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COMBINED BALANCE SHEETS
<br /> May 2014
<br /> ASSETS ELECTRIC WATER
<br /> CURRENT ASSETS
<br /> CASH&TEMPORARY INVESTMENTS 7,600,773 1,462,506
<br /> ACCOUNTS RECEIVABLE 2,906,555 301,886
<br /> INVENTORIES 1,055,807 22,073
<br /> PREPAID ITEMS 143,275 33,072
<br /> CONSTRUCTION IN PROGRESS 884,118 41,729
<br /> TOTAL CURRENT ASSETS 12,590,528 1,861,265
<br /> RESTRICTED ASSETS
<br /> BOND RESERVE FUND 490,500 -
<br /> EMERGENCY RESERVE FUND 2,462,782 1,140,072
<br /> UNRESTRICTED RESERVE FUND 125,867 135,569
<br /> TOTAL RESTRICTED ASSETS 3,079,148 1,275,641
<br /> FIXED ASSETS
<br /> PRODUCTION 2,441,903 11,412,599
<br /> LFG PROJECT 3,844,628 -
<br /> TRANSMISSION 598,673 -
<br /> DISTRIBUTION 37,092,467 22,431,654
<br /> GENERAL 11,363,587 939,616
<br /> FIXED ASSETS(COST) 55,341,258 34,783,869
<br /> LESS ACCUMULATED DEPRECIATION (29,745,319) (13,475,445)
<br /> TOTAL FIXED ASSETS, NET 25,595,939 21,308,424
<br /> OTHER ASSETS AND DEFFERED OUTFLOWS (86,579) (7,155)
<br /> TOTAL ASSETS 41,179,037 24,438,176
<br /> LIABILITIES AND FUND EQUITY
<br /> CURRENT LIABILITIES
<br /> ACCOUNTS PAYABLE 3,398,151 120,541
<br /> SALARIES AND BENEFITS PAYABLE 210,373 94,012
<br /> DUE TO CITY 188,292 -
<br /> DUE TO OTHER FUNDS - -
<br /> BONDS PAYABLE-CURRENT PORTION 405,000 -
<br /> UNEARNED REVENUE 5,907 87,186
<br /> TOTAL CURRENT LIABILITIES 4,207,724 301,739
<br /> LONG TERM LIABILITIES
<br /> LFG PROJECT 1,599,871
<br /> DUE TO COUNTY -
<br /> BONDS PAYABLE, LESS CURRENT PORTION 4,271,328 2,076,582
<br /> TOTAL LONG TERM LIABILITIES 5,871,199 2,076,582
<br /> TOTAL LIABILITIES 10,078,922 2,378,320
<br /> FUND EQUITY
<br /> CAPITAL ACCOUNT CONST COST -
<br /> CONTRIBUTED CAPITAL
<br /> RETAINED EARNINGS 31,100,115 22,059,855
<br /> TOTAL FUND EQUITY 31,100,115 22,059,855
<br /> TOTAL LIABILITIES&FUND EQUITY 41,179,037 24,438,176
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