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COMBINED BALANCE SHEETS
<br />Dec-05
<br />ASSETS ELECTRIC WATER
<br />CURRENT ASSETS
<br />CASH & TEMPORARY INVESTMENTS 776,970.69 737,067.59
<br />ACCOUNTS RECEIVABLE 1,524,263.32 251,862.49
<br />INVENTORIES 936,119.73 28,543.82
<br />PREPAID ITEMS 68,995.30 8,039.70
<br />CONSTRUCTION IN PROGRESS 117,361.39 -
<br />TOTAL CURRENT ASSETS 3,423,710.43 1,025,513.60
<br />RESTRICTED ASSETS
<br />EMERGENCY RESERVE FUND 95,000.00
<br />CONSTRUCTION RESERVE FUND 1,161,418.87 1,000,000.00
<br />TOTAL RESTRICTED ASSETS 1,256,418.87 1,000,000.00
<br />FIXED ASSETS
<br />PRODUCTION 2,339,142.74 9,367,873.56
<br />LFG PROJECT 3,048,596.31
<br />TRANSMISSION 453,005.00
<br />DISTRIBUTION 21,701,259.44 17,495,943.77
<br />GENERAL 9,193,802.64 724,053.76
<br />FIXED ASSETS (COST) 36,735,806.13 27,587,871.09
<br />LESS ACCUMULATED DEPRECIATION (13,611,021.51) (5,230,845.84)
<br />TOTAL FIXED ASSETS, NET 23,124,784.62 22,357,025.25
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<br />OTHER ASSETS 23,500.97 94,473.13
<br />TOTAL ASSETS 27,828,414.89 24,477,011.98
<br />LIABILITIES AND FUND EQUITY
<br />CURRENT LIABILITIES
<br />ACCOUNTS PAYABLE 977,454.56 162,180.57
<br />SALARIES AND BENEFITS PAYABLE 189,974.60 62,160.95
<br />DUE TO CITY
<br />DUE TO OTHER FUNDS 197,055.96 6,118.08
<br />BONDS PAYABLE-CURRENT PORTION 372,272.00 410,000.00
<br />TOTAL CURRENT LIABILITIES 1,736,757.12 640,459.60
<br />LONG TERM LIABILITIES
<br />LFG PROJECT 2,410,954.00
<br />DUE TO COUNTY 20,560.08
<br />BONDS PAYABLE, LESS CURRENT PORTION 2,133,750.00 5,736,250.00
<br />TOTAL LONG TERM LIABILITIES 4,565,264.08 5,736,250.00
<br />TOTAL LIABILITIES 6,302,021.20 6,376,709.60
<br />FUND EQUITY
<br />CONTRIBUTED CAPITAL
<br />RETAINED EARNINGS 21,526,393.69 18,100,302.38
<br />TOTAL FUND EQUITY 21,526,393.69 18,100,302.38
<br />TOTAL LIABILITIES & FUND EQUITY 27,828,414.89 24,477,011.98
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