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COMBINED BALANCE SHEETS
<br />SEPTEMBER 2007
<br />ASSETS ELECTRIC WATER
<br />CURRENT ASSETS
<br />CASH & TEMPORARY INVESTMENTS 657,263.76 1,031,183.72
<br />ACCOUNTS RECEIVABLE 2,587,768.64 580,083.02
<br />INVENTORIES 1,653,290.31 30,231.74
<br />PREPAID ITEMS 12,742.34 (13,361.55)
<br />CONSTRUCTION IN PROGRESS 2,329,103.91 406,010.51
<br />TOTAL CURRENT ASSETS 7,240,168.96 2,034,147.44
<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 9,489,763.04
<br />LFG PROJECT 3,696,648.93
<br />TRANSMISSION 453,005.00
<br />DISTRIBUTION 28,341,661.39 19,369,514.18
<br />GENERAL 9,889,428.57 838,609.15
<br />FIXED ASSETS (COST) 44,723,307.63 29,697,886.37
<br />LESS ACCUMULATED DEPRECIATION (17,166,988.45) (6,759,579.78)
<br />TOTAL FIXED ASSETS, NET 27,556,319.18 22,938,306.59
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<br />OTHER ASSETS 98,538.30 81,554.88
<br />TOTAL ASSETS 36,940,792.85 26,196,175.89
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<br />LIABILITIES AND FUND EQUITY
<br />CURRENT LIABILITIES
<br />ACCOUNTS PAYABLE 1,225,925.40 36,948.90
<br />SALARIES AND BENEFITS PAYABLE 193,437.77 65,298.43
<br />DUE TO CITY 59,437.28 6,310.00
<br />DUE TO OTHER FUNDS 219,681.42
<br />BONDS PAYABLE-CURRENT PORTION 28,975.50
<br />TOTAL CURRENT LIABILITIES 1,727,457.37 108,557.33
<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 12,768,059.80 5,419,807.33
<br />FUND EQUITY
<br />CAPITAL ACCOUNT CONST COST 445,900.00
<br />CONTRIBUTED CAPITAL
<br />RETAINED EARNINGS 23,726,833.05 20,776,368.56
<br />TOTAL FUND EQUITY 24,172,733.05 20,776,368.56
<br />TOTAL LIABILITIES & FUND EQUITY 36,940,792.85 26,196,175.89
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