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LA PORTE AREA WATER AUTHORITY
<br />Management's Discussion and Analysis (continued)
<br />Analysis of the Water Authority's Operations — the following table provides a summary of the Water
<br />Authority's operations for the year ended September 30, 2012.
<br />La Porte Area Water Authority's
<br />Change in Net Assets
<br />Operating revenues:
<br />Charges for Services
<br />Total operating revenues
<br />Operating expenses:
<br />Supplies
<br />Purchased water
<br />Services and charges
<br />Depreciation
<br />Total operating expenses
<br />Operating income (loss)
<br />Nonoperating revenues (expenses)
<br />Income (loss) before contributions and transfers
<br />Capital contributions
<br />Change in net assets
<br />Total net assets - beginning
<br />Total net assets - ending
<br />Business -Type Activities
<br />2012 2011
<br />$ 1,294,479
<br />1,294,479
<br />4,207
<br />1,264,050
<br />107,012
<br />462,938
<br />1,838,207
<br />(543,728)
<br />$ 1,246,186
<br />1,246,186
<br />5,343
<br />1,006,229
<br />81,360
<br />460,877
<br />1,553,809
<br />(307,623)
<br />(73,215) (87,546)
<br />(616,943) (395,169)
<br />752,242 791,435
<br />135,299 396,266
<br />7,020,950
<br />$ 7,156,249
<br />6,624,684
<br />$ 7,020,950
<br />Total fund net assets increased by $135,299 in 2012. The actual water revenue and capital recovery fees
<br />for fiscal year ended September 30, 2012, of $1,353,579 were 25% higher than the amount budgeted of
<br />$1,087,149 due to an increase in consumption as a result of decreased rainfall. Interest earned on
<br />investments remained flat.
<br />The Water Authority has not made any revisions to the original appropriations approved by the City
<br />Council for the 2011-2012 budget.
<br />AI
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