5.1b EMRUSR 02-11-2025ELK RIVER MUNICIPAL UTILITIES
ELK RIVER, MINNESOTA
ELECTRIC BALANCE SHEET
Current Month
Change from
December 31, 2024
November 30, 2024
Prior Month
ASSETS
CURRENT ASSETS
CASH
5,508,725
5,599,803
(91,078)
ACCOUNTS RECEIVABLE
2,162,381
3,124,603
(962,222)
INVENTORIES
1,637,838
1,746,242
(108,403)
PREPAID ITEMS
252,217
255,641
(3,424)
CONSTRUCTION IN PROGRESS
2,263,494
3,281,158
(1,017,663)
TOTAL CURRENT ASSETS
11,824,655
14,007,446
(2,182,791)
RESTRICTED ASSETS
BOND RESERVE FUND
1,779,016
1,779,016
0
EMERGENCY RESERVE FUND
7,393,332
7,362,685
30,647
TOTAL RESTRICTED ASSETS
9,172,348
9,141,701
30,647
FIXED ASSETS
PRODUCTION
824,065
824,065
0
TRANSMISSION
2,305,024
2,305,024
0
DISTRIBUTION
52,617,602
51,039,597
1,578,005
GENERAL
25,401,305
24,838,418
562,886
FIXED ASSETS (COST)
81,147,995
79,007,104
2,140,891
LESS ACCUMULATED DEPRECIATION
(36,852,268)
(36,629,962)
(222,306)
TOTAL FIXED ASSETS, NET
44,295,727
42,377,142
1,918,585
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
(4,174,694)
(4,119,016)
(55,678)
TOTAL INTANGIBLE ASSETS, NET
23,594,796
23,650,474
(55,678)
OTHER ASSETS AND DEFERRED OUTFLOWS
690,058
690,058
0
TOTAL ASSETS
89,577,584
89,866,821
(289,237)
LIABILITIES AND FUND EQUITY
CURRENT LIABILITIES
ACCOUNTS PAYABLE
4,558,327
4,937,743
(379,416)
SALARIES AND BENEFITS PAYABLE
878,182
805,044
73,138
DUE TO CITY
1,027,238
757,985
269,254
DUE TO OTHER FUNDS
(112,881)
0
(112,881)
BONDS PAYABLE -CURRENT PORTION
990,000
0
990,000
UNEARNED REVENUE
4,305
1,998
2,308
TOTAL CURRENT LIABILITIES
7,345,170
6,502,769
842,401
LONG TERM LIABILITIES
BONDS PAYABLE, LESS CURRENT PORTION
27,210,400
28,205,388
(994,989)
PENSION LIABILITIES
2,720,477
2,720,477
0
TOTAL LONG TERM LIABILITIES
29,930,877
30,925,865
(994,989)
TOTAL LIABILITIES
37,276,047
37,428,634
(152,587)
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)
2,883,492
3,020,141
(136,650)
TOTAL FUND EQUITY
51,464,724
51,601,374
(136,650)
TOTAL LIABILITIES & FUND EQUITY
89,577,584
89,866,821
(289,237)
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