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COMBINED BALANCE SHEET
<br /> MARCH 2015
<br /> ELECTRIC WATER
<br /> ASSETS
<br /> CURRENT ASSETS
<br /> CASH&TEMPORARY INVESTMENTS 8,871,136 2,125,692
<br /> ACCOUNTS RECEIVABLE 3,021,243 314,400
<br /> INVENTORIES 988,313 27,582
<br /> PREPAID ITEMS 167,242 21,936
<br /> CONSTRUCTION IN PROGRESS 108,145 612,994
<br /> TOTAL CURRENT ASSETS 13,156,080 3,102,604
<br /> RESTRICTED ASSETS
<br /> BOND RESERVE FUND 490,500 0
<br /> EMERGENCY RESERVE FUND 2,504,491 1,150,499
<br /> UNRESTRICTED RESERVE FUND 38,884 113,824
<br /> TOTAL RESTRICTED ASSETS 3,033,875 1,264,323
<br /> FIXED ASSETS
<br /> PRODUCTION 391,218 11,143,740
<br /> LFG PROJECT 3,804,327 0
<br /> TRANSMISSION 710,988 0
<br /> DISTRIBUTION 34,352,033 21,914,355
<br /> GENERAL 7,691,356 869,827
<br /> FIXED ASSETS(COST) 46,949,921 33,927,922
<br /> LESS ACCUMULATED DEPRECIATION (20,449,305) (13,313,843)
<br /> TOTAL FIXED ASSETS,NET 26,500,616 20,614,078
<br /> OTHER ASSETS AND DEFFERED OUTFLOWS (72,261) (6,473)
<br /> TOTAL ASSETS 42,618,309 24,974,532
<br /> LIABILITIES AND FUND EQUITY
<br /> CURRENT LIABILITIES
<br /> ACCOUNTS PAYABLE 3,075,907 100,604
<br /> SALARIES AND BENEFITS PAYABLE 343,712 110,800
<br /> DUE TO CITY 566,433 0
<br /> DUE TO OTHER FUNDS 0 0
<br /> BONDS PAYABLE-CURRENT PORTION 390,000 0
<br /> UNEARNED REVENUE 7,595 38,453
<br /> TOTAL CURRENT LIABLITIES 4,383,647 249,858
<br /> LONG TERM LIABILITIES
<br /> LFG PROJECT 1,408,358 0
<br /> DUE TO COUNTY 0 0
<br /> BONDS PAYABLE,LESS CURRENT PORTION 3,604,791 1,849,955
<br /> TOTAL LONG TERM LIABILITIES 5,013,149 1,849,955
<br /> TOTAL LIABILITIES 9,396,796 2,099,813
<br /> FUND EQUITY
<br /> CAPITAL ACCOUNT CONST COST 490,500 0
<br /> CONTRIBUTED CAPITAL 0 0
<br /> RETAINED EARNINGS 32,478,554 23,086,532
<br /> NET INCOME(LOSS)(THROUGH PREVIOUS MONTH) 252,458 (211,812)
<br /> TOTAL FUND EQUITY 33,221,512 22,874,720
<br /> TOTAL LIABILITIES&FUND EQUITY 42,618,309 24,974,532
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