CONSOLIDATING STATEMENTS of Net Assets

LIABILITIES | December 31, 2009 | Audited

Current Liabilities
CURRENT LIABILITIES LIGHT DIVISION BROADBAND
DIVISION
CONSOLIDATED
Accounts Payable $9,989,909 $215,262 $10,205,171
Accounts Payable -
Related party
754,920 10,454 765,374
Accrued Compensated Absences 95,972 10,692 106,664
Other Accrued Expenses 781,667 53,584 835,251
Bonds Payable 4,748,835 500,000 5,248,835
Participant Advances & Reserve 1,189,602 0 1,189,602
Capital Leases 0 29,318 29,318
Deferred Revenue 185,100 0 185,100
TOTAL CURRENT LIABILITIES $17,746,005 $819,310 $18,565,315
Noncurrent Liabilities
NONCURRENT LIABILITIES LIGHT DIVISION BROADBAND DIVISION CONSOLIDATED
Bonds Payable,
Net of Current Portion
$ 113,662,299 $650,000 $114,312,299
New Lease,
Net of Current Portion
0 74,100 74,100
Rate Stabilization Reserve 6,057,559 0 6,057,559
Net OPEB Obligation 2,495,757 340,332 2,836,089
Customer Deposits 255,811 0 255,811
Deferred Revenue 281,641 0 281,641
TOTAL NONCURRENT LIABILITIES 122,753,067 1,064,432 123,817,499
TOTAL LIABILITIES &
NET ASSETS
$140,499,072 $1,883,742 $142,382,814
Net Assets {Invested in Capital Assets, Net of Related Debt}
  LIGHT DIVISION BROADBAND DIVISION CONSOLIDATED
Invested in Capital Assets,
Net of Related Debt
49,075,888 1,681,068 50,756,956
Unrestricted 7,783,540 (1,134,823) 6,648,717
TOTAL NET ASSETS 56,859,428 546,245 57,405,673
TOTAL LIABILITIES & NET ASSETS $197,358,500 $2,429,987 $199,788,487