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<br />
<br />CITY OF LA PORTE, TEXAS
<br />La Porte Area Water Authority Fund
<br />Statement of Revenues, Expenditures and Changes in Fund Balances
<br />For the four months ended January 31, 2004 with Comparative Data for the Prior Year
<br />33% of year lapsed
<br />(Unaudited)
<br /> Current Year
<br /> Actual Percent of
<br /> Budget Year to Date Variance Budget
<br />Operating Revenues:
<br />User fees $ 1,071,024 $ 217,680 $ (853,344) 20.32%
<br />Operating expenses:
<br />Supplies 300 - 300 0.00%
<br />Other services and charges 1,001,074 207,937 793,137 20.77%
<br />Total operating expenses 1,001,374 207,937 793,437 20.77%
<br />Operating income 69,650 9,743 (59,907)
<br />Nonoperating revenues (expenses):
<br />Interest income 24,290 - (24,290) 0.00%
<br />Debt Service Billings 780,306 ~ 195,076 (585,230) 25.00%
<br />Debt Service Principal and Interest (780,306) - 780,306 0.00%
<br />Contingency (15,000) - 15,000 0.00%
<br />Income before contributions and transfers 78,940 204,819 125,879
<br />Transfers in - - - 0.00%
<br />Transfers out (54,650) (18,217) 36,433 33.33%
<br />Change in net assets 24,290 186,602 162,312
<br />Net assets -beginning of the year 5,103,893 5,103,893 -
<br />Net assets -end of the year $ 5,128,183 $ 5,290,495 $ 162,312
<br />Prior Year
<br />Actual Percent of
<br />Year to Date Budget
<br />$ 229,250 20.51
<br />3 1.00%
<br />240,808 22.62%
<br />240,811 22.61
<br />(11,561)
<br />37,495 33.27%
<br />195,756 25.00%
<br />- 0.00%
<br />- 0.00%
<br />221,690
<br />- 0.00%
<br />(16,940) 33.33%
<br />204,750
<br />5,202,615
<br />$ 5,407,365
<br />Page 6
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