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LA PORTE AREA WATER AUTHORITY EXHIBIT B-1 <br />STATEMENT OF NET POSITION <br />Septeinber 30, 20I4 <br />Assets <br />Current assets: <br />Cash $ 856,608 <br />Investments 1,692,952 <br />Accounts receivable, net of allowance for doubtful accounts 182,551 <br />Accrued interest receivable 1,673 <br />Restricted assets: <br />Restricted cash and temporary investments 689,722 <br />Total current assets 3,423,506 <br />Noncurrent assets: <br />Water production and distribution system 15,435,810 <br />Less: accumulated depreciation (9,090,984) <br />Total noncurrent assets 6,344,826 <br />Total Assets 9.76R 112 <br />Liabilities <br />Current liabilities: <br />Accounts payable $ 46,595 <br />Current liabilities (payable from restricted assets): <br />Current portion of revenue bonds 650,000 <br />Accrued interest 2,116 <br />Total current liabilities 698,711 <br />Noncurrent liabilities <br />Revenue bond, net of current portion 1,032,550 <br />Total Liabilities 1,731,261 <br />Deferred Inflows of Resources <br />Deferred gain on refunding 5,031 <br />Total deferred inflows of resources 5.031 <br />Net Position <br />See Notes to the Financial Statements. <br />10 <br />