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<br />LA PORTE AREA WATER AUTHORITY <br /> <br />STATEMENT OF NET ASSETS <br />SEPTEMBER 30, 2009 <br /> <br />ASSETS <br />Current assets <br />Cash <br />Investments <br />Receivables, net <br />Accrued interest receivable <br />Restricted assets <br />Restricted cash <br />Total current assets <br /> <br />Capital assets <br />Water production and distribution system <br />Construction in progress <br />Less: accumulated depreciation <br />Total noncurrent assets <br /> <br />Total assets <br /> <br />LIABILITIES <br />Current liabilities <br />Accounts payable <br />Retainage payable <br />Current liabilities (payable from restricted assets): <br />Current portion of revenue bonds <br />Accrued interest <br />Total current liabilities <br /> <br />Noncurrent liabilities <br />Revenue bond, net of current portion <br /> <br />Total liabilities <br /> <br />NET ASSETS <br />Invested in capital assets, net of related debt <br />Restricted for debt service <br />Unrestricted <br /> <br />Total net assets <br /> <br />The accompanying notes are an integral part of these financial statements. <br /> <br />6 <br /> <br />$ 159,362 <br /> 1,387,593 <br /> 158,323 <br /> 1,380 <br /> 740,456 <br /> 2,447,114 <br /> 15,312,130 <br /> 123,680 <br />( 6,775,999) <br /> 8,659,811 <br /> 11,106,925 <br /> <br />81,113 <br />3,710 <br /> <br />525,000 <br />9,606 <br />619,429 <br /> <br />4,080,000 <br /> <br />4,699,429 <br /> <br />4,054,811 <br />730,850 <br />1,621,835 <br /> <br />$ <br /> <br />6,407,496 <br />