MINNESOTA RURAL WATER ASSOCIATION
Balance Sheet
Fiscal Year Start:
Jan 1
Assets in 2024 (Year End)
$4,417,238
Cash & Equivalents
73%
Property, Plant, & Equipment (net)
16%
Receivables (Non-Related)
10%
Prepaid Expenses
1%
Related-Party Receivables
0%
Inventories
0%
Investments
0%
Other Assets
0%
Liabilities in 2024 (Year End)
$606,958
Other Liabilities
45%
Deferred Revenue
31%
Payables & Accruals
24%
Grants Payable
0%
Tax-Exempt Bond Liabilities
0%
Custodial & Escrow Liabilities
0%
Notes Payable / Debt (Non-Related)
0%
Related-Party Payables
0%
Assets
2023
2024
Change
Cash & Equivalents
$2,634,808
$3,202,907
+22%
Receivables (Non-Related)
$565,515
$442,164
-22%
Related-Party Receivables
-
-
-
Inventories
-
-
-
Prepaid Expenses
$56,224
$59,701
+6%
Investments
-
-
-
Property, Plant, & Equipment (net)
$487,922
$712,466
+46%
Other Assets
-
-
-
Total Assets
$3,744,469
$4,417,238
+18%
Liabilities
2023
2024
Change
Payables & Accruals
$49,589
$148,128
+199%
Grants Payable
-
-
-
Deferred Revenue
$200,156
$187,783
-6%
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
-
-
-
Related-Party Payables
-
-
-
Other Liabilities
$252,906
$271,047
+7%
Total Liabilities
$502,651
$606,958
+21%
Net assets
2023
2024
Change
Restricted Net Assets
$89,444
$100,814
+13%
Unrestricted Net Assets
$3,152,374
$3,709,466
+18%
Net assets
2023
2024
Change
Net assets
+$3,241,818
+$3,810,280
+18%
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