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COMBINED BALANCE SHEETS
<br />August 2011
<br />ASSETS ELECTRIC WATER
<br />CURRENT ASSETS
<br />CASH & TEMPORARY INVESTMENTS 3,710,415 1,162,604
<br />ACCOUNTS RECEIVABLE 3,505,545 523,672
<br />INVENTORIES 1,071,670 47,698
<br />PREPAID ITEMS 83,205 11,006
<br />CONSTRUCTION IN PROGRESS 730,850 12,976
<br />TOTAL CURRENT ASSETS 9,101,686 1,757,956
<br />RESTRICTED ASSETS
<br />BOND RESERVE FUND 724,500 -
<br />EMERGENCY RESERVE FUND 2,174,477 1,117,870
<br />UNRESTRICTED RESERVE FUND 125,624 135,509
<br />TOTAL RESTRICTED ASSETS 3,024,601 1,253,380
<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 21,182,417
<br />GENERAL 10,818,363 906,950
<br />FIXED ASSETS (COST) 51,582,488 32,449,982
<br />LESS ACCUMULATED DEPRECIATION (25,313,424) (10,639,185)
<br />TOTAL FIXED ASSETS, NET 26,269,064 21,810,796
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<br />OTHER ASSETS 69,220 82,348
<br />TOTAL ASSETS 38,464,572 24,904,480
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<br />LIABILITIES AND FUND EQUITY
<br />CURRENT LIABILITIES
<br />ACCOUNTS PAYABLE 2,674,264 63,128
<br />SALARIES AND BENEFITS PAYABLE 233,804 82,495
<br />DUE TO CITY (9) -
<br />DUE TO OTHER FUNDS - -
<br />BONDS PAYABLE-CURRENT PORTION - -
<br />UNEARNED REVENUE 76,820
<br />TOTAL CURRENT LIABILITIES 2,908,060 222,443
<br />LONG TERM LIABILITIES
<br />LFG PROJECT 2,162,882
<br />DUE TO COUNTY -
<br />BONDS PAYABLE, LESS CURRENT PORTION 6,448,200 3,607,050
<br />TOTAL LONG TERM LIABILITIES 8,611,082 3,607,050
<br />TOTAL LIABILITIES 11,519,141 3,829,493
<br />FUND EQUITY
<br />CAPITAL ACCOUNT CONST COST 724,500
<br />CONTRIBUTED CAPITAL
<br />RETAINED EARNINGS 26,220,930 21,074,986
<br />TOTAL FUND EQUITY 26,945,430 21,074,986
<br />TOTAL LIABILITIES & FUND EQUITY 38,464,572 24,904,480
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