| |
2003 |
|
2002 |
|
| MEMBERS' EQUITY & LIABILITIES |
| |
|
|
|
| Members' Equity |
|
|
|
| Members' Investment Certificates |
$ 4,205,271 |
|
$ 4,205,271 |
| Contributed Capital |
36,080,007 |
|
31,313,913 |
| Retained Earnings |
76,301,706 |
|
70,627,252 |
|
|
| Total Members' Equity |
117,211,453 |
|
106,146,436 |
| |
|
|
|
| Long-Term Debt |
|
|
|
| Installment Purchase Obligation |
— |
|
7,133 |
| Note Payable Line of Credit |
21,000,000 |
|
2,000,000 |
| Revenue Bonds, Series 1996 |
25,380,071 |
|
26,482,715 |
| Revenue Bonds, Series 2000 |
11,381,516 |
|
11,835,907 |
| Revenue Bonds, Series 2001 |
18,861,149 |
|
18,853,959 |
| Revenue Bonds, Series 2002B |
29,918,608 |
|
29,915,684 |
| Revenue Bonds, Series 2003 |
16,803,745 |
|
— |
| Deferred Surcharge Income - Noncurrent |
15,066,642 |
|
15,406,536 |
|
|
| Total Long-Term Debt |
138,411,731 |
|
104,501,934 |
| |
|
|
|
Current Liabilities
Payable From Restricted Assets |
|
|
|
| Accrued Bond Interest |
911,988 |
|
857,444 |
| Long-Term Debt - Current Portion |
1,580,000 |
|
1,505,000 |
|
|
Total Current Liabilities
Payable From Restricted Assets |
2,491,988 |
|
2,362,444 |
| |
|
|
|
| Current Liabilities |
|
|
|
| Accounts Payable |
2,252,859 |
|
2,751,571 |
| Retainage Payable |
1,812,164 |
|
928,909 |
| Installment Purchase Obligation - Current |
7,133 |
|
42,799 |
| Customer Deposits |
1,398,001 |
|
1,268,861 |
| Other Current Liabilities |
544,838 |
|
402,411 |
| Deferred Surcharge Income - Current |
296,861 |
|
279,845 |
|
|
| Total Current Liabilities |
6,311,856 |
|
5,674,396 |
|
|
| TOTAL LIABILITIES |
147,215,575 |
|
112,538,774 |
|
|
| TOTAL MEMBERS' EQUITY & LIABILITIES |
$ 263,802,559 |
|
$ 218,685,210 |
|
|
|
|
|
|
| |
|
|
|
| <-Back to annual report |
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