5.01c EMRUSR 11-12-2024ELK RIVER MUNICIPAL UTILITIES
ELK RIVER, MINNESOTA
WATER BALANCE SHEET
Current Month
Change from
September 30, 2024
August 31, 2024
Prior Month
ASSETS
CURRENT ASSETS
CASH
5,638,588
5,438,922
199,666
ACCOUNTS RECEIVABLE
5,501,346
5,486,738
14,607
INVENTORIES
69,218
56,166
13,052
PREPAID ITEMS
48,498
56,151
(7,652)
CONSTRUCTION IN PROGRESS
3,165,245
3,105,514
59,731
TOTAL CURRENT ASSETS
14,422,895
14,143,490
279,405
RESTRICTED ASSETS
EMERGENCY RESERVE FUND
4,205,227
4,197,165
8,062
TOTAL RESTRICTED ASSETS
4,205,227
4,197,165
8,062
FIXED ASSETS
PRODUCTION
17,050,836
17,050,836
0
DISTRIBUTION
28,138,612
28,138,612
0
GENERAL
1,242,733
1,242,733
0
FIXED ASSETS (COST)
46,432,181
46,432,181
0
LESS ACCUMULATED DEPRECIATION
(24,175,552)
(24,075,450)
(100,102)
TOTAL FIXED ASSETS, NET
22,256,629
22,356,731
(100,102)
INTANGIBLE ASSETS
OTHER ASSETS AND DEFERRED OUTFLOWS
126,311
126,311
0
TOTAL ASSETS
41,011,062
40,823,698
187,365
LIABILITIES AND FUND EQUITY
CURRENT LIABILITIES
ACCOUNTS PAYABLE
326,604
356,759
(30,154)
SALARIES AND BENEFITS PAYABLE
113,089
100,315
12,773
DUE TO CITY
2,871
1,313
1,558
UNEARNED REVENUE
422,941
334,127
88,815
TOTAL CURRENT LIABILITIES
865,506
792,514
72,992
LONG TERM LIABILITIES
BONDS PAYABLE, LESS CURRENT PORTION
1,556,957
1,557,512
(554)
PENSION LIABILITIES
500,450
500,450
0
TOTAL LONG TERM LIABILITIES
2,057,407
2,057,962
(554)
TOTAL LIABILITIES
2,922,913
2,850,475
72,438
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)
30,153
(84,775)
114,927
TOTAL FUND EQUITY
33,150,166
33,035,238
114,927
TOTAL LIABILITIES & FUND EQUITY
41,011,062
40,823,698
187,365
75