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DRAFT <br />LA PORTE AREA WATER AUTHORITY <br />STATEMENT OF REVENUES, EXPENSES AND <br />CHANGES IN NET POSITION <br />FOR THE YEAR ENDED SEPTEMBER 30, 2015 <br />Operating Revenues <br />Charges for services <br />$ 1,106,779 <br />Total Operating Revenues <br />1,106,779 <br />Operating Expenses <br />Supplies <br />7,985 <br />Purchased water <br />829,346 <br />Other services and charges <br />379,535 <br />Depreciation <br />464,999 <br />Total Operating Expenses <br />1,681,865 <br />Operating income (loss) <br />( 575,086) <br />Nonoperating Revenues (Expenses) <br />Interest income <br />12,663 <br />Interest expense and other charges <br />( 21,737) <br />Total Nonoperating Revenue (Expenses) <br />( 9,074) <br />Income (loss) before contributions <br />( 584,160) <br />Capital Contributions <br />787,285 <br />Change in net position <br />203,125 <br />Net Position - Beginning <br />8,032,040 <br />Net Position - Ending <br />$ 8,235,165 <br />The notes to the financial statements are an intergral part of this statement. <br />9 <br />