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COMBINED BALANCE SHEETS
<br />Jan-06
<br />ASSETS ELECTRIC WATER
<br />CURRENT ASSETS
<br />CASH & TEMPORARY INVESTMENTS 535,210.42 769,561.54
<br />ACCOUNTS RECEIVABLE 1,637,673.22 270,010.03
<br />INVENTORIES 947,052.49 23,614.22
<br />PREPAID ITEMS 45,925.46 5,750.97
<br />CONSTRUCTION IN PROGRESS 405,585.98 25,856.83
<br />TOTAL CURRENT ASSETS 3,571,447.57 1,094,793.59
<br />RESTRICTED ASSETS
<br />EMERGENCY RESERVE FUND 95,000.00
<br />CONSTRUCTION RESERVE FUND 1,170,793.09 1,000,000.00
<br />TOTAL RESTRICTED ASSETS 1,265,793.09 1,000,000.00
<br />FIXED ASSETS
<br />PRODUCTION 2,339,142.74 9,379,960.74
<br />LFG PROJECT 3,048,596.31
<br />TRANSMISSION 453,005.00
<br />DISTRIBUTION 21,895,987.35 18,024,911.48
<br />GENERAL 9,247,798.31 780,491.61
<br />FIXED ASSETS (COST) 36,984,529.71 28,185,363.83
<br />LESS ACCUMULATED DEPRECIATION (14,068,870.51) (5,378,999.84)
<br />TOTAL FIXED ASSETS, NET 22,915,659.20 22,806,363.99
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<br />OTHER ASSETS 20,953.97 94,428.64
<br />TOTAL ASSETS 27,773,853.83 24,995,586.22
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<br />LIABILITIES AND FUND EQUITY
<br />CURRENT LIABILITIES
<br />ACCOUNTS PAYABLE 1,068,946.62 203,450.23
<br />SALARIES AND BENEFITS PAYABLE 197,946.20 65,674.19
<br />DUE TO CITY 66,851.00 14,940.08
<br />DUE TO OTHER FUNDS 196,694.06
<br />BONDS PAYABLE-CURRENT PORTION 372,272.00 410,000.00
<br />TOTAL CURRENT LIABILITIES 1,902,709.88 694,064.50
<br />LONG TERM LIABILITIES
<br />LFG PROJECT 2,397,858.00
<br />DUE TO COUNTY 20,551.08
<br />BONDS PAYABLE, LESS CURRENT PORTION 2,008,750.00 5,736,250.00
<br />TOTAL LONG TERM LIABILITIES 4,427,159.08 5,736,250.00
<br />TOTAL LIABILITIES 6,329,868.96 6,430,314.50
<br />FUND EQUITY
<br />CONTRIBUTED CAPITAL
<br />RETAINED EARNINGS 21,443,984.87 18,565,271.72
<br />TOTAL FUND EQUITY 21,443,984.87 18,565,271.72
<br />TOTAL LIABILITIES & FUND EQUITY 27,773,853.83 24,995,586.22
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