| |
2002 |
|
2001 |
|
|
| ASSETS |
| |
|
| Utility
Plant |
|
|
|
Utility
Plant, Property and Equipment
at Cost Net of Accumulated Depreciation |
|
|
|
|
160,139,854 |
|
141,355,083 |
| |
|
| Restricted
Cash and Investments |
|
|
|
| Cash
and Cash Equivalents |
5,475,187 |
|
1,198,384 |
| Federal
Agency Securities |
23,340,939 |
|
3,732,929 |
| |
|
| Total
Restricted Cash and Investments |
28,816,126 |
|
4,931,313 |
| |
|
|
|
| |
|
|
|
| Current
Assets |
|
|
|
| Cash
and Cash Equivalents |
10,379,940 |
|
10,248,420 |
| Accounts
Receivable |
1,088,673 |
|
1,067,548 |
| Material
and Supplies Inventory |
216,938 |
|
225,453 |
| Prepaid
Expense |
129,393 |
|
92,918 |
| Interest
Receivable |
133,215 |
|
57,231 |
| Surcharges
Receivable - Current |
279,845 |
|
230,204 |
| Other
Receivables |
10,505 |
|
8,535 |
| |
|
| Total
Current Assets |
12,238,509 |
|
11,930,309 |
| |
|
|
|
| |
|
|
|
| Other
Assets |
|
|
|
| Bond
Issuance Costs |
2,067,348 |
|
1,322,721 |
| Utility
Deposits |
16,837 |
|
16,837 |
Surcharges
Notes Receivable -
More Than
One Year |
15,406,536 |
|
14,021,235 |
| |
|
| Total
Other Assets |
17,490,721 |
|
15,360,793 |
| |
|
|
|
| |
|
|
|
| |
|
|
|
| TOTAL
ASSETS |
218,685,210 |
|
173,577,498 |
| |
|
| |
|
|
|
| |
2002 |
|
2001 |
|
|
| MEMBERS'
EQUITY & LIABILITIES |
| |
|
|
|
| Members'
Equity |
|
|
|
| Members' Investment
Certificates |
4,205,271 |
|
4,205,271 |
| Contributed
Capital |
31,313,913 |
|
24,292,426 |
| Retained
Earnings |
70,627,252 |
|
65,805,931 |
| |
|
| Total Members'
Equity |
106,146,436 |
|
94,303,628 |
| |
|
|
|
| Long-Term
Debt |
|
|
|
| Note Payable
Line of Credit |
2,000,000 |
|
- |
| Installment
Purchase Obligation |
7,133 |
|
- |
| Revenue Bonds,
Series 1996 |
26,482,715 |
|
27,530,359 |
| Revenue Bonds,
Series 2000 |
11,835,907 |
|
12,270,298 |
| Revenue Bonds,
Series 2001 |
18,853,959 |
|
18,846,768 |
| Revenue Bonds,
Series 2002B |
29,915,684 |
|
- |
| Deferred Surcharge
Income
- Noncurrent |
15,406,536 |
|
14,021,235 |
| |
|
| Total Long-Term
Debt |
104,501,934 |
|
72,668,660 |
| |
|
|
|
Current
Liabilities
Payable From Restricted
Assets |
|
|
|
| Accrued Bond
Interest |
857,444 |
|
540,470 |
| Long-Term Debt
- Current
Portion |
1,505,000 |
|
1,435,000 |
| |
|
Total Current
Liabilities
Payable From
Restricted Assets |
2,362,444 |
|
1,975,470 |
| |
|
|
|
| Current
Liabilities |
|
|
|
| Accounts
Payable |
2,751,571 |
|
1,656,506 |
| Retainage
Payable |
928,909 |
|
1,153,244 |
| Customer
Deposits |
1,268,861 |
|
1,161,066 |
| Installment
Purchase Obligation
- Current |
42,799 |
|
- |
| Other Current
Liabilities |
402,411 |
|
428,720 |
| Deferred Surcharge
Income
- Current |
279,845 |
|
230,204 |
| |
|
| Total Current
Liabilities |
5,674,396 |
|
4,629,740 |
| |
|
| TOTAL
LIABILITIES |
112,538,774 |
|
79,273,870 |
| |
|
| TOTAL MEMBERS'
EQUITY & LIABILITIES |
218,685,210 |
|
173,577,498 |
| |
|
| |
|
|
|
| <-Back
to annual report |
|
|
|
|
