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COMBINED BALANCE SHEETS
<br />February 2011
<br />ASSETS ELECTRIC WATER
<br />CURRENT ASSETS
<br />CASH & TEMPORARY INVESTMENTS 3,829,883 1,024,486
<br />ACCOUNTS RECEIVABLE 2,623,712 245,344
<br />INVENTORIES 1,018,475 33,877
<br />PREPAID ITEMS 146,520 21,895
<br />CONSTRUCTION IN PROGRESS 417,635 106
<br />TOTAL CURRENT ASSETS 8,036,225 1,325,708
<br />RESTRICTED ASSETS
<br />BOND RESERVE FUND 724,500 -
<br />EMERGENCY RESERVE FUND 2,149,273 1,111,695
<br />UNRESTRICTED RESERVE FUND 125,624 135,509
<br />TOTAL RESTRICTED ASSETS 2,999,397 1,247,204
<br />FIXED ASSETS
<br />PRODUCTION 2,377,466 10,327,805
<br />LFG PROJECT 4,153,941
<br />TRANSMISSION 474,335
<br />DISTRIBUTION 33,758,383 21,076,406
<br />GENERAL 10,508,784 878,570
<br />FIXED ASSETS (COST) 51,272,909 32,282,782
<br />LESS ACCUMULATED DEPRECIATION (24,229,917) (10,129,185)
<br />TOTAL FIXED ASSETS, NET 27,042,993 22,153,596
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<br />OTHER ASSETS 73,539 88,094
<br />TOTAL ASSETS 38,152,154 24,814,602
<br />LIABILITIES AND FUND EQUITY
<br />CURRENT LIABILITIES
<br />ACCOUNTS PAYABLE 2,718,961 75,875
<br />SALARIES AND BENEFITS PAYABLE 223,626 83,855
<br />DUE TO CITY 1,702 -
<br />DUE TO OTHER FUNDS - -
<br />BONDS PAYABLE-CURRENT PORTION 210,000 -
<br />UNEARNED REVENUE 11,500
<br />TOTAL CURRENT LIABILITIES 3,154,290 171,230
<br />LONG TERM LIABILITIES
<br />LFG PROJECT 2,162,882
<br />DUE TO COUNTY -
<br />BONDS PAYABLE, LESS CURRENT PORTION 6,444,904 3,606,226
<br />TOTAL LONG TERM LIABILITIES 8,607,786 3,606,226
<br />TOTAL LIABILITIES 11,762,075 3,777,456
<br />FUND EQUITY
<br />CAPITAL ACCOUNT CONST COST 724,500
<br />CONTRIBUTED CAPITAL
<br />RETAINED EARNINGS 25,665,579 21,037,146
<br />TOTAL FUND EQUITY 26,390,079 21,037,146
<br />TOTAL LIABILITIES & FUND EQUITY 38,152,154 24,814,602
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