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COMBINED BALANCE SHEETS
<br /> MAY 2012
<br /> ASSETS ELECTRIC WATER
<br /> CURRENT ASSETS
<br /> CASH&TEMPORARY INVESTMENTS 6,067,094 794,844
<br /> ACCOUNTS RECEIVABLE 2,484,820 260,318
<br /> INVENTORIES 967,480 21,793
<br /> PREPAID ITEMS 144,470 25,165
<br /> CONSTRUCTION IN PROGRESS 589,634 30,801
<br /> TOTAL CURRENT ASSETS 10,253,499 1,132,921
<br /> RESTRICTED ASSETS
<br /> BOND RESERVE FUND 724,500 -
<br /> EMERGENCY RESERVE FUND 2,205,518 1,125,756
<br /> UNRESTRICTED RESERVE FUND 125,867 135,569
<br /> TOTAL RESTRICTED ASSETS 3,055,885 1,261,326
<br /> FIXED ASSETS
<br /> PRODUCTION 2,382,938 10,627,229
<br /> LFG PROJECT 4,333,941
<br /> TRANSMISSION 474,335
<br /> DISTRIBUTION 34,548,719 21,802,829
<br /> GENERAL 10,905,188 926,436
<br /> FIXED ASSETS(COST) 52,645,122 33,356,494
<br /> LESS ACCUMULATED DEPRECIATION (26,683,887) (11,392,745)
<br /> TOTAL FIXED ASSETS, NET 25,961,234 21,963,749
<br /> OTHER ASSETS 62,742 73,728
<br /> TOTAL ASSETS 39,333,360 24,431,723
<br /> LIABILITIES AND FUND EQUITY
<br /> CURRENT LIABILITIES
<br /> ACCOUNTS PAYABLE 2,726,303 74,639
<br /> SALARIES AND BENEFITS PAYABLE 231,128 86,442
<br /> DUE TO CITY - -
<br /> DUE TO OTHER FUNDS - -
<br /> BONDS PAYABLE-CURRENT PORTION 215,000 -
<br /> UNEARNED REVENUE 0
<br /> TOTAL CURRENT LIABILITIES 3,172,431 161,081
<br /> LONG TERM LIABILITIES
<br /> LFG PROJECT 1,975,808
<br /> DUE TO COUNTY -
<br /> BONDS PAYABLE, LESS CURRENT PORTION 5,894,144 3,117,286
<br /> TOTAL LONG TERM LIABILITIES 7,869,952 3,117,286
<br /> TOTAL LIABILITIES 11,042,382 3,278,366
<br /> FUND EQUITY
<br /> CAPITAL ACCOUNT CONST COST 724,500
<br /> CONTRIBUTED CAPITAL
<br /> RETAINED EARNINGS 27,566,478 21,153,357
<br /> TOTAL FUND EQUITY 28,290,978 21,153,357
<br /> TOTAL LIABILITIES&FUND EQUITY 39,333,360 24,431,723
<br /> J.
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