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COMBINED BALANCE SHEETS
<br />September 2010
<br />ASSETS ELECTRIC WATER
<br />CURRENT ASSETS
<br />CASH & TEMPORARY INVESTMENTS 2,755,123 1,323,200
<br />ACCOUNTS RECEIVABLE 3,248,341 417,581
<br />INVENTORIES 1,042,620 47,477
<br />PREPAID ITEMS 108,680 18,838
<br />CONSTRUCTION IN PROGRESS 576,956 3,080
<br />TOTAL CURRENT ASSETS 7,731,721 1,810,176
<br />RESTRICTED ASSETS
<br />BOND RESERVE FUND 724,500 -
<br />EMERGENCY RESERVE FUND 1,851,797 1,097,326
<br />UNRESTRICTED RESERVE FUND 125,558 135,493
<br />TOTAL RESTRICTED ASSETS 2,701,856 1,232,819
<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 20,675.464
<br />GENERAL 10,499,297 873,013
<br />FIXED ASSETS (COST) 50,862,393 31,869,217
<br />LESS ACCUMULATED DEPRECIATION (23,445,969) (9,729,351)
<br />TOTAL FIXED ASSETS, NET 27,416,424 22,139,866
<br />OTHER ASSETS 77,125 92,880
<br />TOTAL ASSETS 37,927,126 25,275,741
<br />LIABILITIES AND FUND EQUITY
<br />CURRENT LIABILITIES
<br />ACCOUNTS PAYABLE 2,459,623 100,209
<br />SALARIES AND BENEFITS PAYABLE 166,306 79,018
<br />DUE TO CITY 109,973 -
<br />DUE TO OTHER FUNDS - -
<br />BONDS PAYABLE-CURRENT PORTION - -
<br />TOTALCURRENT LIABILITIES 2,735,902 179,227
<br />LONG TERM LIABILITIES
<br />LFG PROJECT 2,345,318
<br />DUE TO COUNTY -
<br />BONDS PAYABLE, LESS CURRENT PORTION 6,990,126 4,082,531
<br />TOTAL LONG TERM LIABILITIES 9,335,444 4,082,531
<br />TOTAL LIABILITIES 12,071,346 4,261,758
<br />FUND EQUITY
<br />CAPITAL ACCOUNT CONST COST 724,500
<br />CONTRIBUTED CAPITAL
<br />RETAINED EARNINGS 25,131,280 21,013,982
<br />TOTAL FUND EQUITY 25,855,780 21,013,982
<br />TOTAL LIABILITIES & FUND EQUITY 37,927,126 25,275,740
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