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LA PORTE AREA WATER AUTHORITY <br />STATEMENT OF NET POSITION <br />SEPTEMBER 30, 2016 <br />Assets <br />Current assets: <br />Cash <br />$ 2,022,186 <br />Investments <br />845,31.8 <br />Accounts receivable, net of <br />allowance for doubtful accounts <br />144,260 <br />Accrued interest receivable <br />2,015 <br />Total current assets <br />3,013,779 <br />Noncurrent assets: <br />Water production and distribution system <br />15,477,051 <br />Less: accumulated depreciation <br />10,021,670 <br />Total noncurrent assets <br />5,455,381 <br />Total Assets <br />8,469,160 <br />Liabilities <br />Current liabilities: <br />Accounts payable <br />107,191 <br />Current portion of revenues bonds <br />320,000 <br />Accrued interest <br />533 <br />Total current liabilities <br />427,724 <br />Noncurrent liabilities: <br />Revenue bond, net of current portion <br />7,879 <br />Total Liabilities <br />_ _ 435,603 <br />Deferred Inflows of Resources <br />Deferred gain on refunding <br />937 <br />Total Deferred Inflows of Resources <br />_ 937 <br />Net Position <br />Net investment in capital assets <br />5,127,502 <br />Restricted for debt service <br />730,850 <br />Unrestricted <br />2,174,268 <br />Total Net Position <br />$ 8,032,620 <br />The notes to the financial statements are <br />an integral part of this statement. 8 <br />