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COMBINED BALANCE SHEETS
<br />December 2010
<br />ASSETS ELECTRIC WATER
<br />CURRENT ASSETS
<br />CASH & TEMPORARY INVESTMENTS 4,303,904 1,556,214
<br />ACCOUNTS RECEIVABLE 2,498,392 246,150
<br />INVENTORIES 1,023,245 44,204
<br />PREPAID ITEMS 121,554 18,422
<br />CONSTRUCTION IN PROGRESS 398,785 11,510
<br />TOTAL CURRENT ASSETS 8,345,879 1,876,500
<br />RESTRICTED ASSETS
<br />BOND RESERVE FUND 724,500 -
<br />EMERGENCY RESERVE FUND 2,142,567 1,110,018
<br />UNRESTRICTED RESERVE FUND 125,558 135,493
<br />TOTAL RESTRICTED ASSETS 2,992,626 1,245,511
<br />FIXED ASSETS
<br />PRODUCTION 2,377,466 10,327,805
<br />LFG PROJECT 4,153,941
<br />TRANSMISSION 474,335
<br />DISTRIBUTION 33,758,969 20,759,224
<br />GENERAL 10,486,554 873,013
<br />FIXED ASSETS (COST) 51,251,265 31,960,042
<br />LESS ACCUMULATED DEPRECIATION (23,869,917) (9,969,185)
<br />TOTAL FIXED ASSETS, NET 27,381,348 21,990,857
<br />OTHER ASSETS 74,975 91,866
<br />TOTAL ASSETS 38,794,828 25,204,734
<br />LIABILITIES AND FUND EQUITY
<br />CURRENT LIABILITIES
<br />ACCOUNTS PAYABLE 2,948,170 116,072
<br />SALARIES AND BENEFITS PAYABLE 182,008 69,983
<br />DUE TO CITY 1,919 821
<br />DUE TO OTHER FUNDS - -
<br />BONDS PAYABLE-CURRENT PORTION 548,000 460,000
<br />UNEARNED REVENUE 19,167
<br />TOTAL CURRENT LIABILITIES 3,680,096 666,043
<br />LONG TERM LIABILITIES
<br />LFG PROJECT 2,162,882
<br />DUE TO COUNTY -
<br />BONDS PAYABLE, LESS CURRENT PORTION 6,443,797 3,605,949
<br />TOTAL LONG TERM LIABILITIES 8,606,679 3,605,949
<br />TOTAL LIABILITIES 12,286,776 4,271,992
<br />FUND EQUITY
<br />CAPITAL ACCOUNT CONST COST 724,500
<br />CONTRIBUTED CAPITAL
<br />RETAINED EARNINGS 25,783,553 20,932,742
<br />TOTAL FUND EQUITY 26,508,053 20,932,742
<br />TOTAL LIABILITIES 8 FUND EQUITY 38,794,828 25,204,734
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