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<br />e
<br />
<br />FINANCIAL INFORMATION
<br />(As of June 30, 1999)
<br />
<br />Contract Revenue Bonds Currently Outstanding . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
<br />Less: Bonds maturing on 12/01199 .................................................
<br />
<br />Less: Bonds being reftmded ........................................................
<br />Plus: Contract Revenue Refunding Bonds, Series 1999 ............................
<br />Total Bonds Outstanding after Reftmding ......... . . .. . . . .. . . . . . .. .. . . . . .. .. .. . . . .
<br />
<br />e
<br />
<br />$8,335,000
<br />
<br />255,000
<br />8,080,000
<br />8.080.000
<br />
<br />$8,080,000
<br />
<br />SPECIAL FUND BALANCES
<br />
<br />Debt Service Fund, Reserve Fund & Contingency Fund .....
<br />Capital Recovery Fund ......................................
<br />
<br />Total ........................................................
<br />
<br />$1,272,673
<br />988.771
<br />$2,261,444
<br />
<br />COMPUTATION OF NET REVENUES A V All..ABLE FOR DEBT SERVICE
<br />
<br />Operating Revenues - User Fees
<br />Interest Billings to Participants
<br />Earnings on Investments
<br />Contribution from Participants
<br />(for Bond Principal Retirement and
<br />Paying agent Fees)
<br />Gross Revenue
<br />
<br />Less: Operating Expenses
<br />Available for Debt Service
<br />
<br />Principal & Interest Paid During YIE
<br />
<br />Coverage of Debt Service
<br />
<br /> Fiscal Year Ended September 30
<br /> (Taken from Authoritv's Annual Financial Reoort)
<br />1998 1997 1996 1995 1994 1993
<br />$767,016 $741,355 $673,721 $651,658 $614,996 $642,729
<br />594,435 609,976 618,201 631,533 641,699 650,112
<br />116,O15 115,877 108,341 113,067 98,428 126,883
<br />217.530 212.084 205.919 193.468 183.300 174.887
<br />$1,694,996 $1,679,292 $1,606,182 $1,589,726 $1,538,423 $1,594,611
<br />625.501 628.186 594.380 572.396 610.942 552.952
<br />$1,069,495 $1,051,106 $1,0Il,802 $1,017,330 $927,481 $1,041,659
<br />$824,013 $822,123 $824,120 $814,865 $814,408 $813,075
<br />l.30X 1.28X 1.23X 1.25X 1.14X 1.28X
<br />
<br />TOP TEN WATER CUSTOMERS
<br />
<br />The Authority has three customers: the Cities of La Porte, Mogan's Point and Shoreacres. The customers listed below are top
<br />users of the cities. The Port of Houston is a customer of the City of Morgan's Point. All others are customers of the City of La
<br />Porte.
<br />
<br />Customer
<br />Pecan Plantation
<br />Port of Houston
<br />Harbor Bay
<br />Vista Baywood
<br />Al1waste
<br />Pecan Villa
<br />PPG
<br />Green Oaks
<br />AKZO Nobel
<br />La Quinta
<br />
<br />Type of Business
<br />Mobile Home Park
<br />Containerized Sea Port
<br />Apartments
<br />Apamnents
<br />Cleaning Service
<br />Mobile Home park
<br />Petrochemical Plant
<br />Apartments
<br />Petrochemical Plant
<br />Motel
<br />
<br />WATER RATES
<br />
<br />36 1/2 cents per thousand gallons.
<br />
<br />10
<br />
<br />Consumption
<br />in Gallons
<br />23,210,000
<br />18,888,600
<br />13,662,200
<br />10,536,000
<br />7,774,000
<br />7,171,400
<br />6,953,000
<br />6,232,500
<br />5,802,400
<br />5,004,500
<br />
<br />01
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