|
Draft 2-4-2014
<br />LA PORTE AREA WATER AUTHORITY
<br />Management’s Discussion and Analysis (continued)
<br />Analysis of the Water Authority’s Operations
<br /> – the following table provides a summary of the Water
<br />Authority’s operations for the year ended September 30, 2013.
<br />La Porte Area Water Authority’s
<br />Change in Net position
<br />Business-Type Activities
<br />20132012, restated
<br />Operating revenues:
<br />Charges for Services1,213,334$ $ 1,294,479
<br />Total operating revenues
<br /> 1,213,334 1,294,479
<br />Operating expenses:
<br />Supplies 8,0904,207
<br />Purchased water 999,6471,264,050
<br />Services and charges 95,106107,012
<br />Depreciation 464,999 462,938
<br />Total operating expenses
<br /> 1,567,842 1,838,207
<br />Operating income (loss) (354,508) (543,728)
<br />Nonoperating revenues (expenses)
<br /> (49,204) (122,272)
<br />Income (loss) before contributions and transfers (403,712) (666,000)
<br />Capital contributions
<br /> 793,854 752,242
<br />Change in net position 390,142 86,242
<br />Net Position - Beginning
<br /> 7,156,249 7,020,950
<br />Prior Period Adjustment
<br /> (49,057)
<br />Net Position - Beginning, as Restated
<br /> 7,107,192 7,020,950
<br />Total Net Position - ending
<br />$ 7,497,334$ 7,107,192
<br />Total net position increased by $390,142 in 2013. The actual water revenue and capital recovery fees for
<br />fiscal year ended September 30, 2013, of $1,213,334 were $83,911 higher than the amount budgeted of
<br />$1,129,423 due to an increase in consumption.
<br />6
<br />
<br />
|