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COMBINED BALANCE SHEETS
<br />November 2011
<br />ASSETS ELECTRIC WATER
<br />CURRENT ASSETS
<br />CASH & TEMPORARY INVESTMENTS 5,667,996 1,050,578
<br />ACCOUNTS RECEIVABLE 2,539,021 290,654
<br />INVENTORIES 1,049,556 34,947
<br />PREPAID ITEMS 109,469 21,740
<br />CONSTRUCTION IN PROGRESS 450,704 714,720
<br />TOTAL CURRENT ASSETS 9,816,747 2,112,640
<br />RESTRICTED ASSETS
<br />BOND RESERVE FUND 724,500 -
<br />EMERGENCY RESERVE FUND 2,183,716 1,120,306
<br />UNRESTRICTED RESERVE FUND 125,624 135,509
<br />TOTAL RESTRICTED ASSETS 3,033,840 1,255,815
<br />FIXED ASSETS
<br />PRODUCTION 2,377,466 10,360,615
<br />LFG PROJECT 4,153,941
<br />TRANSMISSION 474,335
<br />DISTRIBUTION 34,295,051 21,219,406
<br />GENERAL 10,837,757 907,960
<br />FIXED ASSETS (COST) 52,138,550 32,487,981
<br />LESS ACCUMULATED DEPRECIATION (25,868,424) (10,894,185)
<br />TOTAL FIXED ASSETS, NET 26,270,127 21,593,796
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<br />OTHER ASSETS 67,061 79,474
<br />TOTAL ASSETS 39,187,774 25,041,725
<br />LIABILITIES AND FUND EQUITY
<br />CURRENT LIABILITIES
<br />ACCOUNTS PAYABLE 2,722,845 75,394
<br />SALARIES AND BENEFITS PAYABLE 207,693 79,826
<br />DUE TO CITY 125,629 -
<br />DUE TO OTHER FUNDS - -
<br />BONDS PAYABLE-CURRENT PORTION - -
<br />UNEARNED REVENUE 35,880
<br />TOTAL CURRENT LIABILITIES 3,056,167 191,099
<br />LONG TERM LIABILITIES
<br />LFG PROJECT 2,162,882
<br />DUE TO COUNTY -
<br />BONDS PAYABLE, LESS CURRENT PORTION 6,449,848 3,607,462
<br />TOTAL LONG TERM LIABILITIES 8,612,730 3,607,462
<br />TOTAL LIABILITIES 11,668,897 3,798,561
<br />FUND EQUITY
<br />CAPITAL ACCOUNT CONST COST 724,500
<br />CONTRIBUTED CAPITAL
<br />RETAINED EARNINGS 26,794,378 21,243,164
<br />TOTAL FUND EQUITY 27,518,878 21,243,164
<br />TOTAL LIABILITIES & FUND EQUITY 39,187,774 25,041,725
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