| |
|
ASSETS |
| |
2006 |
2006 |
| |
|
|
|
Utility Plant, Property
and Equipment at Cost |
| Net of Accumulated
Depreciation |
$294,750,131 |
$252,164,462 |
| |
|
Restricted Cash and
Investments |
| Cash and Cash
Equivalents |
5,975,261 |
7,643,353 |
| Federal Agency
Securities |
5,318,000 |
14,363,741 |
| U.S. Treasury
Notes |
0 |
2,620,898 |
| Total Restricted Cash and
Investments |
$11,293,261 |
$24,627,992 |
| |
| Current
Assets |
| Cash and Cash
Equivalents |
36,509,996 |
32,447,245 |
| Accounts
Receivable |
2,268,846 |
1,957,144 |
| Material and
Supplies Inventory |
460,317 |
345,602 |
| Prepaid Expenses |
342,574 |
226,133 |
| Interest
Receivable |
184,170 |
104,306 |
| Surcharges
Receivable - Current |
337,745 |
330,183 |
| Other Receivables |
12,238 |
19,975 |
| Total Current Assets |
$40,115,886 |
$35,430,588 |
| |
| Other Assets |
| Bond Issuance
Costs |
3,601,078 |
3,532,123 |
| Utility Deposits |
241,667 |
121,667 |
| Surcharge
Receivable - Noncurrent |
14,168,048 |
15,143,746 |
| Total Other Assets |
$18,010,073 |
$18,797,536 |
| |
|
|
| Total Assets |
$364,170,071 |
$331,020,578 |
| |
|
| |
| MEMBERS'
EQUITY AND LIABILITIES |
| |
2006 |
2006 |
| Members' Equity |
|
|
| Members'
Investment Certificates |
4,205,271 |
4,205,271 |
| Contributed
Capital |
59,542,684 |
49,578,912 |
| Retained Earnings |
108,216,652 |
95,675,940 |
| Total Members' Equity |
$171,964,607 |
$149,460,123 |
| |
| Long-Term
Debt |
| Note Payable -
Line of Credit |
13,090,802 |
0 |
| Revenue Bonds,
Series 1996 |
0 |
23,004,783 |
| Revenue Bonds,
Series 2000 |
9,878,343 |
10,402,734 |
| Revenue Bonds,
Series 2001 |
16,462,721 |
28,599,455 |
| Revenue Bonds,
Series 2002B |
27,917,379 |
28,599,455 |
| Revenue Bonds,
Series 2003 |
16,824,930 |
16,817,868 |
| Revenue Bonds,
Series 2004A |
29,758,629 |
30,380,778 |
| Revenue Bonds,
Series 2004B |
26,160,000 |
26,160,000 |
| Revenue Bonds,
Series 2006 |
21,761,863 |
0 |
| Deferred Surcharge
Income - Noncurrent |
14,168,048 |
15,143,746 |
| Total Long-Term Debt |
$176,022,715 |
$168,054,894 |
| |
| Current
Liabilities payable From Restricted Assets |
| Accrued Bond
Interest |
1,062,228 |
1,112,648 |
| Long-Term Debt -
Current Portion |
4,375,000 |
4,055,000 |
| Total Payments Payable
From Restricted Assets: |
$5,437,228 |
$5,167,648 |
| |
| Current
Liabilities |
| Accounts Payable |
4,187,378 |
3,624,992 |
| Accrued Line of
Credit Interest |
159,536 |
0 |
| Retainage Payable |
3,311,218 |
1,860,211 |
| Customer Deposits |
2,155,497 |
2,002,957 |
| Other Current
Liabilities |
594,147 |
519,570 |
| Deferred Surcharge
Income - Current |
337,745 |
330,183 |
| Total Current Liabilities |
$10,745,521 |
$8,337,913 |
| |
| TOTAL LIABILITIES |
$192,205,464 |
$181,560,455 |
| |
|
|
| TOTAL MEMBERS' EQUITY &
LIABILITIES |
$364,170,071 |
$331,020,578 |
| |
|
|
|
