At December 31, 2015, contractual maturities of held-to-maturity securities, in the carrying
amount of approximately $17,237,000, were due in one year or less. Actual maturities may
differ from contractual maturities because some borrowers have the right to call or prepay
obligations with or without call or prepay penalties.
Note 4 ~ Accounts Receivable
Accounts receivable consisted of the following at December 31, 2015 and 2014:
(in thousands} 2015 2014
Accounts receivable - billed $ 2,235 $ 2,240
Less allowance for doubtful accounts (51) (51)
Accounts Receivable - billed, net $ 2,184 $ 2,189
Accounts receivable - unbilled $ 2,283 $ 2,399
Less allowance for doubtful accounts - -
Accounts Receivable - unbilled, net $ 2,283 $ 2,399
Note 5 — Deferred Charges and Other Assets
Deferred charges and other assets as of December 31, 2015 and 2014 consisted of the
following:
Recovery
Period
(in thousands) 2015 2014 (in years)
Regulatory assets:
Source development charges $ 652 $ 708 5-25
Miscellaneous studies 862 1,080 2-25
Unrecovered pension and post-retirement
benefits expense 6,895 6,483 wv
Total regulatory assets 8,409 8,271
Supplemental executive retirement plan asset 645 649
Subtotal 9,054 8,920
Debt issuance expenses, net 4,781 4,422 ()
Total deferred charges and other assets $ 13,835 $ 13,342
‘ We expect to recover these amounts consistent with the anticipated expense recognition of these assets.
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