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COMBINED BALANCE SHEETS
<br />August 2010
<br />ASSETS ELECTRIC WATER
<br />CURREN7ASSETS
<br />CASH 8 TEMPORARY INVESTMENTS 2,809,314 1,056,729
<br />ACCOUNTS RECEIVABLE 3,287,082 539,072
<br />INVENTORIES 1,090,941 43,316
<br />PREPAID ITEMS 114,417 17,734
<br />CONSTRUCTION IN PROGRESS 475,254 680
<br />TOTAL CURRENT ASSETS 7,777,008 1,657,531
<br />RESTRICTED ASSETS
<br />BOND RESERVE FUND 724,500 -
<br />EMERGENCY RESERVE FUND 1,851,466 1,097,243
<br />UNRESTRICTED RESERVE FUND 125,558 135,493
<br />TOTAL RESTRICTED ASSETS 2,701,525 1,232,736
<br />FIXED ASSETS
<br />PRODUCTION 2,377,466 10,320,740
<br />LFG PROJECT 4,153,941
<br />TRANSMISSION 474,335
<br />DISTRIBUTION 33,357,354 20,668,171
<br />GENERAL 10,472,306 873,013
<br />FIXED ASSETS (COST) 50,835,402 31,861,924
<br />LESS ACCUMULATED DEPRECIATION (23,267,796) (9,649,852)
<br />TOTAL FIXED ASSETS, NET 27,567,606 22,212,071
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<br />OTHER ASSETS 77,842 93,837
<br />TOTAL ASSETS 38,123,981 25,196,175
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<br />LIABILITIES AND FUND EQUITY
<br />CURRENT LIABILITIES
<br />ACCOUNTS PAYABLE 2,523,078 74,086
<br />SALARIES AND BENEFITS PAYABLE 169,413 78,037
<br />DUE TO CITY 110,363 -
<br />DUE TO OTHER FUNDS - -
<br />BONDS PAYABLE-CURRENT PORTION - -
<br />TOTAL CURRENT LIABILITIES 2,802,794 152,123
<br />LONG TERM LIABILITIES
<br />LFG PROJECT 2,345,318
<br />DUE TO COUNTY -
<br />BONDS PAYABLE, LESS CURRENT PORTION 6,989,569 4,082,392
<br />TOTAL LONG TERM LIABILITIES 9,334,887 4,082,392
<br />TOTAL LIABILITIES 12,137,682 4,234,515
<br />FUND EQUITY
<br />CAPITAL ACCOUNT CONST COST 724,500
<br />CONTRIBUTED CAPITAL
<br />RETAINED EARNINGS 25,261,799 20,961,659
<br />TOTAL FUND EQUITY 25,986,299 20,961,659
<br />TOTAL LIABILITIES 8 FUND EQUITY 38,123,981 25,196,175
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