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CITY OF LA PORTE
<br />STATEMENT OF REVENUES, EXPENSES AND CHANGES IN FUND NET ASSETS
<br />PROPRIETARY FUNDS
<br />For the Year Ended September 30, 2011
<br />Business-type Activities
<br />Other
<br />Enterprise
<br />Utility FundLPAWAFunds
<br />Revenues
<br />Charges for services8,562,778$ 1,246,186$ 56,429$
<br />Total Operating Revenues
<br /> 1,246,1868,562,778 56,429
<br />Operating Expenses
<br />Personnel services3,235,767 - -
<br />Supplies and materials378,393 5,343 -
<br />Purchased water- 1,006,229 -
<br />Repairs and maintenance- - -
<br />Other services and charges2,844,323 80,055 27,989
<br />Depreciation1,924,447 460,877 166,403
<br />Total Operating Expenses
<br /> 1,552,5048,382,930 194,392
<br />Operating income179,848 (306,318) (137,963)
<br />Non-operating Revenues (Expenses)
<br />Earnings on investments6,989 25,167 1,087
<br />Miscellaneous revenue- - -
<br />Gain (loss) on disposal of capital assets(375) - -
<br />Interest expense(49,075) (112,713) -
<br />Total Non-operating Revenue (Expenses)
<br /> (87,546)(42,461) 1,087
<br />Income before contributions and transfers
<br /> (393,864)137,387 (136,876)
<br />Capital contributions620,464 791,435 29,775
<br />Transfers in- - -
<br />Transfers out(499,629) (1,305) (2,144,321)
<br />Change in net assets258,222 396,266 (2,251,422)
<br />Total net assets - beginning
<br />31,998,1726,624,6845,459,464
<br />Total net assets - ending
<br />$ 7,020,95032,256,394$ 3,208,042$
<br />
<br />See Notes to Financial Statements.
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