5.01b EMRUSR 11-12-2024ELK RIVER MUNICIPAL UTILITIES
ELK RIVER, MINNESOTA
ELECTRIC BALANCE SHEET
Current Month
Change from
September 30, 2024
August 31, 2024
Prior Month
ASSETS
CURRENT ASSETS
CASH
5,819,975
4,815,497
1,004,478
ACCOUNTS RECEIVABLE
3,394,606
3,981,775
(587,169)
INVENTORIES
1,347,190
1,301,600
45,590
PREPAID ITEMS
198,444
232,178
(33,734)
CONSTRUCTION IN PROGRESS
2,397,675
2,150,374
247,302
TOTAL CURRENT ASSETS
13,157,889
12,481,423
676,466
RESTRICTED ASSETS
BOND RESERVE FUND
1,779,016
1,779,016
0
EMERGENCY RESERVE FUND
7,307,146
7,274,898
32,248
TOTAL RESTRICTED ASSETS
9,086,162
9,053,914
32,248
FIXED ASSETS
PRODUCTION
824,065
824,065
0
TRANSMISSION
2,305,024
2,305,024
0
DISTRIBUTION
50,387,525
50,349,261
38,264
GENERAL
24,602,367
24,629,229
(26,863)
FIXED ASSETS (COST)
78,118,980
78,107,579
11,401
LESS ACCUMULATED DEPRECIATION
(36,187,727)
(35,995,185)
(192,542)
TOTAL FIXED ASSETS, NET
41,931,254
42,112,394
(181,141)
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
(4,007,660)
(3,951,982)
(55,678)
TOTAL INTANGIBLE ASSETS, NET
23,761,830
23,817,508
(55,678)
OTHER ASSETS AND DEFERRED OUTFLOWS
690,058
690,058
0
TOTAL ASSETS
88,627,193
88,155,298
471,895
LIABILITIES AND FUND EQUITY
CURRENT LIABILITIES
ACCOUNTS PAYABLE
5,013,271
5,321,957
(308,686)
SALARIES AND BENEFITS PAYABLE
727,683
690,051
37,632
DUE TO CITY
885,668
810,977
74,691
UNEARNED REVENUE
5,992
7,990
(1,998)
TOTAL CURRENT LIABILITIES
6,632,614
6,830,975
(198,361)
LONG TERM LIABILITIES
BONDS PAYABLE, LESS CURRENT PORTION
28,215,365
28,220,354
(4,989)
PENSION LIABILITIES
2,720,477
2,720,477
0
TOTAL LONG TERM LIABILITIES
30,935,842
30,940,831
(4,989)
TOTAL LIABILITIES
37,568,456
37,771,805
(203,349)
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)
1,640,691
965,446
675,245
TOTAL FUND EQUITY
50,221,924
49,546,679
675,245
TOTAL LIABILITIES & FUND EQUITY
88,627,193
88,155,298
471,895
74