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COMBINED BALANCE SHEETS
<br />April 2010
<br />ASSETS ELECTRIC WATER
<br />CURRENT ASSETS
<br />CASH & TEMPORARY INVESTMENTS 3,160,880 740,794
<br />ACCOUNTS RECEIVABLE 2,342,467 247,018
<br />INVENTORIES 1,066,951 47,377
<br />PREPAID ITEMS 147,686 23,465
<br />CONSTRUCTION IN PROGRESS 184,962 -
<br />TOTAL CURRENT ASSETS 6,902,945 1,058,654
<br />RESTRICTED ASSETS
<br />BOND RESERVE FUND 724,500
<br />EMERGENCY RESERVE FUND 1,831,732 1,092,310
<br />UNRESTRICTED RESERVE FUND 125,558 135,493
<br />TOTAL RESTRICTED ASSETS 2,681,790 1,227,803
<br />FIXED ASSETS
<br />PRODUCTION 2,342,564 10,320,740
<br />LFG PROJECT 4,153,941
<br />TRANSMISSION 474,335
<br />DISTRIBUTION 33,303,754 20,621,204
<br />GENERAL 10,383,907 871,097
<br />FIXED ASSETS (COST) 50,658,501 31,813,040
<br />LESS ACCUMULATED DEPRECIATION (22,577,054) (9,331,857)
<br />TOTAL FIXED ASSETS, NET 28,081,447 22,481,183
<br />OTHER ASSETS 113,982 105,983
<br />TOTAL ASSETS 37,780,165 24,873,622
<br />LIABILITIES AND FUND EQUITY
<br />CURRENT LIABILITIES
<br />ACCOUNTS PAYABLE 2,390,532 77,356
<br />SALARIES AND BENEFITS PAYABLE 198,980 77,768
<br />DUE TO CITY 171,259 -
<br />DUE TO OTHER FUNDS _
<br />BONDS PAYABLE-CURRENT PORTION 200,000 -
<br />TOTALCURRENT LIABILITIES 2,960,771 155,124
<br />LONG TERM LIABILITIES
<br />LFG PROJECT 2,345,318
<br />DUE TO COUNTY _
<br />BONDS PAYABLE, LESS CURRENT PORTION 7,012,500 4,167,500
<br />TOTAL LONG TERM LIABILITIES 9,357,818 4,167,500
<br />TOTAL LIABILITIES 12,318,589 4,322,624
<br />FUND EQUITY
<br />CAPITAL ACCOUNT CONST COST 724,500
<br />CONTRIBUTED CAPITAL
<br />RETAINED EARNINGS 24,737,076 20,550,998
<br />TOTAL FUND EQUITY 25,461,576 20,550,998
<br />TOTAL LIABILITIES & FUND EQUITY 37,780,165 24,873,622
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