| |
2004 |
|
2003 |
|
| MEMBERS' EQUITY & LIABILITIES |
| |
|
|
|
| Members' Equity |
|
|
|
| Members' Investment Certificates |
$ 4,205,271 |
|
$ 4,205,271
|
| Contributed Capital |
43,373,417 |
|
36,080,007
|
| Retained Earnings |
83,571,167 |
|
76,301,706
|
|
|
| Total Members' Equity |
131,149,855 |
|
116,586,984 |
| |
|
|
|
| Long-Term Debt |
|
|
|
| Note Payable — Line of Credit |
- |
|
21,000,000 |
| Revenue Bonds, Series 1996 |
24,222,427 |
|
25,380,071 |
| Revenue Bonds, Series 2000 |
10,902,125 |
|
11,381,516 |
| Revenue Bonds, Series 2001 |
18,573,340 |
|
18,861,149 |
| Revenue Bonds, Series 2002B |
29,266,531 |
|
29,918,608 |
| Revenue Bonds, Series 2003 |
16,810,807 |
|
16,803,745 |
| Revenue Bonds, Series 2004A |
30,987,928 |
|
- |
| Revenue Bonds, Series 2004B |
26,160,000 |
|
- |
| Deferred Surcharge Income - Noncurrent |
15,493,660 |
|
15,066,642 |
|
|
| Total Long-Term Debt |
172,416,818 |
|
138,411,731 |
| |
|
|
|
Current Liabilities
Payable From Restricted Assets |
|
|
|
| Accrued Bond Interest |
1,134,779 |
|
911,988 |
| Long-Term Debt - Current Portion |
2,610,000 |
|
1,580,000 |
|
|
Total Current Liabilities
Payable From Restricted Assets |
3,744,779 |
|
2,491,988 |
| |
|
|
|
| Current Liabilities |
|
|
|
| Accounts Payable |
2,390,061 |
|
2,252,859 |
| Retainage Payable |
1,054,841 |
|
1,812,164 |
| Installment Purchase Obligation - Current |
- |
|
7,133 |
| Customer Deposits |
1,654,081 |
|
1,398,001 |
| Other Current Liabilities |
633,857 |
|
544,838 |
| Deferred Surcharge Income - Current |
310,145 |
|
296,861 |
|
|
| Total Current Liabilities |
6,042,985 |
|
6,311,856 |
|
|
| TOTAL LIABILITIES |
182,204,582 |
|
147,215,575 |
|
|
| TOTAL MEMBERS' EQUITY & LIABILITIES |
$ 313,354,437 |
|
$ 263,802,559 |
|
|
|
|
|
|
| |
|
|
|
| <-Back to annual report |
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