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COMBINED BALANCE SHEETS
<br />January 2012
<br />ASSETS ELECTRIC WATER
<br />CURRENT ASSETS
<br />CASH & TEMPORARY INVESTMENTS 6,087,584 1,350,876
<br />ACCOUNTS RECEIVABLE 2,682,146 273,711
<br />INVENTORIES 1,016,277 52,355
<br />PREPAID ITEMS 186,306 27,382
<br />CONSTRUCTION IN PROGRESS 212,756 4,888
<br />TOTAL CURRENT ASSETS 10,185,068 1,709,211
<br />RESTRICTED ASSETS
<br />BOND RESERVE FUND 724,500 -
<br />EMERGENCY RESERVE FUND 2,196,805 1,123,578
<br />UNRESTRICTED RESERVE FUND 125,867 135,569
<br />TOTAL RESTRICTED ASSETS 3,047,172 1,259,147
<br />FIXED ASSETS
<br />PRODUCTION 2,377,466 10,627,229
<br />LFG PROJECT 4,333,941
<br />TRANSMISSION 474,335
<br />DISTRIBUTION 34,553,399 21,773,113
<br />GENERAL 10,891,593 921,419
<br />FIXED ASSETS (COST) 52,630,733 33,321,761
<br />LESS ACCUMULATED DEPRECIATION (26,065,141) (11,039,382)
<br />TOTAL FIXED ASSETS, NET 26,565,592 22,282,378
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<br />OTHER ASSETS 65,621 77,559
<br />TOTAL ASSETS 39,863,454 25,328,296
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<br />LIABILITIES AND FUND EQUITY
<br />CURRENT LIABILITIES
<br />ACCOUNTS PAYABLE 3,092,151 174,191
<br />SALARIES AND BENEFITS PAYABLE 231,044 82,106
<br />DUE TO CITY 106,990 19,546
<br />DUE TO OTHER FUNDS - -
<br />BONDS PAYABLE-CURRENT PORTION 559,000 491,000
<br />UNEARNED REVENUE 23,920
<br />TOTAL CURRENT LIABILITIES 3,989,184 790,764
<br />LONG TERM LIABILITIES
<br />LFG PROJECT 1,979,438
<br />DUE TO COUNTY -
<br />BONDS PAYABLE, LESS CURRENT PORTION 5,891,946 3,116,736
<br />TOTAL LONG TERM LIABILITIES 7,871,384 3,116,736
<br />TOTAL LIABILITIES 11,860,568 3,907,500
<br />FUND EQUITY
<br />CAPITAL ACCOUNT CONST COST 724,500
<br />CONTRIBUTED CAPITAL
<br />RETAINED EARNINGS 27,278,386 21,420,796
<br />TOTAL FUND EQUITY 28,002,886 21,420,796
<br />TOTAL LIABILITIES & FUND EQUITY 39,863,454 25,328,296
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