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The fund financial statements can be found on pages 8 —10 of this report.
<br />Notes to the Financial Statements — The notes provide additional 'information that is essential to a full
<br />understanding of the data provided in the fund financial statements. The notes to the financial statements
<br />can be found on pages 11 — 17 of this report.
<br />Other Information — In addition to the basic financial statements and accompanying notes, this report
<br />also presents certain supplementary information concerning the Water's Authority's operations.
<br />Supplementary information can be found on pages 18 — 28 of this report.
<br />Financial Analysis of the Government's Funds
<br />As noted earlier, net position may serve over time as a useful indicator of a government's financial
<br />position. In the case of the La Porte Area Water Authority, assets exceeded liabilities and deferred
<br />inflows of resources by $8,032,620 at the close of the fiscal year.
<br />The largest portion of the Water Authority's net position $5,127,502 reflects its investment in capital
<br />assets (e.g., water production and distribution system), less any related debt used to acquire those assets
<br />that are still outstanding. The City uses these capital assets to provide water services to the participants;
<br />consequently, these assets are not available for future spending. Although the Water Authority's
<br />investment in its capital assets is reported net of related debt, it should be noted that the resources
<br />needed to repay this debt must be provided from other sources, since the capital assets themselves
<br />cannot be used to liquidate these liabilities.
<br />AUTHORITY'S NET POSITION
<br />Current and other assets
<br />Capital assets
<br />Total Assets
<br />Current liabilities
<br />Noncurrent liabilities
<br />Total Liabilities
<br />Total Deferred Inflows of Resources
<br />Net investment in capital assets
<br />Restricted
<br />Unrestricted
<br />Total Net Position
<br />Businey5 '.I'yl�e Activities
<br />2016 2015
<br />$ 3,013,779 $ 3,756,312
<br />5,455,381 5,879,827
<br />8,469,160 9,636,139
<br />427,724 1,052,749
<br />7,879 345,238
<br />435,603 1,397,987
<br />937 2,987
<br />5,127,502 4,864,589
<br />730,850 730,850
<br />2,174,268 2,639,726
<br />$ 8,032,620 $ 8,235,165
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