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COMBINED BALANCE SHEETS
<br />June 2011
<br />ASSETS ELECTRIC WATER
<br />CURRENT ASSETS
<br />CASH & TEMPORARY INVESTMENTS 4,501,803 1,060,400
<br />ACCOUNTS RECEIVABLE 2,655,490 354,172
<br />INVENTORIES 1,097,883 47,605
<br />PREPAID ITEMS 96,330 13,097
<br />CONSTRUCTION IN PROGRESS 586,333 11,576
<br />TOTAL CURRENT ASSETS 8,937,838 1,486,850
<br />RESTRICTED ASSETS
<br />BOND RESERVE FUND 724,500 -
<br />EMERGENCY RESERVE FUND 2,169,118 1,116,621
<br />UNRESTRICTED RESERVE FUND 125,624 135,509
<br />TOTAL RESTRICTED ASSETS 3,019,241 1,252,130
<br />FIXED ASSETS
<br />PRODUCTION 2,377,466 10,360,615
<br />LFG PROJECT 4,153,941
<br />TRANSMISSION 474,335
<br />DISTRIBUTION 33,758,383 21,149,344
<br />GENERAL 10,815,067 906,727
<br />FIXED ASSETS (COST) 51,579,192 32,416,686
<br />LESS ACCUMULATED DEPRECIATION (24,943,424) (10,469,185)
<br />TOTAL FIXED ASSETS, NET 26,635,769 21,947,501
<br />OTHER ASSETS
<br />70,660
<br />84,263
<br />TOTAL ASSETS
<br />LIABILITIES AND FUND EQUITY
<br />CURRENT LIABILITIES
<br />ACCOUNTS PAYABLE
<br />SALARIES AND BENEFITS PAYABLE
<br />DUE TO CITY
<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 />BONDS 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 />38,663,508 24,770,745
<br />2,571,284
<br />225,406
<br />210,000
<br />3,006,690
<br />2,162,882
<br />6,447,101
<br />8,609,983
<br />103,622
<br />97,348
<br />88,780
<br />289,751
<br />3,606,775
<br />3,606,775
<br />11,616,673 3,896,526
<br />724,500
<br />26,322,335 20,874,218
<br />27,046,835 20,874,218
<br />TOTAL LIABILITIES 8 FUND EQUITY 38,663,508 24,770,745
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