,840,627)
(55,678)
TOTAL INTANGIBLE ASSETS, NET
23,873,186
23,928,864
(55,678)
OTHER ASSETS AND DEFERRED OUTFLOWS
690,058
690,058
0
TOTAL ASSETS
88,148,859
87,824,935
323,924
LIABILITIES AND FUND EQUITY
CURRENT LIABILITIES
ACCOUNTS PAYABLE
5,408,020
4,880,911
527,109
SALARIES AND BENEFITS PAYABLE
758,687
716,517
42,170
DUE TO CITY
939,669
863,890
75,779
BONDS PAYABLE -CURRENT PORTION
460,000
460,000
0
UNEARNED REVENUE
9,988
11,985
(1,998)
TOTAL CURRENT LIABILITIES
7,576,363
6,933,303
643,060
LONG TERM LIABILITIES
BONDS PAYABLE, LESS CURRENT PORTION
28,225,342
28,230,331
(4,989)
PENSION LIABILITIES
2,720,477
2,720,477
0
TOTAL LONG TERM LIABILITIES
30,945,819
30,950,808
(4,989)
TOTAL LIABILITIES
38,522,183
37,884,111
638,072
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)
208,630
522,778
(314,148)
TOTAL FUND EQUITY
48,789,863
49,104,011
(314,148)
TOTAL LIABILITIES & FUND EQUITY
88,148,859
87,824,935
323,924
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