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7/3/2014 <br />City of La Porte <br />La Porte Area Water Authority Fund (016) Summary <br />Working Capital 9/30/13$2,394,445 <br />Plus Estimated 13-14 Revenues1,217,218 <br />Less Estimated 13-14 Expenses and Commitments1,080,171 <br />Equals Estimated Working Capital 9/30/142,531,492 <br />Plus 14-15 Revenues: <br />Water Revenue1,183,912 <br />Billing for Capital Reserve95,447 <br />Interest5,000 <br />Total Revenues1,284,359 <br />Equals Total Resources3,815,851 <br />Less 14-15 Expenses: <br />Operations1,129,481 <br />Total Expenses1,129,481 <br />Equals Estimated Working Capital 9/30/15$2,686,370 <br />EstimatedProjected <br />2013-142014-15 <br />Revenues$1,217,218$1,284,359 <br />Expenses1,080,1711,129,481 <br />Revenues over Expenses$137,047$154,878 <br />Targeted working capital - 60 to 90 days <br />Estimated working capital - 868 days <br />Goal: $278,502 <br />1 Day = $3,094 <br /> <br />