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COMBINED BALANCE SHEETS
<br /> June 2014
<br /> ASSETS ELECTRIC WATER
<br /> CURRENT ASSETS
<br /> CASH&TEMPORARY INVESTMENTS 7,915,084 1,477,680
<br /> ACCOUNTS RECEIVABLE 3,086,356 328,519
<br /> INVENTORIES 1,128,605 21,163
<br /> PREPAID ITEMS 106,136 22,937
<br /> CONSTRUCTION IN PROGRESS 933,285 53,769
<br /> TOTAL CURRENT ASSETS 13,169,466 1,904,068
<br /> RESTRICTED ASSETS
<br /> BOND RESERVE FUND 490,500 -
<br /> EMERGENCY RESERVE FUND 2,465,488 1,140,749
<br /> UNRESTRICTED RESERVE FUND 125,867 135,569
<br /> TOTAL RESTRICTED ASSETS 3,081,855 1,276,318
<br /> FIXED ASSETS
<br /> PRODUCTION 390,868 10,975,602
<br /> LFG PROJECT 3,844,628 -
<br /> TRANSMISSION 710,988 -
<br /> DISTRIBUTION 32,657,361 21,900,180
<br /> GENERAL 7,364,052 840,735
<br /> FIXED ASSETS(COST) 44,967,897 33,716,517
<br /> LESS ACCUMULATED DEPRECIATION (19,224,739) (12,490,215)
<br /> TOTAL FIXED ASSETS,NET 25,743,158 21,226,302
<br /> OTHER ASSETS AND DEFFERED OUTFLOWS (85,147) (7,087)
<br /> TOTAL ASSETS 41,909,332 24,399,601
<br /> LIABILITIES AND FUND EQUITY
<br /> CURRENT LIABILITIES
<br /> ACCOUNTS PAYABLE 3,441,140 106,336
<br /> SALARIES AND BENEFITS PAYABLE 227,944 88,093
<br /> DUE TO CITY 245,530 -
<br /> DUE TO OTHER FUNDS - -
<br /> BONDS PAYABLE-CURRENT PORTION 405,000 -
<br /> UNEARNED REVENUE 5,063 87,186
<br /> TOTAL CURRENT LIABILITIES 4,324,678 281,616
<br /> LONG TERM LIABILITIES
<br /> LFG PROJECT 1,599,871
<br /> DUE TO COUNTY -
<br /> BONDS PAYABLE, LESS CURRENT PORTION 4,271,877 2,076,719
<br /> TOTAL LONG TERM LIABILITIES 5,871,748 2,076,719
<br /> TOTAL LIABILITIES 10,196,426 2,358,335
<br /> FUND EQUITY
<br /> CAPITAL ACCOUNT CONST COST -
<br /> CONTRIBUTED CAPITAL
<br /> RETAINED EARNINGS 31,712,906 22,041,266
<br /> TOTAL FUND EQUITY 31,712,906 22,041,266
<br /> TOTAL LIABILITIES&FUND EQUITY 41,909,332 24,399,601
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