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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2015
Dec. 31, 2014
UTILITY PLANT:    
Water Production $ 142,794 $ 138,242
Transmission and Distribution 398,363 378,154
General 61,322 58,851
Construction Work in Progress 5,734 8,145
TOTAL 608,213 583,392
Less Accumulated Depreciation 126,343 117,986
UTILITY PLANT - NET 481,870 465,406
CURRENT ASSETS:    
Cash and Cash Equivalents 3,469 2,673
Accounts Receivable, net 10,060 10,012
Unbilled Revenues 6,246 5,937
Materials and Supplies (at average cost) 2,600 2,253
Prepayments 2,035 1,989
TOTAL CURRENT ASSETS 24,410 22,864
DEFERRED CHARGES AND OTHER ASSETS:    
Unamortized Debt Expense 3,339 3,474
Preliminary Survey and Investigation Charges 2,199 2,211
Regulatory Assets 58,552 66,216
Operations Contracts, Developer and Other Receivables 2,921 3,313
Restricted Cash 439 2,573
Non-utility Assets - Net 9,199 $ 9,197
Federal Income Tax Receivable 1,408
Other 385 $ 518
TOTAL DEFERRED CHARGES AND OTHER ASSETS 78,442 87,502
TOTAL ASSETS 584,722 575,772
CAPITALIZATION:    
Common Stock, No Par Value 150,763 148,668
Retained Earnings 55,931 48,623
TOTAL COMMON EQUITY 206,694 197,291
Preferred Stock 2,436 2,436
Long-term Debt 136,247 136,039
TOTAL CAPITALIZATION 345,377 335,766
CURRENT LIABILITIES:    
Current Portion of Long-term Debt 5,739 5,910
Notes Payable 3,000 19,000
Accounts Payable 6,525 6,354
Accrued Taxes 9,126 8,948
Accrued Interest 1,104 1,134
Unearned Revenues and Advanced Service Fees 880 839
Other 1,945 1,687
TOTAL CURRENT LIABILITIES $ 28,319 $ 43,872
COMMITMENTS AND CONTINGENT LIABILITIES (Note 4)
DEFERRED CREDITS AND OTHER LIABILITIES:    
Customer Advances for Construction $ 20,461 $ 21,978
Accumulated Deferred Investment Tax Credits 832 910
Accumulated Deferred Income Taxes 67,702 47,306
Employee Benefit Plans 36,515 45,135
Regulatory Liability - Cost of Utility Plant Removal 10,876 10,273
Other 1,597 1,277
TOTAL DEFERRED CREDITS AND OTHER LIABILITIES 137,983 126,879
CONTRIBUTIONS IN AID OF CONSTRUCTION 73,043 69,255
TOTAL CAPITALIZATION AND LIABILITIES $ 584,722 $ 575,772