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COMBINED BALANCE SHEETS
<br />May 2010
<br />ASSETS ELECTRIC WATER
<br />CURRENT ASSETS
<br />CASH & TEMPORARY INVESTMENTS 3,438,244 761,403
<br />ACCOUNTS RECEIVABLE 2,389,197 303,357
<br />INVENTORIES 1,125,104 42,837
<br />PREPAID ITEMS 128,917 20,974
<br />CONSTRUCTION IN PROGRESS 256,870 4,590
<br />TOTAL CURRENT ASSETS 7,338,333 1,133,161
<br />RESTRICTED ASSETS
<br />BOND RESERVE FUND 724,500 -
<br />EMERGENCY RESERVE FUND 1,834,974 1,093,120
<br />UNRESTRICTED RESERVE FUND 125,558 135,493
<br />TOTAL RESTRICTED ASSETS 2,685,032 1,228,613
<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 20,631,224
<br />GENERAL 10,486,462 871,097
<br />FIXED ASSETS (COST) 50,761,056 31,823,060
<br />LESS ACCUMULATED DEPRECIATION (22,755,227) (9,411,356)
<br />TOTAL FIXED ASSETS, NET 28,005,829 22,411,704
<br />OTHER ASSETS 113,046 104,971
<br />TOTAL ASSETS 38,142,240 24,878,449
<br />LIABILITIES AND FUND EQUITY
<br />CURRENT LIABILITIES
<br />ACCOUNTS PAYABLE 2,727,297 87,866
<br />SALARIES AND BENEFITS PAYABLE 198,772 78,933
<br />DUE TO CITY (119) _
<br />DUE TO OTHER FUNDS _
<br />BONDS PAYABLE-CURRENT PORTION 200,000 -
<br />TOTALCURRENT LIABILITIES 3,125,951 166,799
<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 12,483,769 4,334,299
<br />FUND EQUITY
<br />CAPITAL ACCOUNT CONST COST 724,500
<br />CONTRIBUTED CAPITAL
<br />RETAINED EARNINGS 24,933,971 20,544,150
<br />TOTAL FUND EQUITY 25,658,471 20,544,150
<br />TOTAL LIABILITIES & FUND EQUITY 38,142,240 24,878,449
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