5.01a EMRUSR 11-12-2024ELK RIVER MUNICIPAL UTILITIES
ELK RIVER, MINNESOTA
COMBINED BALANCE SHEET
FOR PERIOD ENDING SEPTEMBER 2024
ELECTRIC
WATER
ASSETS
CURRENT ASSETS
CASH
5,819,975
5,638,588
ACCOUNTS RECEIVABLE
3,394,606
5,501,346
INVENTORIES
1,347,190
69,218
PREPAID ITEMS
198,444
48,498
CONSTRUCTION IN PROGRESS
2,397,675
3,165,245
TOTAL CURRENT ASSETS
13,157,889
14,422,895
RESTRICTED ASSETS
BOND RESERVE FUND
1,779,016
0
EMERGENCY RESERVE FUND
7,307,146
4,205,227
UNRESTRICTED RESERVE FUND
0
0
TOTAL RESTRICTED ASSETS
9,086,162
4,205,227
FIXED ASSETS
PRODUCTION
824,065
17,050,836
LEG PROJECT
0
0
TRANSMISSION
2,305,024
0
DISTRIBUTION
50,387,525
28,138,612
GENERAL
24,602,367
1,242,733
FIXED ASSETS (COST)
78,118,980
46,432,181
LESS ACCUMULATED DEPRECIATION
(36,187,727)
(24,175,552)
TOTAL FIXED ASSETS, NET
41,931,254
22,256,629
INTANGIBLE ASSETS
POWER AGENCY MEMBERSHIP BUY -IN
21,546,212
0
LOSS OF REVENUE INTANGIBLE
6,223,278
0
LESS ACCUMULATED AMORTIZATION
(4,007,660)
0
TOTAL INTANGIBLE ASSETS, NET
23,761,830
0
OTHER ASSETS AND DEFERRED OUTFLOWS
690,058
126,311
TOTAL ASSETS
88,627,193
41,011,062
LIABILITIES AND FUND EQUITY
CURRENT LIABILITIES
ACCOUNTS PAYABLE
5,013,271
326,604
SALARIES AND BENEFITS PAYABLE
727,683
113,089
DUE TO CITY
885,668
2,871
DUE TO OTHER FUNDS
0
0
NOTES PAYABLE -CURRENT PORTION
0
0
BONDS PAYABLE -CURRENT PORTION
0
0
UNEARNED REVENUE
5,992
422,941
TOTAL CURRENT LIABILITIES
6,632,614
865,506
LONG TERM LIABILITIES
OPEB LIABILITY
0
0
LEG PROJECT
0
0
DUE TO COUNTY
0
0
DUE TO CITY
0
0
BONDS PAYABLE, LESS CURRENT PORTION
28,215,365
1,556,957
PENSION LIABILITIES
2,720,477
500,450
TOTAL LONG TERM LIABILITIES
30,935,842
2,057,407
TOTAL LIABILITIES
37,568,456
2,922,913
DEFERRED INFLOWS OF RESOURCES
836,813
4,937,984
FUND EQUITY
CAPITAL ACCOUNT CONST COST
1,779,016
0
CONTRIBUTED CAPITAL
0
0
RETAINED EARNINGS
46,802,217
33,120,013
NET INCOME (LOSS) (THROUGH PREVIOUS MONTH)
1,640,691
30,153
TOTAL FUND EQUITY
50,221,924
33,150,166
TOTAL LIABILITIES & FUND EQUITY
88,627,193
41,011,062
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