5.1b EMRUSR 01-14-2025ELK RIVER MUNICIPAL UTILITIES
ELK RIVER, MINNESOTA
ELECTRIC BALANCE SHEET
Current Month
Change from
November 30, 2024
October 31, 2024
Prior Month
ASSETS
CURRENT ASSETS
CASH
5,599,803
5,545,428
54,375
ACCOUNTS RECEIVABLE
3,124,603
2,971,160
153,443
INVENTORIES
1,746,242
1,747,109
(867)
PREPAID ITEMS
255,641
230,494
25,146
CONSTRUCTION IN PROGRESS
3,281,158
2,358,140
923,018
TOTAL CURRENT ASSETS
14,007,446
12,852,331
1,155,115
RESTRICTED ASSETS
BOND RESERVE FUND
1,779,016
1,779,016
0
EMERGENCY RESERVE FUND
7,362,685
7,338,990
23,695
TOTAL RESTRICTED ASSETS
9,141,701
9,118,006
23,695
FIXED ASSETS
PRODUCTION
824,065
824,065
0
TRANSMISSION
2,305,024
2,305,024
0
DISTRIBUTION
51,039,597
50,732,650
306,947
GENERAL
24,838,418
24,780,734
57,685
FIXED ASSETS (COST)
79,007,104
78,642,472
364,632
LESS ACCUMULATED DEPRECIATION
(36,629,962)
(36,410,017)
(219,945)
TOTAL FIXED ASSETS, NET
42,377,142
42,232,455
144,688
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
(4,119,016)
(4,063,338)
(55,678)
TOTAL INTANGIBLE ASSETS, NET
23,650,474
23,706,152
(55,678)
OTHER ASSETS AND DEFERRED OUTFLOWS
690,058
690,058
0
TOTAL ASSETS
89,866,821
88,599,002
1,267,819
LIABILITIES AND FUND EQUITY
CURRENT LIABILITIES
ACCOUNTS PAYABLE
4,937,743
4,494,657
443,086
SALARIES AND BENEFITS PAYABLE
805,044
781,952
23,092
DUE TO CITY
757,985
700,485
57,500
UNEARNED REVENUE
1,998
3,995
(1,998)
TOTAL CURRENT LIABILITIES
6,502,769
5,981,089
521,680
LONG TERM LIABILITIES
BONDS PAYABLE, LESS CURRENT PORTION
28,205,388
28,210,377
(4,989)
PENSION LIABILITIES
2,720,477
2,720,477
0
TOTAL LONG TERM LIABILITIES
30,925,865
30,930,854
(4,989)
TOTAL LIABILITIES
37,428,634
36,911,943
516,691
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)
3,020,141
2,269,014
751,128
TOTAL FUND EQUITY
51,601,374
50,850,246
751,128
TOTAL LIABILITIES & FUND EQUITY
89,866,821
88,599,002
1,267,819
55