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COMBINED BALANCE SHEETS
<br />July 2010
<br />ASSETS ELECTRIC WATER
<br />CURRENT ASSETS
<br />CASH & TEMPORARY INVESTMENTS 3,158,449 994,678
<br />ACCOUNTS RECEIVABLE 3,114,339 513,342
<br />INVENTORIES 1,079,266 38,270
<br />PREPAID ITEMS 135,096 22,269
<br />CONSTRUCTION IN PROGRESS 431,585 5,190
<br />TOTAL CURRENT ASSETS 7,918,735 1,573,749
<br />RESTRICTED ASSETS
<br />BOND RESERVE FUND 724,500 -
<br />EMERGENCY RESERVE FUND 1,850,880 1,097,097
<br />UNRESTRICTED RESERVE FUND 125,558 135,493
<br />TOTAL RESTRICTED ASSETS 2,700,938 1,232,590
<br />FIXED ASSETS
<br />PRODUCTION 2,342,564 10,320,740
<br />LFG PROJECT 4,153,941
<br />TRANSMISSION 474,335
<br />DISTRIBUTION 33,346,345 20,664,162
<br />GENERAL 10,492,536 873,013
<br />FIXED ASSETS (COST) 50,809,721 31,857,915
<br />LESS ACCUMULATED DEPRECIATION (23,111,573) (9,570,354)
<br />TOTAL FIXED ASSETS, NET 27,698,148 22,287,561
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<br />OTHER ASSETS 111,175 102,948
<br />TOTAL ASSETS 38,428,996 25,196,847
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<br />LIABILITIES AND FUND EQUITY
<br />CURRENT LIABILITIES
<br />ACCOUNTS PAYABLE 2,586,751 109,705
<br />SALARIES AND BENEFITS PAYABLE 164,440 77,138
<br />DUE TO CITY 110,462
<br />DUE TO OTHER FUNDS
<br />BONDS PAYABLE-CURRENT PORTION 200,000 -
<br />TOTAL CURRENT LIABILITIES 3,061,653 186,843
<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 12,419,471 4,354,343
<br />FUND EQUITY
<br />CAPITAL ACCOUNT CONST COST 724,500
<br />CONTRIBUTED CAPITAL
<br />RETAINED EARNINGS 25,285,025 20,842,504
<br />TOTAL FUND EQUITY 26,009,525 20,842,504
<br />TOTAL LIABILITIES & FUND EQUITY 38,428,997 25,196,847
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