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COMBINED BALANCE SHEETS
<br />October 2011
<br /> ELECTRIC WATER
<br />ASSETS
<br />CURRENT ASSETS
<br />CASH 8 TEMPORARY INVESTMENTS
<br />4,992,175
<br />1,399,738
<br />ACCOUNTS RECEIVABLE 2,864,375 423,498
<br />INVENTORIES 1,039,839 27,265
<br />PREPAID ITEMS 116,971 24,620
<br />CONSTRUCTION IN PROGRESS 370,450 307,012
<br />TOTAL CURRENT ASSETS 9,383,810 2,182,132
<br />RESTRICTED ASSETS
<br />BOND RESERVE FUND 724,500 -
<br />EMERGENCY RESERVE FUND 2,180,121 1,119,407
<br />UNRESTRICTED RESERVE FUND 125,624 135,509
<br />TOTAL RESTRICTED ASSETS 3,030,245 1,254,916
<br />FIXED ASSETS
<br />PRODUCTION
<br />2,377,466
<br />10,360,615
<br />LFG PROJECT 4,153,941
<br />TRANSMISSION 474,335
<br />DISTRIBUTION 34,303,948 21,214,153
<br />GENERAL 10,837,757 907,960
<br />FIXED ASSETS (COST) 52,147,447 32,482,728
<br />LESS ACCUMULATED DEPRECIATION (25 683,424) (10,809,185)
<br />NET
<br />TOTAL FIXED ASSETS 26,464,024 21,673,543
<br />,
<br />OTHER ASSETS 67,780 80,432
<br />TOTAL ASSETS 38,945,859 25,191,024
<br />LIABILITIES AND FUND EQUITY
<br />CURRENT LIABILITIES
<br />670
<br />648
<br />2
<br />176,244
<br />ACCOUNTS PAYABLE
<br />SALARIES AND BENEFITS PAYABLE ,
<br />,
<br />272,528 88,715
<br />DUE TO CITY 130,172 -
<br />DUE TO OTHER FUNDS -
<br />BONDS PAYABLE-CURRENT PORTION - -
<br />UNEARNED REVENUE 41,860
<br />TOTAL CURRENT LIABILITIES 3,073,348 306,819
<br />
<br />LONG TERM LIABILITIES
<br />LFG PROJECT 2,162,882
<br />DUE TO COUNTY
<br />BONDS PAYABLE, LESS CURRENT PORTION -
<br />6,449,298
<br />3,607,324
<br />TOTAL LONG TERM LIABILITIES 8,612,180 3,607,324
<br />TOTAL LIABILITIES 11,685,528 3,914,143
<br />FUND EQUITY
<br />CAPITAL ACCOUNT CONST COST 724,500
<br />CONTRIBUTED CAPITAL
<br />RETAINED EARNINGS 26,535,831 21,276,880
<br />TOTAL FUND EQUITY 27,260,331 21,276,880
<br />TOTAL LIABILITIES & FUND EQUITY 38,945,859 25,191,024
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