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<br />LA PORTE AREA WATER AUTHORITY <br /> <br />STATEMENT OF REVENUES, EXPENSES AND <br />CHANGES IN FUND NET ASSETS <br /> <br />FOR THE YEAR ENDED SEPTEMBER 30, 2007 <br /> <br />OPERATING REVENUES <br />Charges for services $ 1,035,062 <br />Total operating revenues 1,035,062 <br />OPERATING EXPENSES <br />Supplies 213 <br />Purchased water 700,831 <br />Services and charges 80,344 <br />Depreciation 441,913 <br />Total operating expenses 1,223,301 <br />OPERATING LOSS ( 188,239) <br />NONOPERATING REVENUES (EXPENSES) <br />Interest income 110,364 <br />Interest expense and fiscal charges ( 299,598) <br />Total nonoperating revenues (expenses) ( 189,234) <br />LOSS BEFORE CONTRIBUTIONS ( 377,473) <br />Capital contributions 847,006 <br />CHANGE IN NET ASSETS 469,533 <br />FUND NET ASSETS, BEGINNING 5,336,024 <br />FUND NET ASSETS, ENDING $ 5,805,557 <br /> <br />The accompanying notes are an integral part of these frnancial statements. <br /> <br />TEr~T A8J11 'JE <br /> <br />(~< <br />l~~~ <br /> <br />n <br />.J'l,- <br /> <br />ELI~1IN'ARY <br />