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COMBINED BALANCE SHEETS
<br />JULY 2007
<br />ASSETS ELECTRIC WATER
<br />CURRENT ASSETS
<br />CASH & TEMPORARY INVESTMENTS 1,605,911.05 769,689.90
<br />ACCOUNTS RECEIVABLE 2,365,291.18 582,164.87
<br />INVENTORIES 1,873,894.61 21,315.93
<br />PREPAID ITEMS 45,255.86 (4,453.85)
<br />CONSTRUCTION IN PROGRESS 2,096,860.12 263,627.44
<br />TOTAL CURRENT ASSETS 7,987,212.82 1,632,344.29
<br />RESTRICTED ASSETS
<br />BOND RESERVE FUND 445,900.00
<br />EMERGENCY RESERVE FUND 1,210,021.94 1,006,673.98
<br />UNRESTRICTED RESERVE FUND 389,844.47 135,493.00
<br />TOTAL RESTRICTED ASSETS 2,045,766.41 1,142,166.98
<br />FIXED ASSETS
<br />PRODUCTION 2,342,563.74 9,473,540.84
<br />LFG PROJECT 3,692,338.97
<br />TRANSMISSION 453,005.00
<br />DISTRIBUTION 27,577,895.55 19,357,842.12
<br />GENERAL 9,889,428.57 790,119.70
<br />FIXED ASSETS (COST) 43,955,231.83 29,621,502.66
<br />LESS ACCUMULATED DEPRECIATION (16,858,655.13) (6,613,746.46)
<br />TOTAL FIXED ASSETS, NET 27,096,576.70 23,007,756.20
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<br />OTHER ASSETS 99,883.56 82,735.70
<br />TOTAL ASSETS 37,229,439.49 25,865,003.17
<br />LIABILITIES AND FUND EQUITY
<br />CURRENT LIABILITIES
<br />ACCOUNTS PAYABLE 1,371,385.45 197,649.32
<br />SALARIES AND BENEFITS PAYABLE 236,298.15 71,316.24
<br />DUE TO CITY 59,437.28 6,310.00
<br />DUE TO OTHER FUNDS 217,605.03
<br />BONDS PAYABLE-CURRENT PORTION 252,443.25
<br />TOTAL CURRENT LIABILITIES 2,137,169.16 275,275.56
<br />LONG TERM LIABILITIES
<br />LFG PROJECT 2,892,952.00
<br />DUE TO COUNTY 20,551.08
<br />BONDS PAYABLE, LESS CURRENT PORTION 8,127,099.35 5,311,250.00
<br />TOTAL LONG TERM LIABILITIES 11,040,602.43 5,311,250.00
<br />TOTAL LIABILITIES 13,177,771.59 5,586,525.56
<br />FUND EQUITY
<br />CAPITAL ACCOUNT CONST COST 445,900.00
<br />CONTRIBUTED CAPITAL
<br />RETAINED EARNINGS 23,605,767.90 20,278,477.61
<br />TOTAL FUND EQUITY 24,051,667.90 20,278,477.61
<br />TOTAL LIABILITIES 8 FUND EQUITY 37,229,439.49 25,865,003.17
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