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COMBINED BALANCE SHEETS
<br />January 2011
<br />ASSETS ELECTRIC WATER
<br />CURRENT ASSETS
<br />CASH & TEMPORARY INVESTMENTS 4,108,590 1,550,543
<br />ACCOUNTS RECEIVABLE 2,606,901 274,136
<br />INVENTORIES 1,020,679 46,061
<br />PREPAID ITEMS 160,763 21,339
<br />CONSTRUCTION IN PROGRESS 418,505 106
<br />TOTAL CURRENT ASSETS 8,315,438 1,892,185
<br />RESTRICTED ASSETS
<br />BOND RESERVE FUND 724,500 -
<br />EMERGENCY RESERVE FUND 2,142,567 1,110,018
<br />UNRESTRICTED RESERVE FUND 125,624 135,509
<br />TOTAL RESTRICTED ASSETS 2,992,691 1,245,528
<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 21,070,881
<br />GENERAL 10,531,014 884,128
<br />FIXED ASSETS (COST) 51,295,725 32,282,813
<br />LESS ACCUMULATED DEPRECIATION (24,049,917) (10,049,185)
<br />TOTAL FIXED ASSETS, NET 27,245,808 22,233,628
<br />OTHER ASSETS 74,259 89,052
<br />TOTAL ASSETS 38,628,196 25,460,392
<br />LIABILITIES AND FUND EQUITY
<br />CURRENT LIABILITIES
<br />ACCOUNTS PAYABLE 2,830,816 178,734
<br />SALARIES AND BENEFITS PAYABLE 227,227 83,049
<br />DUE TO CITY (2,172) -
<br />DUE TO OTHER FUNDS - -
<br />BONDS PAYABLE-CURRENT PORTION 480,000 460,000
<br />UNEARNED REVENUE 15,333
<br />TOTAL CURRENT LIABILITIES 3,535,871 737,117
<br />LONG TERM LIABILITIES
<br />LFG PROJECT 2,162,882
<br />DUE TO COUNTY -
<br />BONDS PAYABLE, LESS CURRENT PORTION 6,444,354 3,606,088
<br />TOTAL LONG TERM LIABILITIES 8,607,236 3,606,088
<br />TOTAL LIABILITIES 12,143,107 4,343,205
<br />FUND EQUITY
<br />CAPITAL ACCOUNT CONST COST 724,500
<br />CONTRIBUTED CAPITAL
<br />RETAINED EARNINGS 25,760,589 21,117,187
<br />TOTAL FUND EQUITY 26,485,089 21,117,187
<br />TOTAL LIABILITIES & FUND EQUITY 38,628,196 25,460,392
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