Balance Sheets - USD ($) $ in Thousands	Dec. 31, 2015	Dec. 31, 2014
ASSETS
UTILITY PLANT, at original cost	$ 329,415	$ 316,525
Plant acquisition adjustments	(3,724)	(3,522)
Accumulated depreciation	(64,271)	(59,809)
Net utility plant	261,420	253,194
OTHER PHYSICAL PROPERTY:
Net of accumulated depreciation of $329 in 2015 and $286 in 2014	769	765
CURRENT ASSETS:
Cash and cash equivalents	2,879	1,488
Restricted cash	0	7
Accounts receivable, net of reserves of $315 in 2015 and $325 in 2014	3,535	3,991
Unbilled revenues	2,614	2,377
Recoverable income taxes	1,049	957
Materials and supplies inventories, at cost	771	771
Prepaid expenses	729	584
Deferred income taxes	215	1,058
Total current assets	11,792	11,233
OTHER LONG-TERM ASSETS:
Deferred debt expense	2,743	2,573
Notes receivable	255	266
Deferred regulatory assets	32,996	32,614
Other assets	3,516	3,694
Total other long-term assets	39,510	39,147
Total Assets	313,491	304,339
COMMON STOCKHOLDERS' EQUITY:
Common stock, no par value, authorized 46,500,000 shares, issued and outstanding 12,812,377 shares in 2015 and 12,830,521 shares in 2014	77,317	77,556
Retained earnings	31,753	27,007
Total common stockholders' equity	109,070	104,563
PREFERRED STOCK, authorized 500,000 shares, no shares issued	0	0
LONG-TERM DEBT, excluding current portion	$ 87,261	$ 84,842
COMMITMENTS
CURRENT LIABILITIES:
Current portion of long-term debt	$ 44	$ 43
Accounts payable	1,772	1,589
Dividends payable	1,708	1,647
Accrued compensation and benefits	1,174	1,078
Accrued interest	976	1,027
Other accrued expenses	523	546
Total current liabilities	6,197	5,930
DEFERRED CREDITS:
Customers' advances for construction	7,500	10,712
Deferred income taxes	50,495	46,024
Deferred employee benefits	11,079	13,727
Other deferred credits	6,959	7,489
Total deferred credits	76,033	77,952
Contributions in aid of construction	34,930	31,052
Total Stockholders' Equity and Liabilities	$ 313,491	$ 304,339