5.1b EMRUSR 12-10-2024ELK RIVER MUNICIPAL UTILITIES
ELK RIVER, MINNESOTA
ELECTRIC BALANCE SHEET
Current Month
Change from
October 31, 2024
September 30, 2024
Prior Month
ASSETS
CURRENT ASSETS
CASH
5,545,428
5,819,975
(274,546)
ACCOUNTS RECEIVABLE
2,971,160
3,394,606
(423,446)
INVENTORIES
1,747,109
1,347,190
399,919
PREPAID ITEMS
230,494
198,444
32,051
CONSTRUCTION IN PROGRESS
2,358,140
2,397,675
(39,536)
TOTAL CURRENT ASSETS
12,852,331
13,157,889
(305,558)
RESTRICTED ASSETS
BOND RESERVE FUND
1,779,016
1,779,016
0
EMERGENCY RESERVE FUND
7,338,990
7,307,146
31,844
TOTAL RESTRICTED ASSETS
9,118,006
9,086,162
31,844
FIXED ASSETS
PRODUCTION
824,065
824,065
0
TRANSMISSION
2,305,024
2,305,024
0
DISTRIBUTION
50,732,650
50,387,525
345,125
GENERAL
24,780,734
24,602,367
178,367
FIXED ASSETS (COST)
78,642,472
78,118,980
523,492
LESS ACCUMULATED DEPRECIATION
(36,410,017)
(36,187,727)
(222,291)
TOTAL FIXED ASSETS, NET
42,232,455
41,931,254
301,201
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
(4,063,338)
(4,007,660)
(55,678)
TOTAL INTANGIBLE ASSETS, NET
23,706,152
23,761,830
(55,678)
OTHER ASSETS AND DEFERRED OUTFLOWS
690,058
690,058
0
TOTAL ASSETS
88,599,002
88,627,193
(28,191)
LIABILITIES AND FUND EQUITY
CURRENT LIABILITIES
ACCOUNTS PAYABLE
4,494,657
5,013,271
(518,614)
SALARIES AND BENEFITS PAYABLE
781,952
727,683
54,269
DUE TO CITY
700,485
885,668
(185,183)
UNEARNED REVENUE
3,995
5,992
(1,998)
TOTAL CURRENT LIABILITIES
5,981,089
6,632,614
(651,525)
LONG TERM LIABILITIES
BONDS PAYABLE, LESS CURRENT PORTION
28,210,377
28,215,365
(4,989)
PENSION LIABILITIES
2,720,477
2,720,477
0
TOTAL LONG TERM LIABILITIES
30,930,854
30,935,842
(4,989)
TOTAL LIABILITIES
36,911,943
37,568,456
(656,513)
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)
2,269,014
1,640,691
628,323
TOTAL FUND EQUITY
50,850,246
50,221,924
628,323
TOTAL LIABILITIES & FUND EQUITY
88,599,002
88,627,193
(28,191)