5.1c EMRUSR 10-08-2024ELK RIVER MUNICIPAL UTILITIES
ELK RIVER, MINNESOTA
WATER BALANCE SHEET
Current Month
Change from
August 31, 2024
July 31, 2024
Prior Month
ASSETS
CURRENT ASSETS
CASH
5,438,922
5,401,639
37,283
ACCOUNTS RECEIVABLE
5,486,738
5,372,529
114,209
INVENTORIES
56,166
59,219
(3,053)
PREPAID ITEMS
56,151
60,967
(4,816)
CONSTRUCTION IN PROGRESS
3,105,514
3,014,520
90,993
TOTAL CURRENT ASSETS
14,143,490
13,909,874
234,616
RESTRICTED ASSETS
EMERGENCY RESERVE FUND
4,197,165
4,190,541
6,624
TOTAL RESTRICTED ASSETS
4,197,165
4,190,541
6,624
FIXED ASSETS
PRODUCTION
17,050,836
17,050,836
0
DISTRIBUTION
28,138,612
28,135,913
2,699
GENERAL
1,242,733
1,241,173
1,560
FIXED ASSETS (COST)
46,432,181
46,427,922
4,259
LESS ACCUMULATED DEPRECIATION
(24,075,450)
(23,974,927)
(100,522)
TOTAL FIXED ASSETS, NET
22,356,731
22,452,994
(96,263)
INTANGIBLE ASSETS
OTHER ASSETS AND DEFERRED OUTFLOWS
126,311
126,311
0
TOTAL ASSETS
40,823,698
40,678,721
144,976
LIABILITIES AND FUND EQUITY
CURRENT LIABILITIES
ACCOUNTS PAYABLE
356,759
383,371
(26,612)
SALARIES AND BENEFITS PAYABLE
100,315
121,644
(21,328)
DUE TO CITY
1,313
4,846
(3,533)
BONDS PAYABLE -CURRENT PORTION
0
60,000
(60,000)
UNEARNED REVENUE
334,127
334,127
0
TOTAL CURRENT LIABILITIES
792,514
903,988
(111,474)
LONG TERM LIABILITIES
BONDS PAYABLE, LESS CURRENT PORTION
1,557,512
1,559,066
(554)
PENSION LIABILITIES
500,450
500,450
0
TOTAL LONG TERM LIABILITIES
2,057,962
2,059,516
(554)
TOTAL LIABILITIES
2,850,475
2,962,503
(112,028)
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)
(84,775)
(341,779)
257,005
TOTAL FUND EQUITY
33,035,238
32,779,234
257,005
TOTAL LIABILITIES & FUND EQUITY
40,823,698
40,678,721
144,976
43