5.1c EMRUSR 09-10-2024ELK RIVER MUNICIPAL UTILITIES
ELK RIVER, MINNESOTA
WATER BALANCE SHEET
Current Month
Change from
July 31, 2024
June 30, 2024
Prior Month
ASSETS
CURRENT ASSETS
CASH
5,401,639
5,528,296
(126,657)
ACCOUNTS RECEIVABLE
5,372,529
5,377,576
(5,047)
INVENTORIES
59,219
11,722
47,497
PREPAID ITEMS
60,967
60,132
835
CONSTRUCTION IN PROGRESS
3,014,520
2,953,209
61,311
TOTAL CURRENT ASSETS
13,908,874
13,930,936
(22,061)
RESTRICTED ASSETS
EMERGENCY RESERVE FUND
4,190,541
4,183,917
6,625
TOTAL RESTRICTED ASSETS
4,190,541
4,183,917
6,625
FIXED ASSETS
PRODUCTION
17,050,836
17,048,464
2,372
DISTRIBUTION
28,135,913
28,135,913
0
GENERAL
1,241,173
1,239,085
2,088
FIXED ASSETS (COST)
46,427,922
46,423,462
4,460
LESS ACCUMULATED DEPRECIATION
(23,974,927)
(23,873,914)
(101,013)
TOTAL FIXED ASSETS, NET
22,452,994
22,549,548
(96,553)
INTANGIBLE ASSETS
OTHER ASSETS AND DEFERRED OUTFLOWS
126,311
126,311
0
TOTAL ASSETS
40,678,721
40,790,711
(111,990)
LIABILITIES AND FUND EQUITY
CURRENT LIABILITIES
ACCOUNTS PAYABLE
383,371
519,735
(136,364)
SALARIES AND BENEFITS PAYABLE
121,644
113,815
7,829
DUE TO CITY
4,846
5,111
(265)
BONDS PAYABLE -CURRENT PORTION
60,000
60,000
0
UNEARNED REVENUE
334,127
334,127
0
TOTAL CURRENT LIABILITIES
903,988
1,032,788
(128,801)
LONG TERM LIABILITIES
BONDS PAYABLE, LESS CURRENT PORTION
1,558,066
1,559,620
(554)
PENSION LIABILITIES
500,450
500,450
0
TOTAL LONG TERM LIABILITIES
2,058,516
2,059,070
(554)
TOTAL LIABILITIES
2,962,503
3,091,858
(129,355)
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)
(341,779)
(359,144)
17,365
TOTAL FUND EQUITY
32,778,234
32,760,869
17,365
TOTAL LIABILITIES & FUND EQUITY
40,678,721
40,790,711
(111,990)