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COMBINED BALANCE SHEETS
<br />FEBRUARY 2007
<br />ASSETS ELECTRIC WATER
<br />CURRENT ASSETS
<br />CASH & TEMPORARY INVESTMENTS (300,749.83) 564,204.24
<br />ACCOUNTS RECEIVABLE 1,851,627.60 265,083.48
<br />INVENTORIES 1,471,432.34 40,228.26
<br />PREPAID ITEMS 64,083.63 (5,899.14)
<br />CONSTRUCTION IN PROGRESS 1,864,060.23 -
<br />TOTAL CURRENT ASSETS 4,950,453.97 863,616.84
<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 9,457,306.84
<br />LFG PROJECT 3,692,338.97
<br />TRANSMISSION 453,005.00
<br />DISTRIBUTION 25,986,817.93 19,318,922.81
<br />GENERAL 9,429,679.76 787,465.36
<br />FIXED ASSETS (COST) 41,904,405.40 29,563,695.01
<br />LESS ACCUMULATED DEPRECIATION (16,087,821.83) (6,249,163.16)
<br />TOTAL FIXED ASSETS, NET 25,816,583.57 23,314,531.85
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<br />OTHER ASSETS 103,246.71 86,078.95
<br />TOTAL ASSETS 32,916,050.66 25,406,394.62
<br />LIABILITIES AND FUND EQUITY
<br />CURRENT LIABILITIES
<br />ACCOUNTS PAYABLE 1,251,333.91 33,319.47
<br />SALARIES AND BENEFITS PAYABLE 195,001.97 65,329.50
<br />DUE TO CITY 59,437.28 6,310.00
<br />DUE TO OTHER FUNDS 210,903.37
<br />BONDS PAYABLE-CURRENT PORTION 310,400.25
<br />TOTAL CURRENT LIABILITIES 2,027,076.78 104,958.97
<br />LONG TERM LIABILITIES
<br />LFG PROJECT 2,892,952.00
<br />DUE TO COUNTY 20,551.08
<br />BONDS PAYABLE, LESS CURRENT PORTION 5,298,749.90 5,311,250.00
<br />TOTAL LONG TERM LIABILITIES 8,212,252.98 5,311,250.00
<br />TOTAL LIABILITIES 10,239,329.76 5,416,208.97
<br />FUND EQUITY
<br />CAPITAL ACCOUNT CONST COST 445,900.00
<br />CONTRIBUTED CAPITAL
<br />RETAINED EARNINGS 22,230,820.90 19,990,185.65
<br />TOTAL FUND EQUITY 22,676,720.90 19,990,185.65
<br />TOTAL LIABILITIES 8~ FUND EQUITY 32,916,050.66 25,406,394.62
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