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CITY OF LA PORTE
<br />STATEMENT OF REVENUES, EXPENSES AND CHANGES IN FUND NET POSITION
<br />PROPRIETARY FUNDS
<br />For the Year Ended September 30, 2014
<br />Governmental
<br />Business-type ActivitiesActivities
<br />Total Enterprise Internal Service
<br />Utility FundLPAWAAirportFundsFund
<br />Revenues
<br />Charges for services7,755,333$ 1,195,886$ 56,158$ 9,007,377$ 8,193,412$
<br />Total Operating Revenues
<br /> 1,195,8867,755,333 56,158 9,007,377 8,193,412
<br />Operating Expenses
<br />Personnel services3,299,698 - 23,918 3,323,616 818,468
<br />Supplies and materials280,124 1,015 - 281,139 495,074
<br />Purchased water- 850,142 - 850,142 -
<br />Repairs and maintenance- - 6,536 6,536 -
<br />Other services and charges3,382,093 29,332 31,415 3,442,840 6,472,406
<br />Depreciation2,164,844 465,000 167,734 2,797,578 1,072,824
<br />Total Operating Expenses
<br /> 1,345,4899,126,759 229,603 10,701,851 8,858,772
<br />Operating income(1,371,426) (149,603) (173,445) (1,694,474) (665,360)
<br />Non-operating Revenues (Expenses)
<br />Earnings on investments3,176 4,854 593 8,623 9,616
<br />Gain (loss) on disposal of capital assets(21,252) - (21,252) (31,955)
<br /> -
<br />Interest expense (22,903) (38,638) - (61,541) -
<br />Total Non-operating Revenue (Expenses)
<br /> (40,979) (33,784) 593 (74,170) (22,339)
<br />Income before contributions and transfers
<br /> (1,412,405) (183,387) (172,852) (1,768,644) (687,699)
<br />Capital contributions 341,040 784,737 1,125,777- (16,383)
<br />Transfers in 1,147,501 - 385 1,147,886 491,531
<br />Transfers out (709,685) (66,644) (518) (776,847) (13,236)
<br />Change in net position (633,549) 534,706 (172,985) (271,828) (225,787)
<br />Total net position - Beginning
<br />30,347,1897,497,3342,899,879 40,744,402 12,569,038
<br />Total net assets - ending
<br />$ 29,713,640$ 8,032,040$ 2,726,894$ 40,472,574$ 12,343,251
<br />
<br />See Notes to Financial Statements.
<br />Draft 3/5/2015
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