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COMBINED BALANCE SHEETS
<br />April 2011
<br />ASSETS ELECTRIC WATER
<br />CURRENT ASSETS
<br />CASH & TEMPORARY INVESTMENTS 4,281,768 1,004,851
<br />ACCOUNTS RECEIVABLE 2,441,079 231,355
<br />INVENTORIES 1,074,997 40,854
<br />PREPAID ITEMS 151,208 22,903
<br />CONSTRUCTION IN PROGRESS 475,096 7,360
<br />TOTAL CURRENT ASSETS 8,424,148 1,307,322
<br />RESTRICTED ASSETS
<br />BOND RESERVE FUND 724,500 -
<br />EMERGENCY RESERVE FUND 2,151,562 1,112,268
<br />UNRESTRICTED RESERVE FUND 125,624 135,509
<br />TOTAL RESTRICTED ASSETS 3,001,686 1,247,778
<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 21,098,880
<br />GENERAL 10,695,464 878,570
<br />FIXED ASSETS (COST) 51,459,590 32,305,255
<br />LESS ACCUMULATED DEPRECIATION (24,599,917) (10,299,185)
<br />TOTAL FIXED ASSETS, NET 26,859,673 22,006,069
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<br />OTHER ASSETS 72,099 86,179
<br />TOTAL ASSETS 38,357,607 24,647,348
<br />LIABILITIES AND FUND EQUITY
<br />CURRENT LIABILITIES
<br />ACCOUNTS PAYABLE 2,710,677 63,707
<br />SALARIES AND BENEFITS PAYABLE 264,418 89,509
<br />DUE TO CITY 177,704 -
<br />DUE TO OTHER FUNDS - -
<br />BONDS PAYABLE-CURRENT PORTION
<br />UNEARNED REVENUE
<br />TOTAL CURRENT LIABILITIES
<br />LONG TERM LIABILITIES
<br />LFG PROJECT
<br />DUE TO COUNTY
<br />8ONDS PAYABLE, LESS CURRENT PORTION
<br />TOTAL LONG TERM LIABILITIES
<br />TOTAL LIABILITIES
<br />FUND EQUITY
<br />CAPITAL ACCOUNT CONST COST
<br />CONTRIBUTED CAPITAL
<br />RETAINED EARNINGS
<br />TOTAL FUND EQUITY
<br />210,000 -
<br /> 3,833
<br />3,362,799 157,049
<br />2,162,882
<br />6,446,002 3,606,500
<br />8,608,884 3,606,500
<br />11,971,684 3,763,550
<br />724,500
<br />25,661,423 20,883,798
<br />26,385,923 20,883,798
<br />TOTAL LIABILITIES & FUND EQUITY 38,357,607 24,647,348
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