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COMBINED BALANCE SHEETS
<br />JANUARY 2008
<br />ASSETS ELECTRIC WATER
<br />CURRENT ASSETS
<br />CASH & TEMPORARY INVESTMENTS 1,542,513.72 1,189,307.46
<br />ACCOUNTS RECEIVABLE 2,053,510.99 399,080.41
<br />INVENTORIES 1,411,050.75 28,998.71
<br />PREPAID ITEMS 153,503.47 16,150.83
<br />CONSTRUCTION IN PROGRESS 1,603,528.23 240,445.53
<br />TOTAL CURRENT ASSETS 6,764,107.16 1,873,982.94
<br />RESTRICTED ASSETS
<br />BOND RESERVE FUND 445,900.00
<br />EMERGENCY RESERVE FUND 1,214,131.21 1,006,673.98
<br />UNRESTRICTED RESERVE FUND 389,844.47 135,493.00
<br />TOTAL RESTRICTED ASSETS 2,049,875.68 1,142,166.98
<br />FIXED ASSETS
<br />PRODUCTION 2,342,563.74 9,473,529.04
<br />LFG PROJECT 3,696,648.93
<br />TRANSMISSION 453,005.00
<br />DISTRIBUTION 29,818,015.69 20,045,965.64
<br />GENERAL 9,872,644.83 875,471.12
<br />FIXED ASSETS (COST) 46,182,878.19 30,394,965.80
<br />LESS ACCUMULATED DEPRECIATION (17,753,167.26) (7,017,435.63)
<br />TOTAL FIXED ASSETS, NET 28,429,710.93 23,377,530.17
<br />OTHER ASSETS 95,850.78 79,092.92
<br />TOTAL ASSETS 37,339,544.55 26,472,773.01
<br />LIABILITIES AND FUND EQUITY
<br />CURRENT LIABILITIES
<br />ACCOUNTS PAYABLE 1,343,957.24 136,210.26
<br />SALARIES AND BENEFITS PAYABLE 218,151.87 71,168.62
<br />DUE TO CITY 81,160.95 13,014.21
<br />DUE TO OTHER FUNDS 218,972.76
<br />BONDS PAYABLE-CURRENT PORTION 275,000.00 775,000.00
<br />TOTAL CURRENT LIABILITIES 2,137,242.82 995,393.09
<br />LONG TERM LIABILITIES
<br />LFG PROJECT 2,849,544.04
<br />DUE TO COUNTY 20,551.08
<br />BONDS PAYABLE, LESS CURRENT PORTION 7,807,099.35 4,521,250.00
<br />TOTAL LONG TERM LIABILITIES 10,677,194.47 4,521,250.00
<br />TOTAL LIABILITIES 12,814,437.29 5,516,643.09
<br />FUND EQUITY
<br />CAPITAL ACCOUNT CONST COST 445,900.00
<br />CONTRIBUTED CAPITAL
<br />RETAINED EARNINGS 24,079,207.26 20,956,129.92
<br />TOTAL FUND EQUITY 24,525,107.26 20,956,129.92
<br />TOTAL LIABILITIES 8~ FUND EQUITY 37,339,544.55 26,472,773.01
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