5.1b EMRUSR 10-08-2024ELK RIVER MUNICIPAL UTILITIES
ELK RIVER, MINNESOTA
ELECTRIC BALANCE SHEET
Current Month
Change from
August 31, 2024
July 31, 2024
Prior Month
ASSETS
CURRENT ASSETS
CASH
4,815,497
6,487,770
(1,672,273)
ACCOUNTS RECEIVABLE
3,981,775
2,504,184
1,477,591
INVENTORIES
1,301,600
1,262,622
38,978
PREPAID ITEMS
232,178
265,464
(33,286)
CONSTRUCTION IN PROGRESS
2,150,374
2,054,890
95,484
TOTAL CURRENT ASSETS
12,481,423
12,574,929
(93,506)
RESTRICTED ASSETS
BOND RESERVE FUND
1,779,016
1,779,016
0
EMERGENCY RESERVE FUND
7,274,898
7,248,402
26,496
TOTAL RESTRICTED ASSETS
9,053,914
9,027,418
26,496
FIXED ASSETS
PRODUCTION
824,065
824,065
0
TRANSMISSION
2,305,024
2,305,024
0
DISTRIBUTION
50,349,261
50,011,394
337,867
GENERAL
24,629,229
24,618,312
10,917
FIXED ASSETS (COST)
78,107,579
77,759,795
349,784
LESS ACCUMULATED DEPRECIATION
(35,995,185)
(35,775,528)
(219,657)
TOTAL FIXED ASSETS, NET
42,112,394
41,983,267
129,127
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
(3,951,982)
(3,896,305)
(55,678)
TOTAL INTANGIBLE ASSETS, NET
23,817,508
23,873,186
(55,678)
OTHER ASSETS AND DEFERRED OUTFLOWS
690,058
690,058
0
TOTAL ASSETS
88,155,298
88,148,859
6,439
LIABILITIES AND FUND EQUITY
CURRENT LIABILITIES
ACCOUNTS PAYABLE
5,321,957
5,408,020
(86,062)
SALARIES AND BENEFITS PAYABLE
690,051
759,687
(68,636)
DUE TO CITY
810,977
939,669
(128,693)
BONDS PAYABLE -CURRENT PORTION
0
460,000
(460,000)
UNEARNED REVENUE
7,990
9,988
(1,998)
TOTAL CURRENT LIABILITIES
6,830,975
7,576,363
(745,389)
LONG TERM LIABILITIES
BONDS PAYABLE, LESS CURRENT PORTION
28,220,354
28,225,342
(4,989)
PENSION LIABILITIES
2,720,477
2,720,477
0
TOTAL LONG TERM LIABILITIES
30,940,831
30,945,819
(4,989)
TOTAL LIABILITIES
37,771,805
38,522,183
(750,377)
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)
965,446
208,630
756,816
TOTAL FUND EQUITY
49,546,679
48,789,863
756,816
TOTAL LIABILITIES & FUND EQUITY
88,155,298
88,148,859
6,439
42