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COMBINED BALANCE SHEETS
<br />March 2012
<br />ASSETS ELECTRIC WATER
<br />CURRENT ASSETS
<br />CASH & TEMPORARY INVESTMENTS 5,360,903 749,792
<br />ACCOUNTS RECEIVABLE 2,600,446 257,888
<br />INVENTORIES 965,516 25,269
<br />PREPAID ITEMS 184,411 26,727
<br />CONSTRUCTION IN PROGRESS 352,655 16,656
<br />TOTAL CURRENT ASSETS 9,463,932 1,076,332
<br />RESTRICTED ASSETS
<br />BOND RESERVE FUND 724,500 -
<br />EMERGENCY RESERVE FUND 2,199,411 1,124,230
<br />UNRESTRICTED RESERVE FUND 125,867 135,569
<br />TOTAL RESTRICTED ASSETS 3,049,778 1,259,799
<br />FIXED ASSETS
<br />PRODUCTION 2,377,466 10,627,229
<br />LFG PROJECT 4,333,941
<br />TRANSMISSION 474,335
<br />DISTRIBUTION 34,556,151 21,795,752
<br />GENERAL 10,892,074 922,153
<br />FIXED ASSETS (COST) 52,633,968 33,345,134
<br />LESS ACCUMULATED DEPRECIATION (26,419,564) (11,219,382)
<br />TOTAL FIXED ASSETS, NET 26,214,403 22,125,752
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<br />OTHER ASSETS 64,181 75,644
<br />TOTAL ASSETS 38,792,295 24,537,526
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<br />LIABILITIES AND FUND EQUITY
<br />CURRENT LIABILITIES
<br />ACCOUNTS PAYABLE 2,707,388 61,365
<br />SALARIES AND BENEFITS PAYABLE 271,850 88,459
<br />DUE TO CITY (22,640) -
<br />DUE TO OTHER FUNDS - -
<br />BONDS PAYABLE-CURRENT PORTION 215,000 -
<br />UNEARNED REVENUE 11,960
<br />TOTAL CURRENT LIABILITIES 3,171,598 161,784
<br />LONG TERM LIABILITIES
<br />LFG PROJECT 1,979,438
<br />DUE TO COUNTY -
<br />BONDS PAYABLE, LESS CURRENT PORTION 5,893,045 3,117,011
<br />TOTAL LONG TERM LIABILITIES 7,872,483 3,117,011
<br />TOTAL LIABILITIES 11,044,081 3,278,795
<br />FUND EQUITY
<br />CAPITAL ACCOUNT CONST COST 724,500
<br />CONTRIBUTED CAPITAL
<br />RETAINED EARNINGS 27,023,714 21,258,731
<br />TOTAL FUND EQUITY 27,748,214 21,258,731
<br />TOTAL LIABILITIES & FUND EQUITY 38,792,295 24,537,526
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