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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 30,2009 <br /> <br />OPERATING REVENUES <br />Charges for services $ 962,843 <br />Total operating revenues 962,843 <br />OPERATING EXPENSES <br />Supplies 9 <br />Purchased water 818,482 <br />Services and charges 96,242 <br />Depreciation 461,465 <br />Total operating expenses 1,376,198 <br />OPERATING LOSS ( 413,355) <br />NONOPERATING REVENUES (EXPENSES) <br />Interest income 29,957 <br />Interest expense and fiscal charges ( 243,859) <br />Total nonoperating revenues (expenses) ( 213,902) <br />LOSS BEFORE CONTRIBUTIONS ( 627,257) <br />CAPITAL CONTRIBUTIONS 860,304 <br />CHANGE IN NET ASSETS 233,047 <br />FUND NET ASSETS, BEGINNING 6,174,449 <br />FUND NET ASSETS, ENDING $ 6,407,496 <br /> <br />The accompanying notes are an integral part of these financial statements. <br /> <br />7 <br />