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COMBINED BALANCE SHEETS
<br /> June 2012
<br /> ASSETS ELECTRIC WATER
<br /> CURRENT ASSETS
<br /> CASH &TEMPORARY INVESTMENTS 6,038,472 891,345
<br /> ACCOUNTS RECEIVABLE 2,975,768 389,678
<br /> INVENTORIES 963,424 19,380
<br /> PREPAID ITEMS 261,233 24,332
<br /> CONSTRUCTION IN PROGRESS 496,560 18,682
<br /> TOTAL CURRENT ASSETS 10,735,457 1,343,418
<br /> RESTRICTED ASSETS
<br /> BOND RESERVE FUND 724,500 -
<br /> EMERGENCY RESERVE FUND 2,210,619 1,127,031
<br /> UNRESTRICTED RESERVE FUND 125,867 135,569
<br /> TOTAL RESTRICTED ASSETS 3,060,986 1,262,601
<br /> FIXED ASSETS
<br /> PRODUCTION 2,382,938 10,627,229
<br /> LFG PROJECT 4,333,941
<br /> TRANSMISSION 474,335
<br /> DISTRIBUTION 34,714,713 21,810,171
<br /> GENERAL 10,905,188 926,436
<br /> FIXED ASSETS (COST) 52,811,115 33,363,836
<br /> LESS ACCUMULATED DEPRECIATION (26,863,887) (11,477,745)
<br /> TOTAL FIXED ASSETS, NET 25,947,228 21,886,091
<br /> OTHER ASSETS 62,022 72,770
<br /> TOTAL ASSETS 39,805,692 24,564,880
<br /> LIABILITIES AND FUND EQUITY
<br /> CURRENT LIABILITIES
<br /> ACCOUNTS PAYABLE 2,744,896 96,349
<br /> SALARIES AND BENEFITS PAYABLE 235,714 81,506
<br /> DUE TO CITY 17,989 -
<br /> DUE TO OTHER FUNDS -
<br /> BONDS PAYABLE-CURRENT PORTION 215,000 -
<br /> UNEARNED REVENUE 68,411
<br /> TOTAL CURRENT LIABILITIES 3,213,599 246,266
<br /> LONG TERM LIABILITIES
<br /> LFG PROJECT 1,975,808
<br /> DUE TO COUNTY -
<br /> BONDS PAYABLE, LESS CURRENT PORTION 5,894,693 3,117,423
<br /> TOTAL LONG TERM LIABILITIES 7,870,501 3,117,423
<br /> TOTAL LIABILITIES 11,084,100 3,363,689
<br /> FUND EQUITY
<br /> CAPITAL ACCOUNT CONST COST 724,500
<br /> CONTRIBUTED CAPITAL
<br /> RETAINED EARNINGS 27,997,092 21,201,191
<br /> TOTAL FUND EQUITY 28,721,592 21,201,191
<br /> TOTAL LIABILITIES&FUND EQUITY 39,805,692 24,564,880
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