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COMBINED BALANCE SHEETS
<br />July 2012
<br />ASSETS
<br />ELECTRIC
<br />WATER
<br />CURRENT ASSETS
<br />CASH & TEMPORARY INVESTMENTS
<br />5,991,173
<br />1,007,090
<br />ACCOUNTS RECEIVABLE
<br />3,356,288
<br />493,479
<br />INVENTORIES
<br />987,357
<br />23,959
<br />PREPAID ITEMS
<br />132,050
<br />21,108
<br />CONSTRUCTION IN PROGRESS
<br />638,951
<br />18,212
<br />TOTAL CURRENT ASSETS
<br />11,105,819
<br />1,563,847
<br />RESTRICTED ASSETS
<br />BOND RESERVE FUND
<br />724,500
<br />-
<br />EMERGENCY RESERVE FUND
<br />2,213,081
<br />1,127,647
<br />UNRESTRICTED RESERVE FUND
<br />125,867
<br />135,569
<br />TOTAL RESTRICTED ASSETS
<br />3,063,448
<br />1,263,216
<br />FIXED ASSETS
<br />PRODUCTION
<br />2,382,938
<br />10,627,229
<br />LFG PROJECT
<br />4,333,941
<br />TRANSMISSION
<br />474,335
<br />DISTRIBUTION
<br />34,714,713
<br />21,813,378
<br />GENERAL
<br />10,905,188
<br />926,436
<br />FIXED ASSETS (COST)
<br />52,811,115
<br />33,367,042
<br />LESS ACCUMULATED DEPRECIATION
<br />(27,043,887)
<br />(11,562,745)
<br />TOTAL FIXED ASSETS, NET
<br />25,767,228
<br />21,804,298
<br />OTHER ASSETS
<br />61,302
<br />71,813
<br />TOTAL ASSETS
<br />39,997,798
<br />24,703,174
<br />LIABILITIES AND FUND EQUITY
<br />CURRENT LIABILITIES
<br />ACCOUNTS PAYABLE
<br />2,840,441
<br />115,343
<br />SALARIES AND BENEFITS PAYABLE
<br />232,193
<br />82,169
<br />DUE TO CITY
<br />-
<br />-
<br />DUE TO OTHER FUNDS
<br />-
<br />-
<br />BONDS PAYABLE -CURRENT PORTION
<br />215,000
<br />-
<br />UNEARNED REVENUE
<br />62,192
<br />TOTAL CURRENT LIABILITIES
<br />3,287,634
<br />259,704
<br />LONG TERM LIABILITIES
<br />LFG PROJECT
<br />1,975,808
<br />DUE TO COUNTY
<br />BONDS PAYABLE, LESS CURRENT PORTION
<br />5,895,242
<br />3,117,560
<br />TOTAL LONG TERM LIABILITIES
<br />7,871,050
<br />3,117,560
<br />TOTAL LIABILITIES
<br />11,158,685
<br />3,377,265
<br />FUND EQUITY
<br />CAPITAL ACCOUNT CONST COST
<br />724,500
<br />CONTRIBUTED CAPITAL
<br />RETAINED EARNINGS
<br />28,114,613
<br />21,325,909
<br />TOTAL FUND EQUITY
<br />28,839,113
<br />21,325,909
<br />TOTAL LIABILITIES & FUND EQUITY
<br />39,997,798
<br />24,703,174
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