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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2021
Dec. 31, 2020
ASSETS    
Utility plant, at original cost (less accumulated depreciation - 2021 - $159,385,; 2020 - $147,469) $ 590,431 $ 559,561
Current assets    
Cash and cash equivalents 92 28
Accounts receivable (less allowance for doubtful accounts 2021 - $429; 2020-$862) 8,863 10,162
Income tax receivable 2,234 629
Unbilled operating revenues 1,080 1,166
Materials and supplies 1,933 1,535
Prepaid property taxes 2,306 1,891
Prepaid expenses and other 2,652 2,208
Total current assets 19,160 17,619
Other assets    
Non-utility property (less accumulated depreciation - 2021- $919; 2020 - $865) 3,751 3,796
Other deferred assets 5,097 5,309
Operating lease right of use assets 451 460
Total other assets 9,299 9,565
Regulatory assets, net 6,321 6,473
Total assets 625,211 593,218
Stockholders' equity    
Common stock 9,414 9,357
Preferred stock 0 0
Additional paid-in capital 104,989 103,463
Retained earnings 63,607 56,606
Total stockholders' equity 178,010 169,426
Long-term debt, net of current portion 143,259 142,333
Total stockholders' equity and long-term debt 321,269 311,759
Current liabilities    
Lines of credit 26,703 26,813
Current portion of long-term debt 1,591 1,757
Accounts payable 10,206 6,341
Accrued expenses 4,534 3,414
Overdraft payable 30 105
Accrued interest 917 930
Income taxes payable 0 237
Customer and other deposits 2,273 2,060
Other 1,448 2,067
Total current liabilities 47,702 43,724
Commitments and contingencies (Note 11)
Deferred credits and other liabilities    
Net advances for construction 4,295 4,578
Operating lease liabilities 440 432
Regulatory liabilities 21,260 21,681
Deferred investment tax credits 456 473
Deferred income taxes 53,133 50,313
Total deferred credits and other liabilities 79,584 77,477
Net contributions in aid of construction 176,656 160,258
Total Liabilities and Stockholders' Equity $ 625,211 $ 593,218