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COMBINED BALANCE SHEETS
<br />October 2008
<br />ASSETS ELECTRIC WATER
<br />CURRENT ASSETS
<br />CASH & TEMPORARY INVESTMENTS 1,802,640.40 593,066.39
<br />ACCOUNTS RECEIVABLE 2,291,171.54 558,556.51
<br />INVENTORIES 1,433,568.10 32,940.69
<br />PREPAID ITEMS 148,303.23 10,884.54
<br />CONSTRUCTION IN PROGRESS 689,194.82 1,056,192.25
<br />TOTAL CURRENT ASSETS 6,364,878.09 2,251,640.38
<br />RESTRICTED ASSETS
<br />BOND RESERVE FUND 733,400.00 2,592,095.60
<br />EMERGENCY RESERVE FUND 1,233,948.38 1,013,278.70
<br />UNRESTRICTED RESERVE FUND 116,658.47 135,493.00
<br />TOTAL RESTRICTED ASSETS 2,084,006.85 3.740.867.30
<br />FIXED ASSETS
<br />PRODUCTION 2,342,563.74 9,497,241.34
<br />LFG PROJECT 4,131,648.93
<br />TRANSMISSION 474,335.00
<br />DISTRIBUTION 31,536,525.15 20,085,137.64
<br />GENERAL 10,317,275.55 886,279.12
<br />FIXED ASSETS (COST) 48,802,348.37 30,468,658.10
<br />LESS ACCUMULATED DEPRECIATION (19,507,972.65) (7,891,209.13)
<br />TOTAL FIXED ASSETS, NET 29,294,375.72 22,577,448.97
<br />OTHER ASSETS 132,828.79 127,327.89
<br />TOTAL ASSETS 37,876,089.45 28,697,284.54
<br />LIABILITIES AND FUND EQUITY
<br />CURRENT LIABILITIES
<br />ACCOUNTS PAYABLE 1,327,473.77 63,011.98
<br />SALARIES AND BENEFITS PAYABLE 200,071.57 62,549.40
<br />DUE TO CITY 45,000.00 -
<br />DUE TO OTHER FUNDS 231,120.50 -
<br />BONDS PAYABLE-CURRENT PORTION _ _
<br />TOTAL CURRENT LIABILITIES 1,803,665.84 125,561.38
<br />LONG TERM LIABILITIES
<br />LFG PROJECT 2,701,994.04
<br />DUE TO COUNTY _
<br />BONDS PAYABLE, LESS CURRENT PORTION 7,853,750.35 7,606,250.00
<br />TOTAL LONG TERM LIABILITIES 10,555,744.39 7,606,250.00
<br />TOTAL LIABILITIES 12,359,410.23 7,731,811.38
<br />FUND EQUITY
<br />CAPITAL ACCOUNT CONST COST 733,400.00
<br />CONTRIBUTED CAPITAL
<br />RETAINED EARNINGS 24,783,279.22 20,965,473.15
<br />TOTAL FUND EQUITY 25,516,679.22 20,965,473.15
<br />TOTAL LIABILITIES 8 FUND EQUITY 37,876,089.45 28,697,284.53
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