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EXHIBIT A
<br />(Continued)
<br />SOUTH BEND MUNICIPAL SEWAGE WORKS
<br />South Bend, Indiana
<br />Balance Sheets as of December 31, 2012, 2011 and 2010
<br />2012 2011 2010
<br />LIABILITIES AND OTHER CREDITS
<br />Equity Capital
<br />Retained Earnings
<br />81,338,392
<br />$ 73,025,762
<br />$ 67,138,147
<br />Current Year Earnings
<br />6,438,748
<br />8,292,580
<br />5,887,612
<br />Total Equity Capital
<br />87,777,140
<br />81,318,342
<br />73,025,759
<br />Long Term Debt
<br />459,457
<br />424,251
<br />417,473
<br />State Revolving Fund Loan 1998
<br />9,445,000 •
<br />10,865,000
<br />12,442,993
<br />Sewage Works Portion of Building
<br />539,681
<br />324,273
<br />413,388
<br />Corporation Bonds
<br />601,470
<br />660,510
<br />717,705
<br />Sewage Works Revenue Bonds of 2004
<br />7,980,000
<br />8,465,000
<br />8,930,000
<br />Sewage Works Revenue Bonds of 2006
<br />6,425,000
<br />6,745,000
<br />7,050,000
<br />Sewage Works Revenue Bonds of 2007
<br />13,670,000
<br />14,305,000
<br />14,915,000
<br />Sewage Works Revenue Bonds of 2007 B
<br />13,615,000
<br />14,240,000
<br />14,845,000
<br />Sewage Works Revenue Bonds of 2009
<br />2,822,021
<br />2,928,645
<br />2,471,706
<br />Sewage Works Revenue Bonds of 2010
<br />8,630,000
<br />8,980,000
<br />9,345,000
<br />Sewage Works Revenue Bonds of 2011
<br />20,740,000
<br />21,500,000
<br />-
<br />Sewage Works Revenue Bonds of 2012
<br />25,000,000
<br />-
<br />-
<br />Equipment Lease
<br />1,018,214
<br />22,738
<br />Total Long Term Debt
<br />109,946,705
<br />88,689,155
<br />70,740,142
<br />Current and Accrued Liabilities
<br />Accounts Payable
<br />2,182,394
<br />1,279,873
<br />813,736
<br />Accounts Payable - Construction
<br />46,520
<br />360,560
<br />31,452
<br />Accounts Payable to Associated Co.
<br />93,347
<br />85,944
<br />67,329
<br />Accrued Payroll
<br />459,457
<br />424,251
<br />417,473
<br />Interest Payable
<br />306,907
<br />338,644
<br />211,862
<br />Net Unamortized Bond Premium /Discount
<br />539,681
<br />324,273
<br />413,388
<br />Total Current and Accrued Liabilities
<br />3,628,306
<br />2,813,545
<br />1,955,240
<br />Total,Liabilities and Other Credits
<br />$201,352,151
<br />$ 172,821,042
<br />$145,721,141
<br />Note: The State Revolving Fund Loan of 1998 and the Sewage Works Revenue Bonds of 2004
<br />were refunded by the Sewage Works Refunding Revenue Bonds of 2013A in April of 2013.
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