5.1a EMRUSR 01-14-2025ELK RIVER MUNICIPAL UTILITIES
ELK RIVER, MINNESOTA
COMBINED BALANCE SHEET
FOR PERIOD ENDING NOVEMBER 2024
ELECTRIC
WATER
ASSETS
CURRENT ASSETS
CASH
5,599,803
5,822,103
ACCOUNTS RECEIVABLE
3,124,603
5,492,763
INVENTORIES
1,746,242
66,147
PREPAID ITEMS
255,641
58,894
CONSTRUCTION IN PROGRESS
3,281,158
3,348,085
TOTAL CURRENT ASSETS
14,007,446
14,787,991
RESTRICTED ASSETS
BOND RESERVE FUND
1,779,016
0
EMERGENCY RESERVE FUND
7,362,685
4,219,152
UNRESTRICTED RESERVE FUND
0
0
TOTAL RESTRICTED ASSETS
9,141,701
4,219,152
FIXED ASSETS
PRODUCTION
824,065
17,087,067
LEG PROJECT
0
0
TRANSMISSION
2,305,024
0
DISTRIBUTION
51,039,597
28,171,542
GENERAL
24,838,418
1,249,095
FIXED ASSETS (COST)
79,007,104
46,507,705
LESS ACCUMULATED DEPRECIATION
(36,629,962)
(24,375,690)
TOTAL FIXED ASSETS, NET
42,377,142
22,132,015
INTANGIBLE ASSETS
POWER AGENCY MEMBERSHIP BUY -IN
21,546,212
0
LOSS OF REVENUE INTANGIBLE
6,223,278
0
LESS ACCUMULATED AMORTIZATION
(4,119,016)
0
TOTAL INTANGIBLE ASSETS, NET
23,650,474
0
OTHER ASSETS AND DEFERRED OUTFLOWS
690,058
126,311
TOTAL ASSETS
89,866,821
41,265,469
LIABILITIES AND FUND EQUITY
CURRENT LIABILITIES
ACCOUNTS PAYABLE
4,937,743
422,358
SALARIES AND BENEFITS PAYABLE
805,044
122,406
DUE TO CITY
757,985
2,250
DUE TO OTHER FUNDS
0
0
NOTES PAYABLE -CURRENT PORTION
0
0
BONDS PAYABLE -CURRENT PORTION
0
0
UNEARNED REVENUE
1,998
455,414
TOTAL CURRENT LIABILITIES
6,502,769
1,002,428
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
28,205,388
1,555,849
PENSION LIABILITIES
2,720,477
500,450
TOTAL LONG TERM LIABILITIES
30,925,865
2,056,299
TOTAL LIABILITIES
37,428,634
3,058,727
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)
3,020,141
148,745
TOTAL FUND EQUITY
51,601,374
33,268,758
TOTAL LIABILITIES & FUND EQUITY
89,866,821
41,265,469
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