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<br />La Porte Area Water Authority Fund
<br />Statement of Revenues, Expenditures and Changes in Fund Balances
<br />For the Sixth Month Ended March 31, 2008 with Comparative Data for the Prior Year
<br />500;" of Year Lapsed
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<br /> Current Year Prior Year
<br /> Actual Percent of Actual Percent of
<br /> Budget Year to Date Variance Budget Budget Year to Date Budget
<br />Operating Revenues:
<br />Userfees $1,211,808 $ 529,857 $ (681,951) 43.72% $1,268,916 $ 449,081 35.39%
<br />Operating expenses:
<br />Supp lies 300 300 0.00% 300 0.00%
<br />Other services and charges 1,655,982 780,029 875,953 47.10% 1,571,356 276,050 17.57%
<br />Total operating expenses 1,656,282 780,029 876,253 47.10% 1,571,656 276,050 17.56%
<br />Operating income (444,474) (250,172) 194,302 (302,740) 173,031
<br />Nonoperating revenues (expenses):
<br />Interest income 84,038 60,885 (23,153) 72.45% 76,000 56,431 74.25%
<br />Debt Service Billings 758,531 379,447 (379,084) 50.02% 760,700 316,959 41.67%
<br />Debt Service Principal and Interest (758,532) (628,738) 129,794 82.89% (760,700) (616,963) 81.1 0%
<br />Income before contributions and transfers (360,437) (438,578) (78,141) (226,740) (70,542)
<br />Transfers in 0.00% 0.00%
<br />Transfers out (61,478) (30,739) 30,739 50.00% (59,454) (29,727) 50.00%
<br />Change in net assets (421,915) (469,317) (47,402) (286,194) (100,269)
<br />Net assets - beginning of the year 5,805,557 5,805,557 5,504,789 5,504,789
<br />Net assets - end of the year $ 5,383,642 $ 5,336,240 $ (47,402) $ 5,218,595 $ 5,404,520
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