5.1c EMRUSR 02-11-2025ELK RIVER MUNICIPAL UTILITIES
ELK RIVER, MINNESOTA
WATER BALANCE SHEET
Current Month
Change from
December 31, 2024
November 30, 2024
Prior Month
ASSETS
CURRENT ASSETS
CASH
5,847,299
5,822,103
25,197
ACCOUNTS RECEIVABLE
5,435,291
5,492,763
(57,472)
INVENTORIES
56,846
66,147
(9,301)
PREPAID ITEMS
56,336
58,894
(2,558)
CONSTRUCTION IN PROGRESS
1,092,947
3,348,085
(2,255,138)
TOTAL CURRENT ASSETS
12,488,719
14,787,991
(2,299,272)
RESTRICTED ASSETS
EMERGENCY RESERVE FUND
4,226,774
4,219,152
7,622
TOTAL RESTRICTED ASSETS
4,226,774
4,219,152
7,622
FIXED ASSETS
PRODUCTION
17,172,651
17,087,067
85,584
DISTRIBUTION
30,354,171
28,171,542
2,182,628
GENERAL
1,553,633
1,249,095
304,538
FIXED ASSETS (COST)
49,080,455
46,507,705
2,572,750
LESS ACCUMULATED DEPRECIATION
(24,489,598)
(24,375,690)
(113,909)
TOTAL FIXED ASSETS, NET
24,590,857
22,132,015
2,458,841
INTANGIBLE ASSETS
OTHER ASSETS AND DEFERRED OUTFLOWS
126,311
126,311
0
TOTAL ASSETS
41,432,660
41,265,469
167,191
LIABILITIES AND FUND EQUITY
CURRENT LIABILITIES
ACCOUNTS PAYABLE
452,009
422,358
29,651
SALARIES AND BENEFITS PAYABLE
129,806
122,406
7,400
DUE TO CITY
149,746
2,250
147,496
DUE TO OTHER FUNDS
112,881
0
112,881
BONDS PAYABLE -CURRENT PORTION
65,000
0
65,000
UNEARNED REVENUE
459,500
455,414
4,086
TOTAL CURRENT LIABILITIES
1,368,942
1,002,428
366,514
LONG TERM LIABILITIES
BONDS PAYABLE, LESS CURRENT PORTION
1,490,295
1,555,849
(65,554)
PENSION LIABILITIES
500,450
500,450
0
TOTAL LONG TERM LIABILITIES
1,990,745
2,056,299
(65,554)
TOTAL LIABILITIES
3,359,687
3,058,727
300,960
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)
14,977
148,745
(133,769)
TOTAL FUND EQUITY
33,134,995
33,268,758
(133,769)
TOTAL LIABILITIES & FUND EQUITY
41,432,660
41,265,469
167,191