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COMBINED BALANCE SHEETS
<br />Jun-06
<br />ASSETS ELECTRIC WATER
<br />CURRENT ASSETS
<br />CASH & TEMPORARY INVESTMENTS 1,560,674.14 459,059.75
<br />ACCOUNTS RECEIVABLE 1,879,733.33 427,090.95
<br />INVENTORIES 2,404,738.87 32,140.52
<br />PREPAID ITEMS 12,666.85 17,623.05
<br />CONSTRUCTION IN PROGRESS 2,227,821.03 90,997.13
<br />TOTAL CURRENT ASSETS 8,085,634.22 1,026,911.40
<br />RESTRICTED ASSETS
<br />EMERGENCY RESERVE FUND 445,900.00
<br />CONSTRUCTION RESERVE FUND 1,443,363.47 1,110,000.00
<br />TOTAL RESTRICTED ASSETS 1,889,263.47 1,110,000.00
<br />FIXED ASSETS
<br />PRODUCTION 2,339,142.74 9,387,628.74
<br />LFG PROJECT 3,048,596.31
<br />TRANSMISSION 453,005.00
<br />DISTRIBUTION 22,051,755.76 18,059,486.35
<br />GENERAL 9,337,126.76 780,491.61
<br />FIXED ASSETS (COST) 37,229,626.57 28,227,606.70
<br />LESS ACCUMULATED DEPRECIATION (14,768,870.51) (5,713,999.84)
<br />TOTAL FIXED ASSETS, NET 22,460,756.06 22,513,606.86
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<br />OTHER ASSETS 19,973.97 91,241.19
<br />TOTAL ASSETS 32,455,627.72 24,741,759.45
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<br />LIABILITIES AND FUND EQUITY
<br />CURRENT LIABILITIES
<br />ACCOUNTS PAYABLE 1,480,102.35 122,702.29
<br />SALARIES AND BENEFITS PAYABLE 208,127.73 68,949.43
<br />DUE TO CITY - -
<br />DUE TO OTHER FUNDS 201,708.48 -
<br />BONDS PAYABLE-CURRENT PORTION 63,636.00 -
<br />TOTAL CURRENT LIABILITIES 1,953,574.56 191,651.72
<br />LONG TERM LIABILITIES
<br />LFG PROJECT 2,941,762.00 -
<br />DUE TO COUNTY 20,551.08 -
<br />BONDS PAYABLE, LESS CURRENT PORTION 5,642,955.90 5,736,250.00
<br />TOTAL LONG TERM LIABILITIES 8,605,268.98 5,736,250.00
<br />TOTAL LIABILITIES 10,558,843.54 5,927,901.72
<br />FUND EQUITY
<br />CONTRIBUTED CAPITAL
<br />RETAINED EARNINGS 21,896,784.18 18,813,857.73
<br />TOTAL FUND EQUITY 21,896,784.18 18,813,857.73
<br />TOTAL LIABILITIES & FUND EQUITY 32,455,627.72 24,741,759.45
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