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COMBINED BALANCE SHEETS
<br />June 2009
<br />ASSETS ELECTRIC WATER
<br />CURRENT ASSETS
<br />CASH & TEMPORARY INVESTMENTS 2,468,669.87 337,205.23
<br />ACCOUNTS RECEIVABLE 2,424,772.03 522,407.22
<br />INVENTORIES 1,318,393.90 40,261.97
<br />PREPAID ITEMS 89,647.38 25,390.21
<br />CONSTRUCTION IN PROGRESS 417,998.95 140,178.19
<br />TOTAL CURRENT ASSETS 6,719,482.13 1,065,442.82
<br />RESTRICTED ASSETS
<br />BOND RESERVE FUND 724,500.00 2,549,678.10
<br />EMERGENCY RESERVE FUND 1,365,525.64 1,081,560.73
<br />UNRESTRICTED RESERVE FUND 125,558.47 135,493.00
<br />TOTAL RESTRICTED ASSETS 2,215,584.11 3,766,731.83
<br />FIXED ASSETS
<br />PRODUCTION 2, 342,563.74 10, 268, 323.59
<br />LFG PROJECT 4,153,941.10
<br />TRANSMISSION 474,335.00
<br />DISTRIBUTION 32,394,949.32 20,415,669.02
<br />GENERAL 10,515,092.85 889,995.97
<br />FIXED ASSETS (COST) 49,880,882.01 31,573,988.58
<br />LESS ACCUMULATED DEPRECIATION (21,057,504.85) (8,561,895.50)
<br />TOTAL FIXED ASSETS, NET 28,823,377.16 23,012,093.08
<br />OTHER ASSETS 123,308.79 117,781.97
<br />TOTAL ASSETS 37,881,752.19 27,962,049.70
<br />LIABILITIES AND FUND EQUITY
<br />CURRENT LIABILITIES
<br />ACCOUNTS PAYABLE 2,043,821.77 272,523.85
<br />SALARIES AND BENEFITS PAYABLE 189,576.16 78,442.26
<br />DUE TO CITY 276,761.92 -
<br />DUE TO OTHER FUNDS - '
<br />BONDS PAYABLE-CURRENT PORTION 195,000.00 -
<br />TOTAL CURRENT LIABILITIES 2,705,159.85 350,966.11
<br />LONG TERM LIABILITIES
<br />LFG PROJECT 2,524,646.04
<br />DUE TO COUNTY -
<br />BONDS PAYABLE, LESS CURRENT PORTION 7,525,000.35 7,180,000.00
<br />TOTAL LONG TERM LIABILITIES 10,049,646.39 7,180,000.00
<br />TOTAL LIABILITIES 12,754,806.24 7,530,966.11
<br />FUND EQUITY
<br />CAPITAL ACCOUNT CONST COST 724,500.00
<br />CONTRIBUTED CAPITAL
<br />RETAINED EARNINGS 24,402,445.95 20,431,083.57
<br />TOTAL FUND EQUITY 25,126,945.95 20,431,083.57
<br />TOTAL LIABILITIES & FUND EQUITY 37,881,752.19 27,962,049.68
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