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COMBINED BALANCE SHEET
<br /> DECEMBER 2014
<br /> ELECTRIC WATER
<br /> ASSETS
<br /> CURRENT ASSETS
<br /> CASH&TEMPORARY INVESTMENTS 8,962,509 2,476,217
<br /> ACCOUNTS RECEIVABLE 2,616,380 679,972
<br /> INVENTORIES 979,129 16,481
<br /> PREPAID ITEMS 205,106 38,161
<br /> CONSTRUCTION IN PROGRESS 205,329 435,290
<br /> TOTAL CURRENT ASSETS 12,968,453 3,646,122
<br /> RESTRICTED ASSETS
<br /> BOND RESERVE FUND 490,500 0
<br /> EMERGENCY RESERVE FUND 2,494,085 1,147,898
<br /> UNRESTRICTED RESERVE FUND 38,884 113,824
<br /> TOTAL RESTRICTED ASSETS 3,023,469 1,261,722
<br /> FIXED ASSETS
<br /> PRODUCTION 391,218 11,081,422
<br /> LFG PROJECT 3,844,628 0
<br /> TRANSMISSION 710,988 0
<br /> DISTRIBUTION 34,181,262 21,910,558
<br /> GENERAL 7,572,970 858,457
<br /> FIXED ASSETS(COST) 46,701,066 33,850,437
<br /> LESS ACCUMULATED DEPRECIATION (20,034,043) (13,033,084)
<br /> TOTAL FIXED ASSETS,NET 26,667,024 20,817,353
<br /> OTHER ASSETS AND DEFFERED OUTFLOWS (76,556) (6,678)
<br /> TOTAL ASSETS 42,582,390 25,718,519
<br /> LIABILITIES AND FUND EQUITY
<br /> CURRENT LIABILITIES
<br /> ACCOUNTS PAYABLE 3,916,384 68,841
<br /> SALARIES AND BENEFITS PAYABLE 330,582 102,732
<br /> DUE TO CITY 76,852 0
<br /> DUE TO OTHER FUNDS (449,130) 449,130
<br /> BONDS PAYABLE-CURRENT PORTION 672,000 228,000
<br /> UNEARNED REVENUE 0 73,631
<br /> TOTAL CURRENT LIABLITIES 4,546,688 922,335
<br /> LONG TERM LIABILITIES
<br /> LFG PROJECT 1,408,358 0
<br /> DUE TO COUNTY 0 0
<br /> BONDS PAYABLE,LESS CURRENT PORTION 3,603,173 1,849,543
<br /> TOTAL LONG TERM LIABILITIES 5,011,531 1,849,543
<br /> TOTAL LIABILITIES 9,558,219 2,771,878
<br /> FUND EQUITY
<br /> CAPITAL ACCOUNT CONST COST 490,500 0
<br /> CONTRIBUTED CAPITAL 0 0
<br /> RETAINED EARNINGS 31,149,451 22,376,136
<br /> NET INCOME(LOSS)(THROUGH PREVIOUS MONTH) 1,384,220 570,506
<br /> TOTAL FUND EQUITY 33,024,171 22,946,641
<br /> TOTAL LIABILITIES&FUND EQUITY 42,582,390 25,718,519
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